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<br />TKE MORTGAt~Cb}~ '1~"CdF'F"I"IF31~E} !i»(.IN'IE:'hFrdldST"f'~S Ahfl"Jr A,O'S>~, , , E`
<br />i ~::; llfv iC ~.It'
<br />~~, 'S`hntthe Mragot~~~rilk }r~y,`tlrr~ indett~.~ s~,~~gtlret!'rtnrt~f,r,: ~.:iderl
<br />~. .,
<br />~ That the M'otgagor ss tba awns: r>f sofa pr,r3Yrty rn fc-e >imp}e an3 hoc gnor} right_ sort iawfu' authrrity [o sea} and _
<br />- convey the same:;; ~,l~attF.e saiaeis~fiea and'clcar~of any lean or~ encunttrranc-e: and that ;<+Fartga;nr will warrant and defend the - -
<br />title to said premises against the- ctaitara of aR fiersans-whomsoever.
<br />To pay rtr7rrtediate}y wF,en due~a'rd payable alt generaF taxes;-special fazes, special sags-ssmants, water charges, sewer son-
<br />ice charges, and other taxes and charges against said property, and ati tax ,aviec', on the de}rt ~>cured 3reretzy. anti iv fur: nlsh the
<br />Mortgagee, apart-request, with the origrnsl'or ~dujrlicate re(:eipts llreradrn. The Siortgagor agre•s>s that there steal} he adder}'ta •
<br />each monthly payment required hereunder ar under the evidence of debt secured herrbv an am:-unt estimated by the Mortgagee
<br />r' ~ is he sufficient-#a--e.-fahte the Mortgagee-ta pay, as they hecoma* due, al! taxes, assessments, and =i:nitar charges upon the pram- -
<br />mil ices sutsject +:sereto; anp defie%enry because of the, insufficiency of such aclditiunal payments =hat} t3..> forthwith riepositod by t}er
<br />Mortgagor with fhe }1i:rrigagee upon drmancl by the 142 o:igage e. Any defautt ur;der thi pa ragrapir shall t~~ deemed a .iefault in
<br />k ~ payment of faze;, asse~ments, nr similar charges required hereunder.
<br />g The Mortgagor agrees that i#iere shalt also fie added to each monthly payment of prireipal and interryt required here-
<br />under an amount eaiimated by the Mortgagee fo t)r sufficient to e•nabte the Mortgagor to pay. ac tt becomes due, the insurance
<br />~' prrminm on anp insurance pokey drt=eared to the Mortgagere Any deficiency because of the insufficiency' of such additions} pay-
<br />mer}is shall ho forthwith depasrted by the ;tiortKagor wrth the Aortgagee upon demand by the Mortgagee--- Any defautt under this
<br />~ paragraph shall he rleemert a default in the paymen! of insurance premiums. If the policy or policies depc.sited err such a; home--
<br />owner_: or all risk policies, sod the de}x).i~ are mwffcient to pay the entire premrum, th<~ 'ttorkgagea may a},ply the depastt to
<br />P
<br />& pav prenuums un risks required iu +,r imcurr-;; h, thy: ~nrtga:,
<br />Payments made by the .'-f urlgagnr unrle•r the atxive• paragraphs map, at the option of the Siurtgag+>e- lx> held by it and
<br />commingled with other such funds nr :is uw~n funds. for the payment of _cuch items, and unto} sc= applied, such pa=~:,e.~:,t~ are hereby
<br />p)ecigect ae security for the uni)aid balance of thr> mo:!r:age indebtedness.
<br />To procure, deirv,>r n;, and maintain for the t>i•nefit of the 'viortgagee during the life :,t thi; mortgage original p: ..:-ies and
<br />renewals there-of, deliverer', at feast ten does h!>fore thi• =t,>irati(,n of any <uch !>n!iciY., rn4ur:ag against fire and other jnsurabte
<br />hazards, casuatti»s, and contingencies as the '.l-iorfgagr>r may require, in an amo+lat squat to the indebtedness secured by this
<br />Mortgage, and -n companms arrrptablr to the Mortgag+•,~- with loss pavahle dau-e in fr..nr,:f and in form acceptable to the Aiortga-
<br />= gee- In the event cry p<,Picy 3s m;t renewed +xi ur be+k, r=• ten days •+f i!. rxpi rahnn. C+,,• 1Sortgagre may i;rocure insurance an the
<br />~mprovemenL~, pay fhe• premium therrfnr, anti ,uch cum =hall he•c~>me immrdiatefy du<= flnd payable with in*,erest at the rate set
<br />forth in said rnt~' until paid and shaft hr -.+~currd h-.- thi. -acrtgage. Failure on the pair of thk 3ortgagor tc, furni,h such renex'a3s
<br />- as are here-in required ur failure to par any sums advanc:=d herrwider shi>}l, at the cptian of the A2arigagre. constihite a rle[ault
<br />- under the tarots of this mortgage. Thr ~ietivery vt suci3 pn?;cis; ;hall, in the event of defautt, cansti±ute an assignmrni of the un-
<br />earned premium,
<br />Any sums received by the 4ortgagee !it reasf>n <+f Imo, ;.. ~3.-.3,u.++ffS~--+ra+~rrct"sgatrt5't"`i'li~$t'fie="r't)Taint~ by ~t~e~',~~Te~rtgagce
<br />}•ment of the debt her.-by secured, or. at the option of the Mortgagee, such sums either wholly or in
<br />' "--~~~~~snd-~~efMUlied to)y.ard the pa
<br />+
<br />' ' part may he pair! over to~cur 'lf •::i.;~~ ?~"-.t:-~~ -t..-rrt.a;r finch buildings or to build new buildings in their place or for any
<br />other purpose or object salisfactoq• fo the Mortgagee without affecting the Iien or: the mortgage for the (cal amount serurerl hero
<br />by before such payment ever trxik plarn.
