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"~I'1HmiVl Adlli]I$i'i~laih$I ~Iil1~~PIIM~'p41?IP@ t:,ll~~'y'IE„*t,illt'~w;7"1f~V ~s.INllh Nhi~ig~~~,f, t~~,,IIWi i~~
<br />~uNii~ ,osl~n iN ~I~+N4~,~
<br />"0'"kw~ut ti3se~ ~ll~" rui:vUN rs~y ~tll,ww ilsssSnUltr6r+~d+sw¢sus as 1llu~tmrdutVUaElswu:r, isa~.3i!iiro+~I
<br />']'i~t t~ ~ ~ ~~:;r °if ~ ---- -- - -_ ~ _~~:- a~ar~ ga«x? rat:; Yet'. 'a,.'!,.e; s_r;.t..-:*,-. . _ _ °_ a:.~?
<br />;~ enter^, '..-~ xarrat asd ttttt the same its fm oast clr~sr d srny rr, • .•!cstmt3raac:.r-. §3--:a? +_,i~,. zp;ar'=,r .. r, s. = ar r ~ir'rrr. ;isr
<br />{I trftt i~ ~sd prexnta;!r agair~E t#r? ?grin >~ s F t~+~~+rr-
<br />Tc, pay irrn._diattiy when ;toe grad payablt• af7 gtasrtral taxes. spr'sa1 tax+=. a3 ass+-~..,,; Dent<- --ate-r :.,ter;es. t.~.r=.r u•...
<br />fee e%3arEr~s, and srtiwr fazes aasd rtsargc= .against said prnpeRy: n d ail -wx~s :e~.i.<' :. .> e € se: ;-=,;rr-:~ ~- r=, . armed c~ fuze-i.--. t-i.=
<br />,'~if~rtgaAr'~ uparr r~ii«s#, +-it}; the rr:g=ra2 :rr 3upfic3te :±~ipr:. ±3vrrivr. T#~• `_f=,r?.:3sn, e,;.a.-~ '_~a_t xsj-r. -4•-F r ~1~^*_° '.-
<br />eael's ntrrttt:ty payrrx-at r€atr;irrii. is~r~-vtdtr :x +,:,a;s~r tFu.- rvs~'rrsc- ._f r3s_-?r scrum ~,s-- 3 as. am•,~xet n5..im~.ut!~*; F is:r-~~.4 u:°gag"`
<br />Lx: tr• suHirierxt to vortbtr the '4lortgasee fa pa as El:ey `ter. ^*,rn~ rfw. ai3 taxes. +;n'.s. serf =.i:r,s?ar ctsarg.~s upc-:n 3Y~ pr+c>rn-
<br />ise-s sut;r>cx.+ he- -: a_y dr-ficiwncv f»+tau~r- f tF~ = uP~cse ~-, ,,f Inc;? a:•it t-: na' }a e- hail ' fc.zrbx:tt; defxxst-d rsr tha
<br />tix :4inztaasr>: w.tfx .te- :tSal gage.. u;r,n _.r nand by ..,. ~. r[rage+ ~::r ,e a..t _~. . ,,., gar -gr~.„ -- ~aii }>.- d.Ym...s a -;vfa.aEs :.
<br />paynsent cn taxFS, a.Stnents, ar +imiter charge,. r~ suirr.~ hFre::nd~r..
<br />'I`he Sfattgaga,r as; reca that there shell aisa lse added to each mo,-,tarly ;..a r-- .e -'... ansl ,r..rrr-,t rrq,~:r:i i~..-
<br />urd.-~r a ~ am:=-urt ,-:tir>atr:a by the St:>r#gager to '^r- s:~f$c-ier:t `„ rnabt,, t:r~. Sir: rtr?~.'.-~~ _ _ _. - -.a .. -. _ th.- ; _-,~r..e^h->'
<br />fsremsu:rr .stn any :n~-u ranee ~ licy delivered #o #hY !>'Srirtgag+-~ Any dc•ficsen~ 'rf-ta;rvr :~f ~thr };n~uffx<y:r-r. ~ u. sue}r a<7d:tis,na: pay-
<br />;~ rgents shah he *w,rthvnth deposited by t?;e >rfertgagar with the Sforteagre upon dFrrtancF oa -he 'tiarigagsr. Ary default under 2}tis
<br />paragraph shad tx deemed a de[autt in the payment of ins;.r nonce preen ms If the cxt c - px rscies deposited are sorb as trrrrse-
<br />~ f wnezs +:r al: nsk psi:: r~+. and ti:e da{,sit. are rmufficirnt to pry the Y..is - ,,rc-,r.cn-. ?re "~1 +r.gagr-w may app:e ihv d+~pr.,sit fn
<br />(~ {,ay {~rrmiurns on ristt- requsrrd to }~ tnsu red by this mnrigage.
