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<br />~C'Fi'E M )RTY~AGOR' FURTHER ,f~V':E1VA1"~TS AIaB~I, IAGRF?r~-, Ili" ill "r, ~ ,a„ ,,+"`-' ~~~
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<br />That tkae-'~,2Wtort!}agor wilt Rey',~,',lhelinr~iNbt«+dnersra ty~r'ein~efore grovikl~wd c~~... ~~i~
<br />That,the~ Mortgagor~ia the dwnet of said pr~lrerty in fee simple and has good right and lawful authority to sell and
<br />convey the same and tfiat the-same-ig-_-free and clear of airy lieri ar en€aimbiance; and that Mortgagor will warrant ar•d defend the
<br />title to said premises against the chaims of- akl. poisons- whomsoever=-
<br />To pay immediately when due and payable all geneia[ taxes, special- taxes, special aswssmen Ls, water charges, sewer mrv-
<br />ice charges, and other- taxes and charges against said property, aitd'at! taxes lt'ti-ied on the debt ser•u red hereby, and Lo furnish the
<br />Aortgagee, upon _ request, u~th the original ar duplicate receipts therefor. The lortgagor agrees that there shall be added to
<br />each mont}rly payment ,re ,aired hereunder ar under the evidence of debt secured hereby an amount estimated l,y the Mortgagee
<br />to be sufficient' to -enable the Mortgagee to pay, as they become due, ail fazes, assessments, and similar charges upon flx- prem~
<br />~ ises subject thereto; any de&ciency because of the insufficiency of such additirnal pa}•ments stroll Ixv forthwith deposited by the
<br />~- a Alartgagor with flu; ltertgagee upon demand by the Mortgagee. Any default under this paragraph shall be deemed a default in
<br />~~ payment of fazes, ascessmenf_s, nr similar charges required hereunder.
<br />,~ 'Cho Mortgagor agrr~r•s that there-shall also he added Tc, each mhnthly payment of principal and interest required here-
<br />under an amount cshmated 1,y the Mortgagee to be sufficient tv enable the Mortgagee to pay, as it becomes due, the inau ranee
<br />premiwn on any insurance policy rlelive red to the Mortgagee. Any rL<•fitiency because of the insufficiency at such additional pay-
<br />ments shalt he R,rthwith deposited by the lvlortgagor with the Mortgagee upon demand by the Mortgagee, Any default -under this
<br />paragraph shat; be deemed a default in the payment of insurance premiums. It the policy or policies deposited are such a3 tiome~
<br />~ owners or al! risk }x,liries, and the defxsits are insufficient tv pay the entire premium, the Mortgagee may= apply the deposit io
<br />~ 'pay premmms on risks required Ea he insured by this mortgage.
<br />Payments made by the Mortgagor !.order the above paragraphs may, at the option of the Mortgagee, tx• held by k and
<br />- commingled with other such funds nr its own funds Cor the payment oI such items, and anti! so applied, =_uch payment; arc hereby
<br />pledged as security for the unpaid balance of the mortgage indebtedness.
<br />To procure, dr.-liver io, and maintain fcr [he honest of the Mortgagee during the life of this mortgage vriginat pnlicir-- and
<br />renewals thereat, delivered at least ten days before the expiration of any such policies, insuring against fire and ether in=;,rn'ate
<br />hazards, casualties, and contingencies as the Mortgagee may require, in an amount equal to the indebtedness secured be this
<br />hfortgage, and in trompa:;irs aca•ptable to the Mortgagee, with loss payable clause in favor of and in farm acceptable to the' ltartga-
<br />gee. In the event any policy is oat renewed an or before ten days of its expiration, the Mortgagee may procure insurance on the
<br />improvemenk4, pay the ;..-i rernium therefor, and such sum s},all became immediately due and payable with interest at the rate set
<br />Ivrth in said note anti{ paid and shalt !x .;ecured by Ehis mortgage. Failure an the part of fhe Mortgagor tv furnish such renewals
<br />' as are herein required or failure Eo pay any sums arivanced hereunder shall, at the option of fhe Mortgagee, coostitute a rie(ault
<br />under the tercets of this mnrfgage. The delivery nt such policies shall, in the event of default. constitute an assignment o! the un-
<br />earned premium.
