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THF.' Mt1FtTGAtt7R FUF[TIIE;R t.'t:)VliNAN1:S AND AGFtET5: 'Phat fhe bortgagor will pay the indeb*.edncs as hereinbefare prv~7 ~ ~~r-. ~~~~- That ttte Mortgagor is thB 6wner of said properfy in fee simple and;itas gacai tight` and lawfrd out' Drily to sntl arrl convey the same and fhat the.same is free and clear of any Lien ur encumbrance; and that Mortgagor will warrant and dofend the title to said premises against the claims of all persons whomsoever. To pay immediately when due-and payable all general taxes, special taxes, special assessments, water charges, sewer serv- ice charges, and ottrer taxes and ehar~8s againsk said, property, and alt taxes levied on fhe debt secured hereby- and to furnish Ehe -- Mortgagee, -upon. -request; with ,the original or duplicate receipts therefor The Mortgagor agrees that there shall he added to each monthly payment required hereunder ar under the evidence of debt secured hereby an amount estimated by the Mortgagee ~.~ to be sufficient to. enable fhe Mortgagee ta. pay, as they become due, alt taxes, assessments, and similar charges upon the prem- ices subject, thereto; any- deficiency because of the insufficiency of such additional payments shat! }x, forthwith deposited by fhe _ ~.~ Mottgagor wrth the Mortgagee upon-demand by the Mortgagee. nny default under this paragraph shall be deemed a default in ,. '-paymerit- of faxes, assessments, nr similar charges required herrund.=r. - The Mortgagor agrees -that. there shall also be added to each monthly payment of principal and interest required here- . '- . -:under an amount estimated by the Mortgagee to be sufficient to enable the Mortgagee fe pay, as it becomes due, the insuronce l~ .. premium on any insurance policy delivered to, the- Mortgagee. ARY. deficiency because of the insuR.:;iency of such additional pay- 9 menu shall be (arthwith deposited by the Mortgagor with the Mortgagee upon demand by the Mortgagee. Any default under this ~ paragraph shalt be deemed a default in the payment of insurance premiums. If the policy or policies depn?ited are such as home- owners or all risk policies, and the deposits are insufficient to pay the entire premium, the Mortgagee may apply the deposK to pay premiums nn risks required to be insured by tF.is mortgage. Payments made by the Mortgagor under the above paragraphs may, at the option of the Mortgagee, tw held by it and commingled with other such funds or its own funds fnr the payment of such items, and until so applied, such payments ar+~ hereby pledged as security for the unpaid balance of the mortgage indebtedness. To procure, deliver to, and maintain for the benefit of the Mortgagee during the life of this mortgage original policies and renewals thereof, delivered at least ten days before the expiration of any such lwlicies, insuring against fire and other insurable hazards, casualties, and rnntingenciea as the Mortgagee may require, in an amount equal to the indebtedness secured by this Mortgage, and in ~ :meanies acceptable to ih~ ;tartgagee. with lass payable clause in favor of and in form acceptable to the Mortga- gee. In the event any policy is not renewed on or before ten days of its expiration, the Mortgagee may procure insurance un the improvements, pay the premium therefor, and such sum shaft become immediately due and payable with interest at the rate set forth in said note until paid and shall Uc~ secured by this mortgage. Failure nn the part of the ivfortgagor to furnish such renewals as are herein required or failure to pay any sums advanced hereunder shat!, at the option of the Mortgagee, constitute a default under the terms of this mortgage. 