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<br />T?•fE MQftTfsAG4R F;tIFtTFI'~R3, ~J[1W'1~~'tifAlY'H"~ A;C61'I3 AIC;t~E;'FS:
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<br />That the Mortgagor will pay`'O;ne i.nrf~~trq'edna~u as~..,t~t~hreiin3#efrrr~l iprr,,wid~rnd~,. ~. . „
<br />That Lhe Mortgagor is-the owner of said praperzy in fee simple and has goad sight and lawful authority to sell and
<br />canver the sama.and 4.hat the same is free_ and clear of any lien or encumbrance; and that Mortgagar will warrant and defend the
<br />'- title to said premises against the claims of-aft persons whomsoever.
<br />To pay-immediately when due and payable ail general taxes, special taxis, special asurssments, water charges, sewer serv-
<br />ite charges, and other-taxes and charges against said property, and a13 taxes levied on the debt secured hereby, and to furnish the
<br />h Mortgagee, upor..request, with .the original nr.duplicate receipks therefor. The 111ortgagor agree that there shall be added to
<br />- ".t each monthly payment required hereunder or under the evidence of debt secured her€ap an amount estimated ny the Mortgagee
<br />-' to be suffirtient- tn. enable fhr_'Nortgagee to pay, ac they become due, alt Lazes, assessments, and similar charges upon the prem•
<br />ises subject thereto; any deficiency bemuse of the insuf6eieney of such additional payments :hat} F>e [orthwitfi deposited by the
<br />Mortgagar with the Mc•rtgagP«> upon demand by the 11ort;;age e. Any default under ibis paragraph shall he deemed a default in
<br />~' payment of Lazes,- assessments, ar similar charges required hereunder.
<br />- ~ The Hcrrtgagor agre€=s that them shalt also t+e added io each monthly payment of princi, al and interest rcquirecl hero~~
<br />under ar. amount estimate>cl by ti;e Mnrf gager to tee snf$eiert to enable the Mortgagee to pay, as iz becomes due, fhe insurance
<br />premium nn any insurance pra6cy delivered to th«> Mortgagee. Any deficiency because of the insufficiency crf such additional pay-
<br />- d1 menYs shall tie forthwith deposited by the ltortgagcr with the Rortgagee upon demand by tha Mortgagee. Any default under this
<br />- ~ paragraph shall trt> dePn;3=d r. defaulr in the payment of taro rnrce premiums. If the policy or policies ctepasited are such as Fxime-
<br />__ owners os alt risk i*+liae<, and the delxisi to are insvfiiۥieot to pay the entire premium, 4he Mortgagee may apply the depr_4it to
<br />pay premiums on risks required to ce taro re>ct by this mortgage.
<br />Payments neade fiy the Mortgagar t:nd«-r the ahovc> paragraphs may, at the +rptian of the i4tnrtgagee, bP held by it and
<br />eatrnringled with other such funds or its own funds for the payment of such item-a, and unlit so applied, sorb payments are hereby -
<br />pledged as security fur the unpaid balance of the mortgage indebtedness.
<br />Tu prra~ure, deliver to, and maintain &ir thr• benefit uF the bfnrtgagee durinK the life of this mortgage original pnlicie-rod -
<br />renewals thermF, delivor•>d at bast ten days trc Core the ex pirat.ion uF any such policde«, insuring against. fire and other in.:; cable
<br />hazards, casualties, -and conkingencies as the Mortgagee may require, in an amount equal to the indebtedness securtd by- this
<br />Mortgage, and in camp:r:tees acrepLab!e to Lire ~4otfgagee, with la.s payable clause in favor of and in (arm acceptable to t}.<~ 14ortga-
<br />. fn tl:e °vert a is oat re::evred r,.. err be.•f€;r? ,.. ,, days uF i,.-, , .,,....., the *4€rrtFat:ee may ;lracure i..,.,..,ncc an the
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<br />premium therefoc_ and such sum shat! become inunediatPly due and payable with interest at the rate set
<br />improvements, pay the
<br />Forth ir. said ante until paid and shall lee scoured by t}tis mortgage, Failure on the part. oI the A2ortgagor to Cornish such renewals
<br />as are herein required r,rr failwe to pay any sums advanced hereunder shalt, at the option of the Mortgagee, constitute a default
<br />,under the terms of thts mortgage.. The delivery of such policies shall, ir. the event of default, constitute art assignment of the un~
<br />earned premium.
<br />Any -sums received }ry the ?Mortgagee trg reason of foss or damage insures against may he retained try the ~turfgagee
<br />-' a.nd applied toward the payment of the debt hereby secured, or, at the option of the Mortgagee, such sums either wholly or ir.
