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T'om', 9~NC)!i''>~G~rJ6lt"rt3Ft t^'U~1"FIFr2 C;J3ixB3tiiifkT'.~' Eiftil3 AGIFIf°:
<br />T"hart Lhuir w!~iSfpHtJt~ag"rrr will', pay'ft:tr tndehtednesa as is{Freinrrtfure„prasrai:[~.
<br />'f'"hat @E1iA°'1~~l+rrrtga,f;,lir its k}2e a~'Mnilrr n# Laid prrf,ert lY' in fee simy~te amid lrasx gl:noti night ,u n? :,~w°iiu', ,sst?-', p ~ "n~ ~ ~~r! a:r:
<br />• rive. the same and fhat the seine i.s feee and e3rar of any lte , or eneumt;ran_r-e; and *.}at ..'•Sortyag•:r •h~ili warrant and da{er,d «...-
<br />tide to .said premises against the r3aizna of all persons whomsoever,
<br />To pay immediately when dui and payable all general taxis, sp~rial taxes. s;reds; aav-s;mr,nt+. •.>•at;•r rhar:-,. =.•Hr-r •,r-r.
<br />ice chargc_, and ether Ynxes and charges age;nst said property. and al! taxi; 1~.2;-d an thc> drhk u;s-u res3 hr-rehy. and to fatrnish th?
<br />Mortgagee, upon request, with fete original or dupSicate receipts thrtefor. The 4furigagor azrees tS:a# there Shat! Jx• addr-d tc,
<br />eac:-a month?y payment required hereunder u: under the r-virtenc.--- ~;f debt eef~ured t~Frc-b}- an am,»;ni eatirnafrd by the Morigagee
<br />to tie sv~eient to enable Lhe Mortgagee to pay• as they ^erume due. all taxes- as;fs -^eata. a.id ~.im:7as c!;azgvc open !h4 g,rem.-
<br />ises subject thereto; any de$c-iencytrerau«z ref Fhe insafEciency of snob additional p~yrtenfs ,haft t.~ 4;ztl;,t-ith defr~aed hp ±he
<br />3farigagor with the 3#orfgagee u{:•:n SIC mend bi~ the '~S„ri;;agre. Any r,'efauit ~.n~ivr khis par?y:a{;Fi .tie 11 :,r •f,~r-mr-ri a r:~fau3t in
<br />payment of taxes, assessment=, nr similar cha: ges re:{aired hereunder-
<br />'P}:e :+forigagnr agrees tha± them s'.:a?? aSsc: Yom- added t,::•arh m<.nihly payment =d -srircip~i -rat inter.-I required Ssere•
<br />under an amx,unt r.. tlmated t>v the- MnrtgageF to be ,ufficsr•nt to e~nahSe the .'+'f<;rt==ager• to ua a~ it Fir. rtes r?u _. tt-e tn...~rance
<br />~. "~ premium an any in:urar c.e u hcy de,rvered to the Zfnrga;:er' .i -fefict. c - .--ass _F,.• _.--ti .ice -- f uch ,rdr.. ti•-:na? jay-
<br />~~ menu-shall be inrttwitn aFp .,iced t_, the `rt,;rtgagar v.~tttt stir \-~rtbagsr, s.xs,r riemanl }., !}~ .Ia. tgag.--.. And !Irfautt under tfts=,
<br />r paragraph shat; be deemed a default in the payment of insurance premiums If the pntic• or ~ticias deposit;-ri :: rs• s:.'ch as humn-
<br />§ owners or aft risk pnlicie=- and the deposit= zee insufficient to pay, t}fe yeti r<~ p.=rsmiun:, fife 14crtgazee ma.~ ap;,fs fire drxkrt ttr
<br />pay premiums an risks required to tie rrsured by this mortgage.
<br />~ Payments mark• by trte ?.lortgagr>r under fhe above paragraphs may. at the option of the t{ortgageer he held k and
<br />~ commingled with other ~su~rh funds ur its awn funds Cur the payment of s,ch items, anti until so anpSied, such paymenf;~ _~- ~u•b}~
<br />pledged as security f, r kher ur.;,aid balance pf the mortgage irdebterlness.
<br />Tp prpntre, .;. ;,-;er br and maintain [or the benefit of the tfarteagee during the }ife ai this mortgage origins! ppiicies and
<br />rent-w~als thereaf.:ie-, ~..,re,f at least ten days before the-expiration of any such ;rphcies, insuring against fire and other iru-u ratite
<br />hazards, casualties, and contingencies as the Mortgagee may require, is ar. amauni equal to the indebtedness sera:ed by this
<br />:tfarkgage. and ir. ccmpanie= accepG~ble to the lfcrrtgagee, with less payable clause in fat-ur of and ir, form acceptable to the Mortga-
<br />gee. In the- c=vent an,~ policy is ink rent'wed on or }>efnrv L.-n dad's of its _xpiratiun. the 1~4ortgagee mac• prncu re insuran.^.e rsn the
<br />imprrsvements, pay the premiun: th.-ref.,r. and such sum shall t~c:>me inupediately due and payable with interest at the rate set
<br />.ortn ;. _ - no -. untiF paid and stall t>E .ec.ured by this nor*`.gage. r -Sure ~ YFe part rn e 'viortgagar to furnish s r . - -wets
<br />~a, are herein required or failure 1o pay any sums advanct~d hr•runcler aiF,ali. at the potter. ut the y,lartgagee. ,arstitutena~,iefault
<br />under the terms of ehis mortgage. The delivery of such puliries =hail, in the event or dafauk, c,pstitute an assignment of the un-
<br />earned premium.
