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I TIfE MLIRTGAiG€)!2 f^"!Cilt"I'I3iF$ t87'4''h:*~iAIPtiTEs AhHC'.k r4rfi;u3?f•,3FIES: Tinal: the Mortgagor wi19 piny lire inde~b{ed «~,{ss as 1!ere:ru tee P<u~rc Ity,~ - '"ai. Ili .~~ ~. „ ~Yh ~~ .1~~ ~.~ Thah~ th~,,Nfortg~gar id the +7~wner of~lsaud lerarpnezl't~t in ferLl~ln~ilalIsa~nd hrvs g~oct rrghf ~ertd 9',a~viul[ authority t'o s~•il ~'rn~d convey the same! tsnc~ tbaE 'tom' ammo ma''~frer and dear of eany'r''1'ir n me e'rtcumbrance; anr~l~ that !i'fdrtgagorwill warrant surd ~de.fend t1rc tale to said premises against.the claims of a!1 persons whamsuever. Tri pay immediately when due and payable all general taxes,.specisi taxes, special asst--ssmenk.-, watrc charges, sewer serv- ice charges, and niher taxes and charges against said property,-and alt taxes Ir-vied on the drht scented hereby, and to furnish Lhe Mortgagee, upon request, whir the original nr-duplicate receipts therefor. The Mortgagor agrees that there shall be added to w~ each monthly payment required hereunder nr under the evidence of debt secured hereby an amount estimated by the Mortgagee to be sufficient to enable the Mortgagee to pay, as they bemme due, ail taxes. assessments, and =_imilar charges upon the prem- •~~ ices subject thereto; any deficiency because of the insufficiency of such additional payments shall be forthwith deposited by the ~~ Mortgagor with the Mortgagee upon demand by the Mortgagee- Any default under this pa ragrapfi sha{I he deemed a riefauit in ' - payment of taxes, assessments, nr similar charges required hereunder. ''~ "Phe Mortgagor agrees that there shall also be added to each monthly payment of principal and interest required here- y under an amount estimated by the Mortgagee to 6e sufficient to enable the Mortgagee to pay, as it becoares clue, the insurance ~e premium nn any insurance policy delivered to the Mortgagee. Any deficiency beroause of the insufficiency of such additional pay- moots sha^ be forthwith deposited by the Mortgagor with the Mortgagee upon demand by the Mortgagee. Any default under this ~ paragraph shall be deemed a default in the payment of insurance premiums. If the policy nr policies deposited are such as hvme- "'= owners or all risk policies, and the deposits are insufficient to pay the entire premium, the Mortgagee may apply the deposit to pay premiums on risks required [o he insured by this mortgage. • Payments made 6y the Mortgagor under the above paragraphs may, at the option of the Mortgagee, he held by it and commingled with other such funds or its own funds for the payment of such items, and unlit so applied. such payments are hereby pledged as security for the unpaid balance of the mortgage indebtedness. To procure, deliver fo, and maintain fur the benefit of the ?vortgagee during the life of this mortgage original policies and renewals thereof, delivered at least ten days before the expiration of any such fioticies, insuring against (ire and other ins:z cable hazards, casualties, and t•ontingencies as the Mortgagee may require, in an amount equal to the indebtedness secured by this Mortgage, and in companies accrp4•rble to the Mortgagee, with loss payable clause in favor of and in form acceptable to [he ~tortga- gee. In the event any policy is not rc-newed ui« or before ten days of its expiration, the Mortgagee may procure insurance on the improvements, pay the premium therefor, and such sum shall become immediately due and payable with interest at the rate sr[ forth in said note until paid and shall be secured by this mortgage. Failure on the part o[ the Mortgagor to furnish such renewals as are herein required or Failure to pay any sums advanced hereunder shalt, at the option of the Mortgagee, constitute a default under the terms of this mortgage. The delivery of such policies shalt, in the event of default, constitute an assignment of the un- earned premium. Any sums received by the Mortgagee by reason of loss or damage insured against may be retained by the 141urtgagee and applied toward the payment of the debt hereby secured, or, at the option of the Mortgagee, such sums either wholly or in part may be paid over to Lhe Mortgagor