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TFfE MIDRTGAGOR FURTHER. GjUYENANTS ANI} AGREh~+"'~,,G
<br />'f~i~~tt.,rri,~i. '..
<br />Thai that R3wzrt~a~or will pay~he mdeihtcdnrtaa as~~~#a`erei}tt,efurr provtdnxdl till i .
<br />That the'~Morcgagor is t'he owner of said property in fee simple and has good right and lawful authority to sell and
<br />convey the same-and that_.the saiaeis Prrze• and clear of any lien or"'~er+iumb~ance;'.an3:'that.Martgagoc will w,grrant and defend the`.-. '
<br />title to said premises agaitiaf~the claims of art-per+wna who~nsaever. - -~--- ~` -~- ~. ~ - - ~ _•~ ~- -~ ~-~-
<br />To pay~iftatnediately when due oriel payable ail_geneial laxccs,'-specia#-taxes, special assessments, watercharges,-sewer sere=. -'^
<br />ice charges. and-other taxes and charges agate-st said property, and al! taxes levied nn the debt secured hereby, and Lo furnish the
<br />Mortgagee, upon"t'etjur,st, vaith'fho'rzriginai. or'dtiplicaie receipts tlrerchor. The Mortgagor agrees that there s#iait b`e'adder]' to;" °. -
<br />each monthly laayment required hereunder or under the evidence of debt secured h?rehy an amount estimated by the Mortga&ee
<br />to be sufficient ~r er+ab#e' the Mortgaigee to pay, as they become clue, ell taxes" assessments, and similar charges upon the prem- " '
<br />isms s-ubjetrt them+to; arty i#efieiency br~cause o[ thz irisutficiency of such additiotiat payments shall be forthwith deposited by the -
<br />htorlga~ot with. the Mortgagee upon ck•tnand by the Mortgagee. Any riefault under this paragraph shall tze deemed a default in
<br />- ~~~rrrq~~~,,Ayyy4 payment af- taxes, -assea'smentn, or similar charges required hereunder. - --
<br />-- ~ The Mortgagor agrees that there sha}I also lx> added to each monthly payment of pnncipal and tntrrest. required here-.
<br />under an amaunt'estimatud by the Mortgagee to big strHicient to enable the Mortgagee to pay as it becomes due, the insurance
<br />.. ~ premFUm on any insurance policy delivered to the Ivlortgagee Any de6eienr•y because of thc• tn.ufficte z u~ such a<Jdttimtal pay-
<br />`tnet-.ts shall Jxr forthwith deposited by the Mortgagor with ?he Mortgagee upon demand by the Mortgagee. Any default vndei this
<br />paragraph shall be deemed a default in the payment of insurance premiums. If the policy nr policies deposited are such as Mime-
<br />uwners or alt risk twlicies, and Fhe deposits err insufiicient to pay the entire premium. the Mortgagee may apply the deposit to -
<br />tray Premiums on risks required to M• insurrvi b}• this mortgage.
<br />~ Payments made by the Mortgagor under the xbave paragraphs may, at the option of the Mortgagee, be h;-Ed by it and -
<br />ecrmmingled with other such funds ur its own (nods for the payment nl such items. and until so applied, such payment. ,u~r hemhy
<br />pledged as security for the unpaid balance of the mortgage indebtedness.
<br />To prcx~ure, deliver t+.. sod maintain fat the heneht of the Mortgagee during the life of ibis mortgage original poGc+rs and
<br />renewals thert~f, dehverrd ~t teas irn days txfom the expiration of any such pnticies, insunreg against fire and other insurable
<br />hazards, casualties, and contingencies as the Aortgagee may require, in an amount equal to the indebtedness secured by this
<br />Mortgage, and in companies aareptable to the it4ortgage+•, with loss paya4lc clause in favor .,f and in form aceeptablr to the ;•tortga•
<br />gee. In fhe event any policy is oat renewetl un or brsfnre ter. days of its expiration, the Mortgagee may irrocure insurance on lhr -
<br />- imnra,,.,mentz pay tlae arem;,,m ?hererur, sad s„rh su.,, .ball t..,.~,,..,.. ,+.,.n_ri;n+..ty rJt.e arty! n_trle with .ntrr.°st , 'tom .o,. set
<br />furtla~in said note un,il pat<i and r;ba^ lx-cured by this nuutgag<• F'ailur un the part of thv tiiortgagnr tv furnish such renewals
<br />as are herein required ur failure to pay any sums advanced henvnder shalt, at the option of the Mortgagr>e, cunstit utr a default
<br />tinder the terms of thin mortgage. "I'he drliverv of such puGcirs sh:dl. Fn the event of default. a+nstitute an assignment of the un- _
<br />earned premium.
<br />Any autos rra•ive;t by the At urtgager by rrawm of loss nr damage insured against may tx• reteWwd by the \(urtgagee
<br />and applied toward Fhe payment of the debt hereby sr+>ured, or- at the option of the Mortgagee, such sums either u=holly ur in
<br />part may ire paid over to the liurtgagor fu be used to repair curb buildings or to huild'nww buildings ut their place or fire any
<br />other purptrse cr abject satisfar#uty to Fhe Mortgagee wifhuut affecKing the lien on ihr° mortgage for the £uti amount =ecvred hi=re. -
<br />by he(ure curb payrnrnt aver ta+k place.
