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<br />THE MORTGAGOR FURTHER COVENANTS AND AGREES:
<br />That Ehe Mortgagor will pay the indehtrdness as hereinbrfore provit~tr~a
<br />That fbe.Mnrtgagor is the awncr of said property. in fee simple and has good right and lawful anthurity tr :;ell and
<br />convey the same and ihaf the asters-is fcee and clear of any Lien or encumbrance: and that Mortgagor w~i,l e:.,r,-:mt and rtr•L>nd the
<br />title to said premises against the claims of all persons wfiornwrever.
<br />To pay immediately when~due~ana payable alt genet:al taxes, special taxes, special assessments, water charges, sewer serv-
<br />ices charges, and other taxes and.cfsarges against said property, anQ all-taxes leered vn the debt secured hereby. and to furnish the
<br />Mortgagee„ upon request, with the original or duplicate receipts therefor. The Mortgagor agrees that there shall be added to
<br />each monthly payment required hereunder or under the evidence of debt secured hereby an amount estimated by the Mortgagee
<br />t~ to be suRirient to enable the Mortgagee to pay, as they become due, alt taxes, assessments, and similar charges upon the prem-
<br />lass subject thereto; any deficiency because of the insufficiency of such additional paymen Ls shall Fm forthwith deposited by the
<br />p,ry Mortgagor with the Mortgagee. open dernand try the Rortgagee. Any default under this paragraph shalt }+[• deemed a default in
<br />_ payment of .axes, sssessmen Ls, or similar charges inquired hereunder.
<br />-~ The Mortgagor agrees that there shall also Ire added to each monthly payment of principal and interest required here-
<br />under an amount estimated by the Mortgagee to by sufficient to enable the Mortgagee trr pay, as it t>ecom~s clue, the insurance
<br />premium on any ir..urance policy delivered to the Mortgagee. Any deficiency because. of the insufficiency of such additional pay-
<br />01 menu shall ter forthwith deposited by the Mortgagor with the Mortgagor upon demand by the Mortgagee. Any default unc}rr this
<br />~ Raragraph shall he deemed a default in the payment ot" insurance premiums. if the policy or f°icirs rletxrsitrd are such as in+mr~
<br />owners r!r all risk policies, and the delxrsits err insufficient to pay the entire premium, the Mortgagee may apply the depasrt to
<br />pay premiums un risks required to t+e insurr•ri by this mortgage.
<br />Payments iiiarle by-the Mortgagor unrlrr fhe above paragraphs may, at the option of the Mortgagee, Fx• held by rt and
<br />a•ornmingfed with other such funds or it< own (nods for the payment o~ such items, and until so applied, such payments are hrrehy
<br />pledged as security for the unpaid balance of titr mortgage indebtedness.
<br />To firrxvrr, deliver h,, and rnamtain for the benefit uF the Mortgagee during the life of this mortgage original policies and
<br />renewals thereof, delivered at }east ten days trefon+ the expiration of any such polia•ies, insuring against fire and other insurahte
<br />hazards, casualties, and contingencies as the Mortgagee may require, in an amount equal to the indebtedness secured by this
<br />Mortgage, and in companies arxrptahle tr, the Mortgaf.rr, with Inns payable clause in favor of and in form acceptable to the Adortga-
<br />nor, in tier event env pohrv is nor renewed rm nr t><efere ten days of it- expiration. the i<iortgagee may urxa•ure :nsuranrr ur. the
<br />improvements, pay the premium thrrrfor, and such sum shat} brKx+me immediately clue and payable with interest at the rate set
<br />forth in said note until paid and .hall M• secured by this mortgage. Failure mi the part of the 4lortgagnr to furnish such renewals
<br />as are herein required ur failure to pay any sums advanced hereunder shalt at the option of the Mortgagee, constitute a default
<br />under the terms of this mortgage. The drlivrry of such policies shall, in the event of default, constitute an assignment of the un-
<br />earned premium.
<br />Any sums recrivecl try the Mortgagee try reason ei loss err damage insured against may tx• n-tainrvi by the wlurtgagee
<br />and applied toward the payment of the debt hereby secured, ur, at the option of the Mortgagee, such sums either wholly or in
<br />part may be paid over m the Mortgagor to Ire used to repair such buildings nr to build new buildings in their pleas or for any
<br />other purpose or ohjn~t satisfactory to the Mortgagee without aRarting the lien on the mnrlgage tar the full amount secured here
<br />by before such payment ever look place.
<br />To promptly repair, restore or rebuild any buildings nr improvements now nr hereafter on the premises which ma}• he-
<br />camc damaged or destroyed: to keep said premises in gax3 conditian and repair anr} tree from any mar}tank's lien or other lien or
<br />claim of lien not ezprrssty sutrcrrdinated to the lien hereof; nut to suffer ur permit any unlawful usr• of cr any nuisance to exist nn
<br />raid property oar tv pem.if waste nn said premises, nor to do ary other act whereby fhe prrperty Ili-crby rrnveyrd xhatt hpeim2
<br />leas valuahie, nor to ciiminiah cr im~i.* its value by any act rrr omi._rion to act. to crmp}~~ w•ifir all ..*rvJ uiremr-^-fs ••f taw with respect
<br />[o the mortgaged premises and the use thrreot.
