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<br />TkfE MORTGAGOR FURTHER COVENANTS AND AGREES:
<br />That the Mortgagor will pay the indebtedness as hereinbefore provided .,_ -
<br /># Yrs..
<br />Thy.the.; rtgag Pr Y p { ~~ :. r: ~ p -
<br />Mo or is the owner of .said pro r! fn fee sim le and has go~ ~~1iP$rtd (awful authority to sell and
<br />convey the same soil fhat the-eapxa itt free and clear of arty Tien or encumbranr,•e; and that Morfgagor well warrant and defend the
<br />title to said premises against tJte cl$ims of all persons whomsoever- _ - - --
<br />To payirmtierliately When due and payable ail general taxes, special taxes, special assessments. water charges, sewer serv-
<br />ice charges; and other taxes and charges against said property, and-all taxes levier! un the rlrbt secured hereby, and to furnish the
<br />Mortgagee.. upon requesf: with the original or duplicate receipts theretur. The ;LSortgagor agrees that there shall 6e added to
<br />each monthly payment required hereunder nr under [he evidence of debt secured hereby an amount estimated by the Mortgagee
<br />to be auHicient to enable the Mortgagee to pay, as they become due, all taxes, assessments, and similar charges upon the prem-
<br />"'" tees subject thereto any deficiency becartse of the insufficiency of such additional payments shall he forthwith deposited by the
<br />G~ ,.Mortgagor wttli'.the ~,lotg8gre.ttpon'.,demand by the Mortgagee. Any default under this paragraph shalt tae deemed a default in
<br />~ paymenf of taxes, assessments, rir similar charges required hereunrlrr. - - ~--
<br />....
<br />~, The Mortgagor agrees that there shall also he arided [o each monthly payment of principal and interest required here-
<br />under an amount estimated by the Mortgagee ter be sufficient to enable ie~e Mortgagee to pay, as it becomes due, the insurance
<br />premium eery any insurance policy delivered to the Mortgagee. Any deficiency because of the insufficiency of such additional pay-
<br />~ meets shat) tx• tbrthwith deposited by the Mortgagor with the Mortgagee upon demand by the Mortgagee. Any default under this
<br />Aaragraph shall be dremeci a default in the payment of insurance premiums. /f the policy or policies deposited are such as Fn,me-
<br />owners or all risk policies, and the deposits are insufBcienl to pay the entire premium, the Mortgagee may apply the depa:rit to
<br />pay premiums on risks required to he insured by this mortgage. , -,
<br />Payments made by the Mortgagor under the at>•lve paragraphs may, at the option of the Mortgagee, be held by it and
<br />eammingled with ether such funds ar its own funds for the payment of such itemx, and until so applied, such payments are hereby
<br />pledged as security for the unpaid balance of the mortgage indebtedness.
<br />To procure, deliver to, and maintain for the benefit of the Mortgagee during the life of this mortgage original policies and
<br />renewals thereof, deliverers at least ten days before the expiration of any such policies, insuring against Fire and oUie[ insurahce
<br />hararda, cssualties, and cnnt;aa~ ~ the Mortgagee may require, in an amount equal to the indebtedness secured by thin
<br />Mortgage, and in companies acceptable to the Mortgagee, with loss payable clause in favor of and in form acceptable to the \lortga-
<br />gee. In the event any policy is not renewrvl on or before [en days of its expirauon, the Aortgagee may procure insurance on the
<br />improvements. pay the premium therefor, and such sum shalt trcome immediately due and payable with interest at the rate set
<br />forth in said note until paid and shall be securr.Ki by this mortgage. Failure on the part of the Mortgagor to furnish such renewals
<br />as are herein required or tailors to pay any sums advancer! hereunder shall, at the option of the Mortgagee, constitute a riefault
<br />under the terms of this mortgage. Thr delivery of such policies shall, in the event n( rlrfault constitute an assignment of the un-
<br />earned premium.
<br />Any soma 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 sumx either wholly ur in
<br />part may be pair! ever to the Mortgagor to be used to repair such buildings or to build new buildings in their place or far $ny
<br />other purpose or object satisfactory to the Mortgagee without aRecting the lien nn the mortgage for the Lull amount sr'rureel here-
<br />by before such payment ever funk place.
<br />To promptly repair, restore or rebuild any buildings or improvements now or hrreatter err the premises which may he-
<br />cnme damage(! or destroyed: to keep said premiers in gaud runrliuun and n•{~aic and Irrc• fresco any mr-cteanic'+ Itr•n ,.r e.t her tian ar
<br />claim of lien tint exprr~aty sulwrdinatrd to the Len trereof, not to coffer or {arrmit any unlswtul use crf or any nuisanc':? to extol ~
<br />~d prnftrrty €n=r to permit waste .:r, sate( pry-rrris•s, nor to du any c,t her a<t whereby the property Le.-eby rirnvey.•d strait 1[ctnmc
<br />fen valuable, nos to diminish ur rmpair its valor by any act nr omission to act, to r•nmply with all requirrrrtenlx_ ut taw with rest
<br />to the tnartgagrd premises and the use thereof.
