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THE MORTGAGOR FURTHER ~VENAi,1TS A`ND' AGREES:
<br />That-the- Mortgagor wilt pay the indebtedness as hereinbefore provided.
<br />Thai the Mortgagor, is the owner of said property in fee simple and has good'~iight and lawful authority to seN and
<br />convey the same and that the~same is i_ee and dear of any lien a;-encumbrance; sad that Atortgagnr wi}i warrant and de€end_the
<br />title fa said premises against the claims-of-21l ;znrsan5 whoritivaever. -
<br />To pay immediately When due and payable all genera! taxes, special taxes, special assessments, water charges, sewer sen•-
<br />ice charges, and other-taxes and charges agaimsi said pra,.erty, and alt taxes Levied on the debt sera red hereby, and to furnish the
<br />Mortgagee, upon request, with the original or duplicate receipts therefor. The Mortgagor agrees that there shaft be added La
<br />each monthly payment required hereunder nr under the cute}once of debt secured hereby an amount estimated by the Mortgagee
<br />to be sufficient tc. bttable the Mortgagee to pay, as they become due, all. taxes, assessments, and similar charges upon the prem•
<br />~. isa_c subject thereto: any tleficieac- twcause of the insuffirienxy of such additional payments shat! txe forthwith deposited by the
<br />rt Mortgagor with the Ma,-tgagee ufxrn demand h~~ the Mortgagee Any default ender th:_ paragra{ih shall he deemed a default in
<br />payment of taxes, assessments. nr sitnitar charges required hereunder.
<br />'~ The Mort-a a a-reec That there shah atsa tx• added !,~ each month? ~ a meet ni
<br />K g, 6 } p~ y prtncipai and interest required itere-
<br />under sn amount estimated t+y the 1lortgagee to be stt'Cicicnt to enable the ASortgagec fa pay, as it hecontos due, the insurance
<br />} premium an any insurance policy deiiee:vd to the tiortgagee. Any deficiency because of the insufficiency of such addihnnat pac-
<br />merttz shalt be forthwith deposited by the Mortgagor with the Atnrtgagee upon demand by the '.vlortgagee Any defauit under this
<br />paragraph shalt he deeme:i a defauit in the payment of insu ranee premiums. If the policy or policies deposited are such as home-
<br />owners or alt risk peiicies, acrd the rtefwsits are insufficient to pay the entire premium, she iwtcrtgagee may apply ihz deposit to
<br />pay premiums on risks rnquired to be insu reel by this mortgage.
<br />Payments made by the tittutgagar under the above paragraphs n:ay. at thz option of the Mortgagee, be held by it and
<br />commingled with other such funds or its own funds for the payment of such items. and unfit sa applied, such payments see hereby
<br />pledged as security for the unpaid balance of the mortgage indebtedness.
<br />To pmcire, deliver tc,_ and maintain far the bene5t of the Mortgagee during rite life cif this mortgage original policies and
<br />renewals thereof, delivered at !cast ten clays tx-fare the rxptratton of am~ such policies, insuring against fire and tither insu cable
<br />hazards, cssusities, artd contingenrizs as the Atortgagec may require, in an amount equal to the indebtedness secured 6y this
<br />A4ortgage, and in companies atxeptablz to the Mortgagee. with Liss payable clause in favor of and in form acreptshte to the ~fartga-
<br />gee. In the event any paEicy is not renew~zd un or beta re ten days of it exI» rattan, the Mortgagee may procu c~ insurance on the
<br />imgravements- pay fhe premium therefor, and such sum >hati ixs:.>me intmeciiately due and payable with interest at the rate set
<br />forth in said note until paid and shall tn• ~ecu red by this mortgage- Failure on the par*_ of the Mortgagor to furnish such renewals
<br />as are herein required ar failure in pay any sam~ advanced hereunder shalt, at the option aE the Atnrtgagee, constitute a default
<br />under Lhe terms of [his mortgage. The delivery of wch ?w'.iri+++~ shall. in the event of default, constitute an avignment of the un-
<br />earned Premium.
<br />Any -sums received hY the '+Iartgagee by reason t:f loss ar damage inwred against may he retained by the Mortgagee
<br />and applied iow~atd the payment of the debt hereby secured, or, at the option of the ~Sortgagee, such sums either wholly or in
<br />part may he paid over to the Martg-a~ar to be used to repair such ??uiiding=_ ar to build new buildings in their place or for any
<br />other purpose or object satisfactory to the Mortgagee without at?ecting the Lien un the morgage for the full amount secured here-
<br />by before such payment ever tonic place.
