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<br />1'0 HAVE AND TO MOLD Lhe above-described real property with the zppurtenances there*_o belonging unto
<br />the *fertgagee, forever, the intention being to convey ar, absolute title lr: ,"ee to sale premises, and the
<br />MorLgagar covenants and agrees:
<br />First. That it will keep the prop=rues covered by this mortgage Insured by Policies of insur-
<br />ance, of such kinds and In forms and amounts and with a company or companies satisfactory Lo the Mortga-
<br />gee, with a clause or clauses attached making loss payable to the Mortgagee as its interest may appear;
<br />the said policies of insurance to be delivered to Lhe Mortgagee. The Mortgagee is hereby given a first
<br />lien on any insurance proceeds paid as a result ai loss or damage to the properties covered by this
<br />mortgage. Any insurance ±unds paid to the MortgageA as a result of damage or loss to the properties
<br />covered shall, at the option of the Mortgagee, be credited against the oayment or payments of the in-
<br />debtedness last due under this mortgage.
<br />seed. TtEat it will Day all D:^emiums open insuran~t? Gelicles, licenses. or tees legally owing by
<br />,the HarLgagnr, and a21 Lazes and assessments whlct; may be 1?vied ar assessed upon said mortgaged prem-
<br />ises, sad in default thereof the Siartgagee may pay the said insurance premiums, licenses, fees, taxes,
<br />or assessments due, and anp amount so paid s ome a part of the principal debt, shall Dear inter-
<br />est from Lhe date of payment at the rate oie~cent per annum, shall. tcgether with interest. be
<br />alien on said premises and proDertg and be secured b5 this mortgage, and shall De Immediately due and
<br />payable.
<br />Third. Thal St will keep all buildings and eGulpment suDtect tc this mart gage in good and sub-
<br />stantial repair daring Live rontiruance ifereaf ant will net cause, suffer. ar Petmlt waste thereof.
<br />Faurth. T1tat it will Dear all ezDenses ar costs incident to the r=lease of the lien of this
<br />.xu~~.2si5a, in ienx~ie ur iu Sxi'rL.
<br />Fifth. That SL will, aL all Limes during the ezistence of any Part of tP.e lien herein provided
<br />far, awintain its corporate ezistence and operate its business as a coaperatlve association qualified
<br />`.:-der L3~ Dt~visIons of Lhe AcL of Ogress known as the Fa14e CrzdiT. Act of 1971.
<br />s1a~'^. That 1t will not, during €Se' ezistence of and- part of the lien herein provided for, sell,
<br />3ease, or assign all, or any part of Lhe realty herein des_ribed w1th~:L the consent at the Mortgagee
<br />aDProring such sale, lease, er assiaatment.
<br />Seventh. That no remedy herein conferred on br reserved to the 1'.crtgagee is intended to be ezclu-
<br />sive of any ether reAredy or reaedies, and each and every such remedS shall be cu:culative and shall De
<br />SII addition Lu every other retaedy Riven hereunder, and nbw or 1'rerer_tter ezistlrg at law or 1n equity or
<br />by statute.
<br />Eighth. 9;`rit every right., remedy, privi3ege, revenant. ag:-eemert, and Pd+~et' granted hereunder to
<br />LhP Bald !9M't$8gCe shall t^,s9. imire end De 111cew1se far Lhe Dare..*St of any ar fill successors ar s_¢siRtis
<br />of said Mortgagee.
<br />Nint2:. That St is lawfully seined of said premises and Property, has ., ~ right *_o sell and con-
<br />vey setae, free of all encuu~ranres, that it will de tend Lhe quletrn,`~~y:+~nt thereof by the Mnrtiragaa,
<br />nand trill warrant and dsiend the setae agaifist all lawful r3alrs of an_v person whassoever; that it will
<br />~2 sal' 2rv~rij fr.a tt;e 4.~... tg nor sell yr disD^se of ~.} ,~. ~ iher_.,i wlthoL~ the x:'itt°^.
<br />csetaent of tiaey?kort3r.3ee.
