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z M~'r'I1:~"cnt~ozx '>~I~ (70YEN,A; wl~tJa w~ttsx;s, i ~~, ~:w~ That t~,,~,,~lV~lotstgr will pays, t};te itrdeb~ry~ttx as i,~ereiabdforce provided- o~'.. That the Mortgagor-is- the owner of said property in tee simple and has good right and Iswfui authority to sell and convey the same and that the sortie is flee and clear of any tied or encumbrance, and that Mortgagor will warrant and defend the title to said premises against the cfairna of all persona whomsoever. To pay irtunediately when ~fue and "payable all general taxes, special taxes, special asw•>_sments, water charges, sewer serv- ice charges, and other fazes and charges against said properly, and all razes levied on ihr dehE secured hereby, and to furnish the Mortgagee. upon -request, with -the original or duplicate mceipts tifere4or. The Mortgagor agrees Ehat there shall he added fo each monthly payment required hereunder or under the evade*[ce of debt stcu:ad hereby an amowrt estimated by the Aforigagre to be sufftcierit--to enable-.fhe Mortgagee to pay, as they become due, al! taxes ~assf:.+ments. and similar charges open the prem- ises subject thereto; any-deficiency t?ecause of the insufficiency of such addifinnal payments shall Fn• forthwith deposited by the Mortgagor with the Mortgagee upor, demand by the Mortgage r. Any rtrfault under this parfgraph shalt hr deemed a r3rfauit in payment of taxes, assessments, nr similar charges required hereund.=r. - ThP Mortgagor agrees that there shoal also be added to each monthly payment of principal and intr•rrst required here under an amount estimated by the Mortgagee to he sufficient to enable the Rf„rtga;;r~+- c ;~a; a, :+ L.-:-..:,,, ,,,, k- ;n-~.:ranr.~ a ,y ..• premium an any insurance policy delivered to the Mortgagee- Any deficiency tx`cauue ;~f tLe in_uffci.=nrr +~t ,u•-h a+Idtf:onal pa~-- merr`ts shall tie forthwith deposited by the Mortgagor with the Mortgagee ufx>n demand by the Rinrtgagre- Any default under th;s paragraph shall t?e deemed a default in the payment of insurance premiums I[ the policy .,c Ixdirirs ,iep.,,l t.:d an= such a* tw:mr- owners or alt risk tn?lieies. and the delwsi is are= insufficient to pay the enhrn premiumm. th,• iL+rtga?;r.r ma, appy the d,•po:-rt to pay premiums nn risks required to be insurer! by this mortgage. Payments made by the Mortgagor under the above paragraphs may, at the option of the ;tortgagr~~, t_>e h,~ld by it amt commingled with other such funcJs or tLs own funds for the payment .d such items. and ??ntii ra, applied, such payment, are horrhv pledged as security for the unpaid balance of the mortgage indebtedness. To procure, deliver tq and maintain for the trrnrfit nF the R~tortgagee during the lnfe of this murtgagr• original ixtliciea anc! renewals thereof, delivered at least ten days before the r-xpirativn of any such txrliiie~. in<urrng against fire and other insurable hazards, casualties, and contingetrcies as the Ivfortgagee may require, in an amount equal to the indebtedness sfrured 6y this Mortgage= and in companies acceplabte to the Murkgagce, with lo:.c payable clause in favor of and i^ form acceptahlr L? Ehe !ltertga- gee. In the event any policy is not renewert on ur before ten days of its rx{?irarim?, the Rinrtgawee m y pr.z•urr in€u,-aac~ on the improvamenfs, pay the premium therefor. and such sum shall hrc~me immediately due and pas able with interest at the rate set forth in said note until paid and shall fv~~-cm;ed by this murtgagr. Failure on the part of th+ >i nrtgagor to fu roish such renewals as are herein required or failure to pay any sums advanccYl hett•under shall, at the opLon of th.