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ii~ T"~tilFl, 9Y~C#q~RT'{i„~~t308 FLff3,TiF3~E$ G~I!t!RI?IMikIV"$~, /{#EY fllif11RE7•:i9!: 14 ii ~n i That the It~+pst~ger will. pax Y!x i~ arR ~gintt4nr,r pngn)i0ed. `f 'That the Mortgagor-:m-flee aweer ui said property in fee sitnpfe andahas gnrxl right oral lawful authority to cell and cxmvey the sstne:atrd3ftN tJu~ea6e-bizae apd'c"fiaar nt any lien or. epEtlFirbrance: seas-tfiat _3.4nrtgagor .r".d# ~+~arrant end ds~ferul Yfrt• ~. title to said premises against ilre drams of all persona whomsoever. To pay ifntitedi;itely when due and prdysblf all geireral #axes,. specral taxes. special asses-~c[nents. xa}vr :barges, s.~w.vr lety_ . ice charge's. and nthr!t fazes and charges against sa[d property and at; tazas Sevicd on fhe d.~[rt. sera red Kerr=by, arrJ to furnisF. tt sit Mortgagee, upon xsgireaE. with "Yh6 original er dvpt[cate recetpls thrre#or. Tiu• .sfnrtgagnr ag+eres that t}W Se shall he addad't~~" T . earn montl[ly payment required hereunder nr under fhe evidence= of debt secured nesehy an amount estimated by the Mortgage: ,~ fn be sufficient to enable the- Mortgagee ru pay, as they t~Cnme due, all *.ax?c, assessn[ents. sort <imilar chargM open the p}~yo. `~ lees subject thereto; any deficiency hecausc• of the insufficiency of such addifiural payments shall lu_• furthwS{h deposited by the Mortgagor with the f4#origagee upon demand b} [hc~ 'vortgagee•- Any default unr3•-r thi- I:arar:raph ha;f h.- rS,-Finad a rScfault in ~'' payment +af taxes, assessments, nr similaz charges required hereunder. - .r r The Mortgagor agrees that there shalt also he added to each month?;' payment ut principal and interest required toere- vr •s ^der sn am.w~.,r ..~,.,atnri fiy thn 1~inrfgaere r s hr• sutTicient to enable thF ~lnrteaer•c to nav a~ it i,..,-,._..,~, ,tom ;, sh1 :.,_ ;,_.,_ n premium err: any insurance policy delivered to the Mortgagee, Any deficiency because of the insufficiency of such aelditional•pay` rr~nis shat! be fnrthw-iih dep~ited 6y the Mortgagor with the Mortgagee upon demand by the lortgagee_ Any default under This paragraph shall be deemed a default in the payment of insurance premiums. If the- }wGry~ „ ;r,lics=-s d,•pc..it,•d a _uvh as fn,mF- owners or all risk policies, and the deposits are insufficient to pay the curl re• premium, the r-s+•icrtgagee may apply the- depusrt fa pay premiums on risks required to he insured by this mortgage. Payments made by the Mortgagor under the above paragraphs may, at the option of the 1#ortgagee, he held by it sort commingled with other such funris or its own (ands for the payment of such ikems, and unfit so applied, such payments are hereby pledged as security fur the unpaid balance of the mortgage indebtedness. - To procure, deliver to, and maintain for the benefit of the Mortgagee rf urirxg the life of this mortgage origioa! fmliries and renewals thereof, delivered at least fen days before the expiration cf any such policies, insuring against fire and other insurance hazards, casualties, and rnntingencies as the Mortgagee may, require, in an amoun! equal to the indebtedness secured by this Mortgage, and in companies acceptable to the Mortgagee, with less payable clause in favor of and in form acceptable to the !tiarfge- gse. Jr, the even{ any policy is nut renewed .en or before ten days of ifs expiration, flee ?tortgagee may t;rxure insurance cn the improvements, pay the premium therefor, and such sum, shall become itnmediate?y due and payable with interest a[ the rate set forth Sn said note until paid and shall be secured by this mortgage. Failure nn the part of the \frrtgagnr to furnish such renewals as are hereir. required ur failure to pay any sums advanced hereunder shall, at the option of fhe Mortgagee, constitute a default under the terms of this mortgage. The delivery of such policies shall. in the event of default, c.mstitute an assignment of the un- earned premium. Any sums received by the Mortgagee by reason of toss or damage insured against may be retainers by the Mortgagee and applied toward the payment of the debt hereby secured, or, at the option of the Mortgagee, such sums nit.her wholly ar in part may lee paid over to the Mortgagor to be used to repair such buildings nr to buitd'new bullrings in their place or for