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<br />THE MORTGAGOR FCIRTHER t.`OVENANTS ANU AGREES:
<br />That the Mortgagor will pay the indebtedness as hereinhefore prrnit[Pd~=•= ~'=~ `.
<br />That the Mortgagor is the owner oC said property in tee simple and has gorxl right and lawful authority to sell and
<br />r convey the same and dhat the same is free and clear of any lien or encumbrance; and That Mortgagor will warrant and defend the
<br />I title to said premises against the claims u[ alt persons whamsoever-
<br />To pay-immediately when due and paynbl«• all ger.cral taxes, special taxes, special assessments, water charges, sewer serv-
<br />ice charges, and--other-faxes and charges again, said property, and all razes I«n~ied on the debt sera red hereby. and to furnish the
<br />Mortgagee, upon request, with the original or duplicate receipts Lherefar. The Mortgagor agrees that there shall be added to
<br />Bath monthly payment required hereunder ur +mdrr the evidence of doh[ secured hereby an u, u~nt estimated by the Mortgagee
<br />to lee sufficient to enable the Mortgagee to par, a. they hen,me due, al! taxes, assessments, and similar charges upon the prem-
<br />isas sttbjr.^t thereto; any deficiency because of the is sufficiency o. such additional payments shat) he forthwith depxited by the
<br />Mortgagor with Lhc Mortgagee upon demand by the \iartgugce. Any default antler this paragraph shall be deemed a default in
<br />payment of taxes, assessments, nr similar charges required hereutid-er.
<br />The Mortgagor agrees that there shall also he added to each monthly payment of primipal noel interest required here-
<br />undzr an amount rstimate+t by the Eortgagee to tee sufficient to enabh= the Mortgagee to pay, as it hecontas du+-, the insu ranee
<br />>:Q premium nn say insurance 1>oliey delivered to the Mortgagee. Any deficiency because of the insufficiency of such additianal pay-
<br />{tij rrtpnts shaft he Corthwith deposited by the Aortgagor w?ffi the Mortgagee upon demand by the Mortgagee. Any default under this
<br />~ paragraph shall be deemed a default in the payment of insurance premiums. If the policy or polieiss deposited are such as hcime-
<br />~ owners or alt risk policies, and the de{msits are insuSRc?era to pay th,~ entire premium, the Mortgagee may apply the drpasit to
<br />J pay Premiums on risks required to he insure<3 by this martgage.
<br />Papments made try the Mortgagor under the above paragraphs may, at the option of t},¢~ 1ortgagee, },<• h.•ld he rt anti
<br />commingled with other such frauds or its own funds far the payment of such items, and until sa applied, such payn;.•nts are hereby
<br />~ pledged as security Eor the unpaid hatsnce of the martgage iodebtedness.
<br />~ To procure, deliver tq and maintain tar the benefit of the Mortgagee du ri n-g the )iCe of this mortgage ongi nal polir:rs and
<br />renewals thereof, delivered at least ten days tefore the expiration +,f any such potiries, insuring against fire and other ^rurable
<br />hazards, casualties, nad contingencies as the Mortgagee may require, in an amount equal to the indehtednc is .ecurcd by this
<br />Martgsge, and in campanie>- aceeptahie to Lh. 9inrtgngee- a ith to _~ pacablr clause in favor of and in trim acceptable to the ?Lrrtga-
<br />gee. in Lhe event any- policy is not renewetil on or `Jt~fore ter, days of i~ expiration. the \iortgager racy pnx-um insurance nn the
<br />improvements, pay the premium therefor, and such sum shat; kxs:rme immediately due and pacahie with intemst at the rate set
<br />forth in said note until paid and shall M secrred by this mortgage Failure on the na rt of the Mortgagor to furnish such renewals
<br />as are herein required ur failure to pay any .urns advanced herrurt:3er shall. at the option of the \fr:rtgagee. c nst~tufe a default
<br />under the terms of this mortgage. The derive n~ n[ Bach pu!irtie, shat!- in the event of default er,natitute nn a sign moot of the un-
<br />earned premium-
<br />Any sums rneived by the Mortgagee by reasue ~.f loss ;. damage insured agairst m i be retain«~=d by the Mortgagee
<br />and applied toward Lhe payment ut the debt here}n- ~ fun.d, or- at the opUOn of the ASurtgagee, such same a•ithet wF.r,lh~ ur fn
<br />pert may tee paid over h> the Mortgagor to be used tr repair such 6vitdings or to 6uild'nrw buildings in cheer plan ~or for any
<br />other purpose or object sansfactory to fhr Mortgagee :.4thopt stir-rung the lien .>n the mortgage for the full amna nl <rcu red here
<br />by before such payment ever lock place-
<br />To promptly repair, restore ur rebuild any buildings or improvements now or hereafter un the premix-~ which may he~
<br />come damaged or destroyed; to keep said premises in g«.d rondiFiun and re3>air and free from any mechanit~ s hen or other lien nr
<br />claim of lien no; ezprec l_v subordinated to the lien hereof, not to suffer ar perm, any unlawful use of or any nutsanre to exist on
<br />said praperty nor to permit waste on said premises. nor to do any other act whereby the property hereby mmeyed shat) hecumz
<br />less valualile, nor to diminist: o: impair it. value by _ry set or omission to art: to comply with ill rr-gcirement: of law with respect
<br />to the mortgaged premises and the use thereof.