<br />3enih. That in the evens the Tiartgagor defaults Sn t?~e rayment 1i sa]d Principal sum or Snstali-
<br />menLs t~r~r.*. or Srterest tT~ereor. son Sue. ar 1.^. tine ia,;7Aent of ar:. ,n:sar3r^z ;reF1~* c taz?e, and
<br />=*aci~ uefault sr~ll can*_laue icr a Derlbd of 1D dasys, ar Sn thti ere^t tt:e vi ^latian afT any c' the
<br />other above candltirn2s, acreeKneris rr caveraris, as Sn rite event °?,? Hoc*.gax~r 'ails or refuses to mete
<br />Lhe investment 7n amass C staclt of ttse Mortgagee as required Dg the ?'arm ^reClt Act rt 19'%1. oru~n any
<br />ritanae of ownershiY by letcal Dreres_¢, ezerutlar., lud1e1a1 sale, ar aperati•=r of law, aril the ?:or*_gava^
<br />s1sa31 re~e tax oDz-aT_Sar. of its plan. *_hen t31e YA1r*_g5g~e :may elate ;. °^t~,s? r*!e~ *,.ha= tre w>•~1= ;f
<br />t~ principal sur hereby seeuttd, ar so much as shall then remain unpa?d. toga^,.her with anS ir'_erest
<br />ar~z-2te1 the*~on, s.~13 lamaediately Decoece due a,nd payable. and Lhe Mortgagee ..ay 1mme~iiately !areclo=?
<br />t3!Ss taorL:care ar 1~ursue any atiser avaSlabie legal r~t?edy, ?ravided '.*.a! 1n t'.^.e ova^t of such e*ault
<br />~d prier to said forec'_?sure 3~d safe, tae Mortgagee 1s hereby au*_harlLe^ to en-ter upon the :^arR qe^.
<br />presaiars, *~ take p~bssessibn o* 23re Ste, and to re^t er ltiase any ..r rr~ p ape,-.1 es above de=crif~=d to
<br />asy Derstrn, who !s he*eDy authorized *_a occupy the Bald pre~artle=_, t~ Prairee7s t*±ereot, aite~ deduct-
<br />:~ all Sse:.e$.s3;p ezpetn~s, a'C~ a~11ed tc trx pa}a±ent of t*:e ird=D2=^nass tQ^ureP. ty; see
<br />Mor`..~r ~^eby aDiaints a-~~ ?esi~ates the McrtQa¢ee, .,^.y -e;; 2','i t _ :'y ' +~r?.o - 'r
<br />t and aztozxey Sn tEnt. wlrt .-„ll }oyar e~ authC^.?y~ Ersr_>e, ~ ^f 3r`! "sui$.ari-y
<br />z:f the 3~srL3agor, arylnstr~nt b.y~ar?ilrl? Lisa Mortgagee ererc__es ry at ti'~e~.'_aiia'. °- Svi'.eee~ ,*,ere-
<br />SII Cirilferred. Ia Lt& event of any acsi~ Dy the Mortgagee to anrar-8 .-rll-r•inn ^'.tch~~°or•gage 9ebt,
<br />the ~3rt~gar 3gx^eets the*_ all tazable coats of such action. 1*:cluding stn*_utory lttorney tees far p1a1n-
<br />ti1`f's 8Ltorfley effid flf! tiOat of eztendlri@ Lfbe ab~trarL of LiLie snail bB Ctnne 3 part ^f C17e nebt 5e ciare~
<br />iferepy and shall be paid by the Martga~or.
<br />St39. 4~at Lhe rae4saitat of the i'ortga$ee to ezerrise any option hereunder, In rase of any de-
<br />*€ Dy L11a ~. sls.33 set ~eeltxie St iraea the eaerciae thereof at anS subsequent time, ar for
<br />3sbaaQaei[L dilflIFII1Lr sad aaLhi>ag but a written emtract of Lhe 3ortgagee shall De a waiver of any
<br />f~KEtRt.
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