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THE MORTGAGOR FURTHER COVENANTS AND AGREES:
<br />That the Mortgagor will pay the indebtedness as herein Err~finejyn~videdr=.I'~.-~ -
<br />That #,tte.-Mortgagor is the owner: of said property in fee simple and has good right; and lawful authority `tn sell and
<br />rnnvey the same and-fhat the same is fYee and clear of any lien or encumbrance; and that Aortgagor will warrant and defend the
<br />title to said premises against fire claims of all persons whnmsorvet-.
<br />To pay itrtmediate~i.,when due-and payable ail -general taxes, special lazes. special assessments, water charges, sewer serv-
<br />ice charges;~andother taxes~and.ctkargesagainst said property; and ail taxes levied on the debt secured hereby, and to furnish the
<br />Mortgagee,uptut"~regneat; with t}ie -original or duplicate receipts therefor. The Mortgagor agrees that there shall be added to
<br />each monthly payment required hereunder or under the evidence of debt secured hr-reby an amount estimated by the Mortgagee
<br />to be su[ttetent to enable the Mortgagee to pay, as they become due, all fazes, assessmefts, and similar charges upon the prem-
<br />ises subject: thereto;.-any deficiency because.of the insufficiency of such additional payment shall be forthwith deposited by the
<br />Mortgagar .wttA the=Maitgagea--iipnn demand by the Mortgagee. Aay defeutt under this pa ragraPh shall he deemed a default in
<br />~rayittrrit-ot razes, asisessnients,- nr similar charges required hereunder.
<br />The Mortgagor agrees that .there shall also be added to each monthly payment u( principal and interest required here-
<br />!r+-i under an amount estimated by the Mortgagee to be suf$cient to enable the Mortgagee in pay, as it becomes due, the insurance
<br />premium on any insurance policy delivered to the Mortgagee. Any de8rrrncy because of the insut&ciency of such additional pay-
<br />ments shaft be forthwith deposited by the Mortgagor with the Mortgagee upon demand by the Mortgagee. Any default under this
<br />~ paragraph shall be deemed a default in the payment of insurance premiums. tf the policy or policies deposited are such as hume-
<br />owiiers of all risk policies, and the deposits are insuAicient to pay the entire premium, the Mortgagee may apply the deposit to
<br />ey pay premiums on-risks required to be insured by this mortgage.
<br />!~ Payments roads by the Mortgagor under the above paragraphs may, at the 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 until so applied, such payments are hereby
<br />pledged as security for the unpaid balance of the mortgage indebtedness.
<br />To procure, deliver to, and maintain for the tmnefit of the Mortgagee during the life of this mortgage nriginat policies and
<br />renewals thereof, deliverer] at least ten days before the expiration of any such policies, insuring against fire and other insurable
<br />hazards, asuaities, and contingencies as the Mortgagee tray require, in an amount cyuai to the frtdebtednesa secured by this
<br />Mortgage, aad in Companies acceptable to the Mortgagee, with Ions payable clause in favor o[ and in form acceptable to the lVtortga-
<br />~- fn ~1te event sn,.~ polir•y is ant renewed rm or Mfore ten days of its expiration. the Mortgagee may procure insurance on the
<br />improvements, pay the premium therefor, and such sum shall hec:~me ittunediately due and payable with interest at the rate set
<br />forth in said note until paid and shall fie secured by this mortgage. Failure on the part of the Mortgagor to furnish such renewals
<br />ffi are herein required or failure to pay any sums advanced hereunder shall. at the option of the Mortgagee, constitute a default
<br />under the terms of this mortgage. The delieen• of such 1mPcies shall, in the event of default, rnnstitute an assignment cf the un-
<br />earned Premium.
<br />Any Burns received by the Mortgagee by reason of loss or damage insured against may be retained by the Mortgagee
<br />Ctrtd applied toward the payment arf tfie debt hereby secured, ar. at the option of the ?Mortgagee, such sums rioter wholly or in
<br />part easy ter paid .>ver to the \lurtgagor to t.r used to :epsv such huiMings nr to build'nrw buildings in [heir place or for any
<br />other purpase or object satisfactory W The Mortgagee without affecting the lien on the mortgage for the toil anwani K~~Zn~:i here
<br />by before such oavtnent ever Luck place.
