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<br />THE MORTGAGOR FURTI COVENANTS AND AGREES:
<br />That the Mortgagor will pay the indebtedness as hereinbefore',{S~~
<br />That the,Mortgagor is the dwoer of said property in Eee simple and has good right and lawful authority to sell and
<br />cronvey the serve tend that-the same€s ftreand clear of any lien or encumbrance; and That Morlg»gor will warrant and de[end the
<br />title to said premises agaittat tItedaims of ell persons whomsoever.
<br />To, pay itnaiediately when due and payable ail geti,Etai taxes, special taxes, special assessments, water charges, sewer serv-
<br />ice charges, sad other taxes and charges;agafnst said property, and all taxes levied on the debt secured hereby, and to tarnish the
<br />y Mortgagee, -upon requea#. with the origfnal ar duplicate receipts therefor. The Mortgagor agrees that there shall be added to -
<br />iA each mont3ity ~vment inquired hereunder nr under the evidence of debt secured herrby- an amount estimated by the Mortgagee
<br />1~ to he sufficient to enable the Mortgagee to pay, as they become due, all taxes. assesvnenis. and similar charges upon the prem~
<br />ia-s suhjcct titeretG, arty deftcie>itc1, because of the tnsuffictency of such additional. payments shall be torthwith deposited by the
<br />,~ Mortgagor yuit3i-.the .~Mostgagre upon demand by the Aortgagee. Any default antler this Paragraph shalt Ile deemed a default in
<br />payment of Lazes, assessments, nr similar charges required hereunder.
<br />~ 't'ile -3t;m~tgagor agrees that there shall also be added to each mnnthlY payment of prinr+Pa! and interest required here-
<br />under an amrwnt estimated by the Aforigagee to be sufficient to enable the 1lfartgagee m }ray, a. it becomes due, the insurance
<br />~ premium an any insu canoe pcdicy delivered to the Mortgagee. Any deficiency twcause of the i+isuffectency of such additx,nai pay-
<br />~ menLc shall be forthwith deposited by the Mortgagor with the \lortgagee upon deme~nd by the Mortgagee. Any de[ault under this
<br />paragraph shat! ire deemed a default in the payment of insurance premiums. If the policy ar policies delxnited are such as Fn+mr-
<br />tstraers or all risk policies, and the depo_cits are irvsuf6rient io pay the enure premium, the >vfartgagee may apply the deposit to
<br />pay premiums on risks required in he i~se*ed by this mortgage.
<br />Pacrnenis made by the \fortgagar under the shove paragraphs may, ai the option of the Dortgagee, 6r held by it and
<br />imrm3ngled with oilier s-itch funds or iv own funr~ for the paymient of such items, and until so applied, such payments are hereby
<br />pledged as securih for the unpaid balance of the mattgagr indebtednrsc
<br />To procure, deliver to, and maintain fur the t,enrfii ++f tl+e Mori gagee during the life of this mattgagr original }x+ticrec and
<br />traewais theteaf, delivrrrrf ai feast ten days lrefan The rape ration of any such po3irtrs, insuring agavist fire and other insurable
<br />hrtrards, tasitaitiea. seal caatingeziriea as the Mortgagee tnay mquirn, in an amount equal to Ehe inda:btednesa secured by this
<br />h t.,_s ;ravatilr ctau~ in fsvar of and m h+rm atreptahle to the \tartga
<br />Mortgage, and in companies ac~~-~•. ~= Ir ;... tf~ i•~ ~t arm =.. -;e,..
<br />free- la the event any policy is nut rrnrwr3 on or before ern days of its expiration, ihr Mortgagee mac pmcu re insurance an the
<br />imPrw+entenis pay t}ie premium thrrefar. arK3 such sum chap hec:une immediately dur• and payable wish interest at the rate set
<br />forth is said cote until paid and shall he .eta red by then mangage. Failure on the part of the Mortgagor to fu rnixh such mnrwals
<br />as err herern atquized ar failure in pay soy sums advanced hereunder shall, a[ the opttan of the Mortgagor, ct+nstiiute a default
<br />under fhr terms c$ thtc mor~agc-. The deb,-rry~ of such pc+licies shall, is the ea•ent of default. r~nstiWte an aaignmrnt of rhr un~
<br />[arrrtd presraiura
<br />Ar>_c stems raxivtd iav the Mortgag ±e its' rea-aou of lass or damage located against may be retained by the Mortgagee
<br />sad applied for-ard the payment of t3ae debt hereto- secure' ar. at tier option of t'ir Mortgagee, such -sums either whaliy or to
<br />part may ire ptid ewer w xhe Mortgagor xn err need in repair such buildings ar to build"new twi}dingx in their place or for any
<br />otluv purpose or abject saSisfartan to t-tie MaHgagee without affecting tlw lien on the mortgage far rhr full amai•nt srctt red here
<br />by he$ure sudi payment ever urok pine.
