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<br />THE MORTGAGOR FURTHER <X)VENANTS AND AGREES:
<br />That the Mortgagor will pay the indebtedness as heminhefore provided.
<br />That trite-1b1or#gagor ie the owner-o[ said property in fee simple and has goorf right aatd lawful author icy to se13 xnrl
<br />convey the same and Ehat the same is free and clear of any lien or encumbrance; and that Mortgagor will warrant and defend the
<br />• title to said premises against tim.,_cieims n( all persons whomsoever.
<br />Tn pay irnmediateiy when due and payable alt general taxes, special taxes, special assessment, water charges, sewer serv-
<br />ice charges, and, other taxes and charges against said proper?y, and all taxes levied on the debt secured hereby, and to furnish the
<br />Mortgagee, upon request, with the original or duplicate receipts therefor. The Mortgagor agrees that there shall he added to
<br />each monthly payment required hereunder ar under the evidence of debt : cured hereby an amount estimated by the AAortgagee
<br />to he suffcient to enable the N,ortgagee to pay, as they become due. all taxes, assessments, and similar charges upon the prem-
<br />ise subject thereto; any deficiency because of the insufficiency of such additional payments shall he forthwith deposited by the
<br />Mon„agor with the Mortgagee upon demand by the Mortgagee Any default under this paragraph shall he deemed a default in
<br />-payment of taxes, asxssments, or similar charges required hereunder.
<br />The Mortgagor agrees that there shall alw he added to each monthly payment of principal and interest required here-
<br />under an amcunt estimated by the Mortgagee to be sufficient to enable the Mortgagee to pay, as ii becomes due, the insurance
<br />premium-on any insurance policy delivered to the Mortgagee. Any deficiency because of the insufficiency oI such additional pa}•-
<br />ment shall be forthwith deposited ray the Mortgagor with the Mortgagee upon demand by the bfurtgagee. Any default under this
<br />!"'~ ~oaragraph shall be deemed a default in the payment of insurance premiums. Ii the policy or policies deposited are such as home
<br />!;'~ owners or all risk policies, and the deposit are insufficient to pay the entire premium, the Mortgagee may apply fhe deposit to
<br />pay premiums an risks required to be irzsu red by this mortgage.
<br />..r Payments made by the Mortgagor under the above paragraphs may, at the option of the Mortgagee, br held by it and
<br />~ commingled with other such funds or its own Cunrls for the payment of such items, and until so applied, such payment are hereby
<br />pledged as security for the unpaid balance of the mortgage indebtedness.
<br />To procure, deliver to, and maintain for the benefit of the btortgagee dw ing the life of this mortgage original policies and
<br />renewals thereof, delivered at least ten days before the expiration of any such policies, msur;ng against fire and other insurable
<br />hazards, casualties, and contingencies as the Moztgag-r< may require, in an amount equal to the indebtedness secured by this
<br />Mortgage, and in companies acceptable to the Morlgngee, with toss payable clause in favor of and in form acceptable to the bfortga-
<br />gee. In the event any policy is not renewed on or before ten days of it expiraunn, fhe Mortgagee may procure insurance un the
<br />improvements, pay the premium therefor. and such sum shall became immediately due and payable with interest at the tale set
<br />forth in said note until paid and shall Ue secured by this mortgage- Failure on the part of the Mortgagor to Tarnish such renewals
<br />as are herein required or failure to pay a sums advanced herrwulrr shall, at the option o[ the Mortgagee, constitute a default
<br />under the terms of this mortgage. The delivery of such policies shall, in the event of rlefaul2. constitute an assignment of the un-
<br />earned premium.
<br />Any sums received by the lfortgagee ty reason of foss or damage insured against may tz retained by the Mortgagee
<br />and applied toward the payment of the debt hereby secured. or, at the option of the Mortgagee, such sums either wholly or in
<br />part may be paid over [n the Mortgagor to be used to repair such buildings or to build~rew buildings in [heir place or for any
<br />other purpose or object satisfactory to th=_ D1<stgagee without affecting the lien on [he mortgage for the full amount secured here-
<br />by before such paymen! ever tewk place.
