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TH$ MORTGAGOR FURTHER t7t1NI.?~:tAN'l'S AF:'f) AGREES:
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<br />That that Mortgagor will pay floe sorts>}rta~tina.~tss as ltm~rtrinF>trf+.ure prrcw~'idc~~ci 'r~ -~.:f" yry9~.H~wf ~ ~"
<br />That ttta,'~.t,1±Sdr'~~kgagoz,is the owner of~~.sygGd ttro}xerty fn flee rstmple Hn,~. has ,,good right and lawful' authority Ito self an<l
<br />convey the same and that-the~same is~free and clear of anylien or encumbrance; arid'Lhat Kortgagor will warrant and defend the
<br />title to said premises agaiitat the claims of all persons whamwever.
<br />Tn Fay immediately when due and payable alt general faces, special saxes, special assessments, water charges, sewer sen--
<br />ice charges, and other taxes and charges-against said property, and all-lases levied on the debt secured hereby, and to furnish the
<br />Mortgagee, upon request, with the original or duplicate receipts therefor. The Mortgagor agrees that there shall be added to
<br />each monthly payment required hereunder or under the evidence of debt secured hereby an amount estimated by the Mortgagee
<br />to be suffittient is enable the Mortgagee to Fay, as they become due, all taxes. assessments, and similar charges upon the prem-
<br />ises subject thereto; any deficiency_F~ecause of the irvsuffic:acy of such additional payments shall be torthwith deposited by the
<br />fin Mortgagor with "the -Mortgagee upon demand by the :Ltcrtgage e. Any default under this paragraph shall be deemed a default in
<br />*iy,~+ payment of taxes, assessments, nr-similar charges required hereunder.
<br />- The At ortgagor agrees that there shalt also 6e added to each monthly paym.~nt of principal sort interest required here-
<br />_ under an amount estimated by the Mortgagee to be sutficient to enable thr• `vtortgagee to pay, as it becomes due, the insurance
<br />premium nn any insurance policy delivered to the Mortgagee. Any deficiency because of the insufficiency of such additional Fay-
<br />ments shall he forthwith deposited by the Mortgagor with the !ciurtgagee uFon demand by the Mortgagee. Any default under this
<br />1 paragraph shall be deemed a defaulf in the payment of insurance premiums. if the {x,l ic•y or policies depo?sled are such as Fx~me~
<br />owners or all risk policies, and the deposits are insufficient to pay the entire pn•rnium, the 3lortgagee may apply the de{xm-d ro
<br />~ pay premiums on risks required to be insured bS this mortgage.
<br />Faymc:nts made by the Mortgagor under the above paragraphs may. at the o{a ion of the Mortgagee, be held by it and
<br />commingled with other such funds or its own funds for Lhe payment of such items, sort until so applied, such payments are hereby
<br />pledged as security for the unpaid balance of the mortgage indebtedness.
<br />To procure, deliver to. and maintain for the benefit of the Mortgagee during the life nt this mortgage origins! pobe-ies and
<br />renewals thereof, delivered at least ten days Ixrfore the expiration of any such {r~fictes, insuring against fire and other msu cable
<br />hazards, casualties, and rnntingencies as the Mortgagee may require, in an amount equal to the indebtedness secured by this
<br />Mortgage, and in tbmpanies acceptable to the Mortgagee, with loss payable clause Fn favor of and in form acceptable to the Mortga-
<br />gee. In the event am policy is not renewed un or bafare [en days of its expiration- the Mortgagee may procure tnsurance on the
<br />improvements, Fay the premium therefor, and such sum shall become irnmedtak•ly due does sayable with interest of the rate sal
<br />forth in said Hate until Faid and shall be secured by this mortgage. Failure en the Fart of the Aicragagnr te: furnish .~4ch terwwals
<br />as are herein required ur failure to pay any sums advanced hereunder shelh at the option of the Mortgagee. constitute a default
<br />under the ternts of this mortgage. The delivery of such policies shall, to the event of default. constitute an assignment of the un~
<br />earned premium.
<br />Any sums received by the Mortgagee by reason of loss or damage insured against may tee retained by the Mortgagee
<br />and applied toward the payment of the debt hereby secured, or, at the option of the iliortgagee, such sums either wholly or in
<br />part may be paid over to the Mortgagor to 6e used to repair such buildings or to build'new buildings in their place nr for any
<br />other purpose or object satisfactory to the Mortgagee without affecting [he lien an the mortgaKe for the full amount secured here-
<br />by before such payment ever took place.
