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`"''}fE 1431pRTGAw~La+0.°. ]F'A1EiTFtER G~fbUE:h#iANTS Ar`~7ID t4GRE'ES, I'f ;, That rhr N[grrtgt}ggr wiFl ~~pay t'hg indetrta~d,n~rsx as heretn9ak~ftn^e ~prrir}+tded: i ~ ~ i That Lhe ~~ti}drtgagor"ins the ownFr of said property in fee simnte 'and has good right and lawful authnray to call and convey the same and that the same is free and clear of any lien or encumbrance; and thaf Mnrt.gagar will warrant and defend. the ' title to said premises against -fife ciairns- of all persons whrnnsoever, - - `- To pay immediately when-due sod payable-all general taxes, special-faxes, special assessments, water charges, sewersPri.•- ice charges, and other taxes and charges against said property, and all taxes levied on the debt secured hereby. and to furnish the Mortgagee, upon request. :with the -original or duplicate t'eceipts ih_erefor.-The Mortgagor ag.-c•cs that there shall. he added to each monthly payment required hereunder ur under the rvi<lencs~ of rieltt secured hereby an amuu rt estimated by the Mortgagee 'ems Lc t>e sufF-dent to eoafrle-the Mortgagee to pay, as they become due, ail taxes, av~essments, and sirritar charges upon the prem- .~+. lses "sub?ecf -theretri; -an- daficisrc~ twr•ause of the in-utficun^ of such add+[innai nayrtients shall he f~, rt l+with depositert by the - Mortgagor with the Mortgagee u;r„n rlr:nand by tl '~f rt„age e. Any default un<lar the paragraph shall he deemeri a default in rrr*•payment of taus, assessment, or sunitar clew,,-ge-. required hereunder. - The Mortgagor agrees tha4 there shall also he added to oa.^h monthly payment r•f principal and interest requi rc-d here- under sat amount r~aimated ht~ fhe Mortgagee to l;e s+tfficient to enable rhr• Mortgagee tr, pay, as it he comes due, the insu ranee ~ Premium an any insxtranee policy ;teticered to f.kee 34vrtgagee. Any deficiency because of the 4asu~ciency of such addituinal pay- ments shall he forthwith depnsiEed by rhr Mortgagor with the Mortgagee ulwn demand by the Mortgagee. Any default under this • paragraph .hall t>e deemed a dcfau}t in the payment of insurance premiums_ If Lhe lmlicy or policies deposited are such as ttime- owners or a1I risk 1xAicies, anti the <ie;arsisrti- are insttfhcirnt to tray the entire pre.-nhtm, the 33nrtgagee mny• apply rhr deposit to PAY Premiums nn risks regairct tc `re inr=u red by this mnrtgace•. Payments made by rhr 'vlurtt:a Gar antler the sheer paragraphs may, at the cpfion o€ l6e MnrEgageo, ht• hdd by +t and commingled with other such funds nr its own funds far the payment of such items, and until so applied, sach payments :era hereby pledged as security for the unpaid halarax of the mortgage indehtertness. - To procure, de]iver t.r, and maintain for the brrefit of the \iartgagee dur(rg t'cte life of Lhis mortgage original policies a*,i - tenewals fherc-rof, delivered at least ten days tx~fore the ezpiratiun .,F any snc•h lrulicies, insunaG against fire and other insu rahk' hazards, casualties, and contingencies as the Tvfurtgagee may rrruire, in an amount equal to the indebtedness secured by this ' Morkgage, and in may=anir•a ac,rpiabie to t},r LSortgagee, tcdfh Inns payable ctause in favor of and in form acceptable to t};e ~-fortga- gee. fn the event any t,+dky •= not renewed un or haforr tc•n days uF its expiration, t?;e Mort g:zgee may prceurc insurance un the - improvements, pay the premium thrmfor, and such sum shall become immediately due and PaS'ahle with intentst at the rate set forEh in said note until paid and shall ht• secure.! h. this mortgaF;c'. Failure en the part of the o-fnrkgagor to furnish such renewals as are herein required ur failure to pay any sutras advrrced hereunder =hall, at the option of the Mortgagee, cunsfitute a riefauit - under the terms of this rortgage. The delicerv of sash policies shall, in the event of default, ronsfitute an assignment of the un- earned premium. - Any scants rerniver! Fty the Mortgagee by reason of loss nr damage insured against may be retained by the Mortgagee and applied toward the payment of the debt. hereby secured, or. at the option of the Mcr4gagee, such sums either wholly or in - part may be paid over t.o the Mortgagor to be used to repair such buildings ur to bttild'new buildings in their place or far any - nther purpose- ur obvert satisfactory to the Mortgagee witnuui. afTecting