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<br />THE MORTGAf;OR FURTHER COVENANT; ANB AGREES:
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<br />That the Mortgagor will pay the 'indebtedness as hereinbeiore provided. -..
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<br />That the lvYortgsgor is the owner'isf said property 3n-fee simple and haa'~good-right and lawful authority to salt and
<br />convey the wine and that-the samc:'is free and clear of any tiers-or eritvmbrance; and That Mortgagor will warrant and defend the
<br />title to said premises aga;.~--tl~. c.ai~i:s of a!} peraans wha?nsueaer.
<br />Ta pay immedistely when-due and; payable a!I general taxes;speciat taxes, special assascments, water charges, sewer serv-
<br />ice char es; and u-u`crr lanes uuu ..na. - ` - ' -^-'^^°~' '~h p-tua~ [eviod an the del>t secured hereby, and to furriisit tits -
<br />g_.- K~~~arnos .m,.. r~>xn-
<br />Mortgagee. upaa.-r?quest; with tae-original- cr -duplicate reeapCs =hereforvThe 141artgagar agrees that there shad] be added fa
<br />each monthly payment-required hereunder ar under the evidence of debt secured herehy an amount estimated by the Mortgagee
<br />to be sufficient to enable the Mortgagee to pay, as• they become due, all taxes, assessments, and similar charges upon the prem-
<br />ises subject thereto; a_ny deficiency _i>erause of the insufficiency of sash additional payment _~shall be forthwith depositzd by the
<br />~°a> Mortgagor with the:M'oitgagee upon. demand 6y the Mortgagee. Any default under this paragraph shatl.he deemed a default in
<br />payment cif taszs, assessirienfs, ar similarcharges rzriuireci hereunder-
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<br />'Phe ittartgagur ag: ees tha# ttcere shall also he added to .each monthly payment of principaland interest required here-
<br />under ar, ancatmt estimated by iht: Mortgagee to he sufficient to enable tk+a Mortgagee to pay, as it -becomes ~tne, the insurance
<br />«- premiur« an any insu rarce policy deiiverzd to the Mortgagee. P_ny deficiency because of the insufficiency of such- additional. pay-;
<br />- meets shall be forthwith deposited by the Mortgagor with the Mortgagee upon demand by the Mortgagee. Any default under this
<br />t paragraph shell be deemed a default in the payment of insurance .premiums. Ff the policy ar policies deposited. are such as hame-
<br />~ owners or all risk poiieizs, and the depasita are insufi~icient to pay the entire premium, the btoFtgagez cling apply fJ•ie deposit to
<br />pay premiums on risks required to he insured by this mortgage.
<br />Payments made by the Mortgagor under the shave paragraphs may, at the option o[ the Mortgagee, Ix hztd~by it and
<br />commingled with other wch funds ar its own funds for the payment of such items, and until so applied, such p ~yments are hereby
<br />pledged as security far the unpaid balance of the mortgage indebtedness. -
<br />To precuts, deliver to, and maintain far the benefit of the Mortgagee during the life of this mortgage original policies and
<br />renewals thereof. delivered at leant ten days before thz expiration of any such policies, insuring against fire and other insurable
<br />hazards, casualties, and rnntingzncies as the Io-foetgagee may regaire, in an amount equal W the indebtedness secured by this
<br />Mortgage, and in companies acceptable to the.: Mortgagee, with lass payable clause in favor of and in form acceptable to the Stortga-
<br />gee. la the event any policy is not renewed on or before ten days of its expiration. the Mortgages- may !; rotate insurance on the
<br />improvements, pay the premium therefor, and such sum shalt i>ecome immediately due and payable with interest at the rate set
<br />forth in said Hate anti{ paid and shall tx secured t?y this mortgage. Failure on the part cf the M1iortgagor to furnish such mnawals
<br />as axe herein required or failure to pay any sums advancaci hrrrnnder shat], at the option of the Mortgagee, t~atnstitute a de€auit
<br />under the terms of this mortgage- Thz dz!iverv of such policies <hab, ~n the scent of default, constitute an assignmznE of the un-
<br />earned premium.
<br />Any sums received by the Mortgagee by rea5vn ,rf 1-mss or damage is-sated against may he retained by the Mortgagee
<br />and applied toward the payment of the debt herehy ::~cure<i, cr, ai ?hz option of the Mortgagee. such sums either wtcally ar. in
<br />~~ *^ ~ ;-,e paid aver n thv Mortgagor tr. FF,a c sed t., e-epaar s_ -., huilriin~U= ? to build'new buildings is their place or r^= any
<br />pa.... - -.. _ __- -- - __ -
<br />atleer purpose or object ssiisfacton to fhz IGtur*.gagee withc;er*._ of?ecting the ben on fhe mortgagz for the full amount secured here-
<br />by before such payment .•ver twk placo.
