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<br />r 'I"'4FE fed!fDI"{'Tf,AGC3R 8+'tF1R~`II~ER f,Xt'l7ENAPd'I5 ft,3ti,i~:l;~EE&~
<br />Thhat the'i~, 34j[Qlrk~agor, widf (;iajr tl a indebt~'dneRS ss'herenhiS (ours provid~rJ ~'~i ~i ~~ i
<br />That fgrei, aitcrrtgago~~iisktl~e 'Mw-,-r of sal~lirl protnd~rty in fr~r simipfe an~f bs. gans~,'~IY^igfit @rnrt IhtvH'V't3F autChrnt'tlp' 1',ta m+hl~a itnki
<br />convey the same and that the same ra (tee and clear of any Eien or encumbrance; and that Mortgagor wilt warrant -end defend flee
<br />'a - - - title to said premises against the -claims of off- treteons. w}irxn"soeveri - ~- -
<br />- To pay immediately when :life-an3 payable sIl general taz:'.s, special-faxes, special as_~ssments, water charges, sewer serv-
<br />ice charges, xnd other taxes and charges against Bait! property, "and ail fax+.s levied an the debt secured hereby, and to furnish the
<br />Mortgagee, upon request. with-the-.original-.or duplicafe_receipts therefor.-The Mor#gagor agrees that there sba}f be added to -
<br />each monthly payment required hereunder or under the evidence of debt secured here-by ac-amount Qsiimated by the 'vlartgag+~e
<br />to fie suiFic+ent fuenable ;rite Mortgagee to pay, as they became duo:. alt taze~, assesrcrrients, ant! Simi}sr charges i#poc file preen-
<br />2 ~ ices subject therein; any iieficicncy because of the insuiiiciency of such sdd3tiortal payment shall he forthwith deposited by ihP -
<br />hlorigagor with. the 7vfortgagee upon demand by the Zfortgagce Any r+;efaulf under this paragrtph shat( M• r7r-emerf a default in
<br />Paymerif of taxes,.assessments, nr similar charges required hereumder. _ - _ ~'
<br />z
<br />The Mnrigagnr agrees thei there shall alst> he added to.each month?y payment of prtnc:pal and-infr rst requ>red here-
<br />- under an an;aunt estama+ er! t>y the Stfnrtgagee io b+~ ~ulficient t + enable the 1Sortgagce to pa}, as it be€c>mes d r+=, the 2s-trance
<br />premium r=n ant taco rune c policy rleltvared Yo the Ivicrtgagee Any deficiency her-nose of the +n=ufticiency of such addit+on3r _S>ay-
<br />mr~at-..Shall Fe fort}iv. tin deposited by fhe ?vtortgagcr wilh the !Slortgagce upon d-mend by thr• A'[ortgagee. An}• default undei this
<br />~ parag raph shall 1>e dr m d a default en the payment of msu once premiums. Lf the prsiicy or polities deprisifer3are such 3g home-
<br />~ n-vner5 ar alt risk Iwticies, and the deposits are insufficient to pay the entire premium, the kfortgagee may apply the dep~-it to
<br />pay premiums on risks re<tuired to be insured by this mortgage.
<br />Pac-mvnts made by fhe Mr;rt;;aiar under the abr>v~ paragraphs may, at the option of fhe it2urtgager, tri• held by ii and
<br />[ = commingled with ether such funds or its own funds for the payment of -such i{erns, and unfit so applied, Stich pa}anantc are hereby
<br />~:_ pledged as securrty for the unpaid balance of the martgage indebtedness.
<br />To procure, deliver fn. and maintain for the benefit cf the Mortgagee during the life of {his martgage r+riginai n ~~.. ;rs and
<br />_ renewals thereof, deliverer! at least ten days before the expiration of any such pniieies, in5urrn;; against fire and ~,thrr :ru~urahie
<br />haratds, casuaFties, c~nd rur.tingencir~s as the Mortgagee may require, in an amount equal to the indebtedness secured by this
<br />Mortgage. and in eusupanies aa~epiable to the Mortgagee, with loss payable clause ir. favr+r cif and in form aceepta6le to the '`<1rtrtga-
<br />gee. In the event any po3icy is not renewed tin or before ten days of its expiration. [he Dt:.rtKagee may pr<x-ure insurance as the
<br />improvements, pay the premium therefor, and such sum shall become= immediate=!y due and payahSe with interF~t aE the rate set
<br />- forkh-ia said r+c~ - ~ .; pa- and .bal. 1-ns ,rcurr-d-: v this martgage. S'ailnre rn t e pa o+ th.= ."r+rtgagor to fiirnisri such res~ewafs --
<br />as are herein requirtd or failure to pay any sums advanced hereunder shat!, at the option n[ the aloe*_gagee, constitute a default _ under the terms of this mortgage. The delivrrry of such policies shalt, in the event of default- constitute an assignment of the un-
<br />earned premium.
