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TkfE MORTGAGOR FURTHER- COVENANTS AND AGREES: ~ , , , z
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<br />That the Mortgagor wi}! pay the indebtedness as hereinbefvre provided-
<br />That the Mortgagor is the owner of said property in fee simple and- -has good right and tawful~. authority to sell ord.
<br />convey the same acrd that the same is &ee anti el_ear of any lien or-encumbrance; sect that Mortgagor wits warrant and defend the
<br />title to said premises again_ct the claims of elf persons. whiirnsciever. -. -.
<br />To pay irn4Eediately when due and payable a!l~gene"cal taxes, special taxes, special assessment , water charges, sewer serv-
<br />ice charges, and other farces and charges against said prafrerky, and all faxes levied nn the debt secured herehy. and tv furnish the
<br />Mortgagee, utwn--rzque>t, with`£he original or' duplicate receipts-therefor. The "~Sortgagnr agrees that there ;halt tx• addr~ci t_<,
<br />each monthiy payment required h.±reunder or underche evidence ~•f dehE secured hereby an amount estim_ eted }ry_ the Mortgagee
<br />to ba suff~eiant°Ea-enable the Mortgagee to pay, as tt:ey become due, all taxes, assessments, and similar charges upon Lhe prem-
<br />ases subject thereto; any deSciency becaase of the insufficiency of such additional Irayment shalt be Fcirthwith- deposited by the
<br />~'^d Mortgagor with Lhe Mortgagee open demand by fhe ,:ic;rtgagee. Any default ur:drr this paragraph shalt br deemed a ck•fauti in
<br />-„~ payment of taxes, assessments, nr similar charges required hereunder. -
<br />,~ The Mortgagor agree, that there shat! also be added to each monthiy payment of f;rincipat and interest required here-
<br />under ar, amount estimated by the Mortgagee Ea be sufFcieni to enable the= Mortgagee t~= pay, as iC becYrmos due. {he insuram°e
<br />f~ premium er- any insurance pri!icy delivered to the Mortgagee. Any rlsfieie~r,-roc hpe2uu• at the insuffi^ien+,y of such additional psy-
<br />~ mums shall be forthwith deposited by the Mortgagor with the Mortgagee upon demand by fhe Mortgagee- Any default under this
<br />~ paragraph shat! be deemeri a default in the payment of insu caner premiums. if for p<,lic•; yr policies deirosited are such as trume-
<br />oamets yr all risk tn~licie=, anc: the deposif~ a. re insutfi[-iert to pey th~• r~nti:e premium, the Alortgagee may apply fhe deposit to
<br />pay premiums on risks required to t;e insura-d by this mortgage.
<br />Yayme•nls made by the 1+•!r~rtkaSrrr under khe strove paragrxtphs may. a, the nptron of the M.;rfgager, ire F.e1d by it and
<br />Commingled :4'kth attter SU Ctl fUF!d5 err :F:+ rtWn fUrif lS f~lF the paymPRt aF cL'fh items. anal unid Sa apptted, SUCK paymen t4 PIi' tie reby
<br />;d.at~m as security for the unpaid balance- cd the mortgage indebtedness
<br />Ta procure, deliver tr. and maturate. for the hwnrtit r,C the ti!:xtgagr~c riveter the life of this mortgage nrtginal pnGcies and
<br />reoewais f};erz'of, deliv.~n•<l at h-nst t,~n darn Lefr+re the !~spirattoa of am saco ;-.czli. is-s, in .r ring against fire and otber insu cable
<br />haxaLds, casualties, and rnntingencies as the Riartgags=e m=t r<•quire, in an amount equal to the indebtesiness secured by this
<br />Mortgage. and in companiE-c accepta6lr- to tl:e 1,ortgagc•, with tr.-, pa}ah!c~ rla:5.r ir, ia-:nr ,d and m fr,rm aereptabte k; the vfortga-
<br />get?. In the 2vrnt any I;"licv is nr,t renew,-•} ,;,, r Frcfr, rN !en ,4a_=s ~~t i*= =-zp,rat:rm- the '.4ortgagee may procure insu{2nee on thF
<br />rmprovements, par tree- prer,:iam thrr+•fur. -sn€; su.-h ,arm ±ha P, her =:r,r smmedrtaiv doe and nayai7le with interest-at the rake set
<br />forth in said note until paid and =halt tff- a=eon l t,~ thi. ar~rt eat r. Fa:tu re cn the- part ,.( ;he 'i`.ortgagor ter furnish such renewals
<br />c5 --- crf In rrtiFUirrti ur fa riu rf l+~ tra+' 'tn~: hum? sell An<'rct h~•rF•unttPr ~.. i..- >It tltt- t~pti.=r. of tttr ~'(ortgagC•e. C.~n 9tit Ute a drfattli
<br />ender the terms of this m==.~rtga~r 'I'hr d=d~>•~n crF such pr•,~• a ha!%. .. -.. ,rat nt sfefac!F. a-onstitute an assignment r„ [hr un-
<br />earned pcemium-
<br />An_v rotes re-cr-ivrd by the i,~Yciafre_ h~~ rr .,nn ~f insu or siama~e insured against may Fee retainer! h}' the Mortgagee
<br />and app!ieri trrsrani Lhe leav meet .., th.~ z;:-f>t her+-h+~ x.•.~ti rr•d, r.. at ?irx nptrc;n c.f the Mc: rtgagee, such cams e•ithrr whni!y ur in
<br />part naay t>F• paid o+.. .=> ttu' Mart;;a°-.r t, Je usrcl .. ._,ra6r -uc?~ ?-ra : noE a- .:, build-new tvu3!dings in their plate ar for ary
<br />other purpose or object ~ttsfactorp #n the ~inrLna~ee withca;2 aHeeti r,_g khc• tree r,a Lhe rnartgage fir the foil amount sa^cu red here
<br />by lre(vre such payment ever took place.
