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f <br />THE MORTGAGOR FURTI-IER COVENANTS AND AGREES: <br />That the Mortgagor will pay the indebtedness as heminhefore provided: s'- <br />That the Mortgtigor is the owner of said propert-y is fee simple a»d has goad right and lawful authority to sett and <br />cronvey the saritz and Shat the aatse.is free srtd clear o€ env Lien or encumbrance: and 4hat Mortgagor wilt warrant and defend the <br />title to said premises against the Claims of all perscros whamsoever. <br />To pay immediately when due and gayahle ail general taxes, special taxes, special aswscments, water charges, sewer serv- <br />ice charge4, and o}her taxes and charges against said property, and all taxes levied on the cleht secured hereby, and to furnish the <br />Mortgagee, upon request, with the original or duplicate receipts therefor. The Mortgagor agrc ~s that there shall he added to <br />each monthtc payment required hereunder ur under the evidence of debt secured hereby an amoani estimated by the Mortgagee <br />a'M fo be su(6cient to enable the Mortgagee to pay, as Ehey btroma due, alt taxes, asu ssmeMs. and similar charges upon the prem- <br />ises sub;eCi }3:erek.; acy de5cxncy ~eause ai the iruu£?4ciency of such additional payments :half be forthwith deposited by rite <br />Morigagar tcii3t ftm 'Mortgagce ugon demand hs. rite Eiortgagee. Any default under this paragraph shall he deemed a rletault in <br />paymenf of Eases, assessments, nr similar charges n~qutrrd hereunder. - <br />r <br />The MuYgagar agrn~ that there shall eta? br• added to each monthly payment of principal and interest required here- <br />under an amount estimated b>- the hlartgager to br sufxcient to enable the :Eiortgagee to pay, as it becomes due, the insurance <br />premium am any fnsu ranee p.>iity- delit-enat tc the :Eiortgagee..4 ry deficienct~ Krause of thz insufficiency ref such additional pey- <br />~ meats shall be &rrthutih drprniied ht- the Mortgagor with the ~f urtgagee urn demand by the Mortgagee- Any default under thi_c <br />~ paragraph shalt hr rieeru~al a «efault in the payment of insurance premiums- If the puticy or policies deposited err such sz `n_m.• <br />- owxsers or al? risk poliries, and the deposits are insuRtcirnt to pay the entire premium. the :tier#gagee ma}~ apply the deposit to <br />pay premiums on risks rtqutrrd to k+e insured ht• this mortgage. <br />Payments made 6y iha~ Ma:rigag~ur under the ahoy paragraph= mxc. at the optin^. of ilte ~tortgsgee, be held by nand <br />commingled wsth other wch funds nc its oun funds fur the payment =.,f =uch items, and until so applied, such payments err hrrehy <br />pte~dged a; weunty {c.r the unpaid i>_alarcr o£ the m:.rtgagr indehtedne~cc. <br />Ta pttxum, delver #o and maintain £or tl;e kx~nefit nF the \i,+rtgagrr durirtF tl:a~ hie of #hi. mortkagr original fx>tx•trs and <br />r errewwais t'tet'rof, drfiverrrl at bast ten da3~s k+eforr ihr rxpiraiion a.! any curb txahc~tec. m.u t:ng agamst fire and other +nsu rah3e <br />tsazards, emua#tiea, and contingrnries as the Morfgager may require, in an amount equal to the indrbtednesa secured ba this <br />9iurtgage. and to xmpantrs a_^. rgrtah!r tx, the \iartgai~rr. uah !v.