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79- ~;! i `~ 346 THE MORTGAGOR FURTHER COVENANTS A°ND •A(;REES: That the Mortgagor wilt pay the indebtedness as hereinbe(ore provided. That the Mortgagor is the dwner of said property in ter simple and figs good right and lawful authority to Sell and convey the same end that the same is free and clear of any lien or encumbrance; and that Mortgagor will warrant and defend the title to said premises against the claims of all persons whomsoever. To pay immediately when due and payable alt ~rnerat taxes, special taxes, special assessmen Ls, water charges, sewer .rrv- lee c{xarges, and other taxes and charges against said property, and all taxes levieri no the debt secured hc•roby. and to furnish the D{ortgagee, upon requst, with -the original ar duplicate receipts therefor. The !+fartgagor agues that. there -shalt he added to each monthly payment required hereunder or under the ewideuce u[ debt secured hrn•by an .,:n<ru nt estimated by ±he Morfgager to hr sudicient to enable the Mortgagee h+ pay, as th-•y became due,all taxes, assessments, and einrilar charges upon the prem~ ises suhjert thereto; any deficiency lx cause of the insufficiency of such additional payments shall hr (nrthwith deprn;itrd by the Mortgagor with the Afortgagee uPo^ demand by the ~f orlgagee_ Ant di•fault unrh•r this pa rnp rtph :hall be riremrd a default in payment of taxes, assessments, or similar charges xrquired F.r•munder- The Mortgagor agrees that there shall also be added to each monthly payment of principal and interesf required hera- vnder an amount estimated by the Mortgagee to be sufficient to rnab!e the Mortgagee to pav, as it bc•comrv due- the tnsu caner, premium on any insu rand lxrliey delivered to the .Lf urtgagee Any deficiency because .:f the insu~ric~nry of such additional pay- ments sha- tv~ forthwith deposited by the Mortgagor with the Mortgagee upon deiraad t+y the '+fortgakr~~_ any rlefauit under this paragraph shall F>e deemed a defaul9 in the payment of insurance premiums If the policy rrc palls irs denu;ited are such as trome- owners or all risk ~ rlicies, and the defxrsi is are insufficient to pay the enhr•~ leer-miwm, thr~ +1<~rtgaeee may apply [he ila,rn,-it to psv premiums on risks required in k>e insured by this mortgage. Fa. menu made by the Mortgagor under the above paragraphs may, at the optirm of the Marigaeee, he held by it and camn:ingli.I with ether such funds ar its awp fund. fcrr th<- payment of such items. and until sn a;~pli-rd. such payment. are herehc plydgrci as security fur the unpaid balance crf the rncrtgag!• ind:•btedne>:. To prainre, deliver to, anri rna;ntain far ihr• hrnrGt of the ~d,:rtgagee during the lib= of tbts ^urrgtaFe r,riginsl pokcie;. and renewals thereof, d: liven<? at least ;rn davs '~f:,re the rxp: ratir~r. <•f env such ;-~d~r~ies_ insu ri r.:; against fi re~ :rid other utsu raE,le ire za rds, casualties, and contingencies as the Mortgsgee• may rc ryuire, in an amount equal to the indebtednessv secured l,v this Moetgage. and rn wmpanics arrptahle to the \4 nrftagre. -.vvh ls= payable clause in fa+ur of and in f<.nn acceptable to the Murtga- gee- Ir, the event ary potiry° is nu; rerewrd u_: _r fr==fe.re ter, day-v u( its expiration- the ~-turtgager• may ;~rrrcuro tnsur:+nce ~~n the improrrments, pap the flee=mium th<•rrf!:r. and <urh *um shall become immediately due and payable with int.-: rat at the rate• set forth in said note urtd paid and shalt t>t= _~-!v real by this con; Egage- Fails re or, the part of the A1ortgaeer to (cr„C;h such remewals as ar=_~ herein requi-rrc ur {odor- h: pay any sum? adva nce;i ne,-euncier shall, at the o}?floe, of the i4ortgagee. .:instil utr a rlefauit urrdcr the terms of this mnrtzage. The rrh•: cry of sue~h pnLei:-s shall, in the <•c,mt of r,.-fault r~~ratitutr an aacrgnmrnt rf the um earned premium. Any sums, rrrei:rd by fFre A2 engager }•.4 reason of ins nr riamage insured -against ens}- he retained by the \turtgagee and applied toward the y;aym<=nt of t7+e aebt hereby =ec.. re,-. - r. at the option of the ~Rorigager. such sums <•ahrr uhnl!