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°~^ . ~ta~x~l~oilt al~'~. ?~~~t!y~I?e, ~4Iv"D i~rt~l~~.:
<br />'I'ttae ttr~ >~art~or wztl'yay the isde3tlxdtaeaa as h~reinbefarepr~itded. _ -~
<br />That the Mortgagor is the awrter of said property in f~ simple artd has-~ right and lawful authority W sail ant
<br />convey the same artd that the castle is free and clear of any lies ar eneambranr~; and that Mortgagor «ii! :.arrant slut defend ttre
<br />title to said premises agair~t the etaxats of alt persons rehoaisoever -
<br />M To piry itnrnet3-is€elp when due and payable-alt Several taxes, special taxes, special assessmert- .'.vr charges, ;ewer serv-
<br />?'•-. ice charges. acrd other tares and charges against said properiY, and all taxes test»d on fhe debt secure.; ..>-;ehy. sad to furnish the
<br />'~"'t Mortgagee, upon request, with the original or duplfr_ate reextipts therefor. The Mrrigager agre+~s t}:at tin-re shall }x- added t<
<br />each mr>nthly payment required hereunder nr under fhe eviderc.= of debt set used tserchy an amount a;timated by the Mor[gag~
<br />J to be sutficieltt !o enable the Mortgagee to pay. as they become. due. all taxes. ares;3nenta. and vimi2ar charges upon the prase.
<br />rtes suhZecf tieereto; atsy deficient>• f>ecause of rho insufrtciency of suc.: additirrai ,^,aymenLs v}tat3 fee forftrwith deposited t3y ifte
<br />Mortgagor with the Mortgagee upon demand by the :i e,rtgagee. Any ri»farsit ur.:te-r th„~ paragraph chat! rte <ie.~med a default in
<br />payment of iaut~, ~..a .,_., -- s;inilar charges required hr•reur~3er.
<br />~ The Mortgagor agrees that there shalt a!v> F~ added to each m=;nthly payrreni of principal and in[er.-.t required hrnc-
<br />h uttdtr an amount estimated by the Mortgagee !o Ins sufTtcient to enable fhe Mortgag.-*• W pay, as it becnmcs due. the irvu ranee
<br />pt~mium ort any insurance pchcy delivered to the Mnrtgazc~• :any drfic.ir;:cy F»-ceuu- ;! ih.- ;n.uffir.,cncy of suite adwt;x,rai pay-
<br />mertts shad ire forthwiti, deixseted by the Mortgagor with the :1lnrtgagee uix,n demand by '.tx- .'Morgagee. Any default uarfer ttx;s
<br />paragraph shal(M rimmed a default in the payment of insurance premiums. I[ the policy nr policies depnsitod are such as home-
<br />ewrers or alt risk policies, and the rteposits are insufficient to pav the rrndre premwm, the 3ortgagee map apply the defw?rt To
<br />Pay premiums nn risks required to he insured by this mortgage.
<br />Payments made by the 11 <rrtgagor node,- the above paragraphs may, at the option of the 6ortgagee, tx• held by it and
<br />', eammingled with other such funds or iES own fonds fur the payment of such itern_s, and cnii! so spotted, such payments are hereby
<br />oiedged as security far 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 origins! ixdicirs aad
<br />renewals thereof, delive n~cf at least ten eiays before the expiration of any such poiicre.. into nog against fire and other msurahle
<br />harards, casualties, and contingencies as the Mortgagee may require, in an amount equal to the irdebtednesa secured by this
<br />Mortgage- and in companies acceptable to the :Lfortgagee, with lose payable clause in favrr of and in farm acceptable to the Mortga-
<br />- bee. fr, the evert 8rrg° pwhcy is not rr-nr-wed on ar before ten day-> cf its expiration, the Mortgagee may procurn insurance an the
<br />improvements, pay the premium therefor. and such sum shaft became immediately due and payable with interest ae the rate set
<br />forth in said note until paid and shall tx• secured by this mortgage. Failure on the part of the Mortgagor to furnish such renewals
<br />as are herein required or failure to pay any sums advanced hereunder shalt, at the option cf the Mortgagee, constitute a default
<br />under the terms of this mortgage. The delive=ry of such poticicc shall, in The evert of default, constitute an assignment of it:e un•
<br />earned premium.