<br />part may' bP paid over to the ivfortgagor to tie used t€i repair such huikiirtgs or to build'new b~il<iings in their place ar far any
<br />other purpose or object satisfactory to the Mortgagee without atfcrtine the lien an thۥ mortgage for the Fuli amount secureel here-
<br />by before such payment ever tack place.
<br />Tu promptly repair, restore ur rebuild any buildings or improvements now ur hereafter rnt the premises which may be~
<br />come damaged or destroyed; to keep said premises in goad condition and repair and free tram any mechanic's lien ar other lien or
<br />claim of lien not expressly suhardinaf.ed to the lien hereof; not to sutic-r or permit any unlawful use of or any nuisance to exist on
<br />said property nor to permit waste an said premises, nor to do any other act whereby the pniperty berets} conveyed shall fiecoma
<br />leas Valtkat)Ie, nor to dimlrn$i) Cie fmpaii Its Valttfl by a,.=.` ac*. (sr tami'-.:[an to aCt: fa C+~mpl4 w'if tt alt rrquiremc'nt5 trf law M'1fi: t?speCS
<br />to the tnnrtgaged premises and the use thereof.
<br />That should the premises nr any part thereof t,r• raker, .ir damaged by rrasc.n of any }iukriic imiimvement or cundemnatian
<br />proceeding. or under the right of eenilu•nt domain, :+r in any ether manner. the Mortgagee shall be entitled to all compensations.
<br />awards,, and any other payment or relieF therefor, and shalt be entitled, at its option, to cotnmence, appear in and-p_r€r¢t+cute in its
<br />oven. nat3te any actiar. nr prtx'°eeding. ar io make anv eompramrse ar settiemenf in cnnnocttan with such taking r,r damage- All sorb
<br />can:pensation,-awards, damagee, ri;~t ~ ~ntic?n_ noel or~xre€is are-herebt a-Signed (ct ±he lvlartgag~r_ who may. after dec(ue_tir•.~
<br />therefrom all its expenses, release any moneys so received by it or app:} the same un any indebtedness secured hereby.'Phe Mort=
<br />gegor agrees to execute such further assignments of any compensation, awards, damages, and rights of action and procee€la as the
<br />Mortgagee may require.
<br />That in case o[ failure to perform any of Ore coarnu uts herein, the hlortgagec may dc. on the Alortgagors behalf eve rythGrg
<br />so covenanted; that the Mortgagee may also do any net it may deem necessary to protect the lien thereat: chat the i\tortgagor will
<br />repay upon demand any moneys paid or disbursed by the Mortgagee for any of the above purposes, and such moneys together with
<br />interest khereon at the rate provided in said Hate shall become so much ndditinnal indebtedness hereby secured and may be in-
<br />cluded in any decree foreclosing this mortgage and be pai€i out aF the rents ar proceeds of sale of said-premises if not otherwise
<br />paid; that it shall not be obligatory upon the Mortgagee to inquire iota the validity of any lien, encumbrances, ur claim in ad•
<br />vancinq moneys as above authorized, but nothing heroin contained shat! be construed as requiring the Mortgagee to ar#vance any
<br />moneys for any such purpose nor k) do any act hereunder; and that Mortgagee shat! not incur any pen:anal liability because of any-
<br />thing ii.may do or omit to da hereunder. ~:_..
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<br />In the-event of the default by Mortgagor in the payment of any installment. as required by the 1Vnte secured hereby, yr ~~,
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<br />in the performance of the obligation in this mortgage ar in the note secured thereby, the Mortgagee shall be entitled to declare-the ~3
<br />debt secured hereby due and payable without notice. and the Mortgagee shall be antitled at its option, without notice, either by itself
<br />nr_hy $-Yetefver tc. he spy.int~d by the court titer+rtr ~rtcf without regard Les the adequacy of any se-cu by^. for the lndebtPdnPSS se. ._
<br />Cured hereby. t0 Gflter upon-and Lake p0.C~i'C516n of the mar{gaged premtttes, and to COlltv:t atilt Te('E'rVP the rPnLS, laane~ and profits
<br />thereof, end apply the-rotor, ,less costs of operation and rrolltrtian, upon the indebtۥdness secured by this mortgage; said rents,
<br />iasttes aiid pferlitslx+ing_herehy-a:acignvd to the Mortgagee as further security far khe paymc+nt a[ all indebtedness rcurotf h€rrPhy--
<br />-The Mortgagee shaft have the power to appoint any agent or agents it may desire for the purpose of repairing said pram-
<br />iaes; renting the.sapte; coliectittg_the rCntrt>-reyenuex and income, and it may pay nut ctf said income all expenses incurred in rent-
<br />- ing and managing the same and-of collecting the rentals therefrom. The balance remaining, if ally', shall he applied toward the
<br />discharge of the-:mortgage, indebtedness. This assignment is to terminate and become null and void upon release of this mortgage.
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