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>• THE MORTGAGOR FURTHER tJOVENAN'f5 ANA AGREES: ~- . ~ - That the Mortgagor will pay the Indebtedness as .hereinbefore provided, That the Mortgagoe is the owner of said property in tee simf>Ip and has good right and lawful authority to selF and ~_ convey the same and tfiat thesame is free and clear of any lien or encumbrance; and tbai itfortgegor will warrant artd defend the- title to said premises against the claims of ail persons- whomsoever. - - , To pay irrmtediatety when +iue and payable a31 general fazes, special taxrrs, special assessments, water charges, sewer sere- - ice charges. and other taxes and charges against said property, and all taxes levied on the-debt secured hereby, and to furnish the ,~ Mortgagee, upon request, with the original ar d•tplicate receipts therefor. The 'ti3artgagar agrees that there shall be added !o.- r~E each monthly payment required hereunder or under the evidence of debt secured hereby an amount estimator by the Mortgagee t.o bc: sufftcien€ to enable the Mortgagee to pay, as they became d-ue, all taxes, assessments, and similar charges upon the prom-- ~'~ ices subject thereto; any deficiency because of the insufficiency of such additional payments shall he forthwith depnsifed by the - s+^4 Mortgagor with the Mortgagee upon demand by the ,lf artgagee. Any default under this paragraph shall be deemed a default in .,~- rpayment of taxes, assessments, nr similar charges required hereander- ~~ The ;lfortgagor agrees that Lhers she!} also he added to each monthly payment of pnncrpal and interest requiter] here- under an amount estimated by the Mortgagee to be sutlicient to enable the Mortgagee to pay, as it becomes due, fhe insurance ~ premium an any insurancz policy debvered to the Mortgaged. Any deficiency because of the insufficiency of such additional pay- ments shell Ire forthwith depa.iied by the Mortgagor with the Rf ortgagez upon demand by the '.`-tartgagee. Any default under this paragraph shall be deemed a dzfrult in the payment of insurance premiums_ If the policy ar policies deposited are such as M,me- owners ar ail risk {wlicies, and the cleposiL are insufficient to pay the entire premium, the Mortgagee may apply- the deposit to pay premiums on risks required tr. he insured by this mortgage, Payments made by the Mortgagor under the abcve paragraphs may, ai th•~ option of the Mortgagee, be fielrt: by it and e-omminglzd >viLh other such funds or its- own :ands h,r the payment of s€tch items, and until sa applied, sucfi payments are hereby pledged as security for the unpaid balance of the mortgage indebtedness. To prceure, delivzr to, and maintain for the benefit •.f fhe• Mortgagee during the life of this mortgage original policies and renewals thereof, delivered at bast ten days before the expi ratio:: of am~sucft policies, insuring against fire and other loco ralile hazards, casualties, and contingencies as the Mortgagee may require, ir: an amount equal to the indebtedness secured by this Mortgage, and itt a,mpanies acceptable to the :4taagager-, tivith Ines payable clause in facer eE and in form acceptable to fhe Mortga- gee. In the event any i>ohcy is not renewed on or i:efore tc•r::Ia}-s rd its expire Iron. rbe 141ortgagee may procure insurance on the improvemeafs, pay Ehe premium £;.erefor, and such cum :hell he r:.rne i^.:rnadtately due and payable with interest at the rate set forth in said note until paid and =.ha11 1w• coca r+•d by this mrrtgar Failure nn the l=art of fhe Mortgagor to furnish such renewals as are herein required or failure fo pay shy canes advanced hareunrier shalt, at t:.P option of the Mortgagee. can='~ '•• a default under the terms of this .norigage. The de1i~^ery of such policies .halt, in the event oP default, n+nstitute an assignment of the un- earned premium. Any sums received by the 'rfcrtgagee h}- reason cf !ass fir damage insured agairvst may be retained by the Mortgagee and apPlie€i toward the payment ~>f the drht hereby sr=curr•c?.. or. at the cptiorx of :he ~,artgagrze, such sums €~iihe: whr.!!y ar in part may be paid over to the Mortgagor to be used to repair such buildings or io build new buildings itt their place or far any ether purpose ar object satisfactor_r' to the ~2artgagee u~ith~~u*, atlzc±irg •.he lien an the mortgage for the full amount securer) here- by before such payment ever trwk place. . To prampily repair, restore or rehus]d an,: buildings nr impnrvemenis now or hereafter on the premises which may be- come da.