<br />Thac should the premrses ur any part thereof tx taken or damaged by era,-un of say pui;bc rmpn~..-n.mt ur condemnatrun
<br />proceeding. or under the right of eminent domain, *a in any other manner, the .Liortgagre shalt he eat tle:? to all compensations,
<br />awards, and any other payment or relief therefor, and shall be entitled, at its option, to c<+mmenrn, appear in and prosxutz in it
<br />own nacre any action or proceeding, or to make any ttrmpromise or setitement in cunneclinn with such. taking ur damage All such
<br />corriperesation, awards, damages, right of aetian and proceeds are hereby assigned to the Mortgagee, who may, after deducting
<br />theraftam all ifs expenses.. release any moneys so received by if or apply the same on any indebtedness secured hereby The \Sort-
<br />gagor agrees to execute such further assignments of any rompensatiun. awards damages, and nghts of action and proceeds ac the
<br />Mortgagee maY require.
<br />That in ease of failure to perform any of fhr caverarts herein, the ?elect gagre may do nn tfie }iortgagar',c behalf everything
<br />so covenanted; that the Mortgagee may also do any act ii may deem necessary u' protect the lien thereof: that the Mortgagor will
<br />repay upon demand any moneys paid or disbursed by the Mortgagee Cor any n( the above purposes. and such moneys together with
<br />interest thereon at the rate provided in said irate shalt become so much additions! indebtedness hereby secured and may he in-
<br />cluded in any decree foreclosing this martgage and bz paid out of the rents or proceeds u[ sale of xaid S>rrmises :f not otherwise
<br />paid; chat it s`ratl sot be obligatory upon, the Alottgagee to inquire into Ure validity of any lien, encumbrances, or claim in ad-
<br />vencing mmreys as shove authorized, but nothing herein contained shall }>e construed as requiring [he Mortgagee to advance any
<br />raatieys €or any such purpose nor to do any act hereunder, and that Mortgagee shah no7. inter any personal }lability txrause nt any-
<br />thing it may do nr omit Ec do hereumler.
<br />Sn the event of the default by Aortgagor in the payment of any inata[lment. as required 6y the Note secured hereby, or
<br />in t}re performance of the obligation in this mortgage ar in fhr note secured thereby, the Mortgagee shall be entitled to declare the tyr-
<br />~bt secured hereby doe noel payable without native, and the Mortgagee shalt 6e entitled at its option, without notice, either by iLelf
<br />or by a receives to be appointed by the rnurt thereof, and without regard to the adequacy of any secu city for th, indehtednc-ss re-
<br />acted hereby, to enter upon and take pes?sestion oT the mortgaged premises, and to collect and receive the rents, issues and profiU
<br />tliera~; and apply the-carne. less rnsts of operation and tvl}ectian. upon the indebtttinzss secured by this mortgage: said rents. '`"'"
<br />issves'artd pra6ts being hereby assigner[ to the Mortgagee as further scarcity lot the payment of all indebtednes secured hereby- „-
<br />The Mortgagee shall have the power to appoint any agent or agents if may desire for the purpase of repairing said prem-
<br />ises; rentrng the.same; collectipg the rents, revenues and income, and it may pay out of said income all expenses incurred in rent- -
<br />ing amt managing the-acme scot of-collecting the rentals fhezef ram. The balance remaining, it any. shall he applied toward the
<br />t[iacltargr M the mortgage indebtedness.. This assignment is to terminate and became null and void upon role®sz of this mortgage.
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