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THE MORTGAGOR FURTHER COVENANTS AND AGREES:
<br />');hat the Mortgaqor will pay the indebtedness as hereinbr•tnrr p'romidetl." , +. .
<br />...,.,r , s ~. t_1 i. ..
<br />That the Mortgagor is the owner of said property in fee simple and has Rood right and lawful authority to set! and
<br />convey the same and that the same-ia free and clear of any lien or encumbrance: and that Mortgagor will warrant and defend the
<br />title to said premises agairiet the claims of alt persons whcxnsaeve r.
<br />To pay immediately when due and payable atl general taxes, special taxes, special assessments. water charges, sewer serv-
<br />ice charges, and other taxes and-charges against acid property,-and ail taxes-levied on the debt secured hereby, and to turnis' the
<br />Mortgagee, upon request, with the .original or duplicake receipts therefor: The Mortgagor agrees that there shall 6e added to
<br />each monthly payment required hereunder or under the evidence n( debt secured hereby an amount estimated by the Mortgagee
<br />Eo be sufficient to enable the Mortgagee to pay, as khey become due, alt taxes, assessments, and similar charges upon the prem-
<br />Q lees subject thereto; any defciency because of the insufficiency of such additional payments shall he forthwith deposited by the
<br />Ivfortgagor wit}t the Mortgagee upon demand by the Mortgagee. Any default under this paragraph shalt t+e deemed a default in
<br />payment of taxes, assessments, or similar charges required hereunder. -
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<br />~ The Mortgaqor agrees that there shalt also be added to each monthly payment of principal sort interest required here-
<br />«i under an amount estimated by the Alnrfgagee to be sufficient to rnabh• "the Mortgagee to pay. as it bernmes clue, the insurance
<br />premium wt any insurance fwlicy delivered to the Mortgagee. Any deficiency because of the insufficiency ui such additional pay-
<br />' menu .hall he tort hwith deposited by the Mortgagor with tbe• bfortgagec upon demand by the Mortgagee. Any default under this
<br />~ paragraph shall be deemed a default in the payment of insurance premiums. if the policy or policies depr>_sited are sash as home-
<br />owners or all risk policies, and the deposits are insufficient to pay the entire premium, the Mortgagee may apply the deposR to
<br />pay premiums on risks required to be insured by this mortgage. -
<br />Payments made by the Mortgaqor under the above paragraphs may. ai rho option of the Mortgaqor, br lu•Id b. +t and
<br />commingled with other such funds nr its own funds fur the payment of such items, and until so applied, such payments are hrreM•
<br />plrrlgerl as security fur the unpaid balance of the mortgage indebtedness.
<br />To procure, deliver tu, and maintain for the benefit of the Mortgagee during the life of this mortgage original policies and
<br />renewals thereof, deliverrsi at bast ten days before the czpiratiun of any such policies, insuring against fire and other insurable
<br />hazards; casualties, and contingencies a-a the Mortgagoa• nlay require, in an amount equal to the indebtedness seeurerl by this
<br />Mortgage, end in companies acceptable 4, the Mortgagee, with loss payable clause in favor of sort in form acceptable to the Mortga-
<br />Ree. In the event any policy is not renrwerl un or to+forr ten days ut itv expiration. the Mortgagee may procure insurance un the
<br />improvements, pay the premium lhrre(or, and such sum shall 1RCUmC immediately due and payable with interest at the rate set
<br />faith in said note unfit Paid and shall Fr secured by this mortgage. Failure on the part of tfie Mortgagor to furnish such renewals
<br />as are herein required ur failure to pay any sums advanced hrrrundrr shall, at the option of the Mortgagee, constitute a default
<br />under the terms of this mortgage. Thr delivery of sur•h policies shall, in the event of default constitute an assignmrnE of the um
<br />earned premium.
<br />Any sumo received by the Mortgagee by reason of loss or damage insured against may he retained by the Mortgagee
<br />and applied toward the payment of the debt hereby secured, or, at the option of the Mortgagee, such sums either wholly or in
<br />part may tm paid over m the Mortgagor to be used ut repair such buildings or to build new buildings in their place er (nr any
<br />other purpose or object satisfactory to the 61nrtgagee without aRrrfing tho lien on the mortgage for the toll amount m•cu red here-
<br />by 'Mfi>re such payment ever tcx,k place- -
<br />To promptly repair, restore ur rebuild any buildings or improvements now ur hrtrafter on the premises which may be-
<br />come damaged or destroyed; to keep said premises in gorxl amdition and •repair sort fear from any mechanic's lien or other lien or
<br />claim of lien not expressly sulx+rdinated to the ben hereoft not to suffer or permit any unlawful use of or any nuisance to exist nn
<br />said property nor to permit waste on satd premises, nor to do any other act whereby the Property hereby conveyed shall hecttme
<br />leas valuable, nor to diminish or impair its valor by any act or orris.+ron to sett to comply with al! regwrrments .d taw with respect
<br />to the mortgaged premises and the use thereof.
