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THE Mt)RTGiAG~FE F[IRTFd1ER CCtVEIdA.NTrs" AI3D iiGRE$5
<br />That the Mortgagor will pay the indebtedness. as hereinbefore provided. M
<br />That the Mortgagor -.is the awnrr of said property in fee simple and has gpod right and lawful authority to sell and
<br />convey the same-and ;hat the seine is Itea and clear of any Tien or encumbrance, and that Mortgagor will warrant and defend the - -
<br />tiKfr !o said premises agairts€ the daims of .alt poisons whorrisoever.. - -
<br />To pay immediately whet due acid-pavahlr all general taxes, spatial taxes, special axessments, water charges, sewer xn~-
<br />~ice ahargos, and other taxes an;l;rharges agamyt said. property,-and all faxes levied on the debt secured hereby, and io furbish the-
<br />~A4nrtgagee, span request, with the origins! ar duplicate receFpts therefor. The^ Mc:xtgagor agree. that there shall }tr adrlecl to
<br />~~ each monthly payment reyuired hereunder or under the evidence of debt secured hereby an ••>wll ostirnaied by the Mortgagee _
<br />Yd to he sufficient to 'enable' _khe Mortgagee fn pay, as they become due, al! Saxes, assessment ^d ~tmilar charges upon the nram•
<br />~ises subject 4reret<:; any deficiency hrcaose of the in-ufficicncy of such additional p5yments sha[I he forthwith deposited by the
<br />Mortgagor with the \{orfgager upon drtnand Isy th<• Dortgagee. Any default undr-r this paragraph shall ter• deemed a detaalt in
<br />payment of ta:cx, assessments, nr similar charges regm r+d hereunder.
<br />~ The y4ortgsgor agrees that tFterr shall al:.o be added Lo each monthly paymoni of principal and in tenst reyuired here-
<br />under an an;nunt estimated by the Mortgagee to be sutSeient to enable t.hr i=Sortgagce to pay, as it becomes due. tkae irtsu ranee
<br />premium on any insurance policy delivered to the Martgagee. Any deficiency becaus_ of Ehe insaffictency of such additional pay-
<br />;ncnb~-shalt br forthwith deposited by the Mortgagor with the biurtgagee upon demand 6y the Mortgagee. Any default under this
<br />paragraph shall be deemed a default in Lh+~ payment of insurance premiums. I( the trolley or puGries deposited err such as htime-
<br />awners nr all risk le:Ficies, and the deposits are insutGcieni to pay the entire premium, the Morfexgee may apply the deposit to
<br />pay premiums nn oaks royal n•d to Fk insured by this martgage.
<br />Payntcnta made by rho A{urigagor under the ahavc paragraphs may, at tar option of (t.e g8rrigager, b. ~ ,,; by it and
<br />commingled wish other .,ooh funds nr its own funds (tie thu payment of such items, and anti? ao applied. each payments are herrhv
<br />pledged ss security fur tae unpaid balance of the mortgage indebtedness.
<br />To procure, deliver to, and maintain for the benefit o[ the i1{ortgeger during the life nt this martgagv original pclecie. and
<br />renewnts Lhrrrr,r(. dehv.•r.-d cH leas) ten days lrekm~ the oqn ration of any such policir~. insuring against fire and other insurable
<br />bazar-ds, casuaktirs, and runtingenciev ac the Mortgages• may r~uite, in an amount equak tc t};e indebtednnnsa secured by This
<br />IYIortgage. and ~n c<rmpanivs aeeeptabte to the L4ortgageu•, with Ins. payable clause In t :~-cr of anti m f„rm airr•ptabke to the tiTortga-
<br />-, I^. ~, t,.. p:,hc, is ---1
<br />th= ,,.•~°+ env -• r..k ,=ne::v- an ar befr.m ion days of its expiraiinn, Cite Mortgagor may pttxure insurance an the
<br />improvements, pay the premium therefor, and .,etch sum shall 6ecnme immediately due and payable with intereui at the rate -sr[
<br />forth in said note unfit paid and shat} be• secured by this mortgage. failure an the pa rf of the Mortgagor to tarnish such renewals
<br />as are herein required or taihere to pay any sums advsnred h<~rrunder shalt, at ihr• uplior, of the \gartgagre, nrnstittrtr a rlefautt
<br />under the terms of thin mortgage. `t`he delivep• of such policies shall, in the eeent of default, rnnstitute an assrgnment rzf the un~
<br />earned premium,
<br />Any sums r-~::aired `:- the• ~Iortgager try tensor, of le ..- ,r da::xage insured against may he retained by the lortgagee
<br />std applied toward the payment of the dehY hereby aerated, or, at the option aC the Mortgagee, such sums eithe'•r wheFlr err in
<br />part may Fw paid over h. the 3ortgagor Eo FW used to repair such buildings ar to build-new buildings in their plats uz For any
<br />other purpose or object satisfactory to the 'a{ortgagrr without aRr•r^ting th.- lien ern the ^tortgnge for the full anxnutt serured hrrv-
<br />by before aua$ payment ever tack place.
