|
TtfE Mt}JZT~atc~r[l3~ ycrKTf-l~ chcav~r«r~,raTS Ax~r Ac~l~~~~:
<br />'Phat the dviongagor wilt pay the indeRtedneaea acs RereinRefora~ provid>:>e1,
<br />That the Mortgagor is the ciwner c( swirl prnpr-sty in tee simple and has gorx; righE and {a~,~fui nut?~r,i it. t.. ~,- noel
<br />convey the same and that 'the same is free and eteat of any lien or encumbzanee; and that .^lnrigaKc.r wit} warts.,+t and defend the
<br />title to said premises against. tRe claims of ati persons whomsoever.
<br />To pay iaEtnedia+xly whet. due and payaRie s!i ganeial taxes, special taxes, special assn<smcnt-c, water r-ha rges, s .t-car =c rv~
<br />ice chttrgcs, and other taxes and charges against said property, and alt taxes levied un iht• debt seru reel hereby. and fn furvci~h :he
<br />Mortgagee, ufx?a r~,urst. with rite ;Srrgina! cu duplicate receipts tt:?refoc The :~..nrtgagor agrees that t,tere= -ha8 he added trt
<br />~~~EE each moot-hly payment rcgr ,red hetauncler r under tFe eridr ne (left cur 9 1 r h :n a r m tr : t i lfc rtyat r=
<br />~o.Py fn h- ,~caent to enable the Mortgagee 1 - t~a.=. as }ty bee. m tuc, all rase astie. meet -tn 1 - rr; la cP 3rKr- u~ n the prem
<br />:'~C. i:cF_ suhjct.t tRcretu, anti i-Sr ~enct }>+=r ~'tu5 : f tn~ to ~ :F ne r r -uch d Idif ~- nt. pa4m r.r; f it h- r tti ~il, t t `lt ~I t.
<br />h4attgagnr witSr the S riKagee ~rpor, ;ten a 1 ,-r fh- -rt;; -. P_ v .t- .t ..It .: n.i• = tf:-; t -r-,,. ;; ,t- s,.,ell ! ..r .-nr~i a .Se.auit ,r
<br />-` payriiottt of taxes, ascc s_mrntc, nr ;im:lar th.,,gas ,<nurred h=rc ua;ie:.
<br />The illortyagor Rg rrr-s tha± there shsil also be addod to ,_;tch munthlV payme-`art nt principal and interest required Rere-
<br />under an amuma cctimao~d Ry the Mortgagee tc he suflic~ent to <=nahit• the, SL2ortgagrr. tr puy. a i! ',t-rss+;<.= due. the in~u raref'
<br />premtu n. nn an} ixur to It {tr 1 ii+<=re i t } Mortgagee -ant defei ~-r <} c a i_ ..C ! , - F--.,. C f _ a tt cdd:tu;rut .a}
<br />[~ meet., <1,ail tee fc rthw„}. 3opu,a_ 1 in Lhr R4 trtFagor urth fh< 11 ~rtgagre upon de n~.,u by tt \M1nrtgap Any rirfauit uni~.r thi=_
<br />paragraph chill tr= dc.•med a de(auif in the i:armoat of loco ranc• premiums. If tt;r p=:li^}' ur poliri••s r(rpnctr-d orr~ such ac :rvme-
<br />nwner!: nt sll risk pr.!ir~, r~ noel the .irpn;,it- d = fnsuf8eiert to I!a,f tF,r- ••n[irr• nremlcrn. the- 1L~rrg_:3r,y. :n ne applt~ the r:r•posi`: to
<br />pay premiums r,n asks n•Guired to hr u;:u red by this mortgag^
<br />Papn,r.nt. made- by rhea S4„rt~,,~or amler the above pa:~aFraph; may. at tLo option at t?:,• Mortgagee be h;•i~! by it and
<br />eommin(;Ird vrd}; ~>thrr such f.; n,is .,r ifs awn funds for the +•+aym eni of such item:, and until ~t eS+plic~i, such {:ayrn.•r:r .,.. }„•ra•b}'
<br />p?c-rige~d ss srrur:tc inr th.• un;:eid balance ut Iho mnrtnage indehtednec5.
