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<br />TtfE MEIRTGAGbR F13R7'HER C'(7VENANTS AND AGREES:
<br />That the Mortgagor will pay the indebtedness as hereinbefore Pr'ad1t1GS~~~°tj __r1 :~
<br />That ttie Mot~tgagor fs the owner of said property in fee ~simp!2 and has good right ar€d lawful authority -io sell and
<br />convey the seme.and that the same is free and clear oC any lien or encumbrance; and that Mortgagar will varrant and defend the -
<br />title to said premises against the chums of alt persons whomsoever. -
<br />To pay immedeately when due and payable all general taxes, specie! taxes, special assessments. wafer charges, sewer serv-
<br />ice charges, and other taxes anal ehargee.agaiast said property, and.atl taxes levied on the debt secured hereby. and to to rnish the
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<br />Mortgagee, upon request,-with the otigiaal
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<br />duplicate receipts therefor. The Mcrtgagor agrees that there shall, be added to
<br />each monthly payment required hereunder ar under the evidence of debt secured hereby an amount estimated by the Mortgagee
<br />to be suRi©ert to enable the Martgagee to pay, as they become due, all taxes, assessments, and similar charges ui>on the prem-
<br />ises subject thereto; any deficiency bar;@5tse of the insufficiency of such additional payments shall be torthwfth deposited
<br />by the
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<br />Mortgagor tdith~Lhe Mortgagee upon demand by the Martgagee. Any default uuder this paragraph shall bedeemed a default-file
<br />p,y payment oC taxes, assessments, ar similar charges required hereunder. - - - -- - -
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<br />~_ The-Mortgagar agrees that there shall .also be added to each monthly payment of principal and interest required here-
<br />under an amount estimated by the Mortgag€e to be sufficient to enable the Mortgagee to pay
<br />as it bernmes due
<br />the insurance
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<br />YI premium an any insurance policy delivered to the Mortgagee. Any deficiency because of the insufficiency of such additional pay•
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<br />J meets shall he torthwith deposited by the Mortgagor with the Mortgagee apart demand by the Mortgagee. Any default under this
<br />!~ paragraph shall 6e decreed a default in the payment of insurance premiums If the policy or policies deposited are such as hamr-
<br />owners or a!i risk policies, and the deposits are insufficient to pay the entire premium, the Mortgagee may apply the deposit to
<br />pay premiums an oaks required to be insured t,y this mortgage.
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<br />Payments made by the Mortgagor under the above paragraphs may. at the option of the Mortgagee, tw held-by it and
<br />commingled with other such funds or its awn lands for the payment of such items, and until w applied, suet! paym«-nts are hereby
<br />pledged as security for the unpaid balance of the mortgage indebtedness.
<br />To procure, deliver to. and maintain for the F«rnefit of the bortgagee during the tits of this mortgage original policies and
<br />renewals thereof, delivered at (cast ten clays treCore the aspiration of any such policies, insuring against fire and other insurable
<br />hazards, raeunlties, and contingencies as the Mortgagee may require, in an amounk equal to the indebtedness secured by this
<br />Mottzage, and €n companies acceptable to the Mnrtgag€~ , with lo_~ payable claw in fa~w of and fir. form a<eeptable to the MoriYa-
<br />Rc'r'~ l:n the event any policy i.= nni renewed on or before ten days of file axpiratfnn, the Mortgagee may procure insurance on the
<br />improvements, pay the premium therefor, and such sum shall become immediately du€ and payable with interest at the rate set
<br />[odh in said note unfit paid anr7 shall be secured by this mortgage. Failure on the part of the Mortgagor to tarnish such renewals
<br />as ar_ herein required or tai!ur€ io pay any sums advanced hereunder shall, at the option of the Martgagee, constitute a default
<br />under the terms of this mortgage. The delivery of such policies shall, in the event of default, constitute an assignment of the um
<br />earned premium.
<br />Any sums received by the Mortgagee by reason of loss or damage incur€d against may be retained by the Mortgagee
<br />and applied toward the payment u( the debt hereby secured, ar, at the option of the titortgagee, such sums either wholly or in
<br />pad may be paid over to the Mortgagor to be used to repair such buildings or to build'n€w buildings in their plates ar for any
<br />other pvrtrose or object satisfactory to the Mortgagee without aRectinK the lien nn the mortgage for the full amount secured here-
<br />by before such payment ever tank place.
<br />'fu prantptiy repair, resiare or rebuild any buildings or impmeemenG now ur hereafter nn the prr;uises wh€ch cozy be~
<br />come damaged ur destroyed; to keep said premises in good condition and repair and free from ary mechanic's lien or other lien ar
<br />claim uI lien not ezpresaly subordinated to the lien hereof; nut to suRer ur irermit any unlawful use uC ar any nuisance to exist on
<br />said prot~rty nor in iarrmit waste an said premises, nor to da any other act xhrrrtry th€ pr_,p€rtr,° h~-,-shy ..~ v€t ed =halt trace-,era
<br />(ass valuable, nor to diminish or impair its value by any act or omission to act: En ttrmply with all requfremenL r.f law .with rasp€•c±
<br />to the mortgaged premises and the use thereof.
