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THE MORTGAGOR FURTHER COVENANTS AND AGREES: - That the Mortgagor will pay the indebtedness as hereinhefore prt~vidgd,~ ,,,_ 1 n:. ~ :' y Th$t the Maetgeeor is the owner of said property fn fee simple and has good right and lawful authority to sell and convey the same. and that the-same-is flee and clear of any Gen or encumbrance; and that Mortgagor will warrant and defend the - title to said premises against the-claims of art perr..ons whomsoever. To pay-immediately when due and payable al! general taxes, special faxes, special assessments, water charges, sewer serv- ice charges, acid other taxes and'charges-against said properky,-and-aSl-tttttes levied on the debt secured hereby, and to furnish the - Mortgagee,:-upon request, with the.original -or duplicate receipts therefor. Ttie A3artgagor agrees that there =hall be added to - each monthly paytnent required hereunder or under the evidence of debt secured hereby an amount estimated by the Mortgagee to be sutiicient to enable the Mortgagee to pay, asthey become due, all taxes, assessments, and similar charges upon the prem- ices subject-.thereto;.-any deficiency,because of the insufficiency of such additional payments shall Ise forthwith deposited by the "'rf Mortgagor -evitl% the=Mortgagee-uprin demand by tl,e Mortgagee. Any default under-this paragraph shat be deetrierl a default-in -. payment of-tazes,~assessments, nr-similar charges required hereunder. - - ~ - ,_ The Mortgagor agrees that there shall also be. added to each monthly payment of principal and interest required here- ,~ under an amount estimated isy the Mortgagee to !~ su.Ricienk La enable the Mortgagee to pay, as it becomes due. the insurance ,, - premium on any insurance policy detivered to the Mortgagee. Any deficiency because of the insufficiency of such additional pay- '1 ments shall be forthwith deposited by the Mortgagor with the Mortgagee upon demand by the .'dortgagee. Any default under this ~ paragraph shall be deemed a default in the payment of insurance premmms. ff the policy or policies deposited are such as tnime- I\ owners or all risk- policies, and the deposits are insufficient to pay the enC.re premium, the Mortgagee may apply fhe deposit to pay premiums on risks required to be insured by this mortgage- Payments made by the Mortgagor under the above paragraphs may, at the option of the Mortgagee, be held~by i[ and commingled with ether such funds or its own funds for khe payment of such items, anr. until so applied. such payments are hereby pledged as security for the unpaid balance of the mortgage indebtedness. Ta procure, deliver to, and maintain {ar [he benefit of the Mortgagee during the life of this mortgage original policies and renewals thereof, delivered at least ten days before the expiration of any such policies, insuring against fire and other insurable hazards, coattalties, and wntingenciea as the Mortgagee may require, iti an amount equal to the indebterdriess secured by this Mortgage, and in companies acceptable to khe Mortgagee, with loss payable clause in favor of and in form acceptable to the Mortga- gee. In the event any policy is not renewed an or before ten days of ifs expiration, the hfortgagee may procure insurance on the improvements, pay the premium therefor. and such sum shall bee. me immediately due and payable with interest at the rate set forth in said note until paid and shall be secured by this mortgage- Failure nn the part of the Mortgagor to Furnish such renewals as are herein required or failure to pay any sums advanced hereunder shall, at the option of the Mortgagee, constitute a defavk under the terms of this mortgage. The delive ry of such pollees ;hall, in the eve•tt of defau:2.::;nsfitufe an assigr^-^°t cf the un- earned premium. Any sums received by the Mortgagee by reason of lass or damage insured agaia~l may he retained by the Mortgagee and applied toward the payment of the debt hereby secured. or. at the opGan of the h4ortgagee, such sums either wholly or in pact may be paid aver to the Mortgagor ko be used to repair such buildings or to buiid~new buildings in kheir place or For any other purpose or object satisfactory to the Mortgagee without affecting the lien on the mortgage for the full amount secured here- by before such payment ever took place. To promptly repair, restore or rebuild any buildings or improvements now ar hereafter or. the premises which may be- come damaged or destroyed; to keep said premises in goad condition and repair and free from any mechanic's lien or other lien or claim of lien not expressly subordinated to the lien hereof: not io suffer nr permit any unlawful use of or any nuisance io exist on said property oar lu Hermit waste on said premises. nor to do any other ar*. whereby the property hereby conveyed shall become less valuable, nor to diminish yr impair its value by any act yr omission to act; to comply with all requirements of law with respect to the mortgaged premises and the use thereof. Thal should the premises or any part thereof be taken or damaged by reasor. of any pobtic improvement or condemnation proceeding, or under the right of eminent domain, or in any other manner, the \lvrtgagee shaft be entitled to all compensations, rwards, and any other payment or relief therefor, and shall be entitled, at its option, to commence. appear in and prosecute in its own name any action or proceeding, ur to make any compromise or settlement in connection with such taking or damage. Atl such compensation, awards, damages, rght of action and proceeds are hereby assigned to the hfortgagee. who may, after deducting therofrem all its expenses, release any moneys so received by it or apply the same an any indebtedness secured hereby. The h4art- gagar agrees to execute such #urtber assignments of any compensation. awards. damages. and rights of act inn and prciceeds as the Mortgagee may require. That in ca-qe of failure fa perform any of the rnvenantx herein. the Mortgagee may cis on the M1lortgagor's behalf everything so coverzanted; that the Mortgagee may also do any act it may deem necess~rv to protect tF.e lien thereof; that the hforigagor wilt repay upon demand any moneys laid yr disbursed by the Mortgagee for any of the above purposes. and such moneys together with interest thereon at the rate provided in said note shall become so much additional indebtedne-ss hereby secured and may he in- cluded in any decree foreclosing this mortgage and be paid out of the rents or proceeds of sale of said premises if not otherwise paid; that ii. shalt not be nbl'tgatory upon the A:arkgagee to inquire into the validity of any lien. encumbrances, nr claim in ad- vancing moneys as above authorized. but nothing herein contained shall be construed as requiring the hortgagee to advance any moneys far any such purpose nor to do any aM hereunder; artd that Mortgagee shall not incur any pe rsursl liahaity because of any- thing it-may do or omit to rfo hereunder. In the event of the default by bfnrtgagor in the payment of any installment, as required by the Note secured hereby. or in the performance of the oh}igatian in this mortgage or In the note secured thereby, the Rtortgagee ,hall b.- rntitie~i r„ declare the debt secured hereby due and payable without notice. and the Mortgagee shall be entitled at its option, without notice, either by itself or fay a receiver to be appointed by the court therc:oE, and without regard ko the adequacy of any security for the indebtedness se- evzed hereby, to enter upon and take. possession of the mortgaged premises, and to roltect and receive the rents, issues and profits thereof. and apply. the same..less costs of operation and collection. upon the indebtedness secured by this mortgage; said rents, _issties and }irvfitalieinglteteby, assigned io the Mortgagee as further security for the payment of alt indebtedness secured hereby. - TFx Mortgagee shaft have the power to appoint any agent or-agents it may desire foe -the purpose of repairing said Prem- ises; renting the same; collecting the rents, revenues and income, and it may pay out of said income all expenses incurred to rent- ing and managing the same and of coGeMing the rentals therefrom. The balance remaining, if any, shall be applied koward the discharge of .the mortgage. indebtedness- This assignment. is to termireste and become Holt and void upon release v[ this mortgage.