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TF[E MORTGAGgR -FURTHER Cft"IrENANTS ANA .AGREES: _.,
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<br />'That the, Mo~rtga'grir ;will pay the tndehkedness; a4 hemrnbefure proyid~d~ i ~, _ l
<br />That the Mortgagor is the owner of said property in fee simple and ~Ihas good~~right and lawful authority to sett and
<br />-- convey the same.and_#ha# the-same~iafree and ~ctear of any lien or encumbpance: and that Mortgagor wilt warrar. and defend the
<br />title to said premises against the -deities of a!! persons whomsaever_ -
<br />To pay immediately when. Brie and"payable alt general taxes; special taxes, special assessments, water charges, sewer serv-
<br />_ ice charges, and--other taxes and charges against said property,'and alT taxes levied on the debt secured hereby, and to furnish the
<br />Mortgagee, upon request, with the anginal or duplicate receipts therefor, The Mortgagor agrees that there shalt be added to
<br />each monthly payment required hereunder or under the evidence of de}it secured hereby an amount estimated by the Martgagee
<br />- to be sutAcient to enable Lhe blor#gagee to pay, as they become due, all taxes, assessments, sort similar charges upon the prem-
<br />ises sirbjrct thereto; any deficiency }x•cause of the insufficiency of such additional payment-e shalt be forthwith rleprgited by Lh?
<br />Martgagor with the Mortgagee upo^ demand by the Mortgagee. Any default under thi, paragraph shall be deemed a default in
<br />payma~=nt of to>es,-assevsment..-, nr similar charges required hrn•uncler.
<br />The Mortgagor agrees tha6 there shall also he added to each monthly payment of principal and interest required here- -
<br />undrr an amount estimated by the :Mortgagee to be sufficient to enable the Mortgagee tc: pay. as it bewme~s due, the insurance
<br />premium on any insurance policy delivered !o the 'Mortgagee. Any deficiency because of the insufficiency of such additional pay- --.
<br />greats ~ha;! 1>e~ fnrthwit}i deposited by the Mortgagor with the Martgagee u{xm demand by the 'Vtor:gaKee. Any default under this
<br />paragraph shall Fs• deemed a default in the payment of insu ranc-e premiums. If the ;rnlic'y or policies deposited are such sec home-
<br />p awners or all risk {x>licies, and the de{waits err insufficient to pay the entire premium, the Alnrtgagee may apply the deposit to
<br />1 pay premiums un risks required to Fee insured by this mortgage.
<br />~, ~ Payments made by the Mortgagor and,>r the attove paragraphs rosy, st the option of the Mar~agee, be -ftefd by it and
<br />curnmingled with other such funds ar cts own funds fur the payment o[ such items, and until so applied, sucfi payments err hereby
<br />. pledged as security fur the unpaid bxtance of the murtGage indebtedness.
<br />To pracurr, deliver ta, and maintain for the lwm•tit of th=• ~-tortgagee during fhe• life of this mortgage original poll. =_•s and
<br />- rerrcwals iher[wF, deli+-o red at 1+•;c.,t ion day-s }~furr the expirrtiar- of eery such policies, insunnK against fire and other r,.-.::rarhle -
<br />}uznnts, casualties, and cmatingenciew- as the Martgagee may require, in an amaurt equal to the indebtedness securr><l hti this
<br />_ Mortgage, and in az,tcpaniE•s acee p±ahte to the Motgagor, with !oa payable clause in favor .~f and 1n form acceptable to C,c lturtga- -
<br />- gee. In the event an9 policy is nut renewers on or before ten clays of +ts expirau<m, fhe Mort„agee may prrn:ure insurance ern the
<br />.;•rrnents, tl;r {;re-solo... tl:rrr'f<:r. a:::l such ,.::n vhalt F.ecume ,,..,-n2diate:l• due and {:t;yablr ..,tk „-, at - ratsc-f
<br />fort}t in said natre until paid and shall !>E• ,reared by thcs mortgage. Failure on the part of the Mortgagor to furnish such renewals -
<br />as are herein reyuirrd or failure to pay any sums advanard hereunder .hall. at the option of the Mortgagee, constitute a default
<br />undee the terms of this mortgage The drlive ry of such pulic•ies shall, cn the event of default, constitute an assignment +,f ]tier un-
<br />earned premium.