<br />Tv prncu.:~. ~irf:+~er t.. ar,.e mauctain (ur the benefit of the hL'utgagee during the li(,• :,f this rnuetgage urigina! poll. ~• ~ and
<br />rent*w•ats thee,-+;>f, -i.•l,v,•rrd .<. .~., ~•t t~~ri ,1et.~ ie°f,~r•• thr• ,~<p:rari•,n n( any such policies, incurinY; ~.;,ainst Firr and „thee loco table
<br />hazards- ca.:ualtir-- •,,.,, c. t.ttnga•nrie:, as LRr hiortgagt~ ma requite, in nn amount eqc.;,! to the indeRE.edneas secured by this
<br />r~ -e gage, and ~•::nt n -= eccepki h!•- n> th j4"rtt,at, .. rith lo,e pap able claus• u; feu.+ ,i and ir, form arcaptable to the= ~lnrtga-
<br />pt:r- in the' e.a n[ .~' pot F .,- .c h~ ^.R r>r i;C[nre IC'il days -~F 11~ c`Xpira EieF.. fhe MnrTg3gee maY t'i(]r:tre inc:IranCe `:'1 tt;e
<br />improvement-_ - aye the pr-rrnium t}t, ;..y~r and such su to .hall r-ec~:rop irnmediatr!}• Clue nerd ,rayabie s~ih r_ie;eat at Fhr tale set
<br />forth in said note u:tfd paid and shall ta- ..=cur.~d by rhea n;ortgagr~. Failure on the part of the Mork;agor to furnish such r.~newnls
<br />as are herein requia•d ur fariure to pac any sums advanced hemurder :hall, at the nptior: of the \gortgagee= caastiFUt+° a ,lrFauii
<br />under the terms of tRcs mnrt„ag.-• The dedi:~cn~ r~{ sorb pnlirtirs ahaS1. ~n the r'vt•nt aF default. constitute an assrgnment of thr, un-
<br />t-arned premium.
<br />Any sums received h}° the hL+rigag<•c~ by reason oY loss or damaKe insured against rosy he retained by the 'ti4:,rigagee
<br />and applied te+w~ard the pa}~ment of the debt h. reb_v uav nod, oc aE the nptinn of t}:e ~SortgaKee, such sum-. tither whally i:r ir.
<br />part may he paid raver to the Mort„ugor to be used t.n repair sur_!i huiidings or to huitd~ne:+• buildings :n tI>,~:r t>Vacr :~: -ur soy
<br />ether purtxzse nr nRje,:t xuisfactun- to tRe Murt Kagee without afTretinK the lien ~:n the m„rtgagr~ ter the fult inn hurt <e-crated beer
<br />by Refire such payment «ver t«tk place.
<br />To promptly re{.,air, restore or rebuilt? any huiidings nr imprr=;•e=mints no>. .:r hrreaf te=e on the prrmiska~ whu•h may h2
<br />come damaged ur destroyers; In keep said premises in gcxn3 condition and repair and (err Crum any mechanic's lien nr olhC•r lii•n or
<br />clam of Lien not ezprexsIy stiwtdinated to the lien here=of; nut to suffer v:r l:xrmit any nnlawfut use= of or any nursance to exist on
<br />!raid propr-rty err to prnnit w;r.'!c- nn saicY prrmtsr•.•;. nor to tin any ,>thr,r uct whc~reh}~ the, {>r:,t>rrt}' he rt•by i-orvey~ed sF?a'1 t}ecnme
<br />it-ss .al.ra:rir. nv. .., ~, ,.s34 ., ,irepas= e~ -arue i i a-,. ai, r.r . .c..+<,r• „_. ., ._, ,,: r., - ~+-ir .,., . _ Sur - inentc t:t raw vith re .pest
<br />to the mnttKaKrd pre•mrses inr+ the> use thereof.
<br />'I•itttt -houtd ter-- r..t .. a..y.- -any s:zcrt th.•rr~. t tv, t.:l,: ..:-- l:sma„ ,. t.} .-.-~_ . , ._ a::- , --. - :. .:e ; ,<.i.•,t,r,.- ,-..,,t.~lr ....,. i:,n
<br />pea - r_~irat~, ur tutd.•r tit<~ rrt•l.r ~,. -r.,; nr t,t rir.nc.,in- ., - ic.; ..iit~r m,antre•r. rite- ~} r :t;:,.r -- .t. t_ tat tt...:,t to at. ~-atmex•ruat:uns.
