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<br />T'tiE M6QRTGAGOR I'tIRTHER G'OVENANTS AND AGREES:
<br />~~:~rr Ii4~~•.
<br />,,
<br />That~the~"Mortgagor will pay~~the indebtedness a6~~hereinlrefprep;ovidod.
<br />'T'hat the Mortgagor is-the uivner of said property in fee simple and has good right and lawful authority to sell and
<br />r convey the same and .:rat the same is Cree and clear of any lien or encumbrance; and that Mortgagor will warrant and defend the
<br />11 title to said premises against _the claims of alt persona whomsoever.
<br />To pay immediately when due and-payable all generahtaxes, sfwcial taxes, atmcisl as-~essments, water charges, sewer sa'rv- -
<br />_ ire charges, and-other tszea anti charges against said property, and all taxes levied on the debt secured hereby. and to furnish the
<br />Mortgagee, upon reyueat, with the original er dupticate receipts therefor. The Mortgagor agrees Chat these shall hr added to
<br />rack monthly payment reyvired hereunder nr under the evidence of debt secured hereby an amount estimated by !br Mortgagee
<br />to Ire suffic:ierit tq enable the Mortgagee to pay, as they trrcame due, all taxis, assessmenta, and .Pmilar charges upon the prem•
<br />ises subject ttien~to; any deRciency bacaune of the insufficiency of such additional payments shall he forthwith rteposited by thw
<br />Mortgagor with lhr Mortgagee upon demand by the A4urtgagYe Any default nndrr this paragraph shall be deemed a default in
<br />r^te', payment of taxes, assessments, nr similar charges required hereunder.
<br />`K ?=he Mortgagor agrees that then= shalt also tx added to c=ash monthly payment of principal and inGrrrs[ required here- _
<br />under ar, amount estimated by the Mortgagee to 6e sufficient ri. enable the Mortgagee to pay, as it becomes due, Rte i Hsu ranee
<br />- premium tm any insurance policy delivered to the Morigagre.:1ny de ficirrcy tx•cause o[ the insufficiency of such additional pay-
<br />mgnt!: shaft he inrthwith deptisiterl by the Mortgagor with the ~tartgagre u{xrn demand ny the Mnrt;;ngee. Anv default under this
<br />paragraph shall be deemed a default in the payment of insurance premiums If the policy nr policies rirposke:d are such as hume~
<br />owners or ail risk twlit•irs, and the detxrsil air insu~cient to pay the entim premium, the Mortgagee rosy apply the depo:+it to
<br />pay premiums on risks required to tee insured try this mortgage.
<br />Payments made by the Mortgagor under the above paragraphs may, at Ehr option of the Mortgagee, lrr held by it and
<br />commingled with other such funds or its own funds &rr the payment of such items, and unfit so applied, such pstyment. era- hereby
<br />ple,tgrti as securi#y tot the unpaid P>alancr of flee mortgage indebtedness.
<br />- To procure. deliver to. amt maintain ftx the benefit of the Mortgagee during the lift of this mortgage uriginat pohr ;•-- and
<br />renewals thereof, delivered at least ten days trrLue the expiration of any such txili;aes, insuring against fire and other-insurable
<br />- hazards, casualties, and contingencies tis the Mortgagee may r-•yuire, in an amount squat to the indebtedness secured 6y this
<br />Mortgage, and in rv:mpanir; accr-ptahk= to the Mortgagee. with lox, payable clause in favor ~~{ and in form aeccptabie to the htcrtga-
<br />gee. in the went grey policy is nut n•ne~wed oa or tH_fnre i.•n day. of its expiration, the Rirntgagee may pr:x'u re insu ran:r «rn the
<br />improve manta, pay the premium then•Cor, sort Ouch Burn shalt 6ec:me ivvnediatePy~ due and payable witF. mteret at the rate set
<br />forth nr said nuts until paid and shall lx• .>,:cu n•d b; this mortgage. Failure un the tea rt r.f the Mortgagor to €r:rnish such renewals
<br />as are herein natuin•d ,rr failure t:: pay anv sum: arh~anr-eel tr.•r=•under shall, at the optiar, of the Mnr*.gagre, r•.~r..iitute a cic-fault
<br />under the tr rnrv of flees .ntnrtgage. 'Fhe drlicr n~ nt :u~t: {rr rPieirs ,hal}. :n the .•c.-nt of d;-fauPt. a.n~titutr an a~signme'nt ut ttt.• un~
<br />earned premium.
<br />Any sums received by the Mortgagee he reason ut lus.ti or rlamtrgv iro:vod against rosy tu• retained by the Afartgagre
<br />and applied toward the paymrni of the debt hereby secured, ur, of the optaeut •,( the Mortgagee, such sum. ait}ier wholly c+r rn
<br />part may be paid uvt•r hr the Aiortgagor to hr usrrl to repair such 6uiklings rr to buihl'new- buildings in ttrru place ur for any
<br />othwr purpose or object 4rttsfactory to rho Mortgagee without affecting the lion :rn thr• mar[gxge fear the Adl arno+int -r~ca r+=d here
<br />by before such payment ever took place.
