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<br />TkfE MOR't'GACOR FtIRTI~ER COVENANTS AND AGREES:; °-; _ , t
<br />That. the Mortgagee will pay the indebtedness as hereinhetore: provided. ~ -
<br />That the 2ortgagor is the ~dwner of said property in fee simple artd-Hasgocd•-tight and lawful autharity to sedi and -
<br />convey the same and that the same Ia-irze and-clear of anp-Uen ar encirmHrance; and that-Mortgagor ieili warrant and defend-the
<br />title to said -prertiise~ against the cFaims..uf elf Itf'r~Lis :xehomsne.:et_
<br />Tr, pay irtured:a#°fy ~Ixe -, rfve aE .', pay nt,,R I'r grxa,.rui_ iatea, sFr~tcciat faxes, s~iaf assessn.ents< water c arses, sew-r sere- ~ -
<br />sce charges, and .tstaer wxe-.f~ ar urges At,,,--'- - d pacp~- ; ~ i3 -+.sxss 3d=.e,,,:. „ the, rfs•hx c..cn red hereby. anit't'a furhisff .ltie ..
<br />Mortgagee, upon.-request, with- the-origirsl ~:~r _duttlieate- ii exp s_ th'c-refor..Th< ~Scrtwal;r. agrees that there shall -Ht-.added icx -
<br />'~ each monthly payrnenf required hereunder c>r iFnder the evidence erf debt secured hereby an amr;unt estimated by t_~Mcxrtgagee
<br />FR "ne 9n1"fdpenL tD C xt.tr .tyre. ete.Fage i t ay, a~ _. ~ r a .ti e< -un f~nvaa a_._ ant. an,{ ymktRF +'}t~rgL+S tl~ri.tlJ_2 pIL'j'It- -.-....
<br />;~1P 3ses subject thereto ~. any deficiency 2ierat;se of the insu;fici~xecyof such additional p5 x•ments shalt },o forthwith deposited-Ky the
<br />-~ ?-+(nr%.gagor ~:~ith the Mort-exec upn r. demanr; by the hfcrtgagea. Ary ,rtau{t :miler *hi, F..rngrrknh shalt t,e d:-t•med a default in
<br />.--,~ papmPnt of-taxes, a;z-=.sstrxents, :r*-similar r_harges required hereunder. - - -
<br />- ^"r The I4lartgagor agrees that fiaere shah also txe added to earh monthly paymcr:t rtf principal and interest required hete-
<br />:nc~e- -xa am<,un:. estimated by ti;e 'tilar'a fa h- a'r .± :•, enable th.. \2nrt ag t t,av at it M x .- s- t6 - - c_
<br />p .r-earn c*n any insurance popsy delivered tx the '13ortgagc An+• de'actrn } her.au r the -,n<utfict _nty t -ach additrc~nal-payer
<br />me r5 shalt be' fr+rttewifh de, ^-sited by the Murtyagr,r vifh if ~ 13ort.gar,t uFn>„ rt ma,:r :?} -hr- fLlvrft,a ~. Any }c-fault vn lcr this
<br />par graryh ahaif ire d=•Pmed a default in the f>ayment nt in=urance pzetnrumF If the pnhry rr palrr:es dtoited are sartr.,, rtcrm=--
<br />awrers or al( risk r>licies. and the deposit: are insutlirient to pay the entire premium, the :t5ortgagee may apply the deposit to
<br />pay ryremiums rn risks required to he insured ts,: Phis moriKage..
<br />- Faymenis made by the t4urtgagor under t}xc. atwve Fraragraphs ?nay, of fhe option of the Mortgagee, he he{ri-b}• it and
<br />ccirnnxir,gled with other such funds nr its awn funds f .r the payment of-such items, amt unttt so applied, such ryayments are hereby
<br />-` pier€ged as 5eeurity for the unpaid halant~e cif the mortgage indebtednes. -
<br />'S'ci procure, defrver t,:, and maintain for tF:e benefit <,, „:e ?,3ortgagee during the- 3iie of t;ris mortgage n_riginaf F;oficies and
<br />- rynewzls ther2cst, deiiver•d at teat ten days !;=-fcr.~ rt,r rz;,i ration e .,ny such F>oiieies, insuring against fire and other insuraf>le
<br />hazards, casualties, and contingencies as the Blortgagee may require, in an amount equal to Ehe indebtedness secured by this
<br />- niarfgage, and in cnmpani~s acceptable 'a the i;`;ort;;agee..viih i .,: ryas:+e3c- t~ia 3~c in ~:-ar :af and i.. -.-.:±e accr..+,.ahle to the Atortea-
<br />gee, In the event any policy is not renewed on or before fen r_t,s of rr., expsratiun. rthe Mortgagee .map {irxure lnsuranre on Lhe
<br />i;rprovemen*s, pay the preminrn theref,r. and seep sum shall }~rume imme3iaf,_tY d_F< sad payable with intertsl at the rate set
<br />for Eh in said note anti: };aid and .bah Fte srcu ra-2 b}- t{its zn,~rigag+z. Failure en the part of the ?V€ertgag,•r is e`urnish such renewals
<br />as are beret n r~qur red or fail?; re to pay any sums advanr-ed hereunder shall, at fhe rp~ion a=" the 'vlnrtgagee, eansfitufe a dr.-fault -
<br />- nnder the terms of this mortgage, The <fel=~erv of such policies shaft, in fhe c-vent of default. constitute an a3cign:nent of fhe un-
<br />earned premium.
