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<br />T.HE MORTGAGOR FURTHER COVENANTS AND 'AGREES: -.i t
<br />:z' s
<br />That-the. Mortgagor will Pay the indebtedness as hereinbeiore _ptotdded. - - _
<br />That the Mortgagor its the- owner of said property in fee simple and has good right and lawful authority to sell and
<br />convey the solos attd that the same is free., xni3 clear of any lien or Pncutrtbrance; and that Mortgagor will warrant and defend the
<br />title to said premises against-the ciaims.ni all persons whomsoever. -- _
<br />To payitttinediateiy when due emit payable_akl geneial-taxes: special taxes, special asses-vmantc, w•aier charges, sewer serv-
<br />- ice charges, snd other taxes and charges against said property, and all taxes levied on ¢hP debt recured hemhy. and to Furnish the
<br />Mortgagee. upon iequesd, with tlta original or duplicate receipts therefor. The tiiortgagor agree. that then- chali tx' added to
<br />eath monthly Payment required hereunder or under ihP evirence of debt secured hereby an amount estimated by the Mortgagee
<br />to tse sufftcient- fo -ens#Ie- the- R$ortgag~= to paY, ~ fi;Py L'eeamP due, stl taxes, aasec. me tts, and -similar charges uiwn the prem-
<br />~ lass subject thereto;-atty deficiency because of the insufficiency of such additional paymc +tc si+ali hP torthwtth dopasiteri t+y the
<br />Mortgagor with the Mortgagee u}xsn demand 6y the ?~orgagee. Any default under this paragraph shall he d«'a•+nrd a defatilt in
<br />payment of taxes, as'sPSSments, or similar charges regmmd hereunder.
<br />+.~
<br />The Mortgagor agrees that there shad also he added to Pach monthly psymrnt of prtncipai and 6tten•st required here-
<br />under ar- amount estimated be the Mortgagee to Fx sutTicsent M ensble the• 4ortgagee in pay, as it tx•euin<s elec. ih<, cnsurantr
<br />premium on any insurance pOhry del n'Pied fa the biurtgagee.:\ny rk•ficiency i+ecause of the utsuffitiency of such additional ltay-
<br />~ meets shall t+e farthwit F. dPP~iied by the tiiortgagor wilh the \iortgagee urn demand by the Mortgagee- Any default under this
<br />. paragraph shah be deemed z default ir. the Payment of irsu ranee Premiums if the policy ur policies deposited are such as tnrmP-
<br />aw•ners or all risk n<rGeies, and the deposits are insufficient to pay the rnivr premium. fhe '.~inrtgagee mac apply the deposit to
<br />• pay premiums on rsks required to ix' irsu red by this mortgage.
<br />Payments made by the Mortgagor under the abase-. par~grnphs may. at the option of the D~tortgagee, he held~hy it and
<br />ccunmi_ngled with other such funds or its own fur,<ls for the na}•ment of loch itente, and unfit a~ sppited, such payments are hereby
<br />piedgc+-1 as seeurily for the unpaid halarce of the m,+rtgay-,e lode htedn:'~c
<br />Ta procure, deliver tu. and maintain for th-e benefit of ih.- ~torten!ta<• durini; the life of this martgage original polities and
<br />_ eu r~r d..liverPd at least fen days ix'fore !hr oz;n ra t:~ut •:•f anc <at:h rv lit te:, insunn; against fire and other insu ra~l~
<br />ltazatds, casualties, snd contingencies as the i4iertgag< ~ maz' requ+r rn an amount equal F.> the indeo2c. <-~ 3<-..
<br />il3ortgt.;_, and in companies aca'Pr~,hte u, the \iortga H rth t ya, t la in f t r•( and in farm acn•ptahle tr th< Siortga-
<br />- gee, in LhP event soy pulley sc not rPnearrd on or tx'fon• t.~n dace r-•t a.. ~zpi•auon.. tte 1.ortgaga°e may prc?cure tncurancP on the
<br />improvements, pay the premium therefor. and such gum steal; t+~K•:ame ~mmerl+atr}~ due and payable with interest at the rate set
<br />Forth in said trots until Raid and shalt txe .rcu rc-ci '+~~ this m,rrigage Fatiu r:• un the Pa Y. of the \iartgagoc to furnish such renewals
<br />ae are herein required or failure io pay' any sums advancr.i hereunder shall, st the option of the MortgagoY•. c:snsiitutP a =lefault
<br />under t15P terms o£ this mortgage. The driivery of =uth ;', ~k+ec shalt, m the event of default. carstitute an a. vgnment of the un-
<br />- eartte~d premium.
<br />piny sums received by the liorigagre 6y- read^. .r; loss or damage insured against msy i+e retained by the tit nrtgagee
<br />and applied toward the payment +,f the det.t herrhy s. c.. red. or at the option nE the 4f artgagee, such sums either wholly ar in
<br />part may be paid aver to the Dlortga€+>r to hr used to regau wch buildings or to band'new buiiclings in fttesr P1acP or far sm-
<br />other purpose or ob}ec! satisfactan~ to the Ma~rlgagrP a+,.,.,•ut affecting the lien on the mortgage for the full amount secured here
<br />hy' before such payzaent ever tack plac4•.