-Waged ar destroyed: to keep said premi<r•s ~n a;+w~d cs~r..?iriea ant, repair and free tram anc mechanic's lien or other lien ur claim of lien naf expressly subordinated tr> the lien hereof: not to softer or perniit arsy unlawful u;e of or any nursance to exist an said property nor fa permit waste ::n said pr;`m isrs. nor to de any- other ae+_ wh?rehy the property hereby Conveyed shall become tea valuahie, nor to diminish or impair Its value by any aoi ar omis~ian io act: to ecmply with all requirements aE law with respect to the mortgaged Premises and the use thereof. Thai should the Premises or anc part thereat }x' taken or damaged by realm of any public improvement ar condemnation proceeding, or under the right of rmirrnt domain, •>r in any other manner, the \f artgagee shat) be entitled to all rnmpensatinns. awards, and any other payment or relief the n•for, ana shag be en titter., at its apitan, to tx:mmence. appear sn and prosecute in iL= own name any action or pr€xeeding, ar to make any compromise~or setiement in mnnectior. with such taking or damage. Ali such camperxsaeian, awards, damages, right of action and proceeds are he rehy assigned in the ]vf artgagee, who may, after deducting therefrom al! its expenses, release any moneys sa received by it or apply the same on any indebtedness secured hereby. The btori- ~ gagor agrees to execufe such further assignments of any campensatirm. awards. damages, and right: of action and proceeds as the MorLgagr^e may require. That in ease of failure io pxrrf::rm any of the covenants hr rein. fhe• \tort¢agee may do nn the bfortgagoi s behalf Pverpihing - so covenanted; that the Mortgagee cony also rio an}• act it may deem necessary to pmteN. the lien thereof; that the Mortgagor will - repay tipor. demand any moneys paid ar disbursed by the Mortgagee for any of the above purposes, and each moneys together with interest therwn at the rate provided in said note shall become so much additional indebtedness hereby secured and may be in- cluded ir. any decree fareclusing this mortgage and he paid nut of the mnt< cr proceeds of sale of said {remises if not otherwise paid; tfiaf it shall not be obligatory upon the Mortgagee to inquire into the validity of any lien, encumbrances, or claim in ad- - venting moneys as above authorized, but nothing herein contained xhall be construed as requiring the Mortgagee to advance any moneys for any xttch purpose nor to do any aM hereunder: and that Mortgagee shall not incur any personal liability t~cause of any- thing it may do ar emit to do hereunder. fa the event of the default by Mortgagor in the payment of any installment, as required by the Note secured hereby. or in [he performance a[ the obligation in this mortgage or in the note secured thereby, the Mortgagee shalt he entitled to declare the - debt secured hereby due and payable without notice, and the Mortgagee shalt be entitled at its option, without notice, either by itself or by a ietaiver to be appointed by the court thereof, and-without regard to the adequacy of any-security for the indebtedness se- cured hemby, tp enter upon and- take pos$assion of the mortgaged premises, and to collect and receive the- rents, issuer and profits thereof, and-apply the same, less costs of o{ieratian and rnileMion, upcin the indebtedness secured- by- L}iix mortgage;. said rents, i~nes and pro!"its being hereby assigieed~#o the Moi'fgagee-as further security #nr the payrrrent bf aIi indebtedness secured hereby. The Mortgagee stroll have the power to appoint any agent or agents if may desire for the purpose of repairing said prom- ices; renting the same; collecting the rents, revenues and income, and it may pay out of said income alt expenses incurred in rent- ing and rrranaging the same anti of wllectirig the- rentals theretrom..The-balance. remaining. if any, shall be applied tawacd the discharge of the maitgage indebtedness. This assignment is to Yerminate and become null and void upon release of this mortgage,