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<br />THE MORTGAGOR FURTHER COVENANTS AND AGREES:
<br />That the Mortgagor wilt pay the indehtednress as herPinbeiom pravided:~~3 ~~' .' k f , t ,--> }.` -~
<br />- t..s .%.+.. ^r -~.
<br />-T ha lie -~iorgagnr is the dwner -of -said property in £ee simple and has good right-and lawfaf authority ko self ante
<br />convey the same excel tftatthe:sAme-is free at~d-clear of any Tien az encumbrance; and that Mortgagor will warrant and defend-tlte
<br />title to said premises agaiiast_fhe-¢lsims of al! persons whomsoever.
<br />fio pay itrimediatefy~when due and. payable ail general lazes, -special taxes. special assessments, water etiarges, sewer sere-
<br />ice charges, and~other taxes :and cliarges~agairist said property, and all-!axes levied nn the dr'-bt secured hereby, and [o furnish the
<br />Mortgagee, typanzequest,.with the-original or duplicate receipts Eherefnr. The -Mortgagor agrees that there-shaft be added fo
<br />~~ each monthly payriteritrequired hereunder ar under the evidence of debt secured hereby an amount estimated by the Rortgagee
<br />~ to be sufficient to enahie the Mor#gagee to. pay, as they become due, all taxes. assessments, and similar charges upon the prem-
<br />ices subject there~r; ,any, deficiency because _nf the insufficiency of such addtt:,nai payments shall be forthwith deposited by. the
<br />.~~ Mortgagor with the-Mortgagee upon. demand by the Mortgagee. Acy default under this paragraph shall be deemed n default in
<br />~- payment of-taxr_s, assessments, vr~sirnilar charges required hereunder.
<br />Thr Mortgagor agrees that there shalt also be added to each monthly payment of principal and interest required here-
<br />(~r -under an amount estimated by the Martgagee to f>e sufficient to enable the Mortgagee to pay, as it becomes due, the insurance
<br />C`. premium an any insurance policy delivered to the Mortgagee. Any deftciency because of the insufficiency of such additional-pay
<br />meats shall be forthwith deposited by the Mortgagor with the Mortgagee upon demand 6y the Mortgagee. Any default ender this
<br />paragraph shall be deemed a default in the payment of in.urance premiums. If the policy or policies deposited.are suchas-home-
<br />owners or ail risk iwiicies, and the deposit= are insufficient hs pay the Entire premium, the Mortgagee may apply fhe.de}mstt to
<br />pay premiums on risks required to be insured by this mortgage.
<br />Payments made by the Mortgagor under the above paragraphs may, at the option o[ the Svfvrtgagee, be heidhy it and
<br />commingled wsih other such funds or its own funds fur the payment of such items, sort until sn applied, such payments are hereby
<br />pledged as seruri€y for the unpaid balance of the mortgage indebtedness.
<br />To procure, deliver in, and 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 expiration, aE any such policies, insuring against fire and other insurable
<br />]taYarda, casualties, and contingencies as the Mortgagee may re~uiae, in an atrwunt equal ±o the indebtedness seeur~ by thin
<br />Mortgage, and in wmpanies acceptable to the Mortgagee. with loss payable clause in favor of and in form acceptable to the ~lortga-
<br />gee. In the event any poluy is oat renewed nn or [?afore ten days of its expiration, the Mortgagee may procure insurance on the
<br />improvements, pay the premium therefor, and such sum st;al# ticcome immediately due and payable with interest at the rate set
<br />forth in said note until paid and shall be secured by thds mortgage. Failure an the part of the Mortgagor to furnish such renewals
<br />as are herein. required or €ailure to pay any sums advanced hereunder shelf, at the opfion of the Mortgagee, constitute a default
<br />under the terms of this mortgage. The delivery of such policies shall, in the event of default, constitute an assignment of the u:x-
<br />earned premium. _
<br />ry sums re.:eived by the ..".3crLgagee by .....,.,,.. of !oss o, ,_..,. ...^.sured agaiexst snag }~ r...airerl by the '~ivrf -- __ _
<br />and applied toward the payment of the debt hereby'secured, or, at the opfion of the Mortgagee, such sums either wholly or in
<br />- part may be paid over to the Mortgagor fu be used to repair such bulldings yr to build'new buildings in their place yr for any
<br />other purpoa~ or objxi satisfactory to the Martgagee: withvvf affecting the lien on tl:r- mortgage for the fu[F amount seen red here-
<br />by before such payment ever took place.
