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<br />T.HE MOtttTGAGCfF{ FL7RT~fE~~ CiLt~t?'ENAivTPS, ANLt AGRF:ES_ I ~.
<br />~ ~ ~ ~~~V ,
<br />That attic Mtlrtg~ag~nt: well p~ay':~'the indeht'atlne~~s~~as'~ hereinhefare pr'amdedl ~~ ~ . ~,~
<br />That the Mortgagor fs..ihe Owner of said property in fee simple and has go«i right and (awful authority to sell and
<br />tronvey the same and that the-same is free and,ctearof any-lien ar encumbrance; and that Mortgagor will warrant and defend the
<br />title to said premises against the ~chifirks of alt persons whbrit$©eder.
<br />- Ta pay~iminediately. when ~dtie and payable all g'eriefal"taxes, special taxes, special assessmentc, water charges, sewer serv-
<br />ice charges, and other taxes and charges against said property, and. all taxes levied an the debt secured hereby, and to furnish the
<br />~~ hiartgagee, epee request, with Llee original at duplicste~reeeipts Ih~refor. The 4'fortgagor egrets that there shall he added to -
<br />~q each monthly payment reyuired hereunder or-.under the evidence of debt secured hr>rrby an amount estimatrrl by the '4iorigagee
<br />~Fi in Fee sufficie>nt to- enable tfte Mortgagee to pay, as they become due, all taxes; assessment:, and tiimifar charg<>v epee the prnm•
<br />ixs subject thereto; any deficiency because of the insu[13ciency of such additional payments shall hr forthwith de{iosited by the
<br />Mortgagor with the htrartgagee upon demand by the TvSortgagee. Any default under this paragralih shalt tm deemed a default in
<br />w~~' payment of taxes; assessments, nr-similar charges reyuirec! hereunder.
<br />Thr Mortgagor egret>a that. there shall also hr added to each monthly Payment of pri naipal and interest required hrre-
<br />un!ter an amount estirnated by the Diortgager to ba vu~cient h~ eaablr the Mortgagor to pa}-, as it becomes rive, the ~nsu canoe
<br />('~ premium an any insurance policy delivered to the Mortgagee- Any deficiency Fw~rause of the insutliciency of such additional pay-
<br />h me•nts .shall he forthwith depacitod by the Mortgagor with the Mortgagee utx:n demand by the Mortgagee. An}' rlrfault under this
<br />pit ragraph shall be deemed a de{ault in the payment of insurance premiums. if the pr+lic•y or policies drpasited err such as tn>.me-
<br />owner.> ar x11 risk Polirrcc. and the drpasits are insu~cirnt lu pay the enUn> Premium, the Mortgagee may apply the deposit to
<br />pay premiums on risks required to t-M else re<l by this mnrtRage•.
<br />Pa}-moots made by the Murtgagrxr ureter the above parat;rapF.s may, at the a{trine of the Mc>rtf;akec, tx Feld by rt and
<br />cotmningled with other such funds or its trvn (ands (ar the payment of such items, and tmkil so applied, such payments are hereby
<br />plrxigeti as security fur the unpaid haianrr of the rnnrtgage indebtedness. -
<br />Tu pnxure, deliver to, and nutintain for the benefit of the Mortgagee doting the life of this mortgage urigina! poliri=~.c and
<br />renewals thereof, delivered at lean te=n days 1x>forr the- expiration ~,+t ary such policies, insuring against fire and other ~-~..urabie
<br />lrsaarda, casusltie•s, and cottiingen,ies as Ehe Mortgagee inzty rt>yuire, in an amount equal to the indebtedness securctit by this
<br />Mortgage, and in em»}~anirs -r=rrptahle to the ~4ortgagrr, with less payable clause in favor of and in [orm acceptable to t,t:r ~4criga-
<br />gee. In the event 3n'. trali8y Lti r;et renew2~41 an ar t:e t.'re Q.. >{aVS of il.<, ezj?ira lion. Lhr ~„rTr a~9e may Im+cu re insuraneN un Lhe
<br />improvements, pay the prrmium thr>refor. and such sum ~hatl hoc<>n:e immeelia4•ly due and payable with in±erest at the rate set
<br />forkh in said note unfit paid and shall !>r- ~.r>currd by this rnartgage. Failure an the part of the tilartgagor to furnish such renewals
<br />as are herein required r>r failure to pay any Bums ar?van<~gd hrr.•under shalt, at the nptian z>f ti?e Mortgagee, t:.tu~titu€e a elefault
<br />under the to mts of this mortgage. Thr deli3-ery of -suvh P+ltiries shalt. uc the event of default- crnstetutr an assignmenF of the un-
<br />earned premium.