to he used to repair such buildings or to bu.1d'new buildings ir, their place or frr any other purpose or object satisfactory to the Mortgagee withvuf affecting the lien nn the mortgage for the full amount secured here- by before such payment ever took place. Tu promptly repair, restore ur 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 tree from any mechanic's lien or other lien or claim of lien not expressly subordinated to the Lien hereof; not to suffer or permit any unlswful use of or any nuisance to exist un said property nor to permit waste on said premises, nor to do any other act whereby the properly hereby conveyed shall 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 thereof. That should the premises or any part thereof be taken or damager! by reason of any public imprcwrmeni or condemnation pnx~eriing. or under the right of eminent domain, c.r in any other manner, the Mortgagee shall tae entitled to sll cumpensa Lions, awards, and any other payment ur relief therefor, and shall 6e en tilted, at its uptaun, to conunenc+_•, ap;!car in and ,^-ruseeute ir. iks [swn name anv action ur proceeding, our to make any compromise or settlement in connection with such taking ur damage. _All such i'omperksatiun, awards. da,-r:ages, righi of action and pvreeds see hereby assigned Lo the Mortgagee, who may: after deducting t_harc(r5un all iL_v ezarrises, release any moneys sn rec_eiveri by it ur apply tho same en a y intlehle<lness secured t:erabv 'rho 4t-^st- gagtrr agrees to PXeCLlte such further Assiftnments of any compensation. awards. damages, and rights ut action and proceeds as the Mortgagee may require. That in case of failure to perform any of the covenants herein, the Mortgagee may du un the Mortgagor's behalf everything ' W so covenanted: that the Mortgagee may also do any act it may deem necessary to protect the lien thereof; that the Mortgagor wit} -_~ repay upon demand any moneys paid or disbursed by the Mortgagee for any of the above purposes. and such moneys togetkier with .,p°- interest thereva at the rate pruvidrd in said note shall beconrr sr, much atiditinnal indehtrrlness h<•rehv ,«•«•u re.} and may he in- ~ r"= eluded in any decree forrw'losing this mortgage and be paid out of the renks or prucerYis of sale of said pr«-m+srs if nut otherwise ~' paid; that ii shall not be obligatory upon the Mortgagee to inquire into the validity of any tien, encumbrances ur claim in ad- vancing moneys as about authnnzrd. but nothing herein ••nntameci shalt tw cunst ru«r! as requiting the Mortgagor t~, advanrv soy "'' moneys for any such purpose our to do ary act hereunder; and that Mortgagee shall nut incur any pr nunal Irabdity t4~cau.r of any- thing it may do ar emit to do bereunder. In theevent of the default by Mortgagor in the payment of any rnatalimrnt, as rrquir«ai by the Nair srcu red hrraby, or in the performance of the otrliRation in this mortgage or in the note secured thereby, the i4tortgage•e shall 6r rntitlerl to declare the debt secured hereby due and payable without notice, sr:d the Mortgagee shalt be entitled at its utetron, v;ithaut notice, either by ikwtif or by a receiver to 6e appointed by the court thereof, and without regard to the adequacy of any 4r•cunt} h,r the mdrbteciness se- cured hereby, to enter wpon and take ix>sseAaion tit the mortgaged premises, atxi to collect acrd rn•rr,-r ttro trots- issues and profits thereof, and apply the same, .less costs of utx:ration and collc~r:tion. upon the indebtrtiness ~ruta:d by this murtgagr; said ront_s._ issues and pi'oftfa teeing hereby assigned-t~ the Mortgagee as further security for the payment o[ ail indrbtrtlness secured hereby, Tlie Mortgagee ehall have the power to appoint any agent or agents it mny drsirr fcr the ,:urpr*re r+f repairin4 •.ai:l prr•m inns; rooting the same; collecting the rents, revenues and income, and it may pay out of xafd enYmr alt expt•r,srs :n. urred in rent- ing and-managing the same and of collecting the rentals therefrom- The balance rfmammg. it any, stwli hr applied toward the discharge of the mortgage indebtedness. This assignment is to terminate and become null and void uptm release u[ this mortgage.