<br />That should the prr~ni>•r* oe any };art thereof }+,- r<lkrn ++r damaged by reason ..f . -r rotor imper vrrrrrni or coanrmnatmn
<br />prw;~rc..}ri{{, nr uncle°r the right or rn.inrnt drunain, rsr in any other manner. fhe Morfgasas shall br entitled te= alt axaatlrensatiatts,
<br />awards, and any rather payment yr rctief therefor, am} shalt tx• entitled, at its aptinn, ice rermmen~, appear i9 and prlsccake in it4
<br />own rtanar arty ac-lien -r . -cs era .. ~,akr any aasap. s: - ~fttrm •nt - _ - w;th sy~h tasirtg t•r darn_ge ~[? such
<br />c_ompetusatiuu, awards d~rraKa°+ right ofracticrir anal pxxea41s are+ he rt•v aisinn:a! soothe Riurtxs~ __ who may_ after ci>rcJueti~=
<br />ttlerefrom all its ex{+rnses, reia•a»a• any m,n,• y. wu n•very rvi he a or apt Iv rho .anu . c un r•i,~hh•.iru ~~ ,sound h.veh}' Thr \t"rt
<br />6aRor att[eee to execute such Iurther assignments of any cornllrr•nsatton. awarvls. damage. and rrxhcs of act.€+n sad prr,crrrds a.. the
<br />Mor~agcw ttutY require..
<br />'t'hat in case nE failure to perfnrrn any of the covraants hr rein. the 1ortgagee may do on the Mortxagor's behalf evrrythinq
<br />sa covrnartteri; that ihr- Mortgagee may also do any act if may diem aerti•ss,ary ter pr~rtrvY the }ten therr•r~f-, that the ;vfartttagvr wits
<br />tppay upon demand any moneys paid cr de.hurvd by the Mortgagee (or any cf fhe atxrvr purt++k`a's. and ~auch moneys together with"_~
<br />intereai thereon at the rear pnrvidrd in usid note shall ta•come sa much adr}rhunrt uxirbtrdnrc> he-rrh! ..^cunvi and may tx in--,_
<br />eluded in any decree kxrelosinq this mnrtgagr and }rr paid out of the rents or pravruis a,f .ate of sent prr•misr-+ it not uthrrwistti`
<br />paid: that it shall nt,t ter ottliRakrrry nixes the Mortgagee to inqurrr tutu the validity of env (ten. a,ncumhranrrs, +rr claim an adw-
<br />vetuing mnnt+ya as abwr authurtzrd- but nothing herein runiamcri shalt ter construed as re~qu.rrng ells M€+rrgagrr io advanrr anY ,
<br />nwneya fur any such purtxrsre nor to e$r any art hereunder, and that Mortgaxw• chaff not ,nor any lrrnunal hahdity hrrausr uF any~•
<br />thing It may do nr omit to du hrrrundrr
<br />to tho event of the rirfau}t by Mortgagor in th.• payment of say rnatalliarnt, as raywrr=<i hs the Notr arcureat hereby, or
<br />in the prrfvrmanar r,f the +rtrtigatlvn m thte mortgaxr ur in tha• note saxvn•d thereby, the Mortgagee shall tx+ rntrtled to dealers the
<br />debt secured hrrr}+y dae aru} payable wtihvut notice. sort the MnrtgaKe«. shalt hr rnu}led at its optic n. w-ethout notice. ritha=r by itaell
<br />or try a n,•a-eivar to t+r ap:x.~ n+..f by tt=:• c+.urr zhe r.•r+f. atul without rrgard r.. the sear+tuaa'v ••t zany ••.c:.!tet•• f„r e4,.. io.}ebtrdnras sa
<br />L'RtrlYt hereby, to enter u(-a!r! arY-i fella ir.~+raslu!! r.t t}ate nlrrrfttagrat p[ertlt._ra, atuf laW L:uliea'l +lrsd r.~va.~r ihr ra•1 fY, ++su.--3 data} l~rofitx
<br />t.henertf, and apply the same, .less ccvat~s- of cgrrratirrti and edttecfion. upon the indebtrKlnrss scrureri by Ehis mortgage, said ernts.
<br />tunes and praAta being hereby assignret [n tM• Mortgagee as further security for the payment of all indrbtrdnrss sarura+r# hereby
<br />Tile Martgagaar shall have the paywer to appoirN any agent ar agprlta it may desire far the pu rtxwe of repairin{f said prem-
<br />ises: renting the wanle; cr+ltrctirlg ihr rents, ravrtuuex aruf inrottfe, and it meY pay rut of said incurrlr a}! expe•nr€r:+ inrurraal en rrnt•
<br />ing and managing the same and of collecting the rentals fhrrefrvm. The ba[ance remaining, if any, shalt hr apfrlia•.} Inward the
<br />discharge of the marigage inrlebtedrreas Thts uaianmtnt is to terminate and bernme null and vnid upon re•Iease of this mortgage
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