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<br />"a'">-JtE Ttif+C).FtTAGOR Tr"'I',D'Fl~"ti'.itn~t' K",~ftSn;f:l~ilAPtiC'It'S ;tt'Ih(T7 aA~w'lttitl'~:',E~I?~: i,
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<br />That the Ata:igagar wii! pay {he indebtedness as hereinbefore prnvir7ed.
<br />That the ?.$ostgagor is the rswner of sair3 l,rolr•r?y in fee simple and h<.s good right and !au-f-rt auttrorit-. t+..f!3 a;:d
<br />convey the same and Thaf the same is free and elc~r of any lien ar encumhran<:e: anti that ~.fortgeg+~r wil} .,.arrant and defy-nd tb=?
<br />title to said premises against the claims of a1f persons whorrEyoever.
<br />Tn pay immediately when`due and pa}•able a1i general-faxes, special !axes, =pr-^ial aY,.<-;smf-nts, water chzrc~s, sewYr wrr'-
<br />iee ehargr~c, and other taxes and charges against said property, and all taxes levied ar, the debt --f,r~,:: r-d t,ar'°hy. exnd G, furnish the
<br />'3t3rtgagE-e- upon -Cequ«-r-K, M1Vath the fir(gEnal Or dnptACatf' rPr_?tpts e.}rtrefal. TttF ~.ff.rtzagfr: aK[t,F, f};at ttt~r,. than ce addef/ to
<br />each monthly payme::t reGuimd hereunder nr under the evirk~nce of ;le}st secured h:=rc-!.y an am•,unt .-:tirnatrfi !:v star- Mortgagee
<br />fu sue sufficient to enable the 'Mortgagee tr. pay. as they hecnrne slur-, alt tax«•s, ass,-ssments and ~imitar char~,es utMa the.prem-
<br />ises subjec~ thoreto; any 3enciercv becau~ rf the ursuffiriancy of sorb additiana! pa mess s#ratt he fort hxith c)et,xited h7 the
<br />147ortgagor u. ifh the i+zt;rrtgagee nt.nn ,:emend by the 11,~riyage r. Any <Irfr;att un+l+~>- chi, parragrapte shall ;>e r!er :>nr-d a: dvf_tult in
<br />payrzrant of taxes, assessmen±-,, nr simi3ar charges rr+<}uirv:, hFrr•u nr?rr.
<br />Th: 3fortgagor agrees that there shall afro iw added [o eael. mnntttly {; _ rent rh pcincpat an_d inteseyt requi Teri h~r¢-
<br />under art amount estimated by thc•`.fortgagee to t>r.:uff+.cien? f+; !>nahle th«• 4fort;;sg.~• t~. pay, a= it hecorn«•s due. the in-urance
<br />premrum .•n an uM1SU ranee pchc ~-!iva, eci to the Mortgagee- tn,' dcfiei>~nec tFr .u ~r c,f th.• rnauffeienrM1' o; sorb addiGortat ,ay-
<br />rnenis shat! he forthwith da~~pzrited by the bL?riKagor with #hr~ Rf r.rtgakee aeon iemarui by the Mortgagee- Any defarrit under this
<br />paragraph shalt 6e deemed a default iu 3he uaymrnt of inc~ras-c T=rnminms Tt tF.r• Feel:; •- err policies deposited are such ab hvme-
<br />ovvners or alt rsk policies, and the delwsi is era ineuP. is it-sz to pas th«• a=ntic= pr«-miu. r,. kl,c ~;urt :~;v.-- may apply the dr-pocrt to
<br />,- pay premiums on risks required to he insured by [hie mortgage
<br />Payment- made fry the ~f nrigagor un:i+=r t}re above yuragraphs n:ay. ,it ti;c- >«1=tinn of ihr,• Mortgagee, be hcdd by it sad
<br />commingled with other sn::h frnr~ or its neat funds fete the payment nt such items, anti ;cold :n applied, such payments are beech}~
<br />pledged as security for the unt?aid balance +,f the mortgage indebtedness.
<br />To prxure, d+-tier= #f;, ane3 maintai^ for Ltte }rnr-fit of the-'sloes gs gee [;uric.;; the !ifs ur this mortgage original p'n . _- and
<br />renewals therr~xrf, deli.;,,r~d at i,~-;f=t ;.•n days be-::,rr the expires u,n of ane• suet; ;>r.li<~;s•., irsurr:t; a•airnt fire and of h+: ~. .>u cable
<br />hazards. :aaualties, a-,:. .-antis:gerrcie as h';e Mortgagee may squire, ir, an amour.[ egos! to the indebtednev terur:->d by thin
<br />iksartgag° and in c , - ,.,. _ ~~._ - ably t., ,.,,~= 'kf rrt - ee. M1.ith 3os iavahfc• c cruse ire fa-.or e, _rn in form accep#able to the ?3arfga-
<br />gee. Tn the event anyr~pnhcy is•not rera•w,s3 nn or before C€n days cf its expiration. the Aturtgagee may grrxura insurance on the
<br />improvements, pay th<• premium therefor, and each scent shall hec:+me imme>diately due and payable M1vith interest at th'e rate sei
<br />forth in said notF unlit paid and shat! tx sec•ured F.y this mortgage Failure r>n the par± cf thr_ Mortgagor to furnish such renewals
<br />~as are herein required or failure to pay any sums advanced hereunder .c~hall, of tY,e o tier, of th.~ Mortgagee, constihste a default
<br />undea the terms of this mortgage. -Che drtivery of such policies shall, In the event of default, constitute an assignment of tine un-
<br />earned premium.
