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THE. MQRTGAGOR FURTHER GyD'V"ENAIVTS- AND AGREES: ,,
<br />, ~lu'~ ~. ~ G~,4'
<br />That ithe h~',rrra~a'r wllt pay thq indetrtpdplss zis ';erafn~befare pr<widgd.~i~~ .~
<br />- That the Mortgagor is the owner of said property ~in fee simple and has good right and lawful authority to sell and
<br />- convey the same aau that the camp is-free and clear of any Iien ar encumbrance; and tfrat Mortgagor will warrant and defend.tiie -
<br />title to said premises against the c}aims of ail pgraons• whprnsoevac. -
<br />Ta pay lrnmediafely when-due arid lrayable a}l genets!-faxes, special taxes, special assessments, water charges, sewer sen•- ~ --
<br />ice charges, and other taxes and charges against said praperty, and alt taxes levied on the deb! secured hereby, and to furnish the
<br />hSortgagee, upon request, with the original or r~upticatc receipts therefor. Thr• Mortgagor agrees that there shalt be added to - -
<br />each monthly payment required hereunder or under the evidence of debt srcumd hereby an amount rsfimated by the boo rtgagee
<br />to be sufficient-~:o enable the Mortgagee to pay, as they become due, al{ taxe_a, assessments, and similar charges ulxin the prpm• --
<br />ises subject thereto; any deficiency because of the insuficiency of such additional p5yments shalt he forthwith deposited by the
<br />Mortgagor -with the ,:Mortgagee upon demand by fhr biort;;ager. Any default under this paragraph shall br deemed a default in
<br />payment bt` taxes, assessments, nr similar charges required hrn•under-
<br />The M<yrtgagur agrees that !here shall also Ix• added to each monthly paymer.L of principal and interest required here•
<br />r~r_ under sn am<wnt extimstcvl by the Mortgagee tr t~ su9'icirn! f+r rr,ably ihr ti4arigagee to pay, as it htrttmr•s due. the insurance
<br />~'" premium an any insurance policy delivered to the Mortgagee. Any deficiency because of the insufficiency of such additional pay-
<br />relents shaft tx~ forthwith depa.ii+•r! by the Mortgagor with the Mortgagee u[~n demand-by fhr Mn,-tgagee. Any default under this
<br />paragraph shall ere deemed a default in fhr payment of insurance premiums. If the policy or policies drposrtel are such as hrrmp~
<br />owners or alt risk txrlicir-,. and the depo~iis are insufficient to pay the entire premium, flies Mortgagee ma;: apply the deposit to
<br />pay premiums nn risks required to tre• insured by- this mortgage.
<br />Payments made by fhr Mortgagor under the about paragraphs may, at fhr option of the :Mortgagee, br held by it and
<br />t commingled with other such tt.mds or its own funds for the payment of such iteans, and until so applied, such payrrrur•..e:r hrn•by
<br />~ pledgwi as security for the unpaid balance of the mortgage Sndehtedness.
<br />Tn pra•ure, deliver tu, and maintain !or the tx•arfit of fhr lfurtgager during the life of this mortgage original p<;~~~,e~s and
<br />renewals t.herr•ui, clatter red ni ie+ra i. leas tines ixriurr ihr rxr•i, <.,.n cf a.-.~ -....'~ .,°r,.:ea, .. fire ...rid ^ther _ ~rat,ie
<br />hazards, rnaualties, sod c„ntingencies as the Rfortgager may require, in nn amount equal•ta the indebtedness secured by this
<br />Mortgages, and i , t=rampani«=s accrptaMr to the llortgagr•e, ,+itb tos= payable clause in fav+:r of and in form aveeptahlr to the ;~4ur~a~
<br />gee. In the eve^nG any policy is not n•nrwad on or tx.(o rr ten days of its expiration, th+• Mortgagee may pnx•ure insurance on fhr•
<br />improvements, pay the Pn•mium therefor, and such ,um shall hec::rtr immectiatrly clue and {rayahle with inlrrrst. at the race sa•t
<br />Ivrth in said note until paid and shoal Ix, ,reared ray this mortgage. Failure nn the part of the Mortgagor to furnish such renewals
<br />as err herein required or failure to pay cloy sums adva^ced he rrunder shall, at the option of the Mart gager, rnnsti4rte a default
<br />under the lercns of 4his mortgage •['fhr <trliarry .r{ -u.--h pwfieie. shall, in thm• event of default, rnnstitute an a-ccignment <;f the un-
<br />earned laremium.
