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<br />`' TI•fE MORTGAGOR FURTHER COVENANTS AND AGREE ~: '
<br />That the Mortgagor will pay the indebtedness as-hereini~efore. provided. -
<br />(. ~ That the Mortgagor is the owner of said property in fee simple and has goad right and lawful authority--to sell and'
<br />k; _ convey the same artd.#hat the same, :s free:and Blear of any lien or--eneumhrante; and that Mortgagor wilt wairant and defend -the
<br />title to said premises against the claims of all persons whoriraaever-
<br />To pry immediately when due and payahte al} genera! taxes,-.special taxes, apecinl as_se ssments, water charges, sewer sere-
<br />. ice charges, and other taxes and charges against swirl property, and all taxes levitd an the debt secured hereby, and to tarnish the
<br />Mcrtgagee, upon .request, wtith the nfiginat ar duplicate receipts therefor. The ltnrt.gsgor agrees [hat Eherc- shall he srldecl to
<br />w ~ each monthly payment required hereunder or under the evidence of debt secured hereby an amount estimated by the Mortgagee
<br />6 ~ to he sufficierit-- to enable the Mortgagee to pay, a, they beccmr due- aU taxes, assessments, and similar chsrge-? upon the prem-
<br />a
<br />r°"f lees serbject therein; and tiefteiency because of fhe in:ufFiciency ~f such additional paymeriL shat) be forthwith dept>taited by the
<br />bfortgagnr with the Mortgagee upon demand by the Mortgagee. Any default under this paragraph shall he rlremed a rle[ault in
<br />t ~ payment of taxes, assessments, nr similar charges required hera•under-
<br />«a
<br />The Mortgagor agrees that there shall also be added fo each monthly payment of , rinripal and interest required here-
<br />, ~ weeder an amount estimated by the :Mortgagee tc be safficienf to erahte the Alr.rlgagse Ir. pav. as rt becomes due. Lhe msu ranee
<br />,~ premium on any insu ranee policy delivered to the Rortgagee. Ary deficiency hecausc• u( the insufficiency of such additional pay-
<br />. meets shall fee Fsrthwith deposited by the Mortgagor with the lvfortgagze upon Bernard be the *4otgagee. Any ~defairlt under ?his
<br />paragraph shalt hz dee•med a default in the payment of ~asu ranee premiums. if the tx>ticy cr pn[icies deposited are-such as hvmc-
<br />awnars ar a}I risk paticies, and the depcsiis are insutfieierd to nay the= retie+~ pr;•mmm. the ~4ortgagee may apply fhe deposit tea
<br />pay premiums nn risks required to kre insured by this mortgage.
<br />Payments made by the 'viurtgagor under the above paragraphs may. of the option of ChB ll4ortgagee, be held by it and
<br />commingled with other such funds nr its own funds far the payee Pn.*. of <urh i±vms. ant: unfit sn applied, such--paymientc are hereby
<br />ple;lgeri as security for the unpaid balance of the mortgage irdc btaalreas -
<br />To procure, deliver t==, and maintain fur the tx-refit of the Alurtgagee during the life of this mortgage original policies and
<br />renewals thereof, delivers-d at least ten days lxfure the expiration of any suoh puhcie=. insuring against Lire and other insurable
<br />hazards, casua}ties, and contingencies a_s the Mortgagor may require, in an amount equal fa the indebtedness secured by this
<br />lvfertgage, and in eomparries accepG-r hie to fhe Slortr;agee. wdtfe ins. payabi.• clause in favrv of and in form acceptable fo the Morfga-
<br />gee. In the event any policy rs nut renewrh-i an or ha•f•>r•• t. n ,ia~s of its expr ration. the Startgagee may procure insurance on the
<br />imprrn~ements, pay the premium therefor. and each sum sh,tl! IWe:>rr!e imme-diazely du.• wad payable with interest at the rate set
<br />forth in said nctx- until paid and ~hsll tx• -:ru r.Ki f,v this c:;=~reae:~..^a:lu r<~ ar. the- I=art of the ':tortgagor fa furnish such renewals
<br />as are herein requrrad nr fad¢rr in pal - r- ur-, rr;v . -...-, _.r,n !. .., s,_ .,, . f :he ~ ~r+~ r.t
<br />i_-.a c" -. uEe <tefarait
<br />under the terms of this mortgage i he -r - t: er_;' rx _c_ l_,:,., i. e,-,!'. .. _ti.. ~ .,_ ,e.`aul., r. n-..it ufr ::r, a.>stgnment rf the :..,
<br />earned premium.