+ pap at9r causo ut fa~..+r ;.f and ;n G.;rrn acrrptshlr to the ?.iurtga~ <br />lire 1n the ra+rttf yn}- {*.ti+c}~ is not rrneuett n.a .+r t+rforr ten dsys ,+f a.+ i•xptra 4en. ihr \iortgagre ma} procure imuranee :.n the <br />rmprw~rmenta pay the premium thrrefnr. and such sum shall Fkr.+me tmmr:ltasrJt due anti na}-a't+ir with snirrri at the rate u•t <br />forth m said Heir -snail pxrd anti ctta7l he r;rcu red h+ tirtc m;,rtgagr Faslur• on the Inert ni the M.~rtgaKor to furnish such renrw~als <br />as err herean mquirrd .•r Failure i;. oat any sun>,< advan Seri herrun<ler .ha;l. at the opisnn t+f the \Sortgagre~, a~,+n.tnute a default <br />ut>s+rr the te,-xns of tht+ m.+r'~age. The ,ielarer~~ of such {a?;,cir. cha!!. to ihr ra eat of ,ir£ault. n~:nstrtutr an ascrKnn:ent [:{ the un~ <br />ranted premium. <br />.Any sums reiYia ed ht t:ne \; or#gagre b? r a_k r. =:f i. .. <?r damage :nsurcr a~,ainst may tw: rrtat:ia~ca. by ihr \i:rrigagee <br />and applied truaard the t:as meat %.f the debt here4+y er•cu re.i. ?;, z, at ihr eptic,n r.f the Mortgagee, such sums either wholly us m <br />part man he Arid r*.rr to the M.:,nga«',+r t„ t><- used to repa.r .uch huiidings nr to build new buildi:.gs in their Plare or for any <br />ntxr pure ur c+bsrrt saizsfaston~ u. the Moncager wtth,~ut atTectmg rite hen <.- the mortgage for the full amount serurrd here <br />by before :ct:rh patmaeat Tarr is c+k Pla:~e <br />Tt: p--antptgv rvyratr. rrct::rr ~r reboil<i ant hutl,isnyc .;c ,mpraa~emrnis nt,u „r hrreaf#rr on the prYmi.ty whreh maz- M- <br />ome darraMw~d rv destr-:t eci t:~ i:~e••p +asv {~;~-a:.se•; sr ,;awu3 rnndit:.+n and repair and free- Frram ant mr. ha r.~c- hen or u[iier her, or <br />claim of dxn rx:+t rf;:rc-»h _3tsc. ris~a~r, ;u tt„r l~^. hrrYaf n.u :_, wffr. .,r Ix-rrn,t sm ~nia~fui u~- ,+; :,r an; nuuancr t,: east un <br />S.Raa't ptnyaert> oar to ;+e-snuff wa: t< ...n cAn.'. prrmr:.r; r+~~r ::, :1.., ant a.t her a.t -:a hrrrc+: tar Pra,;?r rtt~ 'nrrrht c.. nveyrd v.hai) hecorrte <br />Seas +a:uahtr. rear to d>,:-r:ns,2: o,-:m;ar z_, -. alu-'*+ sn. nit „r ?.m r.:v::.-:., art >.,..-. a;:h u!1 r ~usrrmenu of Saw uith resi~rct <br />tea tar tnr.rtgrgs•d premrses xrd The ut+e tow tw:.f <br />?'4+a# snvu?d the ;.srrr.:s.rs :;r x ,~ar~t rr,r r.. •f tr~ ..,, ,. , r ~~a;-,~t.;.~- -+_ . . , , a., ubl,, „nprr»rmrnt oz rondemnaiion <br />ferracHeliag ar under tri.- rxg `. -r;t-..rr .:-.rr:s3s~. - . .•. s=.;+- ~.tn-r t~an?Sr* :te- 'I . „a;:'.:r -a~; to :-.•rt:t4 i t:• ail ~?r.maW rsal;rns <br />xw~xris, sod aa, ,tr.. ~r ;t ., r,.,.. .,,~ ,., ,. ... -i ~...,, .....,. .,. .. , .. .-,. ~.. ..«. ,. its <br />oxr ruzxfe an;~ aex.~m v ~ 1=r.xsre,sg- .,, t" ~..ahr aa:, r=~ri:rr.mYSr - r sett=rte>at :e ,-a:.-naRrtts. watt: ~.:s::-: ta'atttg ur dsrnagr Rt5 such <br />cxmspeaaaticu:, r+.-ar3'=. ._.:agrs rrx t :.r ar;rr.. a~., ,-;n~re+ds n:r irrrrt+. as_ksg'4=•c' ;:, tiw +i urigagfr* u-iu+ may. ai2er rleriueting <br />tlaeretrata alt f;a ei prn_srs, rnrmrr ant n•s:uae+`s +s~ se*,-+r-~,,.