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THE MORTGAGOR FURTHER COVENAN'T'S AND OGRE&S:
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<br />~- ~ That the 'Mortgagor vain pay the indebtedness as hereinbefore provided. -
<br />That the Martgagor is the dwner of said property in [ee simple and has good right an8 lawful authority to sell and
<br />convey the same and 4hat the satne ss tree and clear of any lien or encumbrance; and that Ctinrcgagor wilt wst:rant and defend the
<br />title to said premises agains! tfie claims of afl persona .whomsoever.
<br />To pay immediately when duo and payable ail general taxes, special taxes, special assesments, water e~ia.-. - --
<br />sewr,-r serv-
<br />ice charges, and other taxes and charges against said property. and alt texas lewd on the debt secured hereby, and E'o _ rsh the
<br />btortgagee, upon request, with the original or duplicate recaipfs therefor- Thr• 4ortgagor agrees Lhat them aha[t Ile ~ed-ta--
<br />each monthly payment rtsiuired hereunder nr under the evidence of debt secured hereby an arneont estimated by the Mor:~~~
<br />~~~ to he suficient -tn enable the- Mortgagee to pay, as they become due, alt taxes, assessments, and similar charges gpon ttw nrem..__
<br />~,~ i5e5 snbjer:f thereto: dry deficietncy Y~causa o[ the in=ufEciency of such additional payments shall be forthwith dcyxxited '^~:~ ~e-:-_.
<br />. Mortgagor with the Mortgagee upon demand by the Aortgagee- Any default und+°r this paragraph shall he deein~f a defer t+ in -
<br />~ payment of texas, assessments. nr similar charges rec;wired hereund+-r.
<br />"~ r Tha Mortgagor agrcc•s that there shat! also }x added to each monthly payment crf principal and interest requited hBi~,__. -
<br />under an amount c-aimated by the Mortgagee to be sufficient to -enable the ~tartgagae to pay, as it be-comes duo the insur$rtee -
<br />Cy1 premium nn any insurance policy delivered to the Mortgagee. Any de5ciency tmcause ni th+• insufficiency n( such additions! pay
<br />mauls stroll be forthwith deposited by the Mortgagor with the Mortgagees open dr=mard by th+• Mortgagor. Any de=fault under this
<br />paragraph shall he dE=erred a default in fhr payment of insurance premiums. If lhr' p~lic~ nr policies drprsited are such aS tn>me-
<br />owners or all risk paF.cies, and the deposit are iesaflicieni u+ pay the= emir+= prenuum- :he Mortgagoe may apply the 8tgws7k to
<br />pay premiums on risks required to he insu red by this mortgage.
<br />FavmenLS made by fhe Mortgagor tmdar the above paragraphs may. et the option of the \tnrtgagee- Sx• held by it artd
<br />comrningted wish other such [unds nr ifs own funds for the payment <+f suet: itr-n:=, oust :: r:t ii so applied. such paym<nfs era hereby
<br />p!algect as security for the unpaid balance t'.f the mnrf;;age indehtedneas-
<br />Te procure, deliver to, and maintain &;r the irrnofit <d the Stvrtgaeee during tires life of this murt;*aee vrigina! pvlides and
<br />r~ne;c•ais thereof, delivered aC least ten does Ixfiore fhr ex pirati-ter, :,f any :u<=h zw&rie-:, insuring against fire and other rose rah{e
<br />hazards, casualties, and contingencitw as the Mortgagee may require, in an amount equal to the indebtedness secured by this
<br />hfortgage, and in companies acceptable tv the Mortgage.-, with less payable clause in favor of and in farm acceptably to the Alnrtga-
<br />ger. lr, the event any Pcaicy' is not renewwi vn ur befor~ ten .!acs of it; expirati*rn. the Moriga.,,-e may procure= inwrance nn the
<br />improvement., pay the premium the,,*afnr. and such sum shall hrc>me imr..ediafcly duy and payable s-Fth inir:rst at the rate sxt
<br />forfh in said nuts unfit paid and shat! M> nrcured by this murk;;age_ Fedora vn the part. of the Alortgagnr to furnish such renewal=
<br />as are he=rein required yr failure tv pay any soma advanr.-r: hereunder she;!, at the vptivr. of [he Mortgagee, ec:~titute a default
<br />unbar the terms of this mortgage. The daiicrr~~ of such poi:ci-rs shall. in the event of r; afauit. constitute an assiznmant of the un-
<br />earned premium.
