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THE MORTGAGGR FSJRTHER tbVENANTS AND AGREES:
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<br />That the Mortgagor will pay the indebtedness as hereinbefore pi~ctvleletl. i ? " ~~' {" ti"
<br />That the Mortgagor is the riwner of said property in fee simple and has good right and lawful authority to sell and
<br />convey the same ~ans1 that the same is fire and near of amp lien or encumbrance; and that Mortgagor will warrant and defend the
<br />title to said premises against .the- e3aims of all persons wh rtsaever.
<br />Ta pay immediately when due and sayable ail general taxes, spi+ciai taxes, special assessments, water charges-, -newer serv-
<br />ice charges, and other taxes and charges against said pmperty, and-all taxes levied on the debt secured hereby. and to tarnish the
<br />Morkgagee,~-upon_raquest, wtith Elte original or-duplicate ret~ipts therefor. The Mortgagor agrees that there shall he added to
<br />each monthly payment required hereunder nr under the evidence of debt s.^cured hereby an amount estimated by the Mortgagee
<br />to be sufficient to enable the Mortgagee to pay, ss they became due, all taxes, assessments, and similar charges upon the prem-
<br />ises sub}eM thereto;, any deficiency because of the insufficiency o[ such additional payments shall he forthwith deposited _by the
<br />Mortgagor With the Mortgagee upon demand by the Morigagee. Any default under this paragraph shall be deemed a rletault in
<br />- payment of taxes. assessments, nF similar charges required hereunder. -
<br />~ - The Mortgagor agrees that there sl:a:! also be added to each monthly payment of principal and~interesf required here-
<br />,~.- under an amount estimated by the Mortgagee to be sufficient to enable the Mortgagee to pay, as it 6ernmes due, the insurance.
<br />~"~ premium nn any insurance policy delivered to the Mortgagee. Any deficiency because of the insuQiciency of such additionalfray-
<br />rw'4 menu shall be forthwith deposited by the Iv4artgagor with the It4ortgagee upon demand by the Mortgagee. Any default under this
<br />paragraph shall be deemed a default is the payment of insurance premiums If the policy or policies deposited aze such sa home-
<br />owners or all risk policies, and the deposits era insufficient to pay the entire premium, the Mortgagee may apply the deposit to
<br />,. pay premiums nn risks required to be insured by this mortgage
<br />Payments made by the Mortgagor under the atxrce paragraphs rnay, at the option of the Mortgagee, be held~hy it and
<br />~ comm+ngted with other suck funds or its own funds Eor the payment of such items, and until so applied, such payments are hereby
<br />ple•rigecl as security for the unpaid balance of the mortgage indebtedness.
<br />To pruture. deliver to, and maintain for the benefit of the Mortgagee during the life of this mortgage original policies and
<br />renewals thereof, delivered at least ten days before the expiration of any such policies, insuring against fire and other insurable
<br />Itazarda, casualties, and contingencies as the Mortgagee may require, in an amount equal to the indebtedness scouted by this
<br />Mortgage. and in companies acrnptable io the Mortgagee. with loss payable clause in favor of and in form acceptable to the Mortga-
<br />gee. In Lhe event any policy is not renewed un or heiore ten days ut it_s expiration, the Mortgagee may procure insurance on the
<br />improvements. pay the premium therefor, and such sum shall become immediatey due and payable with interest at the rate set
<br />forth in said note until paid and shall he secured by this mortgage- Failure on the part of the Mortgagor to furnish such renewals
<br />as are herein requimd or iaiiure to pay any sums advanced hereunder shall. at the option of the Mortgagee. constituie a default
<br />under the terms od this mortgage. T:.e delivery of such policies ?hall, m the event of default, constitute an assignment of the un-
<br />earned premium.
<br />P.ny sums rece~••ed by the Mortgagee by reason of loss ar damage insured against may be reiained by the Mortgagee
<br />and applied toward the paymen4 of the rleht hereby secured. er. at the option of the Mortgagee, such sums either wholly at in
<br />part raay he paid over tc the Mortgagor ter be used fu repair such buildings or to build'new buildings in their place or for any
<br />other purp~.,e ar abject saLsfactary to the Martgagee without affecting Lhe lien nn the mortgage for the full amount secured here-
<br />by before such payment ever took place.