any other purpose or object satisfactory to the Mortgagee without n(fecting the lien on fhe mortgage for the full amou nt secured here - by before such payment ever took place. To promptly repair, restore ur rebuild any baildings or improvements now ur hereafter on the premises which may be- come damaged or destroyed; to keep said premises in good rnrodi lien and repair and free from any mechanic's lien ur other tien or - claim of lien root ezpressly subordinated to the lien hereof: not to suAer ur permit any unlawful use of or any nuisance to exist on said property nor to permit waste an said premises, ncr {o da any other act whereby the propert}- hereby conveyed shaft bemme - leas valuable, our to diminish or impair its value by any act or omission to act; fo comply with all requirements of ?aw• w•i`Y',r respect to the mortgaged premises and the use Ehereof. That should the premises or any part thereof he taken or damaged by reason of any public improve=mint or ~•ondr•rstnation proceeding, or under the nghk of eminent domain, ar in any other manner, the Mortgagee shall be entitled tr. art compensations, swards, and any afhee payment or relief therefgr, and shall-be entitled. a4tts option, to commence. appear in and prosecute in Sts .own name soy action or proceeding, or to make any compromise or settlement in connection m;ih su.^h taking ur damage. All such wmpetvsstibn, awards, damages, right of action and proceeds are hereby assigned to the Mortgagee, who may, after deducting. - -tltereftorn-a-il iCi-expenses. -release ally maneYS so received by it or apply the- same un any inrlebtedneas see[rred hrrebY. The -Mort- g~or agrees to execute such further assignments of any compensaG~an. awards, damages, and rights nt action amt proceeds as the Mortgagee max require. That in case of failure ko per[urm any of the covenants herein, the Mortgagee may du on the Mortgagor s behalf everything so covenanted; that the Mortgagee may elan do any act it may deem necc-ssa ry to proteM the lien the rent; that the Mortgagor will repay upt»t demand any moneys paid or disbursed by the Mortgagee for any o[ the above purposes, and such moneys together wish merest thereon at the rate provided in said note shat? become so much additional indehteciness hereby- secured a»d may he in- cluded in any decree [orecloaing this mortgage and be paid out of the trots or prxeeds of sale of said premises if not otherwise paid; that k shall not be obligatory upon the Mortgagee to inquire into the validity of any lien, encumbrances, or claim in ad- varxing moneys as above authorised, but nothing herein .:~ontained shall be construed as requiring the Mortgagee to advance any rgorteys lot any such purpose nor to do any act hereunder, and that Mortgagee shall not incur any persona{ liahitity twcause of any- thiag it may do or omit to do hereunder. y„s, In the event of the default by Mortgagor in the payment of any inataliment, as required by the- Note secured hereby. or - _ in the performance of the obligation in this mortgage or in the note secured thereby, the Mortgagee shall be entitled to declare the - debt ttscured hereby dt_te and payable without notice, and the Mortgagee shall be entitled at its option, without notice, either by it-self ' or by ~tt receiver to~be appointed by the rnurt thereof, and without regarrf to -the adequacy of any security for the indebtedness ae- ettrati #tereTsy, Lo en4gr tfpistt-and take Sri iif tnaitgaged ptxnfi~a aim- to wllect and receive the rents, issues and pi•oftta ~` thereof: artd apply the same, Jess costs of operation and crrlleMion. upon the indebtedness secured by this mortgage: said- rents. imsueaant3 prd6ts being hereby assigned to Lhe Mortgagee-as fitrther security for the payment of a-1 indebtedness strured hereby. - - The llfortgsgee shaft have the power to appoint any agent or agents it may desire for the purpose o! repairing said pram- -- ilea; 'renting the same: colMceing.the ren<a, revenues and income, and it may pay out of said income all expenses incurred in rent- " ing and managing--the same and of collecting the rentals therefrom: The-balance temairting, if any, shalt be applied toward the dietdtarge of the nrtgage indebtedness, This assignment is to terminate and become nu!! and void upon release of this mortgage.