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T1FfE, MQItTlrA~QR FURTfiEFi t^(?V~NAN'T'S At:TI AGR1F'I"~:;~i F " i
<br />,l,
<br />1~,5>rt Bor' ~ P ~ ~9 hs~heremh t ~ ~ fled i
<br />That the ;,' gf itvdl ~ aY'_L~he ittdrb~ci ~ 9., ~ fie ~ j, 'u- ~ -~
<br />That the Mortgagor-is--the owner of said property in fee simple and has good right and lawful authority in sell and -
<br />rnnvey the same and that thesame'is free and clear oE--any lien iir~_ encumbrance; and that Mortgagor wilt warrant and defend fhe - -. -
<br />title to said premises against--the cl""&itits-o[ alt persons whomsoever.
<br />Tn pay iirtrnediately. when.due and' paya'blr all 'ge!neral taxes, special kaxes, specie! assessments, water charges, sewer serv-
<br />ice charge., and other-taste and charges against said peoprrty, and all taxes levied on the debt secured hereby- and to furnish Lie
<br />Mortgagee, upon "tequrst, ~ with"the original or duplicate receipts therefor. The Mortgagor agrees that that«= shall he added tc
<br />each monthly paynrenL required hereunder or under the evidence of debt secured hereby an amount estimated by the 14fortgagee
<br />to br sufficient to enable the Mortgagee iu pay, as they becumr due, a(I taxes, assessments, and similar charges upon the prem-
<br />ises subject thereto; any deficiency lxacause of the -insufficiency cif such additional payMenfc shaft he forthwith deposited by the
<br />blortgagoz with the Itfprtgnger upnn demand by tho Murtg~agc v. Any default undrr this parer; r.+ph shcdl hr dre•mr<I a default i^
<br />payment of taxes, asstessmr-nts, nr similar charges required hereunder.
<br />~~ The Mortgagor agrees that there shall also he added to rarh •nonthly payment of principal and interest reyusred here-
<br />under an tamount r~timated 6y the Mortgagee to hr sufficient b, enable th«• Nfurtgsgee to pay, as it becamrc due, the insurance
<br />premium un any insurance policy del}vered to fhe Mortgagee. Any cleficirncy because nt ihr in,uffiriency of such additiaral pay-
<br />rnents shaft hr forthwith depnsih:d by the Mortgagor with the Mnrtq~er urn demand by the Mortgagee. ,4ny default ut+.der tMs
<br />paragraph shall he deemrrl a default in ihr payment of insurance prcmitems. If the pol'fey ur polities deposited era such a5 humr~
<br />(~ awnrn ur all risk ixrlicies, and the deposits are insofficirnt to pay the entire premiun, the Mortgagee may apply the deposit to
<br />h pay premiums on risks required to be insured by Ehis m•,rtgitge-
<br />Payments made by fhe Mortgagor undue the above paragraphs may, at. the option u[ lhr Murtgager, Ix held by rt and
<br />romminglyd with other sorb funds nr its uw-n feuds f~~r the payrnrnt ~,: ouch items, and uotit ¢o applied, cvr-h pay ntents are irrrehp
<br />pledged as security for ihr unpaid halsince of ii,r mortgage mdebtedn«=ss.
<br />'Per t,rrat•ure, deliver to. and maintain for the hrnrfif of the Aiortg:rger Burin; the life o[ this mortgage original Pofi;;ies anti
<br />renewals therm(, delivered at bast ten days before the expiration «,f Any sorb policir-_s, insu riaq a„ainst fire and other it==.u table
<br />haz+irds, casualties, and contingencies as the Mortgagee may require, in an smount equal to the indebtedness securty' 6y this
<br />Mortgage= and in companies sux-eplahle to ihr Murtgager, u ith ios~ payable clause in faVc>r of and in form aereptabte d, th~ >7nrtga-
<br />. fn the evrnC at=~ p<~3ic. ~1 -rut renewed < a ur b~ture tE•e: duns of iCS exniration- the Murtgager may prxm~e insu~,<:; ,• gut the
<br />gee `
<br />imprcrvnment5, pay itrr 1,>rrmium kherefor, and rsueh Burn shall l,«•c.rmr i:nmediatriy Bur and Er-iyablr with interest st the rate set
<br />forth in said note until paid and shall tx• .~=eu red by thi. mongagc^- Fallure on the part of the Mortgagor to furnish such rrnrwa}s
<br />as nee herein requin•ri or failure to pay any some advanrrd hereunder shelf. at ihr ofrtion of the Mortgagee. tons'-ihdr a d;'€ault
<br />under the tertns of this murtgagr. The ~lrfiven~ u[ such pnli«•ia" .hall, in the event of default, constitute an assignment of the un-
<br />earned premium.
<br />Any :wms received by the Mortgagee by reason of fans o damage insured ;rgainst may [',e rrtairre', ny the Lurtgager
<br />and ap'~plievf toward the payment of ihr debt hereby secured, ur, at the option of the Mortgagee, such e: cams tither wholly ur in
<br />part may hr paid over to the ',Viurtgugor to b5^ ust,d to repair sucks buiirlings ur to build new buildings in their niece <,r fnt any
<br />ocher purpc~ or object satisfactory to the Mortgagee without a(fecturg the lien on the murtgagr for the fat! unuco-tt 4«^curn;! hert•~
<br />by trefare such payment ever t«ik place.
