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Tii'IE A,t~Ft'i"fxAC:f~It FUl~G,'CCH')'rFI' CL'3N'F:lai,4;w"I"4 Al~I3 At1R~I:;3:
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<br />"Shat !fie tMfrkortgagpr ,wiN pa;li~ the unde#a!teti;,neas as hereinFsrr~trnre prrlrvtde•d.i ~,
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<br />tha crxner of said pn+aerty ir: tee simple anti hav garxi right and lawful authurit:- !o :Xlt and
<br />That the M1iortgagar is
<br />convey the same and that the same is tree and clear of any lien or encumbrance, ant Khat zAortgag<rr will warrant an!1 d+•fend ',he
<br />title to sail premises against the ~cisims cf alt persons whamsoever-
<br />Tr+ pay iamtrdiate#y when due and payable at3 general tazrs, special fasts, specie! asses-menfs, wet+-r rha*ges, ~xw,•r •.er+.~-
<br />icv rhargr7, and other taxes and charges against said property, and ail text ~ levied on the- e!ehk secured hereby, and to furni,.h fhe
<br />Mo; tgagee, upon rvque-t. „~;th Ntt= original or dnpti. ate receipts thYrrfor- The '*r,r*-garvr_,r agrees that there shaa F adr?.,ri er
<br />vae€: roonthty payment rrGui rani hereunder «+r under ±hr r-videncr of <tvbt stK'-u red hereby an amount vstimatr<i t;y the Mortgagee
<br />to be su$tc-irnt to enable the M1fortgagee to pay, as they bect,m.• due. at! taxes, a-ses :menl,. and similar rhargvs upon thF pmm-
<br />ia~s suhjc~ theru~; anti- defici+~ncy tw-ca use «+f ttrv it:;,:^ici.^r,:•y ,+f s;..h additi;:na! pa•: rr,F.nt-. ~ha!! he fnrihwitS.: ;tvpcKitcri 'ry *.hr
<br />Mortgagor with the Sinrt;;agre , e drrnand h. ih: plurt;;agee .- - d.•fautt ~n:der s..,_ paragraph shall he de~,-med a ,1«fauit :n
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<br />si!nilar iharzec r~~c;uirvri 'rr re and«-r`
<br />payment of lair.:, a_ccrs-:merits.
<br />The Mortgag a r -s !'tat fh«=rc ;boll ah, 3.ki«-d r -rch t : tt c i;a - t ,f r vpa! ar 1 -n - resr n: eau=red 6ete~
<br />~' unde-r an amount e•a:n..; . d h, the M+~rtgagee ".., L,~ , rfir --. , i ,.t, Nr 1, - t~.r - f - i- a i;a ~ due the .n5u-ante
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<br />,ns:.ffi~iercc _~f snob addrt,oaat pa~~-
<br />premium on any msu ra•trr p+Er. ?viitr re-d in the Morigage~• ~-1,- , f.cicr,:; h_, nu. - h,
<br />rur;i?s shat? he fore!::-: ".': der~sit _ t . the Sfortga,,+r with the- t °rt rn~o•~ - dvm- ~ -e t. - th • H-rrtgag - d;-fault ur,drr shrs
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<br />-r+ ar tot. a= Iw:me
<br />paragraph shalt he riramrd a ;i«-f r 1' 'r ti, i a +., nt .{ ..- rant pr- ml;n c tf !hF ;;aEu ie. d, p...i«
<br />owner or all risk lx,liries and fr, .cp >it n - nuffu {r n. -,: ,ear tF-• ,-.;+:r I-`+'rr ,., t." .."•tnrtyager ma, tpplr tF., r- ~?t to
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<br />PaY Arrmiums nn risks rcgwrrd n, tin in;e reel by this ruurtgage.
<br />~- 3'aomenLs made b_t- th,• M ,rtga;.•nr un;l=.~r :bc ahav.~ psragro~,hs m:EF- at the opunn r,f the Sicrtgagec, be held by 3t and
<br />~ cammingled with other -=,urh. fimris ,u iu nr. + (rind: f„r the a,avmer,t of ;urh item;, arrri until sn applied. su,°h paymrnG sr., hereb•/
<br />~ pl erlgtKt a~ srearity foe th.- ucpaid 'aaianrr of the morlgaKr rode ht==dress
<br />Tu procure, drlicrr b:- aml ;naintair: fur :he ix•ro•tii of f1'.•Mnrigag<-c dormg Site life of thi=; mortKagr origtral policies and
<br />renewals them>f, deliv<ved at Nast ten rises F,vfnm the• e.c pi rt h+m of any such Politic;. insuring against fire and other issues Me
<br />hazards, casualties, and rontingenties a.; the Mortgage-r• rna•: require, in nr. amount equal to the indebtedness secured by this
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<br />a ''ur a,r __«.a a"„_ its. .f « ,;r, ., „_ .... ,-
<br />fviorigagr -rw vrtpanie... epi.. n ,«, .. .. a,r iKai:.~ .. ,, ., ., ^h!.~.......- ..r f3 ... •,~f and in f+:. ... __ l,fahir• r„ e),r 11.~.fna.
<br />gee, In Lhr event am p dicy is n ,t renew ed un ur b,~fore +r t. dal. ct it- ~eriratirm. ter ,:7nr[gagrr may t-r«xv r.= nsurancc un the
<br />impn>ve,~nant.- pay the pre-m loot thereto r, and .urh ->rrm .hall bet:+mr iRUnrdiately due= and payeb!e with interest at the race set
<br />fortlr is said note unfit a•~id and .hall ix• s«•c+!rvd hp this m•~rtKagr Faiinrv on ti:v parf of the J rtgagur to turn , _.uch rr~nev~°eis
<br />o
<br />Mrutgagre. cuns4ihrta a default
<br />as are herein required ar fella re b+ pay soy suers advrnced her«-=older ;hall, at the option of !h~
<br />under the terms of this mortgage. "l'he eL•Iicery of such policir-: shill- m thc- ,•~.-nt of dvfau;t cnnstttuty an aswrKnmrn[ :,f the un-
<br />earned premium.