<br />Any sums recr:ved by the Mortgagee by reasc:r, o. .r..c. ;,r damage insured against may he retaine<f by ~ -.furigagee
<br />anti applirsi toward the rrevment of the debt hereby secured, ar, at t're option of t}re Mortgagee, such sums Tither wholly or in
<br />pars may he paid over to the Mortgagor to bz used to repair such building; or to build new buildings iH Their Irlace ar for any
<br />atirer purpose r,r object -ya Eisfacinry to she ~lurtnagea ~.vithout attecitng the lien un. the mortgage for the foil amount =.ecurad here-
<br />by frefore such payment ever trxrk place.
<br />To promptly repair. restore ur rebuild any buildings r.r impra~:ements now ur hereafter on the premises which may he-
<br />eam< darnaged or destroyed; to keep said premises in goad condition and repair anti free from wry mechanic's lien ar other lien or
<br />claim of lien not expressly subordinated to the lien he:raf. sot. to suA,`er nr [rermit an>~ unlawful use of or any nuisance to exist on
<br />said pealx>rty ear to permit was[e on said premises, nor to de any other act when?by the property hereby conveyed shall become
<br />less v~uabie, nor to diminish or impair its voice by an}= wet or omission to act; to crmp!}' w-ith all requirements of }aw with respect
<br />to the mortgagedi premises and the use thereof.
<br />Thar should the premises ar any part thereof t><~ taken ar damaged by reav>n of any public improvement or condemnation
<br />pr<tceeding_ ar tinder the right of eminent dornair., ar in any other manner. the Mortgagee shalt be entitled to all rnmpensations,
<br />awards, and any other paymenf or relief therefor, and shall he antitted, at its option, to commence. appear in and prosecirfe in its
<br />own name way action ar proeeerling, or to make any compromise or settiemenf in connection with such Taking or damage. Ail such
<br />compensation, awards, damages, right of action and proceeds are hereby assigned to the Mortgagee, who may, after deducting
<br />therefrom ail its expenses, release any moneys so rec_ived Irv it or apply the same un any indebtedne~. secured hereby. The. Mort-
<br />gagor agrees in execute such further assignments of any compensation, awards- damages, and rights of action amt proceeds as the
<br />Mortgagee may re4trire-
<br />That in case of failure to perform any cf the covenants herein, the Mortgagee may do an tine Mortgagor's behalf everything
<br />so covenanted; that the 'tfortgagec may also do any act it may deem necessary to protect the lien thereof; that the Afnrtgagor will
<br />repay upon demand any moneys paid or disbursed by the Dortgagee for any of the above purposes, and such moneys tngetlier with
<br />interest thereon at the rate provided in said note shall become so much additional indebtedness hereby secured and Wray tin in-
<br />cluded in any decree toreclasing this mortgage and be paid out of the rent, ar p: rx Beds of sale of said premises it not otherwise
<br />paid; thaE it shall not be obligatory upon the Mortgagee io inquire into the validity of any lien. encumbrances. or claim in ad-
<br />vencitig moneys as alwve anfirorized, bvi nothing }rerein contained shalt be construed as rEquiring the Mortgagor to advance any
<br />moneys far any such purpose ear to da any act hereunder; and that Mortgagee shall not incur any personal liabilify hecattse of any-
<br />thing it msy do or omit to do hereunder.
<br />Fn the event of the default by Mortgagor in the payment of wry installment, as required by the Nate secured hereby, or
<br />in the performance a{ {he atrGgatian in this mortgage or in the note secured thereby. the Mortgagee shall Ere entitled Cn declare the
<br />debt secured hereby due and payable without notice. and the Mortgagee shall he entitled at its option, without Halite, either by itself
<br />. ar by a receiver to-be appointed,tiy the court thereat, and without regard to the adequacy of any security fvr the indebtedness se-
<br />_ cured hereby, to enter' upon and take p~§essiori of the mortgaged premises, and to collect and receive the rents. 'issues and profits
<br />thereof; antl~apply the same.tess costs of opera#ian and colleckian, neon the indebtedness secured by this mortgage; said-rents;
<br />issrtea-and prufifa'beinghereby-a®signed to the'I4for€gagee ss fnrlher security for the payment o[ all indebtedness setvred hereby.
<br />The Mortgagee shall have fhe power to appoint any agent or agents it may desire for the purpose of repairing said ptem-
<br />isea; ranting Et:e:same; callectittg-the-rents, revenues and income, and it may pay out of said fnwme all expenses incurred in.rent-
<br />irtg and managing t}ie same and of ~ collzetirig the rentals therefrom. The balance remaining- it any, shall be applied toward the
<br />discharge of the mortgage indebtedness- This assignment is to terminate and become null and void upon release of this morfgage.
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