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<br />T7rfE MI'1iIiTGAfSIDR i?fIRTHER CCDVLNANTIS A1NI} AGR'161F.S: { ~~.~~~~'~~~
<br />That the Mortgagor will pay the indebtedness as hereinbefore provided.
<br />That the Mortgagor is the owner of said property in fee simple and has good right and lawful authority to sell and
<br />convey the same and that the sameis free and clear of any Lien cir encumbrance: and that Mortgagor will warrant and defend the
<br />title to said premises againai_the claims of ail persons whomsoever.
<br />~ To pay immediately when due and payable ail general taxis, special taxes, special assessments, water charges, sewer serv-
<br />~ ice charges, and other Lazes and .charges against said property, and all taxes lrvi.<1 on rho debt seen red hereby, and to furnish the
<br />Mortgagee,. upon request, with the original or duplicate receipts Therefor, The tvlortgagor agrees that there shall be addecJ to
<br />each monthly payment required hereunder or under the evidence of debt s=cured hereby an amount estimated by the Mortgagee
<br />tr, be sufficient to enable the Mortgagee to pay, as they become due, alt taxes, assessments. and similar charges upon the prem-
<br />ises subject thereto; any deficiency because o[ the insufficiency of such additional payments shall tm forthwith deposited by the
<br />Mortgagor with. the Mortgagee upon demand by the Mortgagee. Any default under this paragraph shall be deemed a default in
<br />,payment of taxes, assessments, or similar charges required hrrruhdrr. -
<br />The Mortgagor agrees that there shall also be added to each monthly payment of princ•tpal and interest required here-
<br />under an amount estimated by the Mortgagee to be sufficient to enable the Mortgagee to pay, as tt becomes due, the insurance
<br />premium on any insurance policy delivered to the Mortgagee. Any deficiency because of the insu6reiency of such additional pay-
<br />ments~shall tee forthwith deposited by the Mortgagor with the Mortgagee uprm demand by the Mortgagee. Any default under this
<br />paragraph shall be deemed a default in the payment of insurance premiums. If the policy ur policies depusi red are such as Ftume-
<br />owners or all risk policies, and the deposits are insu(Gcient to pay the enG re premium, the Mortgagee may apply the deposit to
<br />pay premiums on risks required to be insured by this mortgage.
<br />Payments made by the Mortgagor under the above paragraphs may, at the option nt the :'v4ortgagee, be held hy- it and
<br />commingled with other such funds or its own funds (or the payment of such items. and until so applied, such payments arr• hrreba•
<br />pledger! as security for the unpaid balance of the mortgage indebtedness.
<br />To procure, deliver to, and maintain for the benefit of the Mortgagee during rho life of this mortgage original poiu~ies and
<br />renewals thereof, delivered at least ten days before the expiration of any such policies, insuring against. fire and other insurable
<br />hazards, casualties, and rnntingencies as the Mortgagee may require, in an amount squat to the indebtedness4 secured by this
<br />Mortgage, and in companies acceptable to the Mortgagee, with less payable clause in favor of and in form acceptable to the Aiortgs-
<br />gee. In the event any policy is not renewed un or before ten days of ii_s expiration, the Mortgagee may procure insurance on the
<br />improvements, pay the premium therefor. and such sum shaii beerme immediately due and payable w-ith interest at the rate set
<br />Corth in said note until yard and shall br+ secured by this mortgage. Failure on the part of the Mortgagor to furnish such renewals
<br />as are herein required ur taiture to pay any sums advanced hereunder shall, at :he option of the Mortgagee, constitute a default
<br />under the terms of this mortgage. The delivery of such policies shall, in the event of default, constitute an assignment pf the un-
<br />earned premium- -
<br />Any sums received by the Mortgagee by reason of loss or damage insured against may he retained by the 4lurtgagee
<br />and applied lowarcl the payment of the debt hereby secured, or, at the option of the Mortgagee, such sums either wholly or to
<br />part may be paid over to the Mortgagor to ix used to repair such buildings or to build new buildings in there place or for any
<br />other purpose er object satisfactory to the Mortgagee without affecting the lien on the mortgage (or the full amount seen red hero
<br />by before such payment ever took place.