<br />Ta promptly repair. restore or rebuild any buildings nr improvements now ur hereafter oa the premises which may be-
<br />come damaged or destroyed; to keep said premises Sn good condition and repair and free from any mechanic's lien or other lien or
<br />claim of lien noE expressly subordinated to the Tien hereof: not to softer or permit any unlawful use of er any nuisance to exist on
<br />said pnrperty nor to permit waste an said premises, nor to do any other act whereby the property hereby conveyed anal! become
<br />less valuable, nor to diminish ar impair its value by any ac4 ar orris=iur, to net: to crmpi} with all requirements of law with respect
<br />to the mortgaged premises and the use thereof.
<br />That should the premises or any }cart thereof be taken or damaged by reason of any public improvement or condemnation
<br />proceeding, ar under the right of eminent domain, or in any other manner. the Mortgagee shall be entitled to ail compensakions,
<br />swards, and any other payment or relief therefor, and shall be entitled, at its option, to commence, appear in and prosecute in its
<br />own name any action or Proceeding, or to make any compromise or settlernent in connection with such taking or damage. All such
<br />compensation, awards, damages, right of actian and proceeds are hereby assigned to the Mortgagee, who may. after deduMing
<br />therefrom all its expenses, release any moneys so received by it or apply the same c.n any indebtedness secured hereby. The Mort-
<br />gagor agrees to execute such further assignments of any compensation. awarcls, damages, and rights of actian and proceeds as the
<br />Mortgagee may require.
<br />Thaf in case of failure to perform any of the covenants herein, the 9ortgagee may do oa the Mortgagor's h2half everything
<br />so covenanted; that the Mortgagee may also do any act it may deem necessary to protect the lien thereof; that the Mortgagor will
<br />repay upon demand any moneys Faid cr disbursed by the Mortgagee fa: any of the above purposes. and such moneys together with
<br />interest thereon at the rate provided in said note shat! become so much addiu~.,at indebtedness hereby secured and may he in-
<br />cluded in any decree foreclosing this mortgage and he paid out of the rents nr proceeds of sale of said premises if not otherwise
<br />paid; that it shall not be obligatory upon the A4ortgagee to inquire into the validity of any lien, encumbrances, or claim in ad-
<br />vancing moneys as above authorized. but nothinK heretr. contained shalt be construed as requiring the Mortgagee to advance any
<br />moneys for any sash purpose nor to do any aM hereander: and that Mortgagee shalt not incur any personal liability because of any-
<br />thing it may do or omit to do hereunder.
<br />in the event of the default by RSortgagor in the payment of any installment, as required by th.~ \<de seeu red hereby. n
<br />in the performance of the obligation in this mortgage ur in Lhe note secured thereby, the Mortgagee shalt be entitled to declare the
<br />debt secumd hereby dos and payable without notice, and the Mortgagee shall 6e entitled at its option, without notice, either by itself
<br />or by a receiver to he appairted by the courE t~rereof, and without regard to the adequacy of any security for the indeMedness se-
<br />cursd- hereby, to enter upon.and Fake passesion of the mortgaged premises. ?nd to rnllect and receive the rents, issues and profits
<br />i}xereof, aadapply.the same, .less costs of aperatian artd rnltection, upon the indebtedness secured by this mortgage; said rents,
<br />issues and profifa bairig.hereby a~Egned to the Mortgagee as further security for the payment a[ all indetitednesa secured hereby.
<br />- - The Mortgagee shall have •the power to appoint any agent or agents it may desire for the purpose of n•pmring said prem~
<br />ises; renting the same; collecting the rents, revenues and income, and it may pay out of said income all expen-sea incurred in rent-
<br />ing and managing the came atxl of coIleMing the rentals therefrom. The balance remaining, if any, shelf he applied toward the
<br />discharge-of the mortgage indebtzdneas._This assignment is to terminate and become null and void upon release of this mortgage.
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