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THE MORTGAGOR FURTHER COVENANTS AND AGREES:,.
<br />` "fit " ' - -.= i~
<br />That the Mortgagor will pay the indebtedness as hereinbefnre provided.
<br />That the Mortgagor is the owner of said property in fr+• simple and has gorx3 right and lawful authority to sell and
<br />convey the same aqd that the same is free and clear of any Ilru or encumbrance; and that Mortgagor will warrant. and defend the
<br />title to said premises against the claims of alt persons whomsoever.
<br />To pay immediately when due and payable all general fazes, special taxes, special assessment:, water charges, sewer serv~
<br />ice charges, and other taxes and charges agairrvt cat,! pen pe rty, and all faxes Iovir~d on the debt secured hereby, and to furnish the
<br />Mortgagee, upon i'eaaest, with the original at duplieatr remipts Uu-refor. The lfortgago: agrees that there shall tx• adder! to
<br />each monthly payment required hrreu nder nr under the .~vi+irnc.~ of debt ccrured herrbc an arnnunt. estimated by the Mortgagee
<br />to he sufficient to enable the Mortgagee to pay, as they becnrn+• due, all taxes, assessment., and similar charges ufx;n the prem~
<br />ises subjeet tht=earn; any daticienc=: hrrauzn er the in .ihr-i.=nr n. .uch arldit tonal pa tnents shall br Corfhwith deposited by tltr
<br />Mortgagor with the Mortgagee rrpan demand tr. the M..r+~sgor Anc ,!,dauii :, ncirr ;Lis paragraph s?;a!1 he dr+-mad a rk>fault u!
<br />payment n( taxes, ascecsmentc, nr similar cha ekes rryru rod hereunder.
<br />"Che Rlurtgagor agrees that there shall n1s.r h.• a.idcd i.r each n,mth!y Daymert ..f principal and interest requi: ed here-
<br />'a~ under an amount estimated he the ~L rsigager t,+ ho sgltirient to e::ah(e thc• Marthagre to pa_=, as it becomes rhtr. the insurance
<br />`.~ premium •m any insurance 1>idie> act n°<>nYl b, thr~ h4„rtgag:.• .1np d.-~fic:rn:y twcausr of the insufficiency of >uch additional pay-
<br />~ents shalt hr forthwith deprrsiMd by thr> Mortgag:u with the !Mortgagee ulxn demand he the Mortgagee Any default under this
<br />paragraph .}raft }><~ d n - 3 a deLe~di m th t ment of m~u ranee premmm. I[ the 1 nr pobru-c .ic~l~ _ t 1 an> such u5 M,m+~
<br />~ cwner..,r aP, risk {x !' . ;r; the- dc; „t ~ - rnafttc, r,t cr -- th,~ , l•r- ,. _ ere AS ,rtgnR t Plc the d.q:<~-rt
<br />~ pay premmm_a+n rskc n•c;mrrd t> is mmn>d he ;hw mortgage_
<br />Pacmeni_c made ;> ~ Ihr \:~~risaprr uncirr tF:r• above pazagnai>hs may, at the ~,tn inn of the Mortgagee i~r hold 6. ,l an:!
<br />cumminglert Kith other s.eh funds • . ~ .w , funds for Ihr paymrut nF such ilains, anti unfit sn applier?, such payments are ivv>~h}
<br />plrwlgnt a= ~cu,-rt}• (oc th«~ u , a,d ba!anc.= of the mortgage rndebtednec _
<br />Tc, pau-ure. drL.er n sad maintain [ur d,+- h,moflt ref the 'vfurtg;egx du ri rt; the Iiic• of fief:. mortgage prig: na; pnirrie~ anc!
<br />re ,ew-ak t;nerevf, delivered at lvact ten da}.c hrf.~re th+• ex prratien •.,f am such lnr7 i..e<. insuring aga:nat firr~ and other :ncu rah{e
<br />hazan4s, casualties, and contingrn<•irs as the Mortgage+' may r+•Guire, ir, an a'•^,<,unt t+;ua! to the indebtedness ~r~urcd by this
<br />_ ,_ ,rgr.. ..
<br />Mortgage- and in rompant,° a,. .=ta F.Ie ,•.:h.~ \1s,rig , ,t!, 1~.~: i•,3a ahl,• ciau.e ;n fa-.,-r=.F an:t i...••rm H<cwirtahtc .. 41rr~ ~inrtga
<br />gre_ in the event an}~ +mlicy r. : _~ .,-. we,l ,__, , r h, 6•rv !. ,!.,. „f „- ,ale , _c.. th,- \t,r;-:.,.-:• may pr , n ,nrur n. ~..=n the
<br />~ .., -,.. ..rr, , r,... ++
<br />ur.-pmcement, pay the premium theref. ~r. enr' .;rh =,.... ..,i! !+.r •..~ .r -~. :,•hai.~l~- ~ .u,• and cvahl+- >uth tote ~rrst at the- rah _
<br />forth in said nose anti! paid and sk:al! t.~ ..=, ,. r. ,. tfr:c •,~-, _ - ca:iu r. :~ .....- rrt ,.f h e St:rrgag„r tc f:;rnuh .uch r.-nrwal-
<br />as are herein required nr (ailurr i,. pav a;: ~. *u rt-~ ,~',:e ~: r~~! ~_ ,...., , c!:.:; e. ..,: , . ,~; the 1t.,rtgaya•r. c.,nsututr a :h-fault
<br />under the terms of thi. m.•rtgaco Thr- J:4 r r~. .,f •,... .« ~ r ~. -;n .. . n: .t tau't.. ~murtutr an avsrgnmc n€ of th,~ un-
<br />earned premium.