+- or in part may br paid acre 20 th+r \Surtgagnr to fx used tc r, .r web buildings or to hv+ld new build; nos in thr.r ptacc~ nr fcrr any other purpose or object satssfactory to the \lnrtgagre ~+itl~~at affextmg the lien ~+n Ehr mortgage for !hr in',I ar:;:•,: at ae~cu re.! here- by F>efure such payment ever too}: place To promptly repair. restore or rebuilri any buildings or imprcnemrnts now .,r ten•af ter e:± th,~ prrnti.rs which coos be- came damaged ar de.>tmyed, to keep :aid premi>es in gax3 candi lion and repair and frr~r from ary mrchamc'= h.•n ur other lien or claim oI 1:en not expressly sutwrd looted to the lien her.:-of. not to wffrr or p.-•rmit any vr,isw(ui ur .>f nr and: nuisatrce to exist on said property nor to permit uas:e <m said premises. nor t;. d~ any- other act whereby *he prot>Prty hereby ce~nveyrd shall }x.rome less valunisie. nor to dimini.:h ter impair its value by env act ~,r omi+.ion to act- t~, cr?mn!•. with alt rE•q uirrments *rf ia•,+~ with respect to the mortgaged premises and the usr• thereof That sruuld the premr,+-~ ~.rr any part [hr rr<rf tr ake:::rr damaged by~ reason of an~~ puhi:+~ :.:f~ttn'ement r*r cundrmnat n+n proceeding, ar under the right of eminent drxnain..m to any other manner, the \4ortgager shall hr :•ntitied to all compensations, se:ar•'.s, d,d ary other -x~v...ent :;r relief t~v ••.t,.r. a:v3 shall be ea tirttd, ar ;LS apt;,,n, •c, r••••;,nenr•. appear en and pr_r~~1!e in ifs acvrt Warne any action =•r f.r+ct•erfinfi .a make any compromise ar settlement in r:~rnnt•ctuut u~tth -.uch taking or damage..#tt such eompettsation, awards, riamaKrs. right «f action anti proreeci?. are hereby assigned ra the 'rf artgagee, who may, after deducting ilterettdn all its expenses, release any moneys r ra-calved by it ur apply the same un any indebtedness secured hereby. The ivl ort• gagor agrees to eiecttte such further assignmrnte of any rs,mpensahun. awards, damages, and nghis of art urn and proceeds as the Mortgagee may require. That m case of failure in lrerfarm any ;,f ihr .inrnant~ t:rre:n ihr Mortgagee may da on ihr Slortgagar's behalf everything so eovettanted: that the Afurtgagee may also do ana~ act :: may deem nrrrs_ary ter prcrtect thf- hen ther.•af~ that the 'vl ortgago; will repay upon demand any moneys paid cr disbursed by the Mertgagre far any :rf the above puep:nes- and Gurh moneys tagettier with '- inter®t tftereen ai the rate provided in said atofe shall }>f•rome so much addrtiora! rndrhic•rlnr..s hereb> +.•curr-ri and may tw Sn- - duded i.n any decme forecla'rsing this mortgage and ix. paid ..ut nt ihr :rn~+ rr: turx'rrds r>f sale of said premises if not otherwise paid: !gaol it shall not be abiigatnn- upon the Mortgagee t<, :nqui;r inter the +alidity r,f any Tien, encumhranrrs err claim in ad- _- vaneing moseys as above authorizer'.. iwt nothing herein crntatned shall br construed. as requiring ihr lLfortKagrr to ad+-once any nxmeys for any such purpose nor tiu do any art hereu»der:: #nd that Mortgagee shall nol incv: any pr rsunal liability tw^causr;>f any- - tlting it may do or atoll to do hezeunder. in the event of the default by Mortgagor in ihr payment of any instafiment, as r+.-qui reel by ihK tiute secured h<•rrhy. or in the petfomtartm of the obtigatian in this mortgage or in the note secured thereby, the \4ortgagee shad he roll tierF to dre Tarr the debt tieixiied hereby dice and. payable without native, and the kfortgagee shall be entitled at iLs option. without notice.. either by itsrl! or by a receiver to be appointed by the court !hereof, and without regard to the adequacy of any secvri*.y~ far ihr indahtettness sr- cared hereby. to eater upon and take f>r~ion ~f thr• mortgaged prc-rnisr3. and to eatlrri and rest=ivr the r.-his. i;sum and prof=i; Thereof, sod apply the same, Iesa casts rd operation and collection. upon the indebtedness secured try this mortgage: s#id rents, ia~tes artd pinata being I-xreby as+ty goad to the Mortgagee as further security for the payment of ail indebtedness secured hereby. The Mortgagee shalt have the power to appoint any agent or agents it may desire for the purpose n[ repairing said prrm~ loan: rentatsg the aavte:. c'd1leCting the rents, revenues and income, and it may pay nut of ;aid ina+me all expenses inrurrcd in rent -ie6 aatl~tesnaging the same and ~ collecting fire rentals therefrom. The 6atance remaining, if any, shat! he applied toward the disi`batse ~ the mortgage indebtedness. -This asnigntnent in to terminate and become null and void upon release of this mortgage.