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TL•t1: MORTGAGOR FUIt'i'IIER CQVENAAT~'AIvD ~AGHEES:
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<br />That tl+a Mortgagor. will pay the (ndebivdisRS~t as heprinbefore pzrrrided..
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<br />- That the Mortgagor is the -uwrrer of said property in fee simple and has good tight and lawtuf authcrin to ,cif and
<br />convey the sauce and that the same is free ard.t-lear: of any Herr„or ertcumbrance; and chat Riortga6~~r will warrant and defend the
<br />fide to said premise, agairst the claims of alt persons whomaoevr. r. -
<br />Tn pay immediately when riue and payable ail general taxe3, special taxes, special a. _a~menis. walrr charges, sewer <_en~-
<br />iee chargns. and other ffixes and charges against said prepe etc, and alt ta. e; levied on the drat .e-~ u: ed hereby. and tr. tumisF. the
<br />tfartgagee, upon request- with the original x duplicate receipts theref.-x. The 'Lfnrt~agnr agrees that tfi+•r«= vha11 }re added to
<br />each monthly payment required kereunder or under Yhc evidencs c>f derot secured `nPrrb-y an zm =uns estimated by the '\SartgagPN
<br />L~ to he su$cient-.to enable.-t7ie. Mortgagee-to ;ray, as they become due a!I faxes, at -ssmcnt<, ant! .amilar ebarges uprm the Pmm-
<br />ises subjeN therntn, any deficrencv tweause of the - u? den v of such r'ttional t a n ,<< -hat' he ( h . th depasiird by tF.e
<br />biorlgagar x-rLF the. ;.torlgake. +pon demand t-v tt \f or gee. An i r it a -h- par.r~reph h Ll t.• .rrrr.«-<! 2 dn(3u!t in
<br />payment of taxras, assecsmertts, nr similar charges req u+red her<~under.
<br />The Mortgagor agrees that there stxaU also be added to each monthly payment of pn nripal am! intert•st required isere-
<br />udder an amount estimated by the 'vortgage+,• to be sufFcient Vr enable the Mortgagee to pay. as it beeurres due. the insurazice
<br />} premium on ary insuranre polio r:eliverr-<i to the Mortgagee Any deficie~ney Loran-o nt the ir•.vaffice. net ~sf such additional pay
<br />f ments Shall br forthv.tth dtp _tf d ly t?xe Mr,rtgagnr .vtth thF \firrrtgage. ul . n I a :+ t_ th of ~ tya.. y d~fan7t under ttu=
<br />~ paragraph ,half Fx rieemeri fa It to tl:e payment of mcu ranee premum If the p,.k c . p I d.t. i rd are ~urh a5 Fn~mr
<br />ownets or all rsk Ix_ahctes, a,.d th_ depe>stts are insu~c*.ent to pay the entire prcn ta.,~, the t ,. rs.,; F+ . -3v at pky the d ,•wwsrt to
<br />pa}' premiums on risks rrquimd tr, tee insured by this mortgage.
<br />Fayments made try the Mortgagor under the above paragraphs mac. at the option of fhv Mortgagee, bo ne~!~! by nand
<br />commingled with other such f~.mds or its own funds for the nay ment of such items. and anti; as applied, such paymen'-- -.^~ hereby
<br />Pledge:! as security for th«:• un~~aid balance of the mortgage indebtedness.
<br />To prorate, d,dr>, : nr. and maintain Lor the h. refit nC the bfort gagee during the kite of this mortgage urigirai Fxhri<~ and
<br />renewals ther~t.t, defies red at Mast ten flays before the a iratirm of env such polirtios- insuring against fire and tithe; :nsu rabic
<br />haaards, rssuakties, and ~onfirgerries as the lvtnrtgsgee maY require, in an amount Kuai ro the indnbfed esg saclrred by tilts
<br />Mortgage, and in compartir.< arreprahle to t!:r• MearlgaKae. w-rtkr hrs,-v payable clause in favor uC and in form acceptable to the 1lortga-
<br />gee. In ibe ever-t anY Pettey ~s no; renru~ed a +;~r be.f,~~rN tram d:+];s t~f i[.~ +rzpiratinn. the ;14orY€agee may prucurr Vn>uraner cm the
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<br />improvements, pay the premium there=fr~r, anti sur,h si.nn s!~zlt 1><;•c::me immediately due and payable with tote rest at the nrtr a-t
<br />forth in said note until paid and shalt M• ~ecurea 6}~ t}ns : ;r:rtyayta~ Failure un the part of the Mortgagor to Famish sack renewal=
<br />as are herein required or faiiu ce w pay any surn.e, adcanreri hu•rrxurder shai3. at the option of the Mortgagee- c:-nlifatc a defautfi.
<br />under the terms of this mortgage. The deli. cry tit au..-I~i puii~ ii~~ ~~halk, m the event of default. constitute sn assigam«~nt et the uo-
<br />earned premium.