<br />To promptly repair, restore or rebuild any buildings or improvements Haw ur he crafter ors the premises which may be-
<br />come damaged or destroyed; to keep said premises in goad mnditian and repair and free [ram any mechanic's lien or other lien nr
<br />claim of lien oat expressly suhordinafed to the lien hereof; not to suffer nr permit any unlawful use of or am~ nuisance to exist nn
<br />said prgperty nor to permit waste un said premises, nor to do any other act whereby the property hereby conveyed shall become
<br />leas valuable, nor to diminish or impair its value by any act or omission to act, to mmph~ with all n~uirements of taw with respect
<br />to tf.-~ mortgaged premises and the use thereof.
<br />That should the premises ar any Part thereof kte taken or damagevl by reason of any puhlie improvement nr condemnation
<br />proceeding, or under the right of eminent domain, or in any other manner, the :viortgagee ;hall he enttied to alt ~umpensatians,
<br />awards. and any other payment or relief therefor, and shall be entitled, at ifs option, !a commence. appear in and proaecvie in ire
<br />own name any action or trrctceedin$, or to make any compromise or settlement in connection with such taking or damage_ Alt such
<br />compensation, awards, damages, right ut action and pttrceeda are hereby assigned to the Mortgagee, who may. after deduMing
<br />-therefrom all its axpenscs, release any mans=ys so r~eived 6y it ar apply the same on any indebtedness secured hereby. The t4ort-
<br />-gager-agrees--to-ertettrtr~- such -furtl-ter assigrrnr=ntc-of -any ec~m;~rtsation. swards, damages, soar ri„ht~-c±f..acti~n scut #zrJa as th? -
<br />-Mortgagee may require.
<br />That is case of failure to perform any of the covenants herein. the Mortgagee may do un the Mortgagor's behalf everything
<br />so covenanted; that the Mortgagee may assn do any act it may deem necessary to protect the lien thereat; that the MartgaKOr will
<br />repay upon demand any moneys paid or disbursed by the Mortgagee (ar any of the atxrve purposes. and such mnnecs together with
<br />interest thereon at the rate provtderl in said Hate shall become so much additional indebtedness hereby sarura•d and may M in• ,..
<br />eluded in any decree fareclusirtg this mortgage and k.e paid out of the rents or proceeds of sate of said premis<•s if not otherwise "t'
<br />paid; that it shall not be obligatory ulxrn the Mortgagee to inquire into the validity of any lien, encumbrance<.. ar otaim in ad- `~
<br />vancing moneys as aMwe authorized, but nothing herein contained shall Foe construed as requiring the Mortgagee h, advartati~ any
<br />moneys tar any such purpose oar to do any ac•i hereunder", and that Mortgagee shall not incur any personal hahdity because of any-~
<br />thing it may do ar omit to do hereunder.
<br />In the event of rite default by Mwtgagor in tkta: payrnrnt at any installment, an tatquira'<t by the Note satcured hereby. or
<br />in the perfatmancas u[ the trbligati+iti in this mortgage or in the note xecured tktf>reby, the R1ort;aagee shall be entitled ut declare the _'
<br />debt secured herehy due and payable without notice, and the Mortgagor shat! he entitled at its option. without notice. either by itself -
<br />or by a reoeivor to tx apeointed by the er,tt rt the nYtL and without regard to the adequacy of any sera etc (ur the indchh•circvs k
<br />cuwd herehy, to enter upon and take passesaiori of the martgnged premise:, and 4> collect and receive the rants, issues and profits
<br />theruasf, dead apply thu same, .lass coats a[ operation acrd cattle lien. upon the indebtcs~nes5 s,c`ured #y this: mortgage:- said-rents.
<br />scatted and ptttfita being lie rehy axtiignecf tri the Matt¢itgea~ as fvttFicr security far the P;t~ rnr nl .,f :dl it i E*tr ,leer ,an vrrvi trerr•tty
<br />- - The Mnr;gagee shalt have the power to appoint any agent or agents i! may desire [nr the purpose aif repairing sand prem-
<br />ises; meting the same; ctrllecting the rents, cevenues and income. deaf it stray pay out o1 said ineartne all-expenses ittcurred in rent-
<br />ing and managing the same and of collirting the rentals therefrom. The balance remaining, if any, shall be applied toward the
<br />discharge of the- mortgage indebtaxlrtess. This assignment is to terminate and beaxtrue null and void upon release of this mortgage.
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