<br />`1'u promptly repair, resWre or rebuild any buildings nr improvements now ur hereaflcr am the 47rrnuw^s whi,-h may he
<br />come damaged or dcstrayrd; to keep said premises in go<~d cattdi lion anal rat?sic and leer frr,tn attp ;nra"haaic's tzun ur ,=th«.r ;c, _a u
<br />claim of lien nnl ex prrssly sutxrrdinated to the lien hereof; not to softer or permit rtny Unlawful use nt err any nuiwi nz^v^ to «;xrst mt
<br />said pr:rp-rely- nos tc ftrrmit waste un said prrmtses. nor [t-r rlu any other act wherrb}• tl;e pn.=party :se€ebG° ,.xuaV:-yrct shaS! ?.es~~e
<br />t -•~itts°~e_ ri+=r ~, =_t=via±~+:h car nmpair it= vatne by anp act ! r ,miti'±ion to aei- fu comply with elf reatn rrmrntt :,f taw wnh rrsg«~ct
<br />t~ the morkgsged prenta+es and the use thereof.
<br />lrrei5ii~.«~a iir .._-~ lime a,i.... ,.. ,.z- .n~'--- :tamar~l-, ~.,..-..,,, ,:.. ,,::t.!e:, ::..1._
<br />Ttuti should the ~ ~..: =e ,-...-_ r.. ,: +:r ~-,a :. .. ....... ..€ a, _ -.... .-- --------- '° ---~--°----~--`-
<br />pr«xerdin r esnetc-r the nigh t of ~m:nrnt durrain.:..:n ar-y_ :>thr.r mannFe. ihr 4i_>rtgaKe ~h«r!~ t:Y €-ti- ±-t _~-~tt t-,-,rur~r~ate~,
<br />awards, sod any other Pa}•merit ur relict thrretur, and shalt hr rntttled, at its option. in re,mmencr. appear in and Pr~Rxc-`ir - .ri it_:
<br />c -r .._..... ..y a~i-n r irror-r-r •- +ake _ ~,rprt:; :i'ir :.. tt!°n:rn cn ,^.ex€-. -t€t: ...na•w tak«„s r,i~~-".yll.~h
<br />~,,,~ - - is to , `- :.. -_ ~ ,~
<br />- - -cxn:~ar~n..awaxt~. d_a_maK.- right nf_actiun xrul ptocrcjh err hereby_ asxiKnrd to the hfortttatirr- who may, after deylurttng
<br />therefrom all its exprnsra, release any moneys so received 6Y it ur apply Ehr same on arty indrhtrtlttres trt: urr€i Isrrctsy. The !Mort-
<br />gagor agtrea kr execute such further a-ssignments of xny cantltrnsatiun, awardv, ciamagra, and riKhts of artiun and prtxirexls as the
<br />Mortgagee may require. :;y<,
<br />r ar
<br />That in cast of failure to perRrnn any of ihr covenants hereto. ihr MuriKagre may do nn the Mortgagor's h>haif rvrrithing - *`
<br />su covenanted; that the Mortgagee may slew da any azt it may deem na<a~sarp~ f«: ;rn>tii`t the lien thereof; that the MurtKaKti~r kdI
<br />repay upnn demand any moneys paid ar disbursed F}y the Mortgagee for nny of the shove pu rp«xses, and such mnnt,y< together with
<br />interest thereon ak the rate provided in said note shalt hec•ume sn much additional indrbteti nrss horehy st^eurrd and may !x` in- __~
<br />eluded in anY decree faret:lusing this mortgage and he paid out of ihr rentn ar procrerts of Batt: of said prrnirtee it twt othrrwiae
<br />paid; that iC shalt not he uhligatory utx~n the MnrtgaKre to inquire into ihr validity of any lien, rncumt.ram:ra, or claim in ad.
<br />vancing moneys as above authorized, but nothing herein contained shalt he eonstrasd as r~luiring the Murtgagec> to adeanes :iny
<br />moneys far am rtueh perptartr oar to do any art hereunder; and Chat Mortgagee shall net incur any personal liability because al any-
<br />thing it may tltt ar umiC to cla hereunder.
<br />In ihr ovens of the default by htvrtgagor in the payment u[ any installment, as tequirett br the Nutr •>t•vur=,t hereby, ur
<br />in the prrtarmance of the uhligatiun in this murtgagr or in the note secured thereby, the Murtgager shall br enutler! tc, drslare ihr
<br />debt secured herehY due anti lyayshle without notict•, and the Mortgagee shall hr rntiiled at its uptittn, without nutter, either by it+rlf
<br />ur-F€y a z'~ei~er.Cr_hr -. >psrinlt~I by Cho court thereof, and without regard fe the adrtiUacy of soy security for the indrhtedness se-
<br />curtrti herrty, to enter upon-and take pnssinn u€ ihr mortgaged premises, and to tYtlleM and receive ihr rentx, iKt:urit and tri»fifs
<br />thereof, and apply the same., ,less crrsly of operation and collection, upnn ihr indehttviness srcueNd by Chic marfga}te; said fettle,
<br />issues and profile being hereby as;rigned to the Murtgager as further sta~urity for the payment of alt iudelrtrd nrsa sacunxl here*hy.
<br />The Mortgagee shalt have the power tct appnint any agent or agents it may desire for the purpose at repairing said pcem-
<br />isea; renting_ttyesantr,-caltt~et>~the t•orits, rnwenues and income, and it may pay out o! said income alt expenses inrurrrtl in rent•
<br />ing and managing the same and of collecting the rentals therefrom. 'the balance remaining. if soy. shall bc• apptiect iowanf ihr
<br />dixhatge of the murtgagr iadabtednesa. This assignment is to terminate and became null sod void upon release of this mortgage.
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