<br />.4ny sums receive, by thz Mortgagee by reason of loss or damage insured against may he retained by the Mortgagee
<br />and applied [award the {saymen# cf the debt hereby secured, or, at the opti,n o€ the Sortgagee, such seams either wholly ur in
<br />part may he paid aver to the 4tortgag,~r to be used to rc--pair such brilldints or to 6uitd'aew- buildings in there plarn or for an>'
<br />othee purpose ar oh}ect satisfactory io the Mortgagee withoct affecting the lien na the mortgage for the full amount secured here
<br />try Fsefure such payment ever took ;,lace.
<br />Tv promptly repair, restore or rebuild any buildings ur improvements now ur hereafter on the premises which may be-
<br />come damaged or destroyed; to keep said premises in go{ul condition and repair and free from any mechanic's lien or other lien ar
<br />..Maim of lien not expressly su tr.rdinated io the lien hereof; not to suffer ~r ne r.~rri*_ any un3awfuC use of cr any nuisance to exist an
<br />said property nor bf perm!! wasie .-..~i€' 3,r-rnise;.., .•. ... ;!e an; ot..er ar~# whereby tt,e r arty het-r=by ~nn-v-
<br />- pop - ~.ed shalt tseearne
<br />'less valuable, nor to diminish ar mpair its value by an?ssact or nmissian to ar r- to r<,rnpty with a32 requirements «I taw' with rr-specs
<br />io the mortgaged trremieu>s and the use thereof. - _
<br />That should it:e premises r,. ti {sari thereof he taken or damaged by reason of an} uub3ic imprnvemcnt nr cent?ۥrnnation
<br />(sroceeding, Qr under the right =_.f a-mtnenr dr~main, <.; in any n?h er neanner. t!te 4Tnrtgagee shall rte enlisted tr. alt scam}x>nsatiorti,
<br />awards, atkd atiy Qther payment r: ekiiC# ert€'•s•fL'r. .'-..,. shall .titii'L ~: !t$ Cpt;fkn, `~. CC•rr:ntii:r~, appear iq n~i pn~`~rEr ,~
<br />:a4sn Hama any action r prr±~ed-*s~. r,r t., r~_zkY f,_r,2# L. „us' .. _ t nr~-nr =;ec'it ,n kit![ gaol: {sksr.F :. d~n:~~.-~1.. _
<br />compensation, awards, damages, right of action and prxeeds are he~ehy assigned to the hfortgagee. who may. after dcdoMing
<br />therefrom all its. expenses, release any moneys sa received by if or apply the same un any indebtedness secured hereby_The Mort•
<br />gagor agrees to execute such further assignmtmts of any compensation, awards, damages, and rights of action and proceeds as the
<br />Mortgagee may require.
<br />That in case of failure to perform any of the covenants herein, the Mortgagee may du on [he ivy'ortgagor's 1-K-half everyihinR x
<br />sn covenanted; that the Mortgagee may also do any act it may <teem necc,w-;cry to protect tht> lien thereof: that the Mortgagor will '` "
<br />repay upon demand any moneys pairs or disbursed by the Mortgagee fur any of the about purposes, and such moneys togeitier with '~
<br />interest thereon at the rate provided in said note shall become so much addiiional inclebteriness hereby securer! and may tae in' "~~
<br />eluded in eny decn:c foreclosing thin mortgage and he pairs out of the rants or proceeds of sate of said premrve>. if nol otherwise ~ _
<br />paid; that it shat! not bet ~hligatory utxsn the Mortgagee to inquire into the validity of any lien. rncumhrana•... ar risim in ad• ~'-•
<br />vancinq moneys as atwve authorized, but nothing herein rontainerl shall !>F construed as requiring the Mortgagee to advantt any
<br />moneys fur any such purpose nor to do any act hereunder; and that Mortgagee shall not incur any pen:unai liability t,r~.aux° :?f env,
<br />thing. it may da or omit to do hereunder. -
<br />Tn the event of the default by Mortgagor in the payment of any installment, as requirr~ri by the Mute securtul hereby. or
<br />in the parforrnance nt the obligation in this mortgage ur in the Hate u~cuced t}mreby, the. Aortgagee shall be emitted to de[tare the
<br />debt accused here?tv detr a=r._Travah!e •r.i ter t t=Qtice, atzi the Mortgagee t a31 tae etttitted at it3 cptic:n, .+i.srouf nc;t:c~. ziih~r #:y its':=
<br />nr. by a receiver !n Ise atstzointed by the court thereof, anti withoct .regard to thz adequacy of any security tier lire indebtedness su-
<br />tured hezeby, to -enter-span and #ake pc s'kerisioit~ of the mortgaged premises, and to rol3ect and reer•ive the rnnis issues and prrs$is
<br />thereof; andappiy the_same;.iesa costs of operation and rnltectian, uprm the indebtedness secured Fey !his mortgage: said rt•nts,
<br />issues end prtiRta being hereby asxirned fn the Mnrkgagco as further securi#y-for the payment of all indebtedness securer! hereby.
<br />7'he Mortgagee shall have the power to appoint any agent or agents it may desire for the purpose o! repairing said preln~
<br />lees; renting the- same; cotteeting the rents.. revenues and income, and it may pay out of said income all expc-nses incurred in rent-
<br />ing, and managing the scene and of collecting the rentals therefrom. The balance remaining, it any, shalt he applied toward the
<br />discharge of the mortgage indebtedness. This assignment is to terminate and become null and void upon n~lease of this mortgage.
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