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<br />'treat ttte Mortgagor will pay the indo~HrBe~dn+r~z.aus.hereint~foraprvvreriad.
<br /> That the Mortgagor-s Ylxe owner of said prrperty in fee simple seat I-,a=, gr~.,d riglsY and }awful auth:irity to set! an'
<br />,,, convey the Sarre and Yhat the same is free and clear of any lien or encumbranrx: ar•d that Mortgagor will warrant and defend the
<br /> title to said premises against the claims of all persons whomsoever.
<br /> To pay irmrtediately~when due and iiayable all general taxes, special fazes, special assessments, water charges, sewer se:-v-
<br /> ics~ charges, ~*td other taxes and charges against said properly, and alt cares levied on the debt secured hereby. and to furnish the
<br /> Afartgagee, upon request, with fhe arigfnal ar duplicate receipts therefor. The Mortgagor agrees that them shaft be added to
<br /> each monthly paytnent required hereunder r;r undc-r t}re evidence of rlrht s---R-un•d hFri<by ar. am<.unt estimateri by the Mortgagee
<br /> to be sufficier,e fo enable. -the Mortgagee to pay, as they became due. all taxes. assessments. ancf Similar charges upar. the prom-
<br /> ises subject thereto: any deficiency because of the insufficien=~y of such additional Qayment=: shall he forthwith depceaif<•d by thi,
<br /> Mortgagor x~ith the Afortgagee upon demand by the linrtKagre. Ar. ~~ rirfaait sender this paragraph ;hall b« deemed a default in
<br /> payment afi taxes,- assessments, or similar charges requimd hereunder
<br /> The Mortgagor agrees that there shall also be added to rack monthly payrnent „f principal anri interest required hete-
<br />~~ ~nrier an a,nount estimated by the Mortgagee to be stdficient to enable eh<• 4fortgaKee ±~, pay- as it lrecomes doe, the insurance
<br /> pr nium ;,n any insurance policy deh.a*ed to the Mortgagor 4n} ir.hc ct l,c au-- f t}.e in u--iciency of such additional par-
<br />~ar m is !salt he forthwith dapositetl by the Mortgagor with the 'tortgage -, noon demand by the Mortgagee Any default under this
<br />:S
<br />t parshraph shall be deemed a default m the payment of msurance pr.msums If the pahc~ , r pnc~ses dFpo,itrd are such as humr~
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<br />~ owners or alI risk Fx>licsrs, and the deposits are snsuffireent tr, ;, - +ne vn}: n' ,• -.... -..... tF:v 3...,~g,.ge.~ :, y apply the deposer to
<br /> pay premiums nn risks required to be insured by this morteage.
<br /> Payments made by the Mortgagor under the above paragraphs may. at than option of the Afvrtgagee, he !~~ Gi 3,y rt and
<br /> n~,mmingled xifh other such funds or its own funds fur the payment of such its:n~- anal until su appled, such payment. ar,- %~erehv
<br /> pledged as security for the unpaid balance of the mortgage indebtedness.
<br />
<br /> To pruc--are, deliver to. and maintain (ar the benefit of the Mortgagee during the life of this mortgage original fx,licirs and
<br /> renewals thereof. deliverrvi at teas4 ten days be tore the expiration of any such policies, insuring against fire and other insvrabto
<br />- hazards, r~sualti_s, and cc;rtingrncies as the Mortgagee may require, in an amount ?-{ual to the indebtedness secured by this
<br /> Aturtgage, and in companies acceptable to the Mortgagee, with loss payable clause in fav„r o£ and in Corm acceptable to the Atrrtga-
<br /> gea. In the event ary policy is not renexc-•rl on or before ten days ,~f its expiration. the Mortgagee may prcxure insurance un the
<br /> improvements, pay the premium therefor. and such sum shall 1?ecnme immediately due and payable with interest at the rate set
<br /> forth in said note until paid and shall be secured by this mortgage. Failure on the part of the Mortgagor to furnish such renewals
<br /> as are herein required err failure to pay any sums advanced hereunder shall, at the option of the Mortgagee. constitute a default
<br /> under the terms of this mortgage. The delivery of such policies shall, en the event of default. rnnstitate an assignment of the un-
<br /> earned premium.
<br /> Any sums received by the Mortgagee by reason of loss or damage insured against may he retained by the Startgagee
<br /> and applied toward the payment of the debt hereby secured, er, at the option of the Mortgagee, such sums either wholly or in
<br /> part may be paid over to the Aorggagor to be ysed to repair such buildings or to build-new buildings in their place or for any
<br /> other purpose or object satisfactory to the Mortgagee without affecting the lien on the mortgage for the full amount <rc•ured here-
<br />.
