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THE MORTGAGOR I~"URT>:[ER COVENANTS AND .AGREES: a
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<br /> That the' Mortgagof- will, pay- the indebfedrt~s ashereinbefore provided. .
<br /> That the' Mortgagor-is the dwner of said property in ter simpPe and ha:; gcrxl right and lawful authority to se!! and
<br /> convey the same and that the-carne is*iteesad•elear o[ any lien or encumbrance;and that Mortgagor will warrant and defend the ,
<br /> title to said premises against the Claims of ail persons whomsoever:
<br />- To pa`y ~iritmediatefy when due and-payable alI general tare"s, special faxes, special assessments, water charges, sewer serv- -
<br /> ice charges, and.othe'r taxes and charges against said property, and all taxes levied on the debt secured hemhy, and to furnish the
<br /> Mortgagee, upon'tegti2st: with the- 6rfginat-ar duplicate receipts ibere(nr. The Mortgagor agrees that there shaft he- addod'to ~- - --
<br /> each monthly payment required hereunder ur under the evidena• of debt secured hereby an amount estimated by the Mortgagee
<br /> to, },.. sut$cienf to':enablE the-. Ti+Tortgt;gee to paY, a5 they become clue, all taxes. assessments. and similar eF.arges upon the prem-
<br />-~ ~ ices subject khereto; ariy-deficiency because of the insutficienoy of such additional payments shalt be forthwith rfepositetl by the
<br /> Mortgagor with the lbiortgagee upon demand by the Slorlgagee. Any default under this paragraph sha{I he deemed a default in
<br /> payment of Laxes,assessmerits, nr similar charges requireri hereunder.
<br />~ The Mortgagor agrees that there shat! alw be added to each monthly payment of principal and interest requiter} here-
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<br />w/ tinder an amount estimated by the ,''dartgagee to 6e sufficient to enable the Iliurtgagee t pay, as it becomes due. the +nsurance
<br />Q premmm on any insurance policy delivered to the :vfortgagee..Any deticirn<:y becauva• of the insuffir.iency of such additonal pay-
<br />! mt'nts shult he forthwith depruitrd by the Mortgagor with the llortga6ee upon demand by th«~ Mrrrtgagce. Any default under this
<br />t paragraph shall be deemed a default in the paymen*. of insurance premiums. If the t>oliry or txrticies deposited-are such n~ tn~me-
<br />- Q1 owners or alt risk pr.!iries, ar~d the defwsit++~ are insufficient to pay the entire premium, the Mortgagee may apply the delxtait to
<br />h pay premiums on rt~ka requin'd to be insured by this mortgage.
<br /> Payment' made by the Mortgagor under the above paragr<tiths may, aF the uptt+.r. of the ;Mortgagee, he held by it sort
<br /> commingle:i with other such funds or its own funds for the payment of such hems, and until so applied, such payments are hereby
<br /> uledeed as security fur ttte unuaid balance o[ the mnrteaee indebtedness-
<br /> To prr>LUre, deliver ta, and maintain for the benefit of the Mortgagee during the-Irfe of this mortgage anginal pahcies and
<br /> renewals therc>titf, deliv,%r~] at lees[ ten days t>Edore the expiration of any such policies, insuring against fire and other loss cable
<br /> hazards, casualties, and contingencies as the Mortgagor may require, in an amount equal to the inde4rfedneas secured by this
<br /> 1vlurigage, and in comlaaries arm--epW-bike t,~ the' 11r,rLgagec, ,.ith Ins payable rtau.;n in [avor of and in (rent aa-,r,~tstahie• to ihr ~SorYt;a-
<br /> gee. fn the event any policy is nut renewrxl alt ur kx-fixe ten nays of its expiration, the A3ortgugee map prra•ur> utsuraucr on the
<br /> improvements, pay ttte premium therefor, and such sum shalt }r4c~*me immediately due and 1>ayahie with trtere•st at thee re4• art
<br /> firth ir'r said note until paid and ;hall hr> secured by this mr:rthage Failure on the part of the Mnrtgagr.r to furnish such rc>nrwals
<br />' as are hereir= required ur fatlu re t:, pay any' sums arlvaneed t?~reumter :hall, at the optron .af the 4inrt;,•agrt=, t•-,ntitute a ,!efau'r
<br /> under the terms of this mortgage- The delivery u( such pubeirs shall, m the ev<>nt of riefautt, vonstitute an assignment of tht~ um
<br /> earned premium.
<br /> Any sums n•ceiced by the Mortgagee by reason of loss nr d:unage insured against rosy he retained by the Aiur[gaxee
<br /> and applied toward the payment u( the debt herYkty secured, nr, at the option of the ~1 r.rtgagee, suet: sum, etthev x~hosly err in
<br /> part may be paid ororr to the Mortgagor to }x> used to repair such holdings m~ to build new builflings in their place ur far any
<br /> ,•Fk.,~ rvurr+.-.,i.= or obtfrt :-;aft-Ear,2_erv ru rite i4=.s?2xa:xrr wtthttuE atTecutt~ the i Nn ten EFsr-+Fio; tgagr late t},Y full a,Fy.n.^.f zY.-u ^•,_t F•v=re-
<br />' bk- t*efrrre 5l<-h pavment e4'er t<sik placr-
<br /> 'Pu promptly repair, rr'store ur rebuild any huiidint;+ ur unhr.,,~ements crow ur hereafter un the hrrmises which may t>t'-
<br /> eame d¢n=.afied Ur a-sr.,,v.st: '_ `..-- a ,.rfrr ...z. ..,. - ° .._..,:.rz .:~,..:. r.;,.,.a , ,e = .s
<br />.._--.. __. - in - ~ °_- .r--,i• he :. ;t#s~--r :,en r
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<br />' Llic° ltefl lierY .f, t?.+F F:t `;u ffer <,r iY: PF??ti 7i?`. i+.niawful iiiiz" .