<br />To pr~npttY repair, restate err r<-twiid any 9+uilatngs or improvements now ar hrreafix nn the premises which may he-
<br />carafe damaged or desiroycd: to keep said premi_ zs in gcxxi rnndi lion and report and free foam any mPrtaanic's tiro ar ether fien or
<br />- claim of }ten rxti ezpmssly ?utardinara'd taT the loco hrrrof nut to suftr-r ..r r rmri any erhw-ful use- of nr any mr+sance «r exist an
<br />said property oar to permit waste on said premtses, nor to t}e any other act whrrrhy the property hereby tanveyed shall hetnmP
<br />Le±a; va3tiabie. nor to diminish ar impair its value by an} act rr ome.~c.on te. act. ro c^mp «ith ail requirements ut law wlih respect
<br />to the mortgaged Preratises and the use thercuf.
<br />'t'hat stuuid the prrmi=<-> ,:r ors}~ part ihP r<,.i he taken i~r damagri by rra<:,n a•f and P+thhc improvement or condemnation
<br />pwceexiittg. o; under floc ngist of rmsnent dtnnain..•r sn any attter manner _ the tiiortgageP s3.al! he entitled to ail compensations,
<br />awards. a_xi any other payment :sr relief th.-rrfor, and shah tae entitled, at tts option- to mmmenc>3. ap;tear to end prosecute }n its
<br />otrn creme an)• attian ur Ptt >eedtng. or i<, make am :cmpromtse cr sP'.tlement t-^- <=nnPCUOa with wch taking ur damage. sit such
<br />- rcaapta~+ation, awards, damages. tight of atiiot•. and proceeds are iaerehy assigned to ttK ?.#ortgsgee. who rnay. after deducting
<br />ittere•faem ail its exPensea. reieasr any moneys so reeetved by it or aPpdy the same ern any indebtedness secured hereby The Mort-
<br />g~gar Lrgeses-to-eaeattr sutra further assignments of any ocmpensaUOn, awarc¢s, damages, artd tights of action and proceeds as the
<br />Mr<e iaax mwi~.
<br />That to case of failure La i'+e-rfarm an? of the <xn enan[s herein, the 'siortgaKE`r may do on the \lurlgagar's 3?ehalf PvPr?'thing
<br />eo tovensatrd; that the 4lorigageP may alw da any alt tt nay deem tit ^rssary fa Pn±txt the lien thereof, that the tiortgea;or will
<br />ap~r drssand any raaneva paid or disbursed by the Afert.gagPe fur any of the alwve purposes. and suet; n;rneys together with
<br />;n{trest ehareon at the rater pr-,a-idet! in said note shah became sn much additianat indebtedness hereby secured and may he in-
<br />tia y_ arty dectm for-•dasing thts martgage and be paid out of the rents or prurc-d= of Help of said premtsPS +f oat nthrrx•tse
<br />paid; that it shall net t+e nbiigatoty upar. the .lortgagee tat inquire solo the validity of any :sec,. eutumhrances. or cia+m in ad-
<br />vag~ s as shove sutlrorixevi, but nothing tmrein cantairted shat} br construed as requiring the Ivtortgagre to advar•ttP any
<br />tnanaFa for say stteh purpose nor to do say act heceutrder, and that Mortgagee strait not incur any iaerturnal liability hrcau.e of any-
<br />tldng it may de ar omit to do hen ueder-
<br />in ttse event of ihx default by Afcrtgagor in the payment of any installment as requseccl by rt+r >\(:IP secured hereby. nr
<br />is the yeriarmanitr of the ohiigauon in this mortgage or in L+aP note seruz<-d thereby. €.isr `.4ungagre chail r+r vnt,ttrri t,; d.~-laar :he
<br />debt aeetrrtr! hereby due and paYal:le without motile, and the tiler tgagee shah t-~a rn[it}a-3 at tEs upticn. '~+~+th:,ut rrotsc~<•. either by itxelf
<br />~~ ~ or Fry a ts+Ceiver to tx appcaniri! by the court thereof.. asd -zitheut regard to the adequacy of an.y security far the indehtectnesc se-
<br />~~ , to enter upon and toile t>it"n ~ the rn"rigaged Premises, and to rotiPr# acrd receive the renib. isvurx and profits
<br />E thenwi, tnd ap~y ~, . }era torts raf operstinn and zriirrtir,.~.. at'~:a tt~ i4dr!~c"'inr~ sr`urr£d by this Haar#gaga: said rents.
<br />F s •nd gr*s&ts isrirtg hereby assigned !a the Mortgagor as turthrr security for the Payment of all indebtedness secured hereby.
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<br />Tiw Mortgagee shall have the power is appoint any agent or agents it Bay ulecfrsaidrincomr alt exprn~atrnavrrrd ~nprent'
<br />iaaa: rea4ng the same: toileeLiag the rents, revenues snd inrwoe, and it teat P Y
<br />_ ~_ ~ >a.,,>..;,,~ {?~ and ai coil+ecting the rcntats therefrom The balance remaining, it any. shalt hP aPFli~ sward the
<br />~.. ~~ i#ae ~_, This; asrci~tttrrent i$ to trzminatr and become null and void upon release o! this mortgage-
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