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TUE. MOR�TTCAGOR FURTHER COVENANTS AND AGREES:
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<br />That that Mortgagor will pay the indebtedness as hereinbefore provided.
<br />1 That the Mortgagor is the owner of said property in fee simple and has good right and lawful authority to sell and
<br />convey the same and that the same is free and clear of any lien or encumbrance; and that Mortgagor will warrant and defend the
<br />C111itle to said premises against.: the claims of all persons whomsoever. .
<br />To pay immediately when due an&payable all general taxes, special taxes, special assessments, water charges, sewer serv.-
<br />��-jce chargent, and other taxes and charges against said property, and all taxes levied on the debt secured hereby, and to furnish the
<br />�14ortgagee, upon request,: with - the.. original or duplicate receipts therefor. The Mortgagor agrees that there shall be added to -
<br />each monthly payment required hereunder or under the evidence of debt secured hereby an amount estimated by the Mortgagee
<br />"'to be sufficient to enable the Mortgagee to pay, as they become else, all taxes, assessments, and similar charges upon the prem-
<br />ises subject thereto; any deficiency because or the insufficiency of such additional payments shall tie forthwith deposited by the
<br />Mortgagor with the Mortgagee upon demand by the Mortgagee Any default under this paragraph shall be deemed a default in
<br />payment of taxes, assessments, or similar charges required hereunder.
<br />The Mortgagor agrees that there,ghall.also be added to each monthly payment of principal and interest required here-
<br />under an amount estimated by the Mortgagee to be sufficient to enable the Mortgagee to pay, as it becomes due, the insurance
<br />premium on any insurance policy delivered to the Mortgagee. Any deficiency because of the insufficiency of such additional pay-
<br />ments shall he forthwith deposited by the Mortgagor with the Mortgagee upon demand by the Mortgagee. Any default under this
<br />paragraph shall be deemed a default in the payment of insurance premiums if the policy or policies deposited are such as home
<br />owners or all risk policies, and the deposits are insufficient to pay the entire premium, the Mortgagee may apply the deposit to
<br />pay premiums on risks required to he insurer) by this mortgage.
<br />Pavenents made by the Mortgagor under the above paragraphs may, at the option of the Mortgagee, be held by it and
<br />commingled with other such funds or its own funds for the payment of such items, and until so applied, such payments are hereby
<br />pledged as security for the unpaid balance of the mortgage indebtedness.
<br />To proeure, deliver to, anti maintain for the benefit of the Mortgagee during the life of this mortgage original policies and
<br />renewals thereof. delivered at least ten days before the ,-xiur +etion of :nry such politic,. Insuring against fire and other insurable
<br />hazards, casualties, and contingencies as the Mortgagee nay require, in an amount equal to the indebtedness secured by this
<br />Mortgage, and in Lompanies acceptable to the Mortgagee. with loss payable clause in fav,.r of and in form acceptable to the Mortga-
<br />ge.,. In the event anv policy is not renewed on er before ten (lays of its expiration. the Mortgagee may procure insurance on the
<br />improvements, pay the premium therefor, and such sum shall become immediately dot• and payable with interest at the rate set
<br />forth in said note until paid and shall !e —A-un•d by the, mortgage. Failure on the part of the Mortgagor to furnish such renewals
<br />as are herein required or failure to pay any sums advanced hereunder shall, at the option of the Mortgagee. constitute it ,lefault
<br />under the terms of this mortgage Th.- de!rver, if orh pohri,•s :+hal], in the event of default. constitute an assignment of the un-
<br />earned premium.
<br />Any sums received liy tho Mortgagee by reason of toss nr damage in.ureol against may he retained by the Mortgagee
<br />and applied toward the payment of the debt hereby secured, or. at the option of the \Mortgagee, such stuns either wholly or in
<br />part may be paid over to the 'Mortgagor to he used to repair such buildings or to liuild new buildings in their place or for any
<br />other purpose or obiect. - tisfaclory f , the M— Igagee •Nithout affecnng the hen on the ro —tgage for the fill] amount securer) here
<br />by before such payment ever took place.
<br />To promptly repair. restore or rebuild anv buildings ,.r inpro—inenis ti— ,rc ewreafter on the prenuses winch may te.
<br />come damaged or deitroved: to keep said premises in good cnnditiun And repair wn] fro, front am' mechanic's hen or other lien or
<br />claim of lien not expressly su]ordinatud to the hen hereof, not to suffer .,r porno[ .n.y unlawful use• of or an, nuisance to exist on
<br />said property nor to permit waste on uud premises, nor t+, du ae.c „ther e, ,she n�h, 0- Ima,ertc hereby ron-,yed shall Iwoome
<br />less valuable, nor to diminish or impair its value by any act „r on -�,lon t,:, Aete t„ , rolil% with all rn•quirrmrnls of law with respect
<br />to the mortgaged premises and the use thereof
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