<br />To promptly repair, restore ~ ~ '- -' ~°""°'°' ^^ 'tf=e ^*°"";-'°° which may be-
<br />ar rebuild ary buildings or im-roveme:.~s sa-n u. ..:-__-._. ___ _ -_ -~
<br />ecme damaged or desiroye:.l; to keep said premises in goer( condition and repair and free from any mechanre's lien or other ben ar
<br />claim of lien oaf expressly suborrfinated to the lien hereof; not La suffer or permit any unlawful use of or any nuisance to exist on
<br />satd property nor to permit waste an said premisi~. n.,r to dc= arty ocher act whereby the property hereby .,^anveycd shalt be<:ome
<br />Less valuable, nor to diminish or impair it_s value b any act or r:rr.ission to arr. to cnmph with slt requirements of law with respect
<br />to the mortgaged premises and the use thereof.
<br />Tl;at sh auld ilia premises ar any part thereof be taken or damaged by reason of any public improvement or condemnation
<br />proceeding. or under the right of eminent domain, or in any other manner, the \4ortgagee shall be entitled to all compensations,
<br />awards, and any ether payment or relief therefor, and stra!1 tae entitled. at its option, to commence, appear in and prrgecute (nits
<br />nw.. --a. e ans• action ~>. nro: ceding, or to make any compromise or seftlement in cenneetian with such taking-ar damage. Ali such
<br />compensation, awards, damages, right of actron and prvati>ect are hereby assigned *.o the Mortgagee, who cons, after deductirsg
<br />therefrom alt its expenses, release soy moneys so rer-eived by it ar apply the same on any indebtedness securest-hereby.Ttre Mort-
<br />gagor agrees to-execute such further assignments of any campensatrnr,. awards. damages, amt rights-of aefiot+ acid-~piroce~eds_as the
<br />Mortgagee may require. - ~ - -
<br />That in case of failure to perfc:rm any r.,f the covenant herein. the ]tort gages may do on the Mortgagor's hehali zven•thing
<br />so covenanted: tha# the <,rtgagze may- a. - .z= ens act iz r: rl=•em n.-e<sary is Protect th,e [ten thereof; that the 'Yiortgagar wfil
<br />repay upon demand any moneys paid cr •di.burszcl by fhv `,t-ortgags=c• far any of fhe above purposes: and such moneys tage#tier with .~
<br />interest thereon at the rate provided in said note shalt became so much additional indebtedness hereby secured and may. he in-
<br />clude=d in any decree forzdasir~ this mrrtg,age and F,r~ paid nut of the rents ar prrx-eeds of sale of said ptemix7es -if--`hot -otlierwitse ;~ paid; That rt shall oat }x. c•bl,iga#ory up<n the '~f crtexgN^ t=.r ±nq*.ure :nf~~ lice validity- of any lien, encurnhrances, or claim in ad- ,
<br />vancing moseys as ahcn•e authorized. nu? not h; nz' lu~rf contained shat[ Ix• can trued as requiring the Mortgagee to advance any t~""
<br />moreys for any such purlrrse nor isr da any net ter reurufer-. and that ':1to: igagef shall not incur any persona( Stability because of any-
<br />#hing it may da ar omit Ea da hereunder. - -
<br />In the even4 of the default by Mortgagor in the payment of env installment, as requirzd }>y the Note serurzd~hereby, _or
<br />in the performance 7# the ahligation in thin mortgage or in the note secured tiiere6y, the Mortgagee shah be entitted_Yn declare: fhe -~
<br />debt secured hemby due and payable without notice, and the ivivrtgagee sha}I-ire entitled ai its option, withcutnotice, eitdver.by itseit - .
<br />or by a receiver le bF~ apprsinzzri by the court thereof, and witfiout rega:-rl fo the adequacy of any securiii~-f+,r th,• indehtrrineas ec
<br />curwl hereby, to enter upon and lake pnskzss'ian-cif the-mortgaged premises, and to caliect and receive the teats, issues and profits
<br />thereof, and apply the same„less casts of oi>erafian anti c~liection:-upon the indeiitadnesc secured by this mortgage.; said rents,
<br />-issues and profile being hereby as.~gned to the ~vfiortgagee as further-security-t`qr the payment of all indebtedness secured hereby. -~-
<br />- This Mortgagee shall have the power LO appoiiitany agent-ar Sgen#s it uisy desire :for rise Purpcrae of repairing said ~ireai-
<br />ises; resting the same: edilecting Lhe rents, revenues and ihcoine, and it mix pay~_utrt of-said ineottte ail. expetases.iractttred iti':teitt-
<br />ing and managing the same and of collecting tliz rentals therefrom. The-taatance remaining. if any. shah hr apps"red toward the
<br />discharge of-the mortgage ipdeb#edriess.. This.aseignrnent is ic,.totminate and.ttecome nulE and void upon release of this mortgage.
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