<br />That should the premises-or any part thereof to taken or damaged by reason of an.4~ publ€c €mprr.vrmrnt err candrmnatiott
<br />proceeding, ar under the right of eminent dontam, ur in any other manner, the Martgagee shall b.~ €n4ttlaai **=c. alt veem!>3rr€s.atin:€-•=,
<br />aw- rte, and nn:.=t!-,ter ; _ - :t sr -,fief there-f.,r ~rl <hal: t+e ..ntatle.i, at :t= ,-{- n..,:. .. v .,. ......, x.~. ,
<br />ref. rf~•°.: , s• : ;,:.
<br />own name any action or proceeding, or to rnake any cumprontise ur settlement in connection with such tak€rtg or damage. 1t1
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<br />ec+m{~r€~€aCisr€, awards. damages, right of action and Proceeds are Hereby assigned t€, the Mudgager, whr. may, after dadvtting
<br />ttterrfro-n alt i~ e~p€;~. re4~e any nto~:s err renivr€f M° it ur apply f?€c =sine =n an> ;ndebtrdness sea:ur~~ tx~rabs "Fn€ aiott~
<br />gagor agrees !u rxewte such further assignments of any cam!rensahon, awards, damages, and rights of action amt prvrrr[la as the
<br />Mortgagar teuy regnfre.
<br />That in case. of failure to perform any of the crovanants herein, the Martgagee cony do nn th€ Mortgagor's l,ehalf e.~ery thing
<br />so covenanted; that the ~laHgager may also da any act it may dorm necessary In protveC the tiro thereof; that the ~•lortgagvr will
<br />repay upon demand any moneys paid or disfw card by the McrrtgaK€s` for any of the atxn`e purlnres. and such manrys ivgetlier with
<br />interact thereon nt the rate prrwidod in said note shall became sa much addrtionat inrlrbtrr!nese hereby secured and may M in i
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<br />eluded in anY decree toreckrafng Ehis mortgage and br paid out r.f the rents or pnx-rerls of sate of said prrmrses it not other:visr ~.
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<br />paid; that it shell not be obligatory upon t}m Martgagee to inqu€re into the validity of any Iirn, encumbrances. or claim in ad '"''
<br />vancing moneys as above authorixeci, but nothing herein cnntainrci shall }rr cnnstru€d as requiring the Mc€rtgagrr to artvance any ~V
<br />monoys for any such nurprrse nor to do any set hereunder: and tttai \Aartgagr€ s._hafl nr:4 inrttr nne~ t>grsor€a! l:ah,!:tv ts•ca:rsa of one=
<br />thing it may do or ranii to du hereunder.
<br />!n Fhe event of the default by Martgagee in the i€aymen[ of any tnstallnxr;:*, as requira•tf by {tu= Nuts secura*cl t€rr.=6y. ar
<br />in the performance of ttta obiigatton in Ehia mortgage ur in the Hate secured thereby, the Mortgagee shad be ent€tlyd to declare the
<br />debt secured hereby due and payable without notice, and the Mortgagor shall be antiilatl at its option, witlrout notice, afthar by itself ..Nt
<br />ar by a receiver to be aptrainturi by the court thecae(, and without regaal to the adequacy of any sir:urity fur the indrbtadrreas ae•
<br />cycles! hereAar, to enter upon and take !uxsaeuaion of the mortgaged itremiara, and to collect and receive the rents. issues and profits
<br />th~ruel,and_'~~.t'-}-t,IJE_;~e._!°~"-__t,~Es_ol.arati?as.atd t€.ct€.,•~ _€ rp. £hr - €._4 ::t,. .-crib b. ...-.,:.€g~ ~€.i r';.ta•
<br />issues seal ptoClts heiej'hrreby psiIgned to the Mott~agee as further seeutft. Cnr the pa.Yment srC al; imlehtrr~fnr=s ~r,•vr.~.t h.-rahY
<br />The Mortgagee shall have the prover to apptafnt any agent nr aKrnta it may desire fcr ehr pu rtxrs.• ,.I r.~trai rinx said {:rem. _~
<br />lees; renting the aame;.catteeting-.tttu rents. revenues and irnome, and it may pay=-ottt t>f said ittcnrrte_aH rxprtts~ intvzred-in renf~
<br />fag and managing the-same held of cnttertiog-the-earttais theretmm. The balance remaining. it any. shall h€ aRPlied toward the
<br />diacherge of the mortgage indehlednesa This amignment is to terminate and become null and void u!wn ndeese vC this mortzaxe.
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