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Tf•fIE MtlldTt"3,tl4uMll ~rf~F'il'IfiE'~t~. ft:tl;?1+'Ifs'fa~uw~J"I"J~ r'K,~iZI A!t~ikii'gil~,Gi.~;:
<br />2„~i „ .I `!
<br />Thai £ew tsfartgagor viii pay +-ire indebtedness as hEreinhef rr*' provir3c~• - --
<br />That the Mortgagor is the owtser n£ said property in fee limp}e and has gnocl right and iawhrl a+.~?h., rite ?o -mil} and
<br />Canvey the same and #hat the satrtQ is free an*t clear of any }ter, or encumbrance. and that ?vfortgag~,r w;L w-arrant and defend the
<br />ti Lie to said premises agaitzst the cIa#tt~ of a1I persons wlctmtaoever.
<br />Tc, pay immediately w=hen due and paya#-,}e all general faxes, speriat fazes. special as4essmPni;. u-ater charges, sewer srrv-
<br />ice chazg~r and other Lases and charges against said , rnper[g=, anal a}I ?ax-~ lev=.ed c.r, the doh*_ ser:;red hereby. and io futni-;h ;he
<br />Mortgagee. upon request. with the origins! or duplicate receipts thettdor Th< 'tfurtgagor agrees ,hat there shalt -ne a~.ded io
<br />each °nonfhly ,:ay ^:ent. r-quires+. hers.^.der <es ,red?r t#,? ..vidY nre• of dt~bi scrurr~d her?b, an am.,unt estimatYd by the .dortgagee
<br />u, be sufficient to enable the Mortgagee fo pay, as tkey I>r•enme due, ail tars, a.~s.•~,ments. and ~imi!ar charges u}rnn the prem-
<br />ises subject t#x-reW: any deficiency because ni ihr insufi:cieney of :ueh adelitio_u?l na}•m?rts seat F>F brrihwith depnsitecl by t}ee
<br />~Mati gagot wick ih,° 41.~rzgagee• „ ;,;n dr-mard h.- t..e \ir,ri~:ar:=<= .`. _ z'.e•fau€i u:i: i.•r fl;i= paragraph shat! he deemed a default in
<br />'-1 naymenf of taxes, assessments. n. similar rha rgr•s r+equired hereunder
<br />..~
<br />Thr ~forigagor agree,, l'nai there skz.}I also M~ added tc eack month; S' P2Yn=ant of principal a?d intrrr-st cequited kere-
<br />under an amount estimated b}• the :44nrtgagee to be sw'ficient t., enab!r- tl:e ';4lnrtgagee *,o pay, as it }x•comes due. the insurance
<br />~ premium an any insurance polic_~ !!elivere•d to the Mortgagee Any t}efici.-oc•y hs-cause of the insuf};ciencl of such additional gav-
<br />I.~ meats shat! Ire fnrthw•i?h deposited h} the #nrtgagnr with the 'vlnrtgagee upon demand by the Mortgagee Any default under this
<br />paragraph sl-all he deemed a defaisit in th.~ payment r+f insu rant? premiuir,.c Sf the fK ,icy or pol;rie< deposited are such s tx~me~
<br />.,.._~,~.~ --_ _:_+. _..r:..:... a .r,=. ,en.,,,,.. .s... ;ns„p;r;...,r r,::.a,. .n. ,.,r::r em.urr. ...e Mnrtr.-epee m only the den~.'ii to
<br />pay premiums on asks regair:•d to !r ircu red ky tkis mortgage, -- -
<br />Pavmens made ky Lke Mwtgagor under the shove l;araaraphs may, at ihr= ;:pticr. cf the ~forfgag?c, tx- held by it am!
<br />commingled with other =urh funds nr i'.. ~w~n funds for the payment of such item=, and until so applied, such payments a:e hvr+-k•:
<br />pit~t,'geri as security for the unpaid balance r:f the mortgage indebtedness.
<br />Tn procure, debver ":e. ar, r', maintain fnr the :wee-?it of th+= \3ortga~ee dvrir,t Lhr Irf? of thi< coot?;,ale :**=.~~n.:` . -:.•s and
<br />renewals thereof, delivered at 2.-ast ten days t>Ffore the expire riot: of any such poiicie=, insuring an sing. fire and oft _ ~rahle-
<br />hazards, casua}ties, and contingencies as the Mortgagee may require, ;n an amount equal to the indebtedness secured ^•: this
<br />Mortgage, and in companies ac~el>able 4n the Mortgagee, w-ith Inns payable clause in fever of and in Inrm acceptable to the `-,:--riga-
<br />gee. In the event anv pnlicv !~ r r r•werf on or before ten days cf it_e aspiration, the pAorteage•v may procv re in=u caeca •+n the
<br />improvements, pa}~ '_;tr pren~,; si€n therefor. and such sum shalt hec;ime immediately due and payvtiie with inset?sL at the raft .mot -
<br />forih in said note unfit pa:cl and --ha!! M• ~cte red by this mnrtgagr• Failure nn the part r~` 'hc~ ~•fortgager to Purr=ish sum cane-u:als
<br />as are herein required or f-aallure to pay any same advanced ''^.ereunder shall, at th= aptic :: at the }4ortgagec=_ c~nsti*uze a default
<br />under the farces of this mortgage Thc- deliver; of ouch pn!iciec shall, i,s the went of default. constitute an assignment of Lhr un-
<br />earned premium.