<br />Pa•;meots made by the Mortgagor under the atwve paragraph: may. at the op<inn of the Mortgagee, be ttetd-isy st and
<br />cammingt.-d with other xacis funds r,: ifs own funds far the payment rf such items. and unlit ~ applied- soots payments are herei;y
<br />picdged as security far the un{>aid balance of the mortgage indebte-dness-
<br />'I'o prxure, deliver to, and maintain for the benefit of the '4fortgagee during the life of this mortgage origira; ~re;iiries and
<br />- renewals thereof, defive red at i:~st ten days befrire EF:e expiriien of any sr.;ch pc'i~ies, insuring against fire and ot,..: :-tsurable
<br />hazards, casualties, and rnn?ingeneiea as the Mortgagee may require, in an amount equal to the indebtedness secured oy this
<br />Maw..gage, and in companies a<:cepfahie to the 'Mortgagee, with loss payable clause in favor of and in form aceep£ahte to the '-. ,r?ga-
<br />- 1_;ee. Ir. the event any {rolicy~ ;s not renewed ur. or tmtore ten days of its expiration. ?he 'vforigagee may procure insurancF ~,r: the
<br />improvements. ¢a the pre-r~i+sm thrre{nr, and such sum cha{I ix>cr,me insnsediateSy due and ¢ayai;te v,~ifh infFr:-st at the rain set
<br />- forth in said note unlit peso and .hail }W .,rcu reel by this mortgage. Failure on Lhe part of tF.e Sicrtgagcr to furnish such re newafs
<br />as are herein required :>r fadure to pay any sums advanced hereunder :hall, at the opfi;,., of the Mortgagee. c-onstitute a default
<br />under the terns of this mortgage. The delivery of su•_h pcrlieies shat!, in the Event of default, constitute ors assignment of ?he un-
<br />earned premium.
<br />Any sums receiv«t{ by the Mortgagee by reason of loss or damage insured against may he reteined 6y the Mortgagee
<br />and applied toward the payment of the debt hereby secured, ar, at the option of the 3icrtgagee, such sums either wholly ar in
<br />part may tx- paid over is the Mortgagor to be used to repair such tsuitdings or to build'new buildings in their place. or Erse any
<br />other purpose ar object saiistactary to the .tvIc,rtgegee withnuf affecting the tiers nn the mortgage for the full amount ~rurod here-
<br />. 6y before sucfi payment ever i+x,k place.
<br />- Ta promptly repair. restutr or rebui;d any buildings or impresvemenfs now ur hereafter on ±he premises which may he-
<br />mme damaged or dcstroy~ :; is ker¢ said premises in good condition and repair and true tram any mechanic's lien or other tier. or
<br />claim of lien not expressly subordinated to the lien hereof; not to suffer or permit any unlawful use of or any nuisance to exist oa
<br />said property nor to permit waste on said premises, nor to do any other acT whereby the property hereby conveyed shat{ become
<br />Eesa vatuabfe, ear tx: diminish or impair ifs value by any act or emission to act. #o ccempiv with all requirements of raw ai#h respect
<br />to ttse mortgaged ptemises and rice use thereof-
<br />That should the premises ar arse part tsrreuf t,e taken +,r riama,ec-d by- reasc,n of arse puhiir imprr,vvmm.-nt n condemnation
<br />proceeding. or under the right of eminent domain, or in any steer mane r, the Lfnrtgagre shaft Fn- rnf:tt.-d t~ a t c:,rper:~ .s.
