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THE MORTGAGOR FURTHER COVENANTS AND AGREES:
<br />That the Mort a or wilt •t.r ~" -- ~- ' '"
<br />g g pay the indebtedness as hereinheR,re provided.
<br />That the Mortgagor is the droner of said property in fee simple and has good right and lawful authority to sr+ll and
<br />convey the same and that the same is free and clear oC any lien or ercumhranre; and that Mortgagor wit! warrant and defend the
<br />title to said premises against the claims of all persons whomsoever.
<br />To pay immediately when due and payable all general taxes, special taxes, special assessments, wafer c}rarges, ;ewer mrv-
<br />ice charges, and other taxes and charges againd said property, and al! taxes levier! on the debt sera red hereby. and to furnish Ore
<br />M Mortgagee, upon request, with the original or dup(icatc trmipts Ur•refor. The Mort gager afirees that there shag be added to
<br />~ each monthly paymenC required hereunder or under the evidence r,f debt sc-cured Hereby en amount extimaferf by the ~•tortgagee
<br />to he sa8icient to enable the Mortgagee to pav, as !hey become due. all taxes, assessments, and similar charges uixtn the prem-
<br />ises soh}ect khereto: any dr-8ci.+n,-.; be^u;;:~ ~: - ,,,.., i < t .ucir aciditionnY paymenLS cheil be forthwith depasited by the
<br />Mortgagor with the Mortgagee upon deman i h~~ the \l urtge€er-s.4 ny default under this paragraph shaft be dermert a default in
<br />~ paymead of taxes, assessments, or similar charges n•q aired hereunder.
<br />The Mortgagor agrees that the=re sh:dl also ho added tv each rn<•nthly payment of principal and interest required here-
<br />under an amount estimated by the ?tf<~rtgager t.~ be sutfiriont t,~ rr.aF.lr rho A-1ortgagcr to pay, as it Ficc.+mrs due, the insurance
<br />premium orz any insurance twtie. cfciivored trr tier Afortgagcr- any defici,arc~ because of the insufficiency of such arlditinnal Pay-
<br />ment shall he forthwith dept+si h•d by the M~-art€afi•u with th:• :L+rtgagee upu r. demanri by the 17ortgager Any default under the
<br />}taragraph shall ix dr•t•med a de&iuli rn the payment of in nearer premiums. if rho fa+!iey ur pc,tieies dept ,fled are such as ht,me~
<br />owner ur aI! risk 'tx,l irir~, , nd thr• drpocin a imutLcient t. -- the ~~nr~r+~ {urmium, the 2dorrgagre may apply the deposit fn
<br />pav premiums on nsks req to red *,o Yee insu nsi be this mu:tgage++~
<br />Pa7ments made f:y Ihr ~f~.r!cazor unrb~r the above paragraphs may, nt the option of the Mortgagee. Fx+ held h~ n and
<br />rnmnaingled with other arch funds •;r it. oHn fund. for th.• pay moot of such item::, and until u+ applied. snob payments ar.• h,•rr•M
<br />p;edged as secure h• for the w~~Pard balance of the mortgage indrMedness-
<br />Tu prcxurc, etep.er t, . , rd maintain for t, r h,•sefit ,.f the Mor ~agrr duri:x~ the hie of t.u. a.. rtcaRr ,. ma! { ~., i , .end
<br />renewals lhertvf, doh. ~ -tat ha_ ten r!a.y tw•&+rrrih- zr.i retie n r.f am~ ,urh ;+oi~ri ~~. {n<unn„ a:,ai s . d ,+t h,~r nsurairle
<br />hazards, casualties, and cronlingencies ac the Mortgagee ma}- require. in an ameuni equal to ih..+ indebtedrec. secured by thi
<br />\l..~frzo.. ~.,~i in o.,ni.~,.,..; g,~....,,..~t:[-..•, rl;., 1i., r- -• ..... .... _ ~F.I, e!a i:-. i~,. ..r ....1 _ --
<br />.--_. -s_r .- ....: _ ~ _ _ _ _~r _ __ _
<br />gm. In the re ent am , r.tr. n n~,, n new+d n,. r hr L r_ k,_ dac-. cf „_, e<piratu ~n tt ~ ~t .rt ga~u nsr Pr ..un~ ,r s.uanrr ,.n ~thr
<br />imprm•rments, pay th. Premium thrrefar. and such sum chap 1>t'e-+mv intimediately due and pacahle r.-rth rnt.~rra at th+- rear cei
<br />forth in said note un U! I+atd and shall lr• .ecu red }x' this m,rtt€age Farh,rr on the part of the Mortgagor v• furnish ntrh ren<_•w-a!s
<br />as are herein r.•gwrrd ur fadum in pay an. sums advarr+•d firrrund«+: shall, at the npnnxr n( the Mortgagee. c~=nsUtute a detault
<br />under the terns of tMs mortgage The deli+e•r-; at each {,o!irir~ shall, :n the overt nI rlefau!t. remttritte an assignment of the un~
<br />earned premium.