<br />Any sums received 6y the Mortgagee by r_•asvn of less or damage insures against may he retained b}, the Mortgagee
<br />'. and- applied toward the }~iayment of the debt hereby secured, or, at the option a[ the Mortgagee, such sums either wholly ur in
<br />" parfmay be paid over to the Mortgagor to be_used to repair such buildings or to build new buildings in their place or Inc ary
<br />other purpose or abject satisfactory to the Mortgagee without affecting the lien nn the mortgage for the (alt anueunt secu earl here-
<br />by before such payment ever took place.
<br />To promptly repair, restore or rebuild any buildings or improvements now ur hereafter orz fhe premiws which may Ix-
<br />come damaged or destroy ed; to keep said premises ir, gcx~d cnndi tiun and repair and free lrctm any mechanic's lien or other hen nr
<br />claim of lien not expressly subordinated to the lien :aereof; not to suffer or permit any unlawful use of or any nuisance to exist on
<br />.void property nor to permit waste on said premises, nor tr. do any other act whereby the proper!;: hereb,° conveyed shat! !x=eome
<br />' less valuable. oar to diminish or impair its value by any act nr omi. vino to act: to c•rimpl}~ with all requirements of law ,+'ith rf•spu~ct
<br />~. to the mortgaged premises sect the use therES.,f.
<br />That should the premises er any park thereof t_>r taken ~,r ±isntageri t=y reason c,f any Irv6lic improvement or rvndemnat!on
<br />proceeding, or under the right o! eminent domain, nr in any other manner. the '_4tostgagee shell he c+nfit!ed to all-ct,rn}~nsations,
<br />awards, and any other payment or .poet ftierelor, and shi7if_bx entitled, at its option, to eammenee, appear in sett prosecute in its-
<br />own cram,' any action ar prace_eding, or to make. env o••,m,:re?_mise or settlement in connectiot; v:ith such faking or datrage. Air sUC$-
<br />~. ~. compensation, awards, damages, right of action and proceeds are hereby assigned to t}te Mortgagee,. .who may, after detluc_Einr:.._.
<br />therefrom alt its ez}xnsss, release any moneys so received by it or apply the saute on any indebtedness secured hereby. The Mort
<br />gager agrees to execute such further assignments 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 eovenarts herein, th.-• 1l ortgagee may do on the Mortgagor's behalf everything
<br />so covenanted; that the Mortgagee may also do any act it may deem necessary t<, protect the lien thereof; chat the Iviortgagor udll
<br />repay upon demand any moneys paid or disbursed by the Mortgagee for any of the shove purposes, and such moneys toget}ier with
<br />interest thereon at the rate provided in said note shall become so much arlditionet indebtedness hereby secured and may he in-
<br />cluded in any decree foreclosing this mortgage and be paid out. of the rents or proceeds of seie of said premises ii nut otherwise
<br />paid; that it shalt not be obligatory upon the Mortgagee to inquire into the: validity of any hen, encumbrances. or rlafm in ad-
<br />vactcing moneys -ea above author!zed, hu4 nothing herein ctmtained shall be construed as requiring the Mortgagee to advance any
<br />moneys for any such purpose oar to do any act hereunder; and that Mortgagee shall not incur any personal liability hecauve of any-
<br />thing. it may do or omit to do hereunder.
<br />In the event of the default by Mortgagor in the payment of any installment, as required by t}ae Note secured hereby. or
<br />in the performance of the abiigatien in this mortgage or in the note secured thereby, the Mortgagee she!! he entitledi Ga declare the
<br />debt secured hereby dpa and payable without notice, and,the Mortgagee shalt be entitled at ifs option, without twtica, either by iE.aelt
<br />ur ktjr a receiver' to be appirintcd by the court thereof, and without regard_ta_the adequacsr c±E any security f~ the ind~l±t:dn .e-
<br />cured hereby, to enter upon -and take poskeesion of the mortgaged premises, and to colleeE and receive the rents, issues and profits
<br />thereof, and apply the same„less amts of operation and celtectlon, upon the indebteKlhesa secured by this mortgage; said reirfs;
<br />issues and proflta being hereby assigned to the Mortgagee as further security-for the payment nt elk indebtedness secured hereby.
<br />- The Mortgagee shall have the power to appoint any agent or agents if may dasirr for the purpose c+{ repairing said prem-
<br />ises; tenting Sha-same; collecting the rents. revenues and .income, and it may pay cwt of said income ell expenses incurred rn rent'
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<br />ing and managing the same-and of collecting the rentals therekrom. Tlie balance remaining, if any, 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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