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<br />THE MORTGAGOR FURTHER COVENANTS AND AGREES:
<br />That the Mortgagor will pa}• the indehtednecv as hereintreforerpt~yvided, -
<br />That .the DHorkgagor is the dwner of said property in fee simple acrd has good right and lawful authority to sell and
<br />convey the same and that the same is free and Blear of any lien ar encumbrance: end ffiat Mortgagor will warrant and defend the
<br />bile to said premises against dhe daims of all persons whomsoever.
<br />Tq pay immediate{y when due acrd payable all general taxes; Special taxes, special assessments, water charges, sewer serv-
<br />ice cl:argea, and other fasces acid charges against said property, and all taxes levied on the debt secured hereby, end to furnish the
<br />Mortgagee, -upon request, with rho original or duplicate receipts therefor Tho Mortgagor agrees that there shall be added to
<br />each monthly payment required hereunder ar under the evidence of debt secured hereby an amount estimated by the Mortgagee
<br />to tae sufficient to enable the Mortgagee to pay, as they bernme due, alt taxes, assessments, and similar charges upon the prem-
<br />ises subject thereto; any deficiency because of the iRSUtftciency of such additional payments shall Fm forthwith deposited by the
<br />Mortgagor wfth't}ie-Mortgagee upon- demand by the htortgagce. Any default under this paragraph shall be deemed a default in
<br />payment of taxes, assessments, m similar charges required hereunder.
<br />>~` The Mortgagor agrees that there shall also tx• added to each monthly payment of principal and interest required here-
<br />under an amount estimated by the Mortgagee tti be sufficient to enable the R4ortgagee to pay, as it becomes due, the insurance
<br />,~ prenvum drt any insurance policy delivered !o the Mortgagee, Any deficie-icy because of the insufficiency of such additional pay-
<br />manta shalk be forthwith deposited 6y the Mortgagor with the Mortgagee upon demand by the Mortgagee. Any default under this
<br />paragraph shall lac deemed a default in the payment of insurance premiums, 1f the policy or policies deposited are such as.hume-
<br />t owners or aYl risk policies, anc! the deprssits are insufficient to pay the entire premium, the Mortgagee may apply the deposit to
<br />t~ lsay premiums on risks required to lie insurers by this mortgage.
<br />Tr Payments made by the Mortgagor unrier the shove treragraptrs may. al the option of Ihr Murlgagec. M held by it and
<br />rommfngled with other such funds nr its awn funds fur the payment of such items, and until so applied, such payments am hereby
<br />pledged as security for the unpaid balance of the murtgagr indebtedness.
<br />To procure, deliver to, and maintain for the benefit of the Mortgagee during the life of this mortgage original pctieies and
<br />renewals thereof, delivered at least ter, days before the expiration of any such policies, insuring against fire and other insurable
<br />haxatda, casualties, and contingencies as the Mortgagee may require, in an amount equal to the indebtedness secured by this
<br />Mortgage, and in companies acrnptable to the Mortgagee, with lose payable clause in favor of and in farm acceptable to the Mortga-
<br />gee. In the event any {xdicy is oat renewed ern or brfare ten days of its Expiration, the Mortgagee may procure inwrance un the
<br />improvements, pay the premium the:efor, sad such sum shall become immed:'atrly due and payable with interest at the rate set
<br />forth in said note until paid and shall tar secured by this mortgage. Failure oat the part of the Mortgagor to furnish such renewals
<br />as are herein required ur failure to pay any sumo arivanced hereunder shall, at the option of the Mortgagee, constitute a default
<br />under the to rtns of this mortgage. The delivery of such twlicies shalt, in the event of default. rons6tute an assignment of the un•
<br />earned premium.
<br />Any sums received by the Mortgagee by reason of toss ar damage insured against may tee retained 6y the t4ortgagee
<br />and applied toward the payment of the debt hereby secured, or, at the option of the Mortgagee, such sums wither wholly or in
<br />part may tse paid over to the Mortgagor to be used to repair such buildings or to build new buildings in their place or for any
<br />other purpose or object satisfactory to the Mortgagee withou! aRecting the lien an the mortgage for the full amount secured here-
<br />by before such payment ever tc,tik place-
<br />To promptly trpair. restore ur rebuild any kuildings or tmpro~~emrnts now ur hrreatier cur ilia prrtuis~ whiz li may be,
<br />tame damaged nr dent myrri; to keep said premises in guurl crutditiun anti repair and (err form any m»chanie's Itrn ar other tiro or
<br />claim rd lien snot expressly subardinatavt to the lien hrr.vd: not to cuff»r ar permit any unlawful use of ur any nuisance to rxtst on
<br />said ptvperty n:x to pertmtt waste rn sass prrmisrw, nor to do env other act whrn•tsy 4hr property tier~liy c~r.u+~.~d ~hnll tarrxan+r
<br />{ass valuable, our to dtminiafs or trrtpair tt-s vatu» tsy env sr# or omr.4inn to art. i.r r'omp(v with ail _ -r:=iiirntx ..t fa,.t- ,~-.t}. r~r,~,e
<br />to the rruirtgaftrd premi'es and the use thrrraf.