<br />Any sums rr.°e~r.~<i F.v ihr \S~:riger; r+= ht r,-a.,;+n ni L ~ .v damage nsu r€-d aF,ainst may be rrta mod by thr• alurtgagee
<br />and applied toward the }~,ai n:ent +rf the debt h.+re-bF~ ., cured, , r. at the option of the Aiartzager-_ such sums either wholly yr in
<br />part may M paid rn-er t<: the M„rtg:tgnr t.. hr creed r• rrpa:r =•u ch huildnxgs or t,. buifd~new buildings in their place or far any
<br />at her purpose or object : ausfacturc io th< \t,-rtfiacr.• +. itY.~ to aRrrun;; th.- lien „n *_he martR»ge for [he full am~~u nt stcu red here
<br />by beta re such pay-moot r~wr uKik place
<br />To pnrmplly repair, re>icrr .,r r<•hud<i a - .,u ,i:iin~a r unl:rn:emrn , n . •.r hereafter on the {!rem rses which may be-
<br />come damaged or dent ro}'ed tr+ keen ~u~•d „ ._:-_ .. _.-... ,, ..~„~..,, .~.~,. rrt..,;r amsfrt-e from env mechanic? hen or other lien or
<br />claim of lien not expressly suh,rdinatrd u+ ter?ere hvrN+S~ n,._ ,~, cuff..r ..r pr emit any unlawful use of or an_. nuisance to exist on
<br />said pn.perty roe lc, permit waste on card Pr.-m:..e-~ n..r r{o arc uthr•r art v,hrrrhy tY;e property he rt•b} c.m~eyed shall hemme
<br />tens valuable. oar [o dtmmish or unparr its cafur by .t •;. art .,. ,...n.i,+n E,= aet G= ,:mph with all rrquirrment_s ut law w-:lh resfwct
<br />to the mortgaged pzemrses aad the ust• thermf
<br />That :,quid .hr per..... >'u _ Part tt~a r.„t }. .-~>. ., -..,. ,.... .... ... .,..- ,mpn•.+ ..+...., „>nd.-...natir,r.
<br />proceeding. ur under the right of emir-rot domain. a ~ a :+t h€•r manrxr tt+e Mr~neai;e.^sha'.I M+ ~~.~+alyd r[o al! rr+:,mpensatian-¢,
<br />awards, and any other payment ar collet ihrrefur- an=i shelf by en Citled. of its opttnn. to onntmerx°e apt-ar in and proscrnte in its
<br />own name ant• action or proceeding, .,r hr m»kr an~~ c,+m 1>n :m:-r ~.r s.•ttlemr~r~; .n .~snrchan wah >uch taking ur damage All such
<br />eampeasation, awards, damages. right of action and pnxt•eds err heret±} assigaed to the 4lartgagee, who may. after deducting
<br />tberefrotrt aif ita expenses, release any maneys sr. rc.:i:~-i-i h. tt ar apply the snore u.x any indebtedness secured 'nerehy. 1'he '.l~]ort-
<br />gagor agrees to aecufe such further av-.ignments nt any cnmtxnsatron awards. damages, and r;ght.c ~+f acti+,n and pear-rr-ds a: the ,,,,
<br />Niorigagee may require- -
<br />That in case of failure to Periurm any •1 the ern rnara, F,r rr r.. ;br Mortgagee ma} du nn the Mortgagor's is=hall ever?thing ~-
<br />im covenanted; that the Mwtgagre may° also do any act it may -ir.-rn ::«-e.~n to protect the- lien thereat: that €ha Mortgagor will "'
<br />repay upon demand any moneys paid or disk,u rsed h}' !!±e M,*rtga€er fur any of the atuwe purtwcws. and such moneys toget}ier with "-'
<br />interest thereon at the rate provided in said rare shall tx-r~+mr ao much addrtional rndehtrdness herett .reared »nd may he in- ..
<br />eluded in any decree foreclosing this mnrtga€e and M• peed s•ut =A' th.• n•ni• or prnc+»~ds of sale of said premises d nni otherwise '
<br />paid; that it shall not be obligatory upon the Mortgagee to mquir:• fat;: the catidrt} et any lien. encumbrances, or claim in ad-
<br />vancing moneys as above auttwnaed, but nothing hereto tt,ntamrd shall !>'• construed as requiring the Mortgagee to advance any
<br />at¢oeys for any sue3t purpose rtor to do any act hereunder, and that Mortgagee shall not incur any pers,mat liahilif}• because at any-
<br />thfag it may do or omit to do hereunder.
<br />In the event of Cho detault by Mortgagor in the }taymenx erf any installment, as required by the Note secured hereby-. or
<br />in the perfatmana> of the obliga[ton in this mortgage or in the note secured thereby, the '.Mortgagee chap be entitled W dreiare the
<br />debt secured hereby due and payable w~ithaut nalice. and the 1}or:gagee shall fro entitled at its option, without naticr, either hp itself
<br />or by a receiver to Ice appointed by the court the roof. and without regard to the adequacy- of any seen rite for the indebtedness se-
<br />cured hereby, to enter upon and take possession of the mortgaeed ~ remises, and to called and receive the rents. issues and profits
<br />thereof, and apply fate same, Jess casts of aperatiar. and rnllerfia n. up~~rE the indebtedness secured by this mortgage; said rents,
<br />iasues anti profits bring hereby sasigned fo the Aiorigagee a: lurther seeurity for the payment of all indebtedness secured hereby.
<br />The Mortgagee shall have the power to appoint any agent or agents it may desire far the purpose of repairing said prem-
<br />ises; renting the same; rnllectittg the rents, revenues and income, and ii may pay r,ut of said inrnme alt expenses inntrrtd in rent-
<br />frtg and managing the same and df collecting the rentals therefrom. The balance remaining, if any, shall be epplied toward the
<br />discharge of the mortgage indebtedness. This assignment is to terminate and become null and veld upon release of this mortgage.
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