<br />To promptly repair, restore or rebuild any buildings or :mprovement= now yr hereafter on the premises which may be-
<br />come damaged or destroyed: to keep said premises in goad rnndition and repau sad free Pram any mechanic's lien or ether lien or
<br />claim of lien no! expressly suMrdinated to the Tien hereof; not to s-uf[er or permit any unlawful use of yr any nuisance to exist on
<br />said property oar to permit waste nn said premises, nor to dv any other act whereby the property he rehy conveyed shat! become
<br />less yaluahle, nor to diminish or impair its value by any act er omiss:ur. to act: to a+mp;y with aft requirements of taw with respect
<br />to the mortgaged premises and the use thereof.
<br />That should the premises or any pact Ehereof be taker ur ,tamagEYi by reason of any public improvement or condemnation
<br />prxeeding, or under the right r:f eminent dc;main.::r ir: an-- oihrr Tar:n..r. L`ne liartgagee shah be coil#led in all cnmpensatians,
<br />awards, and any other payment or relief therefor. and shalt he entitled, at its option, to ratnmence, appear in and prosecute in its
<br />owtt name any action or proceeding, or to make any compromise ur :ettfemenf fn ecmnection with such taking or damage. All sash
<br />compervsatian, awards, damages, riglxt o[ action and proceeds are hereby assigned to the Mortgagee, who may, after deducting
<br />.__ - _... } ; r.•f eo .,'I iti_n ~ .jy.-r„< v mom--..., „-:{ i,. r - .z< .-amr un any indrbtednrcz .ecured hereby. The $lnri-
<br />gagor agrees to execute such further assigs_~tentsrof any rnmSrr!nsatxrn`a'warris. damages, and rights of action and ryrot;eeds as the -
<br />Mortgngee may requite. - . _~
<br />That in case of failure to perform say of the mverants herein. the 'Mortgagee may rio on the Mortgagor's behalf everything
<br />so covenanted; 'that the Mortgagee may also da any act it may deem necessarc to protect :` lien thereat: that the Mortgagor wi1T -. -.
<br />repay upon demand any T.oneys paid nr disbursed be [ire ,lortgagee fur any of the above puzposes, ar!d such moneys higether with ~-` -
<br />interest thereon at the rate provided in said note shall k,ec:.:mr su much additional indebtedness hereby ;r•cured and may he in-
<br />- eluded in any decree foreclosing this mortgage and F-,e t>aid nut of Lfie rents or prnceeds. of sale of said premises if not otherwise='
<br />paid; that it shelf not be ob€igatory upon the ?vinrtgagee to inquire into the validity of any Sian, encumbrances.~or clairtt in ad-
<br />vancing moneys as above authorized, but nothing herein erntained shaft tx- con=_trLed as ,-«~ptiring the Mortgagee t=~ adva roe soy ..:.
<br />moneys for any such purpose nor to dv any act hereunder; and the: \f<; r?;;ogee shall not incur eery perinea! liablity t>F:cause of any-
<br />_ thing it may do or omit !o do hereunder-
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<br />do the event of the, default by Mortgagar in the payment of any installment, as required by the Nofe secured. hereby. ors
<br />in the perfarmarzce v{ the obligation in this mortgage or in the Hate secured thereby, the Mortgagee shaft be omit}eel to declare the ~., -
<br />deht secured 1=etaby due and pay~l=le 4vith©ut notice, and,the.Moztgagee ~ctrall be enkitPed ak eta option, without entice, eitfter by itself
<br />- or try a receiver to be appointed by the court thereof, and wiEhnul regard to the adequacy of any security for the indebtedness se-
<br />- e:z[ed-hamby., to:entgr. apn[nand take. _pixgttes'sion of.the mortgaged peemises, oral-to collect arid.reeeive Eire cents, rues scut profits
<br />#hereoT, and apply the same, less costs of operatiut: and collection. upon the indebtedness secured by this- mr tgage; -said r:-rts.
<br />issues and profts lxirsg heretry assigned to the Mortgagee as further securik}' for the payment of a## indebtedness <r~cur v# hereby.
<br />The Martgagee siiaii hares file pororer-to aEipolnt anyr agetiE 6r agents it strap desire for the purpose .of reparrtn$ ~aed ptatn-
<br />ises; renting thr> same: collecting the rents, revenues and inccune, and it may pay out of said inrnme aft expens = rnturred m rent-
<br />ing and managing the same and. oI collecting the rentals *_hereirom. The balarite remaining, if any, sha#i he applted Wward the
<br />discharge of -the martr~sge-- iniletYedness, 'Fl,is. assignment is, fo- tarsnitrate and. become nui2 and void upon release of this martgsge.
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