<br />To promptly repair, restore or rebuild any hmldirgs or Improvement now ur hereafter on the premises which may he-
<br />caae damaged or destroyed: to keep said premises in good Conditicn and repair and free [rom any mechanic's Gen or other lien or
<br />claim of lien rot expressly subordinated to the lien hereof; not to suffer or permit any unlawful use of or any nuisarue to exist on
<br />said Property nor to permit waste on said premises, nor to do any other aM whereby the property hereby conveyed shall become
<br />less valuable, nor to diminish cr impair its value by any acf nr omission to set; to comply with all requirements of law with respect
<br />to the mortgaged Premises and the use thereof.
<br />That shcufd the premises or any part thereof be taken or damaged by rea.~an of any public improvement or wndemnation
<br />proceeding, nr under Lhe right of eminent domain, or in any other manner, the Mortgagee sk:all hr entitled to alt ccempensaGotts.
<br />awards, sal any other payment or relief therefou. aad >.haii be entitled, at ics optam. in n+mmenc~. eptn-ur in art,' prcacaute :n is
<br />awn name any action o: proceeding, or to make any mmpromtse or settlement in rnnnection with such taking or damage. All such
<br />eaapensatioa, awards, damages. right of action and proceed+ are hereby assigrnti to the TMortgagee, who may. after deducting
<br />therefrom all its expenses, release any moneys se received by it ur apply the same on any indebtedness secured hereby The Mort-
<br />gagor agtttts to ezxute such further assignment rxf any rompertsatlon. awards. damages, and rights e# anion acrd prtn~r is as the
<br />Morfdegec may regatta.
<br />s%
<br />That in case Cif failure to perform any of the tovensnt herein, Lhr Mortgagee may do on tfie Mortgagor's behalF everything ._,;.
<br />so covenanted; that the Mortgagee may alsc do any act tt may cirrm rre•t~.,aty to protect the hen the-rrof, thnt ehr Mortgagor will
<br />repay upon demand any' moneys patd or dabu rsed by the Mortgagee f<,r any of the shove pu rfr.ISr.. and .uch moneys together with .
<br />iatetset thereon at the rate provided in said note shall kxrnme su mush addlttortal IndrMtvines, hrreh. secured and may he in- -
<br />Cdrsded is any decree foreclosing this mtxtgage and be paid out o! the mot or proceeds of sale of ;aid premises Et no{ otherwise "
<br />paid; that it skull not be obligatory upon the Mortgagee to inquire into the validity of any tiro. encumbrances. ur claim in ad-
<br />van~ing motserys as above autlwrisrd. but nothing herein contained shall fie construed as rrquirinR ttte 1lottgagrr to advance any ;
<br />motleys fCU any Buell purpose nor fa Cle any aM hereunder; and that Mortgagee shat? not incur any personal ftahility because of any-
<br />tttitt6 it tttaY Cfo Car amit to do hereunder. , .
<br />In the evens of the default by Mor~agor in Lhe payment of any ins.atiment, as required by the Note secured hereby, or
<br />in alas petiotinance of the obiigatian is this mortgage ar in the note seeurui Chereby, Che Mortgagee shall be entitled to declare the
<br />debt mittred hereby due and payable without notice, and the Mortgagee shall be entitled at Et option. without notice, either by itself
<br />cr Fry a t~t+cr~ivrr to fir appointed by the court thereof. and without regard to the adequacy of any security for the indebtedness se-
<br />Catt+ad hereby, to eater upon. artd take possesaian o{ t}ie mortgaged premises, and w collect and receive the rents, Issues and profit
<br />the--:d, .cod. apply the sartse, less coat o[ operation artd collection, upon Lhe indebtedness secured by this mortgage, said rent,
<br />issues and pts~tis being hereby aasigred to ffte 'Mortgagee m further securify for the payment of all indebtedness assured Gereby
<br />'TitP M~ttgati;ee Mall-have-i3ea ps~er i„ aPP_--" anq agent or agrois ii may desire far the purpratr of repaf ring said prem-
<br />ises: renting the same: Cx+ilerting the rents. revenues and income, and it cosy pay out of said income all exptttses iacttrtsaf in rent-
<br />ing and managing rite satr~ and of toilectizrg the rentals iheretrom. The balance remaining, :.` any. shall br applied toward the
<br />discharge Ctf the _7petl[f(t{e Iadeb#edrteae, This asst;r[ment is En ttt7ninete and become null and roi+i ItWn refrax- u( t}us mortgage
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