<br />To promptly repair. restore or rebuffld am buildings or improvements now ur here~ftrr nn the premises which may tte-
<br />come damaged or destroyed; to keep said premises in goad condition and repair and free from any mechanic's lien or other lien ar
<br />claim of lien not expressly subordinated to the lien hers>oE, not to suffer or permit any unlawful use of or any nuisancc> to exist on
<br />said property nor to permit waste on said premises, nor to do any other act whereby the pnrfwrty hereby conveyed shalt berome
<br />l°sg valuable. nor to diminish or impair its value by any act ur omission to act; to comfrly with all requirement, of law with respect
<br />- to the mortgaged premises and the use thereof.
<br />Ttlat should fhe premises or any gait thereof tae taken or ,tamaged fly reason of an': pnbin• improvement nr condemnatron
<br />proceeding. ar under tnc right of eminent domain, or in anp- r,ther manor-r. the S4.,rtfiager ~batl tw entitled t= ail cote}aensaiiaa~
<br />As`eas ~: +°~ra..c ;=•~it~r Gayrft~,^. `. s5r re}.ef tl;ere ff3r: and ~}s°}! 3-a Yntif}~i. ~t it8 L`pt;Et>'3: ZG M:mm;inC`e: °o t>t~ar :^. aGrx pr=~£t"stt~-l~-.u- _ -
<br />awn name cry action or proceeding, or to make any compromise or setitrment in connection with such taking or damage. Alt such
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<br />C'i3rt7p3r1r~ifar3. amarrta, damages, rSgnc r:i 8ettan aS:d priX`F@SS5 arr- :,£•rSfy as5i'r,-riY:7 EO ihR M :rtgog2e. W}IO .:3y, al Eer dc'€3"t3fti R}~' .
<br />-_ t-rTHi~iFaFL Sit its CZp7;n3ez, reeeS3e anY rrnznEys' sr, reCCic~d it} it a,r BF~+~ ths? game ~.rn 5ny m1~htE[ints.~ >t?cured ilerc~ay. T~lre -.''~' art-
<br />gegor agrees to execute such further assignments of any compensation, awards, damages, and rights of action and proceeds as the ~
<br />~.
<br />Mortgagee msY require. ~ -
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<br />That in case of fat}are to perform any of the c•avenants herein. the Dortgagee may do on the Mortgagor's behalf ecen'thing
<br />so covenanter?; that the Mortgagee may also da any act it may deem nr>cessary to pmtect the lien thereof: that the Mortgagor will -
<br />repay upon demand any moneys paid or disbursed by the Mortgagee for any of the abcrve purposes, and such moneys togettier with
<br />- infereat thereon at the rate provided in said nat.r shall Fiecomr sa much additional in:iebtetiness hereby secured and may he in-
<br />eluded in any decree toredosing this mortgage and be paid out of the rents or proceeds of safe of said premises if not otherwise
<br />paid; that it shalt not be obligatory upon the Mart.gagrtr• to Inquire into the validity of any lien, encumbrances: ur claim in ad-
<br />varrctng moneys as strove auiharized, but nothing herein contained shall kx• construed as requiring the Mortgagee to advance any
<br />ttxsneya-for any such purpose nor to do any act hereunder; and that iLfortgagee shalt not incur any personal liability because of any-
<br />thing. it may do or omit to do hereunder.
<br />- ~ In the event of the default by Mortgagor in the }aayment of any installment, a3 required izy the Note secu reu hereby, or
<br />in the performance of the obligation in this mortgage ar in the note secured thereby, the Mortgagee shalt be entitled to declare the
<br />,_ debt 9ecK}red. hereby due and payable without notice, and the Mortgagee shall be entitled at its option, without notice, either by itself
<br />ar hY a..itetxiver t(1 2re--appointed by the court thereof, and without rngard to the adequacy of any security for the indebtedness se•
<br />cur+~t iierebY. to enter--upon and take pos'sessititi r3f flee tnarlgagert premises, and fa eoi"tent and receive Ilea rents, isaur~-s.t~nd proms
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<br />thereat:-arid spgly the carne, .less costs of aperatian and txrileet}on, upon thr> indebtedness secured by this mortgage; sa
<br />;tt~ canto;
<br />- lasses acrd profits tieing hereby assigned to the Mortgagee as further sFCUrity for the payment of all indebtodness secured heretiv:
<br />- Tire Mortgages sfraU have the power to appoint any agent or agents it may desire for fhe purpose of repairing said preen- ,o
<br />ices; renting the-same;, mllectinP.the rents, eevenuea and income, and it may pay out of said inrnme alt expenses incurred in rent-
<br />- trig- and mawaging _fhe Barrie acrd of eotteeting the rersta}s iheref rom: The balance remaining, if any, shall tee applied toward the
<br />discharge of the- mortgage irtdlhtedaees: Ttr}s assignment is to terminals and become null and void upon release of this mortgage.
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