1'he cfetivery of such policies shall, in the event of default, constitute an assignment of the un- earned premium. Any sums receiver) by the Mortgagee by reason of toss or damage insured against may be retained by the Mortgagee and applied toward the payment o[ the debt hereby secured, or. at the option of the Mortgagee, such sums either wholly ur in part may be paid over to the Mortgagor to be used to repair such buildings or to build new buildings in their place or fnr any other purpose ar object satisfactory to the Mortgagee without affecting the lien on the mortgage for the full amount secured here- by before such payment ever tank place. To promptly repair, restore or rebuild any buildings or improvements now ur hereafter on the premises which may be- come damaged or destroyed; to keep said premises in good condition and repair and free from any mechanic's lien ur other lien or claim of lien not expressly subordinated to the lien hereuF: not to suffer or permit any unlawful use of or any nuisance to axis! on said property nor to permit waste un said premises, nor to do any other art whereby the property hereby com~eved shelf become less valuable, nor to diminish or impair its value by any act or omission to act: to comply with all requirements of law with respect to the mortgaged premises and the use therevf. 't`hat aheuld the premises or any part thereat lx+ taken ur damaged by reason of any public improvement ur condemnation proceeding, or under the right of eminent domain, or in any other manner, the Mortgagee shalt br entitled to all eumpensations. awards, and any other payment ur re{ief therefor, anti shalt t*e en tilted, at its aptiun, t~~ c+,:nme~nc~•, at,t;+=ur ir. an,l f.rosee;ut,e m its overt nano. any action ur prr~ec#ing, or 20 make any comer<rmise ar settiemeat in eunneetion witfi suuh Gzking or damage. Ali such compensation, awards, damages, right of action and proceeds are hereby assigned to the Martgagee, who may, after deducting therefrom all its expenses, release any moneys so received by it ur apply the same on any indebtedness secured hereby. The Mort- gagor agrees to execute such further assignments of any compensation, awards, damages, and rights of action and proceeds as the Mortgagee may rnquire. That in case of failure to perform any of the covenants herein, the Mortgagee may do on the ~fnrtgagor's behalf everything so covenanted; that the Mortgagee may also do any act i[ may deem necessary to proteck the lien thereof; that the Mortgagor will repay upon demand any moneys paid or disbursed by the Mortgagee for any n[ the above purposes, and such moneys together with ~ a interest !}tereon at the rate provided in said note shall become so much additional indebtedness hereby secured and may he in• eluded in any decree foreclosing this mortgage and he paid out of the rents or Proceeds of sale of said premises it oat otherwise A paid; that it shot! not be obligatory ulwn the Mortgagee to inquire into the validity of any lien, encumbrances, nr claim in ad-,~•~ vancing moneys 89 above authorized, but nothing herein contuined shall be construed as requiring the Mortgagee to advance nny =.~ moneys for any such Eurpose our to do any act hereunder; and that Mortgagee shall nut incur soy personal liability iwrausr of any- , thing it may do ur omit to do hereunder. In the event of the default by Mortgagor in the payment of any installment, as nuluirett by the Note secured hereby, or , in ihn perfurmam^e of the ubligatinrt in this mortgage or in the note secured thereby, the Mortgagee sFtnll be entitled to declare the-g-'t- dabt secured herFtry <lu~ and payable without notice, And the Marrtgagea shall bc+ entitled at its option, without notim, either by itself ur by n rcwY°iver to ix= appuintr<d 6y the cuu rt thereK>f, and without regard to ih~ adequacy of any security fur the indelrte~dnes.= }e- nured. hereby, to-t!nter upon artd take pgssession' of the mortgaged premises, and to collect and receive the renG;, issues sod profits tlteren[, scot apply. the same, loss casts of operation and collection, upon the indebtudrtess secured by this mortgage; said rents, issues and profile being hereby assigned tothe h4urtgagee as further security fur the payment of alt indebtedness si~cured Aereby- - The-Mortgagee e#iall nave the power to appoint any agent or agents it cosy desire for the purpose of repairing said prem• ices; renting Lhe same; rnllecting the rents. revenues and income, and it may pay out of said income all expenses incurreri m rent- ing and managing the same and of collecting .he rentals therefrom. The balance remaining, if any, shalt be applied toward the discharge of the mortgage indebtedness, Thia assignment is to terminate and become null and void upon releatte of Shia mortgage.