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'THE: Y&€}F2"f'CaAPirJH FUfiZ'HEf4 Ct'SVE4A".`Tfi A;1'D AGAEES_
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<br />That. the Matf~gor wit) pay tte indetrtedaesa as he.eintaetore pry„
<br />That •.se Mortgagor is the owner of said property in feg simp,r and r+as g;,r>d right and ia;vful authorise #n sell and
<br />crmve}. th„ same sad that the serene is free and clear of any lien nr vra••-irnhranca=. arse that_ Nnrtgag rr wi1 warrant aril df•fesat L~
<br />title w said premises against the ria3gis rif all persons whontstse•ser.
<br />Tn pay inimediateiy when due and payable all general taxes; spcriai taxes, special asss~zmenL4. water charges. scorer sen•-
<br />icr. charges, scot other taxes and charges against said property, anel aEF taxes le+•ird nn the debt securel hereby. and ter fvr:r:sh the
<br />Mortgagee: upon request, with the nrigi nag or dupFicate receipts tlarrefor. Tl^x Atartgazor agrees that there shall tie added to
<br />`each monthly payment required hereunder nr under fhe evidence of debt =e-cured hacrby ar< scow^L estimated by the MorfBager
<br />,r> i.~ srfficiea# to ezsble Erse ~+fartgagee to ;ray, as they l~rc-:eme due, all taxes. assessments- and similar charges upon ttte pram-
<br />ices s:tbject thereto: any de5cienep t>ECause o[ the insufficiency :~* 'such additienaF fa}.~nrnLs 3ha1F be forthwith deprr€ifed tsy fhe
<br />ittoztgagor with thc• DF.rtgaper upon demand by the SnrtgagrA Any ~irfault un+lPr thin paraxratzh shall ter deemed a default in
<br />yayment of taxes, a+s-,..rnent<. nr :fmiisr charges r!•yuirrr; }wrrua.irr -
<br />~~ Tt:e '=i+rrtgagnr agree. :hat there shall also be added to neon manihly paymerf ,f principal and intrust :• ::red -here-
<br />under an am~ >r + . t;ma e ! h .[. 'k1 .rtgagee to ter sot&ccrnf in e-nabie tt:f t1 rt ie••e ?n pay x, st Fxcn .es due th - ~+; ranee
<br />premium on any i~ urance pc,i-e: it ivered tr, the Mortgagee. Any deficcvrcy Fxc ., 4: •,f the tnsufficu•nc} - f sveta addttt -r -' pay-
<br />ments shall be f nth ~ith deprx to i by the Mortgagor with the Mortgagee ulxrn demand by the Mortgagee Any defau}t un -r this
<br />paragraph shalt ae deemed a drfauk m the pac•ment of msu ranee premiums_ L€ the potter or poht•tes deposited are such a; t1Vme-
<br />t owners nr all risk 3 ~licie=.:. r:d tfie deposits are insufficient err pay ihr r-mire premium, tier lortgacee ma}• apply the deposit to
<br />pay premiums on -;~ks req _::+ed to he luau reel by chi-=. mortgage.
<br />~ Payments made by the Mortgagee under the ahoy paragraphs may. ai the optsan of the Mortgagee, be bald-hy it arzd
<br />carmmir__gdevl °x~i2;: other sm•h funds nr it own fu.^.d.-, for fhe payme,°,L :,f uth if~-ms, ar, ur,-tiF .o appiiw#, s-ch {,aymrnts are hereb<
<br />pl_igeri a security for the unpaid balance of the mortgage indebtedness.
<br />'I'n pr<xure, deliver to. and mat n#ain for the benefit of the 3ortgagee du: ing the ]de oC this mortgage origins! [x+hcies and
<br />renewals iherro!, de3ivc•red at least ten days before the rxpi ration of env such 3>o}ides, insuring against fire and other insuralae -
<br />lv~rards, casualties, and contingencies as the Mortgagee may require, in an amount equal to the indebtedness secured by this
<br />Mortgage. and in companies acceptable to the Mortgagee, with loss payable clauses in favor of and in form acceptable to the '.41or*_ga-
<br />... .... ~.~... r F~^ .., ..ot ._.... w.,d _-. F,pf.,., te.. ,{~ ..f -_. _ .. _..-.. t.^.. Li., ~ .._ ___... ...__. .....- .,.. rh.. -
<br />tmprrtvemants.npayVthe'premsum therefor, and •such sum shalt brc:>me mtmechateiy dues and payable wsth~`fnterest' at the rate set
<br />forth in said note until paid and shall Ix <ecu red by this mortgage iaiio re an the part of the Mortgagee fo furnish such renewals
<br />as are herein required ur Cadure to pay any sums advanced hereunder shall. a£ the option of the Mortgagee, ennstitute a default
<br />under the teznvs of this mortgage The :1elivery of such policies shall, in Lhe event of default, constitute an assignment of the ur.-
<br />ramed premium.
<br />- - at,m3 :-` ..rte _ re Surtgege~-- l;y r..--run ~, :-ems :,r dam.xse ..-sores. agacnSt coat Ire re#ained by tre Mortgagee
<br />and applied toward the payment of the debt hereby secured. or, at the option of the Mortgagee, such sums either wha3ly or in -
<br />pari may be paid over to the Mortgagrr to lx° used t:> repair such huddings nr to build'new~ buildings in their place or for any -
<br />ofher purpose or object atisfaetcry Lo the ti,+.rttagrr without sffectitr the lien vn the mar#eage for #]re full amcant :=ecured here- -
<br />- ht..~fnr... sot! t,avme..r _._ r tt:.l: place.
