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THE MORTGAGOR FliRTHER COVENANTS AND AGREES:
<br />~ hat the Mort agor wilt
<br />'7t g Pay the indebtedness as hereinbefnre provided;
<br />ThaE 1{te,',.IeRFfr¢gagor is the hwner of said property in fee simple and has good might and -lawful authority to sal) and
<br />convey the t3ai a ahd (fiat the same is free and cteai of any lien or encumbrance; and that Mortgagor will warrant and defend the
<br />title to said premises against the claims of all persons whomsoever. -
<br />Tn pay imniediate}y,when rltre;turd payable all general taxes, specie! taxes. special assessments, water charges, sewer serv-
<br />ice charges, and other taxes and: charges-against tiaid-pmpertp-,and.all taxes levied on the debt secured hereby, and to furnish thr•
<br />Mortgagee^-upon request,--with the~origieial or duplicate receipts therefor. The Mortgagor agrees that there shall be added to
<br />each monthly payment-required hereunder ur under the evidence of debt secured hereby an amount estimated by the Mortgagee
<br />~ to be sufficient to enable the Mortgagee to pay, as they become dtie, all taxes, assessments, and similar charges upon the prem-
<br />`~' ices subject thereto,._any deficiency because of the insufficiency of such additional payments shalt t>e forthwith deposited by the
<br />•'"~ Mortgagor withfhe Mortgagee eipoa~ demand by the Mortgagee. Any default under this paragraph shall tm deemed a default in
<br />.rte payment of taxes; assessments, nr similar charges required hereunder.
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<br />q - - ~ -The Mortgagor agrees that there shall also be added to each monthly payment of principal and interesf required here-
<br />i under an amrxtnt estimated by the Mortgagee to besufiicient to enable the Mortgagee to pay, as i[ becomes due, the insurance
<br />~ premium un any insurance policy delivered to the Mortgagee. Any deficiency because of the insufficiency of such additional pay-
<br />ments shall be forthwith deposled by the Mortgagor with the Mortgagee uprm demon<! Sy lho MorlR'ager. Any default ender this
<br />par~raph shall rte deemed a default in the payment of insurance premiums. It the policy or polio-ies deposited are such as hvme-
<br />owners or all risk policies, and the deposits are insufficient to pay the entire premium, the Mortgagee may apply the deposit to
<br />pay premiums ort risks required to Fx insured by this mortgage.
<br />Yayments made by the Mortgagor under the abuvo paragraphs may. at the option of the Mortgagee, be held-hy it and
<br />commingled with other such funds or its own funds for the payment of such items, and until so applied, such payments are hereby
<br />pledged as security for the unpaid balance of the mortgage indebtedness.
<br />To procure, deliver tu, and maintain for the trenefit 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 }wlicies, insuring against fire and other insurable
<br />hazards, cesusltiea, and mntingenciea as the Mortgagee may require, in an amount equal to the indebtedness secured by this
<br />Mortgage, and in rnmpanir•s aceepGrhkt to the Murtgagre•, with Inns payable clause in favor of and in form acceptable to the tvlortga-
<br />gee. In the event any policy is not renewcvl un or before ten days of it.~ expiration, the Mortgagee may procure insurance nn the
<br />impnwements, pay the• premium therefor, and such sum shalt become immediately due and payable with interest at the rate set
<br />forth in said note until paid and shall file .ecured by this mortgage. Failure on the part of the Mortgagor to furnish such renewals
<br />as are herein required ur failure to pay any sums advanced hereunder shalh at the option of the Mortgagee, constitute a default
<br />under tote terms of this mortgage. The delivery o[ such policies shall, in the event of default, constitute an assignment of the un-
<br />earned premium.
<br />Any sums received by the Mortgagee by reaurn of loss or damage insured against may be retained by the Mortgagee
<br />and applied toward the payment u[ the debt hereby secured. or, at the option of the Mortgagee, such sums either wholly ur in
<br />part may be paid over to the MortgaKor to be used to repair such buildings or to build new buildings in their place or for any
<br />other purpose or object satisiacWry to the Mortgagee without affecting the lien on the mortgage for the full amount seou red here
<br />by heftxe such payment ever kx,k place. -
<br />1b prrxnptly repair, restore ur rebuild any buildings or improvements now ur hereafter un the premises which may he-
<br />mme damaged or destroyed; to keep said premises in g«rd condition and repair and (rer• from any mechanic's lien or other lien or
<br />claim n[ lien nut expressly suMndinated to the lien hereof; not to suffer ur permit any unlawful use of or any nuisance to exist on
<br />said property nor to tretmit waste on said premises, nor to do anY other act whereby the property hereby canvcyed shat! ltecome
<br />!eas valuable, nor to diminish ar impair its value by any act or omission to act: to comply with alt reyuiremrnts of law with respect
<br />to the mortgaged premises and the use thereof.