<br />Any sums received Fly the Mortgagee by reason of loss or damage insured against may he retained by the >lartgagee
<br />and applied Lt>ward the payment of the debt hereby secured, or. at the option of the Aortgagee, such sums either wholly or in
<br />part may be paid over in the Mortgagor to be used to repair such buildi;gs ur t.o build new buildings in their place or sets any
<br />other purpose or object satisfactory to the Mortgagee without aRecting the lien nn the mortgage for the full amount secured here-
<br />by be(ure such payment ever took place.
<br />To promptly repair, restore ur rebuild any buildings or improvements now ur hereafter on the premises which may be-
<br />crome damaged or destmycd; to keep said premises in good cvndiiicn and re, air and free from any mechanic's Lien or other Lien or
<br />claim of lien not expressly subordinated to the lien hereof; not io suffer nr permit any unlaufvl use of or any nuisarue to exist on
<br />said property ttnr Yo permit-waste un said premises, nor to do any other act whereby the property hereby conveyed shat! t>ernme
<br />less valuable, nor to diminish or impair its value by any act nr omission to act to comply with alt requirements of taw with respect
<br />to 4he mortgaged premises and the use thereof.
<br />That should the premises or any park thereof Le taken nr damag•_d sty era_.n c,f a-^.v {>ubhc improeement or ::undcmasfion
<br />proceeding, or under the right of eminent domain, or in any other manner. the Murtvagee~ snail to entitled to al! compensations,
<br />awards, aird any other payment or relief therefor, and shatC be-entitled, at it= option, to n.ntrnmee, appear in sled prosecute- it eta -
<br />.awn rtarrte any action or proceeding, or to make any compromise or settlement in connection with such taking ar damage. Alt such
<br />- cte~perisation, awards,- damages, right of action and proceeds -are hereby assigned to the Mortgagee, who may, after deducting
<br />- -- ttterefroln-.eft Its expenses, release any moneys so received by it or apply the same on any indebtedness secured hereby. The Mort-
<br />gagor agrees to ermtte. such further assignments oC any compensaEiun, awards, damages, and rights of action and proceeds as the
<br />Mortgagee may require.
<br />T~nai in case of failuro to perform any of fhe covenants herein, the Mortgagee may do on the Mortgagor's behalf everything
<br />see covenanted; that the Mortgagee may also do any act it may deem nemssary to protect the lien thereat: that the Mortgagor will - _
<br />repay upon demand any moneys paid or disbu reed by the Mortgagee for any of the above purlmses. and such moneys together with
<br />interoeat thereon-at the rate provided in said note shalt become so much additional indebtedness hereby secured and may he in- --
<br />ddded in any decree foreclosing this mortgage and be paid out of the rents or proceeds of sale of said premises it-not otherwise `
<br />- paid; brat it shall not be obligatory upon the Mortgagee to inquire into the vatidi4y of any lien, encumbrances. or claim in ad- '--
<br />vaatting moneys sa above authorized,. but nothing herein containedshall be construed as requiring the ll~ortgagee. to advance any -
<br />moneys for any such purpt>ae reps to do any aM hereunder; and that Mortgagee shall not incur any personal liability because of any- • -
<br />thing it may do or omit to do hereunder
<br />- In the event-o[ the default by Mortgagor in the payment o[ any installment, as required by the hole secur~•d hereby, or
<br />in the performance of the obligation in this mortgage or in the note secured thereby, the Mortgagee shall be entitled to declare the
<br />debt secured tleiClty due, and payable without notice, and_the Mortgagee shall be entitled at its option, without notice, either by itsel!
<br />or Icy a,reeeivea to-Ue appginted by ttie court thereat, and -without reganil to the adequacy of any security for the -indebtedness se-
<br />-- cured }iarebY, €o erifer upon and`#ake j>~t.,e* ssioii of ttte inartgaged premiers, ariif to coiled--and receive-the-rents, iss:es-and pro5t,
<br />_ theses{, artd apply the satr(e; .less coats of operation- and rnlteetion, upon fhe indebtedness -securest by this mortgage; said rents.
<br />iasiteaaml prrufifaliefng hereby asslgried2o fhe 2ifortgagee as furih+er security far the payment of elf indebtedness secured hereby.
<br />- _ The- Mortgagee a}ralt have the power to appoint any agent or agents it may desire for the purpose of repairing ;aid prem-
<br />. - ices; renting the _same, sn#IectinS:,the, rents.. cevenuea and-income, and it may pay out of said income ail expenses .incurred in rent-
<br />ing and managirrg~~the same and of collecting the rentals therefrom. The balance remaining, it any. shall be applied toward the
<br />discharge at the mortgage indebtedness This assignment ie to ket:ninate and become null and void upon release of this mortgage.
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