<br />awards, and any of}:rr i -, r. e ;t ur rrhef tt.t .-t-er.:zt Ratl hY enfttied. aE :ia optic .t. :.- ce ,•rmencr. appear in an<i pr<~ecuia in it-s
<br />o° 3 na.~~ -...;~ :.,. e-, _~.~ a,r ,1t-., n.- .., _ - ..., --..... ~,., ..,-.. _.,~ a.,..._ „ ~ ~.,-
<br />c~€i2-zi.-~...~_. '!~^=an„°°. xght •.f•~?:~ =r~i~r~~~ ~_- ~.r~L} a.- _Ka~c. .- .z-.=. `sS.r,fz,~;:~. -~. .. ~f •. •,t,,.!•~:ti.t
<br />tRetrfmm ail its ezpe rises, release any moneys s<t r~ceavexd by it rte apply the same un any indeRtedncss eecuredV hereby. l'he ,'t{art-
<br />gagor agrees fn execute stx:h further asvignmrnis of are}- cc,m;N-n.can„et, awar<Ls. damage::. and rtKhts „f actc,:n amt prcx~er: is a. the
<br />hortgagee may require.
<br />That in case of farfun• to perform any ..I the rovenant> haven., tier ~tortgage•e= may Flo n+~, tEe ynrtgagor'c F.e-h:c;f e•~er~ thing
<br />so rnvenantad; that the Mr>rigagre may a}sn de any wet it may deem n~cPS,-:wry to ptniect the lien thrrer~(, that the \~tortgagor w~Sll
<br />eepay upon demand any moneys paid ar disRursed 6y the Mortgagee for any of the above purptnes. and suoR moneys together with
<br />interest thereon at the rate provided in said note chair ttecnme so much udditwnal indeMedneas h„reh} -ecuccd :and :nay he in-
<br />cluded in any decree farectosing thec me+rtgage and tx• ;mid out nt tt;e zenis nr pr~.erds of .ale of said ltrrrnises if not +>theanvis~
<br />paid; that it shalt not tx oRligatury upon the Mortgages !u tnyuire utSo the validity of any Iirn, encumhrane-e=. r+r claim in ad-
<br />vancing moneys as aRnve authorized, but nothing herein containeet shall M~ constnted as requiring the Mortgugee to advance any
<br />moneys for any such our{xme nor fo do any act hereunder; and that Mortgagee churl not incur ani~ S>t•rvn+al liah:tit•. !~<~e aus.r• of any-
<br />thing it may do ctr omit tse do hereuetder.
<br />Tn the event of the default by hSurtgugur ut the payment u€ any inatullmerrtt, uS requirod by the Note secured hereby, nr
<br />in the performanec of the nRligation in ibis mnrtgaKe or rn the note sarured thereby, Ehe Mortgngee :chili bra rniitied h, dei.lanr the
<br />dabp secured hereby dot= and payattle w•ithaut notice, and the blortga$ee stsall be entitled aE iks opt3nn, without native, either Ry it.~lf
<br />a€ ~ x~- v a..- sr~-r,t. trd t'y - S.Y ==~*°rt tFe-H--=r, r- pvitR<>xtt regard to tR: ada*iEuacy of ant-' =•~=•cir - i€,r `: h:= .r;cfaht:-~n~q ~--
<br />¢ured Rereby• to enter upon and take Ix:s~,ession cif the mnrfFagtd premises. anti to enltect and r€cehe th-r n•nt.., iv-ors and prafts
<br />ttrereo€, and apply the sarne, .less costs of operation and rnliectian, upon the indehttrlness secured by this mortgage: said rents,
<br />issues tread profits-being Rereby assigned to the Mortgagee as further security Jot the payment erf all indehtedneas secured herieRy.
<br />The Mortgagee shall'hsve the Fower to appoint any agent or sgenks it may desire for the purpace of repairing said prem•
<br />ices; renting the same; collecting the rents, revenues .and incgme• and it may pay nut of said ircctme all expenses incurred in rent-
<br />ing and managing the same and of collecting the rentals fhere[rom. Thr balance remaining,ct any. shat! hr appliral toward the
<br />discharge of the mortgage indebEedness, This assignment is to terminate and Rename null and void upon release ut this mortgage.
<br />+,,.-
<br />
|