<br />To ptampily mpair- irsSair ar re>bttild any lwi3dings or improvements now am hrreattrr an the premises which may he-
<br />enmr damaged er destmyrd; to keep said premises in good mrdition and repair amt free from any irxchanic.'s hen nr rube, lien or
<br />daim of lies not expmsaly subordinated to She 3rrn hemrf: not to suffer nr permit any uniawiuf use at ur any nuiaarxr to ezist on
<br />and propertc rear in Permit was`x tYi said premises. nor to do any other act whereby tiie property hereby ex,nveyed shalt hetome
<br />!ra¢ vatuatsie. nor m diminish ar impair its value by any xf or runissian to sH: to rnmply with alt requirerrxnu ut law with respect
<br />to the mortga;gerl premises sad the use thet+eof.
<br />That ytiouid rhr preniisrs ter any part Lhrr:•oi be taken nr .iamaged by rras.,n ai any put'zr impmvernrnt ar cundrmnation
<br />praKacdrg6. ur under ilie rtghi of emtrient dtrnaui. wr in env a,atxr itia.nra~r, ih.~ :+:...rzgat;.-.~ .i,.r;: ix ,..;.il~~.: :~ a;: ~.~.mjxnsaLauci.
<br />awards, tad say lather paytneat or relief Llrern#au-. and shall t+e rn titled, a1 its optical. to ix mmracY, appear in and prosaeutr in its
<br />iw.=a ~amr aey artnt+r yr Piag, or to make any mmprcanise or setileaient in connection with stteh taking er damage. Atl stttda
<br />rarsataemsaiion. awards. 3amages. right rrt action and prirmeda ara• herriay abagxeed W She Mortgagee, w•Ma rrufy after deduHing
<br />;ysast; ~1 icy ,cam:., ts•]ersar• any rnav+rtis su rearrard by ri e,r apply the satnr our any ntdrbi.dnrs> 3a+-ur d hereby. Thr llott-
<br />iolnr~'s+ is sartt F awls =ef at'3 corirpenxation. awards darraages, and ri;itts of action ant prereeds as the
<br />say t~>:,.
<br />7~+at is Geer art failure m pv:rfrum any +d ihr r~veitants hereto. thv Mortg;ger ir~y' do on the 34ortgaitt+s behalf e.•etythiag
<br />a eoaePna#dlxt; that the Mra'tga}=ee tnaY alsxr tin any aH it may deem nraarsxary to prat+n~t rhr 3irn thereof, that the Mortgagor will
<br />trpay ayytie demand say moaeYS Paid ar itisbixrsed by the Martsasev~ fm env r+[ the about Purportrs, and surli motleys tugatlirr with
<br />iraSeremt {itet^t+iap at the rase prowsdad in aid note sfiali tra+,.unr sa much additiotzsl utdebtedneas beech}' aecurcd and rosy ~ in-
<br />t3aided is ~ zieCrl~e fttreci4ctaq; this navvtrg°age sad fee pied out aY tier rents ar pnrecds of axle of said piemisrs if not oiherwiae
<br />~; t3Wt it shat! sat be- eNigattar9 upon the Mtrrr4tnger to irpviin int+a tM v°atiditY of any lira rncumbrantYS, or claim in ad-
<br />ir+re~3a ya abrrar atosiar~•i. hstt ~hixtg Ite:ria izvituned attsii be rutstrurd as requiring the Mortgagee tc advance any ..i
<br />~~ i~ airy such pttrurne srs to do any art hereunder. and that Mortgagee .halt oat incur env' Fers.mal ltalai3ilY brcaaee of any- $
<br />$ am1F do ar attont io do lreirundar. t~~'
<br />lA the eaetti sit fg rit4ault 3+y Ma*r'iKago,r inn the Papmrni of any tnstaUmrnt, as rFquirrd by rhr f~ote secured hrre6+y. ar
<br />~ ~ ai the at+an in skis mtatgage or is ihr tmtr atxxasrd themby, she Mortgagee shaft be entitled W declare. the
<br />delg tettrtaad laemehy dtu tad pasahlr rittaiwi adior, and the MorlgaQra shalt Sae entitled ai eta opiina r:iflwut rrntior-Either by itself '
<br />a~ ~, a tstriver So Ht rrppranti'd try tiu• rrxiirt thereat. acid wirhaut regard to the ade7uar}' s;f say vrurtY tnr !hr in+fehtz•3n.~s se~
<br />raarerl Jbteip7, aG enter iepoa acrd ttis[e Possasainon crf 21ae mangaged Premises. and u. calk-k~t sad rcrrt*r i?te rents. ixsur. and Prarfits
<br />tlriare~al'„ ~ a~pii the saiase, 3a~ aetsts r'd sg+e+tiwn and i~e+l'lecYaoa upon tier iru3ebt.xinesa r~cumf by }hi- mortgage, said rents.
<br />y~,y ~l hem a to tii;z Ylt#rtSagre aia fib -lace seturitY f''a the payment of al! indebtedness secured herrby
<br />- +~ }ga r6e g„a~er sea a;apaiat sag ageai ar agetria ai rawY drsana for the purptiae of repairing said prrrn-
<br />ittes; the ~artaae; txafilsetigg the cells, r+euxaues aed itrcrar+e, amt it cosy pay rgrt ~ said income all exPr'nees itaatrred is rent-
<br />- iatg aed tatitau~fiatG i3ar setae led ~ rolleetit~ the rentals tlaerefrcam. The balanre remaining, if enY• shall be applied toward the
<br />t d t~ ~, IT:ts afai;Maeat is to terminate acrd hecnrtie null and void upon release ai this tnottgage.
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