<br />:'Loy sums recei•-ed by the ?vlartgagee h_: reaso^ of kvs rr damage insured against may- !ye re{ai nod by the hloxtgagee -
<br />and applied toward the- pa}~ment ut the debt l;e,-eby secu r±"':. or. of 1{re option of the =f rrrt.gage>, srxch sum;: eith=r who;{y or. in
<br />. part may be paid aver fe the .'.lartga„ur to x :iced t~, rope-r ;uch buifd;rtps nr t. ! vild'new huildir.„_ ;n tn_ir nface or far ary -
<br />nfher , urper,e nt ab}erf satisfattcry to the :v1r•rrg3t., r - ~i:i:; - `frytin,- he Ie^. - '~ ,.,a gaga fr.r the fui; amount secured here- -
<br />hy hefare such payment ever ttwk place.
<br />- To promptty repair, restore <:r re}>uikl any F,uifding yr ixrprnvements now or hereafter an fhe {;remises which may he-
<br />_ cum- dsznar;cd ar destroyer : to keep said F,.-rmi.e.s in gtr.>•:: condition and rc--Pair anti free irern any mechanic's hen ar other lien ^.
<br />ciairn of lien not expressly sutwrdinated to tF.e tiro ;^,erc.ot: nrf fn =ult.=r ~,r „ zmit :.nw~ uniaw-ful use of or any nuisance to exist on
<br />said praperty nor to permit waste on said premises, nor tv do any other act whereby the property hereby ronvcyed shal3 become
<br />less valuable. nor to diminish er inxpair iL value by ant. act or nm,ission tt. act'. tr, cc:m}:;}- ev{tfx af[ requirement; of taw with respect
<br />to The morfgaged premises and The use Thereof.
<br />That shauld fhe {»'emises ur ary part tirereaf oe~ taken ..r <famayeri try r<ra.or, r•f an•. pubfir improvement or condemnation
<br />prac~ing, ar under fhe right of eminent riarnain, o, r, an} rrt i+er man re r. the ..",1r:rigagee- ~hafl be entitf eri to ati compe nsaLons,
<br />'. awards, and any other payment ca re3ief the-refer. and shall be entitled, at its aptian. to commence, appear in anti prcxsecute-in its
<br />awn name any action or Fxroceedir:g, or to make any comprarr,ise ar settlement in cvnnecfinn wifh such taking ur deznage.:\33 such
<br />crmxpensation, awards, damages, right of action and prxeeds are hereby a=signed to the Mortgagee,- who- map- after. deducting
<br />- tixerefrom.dii its expenses, release any moneys so received'oy it or apply fhe same on-any indebtedness secured hereby:.T'ne Mort-
<br />gagor agrees tc> execute such further assignments of any rnmpensatuxn, awanis, damages, and rights of action anr2 proceeris as the
<br />Mortgagee may require.
<br />THst, in case of failure to perform any of the cup:errant-s herein. the }.lartgagee may der nn the ft4orLgagor's iwhalf even~thing
<br />so covenanted; that the Mortgagee may also .'a any act it may- deem necessary to protect the Tien thereof; tlxal the Mortgagor wil3 ,~~
<br />repay upon demand any moneys paid or disburser! by the Mortgagee for any of the abokr purposes. and such moneys fagettier with
<br />interest tHereon at the rate provided .n said note shall became sn xruch additional indebfetiness hereby secured and may he in- _„
<br />eluded in any decree torecfosing this mvrtgage and be {raid out :st the rents or eroceeds-af safe of-said-premitfs if not otnenvise
<br />paid; that it shat} not be obligatory ufwn the Mnrig:agee to inquire into the validity of any titan, encumbrances, ar claim in ad-"~"
<br />vancing moneys as above auihorizeai, but notHing fferein rontained shall be construed as requiring the Mortgagee tv advance any
<br />rergaeys for any such-purpose nor to do any act hereunder: and that Mortgagee shat! net incur any persorxal liability trecause of any- -._
<br />thir-g it may da or omitto do hereunder.
<br />Fn the event of the defanit by MvrLgagur in the Fraymcnt at any instatiment, as required by fhe Nate secured Herefs}*, oe -
<br />in the performance of the abligatian in this mortgage cr ir. 1He note secv rr~d thereby, the fYtorfgagee shall be entitled to declare the- ®_
<br />debt secured Lereby. due.and payable w:YHaut notice,_ and the hiar tgagee shaft be ent.itFed-at its option. without notice, either Hy iiselt -
<br />tit: by a receiver to Fee appointed by the court thereof, and withairt zegard to the adequacy of any security fur the inde$teditess se-
<br />emed. Hereby, _to enter upon and-take pds~ession~ of the mcirtgaged premises, and tit coftectarid receive the. rents,-issui~s aril profits
<br />thereof, and-apply the-sarrie, less casts of o}ieration and cotl:tr_tian, upon the -indebtedness secured-~Hy this mortgage; saidrents;
<br />rues and profits He-sng hereby assigned tathe Mortgagee as further security for the payment-af elf indebtedness secured hereby -
<br />The Mortgagee shah have the paver to appoint-any agent ar agents it rxay desire far the purpose of repairing said prem-
<br />iss: renting the-ssnLe; olleeting; #He rents. revenues and ineapxe,.and it :nay.px,~ flat of said income aft expenses_incurrcd in rent-
<br />ing_and rnanagiiig_:the same-and of callestfng -fhe rentals -therefrom.-THe iraiance remaining. `rE~--any, stfall he-applied Inward khe
<br />dit+eHarge of -the mortgage indebtedness-.This asaigrtment is to terrriinate and become nu;t and void upon release of tHis mortgage.
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