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TffE MQRTGAGt7R FC,'F{TI~ER COY;ENAl•f'#'S Ah'D AGREES: ~ • yy ~ ~.i} ~a ~'i.d:'J, s Ttuat the Mortgagor :vi12 pay t}ue iruigbtedness Sea hgreinbrfo+e prarrided. T:at ilu»':YS -igagor „, +.?ae dwaeee of girl ra.,prr#g~.~ in ter simprie and }sa- good rip;'ht amd pawfu! auY huriEy~ to s tz18 and . . convey the same and chat the same i9 free and' clear ut any lien or entvmbrance: and 4haf Mortgagor w-ii1 warrarst and defend the title *_o said premises against the c}aims of ail persons whomsoever- Tu pay immediately when due and payable all general taxes, special taxes, special as-;essment .water charges, sewer snn•- tce charges, and other taxes and charges against said property, and alt raze-s levied on the ;tebt secu red hc•rs•hy. anti tc furnish ihr- Mortgagee, upon rr!quPSf, wdth the original or duplicate receipt< therefor. The '.liorigagor agrees that there shall tee added io each monthly payment required hereunder or under the evident«• of debt secured hereby an amount estimated by the lvfortgagee to be sufficient to citable the Mortgagee to pay, as they become clue, all taxes, a;-srssmenfs, and similar charges apes, the prem- ises subject thereto; any deficiency because of tfie in>ufficiency of such additional p2yments shalS he forthx;th deprsited by the i~urigygoz n.,.., the uortgagoe upon demand by the ?iiortgagee_ Any defauSt uroier this paragraph shah he rte-rm.•d a defan?# in a«..~ .PsYment of taxes, assessments, nr similar charges re<;aired hereunder. - The Mortgagor agrees chat there shalt akn be added tr, each monthly payment oC p,-incipal and interest required.here- under an amount estimated h the Mortgagee is he sufficient fn enable the :Vipriga gee to pay, as it becomes clue the insuranee , premium nn any insu ra.rce policy delivered to the ibiortgagce. Any defidenr_y because of the insufhcieney o.- suctr additional pay- -~ menEs shall he forfhwith deposited by the Mortgagor with the :11~•rtgagec ofx,n demon' h~• the Murtganr•r•.:1n_• default under this paragraph shall tae deemed a default in the payment of inst. ranee i'n-emiums if the fa=Sicy or policies depo-,-ited arF _vch as Fa,m=- nwnets nr all risk }a>Sicies, and the deposits are tnsufficicn? to pay the en#i re pmmium, th<~ Mortgagee ma}- af!ply thrr dr;>nsit V t pay premiums nn risks required to be insu rvNl by this mortgage. n Payments made Fry the 'vf origay;ur under the above paragraphs may, at the nptien of the :-Sortgagee, he held by it and commu.gled -with other such Funds or its awn funds fur the payment of such items, and until so applied, such payments am herebv pledged as security fur the unt,aid balance of the mortgage indebtedness. Tn procure, deliaer t _ nd maintain for the benefit c;t the binrtgagee during the Gfe of Phis m-ortgage original pone i:sand renewals EhereoY, deiivereri a cat t._,: ct~~~= f,o6,re the ex Piratlon of any such policies;. insu riot against fin" and other sera sable hazards, casualties, and contingencies as the Mortgagee may require, in an amount !goal io the indebtedness secured by this i4fortgage, and in companies acceptable to the Vortgagee, with loss payable clause in fetus of and in form acceptable to the \Aurtga- gee. In the event any policy is nut renewed un or before ton days of its oxpiration. the Mor#gagee may procure insurance on the improvements, pay the premium therefor, anal such xum shall hec;;me imma<liately due and payable with interctt at the rit< set forth in said note until paid and shall he secured by this mor#gage. Failure un the parr o£ the Mortgages to furnish such renewals as are Fterein required ur failure to pay ary sums advanenci hereunder shat!. at .he cptior. cf the Mortgagee, cunstiiute a iefautf under the terms of this mortgage. The delivery n[ such pnhc•ies hail. in the event of default ~ ,nstitute an assignment of the um earned premium. Any sums received hp the tk,rtgagee b reason of loss nr damage insured agar rst may he retained by the ~turLgagee and applied toward the payment of the debt hereby secured. or, at the option of the At _,rtgagee, su~ surn..rithrr wholly ur in part may be paid over to the Dortgagor to be used fo repair such buildings or to build new buildings in their place nr for any other pure