<br />That should the premiers ar any part thereof tee taken nr darnaK+-d by reason of any public impnw••ment ur condemnation
<br />prceeeding, or under the right of eminent d~main..,r to any other nunmrc the Mortgagoe• shell b<• rntitl ~i to all rY,mfm rtsatinns.
<br />awards. ant4 any ut her payment or relief [hrrrfur, anal Chu!! be en Gtk•.}, at :t, up[+un, t:, ...:v~re+:-+,. r, aptxar +,: a+r,t F•n:,aa~u t.- +u itx
<br />c1Wtt name any action or err=~srding, or 4, nrakr any comprumi3e ur aE,tttemt,nt in onnnration with ,uch t§kinYs or dame. All suers
<br />cWnprttttatrtn, awards, damages, right of action and pnreeeda are hereby aeaigned to the Martgeger, who may. after deducting
<br />ttrrrev`ronr sit its rxFrrrt>r+-s, s.-•lea~ any m€lnays >:r~ --,vc•l by' it or apply the Same -., arty inrli-6tadr,e~~---, -reaty_ Th='+2rkrrt-
<br />gaRZ:r egrzr~ €s ~etart~ sue-h far#F~•r a°signmt=nts s++! anv c<s-np~n^_st+a+n. avarai£. +iamaK~,, a .zl r.,,- .s .,. ~}~;n are'. p P€ac~-€fs a~ t4:
<br />MortBaRc'e may ttpuire.
<br />That in tear o[ failure to Irerlurm any ut the covenants hrrern, the Mortgagee may fir .e;Z :he Mortgagor's behalf rvrn'thinq
<br />so thvenantrd; that the Mortgagor may also rln nny art it rose deem „ .scary t.• pr+,Iret !hr lien fhr rroL flint the MortKaK.•r will
<br />repay upon demand any moneys paid or disk.a nod be the Murtgagr+~Px,r any of the aMwo pure..-+r-c and ,uch m.,n~ti. t.~q.~thr•r w+th
<br />interest thereon at the rata provided in said outs shall hrn,me su much additional mdrMrdnrs., hrrrM ..-, u i and may ttr it+~
<br />eluded in any decree foreclosing this murtKagr and i,e paid out of the rents nr pn,ceeds of safe of said prem+srs if not athrrwtsr~
<br />pttd; that it shell not bc• ubligatury upon the MortKagee t+. inquire into the validity of any lien, encumhrenees, or claim in ed
<br />varrcing moneys ua abtwr authorized, but nothing herein contained shall k>,• construrst as requir+ng the MurtKager !,: advance any
<br />moneys tar any such purpose nor to do any act hrrrundrr: and that Mortgagor :hall not incur any ia•rsuna{ liubdrty Fwcaas.• of anv•
<br />thing it may do nr omit to do hereunder - "
<br />In Ihu event of the default Ly R1.,rtKaaur to the payment ut any +nstaltmrnt as rr•yuirrd t+y the ti,:te secured hrn•t?ti. ort'"'
<br />in the pr!rforrtnuncr of the obligahun in this mortgaxe „r ut the note sra•ura•d thurehy. the Mortgagee 3tudl t~ ,-n[ulyd tr, der-ta rr thr'~-~
<br />debt assured hereby due seal payable wtthuut notice, ru+d the i•lort{tage+! shall ha• rntttlyd at its option. without nottcr- either 6y itself'.
<br />ar by a rrtx•iver to lx• appal ntwi 6y the ruu rt therrv,f, and without rrgan) d> the adryuacy of any ,rcurity for the mdrhterlnrsa sr~
<br />corett horvby, to enter upon and lake txursaasir+rt of Khe mortgaged pt'emisra. alai to cnllect and rrce+vr the rants, +syuea and profits
<br />thrr,~~, an=? aY,ply the etc, t c~!a - f ~ rat ~ ~n} cr?rlr, tia~, >_ x+n the- 1 t i .:•tfrt=_~~ cured h • this m _rtga$e, ~iei r=•nr~,
<br />issues artd profits being hereby assigarr! to the l+durtgasrr as ttatther •'r~urity for the pay:r+rnt +.f ail +a,irht«r}t:e'•a serure4~l hereby.
<br />Tht• MortgaBtx ehaU have the. power Gr appoint ally agent err agents it tray drsi re for the t,urt:.'su• ,.t rrpatring said peens
<br />lees, rruti ng +he same-, roTirvtlnK the rents, revwrtues and iruwr,r, amt it m8y° pay out of +wid +ru~>•nu• ;alt .~x t~.~rr.,=, ,+u~urr„i ,+-»+
<br />itiH Aral tritrnxging the same and of rolMeting !ha rentals fherctnxn Ttu+ balance rrmaininK it any, xhaA ta• applied toward the
<br />disrharRa ~ the tnortBage indBbtQdn®irA. 1'hb~+itaiw;nmeat tw to tertninatr aru! heermu• null sort ,u,.f upo„ rel,~a,. t tf,,, n,., ~tq.r,,.
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