<br />Any sums receivedi by th.- 'vtortga-ee tzv reason +*F i. s. r damage insured against may he retained by the \i:+rtgagee
<br />and applied toward the payment of the debt hereby sr-ru red. ur, at the option of tkxe Mortgagee, such sortie either w-hold' or in
<br />part maY be paid over Ur the Mortgagor to be used to repair svch huilrlings ur to build'nrw bu@dings in their purr ur isr eny
<br />other purpose or object satisfactory to the Mortgagee wii~out aRectin~ the tiro on the mortgage for rho- tuft amr~u tit ~._~ urr+'. Lere
<br />by before such payment ever zook piace_
<br />- To promptly repair, restore or rebuikd any buildings cr tmproc-rmenv; n ur hereafter nn the premises u-ilich mac t,r~
<br />come damaged or destroyed, to keep said premises in Bard condition and repair anti free frc.m eny mechanic's lien or nthe~ lien nr
<br />clairn of lien not exprssiy -sulx;rdinatrd to the Tian hera~at: +rt to sutler 'r Permits unlawful use oaf nr env nuittanctr to exist o-^.
<br />said property nor to pNr-mil waste cn :aid premises, our to do any other act whereb4~ the property hereby corveyrd sha!) taectrme
<br />- less valuable, nor to diminish or impair its value by anp' act or omission to act-, ter cnrnpir with ail requirements of taw with respect
<br />to the mortgaged premises and the use thereof.
<br />That should the aremiv-•s or any part thrr<•ntl ire taken r r ,iamagr.d i r of any pu.rlic tmprnvement or , rnd..;xraei::r;
<br />_prxeedirg, or under the r=gkrt uf -ntrent domatt. -. ,_ sn+. utYi; r ma^r:ar, the rat -t gagee shat) he ?ntttlvrt to ati s,mtxctisatior>a,
<br />... awards, and any other payment a- mitef therefor anel shall be entitled, at rts opti ,n, Lo iomineitce, apta•ar in and psoaxute in its
<br />own name any action cr pcoeeeding, or to make any campr.atnise or aettlemnnt in .. ;nnettinn with sash *.skinq ar damage. All slob
<br />__... cotti:ensaiir+n-aw-artla,--da,:xagesr rigiit-af-action-and---Pnxeeds.x-rrs:_hereby--signed _to_t7~_Mortgagee~.wlso-znae after desiuctiteS
<br />thernfmm a!I its expenses, release any moneys- so received by it.or apply the same on any indebtedness secured hereby. The Mort=~
<br />- gagor -agrees to execute such further assignments of any compensation, awards, damages, and rights of action and proceeds as the
<br />Mortgagee may require.
<br />That in case of faituee to perform any of the covenants herein. the Mortgagee may do nn the Alortgagor's behalf everything
<br />so covenanted; that the h4urtgagee may also do any act it may deem ner.'r•ssarp h, protect the lien thereof: that the Mortgagor will
<br />repay upon demand any moneys Paid or dishu rsed by the Mortgagee for any tit the above purposes. and such moneys togetFier with
<br />intctrest thereon at the rate provided in said note shall tuecome so much additional indebtedness hereby scoured end may }+e in-
<br />cluded in any decree foreclosing this mortgage sod be Paid oaf of the rents or proceeds of sate of said premises it not otherwise
<br />- paid; that it shall not be obligaton• upon the N.nrtgagee tp inquire into the validity of any lien, encumF an. es, or daim in ed-
<br />vartefng.troneya ea above authorised,-but nothing herein contained shall be construed as requiring fire Mortgagee to advance any
<br />moneys.for any such purpose nor W do any act hereunder; and'that Mortgagee shni} nn! incur any Personal liability t,ecause of any-
<br />thitt8 it rosy do oe omit to do hereunder.
<br />In the event of the default by Mortgagor. in the payment of any installment, as required tTy iha Note secured hereby, or
<br />- in the performance of the obligation in this mor!tggge'or in the note secured thereby, the Mortgagee shaft be entitled to declare the
<br />debt•5ecµred hereby due and. payable without notice, and-the Mortgagee shall be entitled at its option, without notice, either by itself
<br />or: by a, t'aiaiiver to-6e appointed by the court thereof, anti without regard- to the adequacy o{ any security for the_ indebtedness se-
<br />- ~ eurod hereby, to-enter upon and.take pas§essian'of the mortgaged premises, and to collect and receive the rents, isxues and profitd
<br />- thezapt, and apply iFte-settle. less-caste of-operation sod-catlectian, upon--thy--indelriedner~ seeUriatf'$~-ihrs--mortgagat~ €aicf- rents,
<br />isatrea and-€rrsBtrtrtang-lseteb;t-e~igned=to {he-Morigagea ss ftirfher ~eurity'.-fdr the PaYtnent of all-indehtedneaa eecured hereby.
<br />- They Mortgagee shalt have the power to appoint eny agent or agent it ntay desire for the purpose of repairing said prem-
<br />_ -.._ides; tea6ng the same; rnllec8ng the rppts, revenues and inegme _and it may pay out of said i_nwme elf expenses incvrrer! in rent•
<br />- -ing.._artli-ntanagiaB the game and of culfectinG the rentals there[rom:'The-balance remaining, if any, shall tx applied-toward the
<br />--elittcltai'ge-_af;ihe -mortgage indebtedness. "Chis assignment is to terminate and become-null and void upon release of this mortgage.
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