- Mortgagee. constitute a default under the terms o[ this mortgage- 1'he delivery of .urh policies shall, in the event nt default- rr:nst~fute an assignment at She um earned premium. Any sums n:r+-ivied try the R4or±gagee by reason of loss or damage insured against rosy F?e retainad by the tf nrtgagee and applied toward the payment o[ the debt hereby secured, or, at the option of the bfortgagee. such sums either wholly ur in part may be paid over to the Mortgagor to t?e used to repair such buildings or to build new buildings in their place ar for any other purpose or object satisfactory to the Mortgagee without aftecfing the lien nn the- mortgage fur the fu^ amount secured here- by he[ore such payment ever tack place. To promptly repair, restore nr rebuild any buildings nr improvements now or hereafter on the prc•miu-s which may he- eome damagcrl or destroy d: to keep said premises in good condition and repair and free from ary mechanic's lien or other lien or claim of lien not expressly subordinated to the lien hereof; not to suffer or permit any unlawful use o[ or arty ^uisance to exist nn said property nor to permit waste on said premises, no: to do any other act w-here-hv the pr=rr •rty he eery c-onvr•vrd Shall become leas vaiuahle, oar to dimrnrsh or impair its. value by any act nr omi~sia,n to alt, to it.mpll +-. itF.-31t r:=yuirements art !aw witty :~ ,pr•ct to the mortgaged premixes and the use.thereo(. That Should the premises or ary part ihere•uf he taken ur damaged by n--anon of an~° public imprrrfaefnY~t~entnation prvt~ediag, or under the tight of eminent domain, or irz any other manner. the Mortgagee shall E.v .-ntifted to all comi~nsations, awards. and any other payment or relief therefor, and shall be entitled, at its option, to commence. apfx`ar in and prrwecvte in its ow-n name any action ar proceeding, cr to make any rompromiar nr settlement in enrinrction with such taking ar rismare. Alt such ca%npeneption, awards, damages, right o! action and pn?ceeds are hereby assignrfl to the 3lnrtgagee.. who may. after. daclucting therefrom sit its expenses, release any moneys so received by it or apply the same un any indebtedness secured hereby. The Mort- gagor agrees to a:ecvte such further assignments of any compensation, awards, damages, and rights of acdun and proceeds as the Mortgagee may require. That in case of failure to perform any of the covenants hereto. the .1•tortgagee may do oa the R4ortgagor's t>e`half everything so rnvenanted; that the Mortgagee may also do any act it may deem necessary to protect the lien thereof: that the Mortgagor wi-t repay upon demand any moneys paid or disbursed by the Mortgagee for any of the above purposes, and such moneys totPther with interest thereon at the rake provided in said note shalt become so much addifinnal indebtedness hereby secured and may tW im eluded in any decree foreclosing this mortgage and be paid out of the rents or prcureds of sale of said premwrs it oat uthc rwise paid; that it shall not be obligatory upon the Mortgagee to inquire into the validity of any tiro, encumbrances. or claim in ad- vancing moneys as shove authorized, but nothing herein contained shah be construed as requiring the Mortgagee to advance any monoys for.any such purpose not to do any act hereunder; and that Mortgagee shall not incur any personal liability because of any- thing it may do or omit to du hereunder. In the event n! the default. 6y Mortgagor in Ehe payment of any installment. as required by the Note secured hereby, ar in the performance of the obligation in ihie murtgagr or in the note secured thernby, the Mortgagor shall he entitled to declare the debt refatted hereby due and payable without notice, and the Mortgagee shall be entitled at its optimr, without notice, either by itself or B~:a receiver to be appointed by fhe court thereof, and without regard to the adequacy of any security for the inclehtcdnrus.se- cured hereby, to eater upon and take pos9es?ion of the mortgaged premises, and to collect and receive the rents, issues and urufifs tlfereof; end-apply the came.less casts of oparation and colfectan, upon t3:e indebtedness secured by thin mortgage; said-rents, isstsrt and pi~o!!ta beitta hereby asrdgned'to the Mortgagee as further security for the payment oI alt indebtedneR serumd hernhq: Ttfe Moegagee shall have the power to appoint any agent or agents it may desire for the purpose of repairing said pram it+es; renting tha_eame; tx>Ilesting the rents, revenues and income, and it may pay out of said income all expehses incurred in rent- itss and managing the same and of i.wllecting-the rentals therefrom. The balance remaining, if any. shall be applied toward the dixharge of the mortgage indebtedness, This ,assignment is to terminate and become null and void upon release of this mortgage.