<br />~„ tirumpt.Sy repair, r - ,.r r,r rrbuiki anc hu~ldinM1S nr i;n;;ro.ements new ur hereafter on the premises which may be-
<br />came rivnaged or de`skrryecc: t„i keep said {;remises in g.-.cxl rrnditicr, sod rr;~air and frr-e from any mecl;anic's lien ar other lien or
<br />claim et lien not expres.ty sutxirdinated ±o the lien hereof- nag tv suffer nr permit anti =.mlawfuF use of ar any nuisance io exist an
<br />said property nor to permit wa~tc on said premises. r.<,r to da any other act •.vherFF,.~ the property hereby conveyed shall become
<br />tetra valuarrle, our fo dimSnish of impair iks calve by anc act :,r omission to act to com;:h with all requirements of taw with respect
<br />t?r the mortgaged premises sad the us-° !bergs€.
<br />Ttrat should the premis._-s or any part thereof be taken er danrageri by reasr;n of an±.~ public imprvt-ement or candernnation
<br />p: weeding, or under tree right of ett.ineni domain, or in any other eta..^.net, the Merigagee she?! be erfitted to alt compensations,
<br />awards, and any other payment or relief therefor, and shalt tee entit{ed, at its option, to rnmmence. appear in and prosecute in iks
<br />awn na:-se soy action <rz proceeding, or tv make any compromise er settle :mc nt in connection •.vith such taking or damage. Att such ~""
<br />compensation. awards, damages, right of artian and procoeds are herehy assigned to the Mortgagee. who may, after deducting _~
<br />therefmm all its expenses, release any moneys. sv received by ii or apply fhe same on any indebtedness secured herehy. The Mort-
<br />gagor agrees !a extrute such further assignment of ant compensation, awards, stamagrs, and rights of action sect proceeds as the
<br />Mortgagee may require. _
<br />That in case of failure tv perform any of the covenants herein. the Mortgagee may do on the Mortgagor's behalf everything ~•
<br />so covenanted; that fhe ,Llortgagee may start do any act it Wray deem necessary to protect the hen thereof: that the \lortgagor will
<br />repay upon demand any moneys paid nr ciisha reed by the Morigagee~ for any of Lhe a!^-•~•P purposes. and such moneys together with -
<br />inferest thereon at the rate provided in saki note shalt become so much additional indetrtc-deers hrrebc secured and may tee in- _ -
<br />cluded in any decree foreclosing this mart ;age and ire paid out of the rents or proceeds art sale of said trremtses if not otherwise --
<br />paid; that it sha[I not be obligatory upon the Mortgagee to tngair~ into the solidity of any lien, encumbrances. or claim in ad-
<br />variring moneys as aboae authorized, but nothing herein contamgd shall be construed as requiring the Mortgagee to advance any
<br />moneys for any such purpose nor to dv any act hereunder: and that Mortgagee .shall not incur any personal liabdity because of any-.
<br />Lhingst may do or omit to do hereunder. _
<br />Sn the event of the default by blur#gagvr in the payment of any installment. as required by the Nate secured herehy. or
<br />in ttte performance of the otrligatran in this mortgage or in the note secured thereby. the Alortgagee shalE be entitled ter declare the
<br />debt secured hereby due and payable without notice. and the !vtartgagee shall be entitled at its option, without notice, either try itself
<br />ar ]:y a,. receiver t4 be appointed try the earl rt thereat, and without regard fo the adequacy of any security far the indehtedneas se-
<br />cured hereby; to enter upan and. take pos§ession of the mortgaged premises, and to collect and receive the rents, issues and profits
<br />thereof; and- apply the same, less eckrts of operation sad cottection, upon the indebtedness secured fry this mortgage; said -rents,
<br />issues-and pref~ta being herehy assigned to the Mortgagee as further security for the payment at a!1 indebtedness secured hereby.-
<br />The Mortgsgee s'rsli hsve the paver to appoint any agent ar agents it may desire for the purpose of repairing said prem-
<br />ises; renting the same: ca!lecting. the rents, revenues and income, and it may pay out of said income alt expenses incurred in rent-
<br />ing and managing the same and of collecting the rentsIs- therefrom. The-balance remaining. if any. shall tee applied toward the
<br />discharge of the mortgage indebEedneas. This assignment is fo terminate and become null and void upon release of this mortgage.
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