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~li TA3E MOFYi'1C AGAR i?'iJRTKES t~3;/EIt'iiATw°t~'i AI+,'13~ AGRS: 1 i.»r , 9 .ll ~ _< r w Tltat the iM+rrtgagor witE pap :the indebtedrttl~~sa as herQinbetmRe provided.... ~~. ~9~~ ~~ ~r '~ That the Mortgagor-is the .owner of said procerty in ter simple and has garxf right and tar*-tu{ authority to .~it sort convey the same attd that the same is fry anti clear of any lien or encumbrance: anci that Martgagr;r wilt warrant and defend the title to said premises against the ciairrts of -all persorta. whomsoever. t To pay itrimediafely whendue and payable ail general taxes, special taxc_, special assrs+mr-nts, water charges, sewer sere-•- P ice charges, and other taxes and charges against said property, and alt taxes tevi:vi un the- debt secured hcrrby. and to furnish the Mortgagee, upon request, with fhe a?iginaf or duplicate receipts therefor. 7'hr \lnrtgagnr agre•r-n that thr~rr shaft be added to each monthly payment required hereunder err under the s>virlence of debt srtured f:ere?:y an amr,unt estimated hp the Mortgagee to be su6icirnt to enable the Mortgagee to pay, as they become due, all taxes, assessments. anri .imiiar charges upon the prem- ises subject thereto; any deficiency because of the insufficiency of such additional paymr-ntv ,hall Fee forthwith depcsiir-<t by the Mortgagee with the Mortgagor open demand by the Lfnrtgagee Any riefault trd,•r ''.,ia Yea rrgratrh shall he de.•med a riefautt in -paytnent of taxes; assessments, nr similar charges required hereunder. _ The Mortgagor agrees that there shall also be added to each monthly payment o! prineipai and intemst required here- under an amount estimated by the Mortgagee to be suRicienE to enable the Sk,rtgagrr to pay. a= it her*,mes du-, ihr insu rarer prercium on any insurance pollee delivered to the Mortgagee Asy- drficcency~ h,K•.au.:- ~,( th=~ insuffic~r•ncy r-f suet: additional pay- ments shalt br fnrthwiih deposited try the Mortgagor with the Martgagee upon demand F.y ihr tlnrtgagee Any rlefau}Y under this paragraph shall tee deemed a default in the payment of lnsuranee premi;:ms [t the pollee ~,r Ix,lirirs dep<::.itrd are such as }eomr~ owners or all risk lxAicies, and the deposits are insufficient to pay the rnh rr- p-rmium, fhe Stnrtgagrr may apply- the de;,rsrL to pay premiums on risks required to he insure-ri Fry this mortgage. Faymen Ls made by the ;11.,rtgagur under fhe above paragraphs may, a! dre option rf the 'rf nrtgagee, t±e held by tt and camminglyd with other such funds er its own Funrls for the payment of each items. and untiF so applied, such payments arc hereby - pleelgevi as security far the unpaid };stance of the mortgage indehtednesss. - To prcx~ure, deliver to. and maintain far the Fx•nefit of the Alnrtgager du:irg Lhr hie ;:f th:s mr,: gage r;riginai pnlic,es and renewals thereof, detivemd at teasi ten clays hetore the expiration of an; .uch pnhcias, insuring against fire and ether insnratrle hazards, casualties, and contingencies as the Mortgagee may require, in an amount equal to the indebtedness secured by this Mortgage. and in companies acceptably to the Mortgagor, with loss payaF.le clause in facer of and in form acceptable to Ehe Mortga- gee. In the event any policy is nni renewed a ur }xdo re ter, clays of itti- expiration. the Mortgagee may pracu re insurance sn the - improvements, pay fhe premium therefor. and such sum shaft b<~r:>me rmmrdiately riur and payable 'with interest at [he race set - forth in said note until paid and shall ter v>cured by this mortgage. Failure nn the part of the 3tortgagor to furnish such renewal=_ - as are herein required ur failure to pay any sums advanced he rounder sl:ali, at the option o€ the Mortgagee, constitute a rlefaulL under the terms o[ this mortgage- The deLvy ry of such policies shat.', in the evert of default, .anstitufe an assignment of the un- earned premium. - Any sums received by the Rortgagee by reason of loss or riamagr insured against may tee retained by the bortgagee and applied toward the payment of the debt hereby secured, or, at the option of the Mortgagee, such sums either wholly or in part may tee paid over Lo the Mortgagor to be used W repair such