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THE MORTGAGOR FURTHER COVENANTS AND AGREES:
<br />F ~' ';s
<br />That-t11e Mortgagor wiN, pay the indebtedness as hereinttefore provided. -~
<br />That the Mortgagor- is -{ne owner of said property in fee simple and has good right and lawful suthurity to sell and
<br />' convey the same and, that the same is free and clear of any ben or encumbrance; and that Mortgagor wilt warrant and defend the
<br />iitte to said-premises agaittst.the etaiim-uf ~If persons- whwnsoevet
<br />To pay-immediately when due and payable alt general taxes, special taxes, special assessments, water charges, sewer serv-
<br />j ice charges, and other taxes and charges agates' slid property, and all *2xes levied on the debt secured hereby, and fo furnish the
<br />Mortgagee, upon request, with the original or duPliraie receipts therefor The Mortgagor agrees that !here shall he added -to
<br />each monthly payment required hereunder ar under the evidence of debt secured hereby :w amount estimated by the Aortgagee
<br />to be su6tciecit to enable-the Mortgagee to pay, as they become due, ail taxes, assessments, anc! similar charges upnn.the prem-
<br />`~ ices subject thereto; any deficiency -hocause of the in.uffici,>ncy n! such additiuna} payments shall be forthwith deposited by the
<br />Riortgagor with the Mortgagee a}x:n <irmand t,. 'the- ;Ffurt~age+• Any deteoit under this ga ragraph shall be deemed a c}efauit in
<br />payment of taxes, assessments. nr similar charges rrrtuirei lu=rounder
<br />The Mortgagor agrees that the rt~~ shall al.+o-hr sdded t„ +•ach month!} payment of principal an<i interest required here-
<br />under an amount ectimatc-d by the 3iortgager to M-• sufficient E_, enable the lortgagee fn pay, as it becomes clue, the insurance
<br />prem+um on any insurance in;ticy delivered to the '.1'f ortgagee Any de;ir,e-ncy because of Ehe insufficierr}~ o£ such addiiicnal pay
<br />t menu shall tw forthwith deposited by the 3Aortgagor with tn,> Mortgagee upon demanri by the Mortgagee. Any default unrier this
<br />Q1 paragraph shall be deemed a default in the payment of ins: ranee premmms If the policy or pri!ici^s deposited are such as tnmte-
<br />~ owners or all risk policies, and the depustts err tnsufficecn! t~r pay t'rc r•nLte pn>mtum, kite Mortgagee may apply the deposit ht
<br />pay premiums on risks required to be insured by this mortgage
<br />Payments made by the Mortgagor under the above paragraphs may, at the „ption of the 1lurtgageg be heldby n and
<br />commirgied with other such -'ands *:rr its own funds fur the payment nt such items, and until se+ applied, such payments are hrrehc
<br />pledged as security for the unpaid balance of the mortgage indebtedness.
<br />To ptrocvre, deliver to, sad main+ai^ for the brvnefit .:£ Ehr• '.lfortgagee <h~ring the `;ifs of tF.is mortgage original pe!ieias and
<br />renewals therarof, delivered at least ten days before the rxpvat+on of anc such paFcie,, insuring, alai nst fire and other incurable
<br />hazards, casualties, and ronfiagenries as the Rortgagee may require, in an amount equal to the indebtedness soured by this
<br />Aiarigttge, sod in txxmpanies acct-ptahie t.. - ..+c,ir;a- -...:,r -., ps - .,r _ - w ;_-. ~- „ an ; ic...,,-... a•~pta!;le .., the Ma-' -
<br />gee. fn the event any policy is not reneweda nn ur 6efwe Een daps „tails +•zpiraUun, the d-iortgegee may procure insuranre on the
<br />improvements, pay the premium therefor. and such sum shat; le•c:~n~e ~mmechate!y due and payable wish interest at **-he rate set
<br />forts'x in said note until paid and shall he :ecu red by this mortgage_ Failure on the part of the Mortgagor to fternis6 such renewals
<br />as are herein require.-d ur failure Eo pay any sums sdvancec3 lterrunder shad, at the rption nt tF.e R4origagr~>. suns! itute a dr(ault
<br />vmler the ?errrt_c of this mortgage. 1'he de3iverv cf such policies s}tall, m the Brent of defauit.:-~ nstitute ar accignmeni of the un-
<br />earned premium.
<br />Anv sans received by the Mortgagee try reason of lass or damage Snsu red agains{ may f>p retained by the R.L,rtgagee
<br />and applied toward the payment of the debt hereby srrured_ uc at the option of the Aortgagee, such sums either wholly cr in
<br />part may be paid over to the Rfortga,,;or to be ureei to rc>pair such buildings or to hnild'new buildings in their place or Eor any
<br />other purpose or object satisfactory tc the Mortgagee without affecting the Tier. on tee mortgage Crr the full am+:u n± secured here-
<br />- by hrfore such payment ever took place.
