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T>-[E MORTGAGOR FURTHER COtJENANTS ANTI AGREES:
<br />That the-Mortgagor will pay 4he indebtedness as hareinbeforg+{~ pdtt~,d ., ! ,
<br />That .the lyfortgagor is the ownerrof-said property in-fee simple and-has good right and lawful authority -to sell-and
<br />convey the same _uttd that-the same iafree 8nci cleat- bf any'tien-or encutrtbrance; and that'.9artgagor wilt warrant- and defend the
<br />titlz to said p•etrxi..':!s agai_~t tl~.claims o[ all persons whomsoever. - _
<br />To pay immediately. when dqe and payable all general taxes, special taxes, special assessments, water charges, sewer serv-
<br />ice charges, and-other Saxes attd chatge$'sgrninst said property.,- and-all-taxes-levied on Lhe debt secured hereby.-and to-furnish the
<br />Mortgagee, upon tegvesY,.wi€h ~tlte-,o~rigirial or duplicate receipts therefor. The Istartgagor agrees that. there shall be added to-
<br />each monthly payment required hereunder or under the evidence a' debt secured hereby an amount estimated by the Mortgagee
<br />to tae sufficient to enable the .Mortgagee to pay, as t'tey become ~dve, all taxes, assessments, and similar charges upon the prem-
<br />ises subject. thereto; any deficiency because of the insufficiency of such additional payments shall he forthwith deposited by the
<br />Mortgagor with -the Mortgagee upon~~demand by the Mo-tgagee. Any default tinder this paragraih shall be deemed a default in ~--.
<br />payment `ot tazes,~ assessments; nr similar charges required hereunder-
<br />The Mortgagor agrees that there shall also be added to each monthly payment of principal and interest required here-
<br />under an amount estimated by the. Mortgagee to be sufficient t~ enable the Mortgagee to pay, as it becomes due, the insurance
<br />"r` premium on any insurance policy delivered to the Mortgagee Any deficiency because of [he insufficiency of such additional pay-
<br />meats shad be forthwith deposited by the i\lortgagor with the Mortgagee open demand by the Mortgagee. Any default under this
<br />a°°~ paragraph shall be deemed a default in the payment of insurance premiums. 1f the policy or policies deposited are such as hume-
<br />owners or ail risk policies, and the deposits are insufficient to pay the entire premium, the Mortgagee may apply the deposit 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 of the Mortgagee, be held-by it and
<br />~ commingled with other such funds nr its own funds for the paymtent of such items, and unlit so applied, such payments are hereby
<br />('~ pledged as security for the unpaid balance of the mortgage indebtedness.
<br />To procure, deliver to, and maintain for the benefit of the Mortgagee during the 6fe of this mortgage original Policies and
<br />renewals thereof, delivered at least ten days }tefore the expiration of any such policies, insuring against fire and other rnsurahle
<br />hazards, casualties, and contingencies as the Mortgagee may require, in an amount equal to the indebtedness secured by this
<br />Rortgage, and in companies acceptable to the Mortgagee, with loss payable clause in favor of and in form acceptable to the Mortga-
<br />gee. In the event any policy is not renewed nn or before ten days of its expiration, the Mortgagee may procure insurance on the
<br />improvements, pay the premium therefor, and such sum shat! became immediately due and payable with interest at the rate set
<br />forth in said note urid paid and shall '„r-. secured by this mortgage. Failure on the paN of the Mortgagor to furnish such renewals
<br />as are herein required or failure to pay any sums advanced hereunder shall, at Lhe opxinn of the Mortgagee, constitute a de[avlt
<br />under Lhe terms of this mortgage. The delivery of such policies shall, to the evert of default, constitute an assignment of the un~
<br />earned premium.
<br />Any sums received by the Mortgagee by reason of loss or damage insured against may be retained by the Mortgagee
<br />and applied toward the payment of the debt hereby secured, or. at the option of the Mortgagee. such sums eitf:er wholly nr in
<br />part may be paid over to the !artgaga: to be u~d to repair such buildings or to build new buildings in their place or foe any
<br />other purpose or object satisfaMory to the Mortgagee without affecting the Tier. nn the mortgage for the full amount secured here
<br />by before such payment ever took place.