<br />Any sums received lry the 11r,rtgage•e• hy- r+->as,.n of loss or damage ensures? against mac tx~ refainr•d by the 4fortgagre
<br />and spplieri reward the payment of the debt hrreh}- se cu rvcl, <r, si the optton •-•, the \tartgagre, sucb. -rrms tither wholly z+r in
<br />part may be paid over to the Mortgagor to ix• used to mpair :uch lautdingc ar ±e buiYl'new buildings :n their piece ur for any
<br />other purpose or ob}ecf satisfactory to the MerlRag•~e without atTrctnrg the lien .m the mortgage tar the felt amount sere nod titre
<br />by before such payment ever tank place
<br />Ter promptly repair, n>.cinre ur rebuild any hu d+tings nr rroprovemrtt is now r.r beer>a fire on the premises which may Ex+-
<br />cutne damaged or destruycd; to keen said premiers in Bard rnndi ti+m anti mp:rtr and free from any me>chanir's lien or other Tien nr
<br />claim of lien not expressly sutxrrdinated tr, fhe lien hereof, not ftr sailer or f+c~rmd any unlawful use of ar any mrisancr to o~xist att
<br />said property oar kr permit waste rxt said premis.•-, nett t<, d+: arty 3:(hrr act whereby the prrprrty htrehy eonvr i'ert shaft hecrome
<br />ls~+ rafuabte, noz to diminish or inttyair its raiuc by at; a'.'t :,..3n::.k=,r:;: t+..u•t t:: romp:y with aI: rryu: n•mrnrs of taw with r<<sfrc*rt
<br />to the nu.rtgr:grd premi3.'a and the use therrc:f.
<br />m
<br />"That shatrlci the Pren9- - - or nn} I art t~.er -:>f 'r.= tak ` r.a - d }rv r .. of arv pubiis impracrmr•nt rvn+iemnatiars
<br />.ate-I,_n~, ..i ..net.-r ti,~ r3s4.r. ~,3 ...c., ?...:~.... +-, .;, ~€:S -: .3;- -fie.:. .. .}r-• '4f ~Ci ~~__et ~1,~11 4,~, -tt~i t.. ?i1 .-:-t :S~e~t3i+n_4
<br />awards, and any other payment ur relief tirerefur, and shah ere entitledi, at ifs option, t6 re,ntrnertce. aptrear in rind pnr3ectite lei ifs
<br />awtt name any active nr prrdinR, yr tr, tnak° any st>ml:rx;miss or se€€iem€~n€ in .~c>nn€rtion with suc'r.:akinh os dsmag€>. Ali stu€r
<br />tr3mpCrt9atian. ittvarc#a [ia:rrtagc•s, rignc of aettan aner-pre t~da-are-rt~rclsy-anigrrrrf-to-tnz--~°~'aeriFa-gea, v~-lsa.-~~-att~r-~ing----
<br />tlterefmtat all ira expenaea, release arty moneys au received by it ur apply the same un any iratebtedness secured hereby. The MorE-
<br />gaggr-agreos to execute such Curt her assignments pf any vamprnsalrure. awards, damages, anti righW of action and prcxv?eds as the
<br />Mortgagee may require.
<br />"[ hat in rase of failure to perform any of the covenants herein, tht• Aiorigagee may do on the ?<9artRagor'x behalf evert thine --
<br />tto covenanted; that the Mortgagee may also do arty acct tt may deem necessary to Protect the lien [hereof; that the Mortgagor welt
<br />repay upon demand any moneys paid or disbursed lay the Mortgagor far any of the above purptrres, and such muneya tugettirr with ;~'~
<br />iniereat thereon at the rate provided in said note shall become so touch additional indebit>tiness hereby seer: red amt map hP in-
<br />cluded in any decree tureciusini; this rnartgage and be paid out of the reels or 1>rareda of salt at said premtsrs if n+u otherwise
<br />paid; that it shall nut 6a ubtigalory upon the Mortgagee to inyuira• into the validity o.f any lien. eneumhraners, or claim in ad- .si:
<br />twrtcing moneys as abrwe authorixtw.i, but nothing hr rein trontained shall M construed as requiring the Mortgagee to advance any
<br />rrwneya lar any° aueh ptutxxsa nor to da any act hereunder; and that MnrtgaRra shall mxt incur any Peraernai liakuhty because at any-
<br />thing it may do ar trmit to da ttertrundar. -
<br />_ In 4hr avert ut the dttfault by Mortgagor in the paym.tnc at any irtaiaitmrnt, as tequimt by the Mute securt•d haretty, ur
<br />in the perfornrancr! trf the ahliKatiun in this mortgage ur in the note secured thereby, the Mortgagee shall hr entitled to declare the
<br />dmbt secured hereby due and payable without notice, and the Mortgagee shall he rntiiled at ira option, withcwt native, either by itself
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<br />nK ~ m racety@r -tO ire appOtnted-try-ttte -caur# thereof, and-cv-ithoat regard-ta-the aciayuacy af-anv-:tarttnts~ for tFre ifidrhtcgtitess ~•
<br />~artul heretry, to solar upon-and takt 1>os3rssitrri of the mss±gaRed pretttiae±*, and to c•t+tt!v±t and rtvKriira ttw rents iceues and {rrofits
<br />therett, and apply the same, .less ccraka at operation and tt+lleetion, upr!n the indebtetlnetss arCUtc>d by this mortgage; said rents,
<br />isatraa and protltabeinghe~eby aasi~ttpd to the-Afertgage*e-aa farther ataarrity tar the payment of alt iexlebtedm>ss sernrad hereby.
<br />The Mortgagee shat) have the power to ep}wint any agent nr agents it may desire tat the purpaae of repairingsaid prem•
<br />lase; renting-the same; etrltcetiug the- rents, revenues and inetame, and it may pay out trt said income all expenses incurred in rent-
<br />ing and managing the--same-and o(-callectittg the rentals therefrom- The balance remaining, it any, ahail hr applied Upward the
<br />dittuhat•gt of the rtartgage indebtedrteas, This assignment ie to terminate and bec~ctme nuts and void upon release crf this mortgage.
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