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T,(rfE MtiRTGAf3[}R F'{.tltT"IiEf? tJ()4'1^.~iiAM1'I'~; AI!+fiD At;RE~~ti. That ~t}tez Mortgagor wiJl~~l:uaiy fhe inn,@'~ebtrrVnerss a=.[ hrreirrltrefore~ ~rrr~sd..dh"~u~i~~'r~a'T~iy~ i~ ~' _ - >~,~. That-the-lvfortgagor is the owner of said property itt far simple scut lies good right ate- lawful author*y to aril and convey the same arxf that the natzte is free and clear of any Tien ur encumbrance: and that Mortgagor will warrant and defend the title to said premises against tfie-claims n( all persons whomsoever. To pay immediately-when due-:and. payable all general taxes, special taxes, special assessments, water charges, sewer serv- ice charges: and other taxes-and charges-against said property. arid-all-taxes levied on the debt secured hereby, and to furnish the Murfgagee,:upan:.rerurst,.-with .the-original-iir duplicate receipts therefor. The iLlnrigagor agrees that iere shall be added fa each monthly payirtrnt required hereunder nr under -the evidence of debt secured hereby an amount estimated by -fhe Mortgagee to be sufficient to enable the Mortgagee to pay, as they become due, all taxes- assessments. and similar charges upon the prem- ises subject thereto,,any deficiency because of the insufficiency of such additional payments shall he forthwith deposited by the Mortgagor with the Mortgagee :upon demand by the Mortgage r. Any default under this paragraph shall be -rieemed a-default in ~paymerit of taxes, assessments, nr-similar charges required fir rrunder. - - --- - - - - - ~- The. lllortgagor agrees that there shall also he added to each monthly payment of principal and intereai required here- under an amouaC estimated by the Mortgagee to he sufficient to enabtr fhe^ Mortgagee to pay, as it becomes clue, the insurance premium on any insurance policy de{ivered to the Mortgagee. Any deficiency because of the insufficience of such additional pay- mentc sha^ tee forthwith deposited by the Mortgagor with the ?vlortgagre upon demand by the Mortgagee. Any default under this A, paragraph shalt be deemed a default in the payment of insurance premiums If the policy ur policies deposited are such aslx,me- owners or all risk policies, and the deposits are insufficient, to pay the Entire premium, the Mortgagee may apply the deposit to '~`" pay premiums nn risks required to Ire insured by this mortgAge- Payments made by the Mortgagor under the above paragraphs may, at the option of the Mortgagee, Ire held by it and ~ commingled with other such funds or its own fends for the payment of such items, and until so applied, such payments are hereby r' pledged as security for the unpaid balance of the mortgage indebtedness- To procure, deliver to, and maintain for the benefit of the Mortgagee during the life of this mortgage original pcilici.•s and renewals thereof, delivemd at least ten days before the expiration of any such policies, insuring against fire and other insurable hazards, casualties, and contingencies as the Mortgagee may require, in an amount equal to the indebtedness secured by this Mortgage, and in companies acceptable to the Mortgagee, with foss payah}e clause in favor of and in form acceptable 20 [he btortga- gee. In the event any policy is not renewed on or before ten days of its expfration, 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 set forth in said note until paid and shall fie secured by this mortgage. Failure on the part of the Mortgagor to furnish such renewals as are herein required ur failure to pay any sums advanced hereunder shall, at the option of the Mortgagee, constitute a default under the terms of this murtga ge- The delivery crf such policies shall, in the event of default, constitute an assignmenE of the un- earned premium. Any sums received by the Mortgagee by reason of loss or damage insured against may be retained by ilia Mortgagee " ' artd 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 the Mortgagor to be used to repair such buildings or to build new buildings in their place or for any other purpose or object satisfactory to the hlurtgagee without affecting the lien on the mortgage for the Euil amount secured here- by before