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<br />by t>Pfore such naymrn- _-_- -__. ,. ___,
<br /> To promptly repair, restore nr rebuild any buildings or improvements now ur hrreatter on the premises which may be-
<br /> come damaged or destroyed; to keep said premises in good condition ancf repair and free from any mechanic's lien or other lien ar
<br /> claim of lien oat expressly subordinated to the lien hereof; not to suffer or permit any unlawful use of or any nuisance to exist nn
<br /> said property nor [o permit waste on said premses, nor to do any other act whereby the property hereby rnnveyed shall bernme
<br /> less vaiuabfe, nor tv-diminish ar impair its vahae }iy any act or emission tr, act-, tc. campfy wit'r, ail r,=quiremrnts ,,...,w Witte r.=-rr•.-.t
<br /> to the mortgaged premises and the use thenvf.
<br /> That should the pt-~mi~-s <,r any part th2rec€ be taken ar damager! by reason of any public imprrv~emrnE er e=>nde-:nation
<br /> ...~,..~ting .,, under tt,E right of etnir~nt domain, or in any other manner. the Aortgagee shall br erti[le:d to all cumpx tasa3!ur~=.
<br />
<br />i awards, and any voter payment or relief therefor, and sbalt ae entitled, at its option, to commence. appear in and prrrreceite in its
<br />' a:5`#In name any of X34:1 VF fxsix~+•-vii~a~, ,r is ~~ns ally C:a'uyrv -.fig ~=iw2m~;:t E: tl:' A- ~C _ ~;r ..en:~s. -. - ~..
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<br />- -~ zsr# a^>~ tn~.~r-$-= -t~~a~ a $!„P^ri f .ham ti.SU.t„'~~~. '~1~ .a.~~', at*xr a~-1-~,. ~n
<br />3f
<br />~iioh:~i_arsa. -dY.~ST-°., -is"a-'.t
<br />_ therefrom all its expenses, release any moneys so received by it or apply the same on ar,}• indebtedness secured hereby. The Mort•
<br /> gagor agsew to execute- such further assignments of any compensafivn. awards, damages, and rights of acticsn ant) proceeds as the
<br /> i
<br /> re.
<br />Mortgagee may requ
<br />- That in mar of failure to perform any of the covenants herein. the Mortgagee may do ran the Mortgagor's behalf everything ~y
<br /> sn covenanted; that the Mortgagee may also do any act it may deem nec,••ssary to protect the lien thereof: that the Mortgagor wilt
<br /> repay- upon demand eny moneys paid or disbursed by the Mortgagee for any of the above purposes, and such moneys together with
<br /> intareat tharean at the rate prrnided in said Note shall become so much arlditionai indebtedness hereby secured and may lte in-
<br /> eluded in any decree €oreclvsing this mortgage and be paid out of the rgrtfs nr prebeeds of sale of said premises it not otherwise
<br />_ mid; that it shell net be obligatory upon the Mortgagee to inquire intd~the vatidit. o[ any lien, encumbrances, or claim in ad-
<br />herein contained shall be as requiring the Mcrtgagee to advance an
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<br /> am~reya for any such purpoes nor to do any act hereunder; and that Mortgagee shall not incur any personal liability because of any-
<br />. thieg-it-stay do ar tttnit.to do hereunder.
<br />- - - -In the event of-4tle default by. Mortgagor in fhe-payment of any installment, as required by the Note secured hereby, or
<br />in the performanre of the a}bligafion in this mortgage or in the note secured thereby, the Mortgagee shalt be entitled to declare the
<br />- ~- debt stared:hereby due and payable. without n9ticr, and the Mortgagee shall be entitled at its option, without Holier, either Ay itself
<br />~sr Uy a-tver i~ f;e appuint~l by t'r.;s s:latt-l°.e=~rf. d xYhvut regard to ifx atl€~ttacy of any ttrity frsr the irtiteblr d^~-
<br />-
<br />Gured ltl~toy. tr eii£er ttpan told take ~aion hf tiie marigaged_preiniaes, and tYr collect and re~fve the rents, issues anttdsrofis
<br />thereed;~and'applythe same; Jesb trost~s of otieratiorl andeollectiott, upon the" indebtedness seccxred by this mortgage: said-rents,
<br />laves atsit:-prfltita3i®ittg#sarebgaagigned to the ;41<rrtgages.a~t further se¢itrity {or the payment at all indebtednes, seourc~rl hrrnby-
<br />The ft~artgageeahatl have t?te power to-appoint any-agent or agents itmay desire for the purpose of repairing said prem-
<br />ices: ranting the smite; entlecting the rents. revgntteS and.inecrr:r, artd t_tney pay out of said income all expenses incurred in rent-
<br />ing and. managing i}te same: and 9f collecting tEie rentals therefrom. The balance remaining, it ally, shalt be applied toward the
<br />dia+:harge ref the mpttgage lndebtetlneettt.. This assignment fs to terminate and become Wait aml-void-upon release of this mortgage.
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