<br />Any sums recviveel try the \f ~rtgage>e by reason of loss nr damage invu:ai agai rst mey he mtainrd by the M1-tortgagre
<br />and applied toward the payment c?F the debt hereby sr-ru red, nc at the option of the Mortgagee, such sums either wholly or in
<br />part may he paid over to the Mortgagor to tee used to repak such bulldogs i+r to huild~new buildings in their pace ur for any
<br />other purpose ur abject sati_factorc to the Mortgagee without affecting the lien on the mortgage for the full amount :rcu red here-
<br />by tmfure such pav ;rot ever irx,k mace.
<br />To promptly repair, restage or rrbui!d snq kwiding~ •rr :mt.r,s-emrnts nn•x ur h=-rvaftr•r an the preeni.es which mat be~
<br />come damaged or dent roved: to keep said premises in g«?d cnndi[i «,n and repair and free from any mechanic's !ten cr other lien or
<br />elaint of lien not expressly su txrrdinated to the lien hrrruE nut ht suffer or permit any unlawful use u( or any nuisance to exist on
<br />said property nor to permit waste on said premises. nor to di+ am- othr-r act w-herehi the prrq>r-ety hereby c,+nv, led shall become
<br />leas valuable, nor Ln diminish or impair its valor by ant act ,.r ~m;!eviur. to net. to rum;•t•. with all requirements ,+f law with rrspx•t
<br />to the- mortgaged premise. and the- use thercrof.
<br />That should [he premises or an. part thee!-of tx• taken «~r rlama~ed by reasor- of and pubhr improvement or condemnation
<br />proceeding, nr under the- right of +•num•ni :iu:nau., :.r !n env „tits-r mann.•r. ihr \fcrigagrr .~hui! i;.- .~n:.:;<ra t:; ..n rz:m;x•n,a?a;nc,
<br />awards, and any other payment ::: rrht-f !beef-f€::. ant! shat{ tar entitled, at its opt.inn, fo remmv-at*~e, apr,.~ar itr sn.l pnY?ctutr in it<S
<br />pvvrr name any action ur prrx'eed.nh, «-. -o usak.° any ~. -.ripe+rnu-, or settlement 'n .nnnertinr ~ith such taking or rtantage .4Ii such
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<br />actioa and proceeds are hereby assignvrl to fire Morigagca, who ma_v. after de•ri u.-'ting
<br />damages, right rif
<br />awards
<br />compensation
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<br />tharcftom alt i~ azpr :ses release cry mar:evs sr+. received by =.t or apply the same on any indebtedness secured hereby. The Mort-
<br />gagor agrees to execute such Iurther aasignments of any rumprnsation. awards, damages, and rights of action and procr.Kis as the
<br />Mortgagee may require.
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<br />s tx•haif everything
<br />Thal in case of failure to perform am' of the ,'•ocensnts herein. the Mortgagee may do on the Mortgagor
<br />sq covenanted; that the Mortgagee may aLsa da any act it may deem nrcessa ry to prcrtert the lien thereof: that the bortgagor will "'a"
<br />repay upon demand any moneys paid or disbursed by the bortgagee for any of the above pu rpascs, and such moneys utgether with ~~+
<br />interest hereon at the tale provided in staid note shall become sn much additional indehte.inrss h~rebp s.a•ured and may F+e im
<br />ctuded in any decree foreclosing this mortgage and lx patd out of the rents or prorreds of sale of smd premises if nut othrrwrsr >;r_:
<br />paid; !fiat it shall not be obligatory upon the Mortgagee to inquire into the validity of any hen. encumbrances, or claim in ad-
<br />vancing moneys as shave authorized, but nothing F.erein contained shall brr construed as requiring the Mortgagee to advance any -
<br />moneya for any such purpose nor to do any act hereunder; and that Mortgagee shalt not incur any personal liability hrcaase of any-
<br />thing it may do or omit to do hereunder-
<br />In the event of the default by Mortgagor in the payment of any installntrnt, as required by the Note secured hereby. or
<br />in the performance of the obligation in this mortgage nr in the m+tr secure,! thereby, the Mortgagee shall br entitled to declare the
<br />debt secured hereby due and payable without notice, and the Mortgagee shalt be entitled at its option, w'ithnut metre, either hp itself
<br />or by a receiver to 6e appointed 6y the court thereat. and without regard to the adequacy of any security for the indebtedness se-
<br />cuted hereby, to enter upon and take poskession of the mortgaged premises, and to collect and receive the rents, issues and profits
<br />thereof, and apply the same, .less costs of operation and m1lt?<tian, upon the indebtedness secured by this mortgage; said rents,
<br />'sashes and prt~ta-being_hereby-as::ignrd-to the Mortgagee as further sei:tizitj far the pa° went pf alt rode=htedn. as secures harehy-
<br />The Mortgagee shalt have the power to appoint any agent or agents it may desire for the purpose nt repairing said prem-
<br />ises; renting the same; cpllecting the rents. revenues and income, and it may pay out of said income all expenses interred in rent-
<br />ing and managing Lhe same and of collecting the renfals theretmm. The balance remaining, it any, shall he applied toward the
<br />discharge of the mortgage indebtedness. This assignment is to terminate and become null and void upon release of this mortgage.
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