or object satisfactory is xhe Arlur£eagce w'ithaut affecting the ?ten un the mortgage for the full amount secured here- by before such payment ever took place. To promptly repair, restore or rebuild any buildings or improvements now ur hereafter an the premises which may be- come damaged or destroyed; to keep said premises in gtxxi cendi lion and repair and free from any mechanic's lien e+r other lien or claim of lien not expressly sutwrdinated to the Tier, hereof: not to sutler or permit any unlawful use of or env nuisance G: exist an said property nor to permit west`' on said premises, nor to do any other act whereby :he pr.,perty hereby conveyed shall become - less valuable, nor to diminish or impair its value by acv act or amisaion to act. to temps: w-ith ail requirements of taw ith respect to the mortgaged premises and the use thereof, That should the premises or any par[ thereof lw Yxiken ur damaged by reason of a public impr•.>vemenk or condemnation c, proceeding, or under the right of c>minent domain, or in any other manner, the Murtgagee shalF be entitled to ai compensations, awards, and any other payment or relief thercfcr, and shall he entitled, at its option. to cnrnmence. appear in and prxaecute in its own Warne any action ur proceeding, ur to make any rompn,mise nr settlement in connection with such taking nr <iamage.:4lS s.~ett r:exnpensa{ion, awards, damages. right of action and proceeds are hereby assigned to the hfc>rtgagee. who map. after dedurtanc {h~refF->3n alt iti asperL~, release any mon_ys so receive-~d by i# yr sppiy fhe ssme on any indet:t.-dne•>:.. sroure.i ::rreby. Tire ~iart- gagor agrees to execute such further assignments of any compensation. awards, damages, and rights of action and proceeds as the Mortgagee may require. That in case of failure to perform any of the covenants herein, the- Mortgagee may do on rho Mortgag~.r's hc•half everything so rnvenanted; that the Mortgagee may also do any act it may deem nects_sary to protect the lien thereof; that the Mortgagor wilt repay upon demand any moneys paid or disbursed by the Mortgagoe for any of the abcrve purposes, and such moneys together with r.. interest thereon at the rate provided in said note shat! become so much additional indebtedness hereby secured and may be in- cluded in any decree forechning this mortgage and be paid out of the rents or proceeds of sale of said premises if not otherwise ~. paid; that it sheSE not tee obligatory upon the Mortgagee to inquire into the validity of any lien, encumbrances. or claim in ad- vancing moneys as above authorized, but nothing herein contained shall tw construed as requiring the Mortgagee to advance any rreorteys for any such purpose nor to do any act hereunder; and that Mortgagee shall not incur any personal liability ttecause of any- w~ 4hing it may do or omit to do hereunder. In the event of the default by Mortgagor in the payment of any instnliment, as required by the Note secured hereby, or in the performance of the nhligation in this mortgage or in the note secured thereby, the hfortgager shall he entitled to declare the debt secured hereby due and payable without notice, amt the Mortgagee shall be entitled at its option, without notice, either by itself or by a receiver to tx appointed by the court thereof, and without regard to the adequacy of any security for the indebtedness se- cured hereby, to'enter-upon and take pos§essiori of the mortgaged premises, and to collect and receive the rents, issues and profits thereof, and apply the same, .less costs of operation and mlleetion, upon the indebtedness secured by this mortgage; said rents, iawes and profits-being hereby assigned to the Mortgagee as farther security for the payment of all indehtednes: secured hereby, The Mortgagee chats have the power to appoint any agent or agents it may desire for the purpose of repairing said prom- - ices; renting the same: croHecting the rents, revenues and income, tmd it may pay nut of said income all expenses inatrrcrl m rent- . ing and managing the same and of collecting the rentals theretrom. The balance remaining, if any. shall he applied toward the discharge of the mortgage indebtedness. This assignment is to terminate and become null and void upon release of this mortgage.