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<br />" ~ wail ~ iri~fbtednexa aai Nsesri.rut,e!lrxir yrr>:rl1.C ~~- .. ~ ~„
<br />albs[ dlbk M~rer yay 11,
<br />That fhe Mottgagor is the owrser gf ';aid property in fee simple and f'as g=r<rri earth[ a ~ }aw#u} a3th«rit,: ir. vt: -mot
<br />_^onvoy fhe same and that the tratne i; f2e arsd clear of any lien or grrcarratrarK atf!1 LFat S~rrtgagrY :ill ssarrant arsd ~ferxl tb~r
<br />title tv said premises attaitta! the deists of elf peravns wtsasrnoever. _
<br />Tn pay irrtertediistely when due slid payable ail general taxes, special tax+•s. ~p cxa7 a5r.,rssmr:sts, ~aacer charges, ;.-•wer =~r•:-
<br />ice charge.. seat other Lases anr3 charges against :aid property, and a?t tazr^: l.y. r«<+, an Strr- <,s-'trt sr•ru rs•r3 hrrnby. arsd fo furnish t?rte
<br />.livrtgagee, opera request, with the original ur day?irate receipts iherefr,r. The !r{ortgagc~r ogre*- that there stzall he adderi to
<br />each monthly pa}'ra+-nt rfquirer3 hvrNUarlrr r>r unr}<-r ?rr~ r-+:ir?r•r.r.- r>i <}r?.E s.v~ur=ei hM-r.by an am...•ent e.stimatYr} by ttse ,`.fortgagee
<br />to ha sut5cient to etrable the Mertgagee to pa}, as they bu;=>m~ due. all Saxes. a~vrs;cnf-a. an.} Simi€ar c`rearg!~s upon ibe prGtri-
<br />ises subject. theretri. any deficienrry because of the insui;rcienry of sorb additianat payms•r2t. shat[ he forthwith detx><ited by the
<br />_t3origagor x-nth [br Mortgagee utttt» dr•rnand by the 1',.:rt~age.~ An} .?.~faa:x ur_d+=: th.- pa;agra;,h Shall }u- rtrFmPri a defeat[ in
<br />txiyui:rrrit to ..,..-.~. ...,.., ._...-....., similar charges ter;mrerl her'-under.
<br />The Mortgagor agrees that there shaft also he added fr, each niunthly payment of principal and intern-sit required fiete-
<br />under an amount estimated by the .'il.,rtgagee t•.> M• sufficient 20 erabte the ~tcrrtgagrr fu pay, as ii Fu-comFS riur-. the msurance
<br />'premium .K, any insurance pohc}- r?rlrverc+i to th<- tlnrtgages- ,any d.•frercncq trt pause <,! thy irxsuffideney of such additianai pay
<br />menu chef? M' fnrthwiEh depocite<', by the Mortgagor with f}-re Mortgagor upon demand by the 'tilwtgagee. Any default under t}eis
<br />paragraph steal! kre dcwmed a defaatt rn the payment of insurance premiums. If the policy nr policies deposiced are such as ?x:mx-
<br />owners or all risk ~'r2icies, and the de{xnits are insuf$cienL tr, pay the entire premium, tttr '_4lorlgagee may apply the de~xit Sa
<br />pay premiums on risks rc-gained tr, he insured by this mortgage.
<br />Paymertt_e made by the Slortgagnr under the above paragraphs may. at the option of the Mortgagee., }re held fiy it and
<br />commingled with other such funds nr its own funds for the payment of such items, and unfit sv applied, such payments are hrretrr
<br />plc: raged as security (or the unpaid 6atance of the mortgage indebtedness.
<br />To procure, deliver to, and maintain for the benett of the Mortgagee during the IJe of this mortgage original;xrlicies and
<br />renewals thereaF, deliverers at least ten days before the ezpirattvn crf any such policies, insuring against fire and other insn rahle
<br />hazards, casualties, and contingencies as tJre Mortgagee may require, in an amount equal to the indebtedness secured by this
<br />Mortgage. and in companies acceptable to the Mortgagee, with toss payable ~tause in favor of and io form acceptable tv the Mortga-
<br />gee. In [tae event any policy is not renewer[ ,rr ~,r before ten days of its expiration, the Mortgagee may procure insurance on the
<br />` improvemattts, pay the premium therefor, and such sum shad bee-.,me ;nunediatet}• due and payable with interest at the rate set
<br />fozth in said note unfit paid and shall Fx• s«•cu red by this mortgage. Failure vn the part of the Mortgagor to furnish such renewals
<br />as are herein required ur failure to pay arty sums adranced hereunrer shalt. at the option of the Mortgagee, constitute a default
<br />under the terms of this mortgage. The delivery of such policies :hall, in the event of default, constitute an assignment of the un-
<br />earned premium.