buildings or to huild'nrw buildings in ihcir glare or for env - other purpose or object satisfactory to the Mortgagee w~th<,ut affecting the lien on the mortgage for the full amount secured here- by before such payment ever t<xrk place. To promptly repair, restore or rebuild any buildings or improvements now or hereafter on the premises which may be- rnme damaged or destroyed; to keep said premises in goad condition and repair and free from any mechanic's lien or aihrr lien or claim of lien not expressly suhardinated to the lien hereof: rot fo suffer or lrrrmit any unlawful use of or any nuisance in mist on said property nor to permit waste on said premises, nor to do any other act whereby the property hereby .tanveyed shall became lei valuable, oar to diminish or impair its value by any act or omission Lo act to cnmph- with al! requirements of law with respect _ to the mortgaged preen s _r,.l the „se thereof ~ - i - - That should the premises or any part thereof be taken or damaged by reason of any public improvement or condemnation proceeding, or under the rig};t of eminent domain, or in any ether manner, the 'vtortgagee shall M° entitled to aft ci;mpensatians, awards, and any other payment or relief therefor, and shall be entitled, at its aptian, to commence. appear in-end-prosecute-ie i~ own.rteme any action or proceeding, or to make any rnmpromise or settlement in connection with such taking or damage. Ali such coinpets~stinn:-awanis, darrtsges, right-af action and pnx~eeds are hereby assigned to the Mortgagee. who may: after deducting ___ therefrom 611 ifs expenses, release any moneys so received by it or apply the same- en-any inlebtedrxss-seeurtd-hereby: Ttte Mort• gager agrees to-eaewte 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 Morfgagee may do on khe Mortgagor's behalf everything so covenanted; that the Mortgagee may also do any act it may deem necessary to protect the lien thereof, that the Mortgagor will repay upon demand any moneys paid ar disbursed by the Aiartgager for any of fhe a}wve purposes. and such moneys together with interest thereon at the rate provided in said Hate shall become sa much additional indebfretnrss hereby seeurert and may Fe in- eluded in any decree foreclosing this mortgage and be paid out of the rents or proceeds of sate of said premises if not otherwise paid; that it shall not be obligatory upon the Mortgagee to inquire into the validity of any lien, encumbrances, or claim in ad- vancing moneys~as-shave authorized, but nothing herein contained shall be construed as requiting the Mortgagee kr advance any mo»2ys for any such purpose nor to do soy set hereunder; and that Martgagee shall nut incur am~ personal liability because of any- thing it may do or omit to do hereunder. In the event of the default by hiurtgsgor in the payment of any installment, as required by the Note secured hereby, or - _ in the performance of the obligation in this mortgage ar in the note secured thereby, the bortgagee shall be entitled to declare the - debt secured hereby du@_and payable without notice, and the Mortgagee shalt he entitled at its option, without notice, either by itself or by a t®ceivet to be appointed by the court thereof, and without regard-fo tfie adequacy of any security [or the indebtedness se- cured hereby, to enter upon. and take-pos9essioti oT the mortgaged premises, and to ctilleck and receive the rents;, issues and profttg - - -thttrie~, and apply the same; ;less costs--of-operation and collection, upon the- indebtedness secured by this mortgage; said rents, _ - idanes and proAts.being hereby assigned-ta ilte Mortj;ageo~as further security joy the-paytnant of aH indebtedness~secirred hereby. _ - The Mortgagee shalt have the power to appoint any agent or agents it may desire for the purpose of repairing said prem- . lace; -renting the_Bame; rnllecting-the rents, revenues :anti income, and it may pay out of said incrome alt expenses incurred in rent- - ing and managing the same and at rnileMing the ern#ats therefrom. The balance remaining, if any, shall be applied Wward the _ __diacharge of the mortgage irtr}ebtedaess This easignntent is to terminate and t:ecome Holt and void upon reletisA of this mortgage.