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^T'tflE. Mf)~'JkiE"xCiEt '. ~"~'fATI~fP%.Il: C+~tirl~k~l,ft~i±'?l"ra- ~Piil'f3 Af~"R'J~~: That the Mortgagor wit! pay the indebtedness ~ hexeinhefore pr~vidrrl. That the Mortgagor is the owner of said property in fee simple and has good right and lawful authority to salt and crrrvey t::e :.~rne_and fhaf the same is free and clear of any lien or encumbrance: and that Mortgagor will warrant anti defend ihv title tc said premises against 4he claims of- a!1 person whomsoever. ~~ Tn pay immediately when clue and payable al# general taxes, special taxc ,special assessments, water charges, sewer ~en'- ^! ice chargr_<. and other taxes and charges against said property, and all fazes IeviFd on the debt secured herety. and to furnish the '~ Mortgagee, upon request, with Lhe original or duplicate receipts therefoc- The hiortgagctr agrees that there shall he added to .;~ each monthly payment required hereunder or under the evidence of debt =neared hereby ar: amount estimated by the Mortgagee to be sufficient to enable the Mortgagee to pay, as they become due, a31 taxes, assessments, and similar charges upon the prem- R ises subject thereto; any deficiency because of the insufficienr~ of such additional payment shad be forthwith deposited by the l Mortgagor will: the Mortgagee ufwn demand uy the ..x.:u:`gagee- p_n>' •lnfardt under tFsis paragraph shalt he deemed a defat:lt in ~ payment of taxes. assessments, nr similar charges required hereunder. ~ The Mortgagor agrees that there shah also be added to Hach monthly payment of principal and interest required here- under an amount estimated b-r the bortgagee to be sufficient to enable the 'Mortgagee to pay, as it becomes due, the insu ranm premium nn any insurance puGcy delivered to the hfortgagee. Any rieficiencv because nt the insutficiency of such additional pay- ments shall be forthwith depositedi by the Mortgagor with the Mortgagee uprm demand by the ltnrtgagPe. Any defauh under this paragzaph shad he deemed a default in the payment of insurance premiums. Lf the policy or policies deposited are such as hstme- owners nr aH risk policies, and the deposit are insuf&cient Lo i;a}• the rntirN premium. the DtortgageF-mac apph• th.> det~sit to pay premiums on risks required to Ire insured by this mortgage. Payments made by the Mortgagor under the shoe.- paragraphs may. ai the option ~~f the Mortgagee, be herd by- it and commingleh with other such funnels or its own fund. for the payment of such items. and until so applied, such payments am hereby pledged as security for the unpairi balance of the mortgage indebtedness. To procure, deliver to, and maintain fur the tunefit of ifie Rlurtgagee during the life of this mortgage origins! policies and rererals tharuot, relivered at least ±en days tx>fore the expiration of any such policies, insuring against fire and other insurable hazards, casualties, and contingencies as the Mortgagee may require, in an amount equal to the indebtedness secured by ibis Mortgage, and ir. companies acceptable to the Mortgagee. with loss payable clause in favor of and in form aceep[ahle to the ltfnrtga- gee. Ln the event any Policy is not renewed nn or tx+fure Yen days uE its expiration. the Aortgagee may procure insurance un the improvements, pay the aremium therefor, and such sum ;hat! bec.,me immediately due and payaber> with interest at the race set forth in said note until paid and shall t-w xr-cured by ibis mortgage. Failure on the part of the lbiortgagor to furnish such renewals as are herein required or failure to pay any sums advancrKt he reun<!er shalt, at the option of the Mortgagee. constitute a default under the terms of this mortgage. The delivery o[ .etch pnGci~s shall, in the event of rlefauk, constitute an assignment cf the un- earned premium. Any sums received try the' Mortgagee 1:y reason of loss or damage iasuted against may be retainers by the Mortgagee sod applied toward the Payment of the debt hereby secured, cr- at the option cf the 9lorigagee, such sums either wholly or in part may be Paid over to the Mortgagor to 6e used 4r repair such buildings or to build new buildings in their place or for any other purpose or object satisfactory to the Mortgagee wiihaut