<br />"i'u prontptfy repair, rr~tore or retruild any buddirtgs or tmprocrmenis now .~r hereafter on the pranises whirh mat be-
<br />came drunag.xl or destroye•ek: to keep said premises in good cnndi lion and repair and fore frrm an} mechanic's hr•n or other lien or
<br />claim of lien oat expressly cv}x,rdinated to the lien herroF: not to softer or permit aqy unlawCui uve of or any nuisanco to exist on
<br />said property nor to permit wade on said premises, nor to do any ether act whereby the pmfrrrty hereby canveced shall Fxeome
<br />- less vaFuahlc•. nnr to diminih or impair it,; t•alue b}• any act oc ,.missi~•n to art-, to ,-nmpl}~ w-ith ail requirrmenrc of !aw with rrspttit
<br />is rtr.r .n•,rtga.:rr-t pre^"-se" a^d •-h° usg the r~-nf
<br />TFtat sh .alri tn.- pea .-r-.ix:•a ,r cry part thc•rer,f Ix• t.. - „r danutge+€ by n-.r,crn <,t am- pahbr impr,vrntrnt o ondrmaabon
<br />prc:.-eVding, or under tk:e -ght ;;.' e-=• ~nt ctc:nair.. ~ _= afther nr.-inner. tar- Mortgarr-e .balk i,.~ rniitke€1 is alt rtv~mt~r=~iisw-s.
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<br />award-. and ny ottter payment nr _rvliet th«refur. and shall b,E zn.:eterl, ak its r i. n. ir: rr-,run=:u=~-. ar- ->rar-=n at;~~t-prix;~'attr- sn ita-
<br />€ t
<br />~,vn Herne. any n i.on ur t rxccwnK :r to rtake any compromise t r ettkrrrtr t -n 'unaectiort with Ruh a ~:€ g or damage- Aki sttrh
<br />caett:enaatinn_ awards- damaees, rkaht of ,action a__ad oroEa.4is era hes!r!?y a~ enr:t -._ ,?;e h€€ .E~c. --dad;,:,rg
<br />therefmnt sit it» expentES. retr•arx any moneys srr received by it or apply the same on any irolrMrdneas securrtf hereby{The Mert-
<br />gtpior-ageprs-ter <xircvte 'curb fureiiri• ar~ignmenti: of any atim}><~ra+at„rn, awanL, etamages, neat ..-ighta oC actusn atr:I t?rs:c~,,s a>E khe
<br />Mar€gitgre rosy require..
<br />Phut an ease of failure to tx'rfonn any of the cuvenanta herein, the Mortgagar• may clu on the Mortgagor's behalf everything
<br />ace covenanted; that the Mortgagee may elan do any act it may diem note scary tx. protect the lien ihr Hof: that the b{ortgagar wilt _
<br />repay upon demand any manrys paid nr disttursed by tar Mortgagor !ar any of the atwve purpaw.s, and such mnrrrys engrtlier with _
<br />ihtarest thereon at the rate pr+rvtcird in said note shall hernmr sa much additional indrhkartneas h:°rrthy sr•cun•d and may he in-
<br />cludrd is any drerrr Innrlosing this mortgage anti Ix paid cut of ihr n'hts or pnxa•erls of .air of said prenusev if our nthBl'w'tse
<br />prod: that t! shalt tort ix- obligatory uiwn khe Murtgage.~ to iroiuiro into the validity of any lien. rneumtua.:~e~ or maim in ad-
<br />vanttng moneys as ahcwe autttarierd, but mrthing herein r mtainrd sktalt tt< construed as requiring the MurEgag~~ trs advanor any
<br />nwrteya for° any aerate purpose mrr to do any art hereuruier; anti that Mortgagee shall. not incur any perwnak hahdtt} 'rrauar of env- ar.,;i
<br />thirtg it away rte cr aerti€ t.. dV hrreuarirr.
<br />lr, that aevrnt of the default b}~ Mortgagor in ttx payment of any instalhnmt, as reyuired hY the Nntr srcurrtl hr rrhv. err
<br />to ihr peJr(orrrtarriY of the rrhiiganan in this mort~atte ur in iltr m,te soured thereby, ihr Mortgagee chalk ter entittrd to drrtare ihr
<br />deb€ secured hKretry due acid payatrle without nr±ticr•, and the Murtgagec~ shalt he entitled at its option, wittrauk notinP, either by inset!
<br />or by-a receiver to 6e apptrinteK! by the ctnlrt thereof. and withtwt regard to the adequacy of any serurkty fur fhr fratetrtedneas sr-
<br />cyred hereby, to enter upon noel take poairdaion cif ihr mortgaged premises, and to rnUrc! and receive ihr rrntn. isauea and pr::Etts
<br />thur+aof, and-apply the aam«, {ass coats of operation anal rnt{rrttnn. upon the indehtetfnr-xv t,entrni by ttsia mortgage;-said rents.
<br />isattea mm's pa~it€ti®irtta--her~'np a~aai~eat-to its.-Mortj;attre-aa fnrEhrr w•enriiy ft~r thn paYrnent of atT indetiirtitier~ii vr~ufrtt hefehy.
<br />Thr Mt}ttgagee shalt havo thu power to appoint any agent or agents it may drain tot khe purpc>ae of repairing said Ctrem-
<br />iaes; ranting Ebe same;, eoflctting the rents, revenues and income, and it may pay nut nt said inrotng all expenses inc_wrred in rent.
<br />- - ing and manm~gin6 thg -came aid of collecting the rentals therefmm: Tfie balance remaining, it atty. shalt be applied toward flue
<br />dlocharge d the mortgage ipdebRedrreas.. Thin assignment is to terminate and become null and void upon rrirtisr of thin mortgage.
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