<br />Any sums received by the MuriKagee by reason of loss or damage insures) against may he retained by the St urtgagee
<br />and applied inward the payment of Lhe debt hereby secured, or, at the option of the Mortgagee, such sums either •x~holly ur in
<br />part may tx• paid over to the Mortgagee to be used to repair such buildings or to build'new buildmKS in their place ar tar any
<br />other purpose or object satisfactory to the ~f urtgagre without affecting the lien on fhe-• mortgage far the full amount secured here-
<br />by before such payment ever toc;k place. -
<br />To pn~mpth• n~{>air, restore ur rebuild any hmldings nt improvements now c.r hereaft.~r on tke {!renzi.es which may he-
<br />mme damaged or destroyer], to keep sate] premises in good condi lion anti re{rate and (err from arp mec•hanir's Lien or other lien or
<br />. claim of lien not eapresviy subordinated to the lien hereof; nut to softer ur permit any unlawlut uk• of or any nuisance to exist nn
<br />said property our to tu*rmit waste an said premises. oar to do any other act whereby the properly }sereby rnnveyed shall }>fcome -
<br />less vaiuaFrFe, oar to diminish or impair its value by any act or <rmission i., act: e., caunpl+ with n[t r:>r;u:rs•ments aF few with inspect
<br />to the mc.rtgaged {rremi-se'., and the use there+,f. -
<br />`I'--hat should the premises or any part thereof ter taken ur damageei by reason of env {;ubirc trnpnn~.rorrnt ar ,~xndernnation
<br />pruceetiing, or under the right ~t eminent domain, ur in any other manner, the 4lurtgagc.• _halt }v -atttle~=1 t„ alt c'om;.u:nsatirnx, .
<br />awards- and env ether tavment or relief therefor, and s#rali be entitled. at its otat,ern. to rommenc«. atrr_+ear in an=1 nrcxsecuts trt ire _
<br />own name any action ar prurr-edittg. err to make any c-rrmpr-muse ur seftia•mrnt en cr,nn:-coon :with such taktnfs +;.r rfamage.:yit xucrt
<br />eumt~tttiu:i; a~aidd~; dtnag~ taFtr trf aatlan stns pt'r~~errla are hereby a.igr'~- .v : ~ }ter, #gas~ - ~f'A rye. aftaT--„~;;;:tin3
<br />- _-- - the~f~rrrt-attata=xt~na~, reFg~ ar+~money~~rzi-b}° it-;~x-apply-tFtg~anra= c,rr cry-{t#::gate+',rt~s ~~ar~+ k,- °~-_. Thy-MS€t-- -
<br />gagoe agrees !u execute such further assignments of any crom{xrn+ation, awarcta, damages, and nghW of action anc) prixeetis as-the
<br />` Mortgagee may require. -
<br />That. in case of failure to perform any of the covenants herein, the Mortgagee may chr on the Morlgagar's Mahal{ rvrryttring ~ •
<br />so covenanted; that the Mortgagee may also des any act it may deem nec'easary to protect khe lien thereof: that the Mortgagor will ~'
<br />repay uprur demand any moneys paid or disburw•d by the Mortgagee for any of the shave purtxxses, and such moneys 4ogether with
<br />intmreet thereon at the rate provided in said note shall htcume so much additional indebtedness hereby securc•Lt and may tu• en-
<br />cluded in any decree foreciusing this mortgage and he paid out of the rents or prcrcrerk of safr of said premises if oat uthotevise ~,
<br />paid; that it shalt not be obligatory upon fhe Mortgagare to inputre into the validity of any lien, rncumbram.•s. ,u claim in ad• ""~~
<br />vaneing7nonoya as above authorised, but nothing herein contained shall he construed as requtcing the Mortgagee to advance any
<br />' moneys for any such purt>ASe oar to do any aM hereunder; and that Martgagee shall not incur any personal liability because of any-
<br />thing it may des ar amt! to do hereunder.
<br />In the event of the defaulE by Mortgagor in Etu• payment of any iastallmrrnt, as required by the Nntc- seeurevi hereby, ar -
<br />in the performance o[ the obligation in this mortgage or in the note secured thereby, the Rartgagee shell tee entitled to delare the
<br />debt secured hereby due and. payable without native, and the Martgagee shall he entitled at its aption, without mdiee, either by itself
<br />or !t1% a.recriyer to be appointed by the court thereof, and without regard to the adequacy of any security lac the indebtedness se-
<br />ettc~3-ht+celsy; to €ntf=r ttpan and takes. piizn e'f the-rartgageit-pr€rnis~, and frx taFt€xt seed re€~iv€ thF ren#~, i_ __..-and prnftts-
<br />ihereat; artd app13' the sarne:.less ccaflfs of operation and c•c,ilt-etiott. upon the indehtorine srcttretf by this tnortgatte; said tents.
<br />iaauesend profile being hereby assittned to the Mortgagee as further security for the payment of all indebtedness ercured hcretry.
<br />- - - .The )mortgagee shall. have the. pawer.tn apppint any agent or agents it may desire far the purpose of repairing said prem-
<br />ises; ranting the same; aoltecting the rept0, revenues and income, and it may pay out of said income all expenses incurred in rent-
<br />. ing-and-managing-fhe same and af`cv#tacting the rentals thece[rom. The balance remaining. if any, shalt he• applied towaad the
<br />t discharge of the ,moortgage indebtedness. This assignment is to terminate and became Wait anci void open reies~sr vt this mortgage.
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