<br />To promptly reparr, restore or rebuild any buildings ur imprc,ve•menL now or hrrraiter on the premises which may be~
<br />come damaged or destroycti. to keep said premises in good condition and repair and free from any mechanic's lien or other lien or
<br />riaim of tiro not expressly suFx>rdinated to the lien hereof: not to sutler or {rermit any unlawful use of or one nuisance to exist on
<br />said property nor to permit waste an said premises, our to do any other act when•hy the property hereby ennveyect shall become
<br />less valuable, nor to diminish or impair its value by any act r?r omission to act. to cump!v with a!! rrr~pirrn?rats +:f }aw with rrs}.+ert
<br />to the mortKaKe<i nremesrs anc! ihr use thereof
<br />That should th• prrmi+es or any part thereof ter taken ur damaged by reau,n of any publit•~ _ - - r~~rr cpndemnation
<br />proceeding, or under -ne n.•#:# of rmtnen# drxnairr, or in any othe. manner. the \it=rtgagttr shall hey ~ ~~ZY>tiiryensatinns,
<br />awards, and any other Payment rfr relief iberefvr. and shaii 1~ ::ntitled. at its cp#tirn, to ecmmence. appear in and prosinutr to its
<br />own name any action or proceeding, or to make any cumpn,mcse or setllemrnt in conncrtion with such taking pr damage. All such
<br />compensation, awards, riarrrages, right pf action and pna-ecds arr hrretey a&4iKttprf to the Mortgagee, who may. after rte*lucting
<br />therefrom all its expenses, release any move}•s so received by rt or apply the same on any indebtedness secured hereby- The 11ort-
<br />gagor agrees to execute such firrthrr assignments of any comtx•nsatmn, awards, damages, and riKhtx of action and proceeds as ihr
<br />Mortgagee may require
<br />That in s:ase a>t failure to perform any of the covenants hereto, the= Mortgagee may du nn the Mortgagor's behalf everything
<br />so tuvenantrai: that the Mortgagee may also do any act it may der=m nr-rrs+ap~ to Protect the hen thrrroi: that the btortKaKUr will
<br />re{lay upon demand any moneys yard ur disbursed by ilia Mprtgagec for any of the ahoy purprwes, and such moor=+•. together with
<br />interosi thereon at tha rate prr,vidrd m saint note shalt 6rreme su much adalitronal indebtedness hereby secured and may hr in-
<br />cluded in any decree forrchzaing this mortgage and br Paic1 out of the rents or prcx~rrds ~~f sale of said prrrni:,rs it not othenvisr
<br />paid; that it shall nni t?r obligatory ufxrn [hr Mortgagee to inquire info the validity of am lien, encumhranrrs. ur riaim in ad~
<br />vartcing moneys its alxwe authorir.eei, lint Walburg hr n•ir. +~nntarned shall tx- cosh nta~:! an rryuirutg the \iortgagrt- to acfvanc>e an}-
<br />moneys for any such purluise nor to do any art hereunder, and that Mortgagee shall not incur any lrersunal liahtfcry Fx>r°ause of any-
<br />thirtg it may do nr omit to do hereunder.
<br />In rho event of tha default try Mortgagor in the payment of any installment, as required by the Aiute seen n-d hereby. or
<br />in the.perforinaru~.of The uafitafiatrr-in .this. rortgage ur_ in the note sa~ured theret;y, the 4lorigaKe~ shaft -tu= enNtr~~ tz.r declare t
<br />dobt secured hereby dtx- and payable without noticti--, and #ha Mortgagee shall be entitled at iG option, without optics- either by ifseff
<br />or by a receiver to tm appointed by the can tt thrrra,F, and without regard to ihr adequacy of any seen city for ihr indehtrKlnrws ,<•
<br />Cured hereby, to enter upon and take pos!ce~sian rii rho mortgaged premises, and to collect and receive ihr rs~nty, issues and prvfiLs
<br />-thereof, and aplily rho same..lesa costa n[ olxaratiun and cxrtler:tion, upon the indebtedness secured by this mortgage, said rents,
<br />issues and profits being hereby assigned to the Mortgagee ns further security for the payment of all indrhtPdness srrureci hereby.
<br />The -Mortgagee stroll have the power to appoint any agent or agents it may desire for !hr purpose of repairing said pn•m-
<br />ices; renting the same; collecting the :ants, revenues and income, and it may pay nut of sairi ina3me alt expenses incurred in rent•
<br />ing and managing the same and of collecting the rentals there[rom. The balance remaining, if any, shalt hr applied toward the
<br />discharge nt the mortgage indebtedness. This assignment is to terminate and become null and void upon nrirase of this mortgage.
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