<br />Thal should the premc;rs ~r any part thereof be taken or damaged by reason at an~~ public improvement or runriemnatinn
<br />prcxeeding• oe under the right ut eminent domain, ur in any other mann.•r the \lurtgaxrr~ shalt he nntrth•d to all rompers aliens,
<br />awards, and anX other payma nt ur relief therefor. sett chaff t><• rn titlcrt. at its uptt=,rt. to cu??unenc e. at:t,rar in and pruata^ute rn i?s
<br />own creme any action ar pn~+trdintt. ur to make any compromise ur settlement itt cannectic=n with sash taking ur damage. Al! such
<br />+:erripeasation, ewarrls, rian:agt-a, right of action and pr; .:rE~+da are h~ret:y aasigrs.~i to :hr 1`.c=:tgag~•, wn;.r n:ay. a€`ter drriuo"ring
<br />tttetrefrom all its expenses, release any moneys so received by it ur apply the carer on any tnelebtrclnesa srv~u red hereby. 'I^tte ;11art-
<br />gagor agrees to rxerttte such further assignments nt any rnmprnsatiun. awards- damages. and rrghts ut action and [arr+rerYis a. the
<br />Mottgtigrrc -may require.
<br />That ire ease of failure to perform any of the cuvrrtant., hereto, the Murtgagre may do on the Mortgagor's hrhali everythi~,
<br />so trovenanteri; that the Mortgagee may also do any art it may Berm nr<•rssary h+ pmtrrt the lien thrrrnh that the Mortgagor wt
<br />repay open demand anY mcneys paid ur disbursed h>' the Mortgage, h.r any ..t the ab, •ve pure+,+ea. and such numry~ together wet h~
<br />intar~tt thereon al the rate prrwiderl in said note shalt txK-n?nv so much ad,lttunutl mdrhtrdnrs.. hr•reh}- ~ecurrd and may Fre ink
<br />chided in any decree foreclosing this mortgage and ire paid out of the rents ar proceeds of sale of said premises if not ott+erwisn.-
<br />paid; that i< shatl nut hr• obligatory upon the Murtgaq w to tnquirr into the validity of any lien, encumbrances, ur claim in ad-~"
<br />vancing moneys an attcn•e authorized, but nothing herein contained shall M construed as requiring the Mnrtgrtgrr h+ advance any
<br />moneys for any such pu rpcrge nor to do any art hereon der, and that Mortgagee shall nut incur any personal linhility hr•rausr of any- -
<br />thkng it may du ar omit to du hereunder.
<br />In the event of the. default by Mortgagor in the payment of any tnatallmrut, as rrquir.•tt by the Nntr secured heroby, ur
<br />in the perlnrmartce of the ahligatirnr in this mortgage ar in the Wort sex-urc•d thereby. the Mnrtgagrr shall ter r-ntitlyd to dra:lasv the
<br />deFit eseured hereby due and payable without notir~, anti the Murtgagre shall 6e entitled of rte uptton, without notirx. eritber by itself
<br />or by i receiver to ter appointed by the t`<ntrt thereat, and wittu~ritl regard to the adequacy of any seeurtty fur the imtrhtednrsa rre-
<br />cured hereby, to enter upon and take pt~etiaion cif th4 mw/gstged premises, and to collect and n•cetvr the yenta,, recurs and profits
<br />iher4at, anti apply the same, dew ctwts of upecitign, attd b'ef[ectiun, upon the indebtralnetw secured by this m.,rkgage, xaid re•ntn,
<br />isaura and prts~ita being 3ierehy ttetrgnerl to t`rie Mtsat*,ee xtt ttirlhrr xrrrurity ftyt tfte payment of nil indrF,t.~fne;s secured beer=hY
<br />'i'ht 11¢prtgegae chalk hive the pavvar to appoint wry agent nr hir'n~ it linty tlestrr fur ttu- purtxnr ..t r,y,aurng std prem-
<br />iarw; rrnnng the same; nrtlecting the rents, ri+yenues seek inerune, aced if rosy ply ruts of said inrvrmr aN rxf>r ti•?rw inrurrtd to renE•
<br />ing scut managing tEte carne infl of rxr!lcet(rtg the- ra#aG tl~refroa> 1'ha bslins~ trnrittting, it any. shall hr rtpplird Wward the
<br />discharge of the mortgage i:rdelrttrrtneea, This rteriintraent is ter terminate and hr¢'anr null and void utrt+n reteriar of ttu+ mortgazr
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