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<br /> •l`t-fE MOFt.-t'GAXOR FURTHER C OVENA1v7.'S AND .AGREES:
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<br /> ,at tlK• 030 #.Nwncrr lolls pa•; the indebtMne:.is its here.iniwforr, preyaided.
<br /> That the, Nlortgaxor is the c~ vner of iwid property in fee ,timple and has good right and lawful authority to sell and
<br /> zvi-vey °hr sa-rrr a»d that the mane is free and clear of any lien or enf'rrnbranoe: and that Mortgagor will warrant and de!end the
<br /> title to "id ,:.remiltfir boot Ohe rlai ns *.d all persons Whomsoever.
<br /> ' w f.;r ftre~ it ia?~«•d;ate ly whrn due. Yiar:i pay-lible all
<br /> general tt:ites, special taxes, rpPrial asnen.sments, water charge s, sear, Derv.
<br /> ice i lu+.rp: -e. s+n,! vuher tat,c-a end charge,; -i;sinV "aid property, ani all taxes levi+wd on the debt ucured hereby, anti to furnish the
<br /> ti4 ?rtka,;e•. :;;ern rr~:ttte t. -its the Otginal or duplicate rwcv iptc t!w•rrfnr The Mortgagor agrees that there %hall be added to
<br /> rRr!t r. I:ly 9ytnent rr,urrrd iii-tr-urlder •,r ureter the f,vidence of debt twcurrrl hereby an aniovhl estimated iiy the .Mortgagee
<br /> To ie saffi,:etit U, Fnab!. the Nfartgavrr trs tray, us they brcceanf due, all tttxrq, avws,%ments, and similar charp:-c upon the. prem-
<br /> i i:nrrl s+itree; tt,,retre any d ficienry bt•caunY of *ho ir;rufftreencv of %uch additional payments shall he+t forthwith deposited by the.
<br /> wi in ;,cos xlth it%,• t' ilre•e uj,-11 drrriynd by th. Vortgagri^ Any default unetPr thi-i paragraph shall he eleernrd a default in
<br /> G) payment o¢ tyx", rs s~rnr,it=; or similar charr.•a required herrunder
<br /> I h~ . <r,wtt ar ;r a, ;e t•5 that there shall a!,,o b.• aa.lded to each rn(,nthly payment of prinrif:al anti interest re•quirr.f here.
<br /> '.in,fe•;r a+n 4sttlew,11 esun-mt-i lay ttrr Mortgar" to x , flici: nt to enable the. Mortgagee to pay, as it becomes due, they tnSUrance
<br /> pre-ni;:+t: or+ any it+zura+ru.• policy dehvere•a to the !V.ortgap-o, A.ny de•Trcir•ney becruw of the insufficiency of such additional pay.
<br /> r7ont6 O'aill 1u. forthwith derp-itod by the. "lort,K-.r,gor with the MortFng-e urinn demand by the Mortgagee Any default under this
<br /> fiver-irrn;lli Toni: fw r!errr„•e' a rir•fault 1t-, the, vavmertt of inwumnce jrr,miiims If the pc+licy or fx,licies deposited are such a4 F*, mr•-
<br /> rrw•nRr% if rl! ri»r t w l%t`iaa, rind the derx)'itr. are inst:l'icient to pay the, ,ntire premium, the Mortgagor may apply th;e depn4rt to
<br /> ftay prt,mium% on riskic regliirµd to be inure-t: by 'him morigage,
<br /> l's+ ttev,te road(- by the Mnrfgaror under f!te ,91wwe paragrapt;r may. at the oplinn of the Mortgagee, be held by it and
<br /> e: •-~rrr7; z. *:c1•c'. t,;O: other ++itt.h funds or its oKn tiro,':; for the, payment of such items, anti until 4, appi.ie•i:, such payments tire heruh.v
<br /> pl*N,rr-ti e1i+, ±ee•ur+ty for thr unpaid ',glance of tile. inorttage indebte-3nexn.
<br /> '1"+e ;,rcx-vre, to and maintain for the heentrfit of the mortgagee during the life of lhix mortgage original poliries and
<br /> tear 4ai< 'l..^rtY,.r de!!-r-d at bast tell days hrfr>te the arf>irati:•n of any such rx.licit~ , insuring against fire and, (other insurahk-
<br /> har:crri,• ; ssvfines, and contingent-i" as the %Jortgagee may rijuire, ir, an amount equal to th« indebtedness tucured by this
<br /> Nlortp%ire, and in :,+rniranir. rerce;,i thin to the Vcirtgagee, -ith lo:+s payable clauP,e in favor of and in fora' acceptable to the \lortga-
<br /> 4et-- L: tt r• rve••nt an;: licV not rrner•wvd on or L-?Jorv ten da%% of its expiration, the ?`Mortgagee may procure 1ll,kjF3.lre0rl tile
<br /> toll, e^n, .+tr, pay the pr.-rnrun: there£cr, and slash •;um shall ht,c+x•ae irnineeiately due and payable with interest at the r&ie it-t
<br /> r sr*f: i^ Mali: note untii , oo! and sl)all I-w- --urrd by till, martraRr Fai:ure on the part of the Mortgagor to furnish such renewals
<br /> )ta ar, !wr ,irt rtaquircKf „r failure to tiay any sumr.:idvanced hore'under shall,' at the option of the Mortgagee. constitute a default
<br /> and r 'tF,r terr-t of thew rnorta:aa[P. Th.- delrvet'; of sorb )licies shall. in t'1P event of default, constitute a.n assignment cif tile un.