<br />Any -sums recetvrd hp fhr Mortgagee he reason of loss .,r damage utsurert against may hr retained by fhr Mortgagea•
<br />and applied toward the paynu-nt of fhr debt hereby srr:uted, or, at fhr option of the Mortgagee, such _soms either wholly or has
<br />part may !x• paid over to the Mortgagor tr, be used to repair su.h buildings or to build new buildings to thrtr place ar far an}`
<br />olhrr purpose or object ctt isfsNory to Fhe :Mortgagee without a(E«+cting fhr hen r,n the mortgage for fhr f.+ii amount =u•curr•tl farce
<br />by treGxe such payment aver took plsce-
<br />To promptly repair, restore ur ref*uild any Fw ildings or improvements now or hereafter on the pre=m i.c•~ which map br-
<br />rome datnagatti ire drstruycai; to keep said premises in g«xxl ennditinn and repair and Tree hum any mechanic's lira or other lien or
<br />t•laim of t'trn not expressly su M>rdinstc•d to fhr hen hereof, not to aufTer or permit any uulawfut use of ar any nuisance to exist on
<br />said property our to tx~rmtt waste on said precast-ses. nor to do nny nfher set wherrhr fhr property hereby avnveced xhail become
<br />h;ss valuable, oar to diminish or impair ib+ rafue by any act or omission G, set. ,o tr,tnpty with alt rrqurremrnts crf taw with re-3p~l
<br />'T'hat should the prrn?tsrs or any part thereof tx• taken or dnrn:ngrcl by erason „( sn~ puhlt, +mprovemrnt ur cumletnnattun
<br />proreetitnr;, ur under fhr righl of eruineni d«.main, or in any olhcr manner, the bit=rtgngee .hail 6«- entitte:i to alt eamtx nsatinrrs,
<br />awards, and any other pagm?•nt •- r refit-( ti;errf+•r:.t n,! .ha#4 Fee entitled, st its sr{ttitrn, tx, rr«mmrn<w. appear in tenet pmaeeutr to its
<br />awn nanu~ any action ur prea•eeding, or to tnakr anY compromise or settlornrnt m n.nnritiun with such taking ur damage. All such
<br />ccarrpairaatiua, awerxis, damatf~s. right of aetirrn and pnx:e€ds are hereby assignarf to the Mortgagor, wht+ may, af`tei dedtieting
<br />tberefr±m at<lt its pxixmaes, rrhaae anv moneys sae recciced by it or ai>Piv the same ou anti indetttednpu secure=d #rereby. `#'h: Mart
<br />gWtar a%wep to rxaeuta sorb further axsigrrments of any eotutx•nsahun, awards, damages, and rights crt action and prcx•e•ecfa as fhr
<br />Martgagtte may rpquira.
<br />Thal ut case of failure to {,erform any of fhr revenant. barren, the Mortgagrv~ tnay du cm ihr 1lortgagor's behalf everything
<br />ao cavenantett; that fhr Mortgagee may also clo any' act it rosy deem necrssarv to protect the lien thereof. that the htcxtgagur will
<br />retyay Upnn demand any trtuneys pail( or di+tsu rsrd by the lfurtgagec far any of the ate+va pu rsx~as. and stash nu~n>t•ys tngpttier with
<br />#nterest (hereon at the rate pnrvided in raid nofe -shall tMa•umr s+, much addttionai in+#ehtr^+Inexs hrmb~ .trrurv•d and may #re in-
<br />cluded in anv decree turrclcisrng this mortgage and tx• patc# out o€ fhr trots nr pox`eedx ut ,:ate of .std prrmt.ra if nut athrrwise
<br />paid; that it a:rali not M+ otnigatory a{x,n the Mortgagee to inquire mro fhr vsfidtt}~ of any Iten. encumbrances, or claim in ae#~
<br />vancing moneys as shove authorized, but nuthmg herein contained ahel< be construed as requiring fhr Mortgagee eu advahce any ,r
<br />marrtaya for any such purpaae oar to do any act trrrpunder; and that Mortgagee shall curt incur any lx•raunal haMlety hecattae of any' ,
<br />ittiag it may des ar omit to du hereunder.
<br />}n the event of ilia default hY Mori%agur rn Tltf payment of soy i ~siattmrr,t, a. reyuir.:t hy- the 4ote sreu red tiereby. ae '~ -
<br />in the performance of fhr ahtigetinn in flies mortgage rr in fhr note xrrured Ehcmhy, thesMurt~ager -shaft tw entithcf En declare the
<br />debt zeeured #rereby due and payable witharut nttticf+, and the M14ortgagee rtlutl! bc• entitled at iti option, wtfhuut notice, either by ittetf
<br />or by a tt~iver to 6e apfw:nttd by the court thereat. and without regani W fhr adequacy nt any securfts for fhr indebtedness sr.
<br />cured Tiiitsby, to enter upon artd take txn3je•9siun of ttt~ tnortgagrd l.rrmfser<, atx# to collect anti receive the rents. isstirtr and {>rufrtx
<br />tttereaf,-tind_ap~}y the r~atrie, 4t~a c;u:t_ of uperattian and callec•tinn, upon tlar ac7'etrtt•rYnrr3 xs'currd try this mortgate; said rents,
<br />is+tttre Amt ptvtfita being hereby a~igned to fhr Ivt;artgagrr as further serertti° far the payment of sit indebtedness serurtiri hereby. ,,.-
<br />T#tr Mortgagee shat! have the lurwrr to apprxint any agent ur a%enix it may desires tar the purpose of repairing said prem-
<br />iaea; renting the same; coiieciing the cones, revenues and inc-amr, and it may pay out of said inMme sit expenses mattrrtd in rent'
<br />ttrg and managing the same and of ctsltecting the eantais fherelrom. The balance remaining, if arty' shelf br applied toward the
<br />di.r}targe of the marigaga #ndRbiQdnaaa.. Thu attaigttmpnt is to terminate and hecv,me null and void upon release of this martga%e.
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