<br />Any sum= re. creed by ilia Mortgagor- by reason +,( toss or damage insered agains*_ may he refaiaad by eh< '.turtgagee
<br />and applied towani fhe paytneni of the debt hereby xwred. vr. at ilia option nt thB Mortgagee, such sums dither wheliy ur in
<br />,art may be pair: veer to the Mortgagor to he used to repair ouch t+uiidings er to build new buildings in their Place ar fur any
<br />..,,..,_. cur?rru~ or ohiect satisfactory to the Aturtgagae witimut affyeting the lien on the mnrt,agy for the full arrow r,t =ecu cell here-
<br />hv t>Afure sock payment ever took place.
<br />- To promptly repair, restore or rebuild env buiictings nr tm,proremenis nox- or hereaffer on the premises which mai~ be-
<br />come damaged or destroys-d; to keep said premises in goc,d condition and repair and frF~ from any mechanic-s lien er ether lien ar
<br />elsim of ?ten nut expressly subordinated to the lien hereo{: nut to suffer nr permit any u.^.iax•fuE use of or anc~ nuisance to exist en
<br />said property oar to permit wasfe en said premises, nor ire de any o€F.yr act tvhera4rv the pr<,pert,: hemhy conveyed shalt become
<br />less valuable, nor tv diminish oz impair its value by any act yr omission to act: f„ oomph with alt requirements of taw with respect
<br />- to the mortgaged premises and the use thereof.
<br />That should the premises or any part the rent be taken nr ~tamagyci by re-sun .~f an~e public tmprvvemen: or condemnativr.
<br />proceeding, or under the right o€ eminent domain, r,r in any other manna z, the \tortgagea shall tx entitled to alt compensations,
<br />- awards, and any other pa}~ment or relief therefor. and shaft t*e entitled, at its option, tv rommenre, appear in and prosecstte in its
<br />own name any sction or proceeding, or to make any comprem~se ur syttlarnant in rvr.nectif'*r with such tailing ur damage. Alf such
<br />compensation, awards. damages, right of action and proceeds are hereby assigned to fhr Mortgagee, who may. after deducting
<br />release any moneys err received by it or apply the same on any indebtedness secured hereby. The ~.tart-
<br />iheretrom all its expenses
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<br />gagor agrees to exetvte such further assignmenU of any tom pensst;on, a;:-ards, damages, anti rights cf action and proceeds as the
<br />Mortgagee may require.
<br />That in case of failure to perform any of the covenants herein, the \tvrtgagec• may de on tiny Mvrtgagai s behalf everything
<br />sa eavenanted; thal the Mortgagee may also do any act it may deem necessary to protect the lien thereof, that the Martgagor will i
<br />"te
<br />repay upon demand any rnoreys paid or disbursed by the h3artgagae [or any of the shave purtx~ses, and such moneys mgetker with a
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<br />interest thereon at the rate provided in void note shall t;ecome so much additional indebtedness hereby secured add may Fee in- ~°~
<br />- eluded in any decree foreclosing this mortgage and be paid out. of the ren~~ nr proc•eeds of sate a[ said premises if rot otherwise
<br />that it shall oat be obligatory upon the Mortgagee to inquire into the vahdrty of any lien. encumbrances, or claim in ad-
<br />aid +.,~„
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<br />vancing moneys as above authorized, but nothing herein contained she!! be cvrtstrued as requiring the Mortgagee to advance any
<br />matreys far any such purpose nor io da any ac{ hereunder; and that Mortgagee shalt not incur env perscmal liability trecause of any-
<br />thing it may tto or omit- to do hereunder. '
<br />In the event of the default 6y Mortgagor in the payment of any installment. as reyuinsi by the Notc- secured hereby. or
<br />in the performance of the obligation in this mortgage or in the note secured thereby, the hfortgagea shalt by entitled to declare the
<br />- debt secured hereby due and payable without notice. and the Mortgagee shall he entitled at its option, without notice, either fiy itself
<br />_ or by a receiver to be appointed by the taurt thereof, and wsthovt regard to the adequacy of any security tar the irtdehtedness se-
<br />evred hereby, to enter upon and take paskession' of the mortgaged premises, and to collect and receive the rents, issues and profits
<br />thereof, andapPly the same; .less casts of-opeza$on and coitectio n, upon ilia indebtedness sec.u rh. by this mortgage; said rents,
<br />issues' end proSta being' hereby-assigned to the Mortgagee as further security far the payment of all indebtedness secured hereby.
<br />The Mortgagee shall have the power to appoint any agent or agents it may desire for the purpose of repairing said prem-
<br />ises; renting the same; collecting the carets,. revenues and income, and ii may pay nut of said inrnme all expenses mcurzed in rent-
<br />- lets add- managing ~ the same and of eoltecting the rentals therefrom. The balance remaining, if any, shall be applied toward the
<br />- discharge of the mortgage indebtedness. Phis assigrunent is to terminate and become null and void upon release of this mortgage.
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