<br />- a,ards. send any 9thrr payment ar relief ifierefaz, and shall he entitled, ~t ,~ opti:..-,- to commerice, appear- in and ~ ;oscrrrte n-- L5 ~--_~
<br />_ avert Warne any action ar proceeding, ar to make any t.r,n¢. lntise ar s~ttlemen€ ir. cannecfior. with such Faking ur damage. A{I such
<br />zety as:,ie~.i ter iri." :RO -wfr may. arEt<r- d~tadii ~ =_
<br />~~~- ~ - ,.r=vr,i- ~a ~ -,.o tsags_ ;.igi,; or ~xinn artEf prn~~ - ere _ 'stgaau. `_ -,e
<br />- ,sue ,s~~,~t ter.:'-~xpgn•es, rainy-msusrvs sn received by rt r a~'!v the same an any irdehf2dr:ecs secured hereby. The Meet-
<br />- gsarir agrees to ezecute such further as.igrments of any Cam{xensauan. awards, damages, and rights of action a»d prcxxeedy as ike ,
<br />Mortgagee may require. _ - - - ~'4
<br />- That in case of failure to perform any of the covenants herein, the :olorigagee may do an the Mortgagor s behalf everything
<br />- are mvenartfed; that the Mortgagee may also da any act it may deem netwssary to protect the lien thereof; that the ?afor[gagor will
<br />repay upon demand any moneys paid ar diatom esetl by the Afarigager for any ~ = tf:e above pu rpe_~ses. and such moneys tegettier with ~'it~
<br />_ interest thereon ai the rate provided in said note ahaC become sa much edditianal indebtedness hereby secured and may fie in- -
<br />eluded in any decree foreclosing this mortgage and be paid out of the rants or precerKts of sale of said premises i# not a[herwise
<br />paid: that it shall not be obligatory upon the Mortgagee to inquire into fire validity of any lien, encumbrances. ar claim in ad-
<br />- yaattrtg moneys as above authorized, but nothing herein contained shell be construed as :squiring the Mortgagee to advance any
<br />moneys for any sxch purfx.ae elan to do any set hereunder; and that Mortgagee shalt net incur anY Fermat fiahdity Fserause of any-
<br />thing it may do ar omit to do hereunder.
<br />In the event of the defauit by- Mortgagor in the payment of any installment, as required by the tti ore ,eared bereby, or
<br />_ in the pertormartce of the obtigatien in this mortgage or in the note secured thereby, the Mortgagee shalt be entitEed to dectarz the
<br />- deh#--;xntred hereby due and payable without notice, and the Mortgagee. shaft be entitled at its option, without notice, either by itself
<br />or hY a seaeiver to be appointed tiythe-court thereof, andwithotit regard to the adequacy of any security for the indebtedness se-
<br />cgtNx3 her, to enter uponand talcs pos§edgiati ~oT ihe~mortgaged premises; and to mlleet and receive the rents, rues and profits
<br />tl~re~; and aptrlY ttse-same: Iesa casts- of -©persEEon -and-!.rot!-echon. upon the indebtedness -secured- by this nwrtgsge;.: siEd -refits;
<br />iastfes~asd piofitta~being-hereby aa~-Egned-Eo Ehe A4a:tgagee as fvsttser security-for the payment o[ alt indebtedness secured hereby. -- -
<br />- - The Mortgagee shalt have the power to appoint any agent or agents it may desire for the purpose of repairing said preen-
<br />- - - - - meet: ieating the !tame:. colleMing the r=ats, revenues and income, and it may pay out of said income all expenses-incurred in rent-
<br />- ing and managing the- ftiame-and, of collecting the rentals therefrom. The balance remaining, if any, shalt lee applied toward Ehe
<br />.
<br />,- rge 07 f3ie mortgage indebfedrtess. 'i~its.,assi;-gnmertt-.is ta- Eermirrste amt hc~come Wulf amt void upon release of, this,mortgage_
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