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<br />I"i+at tlwrl Mlr~ttiyaggr v~~1t LFwY tiz~,ry, u~elFtit~wneyw +tsu '~~n6rrf~m^, ftrnr~~l~rdl ~ ' ~
<br />~'~ That ihe~~~Mortgagar~ is tae Owner rf mid pr~rty ir. f«« ~simpi« seed bait rilltst and }awful auto*x t3 t_s, ~ISe?? arui
<br />rxmvey the saase sad that Lire same is Itree and Blear of any lien yr vrxussbraru~.e. and #iutt Mar#gagm vrifl varranL ar¢f dt{end the
<br />2itie La said prexniae~ at!airrsf i~r dairm ~ siI penrres +sizorrusAever,
<br />To pay imrieeriiately when due sad payable all g2zuraf tries, xprrial tasr~_ sp«cis3 aaseasm.•ntg- wets-r ci.argfs. sewer srn•-
<br />ice charges. and other taxes and charges against sairi property, anri all taxe3 feriw-! nn ti;r. d~r`_~L s.; rr:rd twreb}. arul to formal= tt>t
<br />Mortgagee, upon request, with the origirwl or dupliea#e receipts therefor. The Mrsrtyagor aitrr~-a El:at there shall he ~}dc-d to
<br />each irwnt}rty payment rryu. „r-rs......~r -.. W a^r rho ~y:.iN_n,-,. rf .bht vrrred h?rtb_t an am<,unt ratimate!f by ;hY ltortgaSc =
<br />Lo be su$•icieni fo enable the Mortgagee^to'pay, as they become due, all taxes, asseswrrnta, and aim=far charges upon tiw prem~
<br />- ~~ tses subjeM itu•retn: any deficiency' 1r=eau-~ of th4 in_ufics?ncy cf suriz additiexnai pa, m«rts =hail ?s~ frzrt}:w="-h d~;x-:itvA 1n ±1~
<br />Mortgagor wish the Mortgagee upon demand by the 'cinrtgage«. Any r?efau?i unA.-r th=.~ paragraph shat! i>« ris-r-m«.S a =f?faufz in
<br />payment of taxes. assessments, nr similar charges rs:au: reef hereunder.
<br />The Mortgagor agrees that there shaft also be added to each month?y paymenz rf principal and infezest requi earl here-
<br />under an am+>unt estimatr>ci by the Mortgagee to be Sufficient tr> enable the- MorigaKs.• fn pa}°, as it t;ecumn due, ti;e :asuranm
<br />premium r>n any insurance policy delivered to the Mortgagee. Any deficiency iwcause =;t the insufficiency of such additirnal pay-
<br />- ~ rpenLs shat! be forthwith deposited by the Mortgagor with the Mortgagee ujgn demand t±y the }iortgagee. Any default under this
<br />paragraph shall he deemed a default in the payment of in=urarcr n_ r_•mmm~ 1f t?,r ir-„i+~~: ~,r I:.~li. ~:.Y; ?c,.:~+=i.=.d ar+ ~v.-h .e;rn:m.-
<br />owners or all risk policies, and the deposits are insufficient to pay the enive premium, the ~2urigagee may al;ply the dotx sA !_,
<br />pay premiums on risks required to be insured hp this mortgage.
<br />- Payments made by the Mortgagor under the above paeagraphs may. at the op lion of the Mortgagee, t;e held by it and
<br />commingled with other wch funris or its own funds for the payment of =,uch items, and until -~ applied, such Payments are 'r.«r«hy
<br />pledged as security for the unpaid balance et the mortgage indebtedness. -
<br />To procure, deliver to, and maintain for the }>F•nefit oC the ".iorigaKee during the life of This mortgage rrriginat po?icirs and
<br />renewals thereof, delivered at least ten daps tx~fore the expiration of any such policies. insuring against fire and other insurance
<br />hazards, casualties, and rnntingercies as the MortgaKee may require, in an amount equal to the indebtedness secured by this
<br />Mortgage, and in companies acceptable to the Mortgagee, w-ith Inns payable clause in favor of and in farm acceptable to the hlnrtga-
<br />gee. In the event any policy is oat renewed on or before ten days of it expiration. fhe 'Mortgagee may procure insurance un zhe
<br />improvements, pay the premium therefor, and such sum shalt h«<come immediately due anti payable v.•ith interest at Lhe race set
<br />foriti in said note until 1;aid anri shah t;« secu reef • this m.,- Kage- Failure un the past of the Musigagor Lo furnish s•~ h rear o!s
<br />as are herein required or Sailure to pay any sums advanced hereunder ?hall. at the option of the Mortgagee, c•,mstiiuie a default
<br />under the terms of this mortgage. 't'he d«livery of such policie°s shalt, in the event of default, constitute an assignment of the un-
<br />- earned Premium. -
<br />- Any sums received hy. the MurL€agee by reau>n of lass or damage insurcrl against may he retained by Lt•.e Sfurtgagee
<br />and applied toward the payment of the debt hereby ecu reel. or. at the option of the binrtKagee, such sums either wholly or in
<br />per may be paid over fn the Mortgagor to lx used to repair such buildings or to nuitd'new buildings in their place yr far any
<br />other purpose or object satisfactory to the Mortgagee without affectinK the lien on the mortgage for the full amount secured hece~
<br />by before such payment ever took place.