<br />'t'hat shook! the prrmtsra ar soy part thereof he taken or damagrrl by reason of any puhhc rmprovrm«nt or cundamnation
<br />ptxicealing, or under the righE of aminrnt domain, nr in any other manner, the hfortgagre shaft tx• rnutlyd to all ertmprnsaUona,
<br />awards, and any other payment or relief therefor, and shall 6e entitlrct, at its aptton, to cotnmrrµe, npprar in oral prasetytte in its
<br />awn name any action ur pra•eeding, ur to make any ccrmpromiae or settkmrnt to connection witty such taking or damage Alt such
<br />caitnpetwtion, awards, damages, right of action and proceeds are hereby assigned to the Mortgagee, who may, after deducting
<br />therefrom all its expenses, release any moneys so recetvrd 6y it ur apply the same :,n any indehtwlnrss securer( trrreby Thr MorE-
<br />tpstor at;erats to exentte such further a+uignmenta of any comfrrnvatron. awards, damages, sect rights of sett<.n end groeweda as the
<br />Morlg$ges may require.
<br />Th$t in case of fallurr lu perform any of the covertattta herein, the Mortgagee may flu on the Mu[tgagur's behalf rve[vthing
<br />so covenantrrl; that the hlurtgagee may also do any act it may dorm nrrvsssry to protest the lira thereof: thst the Mortgagor will .+°~
<br />rrp$Y ulxrn rlrtnand say mormys paid or dishurved by the hforlgagre for anv o! the above purla~rs, and sorb mnnavs together with °•
<br />intarrst thereon at the raft prttvidrd rn soul note shat! te.a•~rm.• »r, (nosh addrtu,nal endrhlwtnnr-as hrerir~ ,«-err e~.t an•1 mat t+r rn- ;
<br />Ciudad in Wry decree fareclaaing this mart; age and be paid out of tAe rents ur prrx•crds of sale of :std prvnu:w•s if not otherwise -
<br />paid: t:-wk it shall eat fte obligatory upon the Mctrtgagre to inquire iota the s°alidity of any ties, rnrumbrances. er d$ira !n a~t-
<br />vancing moneys as above suthurisrci, but nothing hrrcin cuntainrtl shall hr .•mtserurd a teyuiring the Mortg$ger to advance any ''"
<br />moneys for any such purpose nor to do any act hereunder; and k-tat Mortg${ter shall not incur any {x•rsunal fiat*ilify tsrcattse of any- ~'-
<br />t#tlt~ It (nay t~ i.€ €~alt#o` firs-trarartttdwr. i
<br />IR the event ri[ the rlatault by Mortgagor in the payment of any tnatallment, as nquirrd by ttx• Nr,tr acrurrd Frv yetty, ur ,
<br />is the ptrrttr[~atnas cr[_ttta abl}g$ is this mortgagte ar in thtt sots ((scared 4ltprrby, the Mo[t~ag~ stmt! ba e$Utlesi its ciexla[s the
<br />cte~ tteettrexi hereby due sect pay$t+le withrntt notice, arx! the Mortgagee alraFl km entitled $t i~ option, without nutite, either b1t itself
<br />Or by a recelVCr to 1[e ap{xtintrd by the crturt thereof. anti without regard to the adequacy of any aer•urity f.~r the inricher,im,+, w
<br />ctyrtrd ~. Eo enter ttptw $[xd fake possrsitiion aE thu muatgaged premises, and to (`attest and receive the rents, essays and prattle
<br />i;~tar/aotf. Wend apgty thq aanle,.lesa costs of opeeatian And celk!ctibn, upon the indebtedness secured by this mortgage; said rents,
<br />iwaue. sad pto6is belrit htt+zby titiNiCnsd to the Mortgagee as further security fw' the payment of all indebtedness serwred hereby
<br />• - Thr Mortit~se allot! ltaria-ttaa power to appoint any.agant. or agents it rngyt desire far the purputr rxf repairing .aid prem•
<br />ittea; rcntint; the same; twtletKintt the rcnb, rerenuea and income, and it may pay out of said income all oxpenaes inrur[rrl in rent-
<br />init sent managing the earns artd of collecting the rentals therefrom. The batax:ce recnainirtg, if any, shall tm api?hrd rowan) the
<br />disettarge of the mortgage indebtedneaa, This assignment is to teemiiiate and become null and void upon release of this mnrtgagw
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