<br />To promptly repair. restore u: rebuild any buildings or imprcwement~ now ar hereafter on the gees>mis~s which may be-
<br />rnme damaged ar destroyed: to keep said premises in good rondi lion and repair and free from any mechan+c s lien or other lien or
<br />claim ref lien not expressky subordinated to '.he tier, hereof: not io suffer ur permit any unlawful use of ar any- nuisanm to exist on
<br />said property nor to permit waste on said premises. ncr t« da ana• other act whereby the pealoerty hereby conveyed shall become
<br />lees valuable. nor to diminish or impair its value by any art or nmis_eion to act. to rompk •A ith all requi cements nC law with respect
<br />to itse mortgaged promises and the use thereof.
<br />That should the Premises or any Bart ttxereof be taken or damaged by ryes,>n of xn_: }?t!,i:~ ~mprovemeat er aundemna[+on
<br />proceeding, or under the right of eminent dasrtain, or in any r.-'her manner. the 'titortgagee shall tx- enoiiled to all mmpensatinns,
<br />awards. artd any a#het payment or relief therefor, and shelf be entitled, at St_c option. to commence, appear in amt prosecute -in its
<br />ovm name any action ur procrtwing, or to make any compromise or settlement in ctnnection with such taking or damage- alt such
<br />t+arrtl+e3taara-+n, s+at4ts, damages, right of action and proceeds are hereby assigned to the Mortgagee. who may, after deducting
<br />fruat sit its, expertaes, release any moneys sc recei4rd by it cr apply the sart~ un any- irdehtedttess secured i>prehy. The Mort-
<br />gagor agrees to ~etvite such fvrthez assignmeafs of aay comperesauvn, awarris, damages- and rights of action and prasca•eaLc ss the
<br />Aortgagee 'nay tcqutre-
<br />Thai in case oil failure to perform any of tix• rnvenants herr+^.- ihr tic.rtgaga>:- may cl_, :m the 'llorigagu:'s tr~half r~~ery~thing
<br />sa anvrnantfid; that the Mortgagee ma}• also do any art it rosy deem nem-ssary to prcueM the fir-n thetxf~. that the 'vl ortgapa.r will
<br />r<'FaY upon deraattd any moneys paid or duttu rsed by the Afortgagrr for any o{ the atwve purposes. and such mrmeys together wilts
<br />interest t3teecnn at Mire rate prm-tiled in said :tote shat} betamr sa much artdilional indeht~3nes, hereby secured and mac br in-
<br />eiuded i.a any decree foreclosing this mortgage arsd be paid out of the rent+ or proceeds of sale cf said premises tf not cthen.~tse
<br />paid; that it shat! not be oNigatory upon the Mortgagee W +rtqutre tntu the validity of any iten, encumbrances. ur rlatm . ; ad~
<br />rang tttatrrt~ as tt8ove authariad. blot rthi~ l~seir. ruataitaed i;ftafl `~ earstraed as requiriag the Merigagex to a;ivar'_r am
<br />raoueys fair any.at~h purpose nor to do any art herruru#r, at:d that Mortgagee shalt 'tat incur any personal liability because o£ any-
<br />thireg ii may do. or Droll io do hereunder.
<br />In the event of the default by Aiur [gagor in the gagmen' of any insiailment, as required by the Note secure-d hemby. cr
<br />is the perfarznarxe of kite obligaiior. in tlti rnnrtgage er ig the note sectored thereby. the Mortgagee ;hall be entitled to de••clarr the
<br />_ debt set>~ hereby duo and payable wiltravt notice, and the Mortgagee shall be entitled at its option, without notice, either by itself
<br />or bR a rr to'be-appuuttad try lice cutlet Ltsera-at,- artd xvithout regard to the adequacy of any sc-curtly for the indebfzdnea< ~-
<br />ettr+ed , _to `enter upon and taite possession oT the mortgaged Premises. and to settee' and receive the rents. issues and profits
<br />t)iEred; end-applg thraatrre.3ess casts of operstirm and mlfeMian. upon the indebtedness serored by this mortgage; said rents,
<br />i and pea4te trirty hereby a~ign+rf to t?w' Mort~aare as further security far the payment of all indebtrrlnrss secured hereby
<br />The llfortgagee aFtalf have the porter ?o appoint arty agent ar agents it may desire tnr the purpose of repairing said prem-
<br />uea: renting the name; cdle~ttiog the rents, revenues and income, and it 'nay pay out of said income alt expenses incurred in rent-
<br />i~ std tnattaf%ng [he carne sad -d crdiecting the rentals therefrom. -The- balance remaining. it any. shall ha> aPPlied toward the
<br />d»t:itatYe ad the jndebtEdnears, This aasignmcnt is to termitute and beau me Halt and void upon release of this mortgage.
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