<br />Y'hat should th» premix»s ur env part lhrn•a! br taken ur +lamagerl hY rraun of utst uuhl:c s- ~±.s,-~~n~ ~_ ~~~
<br />pnaceeding, ar under the right of rmrtirnt d+,rnain, ur in any other manner, the Mortgagee .trail fir rntitlcvt !n alt ts,mt,rnsaUrxntr
<br />awards, and any other payment ur r«{irf therefor. and 4ha!I fir en4itleci, at its option, to cunimrnc». a{starer :n and prrw~•iitr to t4
<br />awn Rene any aMion or pnscrrdin{t, ur to make any asmpromiar ur settlement in connrctiun wtth such taking ur damage All +uch
<br />eempensation, awards, damages. right of action and prsicet+tls are hrrehy asaigneri to the Mortgagee, who may, after detiuctina
<br />thernfmm all its expenses, erirasr any moneys sn rrcetved by i! ur apply the same on any indrMerlnrra srcurwi hereby The Mort
<br />jags}r agrMS to exetvte surfs furxher assignments of any cumlwnsatrun, awards, damages. and rights of action anf prr,crc*cl+ ax the
<br />Mortttarsse may require.
<br />7'ha4 to Camp u( fadvcrr tti prrfurni an} i.) t#.c= iui entente fir rout, t}rr ~lutlt;agrr nw} •1., ..u ti,. \1+!rt`,r~..i . iv halt ~ r: ih;nr;
<br />so ttavrnantecl; that thi Mortgagee may also do any at•t tt may dr»m riearssarj to pnsb•ct the hen thereof, t}iat the !lkrrtt;agor will
<br />rFpay upon demand any moneys paid err dis6iirarct by the MartBaBrr fur any of the ahrwe purtrrrtcrx, and such tnam•yx tcigettirr with ,
<br />ihlereat thereon at the rate prmided in xaul natr shall tw•otnr so north addrliutial tndrht»:ine+.: hrrrty vrcurrd and may M^ in~i'°•
<br />eluded in any decree forecloaing this murlga#tr sort F,r paid out ut th+• rents or trrvx•r»ds cif .nle of said pr.•rnikri. if mst uthrrwixe=.--
<br />paid; that it shaft not !ae obligatory ufrrrrs the Mortgagee r„ rrsquir» into the vahdtty of art} {ten. rnrumtsrancra, ur claim in art-Lr.
<br />vanCing maneya as above aUtlwrirr.i, lxui nulh#ng ter rc=r#i contain»:1 alt Si( tw rrvsstrurri as rvquinng thr Murtgak»r to atlvancr any},€:`
<br />mrittays tar any ouch purtiusr nor to do ant set hereunder: and that hte,rtgattrr she!! n,t incur env t-.r rs.rnal liahihty tw•eauti» of ~nv.,~
<br />thtrtg it nwY da or ricer{t to do hFraitndrr.
<br />~..
<br />- fn the event of the rta(auit hr MurtttaRor sn 4he tutymrnt +rf env seta,{aiim.+ril. as requir+-a1 hr stir Nutt at~urrd hrrehy, ur
<br />in the (~arforvuare>+a ~ the a~liaatiun itr this nnzrtgags tsr in the note tasrtrnicl ttwreby, stir MurttiaKrr shall !sr courted to drx:larr the ;
<br />debt secured hereby due anti payable w{thuut notitxt. and the Mortaagpe shaft hr rntit{rd st fur option, without natccw, either by itself '__
<br />nr by a r[tCeiv'eP tti br apluHntrtt by the court thrrwif, and without regent to the adequacy al any security fur the inrlrhtrdnrss ~-
<br />cured hereby, to enter upon-and tetra fwasrswiun of ttia mortgaged premiers, and W cotlret sort receive the rrntg, issuers and Irn.fits
<br />tharept, and.app{Y the, sttme, lastt_suds of operatran acid eolfes~tton, upon the ihtlebtrdnraa xecured by Itii3 muatx#igr, said rents,
<br />tiattee attd pri~ta bairrg hereby asa~ghcd to the Mortgagee as further srruri2}• for the tiavnient of all indebtedness sreurrri hereby.
<br />.,- -` `Tlie Mo+igaSise ttihafl-~liave the power to appatnt arty agent ar asetrtta it may desire for the purfaisr of repairing said prrm-
<br />isas: mnt{ng the same; trollecting the yenta, revenues and incumo, errtd it may pay nut of said intyime all expenses mr't#rn:el in rent-
<br />ing and managing the same and of cu-lecting ihr rentals thrtwfrom. The hafanre rcmaintnK if any. xhalt hr at,phr.i toward the
<br />discharge of the morfsaga indabtadnetra. This aasignrrreRt is to terminate and become null attd void upon release ut thta mortpatte,
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