<br />To promptly repair, restore ur rebuild any buildings nr improvements now ur hereafter nn the premises which may be-
<br />- come damaged of destroyed; to keep said premises in K+xrrl runditior. and repair anri free Uum any mechanic's lien or other 3ien or
<br />claim of lien not expressly subordinated to the lien hereof: not to suffer or permit any unlawful use of or any nuisance to exist on
<br />said property noz to permit waste on said premises, nor to do any other act whereby the property hereby conveyed shall hecarrie
<br />less valuable, our to diminish or impair iLS value by any act oz omission to act: to cnmply •sith all requir«ments of law with respect
<br />Lo the mortgaged premises and the use thereof-
<br />- That should the premises or any part thereof }x taken or damaged by reason ut any public improvement or condemnation
<br />-_ proceeding, or under the right of eminent domain, or in any other manner, the hortgagee shad be entitled to art compensations,
<br />awards, and any other payment or relief therefor. and shall be en titled, at its option, !n rnmmenee, appear in and prosenrte in ifs
<br />own name any action or proceeding, or to make any compromise or settlement in tonne-ctiun with such taking ur damage. tilt such
<br />- citinpiiueatiaki; awaKls, damages, right of action anti proceeds sea hereby assigned to the Mortgagee, who may. after-deducting.
<br />_ th~fmm-ail its.expenaes, release any moneys su received by it or apply the same un any indebtedness secured hereby. The Mort-
<br />gagor-agrees to execute such further-assignments of any compensation. awarris, damages, and rights of action and prviceerls ~ the
<br />- Mortgagee -!nay- require. - - - - - - -
<br />Thai in case of failure to perform any of the covenants herein, the Mortgagee may do on the b2nrtgagor's behalf everything
<br />so covenanted; that the Mortgagee may also do any act it may deem necr•ssa ry to protect the lien !hereof: that the Mortgagor will
<br />repay upon demand any motleys paid or disbursed by the Mortgagee for any of the above purposes. and such moneys together with
<br />interest thereon at the rate provided in said note shall become sa much additional indebtedness hereby secured and may he in-
<br />eluded in any decree foreclosing this mortgage and be paid out of the rents or proceeds of sale of said premises i[ not otherwise
<br />paid; that it xhall no[ be obligatory upon the Mortgagee [o inquire into the validity of any tier, encumbrances. or claim in ad-
<br />verayag moneys as above authorized, but nothing herein contained shall be construed as requiring the Mortgagee to advance any
<br />moneys for any such purpose nor to do any aM hereunder; and that Mortgagee shall nut incur any persona} liability because of any-
<br />thing it may do or until to do hereunder. _
<br />In the event of the default by Mortgagor in the payment of any installment, as required by the Nate secured hereby. or
<br />- in the performance r>f the obligation in this mortgage or in the note secured thereby, the Mortgagee shall he entitled to declare the
<br />- debt atcured hereby due and payable without notice, and the hortgagee shall be entitled at its option, without notice, either by itself
<br />or by a receiver to be-appointed by the court thereof, and without regard to the adequacy of any security fur the indebtedness se-
<br />cured hereby, to enter upon and take pos§essioti of the mortgaged preniisea,-and to collect and receive the rents, issues and profits
<br />- thered, and apply the same, less costs-o[ operation and rnllotion, upon the indebtedness secured by this mortgage; said rents,
<br />- issr~ itatd proAta being hereby assigned to the Mortgagee as further security for the payment of alt indebtedness soured-hereby.
<br />- T'rse Mortgag?'r xr:ali have t}tv prover to appoint any agent or agents it may desire for the purpose of repairing said prem-
<br />ices; renting the same; rntlecting_ the rents,. revenues and income, and it may pay out of said income all expenses incurred in rent-
<br />- fag sad managing the name and of collecting fhe rentals- therefrom. The balance remaining, if any. shall ne applied toward the
<br />dueharge of the mortgage indebtedness. This asaignntent is to terminate a»d become null and void upon release of this mortgage.
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