<br />To promptly repair, rotorr or rebuild any huitdings or improvements now ur hereafter on the premises which cosy he-
<br />rnrrte damaged or destroyed; to keep said premises in good condition and repair and free from any mechanic's lien or other lien or
<br />claim of lien not expressly subordinated to the lien hereof; ^nt to suffer or prrmFt any urlawfui use of or any nuisance to exist on
<br />said property nor to permit waste on said premises, nor to do any other act whereby the property hereby Conveyed shall hecrome
<br />less valuable, nor to diminish or impair it valor by any act nr amision to act; to comply with alt requirements of law with respect
<br />to the mortgaged premises and the use thereof.
<br />That ahouid the premises or any part thereof be taken or damaged by res. m of any public imnrocement or candemna[bon
<br />proceeding. or under the right of eminent domain, or in any otter manner, the binrtgagee shall be entitlrr na all rnmpensations,
<br />awards, and any other payment or relief therefor. and :hall Monti+.l.-d. at it ., ~ n t~. c~~:^.men~+- ap;»mr ;:• ana pr•sxt-utr in tr_z
<br />own name any action or proceeding, or to make any compromise or settlemen! in connection with such taking or damage. All such
<br />ettmpettsation. awards, damages. right of action and proceeds are hereby assigned to the Mortgagee, who may, after deducting
<br />tF.erefrom all its expenses, release any moneys so received by it or apply the same on any indebtedness secured hereby The Mort-
<br />gagor agrees to ezentte such further a~ignments of any compensation, awsrrts, damages, and right of action and proceeds as the
<br />Mortgagee coat require.
<br />Tttat in case of failure to perform any of the covenant herein, the Mortgagee may do on the Mortgagor's behalf everything
<br />m cmertanted; that the bfartgagee may also do any act it may deem necessary W protect the lien thereof that the Mortgagor will
<br />repay upon demand any moneys paid or disbursed by the Mortgagee for any of the above purposes, and such moneys together with
<br />interest ihereorz at the rate provided in said note shalt become sn much additional indebtedness hetehy secured and may he in-
<br />cluded in any decree Foreclosing this mortgage and 6e paid out of the rent nr pzoCeeds of ate of said Premises if not athezw~ise
<br />paid; that it shall not be obtigatary upon the Mortgagee to inquire into the validity of an>' lien, encumbrances. nr claim in ad-
<br />raaeirtg mtrxys as above auttwrized, but nothing herein contained shall M construed as requiring the Mortgagee to advance any
<br />moneys for any such purpose not fn do any ack hereunder; and that \iortgagee shall not incur any personal tiabdity because of any-
<br />thing it may do or omit to du hereunder.
<br />Ia the event of the de{atdi by Mortgagor in the payment of any installment as required by the ivute scturrd hereby. o
<br />ixt the perfornartce of the obligation in this mortgage ar in the note secured thereby, the Mortgagee shall be entitled to declare She
<br />deb! secured hereby due and payable withouk notice, and the '.Mortgagee shall be entitled at it option, wit}iuut nrtice, either by itself
<br />or by a receiver to be appointed by fhe court thereof. and without regard to the adeq lacy of any security for the indehtednesc w
<br />cured hetehy, fo enter upon and take possession of the mortgaged premises. and to collect and receive the rent. i~-urn and profits
<br />t}tareu{, stud apply Lhe same„less cwta o! operatxin amt tuliectiun, upon the ind~btrdness -~cx-ured by this tnuctgage, xaid rents,
<br />issues sad prdta being hereby assigned tb the Mortgagee as further security for the payment of all indebtedness securrtl hereby.
<br />- The Mortgagee short have the power to appoint any agent or agents it may desire [or the pu reuse nt rrPa~ring said prem-
<br />ises; renting the saute; collecting the rents. revenues and income. and it tnay pay out of said income aft expenses itxn+rred m rent-
<br />irt6 8rid managing the same attd of collecting the rentals thezef tom. The balance remaining. if any. shall hr aPPt+~ toward the
<br />- discharge of the mortgage indebtedness. This assignment is [n terminate and txrome null and void upon release of this mortgage.
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