affecting the lien on the mortgage for the ful{ amount secured here by before such payment ever took place. To promptly repair, caste%re ur rebuild any 1uildings r.r ten S;r+,}rm~~nLS now ur hereafter un the premises which may he~ come damaged nr destn~Y~i; to keep said Premises in gctrxl condition and repair and free from any mechanic`s lien or other lien or claim of lien not expressly subordinated to the lien hereof: not to softer ,!r permit any unlawful use of or any nuisance to exist nn said Froperty nor to permit waste on said premises, nor to do any other act whereby the property hereby conveyed shall become less valuable, nor to diminish cr imttair its value by any act nr r>missiun iu art-. Er:.-~+mpl-: :ei*-h a!1 req e;irements ut law with respect - fo the mortgaged Premises aetrl the use thereof. - Thal should the Premises or any pars thereof hr• taken ±>r damaged by reason of any public imprm.•ement or condemnation proceeding, of under thy' right of eminent domain. or in any other manner, the hortgagee shat! be entitled Co ail compensations. awards, and soy other payment or relief therefor, and shalt be entitled, at its option. to commence, appear in and Prrxsecute -in -eta own name any action or proceeding, ur to make any compromise ur settlement in connection with such taking or damage. Alt such easnpec~ef.ion. awards, damages. right of action and proceeds are hereby assigned to Lhe Mortgagee, who rosy. after deducting therefrom all its expenses, release any moneys so received by it or apply the same on any indebtedness secured hereby. The Mort- , gagor agrees to execute such further assignment of any compensation. awards, damages, and rights of action and proceeds as the ~° - Mortgagee cosy require. That in case o[ failure to perform any of the covenant herein, the Mortgagee may do nn the Mortgagor's t,ehalt ~eg~rything s' - so covenanted: that the Mortgagee may also do any act it may deem necessary to Protect the lien thereof: that the Murt a or will - repay upon demand any moneys paid or disbursed by the Mortgagee for any of the above purposes, and such moneys together with +.. interest thereon at the rate provided in said note shalt Fx:come so much additional indebtedness hereby secured and may be in- cluded in any decree toreclrtsing thix mortgage and Frr+ paid out. of the rent nr proceeds of gale nt said premises if not otherwise paid; that it shall not txt obligatory upon the Mortgagee tc. inyuire info the validii-y of any lien. encumbrances. ur claim in ad- vancing moneys as above authorized. but nothing herein contained shall be construed as requiring the Mortgagee fo advance any moneys for any such purpose nor to do any act hereunder; and that Mortgagee shall not incur any personal liability because of any- thing ii--may do or omit W do hereunder. - - - In the event of the default by Mortgagor in the payment of an}• installment, a3 required by the Note secured hereby, or in the performance of the obligation in this mortgage ar in the note secured thereby, the Mortgagee shall he entitled to declare the _ debt secured hereby due-and payable without notice, and the Mo;tgagee shall be entitled at it option, without notice, either by itself - or by ti KeCeiver to be appointed by the court thereof, and without regard to the adequacy of an}• security for [he indebtedness se- cured Hereby, #o eater lfputt and take posbes-+Son of the mortgaged prerniaes,-and to collect and receive-the rents, issues and pttrfits _ thereof, and~spftlY- tht ssYiie; .lase costs of operation end-mtlection, upon the -indebtedness secured--by this mortgage; said rents, issues and psditE 1fEing fiereby-assigned to the imfattgagee as further security--far llsa payment of atf indebtedness secured hereby. - The.Mo;ig6gee.shall have the power to appoint any agent or agent it may desire for the purpose of repairing said prem- lees; renting the same; colleoting. the rents, reyer,ties and income, and it may pay trot of said income all expenses incurred in rent- ing and mensging•the same andof-colleetirig-the recitals therefrom. The balance remaining, if any, shall be applied toward the - discharge of the mortgage indebtedness. This aasigrrment is to terminate and become Wulf and void upon release of this mortgage.