such payment ever took place. To promptly repair, restore or rebuild any buildings or improvements now ur hereafter on the premises which may tre- come damaged or destroyed: to keep said premises in good rnndition and repair and tree from any mechanics Lien or other lien or claim of lien not expressly auborclinaked to the lien hereof; not to suffer or permit any unlawful use of or any nuisance to exist an said property nor to permit wa_ate ern said premises, nor to do any other act whereby the property hereby conveyed shall become leas valuable, nor to diminish or impair its value by any act or omission to act; to comph~ with all requi cements of taw with respect to the mortgaged premises and the use thereof. That should the premises or any part thereof tin taken er damaged 6y reason of any public improvement or condemnation prercceding, r,r under rte riK}.t u, .=min;=ni domain, ~>r irc a:ry ;;flier manner, the \fnrtga gec~ :ha?? hr- er:tii?e:i t : ail campen:.atioc<, awards, sad any other payment or relief theretur, and shall be entittecl, at its option, to enmmence, appear in and prosecute in its own name any action or proceeding, ar fo make any rnmpramise ar settlement in connection with such taking or damage. Atf such compensation, awardu, damages, right of action and liiiiiceeds are 6erehy assigned to -the Mortgagee. -who may, after-deducting therefrom all its expenses, release any moneys so received by it ur apply the same un any indebtedness secured hereby. The Mort- gagor agrees to execute such further assignments of any compensation. awards, damages. and rights of action and prrn'reds ri fhe• Mortgagee may require. That in case of-failure to perform any of the covenanta~ herein. the Atottgagee may do on the Mortgagor's behalf everything an covenanted; that the Mortgagee may also du any set it may deem ner-ressary W protect the Tien thereof: that the Mortgagor wiA repay upon demand any moneys paid or disbursed by the Mortgagee for any o[ the above purposes, and such moneys together with .-~~ interest thereon at the rate prm+ided in said note shall become so much »dditional indebtedness, hereby +ecured and may he in- ,;° cluiled in any decree foreclosing thin mortgage and ire pain out of the ren4a or proceeds of sale of said premixes if not otherwise tea,, paid; that it shall not be obligatory ufwn the hfnrtgagrte to inquire into the validity of sn.• hen. encumhranr.•s. ,.r claim in ad- --_ vancing moneys as alxrve authorized, but nuthinK herein contained shall lx~ nrnstruvd as requiring the Mortgagee a, :ed.ance any "~,,~_ moneys for any such purp:,ae nor to do any act hereunder, and that Mortgagee shalt not incur any personal liability M~cause of any- thing it rosy do or unit to rlo hereunder. In the event ufthe default by Muttgagar in the payment of any installment, as requiredby theNutr seeureKi hereby, ur in the prrformanca ref the obligation in this mortgage or in the note secured thereby, the Mortgagee shall fie entitled to declare the - drbt secured hereby due and payattle without notice, and the Mortgagee shall fie entitled at its option, without nation- either try itself ar bY' a receiver to ter appointed by the court thereof, and without regard-to the adequacy-ot any security for the indnbtectneas sa- - cured.hereby, to. enter upon and ta$e (xuse~ion of ttre marigageci premises, and to collect and receive the rants, is=ues and p:ofits thereof, and app}y the same„less costa a( otreralion and collection, upon the indebtedness secured Ay this mortgage; said ranks, issues-and profile being he;eby assigned to the.Jvlortgagee as Further -security jtu the payment ai all indebttYl.ness sacuretf hereby,_ 'The. Mortgagee shall Have-the power to appoint any agent or agents it may desire for the purpose of repairing said prem- ises; ranting :the aster; collecting-the rents, revenues and income. and it may pay-out of-said incottte_ alT expenses ittctirreii'fn rent- - irtg-and managing the same attd of collecting the rentals therefrom. The balance remaining, if any, shat! he applied toward the - -discharge of -the-mortgage indebtedness_ This assignment is to terminate and .become null and void upon rrlerise of this mortgage.