<br />To promptly repair. re_tare .,r rebuild any buildings cr improvemanf-= now ~+r hereafter on the ,tremiws which may be-
<br />co:rxe damaged ar destroyed: to keep said premiszs in goad condition and repair and free from an}~ mzcitanic's hen or other lien or
<br />cka6m d Pien nut expressly subordinated to the lien hereof: not to suffer or ix•rmit and unlawful ux= of or any nuisance ro exist nn
<br />said property nor to permit waste on said premises, nor to do any of her act when~hy the pn+{x=rt~~ hereby conveyzd shall become
<br />izsa valuable, nor te: dimimsk or impsir ii. value by any act or omission to act. to cc~mi??j :.ith all rwiuirrmeots cfi law with re-sped
<br />to the mortgaged premises and the use thereof.
<br />That should the premiszs or amp part thereat ~ taken ,xr damaKed hl" rea.+~n .~f arc: ?nch;~. ;mprnvement or condemnation
<br />Proceeding, or under the right of zmirtent dcxnain, er in any other manner, the Mortgagee shat! 'rte entitled to aft cY:mpensafians,
<br />awards, and any other payment ar relief therefor, and shat be entitled, at its option, to rnmmence, appear in and prosecute in its
<br />Dora nartre any action ar proceeding, ar to make any et~mpromise cr settIement in manection wish such taki~tg az damage. All such
<br />catmpeaaa#irtrn, awards, damages, rigttt of action and ptixreds are herzhy assigned to rite :4furtgagee- who may, offer deducting
<br />tlter+elautn aN its expenses, release any maxteys so received by it or apply the same oft any indeMedness secured hereby. The Mort-
<br />gagcsr agrees to extxatie wch farther assignments of any campensauun- awards, damages. and rights of action and proceeds as t}te
<br />Mortgagee may require.
<br />That in t:ase ccf failure to perform any of the. t-u+enants herein. the Aortgagee may du nn [he ~•2ortgagor's 6ehalt everything
<br />so eovenanteri; that the Mortgagee .may also du any act it may deem necessary to protect the lien therm(: that the Mortgagor wilt
<br />repay upon demand amp moneys paid or dicbu rsed by the Mortgagee [or any of the above purposes, and such moneys together with
<br />intent thereaa at the rate provided in said note shat! became sa much additional indeb"redness hereby secured and may he in-
<br />dented in any decree foreclosing this mortgage and tx• paid out of the rents or proceeds aE sate of said premises if not otherwise
<br />paid; fiat it shall mat he obligatory upon the Mortgagee !n inquire into the vsiidity of any tier., encumbrances, c,r claim in ad-
<br />v~ciisg tmtasreya ffi above-authorized, but mokhing herein contained shalt tee construed as requiring the Mortgagee to advance any
<br />rno~ya. haF any atx:h-purpose txx to do any act herettrafer: and that Mortgagee-shall not incur anY Personal :lability because of any-
<br />LMati it may ~ or omit fo do hereuider.
<br />Ia the event of the default by Mortgagor in the payment of any installmznt, as required by the Note secured hereby, or
<br />in ttx per{onmttace.af the obligation in this mortgage or in the note secured thereby, the Mortgagee shall be entitled to declare the
<br />deli ant:tued 2teereby due arttl I~yab3e without rtcrtice, end the Mortgagee. abet! be entitled at its option, without notice, either by it9eit
<br />ac 3rg a. teoaiver to be appwiited hg the court thereof, and without regard to the adequacy of any security for the indebtedness se-
<br />to eaier~npon-and iatie pix{setiaiunoT the-mortgaged premises,-and to cotleci and rereive the rent:. issues and profsts
<br />thet+"+ea£~>eegl apply t.4~~aavte..tray rzata of operation and colteetion, upon the indebtedness setvtred by this mortgage; said rents,
<br />ianaes-asst prviits iti+in~ 6erehyassigired to rt+e~Adartgagee as further security far tha payment of alt indebterinesa srv~urevl hereby.
<br />The Mortgagt»_ shall have the power to appoint any agent or agents it may desire for the purpose of repairing said prem-
<br />iees; tantin6 the-, attm4:.: eplleettttg_the, rants, revenues and income, and i{ ,,,ay paY out of said income ail expenses incurred in rent-
<br />irtg and tuanttging rho same atul~of edlectirtg the rentals therefrom. The bataace remaining, if anY. shall be applied toward the
<br />diaetrarge at the a u>dabtr. This assignment is to terminate acrd became null amt void upon release of this mortgage.
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