<br />- - - - Any sums received by Fhe Mortgagee by reason of loss or damage incurecd against map t?c retained by the Mortgagee
<br />and applied toward the payment of the debt hereby =ecured, or, at the option at thg Mortgagee, such sums either wholly or in
<br />part may be, paid over to the Mortgagor fu t>e used fu repair such buildings nr to build new buildings in their place ur tar any
<br />other purpose or dbject saiisfacturv !n the Mortgagee without aftectinK the lien nn then martgage For the full amount secured he re
<br />- by before such payment ever k«+k piece- '
<br />_ To promptly repair, restore ur rebuild any buildings or improvements row :>r he~reaftPr on the premises w°hich n;ay h€•-
<br />come damaged nr deskroyed; to keep said premises in goon condition and repair and fine tram any mechanic"s lien or other Fien or
<br />claim of lien not expressly subordinated to the lien hereof; not to suffer ar permit any unlawful use cf or any nuisance to exist nn
<br />_ said ptaperty nor to permit waste on said premises, nor to do any other act whereby the property hereby conveyed shat! become
<br />Secs valuable, nor to diminish nr impair its value by an}• act or omis_vion to act; to comply with a!! requirements r+f Eaw• with respect
<br />- - to the mnrtgagPd premises and the use thereof. -
<br />- That should the premise+s or any Uark thereof },e taken ur damaged by reasuri of any puhhe improvement ar tondrmnafian
<br />proeorcFinK. or tinder the tight of eminent domain, or in any other manner, the Muttgaget shad he r•nhtted to a1i ..-umpensatinns,
<br />-- - -awards, and anY other payment or relief (tweeter, and -shalt tae entitled. at-ris~o{itton,";n-cotrinionee,~ti -aren..and .. -
<br />ppe ptasecute iii -its--
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<br />- -- - stvr_ a:$srte ait~. action- t>r proceeding, ur to make any comuromise or settlement. in connection wuh such taking or damage_ all such. -
<br />- - cwnpenastion,'swards: damage,: right of action snd {rr4cecds are hereby assigned to fhe ttortgagea,~ who may: after deducting
<br />- ',.iter,~f:--elf its ~xpar>.:rel~ :tiio -. ihcataYS i;a receiv; ~Y i-i a-r ap,-~rly the ~n;r ri :, ants nd~lztedr -arm i•~sy= Tb~--°#i~rt- - - -
<br />' -..-=-_gageF--agr~~ta-:execute-such-h.=r'_-F~r--asst-gnrn+rat•z-o~-say-ct>mpr'n>&stuaa,-awards.dames,arxE-riFi!is-o(--;~fie€r~n~~r~-as-the--------
<br />= Mortgagee maY require.
<br />That in case of failure to perform any of the covenants herein the Mortgagee may do on fhe Mortgagor's behalf everything
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<br />so nnvenanted; that the Mortgagee may also do any act it may deem necessary to protect the lien thereof; that the Mortgagor will .?~}
<br />-repay upon demand any moneys paid or disbursed by the Mortgagee for any of the ahcive purpcxses, and such moneys together with
<br />- -interes# thereon at the rate pnsvideci in said note shall become so much additional indebtedness hereby secured and may Fie in-~~'
<br />eluded in any decree foreclosing this mortgage and be paid out of the rents or proceeds of sate of said premisesa if rut athetwise
<br />' - paid; that it shall not be oMigatary upon the Mortgagee to inquire into the validity- of any lien, encumbrances, or efatim in ad- A°~
<br />' vanang moneys es above authorized. but nothing herein-corstained shalt 6e construed as requiring the Mortgagee to advance any
<br />j montrya ,for- any such purpotca (tor W do any aM hereunder; ahd_ that Mortgagee shall not incur any personal iiebility herausr o[ any-
<br />thing.it may do er omiC to do hereunder.
<br />-s.
<br />a In the event r>f the default h}- Mortgagor in tier payment of any itixtallmenf, as regttircgt 6y the Note secured hereby, or
<br />in tf+e performance of the t>Eriigatian in ibis mortgage urea the Hoke secured hereby, the Ittartgagee shall be entitfert to deeiare the
<br />--~- ~.3e.i,1.....c.+s.::L.lwri.4y~-clw,gar.d dyable without nMicv, and the Mortgagee ehali_-In- entitled at its option, without nuticP-, ether by itwfC
<br />t or by a receiver to be appointed by the Court thereof, and without regard to the adequacy of any security -for the indehtetlness se-
<br />cured hereby, G+ niter upoii and fake' posbe~ion` nt-'the iriartgaged prcmisos, and to coffectarid teeeive the- rents, issues end yrafkt+
<br />- tSe~revf, anci a~}• t'resarie::,fess--ems crf npasatitsrt-~~nrl-€~li€~tivis. sspnrrr the---ini3i~str3cir€ns s~-'urr:ci- r`r,~,-thin-tu€irtg:-~i~--r~tr4s--.
<br />issues and protitaixingltereblcarisigiteitto the Mortgagee as further-aazurky° for the payment of aft indehtedriesssecttreii-hereby-
<br />The-Mortgagee shsll:tiave the power to appoint any-agent or agents it may desire for the purpose of repairingsaid preen- - -_
<br />ices; renting the same; rnllecting the ztrtfy, mvenues and-ineop±e, and it may pay gut of said income aU expenses ietturxed in rent-
<br />. ing and menag}ng'ihe same snd o[ coTtecting the rentals therefrom. The balance remaining, if any, shall be applied toward the
<br />- dischargeof fife rni>rtgage indehtedrew,s, This assignment is-lei terminate-and 6ecoirie-null and void upon refeaseof this mortgage.
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