<br />.-er a7r i' F±Vi:iLnCr ti ~xi3t sn
<br />claim cif teen nnE cAprea£rl}y ~iE}az:Fd[naterl E.f
<br /> y2f€I pr'?pt°SV n='C tr. p€Y r:t}tt r'~:'x.. ran a~,d peen:-i;ee~, n:•. to+,t•+ Rl:, step;-, 3a_ .-i.t.rt^k~ ,... l.r••t-rt'rl$ 4t••.: Ft}- a -:.,-`,'!'£1 Shalt =tpf _!?t?
<br />' lr£aa ;•altiahle, nisi it, drmin.<tr .:: 'ref r ! t`.S' as _. ..e.:.. ...:,.. ... . , i..; .... ~....., !. ..r ..!! .:-za... r~m+'...-; .,f law ::ftir fY-g, ,~i't
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<br /> to the martfiaged premises and the use thereaf-
<br /> That should the prentiw>x ur any hart !hereof F.• raker t,r rhenwged by navun of :ut~' puhls m?provr>na•nt nr cundetr,nat,.ut
<br /> proceeding, ar undr>r thr• ny;ht of rm,ncrnt Jnnsain, ur to ,my r~thce mxtnn,~r. th.~ ~1~~rl Magr.~ .hall h.~ caittlrd to .ell cumpa•osuiruru,
<br /> awards, and any other payment or relief therefor, and shall br entiUcd, at its ~tption, to crtmmrnre. appear in and prtx3ecnEa in ifs
<br /> own name any action ur prat erKiing, or h, make any rumpromisr or setdemenl ir, ry-,ntrra-Yi,rn with such taking ur damage. All such
<br /> eampansatian, awards, damagew, right of action and prtx:recla are hi•rehy assignrvt to the Alurtgagee, ,. hr. rnat•, after rledurting
<br /> therefrom at) its expenses, release any moneys so received by it or ahpty the same un any indebtedness soured irerekxy `t`he Mort-
<br /> gagor agrees to execute such further aasignmenta of any ronrpenscft,.,n, a,v»rda, dam»ges, and rrshis of action and procrf+rls a» the
<br /> Mf>rtgager ntsiY esquire.
<br /> "That in u~ase of failure to irrdnrm any of t},e r•ovr>nants h.•rein, the Mortgagee fray do on thz Mortgagor's b.-half r~.~erything
<br /> so ruvenanted; that the Mortgagee may also du any act it may deem nf>urstwry to pmtrci the ben thereof: that thr• i\Sortgagor will
<br /> arpay upon demand any moneys paid or distwtsed by the Mortgagee far any of the ahr+.e purireses, and such moneys tcgetlier with
<br /> intareat theroon at the; rate prmtided in said note shall becuatzm so mucte additional indel,fe=dnest hereby° secured and may be in- -_
<br /> aludcei in any decree foreclosing this mortgage and ix• paid out of the earls or ptfxertls of safe of said premises it not otherwise
<br /> paid; that it shall not be obligatory upon the Mortgagee Lo inquire into the vstid,•ty rvf any tiro. encumhrenees, ur claim in ad- g
<br /> Vane'sng maneya etc above authorised, kwt nothing herein cun#ained shall- be sons#rued an requiring [fee Mat'#gagrr~ to gdvanar any -. ,
<br /> rresnf:ya ftjr any stECh geurpase nor-Lu do any act hereunder, and that Mortg: abaft no4 incur any Prr~,na1 fialility hccauxe of any- ~. ="
<br />' tlsttfg-it rrutY flo QF orrrit t4 ftlf he7eUtide[.
<br />- Tn the event of the default. by Mortgagor in the yaymont of any installment. as rextuired try the Note secured hereby, nr
<br />in the performance of the oh{igationin this mortgage nrtn t}ee note secured tlrerebp, the 161ortgagr~ shall be entitled to declare th-
<br />rlalrt aecttreri-hereby due and payable without notiCt'. and the Mortgagee shalt t>e entitled ai its oration. without rer+tice, either icy itself
<br />or by a receiver~to--Lx. appriiiited by the court thereof, and-without regard to the adequacy o[ any stvvrity for the indebtedness se-
<br />cured ~r. tti"erter ttptrn sled take pt~.kedsion' the rtiartgaged premiseg, and- to t`tslleet and receive the :rots, issues and profits
<br />thereo4; skid aPPjY tire-soma;,lr~s teats of o~rsticsii seed catlection, upon the indebtedness sccureri by thin mortgage: said rents.
<br />isstr;`adrid prir~rts'lieing hereby-assigned to the Mortgagee as further seetirity for the payment of all inlehtedne.s >.e,•ured hereby
<br />The Mortgagee shalt have rho.power to appoint any agent oe agents it may desirn for the purpose' of repairing said prem-
<br />iep; ranting. the; Same;- cullaCtlt71;:..the rents, fevenuea and income, and it may pay out of said income alt expenses incurred in rent-
<br />ing and managng'fhe~~sama serf ~ collecting the rentals thezefrom--' The balance remaining, if any, shat! ter applied toward the
<br />discharge of the mortgage indebtedness. This aasignrnent is to terminate and beC~.me null and vuiA upon release of this mortgage.
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