<br />Any sums received i,y the iv4ortgagee by tease=n of lass nr damage insured agairst may be retained by the tlurtgagea
<br />and applied [ox•ard the payment of the debt. hereby secured, c r, at the optipn rf the ~4prtgagee, such some either wholly r~r in
<br />Bart may he paid over to the Mortgagor to be used kn repair ;uch buildings or to build'new- buildings in their place o; fir any
<br />other purpose or ab}ect satisfactory to the Mort~ager wifhr-,ut affecting the lien on the mortgage for the foil amount secured here-
<br />by before such payment ever took place.
<br />To prumptiy repair, restore ::r rebuild any huitdings pr improvements now ur t:ereafter an the premises which may i>e-
<br />come damaged or destroyed: to keep said premise; in good corditicn ant repair soil tree from any merhanir's lien er other ?ten nr
<br />claim of lien noY exprc-ssly suF,ordinated to the lien F,ereof; nni to suffer c,r permit any unlawful use of ar any nuisance to ez~ist on
<br />said property nor to permit waste on said (remises, nor to do any other set whereby the , ruperty hereby conveyed shall t;emme
<br />less valuable, nor to diminish nr impair ids value by any act or nmissirn to act: to ~ nmp!y with ail requirements of law •..•ith respect
<br />to the mortgaged premises and the use thereof.
<br />That should the premises or any- part thereof f;e taken nr rlamagc=d by n-asc,n of any pc.htir imprpvement or condemnation
<br />proceeding, or under the right pf eminent domain, or in any other manner, the 'vfartgagee shall ire entitled tr. ail compensations,
<br />awards, and any other payment or ra'sief Fherefor, and shat( be entitled, at its nptipn. to commence. appear in and-prrsecufe in iYs
<br />owe. na-=".e ans• ac+ion er proceeding, ar to make any Gnmpromise or wtilement in conn,;etipn w~i(h such taking or damitgQ, all sorb
<br />cratiTiensa[iori, awards. damages, right of-action and praeeeds are hereby assigned tp the ~'•3urtgager, who may, after deducting
<br />ttaerefrotn all its eggensen, release any-mpneY~ so reee;.'ett by it or apply rte ~ u ..n any ,ndebteds~ess secured-3',rrrby=- T -. z>s,..rt-
<br />-gagGragra€,s-ta-fifc~te. Sinh--further-assig,aaeats-of--aiy c-cmpeasaYivn. awaras34<ixmagt's.--an ct-;}ght~ of ~ ?;csn- a3€€- r-ex•u-pis as ~ie-
<br />Mortgagee may require. -
<br />That in case of failure to perform any of the covenants herein, the i{ortgagee may do an the Mortgagrr's behalf everything
<br />so covenanted; that iha Mortgagee may also do any act it may deem necessary to protect the lien thereof: that the R4nrtgagor Witt
<br />repay upon demand any moneys paid or disbursed by the ':t'Iortgagee fir any of the abavc purtxwrs. and such moneys tagetiier with --
<br />interest thereon at the rate provided in said note shall become so much additional indeMedness hereby secured and may he in- -••
<br />ctuded in any decree foreciasing Lhis mortgage and im paid out of the rents or prrxeeds of sale of said {rrenus..•s if nut otherwise -
<br />paid; that it shall not he obligatory upon the Alorigagee to inquire into the validity of any lien, encumbrances, or claim in ad-
<br />vancing moneys as above authorized, but nattring herein conkained shall be construed as requiring the Mortgagee to advance any
<br />moneys for any such purtwse nor to do any aM hereunder: and that Mortgagee ahaU noL incur any personal liability because of any-
<br />thing it may da or omit to do hereunder.
<br />Sn the event of the default by Mortgagee in fhe payment of any iasfallmera. as n•quired t>y the Nute secured hereby. or
<br />in the performance of the rrbhgation in this mortgage or in the nuts secured thereby, the Mortgagee shall be entitled to declare the
<br />debt secured-hereby due and payable withaul notice, and the Mortgagee shalt be entitled at its option, without notice, either try ikaelf
<br />or_by-,a ieceiver tube appointed 6y the-court thereof, and without regard to the adequacy of any security for-the indebtedness se-
<br />cured hereby, to enter upon and take pashession of the mortgaged premises, and to rnllect and receive the rents, issues and profits
<br />therirrt-sut$'appf3'-i}ibse3~-coats vf-aperat-:an-anti-crittect~tsn, uF,on-the -inditri~dnc~r+ secvrr~ try this rortgage;-said- rents;
<br />issues and prvfits.being: hereby assigned Fo the ifort>;agee-as further security for fhe payment of alt indebFedness secured hereby_
<br />The Mortgagee shall have the power ko appoint any agent or agents it may desire for the purpose of repairing said prem-
<br />iaea: renting-the saate;,callectittglhe renLa, revenues ~tid_ income, and it may pay out of said income all expenses-incurred in rent-
<br />ing artd managing-the -seine and- of ~colfaeting -the rentals therefrom:-T)te balance remaining, if any, shad be applied toward the
<br />- discharge of-the- mortgage-ittdebtedttess. This -sssignmeitt-is to terminate and become null and void upon release of this mortgage.
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