<br /> ~•lirnrrl prrmilarn...
<br /> Any. moth rei,vi%ed by the NfS )rtkagee by rraw.in of koss or dvrnage .iniUred against may be retaine•,.i by the `iortgagee,
<br /> And applied toward tht, Va.. tnt of :he debt hereby secured, or, at the option of the Mortgagee, such si: ns either wholly or in
<br /> mart may b+ paid over to the Mortfrat;nr to tie, u14ed to rrfaair such buildings or to build'new buildings it;, their place or for any
<br /> other frurpi t or Object satisfactory to the Mortgag" without aftelrting the lien on the mortgage for the full amount secured here,
<br /> by bef»rr such payment ev:tr took placr-
<br /> U frrexnptly repair, re•,tore- or rrbuild. any truilding% or impmvements now- or hereafter on the lrrrmises which may be.
<br /> Clare damaged nr drstroved to keep said premises in good condition and repair and free from any rnechanic's lien or other lien or
<br /> 6iiiim of lira nart eexpre-,Wy sulenrelinated to the, lien hereof: not its s+.jPt,•r or permit any unlawful usma of or any nuisance to exist on
<br /> "id pri perty nar to pernut +•a3te on avid premises, racer to do any wher act whey-by the property hereby conveyed shall become
<br /> 1".^ veluattle, nor to diminish or impair its value by any act or omissiion to act; to comply with all requirements cif law with respect
<br /> to the mortgage-d prami.~ r.nd the use thereof.
<br /> That should the iremi%frs or any part thereof be taken ar tlantagt J by reason of any public improvement or condemnation
<br /> procrewling, or under the right of eminent domain, or in any other manner, the ;Mortgagee shal! be entitled to all compensatioro.
<br /> ,awards, and any other ray rnent or relief therefor, and shall be- entitled, at its option, to commence. appear in and proeecute in its
<br /> awry 177irne tiny action ar' proceeding, or to make any comprornisee or settlement in connection with such taking or damage- All such
<br /> compensation. *-xMp, damages, right of action and proceeds are herrhy aizignecl to the Mortgagee. who 'nay, after deducting
<br /> Qwrefrurn all its expense release any moneys so received by :t or apply the same on any indebtedness secured hemby. The Mort-
<br /> gagor agars to execute such further a-mignmenta: of, any torn peia*atton. awards. damages: and rights, of action and proceeds as the e
<br /> Mort.ga;tre' rtmay' require,
<br /> That in ewe of failure to perform any a the Covenants herein, the Mortgagee tray do on the Mortgagor's behalf everything .Y
<br /> 30 c!+wrnanted; that tits :Mortgagee may alrrrr.do any ae; it n3ay deem netrasary to protect the lien thereof: that the Mortgagor will
<br /> repay span demand any moneys paid 0r disbursed by the Mortgagee for any of the aben•e purposes, and such !rnoneyri together with
<br /> interest 0iereon at the rate provided in said note shall become so much additional indebted,.-sry hereby secured and may be in.
<br /> cluded in any decree foreclosing this mortgage sM be paid out of the rents or proceeds of teal!. of said prerriis,es if not otherwise
<br /> paid; that it "I riot be obligatory upon the MortM-*-* to inquire into the validity of any lien, encumbrances, or claim in ad.
<br /> Vilineiqc moneys as above authorized, but nothing herein contained shall be construed as requiring. the Mortgagee to advance any
<br /> monryx 'ter mu y such purpose nor to do any act hereunder; and that Mortgagees shall not incur any personal liability because of any-
<br /> thing it may do or a+nit to do hereunder.
<br /> Ira the event of the default by Mortgagor in the payment of any installment, as required by the Date secured hereby, or
<br /> in tine performoncr of the obl4sition in this mortgage nr ire the note secured thereby, the Mortgagee shall be entitled to rlaclare the
<br /> debt w-cured hereby due and payable without notice, and the !Mortgagee sleali be entitled at its option, without notice, either by itself
<br /> or by 'a receiver to be appointed by the court thereof, and without regard to the adequacy of any xecurity for the indebtedness se•
<br /> cured :hereby. t,q enter~aport and tulle posbem616n4 the. mmizaged prernines. and to collect and receive the rents, issues and profits
<br /> thermal. I" apfa..Y th isMprre; Mesa earttr of Operation:tnd colkNodon,t upon' the indebtedness; secured by this mort oge: said rents,
<br /> issues, isiid proNts11;vi rjf+ere~Fa_ mod ice thr'Idetkij tit get further security for the Payment of all indebtedness "cured hereby,
<br /> 11-.P Mortgagee ,hall have the power to appoint any agent or ageniis it niay.desire for the purpose of repairing said perm-
<br /> ise:u; rtrating tine t:arne: coliecting the rants, revenues and iracome,,and it may pay out of Paid income all experts" incurred in rent.
<br /> ,rig and mariaging the asant tint of C'OM-cting the rentals therirfrom. 7%e balarnx remaining, if any, shall be applied toward the
<br /> drachar" of the mortgage indebtednnw This !saixtmi ni ix ,w terminate and biome null and void upon releaser of this mortgage.
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