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79-° ~~'rCro`~ The Mortgagor covenants and arMn-ees: (i) That Zhe Mortgagor will pay the indebtedness as here-abefore provided. (2) That the Mortgagor is the owner of said property in fee simple and has good right and lawful authority to sell and convey the same arcd that the same is free and clear of any lien or encumbrance; and that Mortgagor will warrant and defend the title to said premises against the claims of all persons whomsoever. (3) To pay immediately when due and payable all general taxes, special taxes, special assessments, w¢ter charges, sewer service charges, and other taxes and charges against said prop- erty, and all taxes levied on the debt secured hereby, and to furnish the Mortgagee, upon re- quest, with the original or duplicate receipts therefor. The mortgagor agrees that there shall be added to each monthly payment required hereunder or under the evidence of debt secured hereby ¢n amount estimated by the t5~lortgagee to be sufficient to enable Lhe Mortgagee to pay, as they become due, all taxes, assessments, and similar charges upon the premises subject thereto; any deficiency because of the insufficiency of such additional payments shalt be forthwith deposited by the Mortgagor with. the 3ortgagee upon demand by the Mortgagee. Any default under this paragraph shall be deemed a default in payment of taxes, assessments, or similar charges re- quered hereunder. (4) To procure, deliver to, and maintain for the benefit of the Mortgagee during the life of this Mortgage arigircat policies and renewals thereof, delivered at Ieast 10 days before the expira- tion of any such policies, insuring against fire and other insurable hazards, casualties, and rnn- tingeneies as the Mortgagee may require, in amounts and in companies acceptable fo the Mortgagee, with toss payable to the Mortgagee. The coverage under such policies shall be limited to the improvements now or hereafter ereeled on the above described premises. In the event any policy is not renewed on or before 10 days of its expiration, the Mort__gapee may procure insurance on trhe improvements, pay the premium Cher QQr, and such sum shall become immediately due and payable with interest at the rate of_........__.~laven (ll.. ~%) ,......_...._._......_......per cent until paid end shall be secured by this Mortgage. Failure on the part of the Mortgagor to furnish such re- newals as are herein required or failure to pay any sums advanced hereunder s?~.att, at the option of the Mortgagee, constitute a default under tine terms of this Mortgage. The delivery of such policies shall, in the event of default, constitute an assignment of the. unearned premium. Any sums received by the Mortgagee by reason of loss or 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 Mortgagee, such sums either wholly or in part may be paid over to Lhe Mortgagor to be used to repair secch buildings or to build new buildings in their place or for any other pur- pose or object satisfactory to the Mortgagee without affecting the lien on the Mortgage for the full amount secured hereby before such payment ever took place. (5) To promptly repair, restore or rebuild any buildings or imnrovements now or here- after on the premises which may become damaged or destroyed; to keep said premises in good condition and repair and free from any mecl-.anic's or other lien or claim of lien not expressly subordinated to the lien hereof; not to suffer cr permit any unlawful use of or any nuisance to e.~;.:4t o 7 ~.d xro~, _y ear *o per:nir_ ~~~_e ~ said pr~n=yes, nor to do any ether s~ why the property hereby conveyed shall hecorne les=s valuable, oar to diminish or impair its vslue by, any act or omission to act; to comply with all requirements of law with respect to the mortgaoed premises and the use. thereof. (6j That should the premises or any part thereof be token or damaged by reason of any public improvement or condemnation proceeding, or under right of eminent domain, or in any other manner, the Mortgagee ahail be entitled to all ttxnpensationa, awards and any other pay- ment yr relief therefor, and shall be enritled at its option to commence, appear in and prosecute in its own name any action or proceeding, or to make any compromise or settlement in connec- tion with such taking or damage. AtI such compensation, awards, damages, right of action and proceeds are hereby assigned to the Mortgagee, who may after deducting therefrom all its expenses, release any monies so received by it or apply the same on any indebtedness secured hereby. The Mortgagor agrees to execute such further assignments of any compensation, awards, damages, and rights of action and proceeds as the Mortgages may require. (7} That in case of failure to perform any of the covenants herein, the Mortgagee may do on the Mortgagor's behalf everything so covenanted; that the Mortgagee may also do any act it may deem necessary to protect flee lien hereof; that the Mortgagor will repay upon demand any ttso,-eeys paid or disbursed by the Mortgagee for any of the above purposes, and such moneys, together with interest thereon, at the rate provided in said note shalt become so much additional indebtedness hereby secured and may be included in any decree foreclosing this mortgage and be paid out of the rents or moceeds of sale of said premises if not otherwise paid; that it shall not be abtigatory upon the bftrtgagee to inquire into the validity of any Iien, encumbrances, or claim in advancing mo»eys as above authorized, but rwthing herein contained shall be construed as requiring the Mortgagee to advance any moneys for any ouch purpose nor to do any act here- under; and that Mortgagee shaft not incur any personal Liability because of anything it may do or omit to do hereunder.