<br />Tu promptly repair, restore ur rebuild any buildings or tmpnsrmrnts ao,. ur hvreaffer on dye premises which may hr" -
<br />como damaged or destroyed; to keep cater premiers in gcx,d rondi lion and repair and leer (ram any mechanic's lien or other lien or
<br />claim of Gen not expressly subordinated to the lien hereof. not to su~rr or 1>EVmit any tmiawfui use of or any nuisance to exist an -
<br />said property Woe to permit waste on said premiw>s, oar to do any otheer set whereby the prupe rty harreby c+»rv++yrd shall tz<•romr
<br />toss eatuatats}, oar to diminigta ar impair its ialue tzy any ae# ,.-.r smite';:on #.-+ ac#: t<+ :.+ri-+pty w=ifh rRl requirements .of law w-ith respe<`t -
<br />._ .sy~..« .~+nwP~A l,rrmi.+rs and the use thereof
<br />That shuutrl the premises rr any part thweof Fx• take=n +,r +tamag.~i by rra~on nC aa. public lmpn,rrmrnt or cnndemnatrc,n
<br />- pi_ -soling, or iutder the ragttt .;( eminent do-main..• env ntL?er maWner. ter it.,ttg„gr. +hait b+• e r-tf:n t„ .art ,.,m~zrnsr;?a<aaa±,
<br />awards, end any other payment ar relief there(ur, an;f .half br emitter#, at its opiiuW, to eornmenee, apps-ar in art<i prttse~rttii in ila
<br />' awe n:.Yne any aztian a€ firzK°w itlFnz'y, G€ Fi: make 3tv` i=i;mp€n€ri£9:' i.€ 3>=Ft#r€n?zit 4z, .tinny-i'ttnrt iv'ith ~t)c`.b ia~filrij~ _-€ :iairi3~~, e''Sti ~tie~ -
<br />- €xrnr~nifntiun, atrar:rs-. ~_-, right of aeri.,n ay: ~~--'- ~r<• hereky a~g-.mod t. _~ Murtgag~a, w#tu r~><. €:.r 'fie-t=om
<br />_. thersfrrm art itx_ experwcw. re#ease any memeytt scr rrreivexi t+y it aC a~apfy !_tte flame. am arty ind^b~ner« ser~ured. 3 ±•re~~_ T1r~.Ai~i_.
<br />gagor agrees to exeeuta such (urttarr aasignmenLs of any craaapc+nsrtu:m, awar:ts, damage•x, aril rights of artu~n arrrt fprx-irer#a a# the -.
<br />- Mortgagee may aroquire. _
<br />That in case of Failure to {zrrkarm arty Wf the cove=Want,. ter-r.•ui. it++~ M+,rtgctga•e lnay du un the Mortgagor s behalf rvercthing
<br />sn uovarranted; that the Mortgagee may also du any ac•t it may deem narrsarary t+: prWlrrt ihr hen thereof-, that ihr Mortgagor will
<br />repay Upon demand any m+sneys paid or disbursed hv- the Atortgagre fur any nt fhe above purposes, and such moneys tWgrtfier with
<br />interest thereean at the rate provided in staid note shall Ftecame so much additional inrlebtrdnesa herr.hy srcurrH# and may he in'
<br />eluded in arty decree Corecloaing this mortgage and hr !raid out of the rents or preace eels of sale nt said premises if nut utlaerwise -
<br />patd; that it shalt nut br uhligatnry upon the Mortgagee to inquire into the validity ut any lien, encumhranc+•s, „r chins in art- ~+
<br />vanesng moneys as above autharixed, Auk nathirtK herein eantainrdd shall Ge aunstrued es requiring the Murtgsgrr to advttneP any
<br />moneys for any eueh purtxrse oar to do any act hereunder; and that Mortgagee shelf oat incur any prraunai liahtlity hrcaytie of any- ~+,?
<br />thltig it maY do nr atoll to <io hereunder. ~'°
<br />In the event of the defau#t fry Mortgagor in the payment of any installment. as require r# by the Nut¢ svcur~>t# hereby, or
<br />in the performanco of the o6Iugatinn in this mnrtgagr ar in the note secured thereby, the Mortgagor chalk tw• entitled to declare the -
<br />d@bt aeCitres# hereby duo Arad payable without nukite, and the Mortgagee shalt t+e eaftitied at its Wptiun, without nafi[e, either by itaeit
<br />nr" by a receiver ttr 6e-appointed by the court thrreoF, and-without regauri to the adequacy nt any security for the indebtedness ae- _ -
<br />ca~rad hhy, to eii#ra upon and take p~+~><ati e[~ the ttaortaaeed prerriisea, and w cntirrt a d re~w+iv the re*ti~ ~~~ land '~rpft
<br />tt+.et~..~ h ar,~ty Ll.p ae1t±=+ f:Fs t• of _pPrtt~t± a,,.i coit~t= n, „m ~t~ tr+e~ehtect-~~ ~,.., tad bf +hf .. :± t _aa: a°~ rswr~.
<br />iastiet+ and prn~ta #seinghereby antigiirtit W the Mortgagee a+t further a+rurity far the payment u( all imiebtedneea sta•ured Isarehy.
<br />The Mortgagee olio#I have-the power to appoint any agent or agents it may desire for the f?urprxtr of repairing said ptrm-
<br />isaa; renting the alma; cotleetiny !tae rents, revenues and income, and it may pay out of said income a#t expenses incurred in ret,.-
<br />ittg and managing Fhe wme~and of crdlecting the rentals thrretrorn. The balance remaining, if any, shah ha applied kaward the
<br />dixharge r1f the mortgage indebtedness. Th#a assignment is to terminate and #recamr null and void upon release of this mortgage.
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