<br />Any sums 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 [he notion of the Aertgagee, such sums either wholly or in
<br />part may be paid over kr the Mortgagor 20 he used to repair such huilriings or to build-new buildings in their place err fcr any
<br />other pvrpos-e or object satisfactory to the Mertgagee without aftecdi»g the Lien un th*• mortgage for the fait amount .v~cu cent here-
<br />by before such payment ever took [r]ace.
<br />To promptly repair, restore or rebuild any buildings or improvements now or hereafter on the premises which may be-
<br />rnme damaged or destroyed; to keep said premises in good condition and repair and free from any mechanic's lien or otber lien or
<br />claim of lien not expressly sutrordinated to the lien hereof: not tv suffer or permit any unlawful use u( of any nuisance to exist nn
<br />said property nor to permit waste on said premises, nor to do any other act whereby the property hereby rnnveyed shall hernme
<br />- }ess valuable, oar to diminish or impair its value by env act or emission to act: to complc with alt requirements of taw with respect
<br />La the mortgaged premises and the use thereof.
<br />'s
<br />That should the reprises or any cart thereof tee taken or damn ed b ~ reaurn of anc ~-~'
<br />p t g y public improvement or condemnation
<br />- pt»ceeding, or under the right aF eminen! dc>rrrain, or in any other manner, the i~Ivrtgagee s}rati he entitled tq alt c'r~mpensations,
<br />- awards; and any ether payment or relief therefor, sort shalt tee entitled. at-its optian. to Commence, aptx'ar in and prosecute in ifs
<br />- nwn name any action ar pnx^eeding, or to make any compromise or settlement in connection with such taking ur damage. All such
<br />canipensatitin,-awards. damages, right of ac{ion and proceeds are hereby assigncY3 fn the MvstgaQee, wJto- may, a€'xr deducting
<br />- ttrerefram al} its expanses;-release any moneys so-zeceived by it-or.appty the carne cn any inrtebte-dne~s -:cur€ci herehY--The i4orf-..
<br />Sagor 'agrees to execute-such further assignments of any compensation, awards, damages„and rights of action and proceeds as fire
<br />Mortgagee may require. -
<br />That in case of failure to perform any of the covenants herein, the Mortgagee may do on the Mortgagor's lrehatf everything
<br />sa covenanted; that the Mortgagee may also do any act it may deem necessary to protect the lien thereof; that the Mortgagor wil}
<br />repay upon demand any moneys paid nr disbursed by the Mortgagee for any of the atwve purposes, and such moneys togetbez with
<br />interest thereon at the rate provided in said note shall become sn much addstional indehteciness hereby secured and may rte in-
<br />cluded in any decree f~rectosing this mortgage and Jre paid out of the ten Lc or proceeds of sate of said premwes it not otherwise
<br />paid; that it shall not be obligatory upon the Mortgagee to inquire into the validity of any lien, encumbrances ur claim in ad-
<br />vancing morays as above authorised, but nothing herein contained shalt be construed as requiring the Mortgagee to advance any
<br />rmrneya ter any such purpose riot to do any act hereunder; and that Mortgagee shah not incur any personal liability because of any-
<br />thing it may rio or omit to do hereunder.
<br />in the event v[ the default by tciurtgagor in the payment of any.jnstallment, as required 6y the [Nate secured hereby, or
<br />in the performance of the obligation in this mortgage or in the note secured thereby, the Mertgagee shall tee entided ter declare the
<br />debt secured hereby due and payable without notice, and the M1fortgagee shall be entitled at its optian, without notice, either by itself
<br />or by a receiver to >x eppanted by the court thereof, and without regard to the adequacy of any security for the indebtedness se-
<br />_. cured hereby, to enter open and_ take posion of the mortgaged -premises, a_nd !e reflect and receive- the rents, issues sad prQBis
<br />there, arm apply the same; .teas ~t$ of operation and catlectian, upon the- indetitedriess set~tired by this mortgage; said rents,
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<br />issues acrd pevNts being-hereby aaitisreed to the Mortgagee as further security far the peymenk of alt iidebtedness secured hereby,
<br />- - The Mortgagee shall have the power fo ap}rain[ any agent ar agents it may desire for tF.e purpose of repairing said prnm-
<br />_ - tees; renting the same; collecting the rents, revenues and income, and-it may pay out of said income alt expenses incurred in rent-
<br />- _ _ iwg and managing the same and o["t~ollecting the rentals therefrom- The balance remaining, if any, shall he apptieil toward the
<br />~ .discharge of the mortgage indebteditese This assignment is to terminate and became null and void upon release of this mortgage.
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