-d h+ :t ..r at•Pka :h- ~tmr .r. ens i:r3ebtedrsess secured hereby. Thr 1.iort- <br />g..hr agrre¢ to eiaeatte sr,-i: #nsther aa~grtrr~nt?; -+I ant ~~;~#a-><wt--+r a»ar,.-.:iamag~x nerd rsgit is ::S art:nn nerd prcK-er-ti. as the <br />~ortdxtttae Huy rcgtttrr <br />That. ra case .+f 3astane to } -r'is<rm a -s :vt ire- ,•;,. roar::: 'r. sY-, r; :.~ '.I •..rt~ag<~r may , „r. the 'al-,rtyagor`_i hrSxatf r4rrt tiring -' <br />an c<*t+~rnrat.-3; that t},a- MrrsgtK"r' :naa a... ...- ann .4 t ,t r,:t s~rrss :m-,^r•,~n t, ,^.ra:tk.-z. tiaN itYn torrent. tE:at tar ~iongagar utll '.sue"' <br />r+`Ssry upon demand eat r.aanet> etc: c2 .•r :z+r,r saM:: ?~, ..+r \3..rtF a,.a= !+,. r„• .,f tt:r ah•+r psi r,„~-< and wrh ma?nrvc - .r;ether with <br />aatx+iesi trstra-us at t#x- zatF g,r.,.~,3r-n ,•; ,a. n.a..r:at; :~-, .,,~ ,,:- ...... ~, r.s.s:t:..,ra: .r.dr},tr~inr~s hr rrb> .arum,! xnci nu5 Pr ia~ <br />t~ic3ed L acy cdt+erKr fvrrr~ei~asgx his m.*Nr~acr asd tat. _~wd 2 ,.d tt,r .. _.. w<i- ,f rate of ±aid f rtrna.rs ii :a!?t afhrrwise <br />peat; t>xat if sha37 Hirt #e~ otdipatatn- u}xxt time ?vixrrt,{cagcr is ?asgt;err rr.,:- *. <'te ,a:iri,.+ :,! a:tt Iwo. rax~umhranees. c.a maim in ad. !+i <br />:yiscir;g TM.:mr}•a rm aber~e a;:?har::.z~ but nn#nchg E,err_n .-t,ntutnri ~+; ~.i'". t+ raa:e4tr!:rt as rrquirnx, ihr Ricrtgager tt, arYvancr any <br />texxrry~€ fan arty` sure parr.-,;z roe t_. iYa ar.. are =K~rt•.. dr. fad rhsi ti3 x:r.gag~ =has1 n.,t ,ncu* a,.. t+r rs,.r•-al !:ah,fita tM-e~au,e ,,f an, - <br />tt afa)• da err emit tea du hemundx. , <br />in [gar ant :ai rise data:>it vim- 1,1 a.r ;gager in t:Yw- ua}•mrnt c,f ans~ .nxiriln.rnt ar• requis..i n. :. r \otr *.,rcu rid to zehy. nr <br />m ~rSae .p,arf'~a z d the u&iigatrcar; in sfvs mr=rigs;r a:r to tare Hart ecru reed thereby. tic Mortgagee shalt he coil tl4.i tc dr~lrrr the <br />t14~x stte3irilt Ixtreh> due read F`vyahit a~-thsa,ft slafxtle, nerd fhr 41x,rtgagrr shall 1•k rnfitir-? at rig •.,pti.•n. uith,.ui nr.i:rr either fi}~ itself <br />..* ?^z~ a r-+.-zn°rr t + t=r ,ux'•r' -=-r.~! h3~ rte <-..,.. ,, .n..- >-,y «;tt+;,~,t regard 9,, the art~{uar}~ ~,f er t~ ,rcu rit; h,r the ;ndrh:z:!r;r>; :r <br />~:.trea . ir, cr ire tiiar`i .red iri,t p,.awa•a:trsn r;# :.ter ,,nRaa'r;i purr>sse>. and t~. ix,liert ana era::.r ti:r rrnfe. t~~a-s ar,a ;,; e,tits <br />tkererd, mad a}•dpf}' t3fe qtr. -tens rce.i_. sd a{.rrntx.n and <-ciliecvn, upon t?a ;.xt3ehtec;nc-ss secured 'ey thtr mori.gngr: sa#d :entx. <br />sasues mad prtdtta attn[ iaeeet'y faFT{;rrr4? to ihr--. Maartga;a+-Y as luni-,er •;e.-u riit fr•r #tsr ;~~:, mcnt :~f a?I :n:7rt~tH nr., ter. ~..-,7 7,r rrt,+ <br />Ti #ss A/l+iigtg~ xisa55 }smut t#fr iwwrr te, a{.aPcnnf 5.rsy a~,~nt ar agr'nis ii may dr>ire fc=r tsar pur;ausr of rrpa#rirg wd prern~ <br />tees: rs;otaeg t3ae wee. cutSecxing the rerts. rr vrrx;tx ar:d :ra~:=unr- grad it rfws paq nut of said inccrose a13 exprnsrn 4nrurrrd to rrnt~ <br />>~ mad taaaagiag tt~ same and t1 er#ltcting tt-x rrnlaie tixrrrf-,m The halarar=: remaining. :f env, shall fie applir-d u.ward the <br />rd the +' ~. T't:ts axxigtanu~r~.i is ;c, tr. mi:.atr and ben:mr cull aru'l cc-d upon release of this mortgage. <br />L <br /> <br /> <br />