<br />To p:amptty repair. restore err rebuild any buildings or improvements now or hereafter on the Premises which may he-
<br />trome damaged or destroyed: to keep said premises in goad condition and repair and free from any mechanic's lien or other lien or
<br />claim of lien not expressly subordinated to the lien hereof: nni to suffer or permit any unlawful use of nr any nuisance to exist on
<br />said property nor to permit waste on said premises, nor to do any other act whereby the property hereby conveyed shall become
<br />less vaIvahle, nor to diminish or impair its value by any act or omission to act: to comply with all requirements of taw with respect
<br />to the mortgaged premises and the use [hereof.
<br />That should the premises or any part titereaf he taken or damaged by reason of any public improvement or condemnation
<br />proceeding, or under the right of eminent domain, err in any other manner, the Mortgagee shall be enti tied to all compensations.
<br />awards, and any other payment or relief therefor, and shat[ be entitled, at its option, to commence, appear in and Prosecute in its
<br />awn name any action err proceeding, or in make any compromise or settlement in connection with such taking or damage. Alf such
<br />compensation, awards. damages. right of ac;+on ~^? proceeds are hereby assigned to the Mortgagee. who may, alter deducting
<br />therefrom all its expenses, release any moneys so received by it or apply the same tat any indebtedness secured hereby. The Mort-
<br />gagor agrees to execute such further assignments of any compensation, awards, damages, erred rights of action and proceeds as the
<br />Mortgagee raay require.
<br />That in case of failure tu.perfurm any of the crovenants herein, the Mortgagee may dgon the Mortgagor's treha{f everything
<br />so Covenanted: that the Mortgagee may also do any act it may deem necessary to Protect the lien thereof; tha3 the Mortgagor will
<br />repay upon demand any moneys paid or disbursed by the Mortgagee far any of tnr above purposes, and such moneys together with
<br />interact thereon at the rate provided in said note shall become so much additonal indebtedness hereby secured and may he in-
<br />cIuded in any decree fozectosing this mortgage and be paid out of the rents or proceeds of sate rf said premises if oat otherwise
<br />paid; that it shall not be obligatory upon the btortgagrw~ to inquire into the validity of any tier., encumbrances. or claim in ad-
<br />vancing moneys as above authorze<l, but nothing heroin .ontained shall be construed as requiring the Mortgagee to advance any
<br />morreya for any such purpose nor to do any act hereunder; and that Mortgagee shall not incur any persona! babilit}~ be-cause of any-
<br />thing it rosy do or unit to do hereunder- -
<br />- In the event of the default by Mortgagor in the IraYment of any installment, as required by the Note secured hereby. or '~
<br />in the performance of the obligation in this mortgage err in the note secured thereby, the bto:t~:,;:rt sh.a hr rnc,Nc•d to declare the
<br />debt secured hereby due and payable without notice, and the.Mortgagee shall t>e en[iiled 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 sets city for the indebtedness se-
<br />cuced hereby, to enter upon and take pos'srssion of the mortgaged premises, and to collect and receive the rents. issues and profits
<br />thereof, aadappJY the same,.less ousts o[ operatioaand collection. upon the indebtedness secured by this mortgage; said rents.
<br />F~ues-an_ d ptttfits Iieing.hereby assigned to the It4ottgagee as further security for the payment of alt indebtedness secured hereby. _
<br />- - .The &izrrtgsgee shall have thepower ta~appoint any agent of agents it may desire for the purpose of repairing said prem-
<br />ises; renting the same; colleMing the rents, revenues and income, and it may pay out of said income alt expenses incurred in rent-
<br />ing and managing the acme and o£ collecting the rentals therefrom. The balance remaining. if any, shalt be applied toward the
<br />discharge ~ the mortgage indebtedness. This assignment is to torminate and become null and void upon release of this mortgage.
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