<br />.4nv sums rerrrre;i ? -.,.~ Ai, L• • a.~,.. ,~ .: s ,. ,a ;n-u n~.? ag-i,nst may- br retained by the 17 rrrtgager
<br />and appli 3 toward the par mer,:~ 'h.r• i~hi .., :rhv ., r.., d2 t._ ~a pn ... .f th.~ M•"tgagrv, srch sums either w-holly nr in
<br />tucrt mar h• pard e •r in th<- Al..r<.~au' t t.- u~.~ri .. -.::d .r;.. -, rc,c. n. ,: buildings in their plaee nr for anc
<br />rc ~ '
<br />ether purpose or object _w nsla t =n- a~ th ~ Mc,rt.a. _ .-r a!'f•-rhos ._ r. ,.n ~hr nr••rtgagr (ire the full amount =eru red here
<br />try before sur-h payment ever took ptar
<br />Ta. pr mptly mpair rrstr•rF ..r rchu:irl aav ha:i~t:nr~ ~ r ,n-~pr°-~~<^.+-nts r,- .r h:~rr~it.~r on the {;remises which map be-
<br />come :iamagrd nr dectnr; rd. to kray> >aid ..> : n~d ..~n,l: Ur~r. amt rrparr and !rr.~ fnm± any mechanic's hen or other hen or
<br />rlarm of ;:r-n not exprr.~ le suF.:,ni,ra L•d to thontr~ n hr n~•,f_ ~,a h. wR.~r •.r ;.o rtnn er:~ urluw tut use of ar any nuisance to exist on
<br />sand propedc nr r b: }~rmrt xastr :xr xard premiss nor • ds env ,rt t;r:- a.-t .. hereh> iF.r property hereby :conveyed shad become
<br />less valuahie. nor to dimir,rah or tent>arr us raiue F: are ;eft ~:~r •.r-ua.n,n t„ aft In ;•+na!~l ~--. with a!i r.•quirrments r,t law with regoect
<br />to the murit;a gad premises and the use thrnmf
<br />That should the Prenztx•a ur ary part thereof }x~ tsp. ?...r damaged h era-: ~r. „t and pabb; !mprocemrm or cundrmraunn
<br />proc~redmg. or under the ngi,t of eminent domain. or m any other manner. the 11,.;rtgagi-e chap h<~ rntitlect to al! cumpen sannns,
<br />awards, and any other payment ue rr-lief therefor. and shalt t+e entith~ri, at it option. to commence appear in and prose.~cute in ifs
<br />oven rtamr one action u: prover-ding. c,r io make any compromise nr sri Bement in a,rnecfirr. with such LakinR or damage. All ouch
<br />corripensati+on, awards, damages. right rf action and prna~eris are harsh}- assigns-ri to the Mortgagee. who may. after deducting
<br />thestidram eL ifs -xpenses, re3eaar any moneys so reeeived by is nr apply the same on any indebtedness soured hereby. The ~lort-
<br />gagor egrets to execute such fuHher assignment: of any rnmpen.aLun. awards, damages, and right; of act ivn an+1 prcxeeds as the
<br />Mortgagee may require.
<br />That m easy of faHurr h+ perform any r.f the cvv enana hr rein th.~ Ai rrigagee may du ern the Mortgagor's trhalf rvervthing
<br />so awetumted; that the Mortgagee may atso do any act it may deem nc•a-r~sa n~ to protect the lien thereof. that the Mortgagor wilt
<br />repay upon demand any moneys paid nz disbursed by the ;Llortgagre for any of the above pu rposrs, and .uch moneys tngrtlier with
<br />interest thereon at the rate prcn•ided in surd nnte shalt M~c:,mr o much additional indebtedness hereby carured and may br in-
<br />cluded in any dtrree &,rec3osmg this mortga€r and t.r- pard rut tai tk,r rent ire pr<rrrrd_. of .ale of card premrses iC not otherwise
<br />paid: that it shat! not he obiigatary upon the Mortgagee to mqurrr into the vatrd:h of any tiro. encumbrances. or c{aim in ad-
<br />vaating moneys as above authozirxd, but nothing herein contained shall be construed as requiring the htortgager to advance any
<br />moneys for any such purpose nor :a du any act hereunde c, and that ASortgagee shall nut incur any perwnai habihty because of any-
<br />thing it may tto or omit to da hereunder.
<br />In the event of the default by ?viu: tgngnr ir, the payment of any instalimeni, as required 6y the Note secured hereby, or
<br />in the performance of the obhgaiion in this mortgage or in the note secu earl !hereby. the Mortgagee shall be entitled to declare the
<br />det>a secured tterebS• due and payable arithout notice, and the .Mortgagee s}raft br entitlec! at tLS option. w-ithout notice, either by itself
<br />or by a receiver to be appointed by the court thermf, and w-ithnut regard to the adequacy of am• security far the indebtedness se~
<br />cured hereby, to enter upon a~ take poc§essinn-of the mortgaged premises, and !n collect and receive the rents, issues and profits
<br />thereof, attd apply the same, ten costs of operation and roilectira n. upon the indebiretness secured by this mortgage; said rents,
<br />issues urd profits being hereby assigned to the Mortgagee as further security for the pay`menl of all indebtedness .sc-cured hereby.
<br />Thr tvlortgagee shall have the power !o appoint any agent nr agents it may decree for the pu rpUSe of reparring said prrm~
<br />ices; renttag the carne; collecting the rents. revenues and income. and it may pay out of said income all expenses incurred in rent-
<br />ing artd managing k)te same and c+f tblleMing the rentals therefrom. The balance remaining, if any, shall be applied toward the
<br />diecherge o! the mortgage indebtedness. This assignment is to terminate and become null and void upon release of this mortgage.
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