<br />__ -- _- .-an~an*4 nn - e.n ..vn e•- _av tffi
<br />T„ prampily reps"r. FeeearQ r,r rr,:r,lilrl an}' .._.-..- -^ .. . ..................... ._.-. ..- l:e'eaff.,r .-,. ... -'£'m::~'ri wheeh s^'
<br />~. c«re damaged d=strr.yed_ to keep said [ mr as in ~ r! -t,. .3 [ -n a-:? rs,+atr and ere from azzy mrr+~aasic'. 3feri ar r.Lhrr Fien or _
<br />claim of lien not expressly subordiwted to t}.e lien here>:>f: n+rt to suffer or [+ermrt any unlaw•tul use of or any nuisance to exist on
<br />said property nor to permit waste nn said premises. nor to de any other act whereh}- fhe property hereby conveyed shall become
<br />lees valuable, our Lo diminish or impair its value by say act or omission to ace, to eompic with sit requirements of law with respect
<br />to the mortgaged premises and the use thereof.
<br />- That should the pte.-riv,s or any part thereof he takr+; : r rlamagr•c3 :+y rras+,n of en°; puF,+.~ irnprr.. rnf +~ ~„ndr: natinn
<br />procer~ing- or under fhe right of eminent domain, or in any other manner, the Mortgagee shall be entitled nto all compensatiotts,
<br />awards, and any other Payment or relief therefor, and shall be entitled, at itc option, Yo commence, appear in amt proaeeate in its'
<br />own name any aMian or proceeding, or Lo make any compromise or settlement in connection with such Making or damage. Ail such
<br />compensation, awards, damages, right of action sad proceeds are hereby assigned to the Mortgagee, who may. after deduMing
<br />'.htirnrrrm aiF iia expenses, release soy moneys so receive-d by i£ or sppS}• the same an any indabtedn~s-J set~r~ri hereby. The M©R-
<br />gagor ag[ees to ezentte such further assignments of any compensation, awards, damages, and rights of action anal proceeds as fhe
<br />Mortgagee may require. -
<br />Tbst in case of failure to perform any of the covenants herein. the Mortgagee may do nn the Mortgagor-> behalf everythin6 -
<br />_ so wvenanted; that the 34ortgagee may also do any act it may deem necessary to protect the lien thereof; that the !viartgagor wi[F -
<br />repay upwt demand ant moneys paid or disbut~ed by the Mortgagee for any of the above purposes, and such moneys together with ~•~`
<br />interest thereon at the rate provided in said note shall become so much additional indebtedness hereby secured and may he in-
<br />ctuded in any decree ftxee3asing this mortgage and he paid out of the rents ar proceeds of sale of said 7rrettsiser, if not vtheravise- •. `~
<br />- paid; Y.hak it shall not 6e obligatory upon the Mortgagee fo inquire into the validity of any lien, encumbrances. or claim in ad. -
<br />vaiecing-moneys asaiswe authorised, but nothing herein contained shall be construed as requiring the Mortgagee to advance any ~ ~_
<br />= mwtaysfor any attrh,:pur#toae_mar _bu-~-any act heretrrtder. and that Mortgagee-stfall-not. incur any Fersoeat IiabiiitY fuse of any.
<br />thingtmaydoorom/t.Wdo.hereunder. ~ - - -.
<br />In the event of thedefattit.byM~rtgagor in the payment aE any installment, as required by fare Make secured herelsy. ar
<br />_ in the perfonnat~e of the obligation in this mortgage or in the Hate secured theseby, the Mortgagee shall 'oe entitled to declare the -
<br />debt xettrieti hereby dt~ and payal>Ze witiaout nalice, aittl ,the ASort~agee shall be entitled at its option, without notice, either by itself
<br />- nr,by a receiver" to be appnfpted by titie court thereof; and witliotrt regard to the adequacy of spy -security for the indebtedness se- -
<br />cyred neseby. to enter uFSOn" asad take Amiga' of the faortBaged premises, pod to t~oFlect-anti receive the rents, issues and profits
<br />thtrreof, and apyly the-same, Jena twati'of ttQeraYiurt and' collection. upon'the indebtedne~ secured by this [rmrtgage, said rents,-
<br />- - ie®Ifen-~ 9rllfits•iseing-hen,iv,,Faa~pJte~'to tfte2f~ortgag>ze--=sa furifres"seivrity for the-payment o€-sll.indebirdness aecerred 6erehjr- -
<br />- Tt,.4 iortgagee .all have she gowFr tc appoint any agent or agents it may,d2sire tos the purpose of repairing said preen-
<br />,-. -- - ides; renting the game; raoilecting cite rents, reyenuea and income, and it tray pay out of said income all expenses incurred in rent-
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<br />- i.g ~ rr_anaa±ng~ !F*a >aa_*na s[+%f- ~ ~~~ -g t'fip ~rerita7s` thxref--nom. 'l'ira balance remaining. if any, shat! t,.. applied toward the
<br />- discharge of the mortgage indebtedness, 'f5tia assignment is Lo Terminate and become nu^ and void upon release of this mortgage.
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