the lien on the mortgage for the full amount secu rec} here _ by before such payment ever funk place. To pr<smptly repair, restore ur rebuild any buildings or tmprcrvements ,xrw ur hereafter nn the premises which may be- come damaged or destroyed; to keep said prem%ses iu goad condition and repair and free from any mechanic's lien or other lien or claim of Lien nut cxpressl_v subordinated to the lien hereof; not to suffer or permit any unlawful use of or any nuisance to exist on - said property nor to permit waste an said premises, nor to do any other act w•herehy the property hereby conveyed shalt i>ecome less valuable, not in diminish or imitate its value by any ack or omission to act: to ce..+ply with all requirements of law with respect _ #n the mortgaged premises and the use thereof. That should the pren;isas a any part thereof be taken ur .iamage-d by reason of am. public impmvemeM or ,un$rmnation procterding. or under the right of eminent dtrmair., or in any other mamter, the Mortgagee chat! be entitled to all compensations, awards, and Any other payment cr relict thr[efur, and 4ltaii br-entitled, at Ito ntStlnn. fo t?triimence. appear in Hnd prrtsecnte in !t3'. -. ~r ~~t•.e ;afi; action yr ;,*sz*e 2:ns, +:r t:: risi:c ?ray . :.t;::-, ..,: x:. , , ~., l;•;nenC +., ..~, . ....,;t w+tlt ~:ti'h ki.s6 a.r r;amage .'~I3 stt.^h cpmpetteation, awards, damages, righk of action and proceeds are hereby assiKned to the MurtrFagee_ who may- after_ dettuctine - - Eherefrom aft its-expenses, release any moneys- sa rec-•eived by i#. or apply the same on soy inttehteclnesv secured hereby. The -Mort- -- -- -.--- 1'tagor-agrees-to- execnie suc11-fttr;her astsignmenis df any cnmtsi'n..ation, awards-, dam_ ages. and r+ghts of aetiup_ 8ni1 nhaceeda 3Y.thr - -- Mortgagee may= rettuire. , That in case of failure to perform any of the c•+.rveaants herein. rhr '.Mortgagee may do nn the Mortgagor's behalf everything sn covenanted; that the Mortgagee may also du any act it may deem necessary fn protect the Gen thereof, that the Mor[gat€or will repay tipun dernand any moneys paid nr disbursed by the Mortgagee for any of the above purposes. and such moneys tot4ettier with interest thereon attire rate provided in said ante shall Fwcnme su much additional indehterlness herehy secured and may he in- cluded in any decree~toreclosing this mortgage and tie paid nut ni the rents nr proceeds of sate of said liremisa~s if nut otherwise paid; That it shall not be obligatory upon the Mortgagee to inquire into the validity of any lien, encumbrances, or claim in ad- vancing moneys at above authorized, but nothing herein rnniained shall lxr construed as requiring the Mortgagee to advanrn any moneys far any such purpose trot to dp any act horeunder; and that Mortgagee shall not incur any personal liability lwcau.Ae ~~f any- thing ii may do or omit to do hereunder. In rhr event of rhr-default by Mortgagor in the payment of any installment, as required by the Tlote secured hemhy, or in the performance crf the trltligation in this mortgage or in fhe note secured thereby, the Mortgagee xhali ba entitled ter declare the debt aacttred hereby due anti payable without notice, and the Mortgagee shall ire entitled at. its option, without notice, either by itself -~ or by a secsiver to tie appointed by the court thereof,-and without regarcl to the adoquacy of any security Ear the intlehtedness-sr. gutted heretry, to inter u'lxm and take pos9essiim of the mortgaged premises, and to collect aril receive the rants. issues and profits -- thirrtrof;=aYrid=apply-the-seine, less ciitits ot-uperatiiin-and-rollrotier5, ttprn fhe- iridebitdnesa-rieeurrd- fly- thix mtiitgage;-said repis~,- t~trea and jiroftts being hereby e~igned to tht• Mnrtgage=a~ further security-for the psymant cd' all indebterlneaia xrtvrarl hereby.' - _ - The Mortgage sttsil Nava the power to appoint any agent or agents it may de-sire for the purpose of--repairing said prem- iaEa; reefing !ho-same; tta}lepSiat: the rettta, revenues-.arid income, ant! it may pay out of said-income at# ex penses incurred in-rent- ingandmanagingthe tiameand irfcollectiirg the rentals thernlzom. The balance remaining, if any, shalt tre applied toward the - - - --discharge of tyre-mortgage irtdebtertnesa.._ This-assignment is to terminate and become null and void upon release of this tnortgape. -. ~,4 ~a r;^ . ^~;