<br />Any sums receiver, by [h? Mortgagee ky reason of loss ar damage insumd against may be retained by the Mortgagee
<br />and applied foward the payment of thr debt hereby secured, or, at the option of the Mortgagee, such sums either whoIIy or in
<br />part may 6e paid over to the Mortgagor to he used to repair such buildings or to build'new buildings in their place ar for any
<br />other purpose or ob}act satisfactory to the SQurtgagee without affect ng Lhe• (ten un Lhr mortgage fnr the full amount .acv red her-
<br />by before such payment ever took piece.
<br />' Tn prompt}y mpair. restore ur rebuild any buildings or improvements now nr hereaft?r on the premises which may be-
<br />come damaged nr destroyed; to keep said premises in goad condition and repair and free from anv mechanic's lien ar other lien or
<br />claim of lien rot expressly subordinated to the lien hereof; eat tc suffer or permit any unlawful use of or any nuisance to exist on
<br />said praperty nor to permit waste on said premises, nor to do any other art whereby the property kereby conveyed shat! I-.ec~me
<br />less valuae;ta, rot to diminish ar impair i{s value by any act or omission to a_.. .., cr=7: •i ~- w-ith vii regrtiretrents of }aw w~ftii respect
<br />to the mortgaged premises and the use thereaf.
<br />That should the premix3 or any part ther.•af 6e. takt•n +,r :;atnag<.i h .-~... ~f a n; ;w?>hc impt+>•:emen# n: candcmna?ion
<br />rm__•t=3i_^.o• nr trader the right ot_- eminent domain, ur in any other manner. the 4#ariga=ea =hat; b.• ensued ro a}i cninpenvatians,
<br />awarrLS, acid any o#he: payment or relief therefor, and shalt he entitled, at it, sprier., Yo commence, appear in and prrsecute in i#s
<br />_ _ ors cr ta„ -~.. - ar to kr' - - ..~.^;pr r..a° - ' -. .,, --_- - - -- - - - - : h
<br />;,,~, °ua::,e ;.,,, ,e°'an;,= ma ony ~-_ ;°._. rr ~.~Lr,:° - - .^. c - n -. to - a ":
<br />~, .: ~.
<br />_ _ ~ , ;t~(it o~ a~tton anr~ Pt!s err' tserrnv assi:=r_et* to t+te t5*art>t~te ~f ;>i~?- ~3t"e ttirtrr~
<br />tharefrotrt all its expenses, release any moneys so received by it ar apply the same un any indebtedness secured hereby. `I`he Mort '~
<br />- gaP,ur:agrees- to exertete such further assignments of any ccmpensation, awards, damages. and rights of action and proceeds as Lhe --
<br />Mortgagee may. require.- ;~;
<br />ThaE in case of failure to perform any of the covenants herein, Lhr ~#ortgagt•e map dr. on the 1#ortgagor's behalf everything
<br />so covenanted; that the Mortgagee may alas do any act it may deem ncressery to pnz£ect the hen thereof, that the Mortgagor will -
<br />repay upon demand any moneys paid nr disbursed by ttte Mortgagee for any of the above pvrpases, and such moneys together with -
<br />irfei+est~ thereon -at the rate provided in said note shall become so muc-h additional tndebter}ness hereby secured and may he in- ~.
<br />eluded in any decree foreclosing this mortgage and be paid nuf of the rents or proceeds of sa}e ai said premises if not otherwise
<br />paid; that it shall not tae obligatory upon the Mortgagee W inquire into the validity of any lien. encumbraner-s. or claim in ad-
<br />vatxrtg moneys >ss shave auttiarised, but noshing herein contained shall be car~~trued as r~uiring the M.-,rtgagr-e io advance any
<br />moneys for any such purpose nor to do any art hereunder; and that Mortgagee shall rani incur any personal liability txcause of any-
<br />thing it may do or omit to do hereunder.
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<br />In the event of the default by Mortgagor in the payment of any dnstallment, as required by the Note secured hereby, or
<br />in the-perfarmante of rha obligation in this mortgage or in the note secured thereby, the Mortgagee shall be entitled to declare the
<br />debt secured hereby..dtte and,payable_ wiEhogt nutipe, and the-Mortgagee shall 6e entitled at its option, without notice, either by itself
<br />or by a receiver tope-appointed-}iy tAe court thereof, and without regard to the adequacy of any security far the indebfedneas se-
<br />cured hereby, do enter-upon and take pos§essian'of the mortgaged premises, and to collect and receive the ren4, issues and prufi#s
<br />thereaf;`surd ap~tEy ti~'ssrtie; lea oasts` of 'operation and ~-allcctioh, upan `3ta ityde`,ted»t-aa sec ate by this mortgage; said rents,
<br />issues ara# profits being hereby-a~#gtied to rha Mortgages as further setttrity far the payment oI a}t indebtedness secured hereby.
<br />The Mortgagee shall have the power to appoint any agent ar agents it may desire for the purpose of repairing said prem-
<br />eses; renting the same; caliecting _Lhe rents, revenues and income, and it rosy pay out of said income all expenses incurred in rent-
<br />- tog-and--msnagiagthe--setae-and-af co}lerting.the recitals therefrom. The balance remaining, if any. shall tae applied toward the
<br />discharge of-the roozi~sge itsdebtedt~ess.. This assigrunent is to terminate and become null and void upon release of this mortgage.
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