<br />1'o pn>mptly repair, mstnre ur rebuild any builds rigs or improvemrnta nrrw ..c hereof""ter on the peem~~•s u-te i;•h maq !x=
<br />come damaged or dent ruywl to keep said premises in stoma condition and repair and fr+=r farm any mechanic's Iran nr other hen nr
<br />claim n( lien not exprerav.ly sutxxdinatrd to ihr lien hereof: nut to suffer ur prrruit unr untawfu_7 ~e of ur any sutearu-c tea es~ ~.,
<br />saitt t;: gperty nor ter tsrrmit wa-,~te i ,aid prrmwes. nor to du any other ar•t ~.rher.•Ly- the {rrv=t>s•rty h«r.•bv can..•vrrl -abaft ta-a~r~mr
<br />leas valuable -sot to diminish or impair its: valor by any' act nr omicciun to art ter enmtrP~ with cell r put-mr•nt_s r,f law with rrxta :•t
<br />is the mnrtgagrd premises and the use= titrrw~rf
<br />r •
<br />~l`hat ntlSrtttd tte.• preemwr•a r, nny pert t}rer<•ot tx° taken r•: datirag<•r1 by rru..ru r,t a.rs__ {.~ t±i.t rrupr..ra~n.aart - r -: aar:r:+-°°..r=rxiron
<br />~ p:rx`e=ailing, er undr^r flee rir.ht of :_minart mn.:r.::r to znti tether manna•r. thx• '4i:rriga,;ec• ,ha's1 ta• ;-rriiiic•;I t., rsj( 4.::mtknsatia:rs.
<br />awards, and arty other payment ur relief therefor, and shall be entitled, al its option. Ire c;rmmence.. ap?tiear in aril nnaaex~uta in its
<br />I'i ow~i name any acnon ur pec>z-reiing. or fn make- anc compromise nr settirtnment in r~rrnnrcti+~n with •rurh taking or rtamagr Alt sorb
<br />c€riipei3eatirin, awaitla, damages, right of action and pic>•i"ewda air= hereby assign'it fir the '«ft=rt~agre, whoa rsray, afkur dxxlac#srx#
<br />theerefrom all its expenses, rrlrasa• any moneys ao received by tt ae xpPly the soots un auy indeMednesa secured tuerchy. `f`lew Mort•
<br />gaigr attmea to exaettta such fwther assignments of any carntrensairrrn, awards. rtamagrs, and rights of anion and prtxetnls ,u the
<br />Mortgagrw may require
<br />That m caxa• of failure to prrfunn any of the cr>vrnants herein, the Murlgagre may do ern the \torlgagtrr•s behalf evrrythmg
<br />' as cxzvenanteri; thaE the Mnttgagwe may akso der any set i# nnat- darn ne•ct•<sary to protect the iii=n thr•rrof-, that the Mnrtgagoe wilt '
<br />rwpaY upnrt demand any moneys twit! or diabursecl by the ?14ortgagrr [or any of the ab+rvr purprrsen =urd suctr moneys Hrgrlhrr with
<br />interest thereon at the raft provided in said Hoke shall tn•r•ume so much a+Pdi4onal indrbtealnea._ hrrehv -srctirrd and may tx in.
<br />eluded in any decree foreclosing thin rnurtgage and la' pmd out of the trots or pnxweda of Hale of sold prenuse.r ii oat orherv.•isw -
<br />psid; that it shall met ht• otrtigatury utxrn the Mortgagee to inquire into the validity of any tiro, rncuumbrancr•., c:r claim in art- ;~
<br />vaneing mgneya as abgvva authorixeci. tart n>thing herein containwcl shall i><• construtd as teyurring the Mortgagee to advance any
<br />nianeya fqr any witch purkxasa oar to do soy acf hereuntlwr; and thsk Mc,rtgsgre abet! rxtt incur any personal iiatrrlity to-cause et anp• v"•
<br />thing it msY dtr or stoat to dr, hereutder. =
<br />_ in the' avast of lbw drfsalk b)• Storkgagar rn the pay merit of Any loofa#lnH•nt. as rrquirec{ by the Note SeCU red hereby, or
<br />- in lire pet#armanCt of the c~rligatinn in this nrurtgage .rr in the sate awcurwd thwretsy, the Mortgagor shall ha r•n[rtt.=d to declare the
<br />debt secured herehY else and payable without notix', and thw Mortgagoo atvkll hr entitled at its option, without nutu°r•, eether by itae:lt
<br />ar lsy a receiver tq hw appoin'-ed 'try the court thereof, and wittu gut rwgarrt ic, the adet}uacy rt any zr-•curity fr,r the ndehterinr•av +r
<br />cured hereby. In 8ilter upgn and take t~~-ien ~ the nrtrrtgagwil premi~•a, and ire ct+tlect and tome°eivs flee rentx, irzsuex and prsstita
<br />' thereof; an8-apply the same,-twos tors#s of at+wrstion and cotlettian, upon Ehw indehttvlnrss aecuawi by this mortgage; said rants,
<br />issues amt proRta homing hereby 9~igned to the Mortgngwer as furtlrwr swesurity far thw twyment of all indrbkrdnwsa sr. urea Iket~alty.
<br />The Mortgagee shalt haute the power to appoint any egret or agents it may desire for the purpose of repot ring said pmm-
<br />isea; renting flee game; ealhxMing the mots, rwvenuca and income, and it rosy pay out of aap# mcume a}I expenxea incurrcrl in rent•
<br />trig and managing the tukrae and of callectirrg the rrntaln therefrom. The balance remaining. if any, shad hr applied #oward the
<br />diaeharaw of the raq;tsage it~detrtedtkesa, Thia assignment is to terminate and become null and vgid upon releiise of this mortgage.
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