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<br />T.HE MORTGAGOR FURTHER COVENANTS AND AGREES: "'~
<br />Thak the Mortgagor wilt pay the indebtedness as hereinbefore provided,d•
<br />That the MortgEgor _-i8-the owtier-of saiH-liroperEy-ftt-lee, simple arid-has-good zight and lawful aethority'ta sell and
<br />convey the same mid ~t4iat'the-»atne ia, ftee'snd cle9r of any lien or encumbrance; and that Mortgrgor wi3l warrant--and defend the - -
<br />tide to said premises agaipst'~t}ie _-atsitns a( all persons whomsoever.
<br />- To pay.iaieiedtatrl}i svliuti r7ue _and_~payahte e1! gerieFat Yaxes, special taxes, special assessments, water charges, sewer serv-
<br />ice charges; sad ottrer tazea'attii! ehargRS agaits,E said,-pmperty:=atld ailtaxes levied on the debt secured hereby, and to furnish the
<br />Mot#gagee,,~7poit=?a9acst tvtth ibe`orfgiitaY'or '-dtipiicate receipts .therefor- The Mortgagor agrees that there shall be added to
<br />each monthly peyri+ent required hereunder or under the evidence of debk secured hereby an amount estimated by the Mortgagee
<br />to be sut~ent to etmbfe -tile Mortgages !a pay, as They btxome due. all taxes, assessments, and similar charges upon the prem-
<br />ises subject thereto, ati_• deficiency becatise,.of the insufficiency of such additional payments shall be forthwith depticifed by the _
<br />Mortgagor-~iYlf~:-tlie.MortgBgett `ulxin~ demand by the 1~3ortgagee. Any default under this paragraph shall he deemed a~default in
<br />peymerit`ui fazes, assessreenls,-ni•-siinitsr charges required hereunder. - - - - --
<br />The Mortgagor agrees that-there shall also be added to each monthly payment of principal and interest required hern-
<br />under an amount estimated by the Mortgagee to be sufficient to enable the Aortgagee to pay, as it becomes due, the itsurance
<br />premium an any irrsurance policy drlia-aced to the Aortgagee. Any deficiency because of the imuA'iciency of such additional pay-
<br />ments shall tx+ forthwith deposited by the Mortgagor with the Atortgaga~ upon demand by the Aortgagee- Any default under this
<br />patragraph shall ire deerrted a default in the payment of insurance premiums If the policy :~r policies d.•ts~..it«~d arc such as hume-
<br />ownets or alt tick Policies., and the deposits are insufficient Lo pay the entire premium, the Morrgttgre• may apply the deposri to
<br />pay premiums on risiu required to 6e insured by this mortgage.
<br />Paymens made by the Mortgagor under the above paragraphs may, at the option of the Mortgagee, tie held-hy it and
<br />emtminglyd with other such funds or its own funds for the payment oC such items, and until so applied- such payments are hereby
<br />pledged as secyirity for the unpaid balance of the mortgage indebfedness-
<br />To procwe, deliver to, and neaintam far khe bane&t of [he Mortgagee during the life of this mortgage original policies and
<br />renewals thereof, delivered at least ten days heiore the ezpiratian of any such policies insuring against fire and other insu e~ahle
<br />^~ ..--- aid .,~sr_~ ,~ ~ La thg Mgttoea°eYr mays nenui;e, in an amount eaval to the indebtedness w_.r„_rwi by this
<br />Mottgaye, aryl in coarpanies acceptable to the Mortgagee, with lass payable clause in faaror of and in form acceptable to She Aioriga-
<br />gee. In the rveat any policy is nut zetuw'rd nn or trrtore ten days of its- expiration, the Aortgagee may ptncurr insurance an the
<br />tar, tvaea7rnts, pay ttte prrrntum ih.-retor, and such sum shall becmme immediately due and payable with interest at the rate set
<br />forth in said aatr until paid and shall be setatrrd by this merigagr. Failure on the part of the Mortgagor to furnish such renewals
<br />as are herein required or failure to pap any surti_s advanced hereunder shall, at the option o[ the Mortgagee, tanstitute s default
<br />under the temu of !irks mortgage. The deliarrv of such pert icirs shall, in the event of default, constitute an assignment of the un-
<br />earned ptaaium-
<br />Any sutras recekard try lire Mortgagee by t-eason ni' loss or damage insured against may M retained by the Aiartgagee
<br />sad applied toward the payrrrertt m the debt hereby secured, or, at the option of the hiorigagee, such sums either wholly or in
<br />part matt he paid over to ibe Morttsgor tv be used io repair such buildings ar to build-new• huildtngs in their place or for any
<br />other l»~ OT object satisfactory- to the Murigagrr aithaut aRecying the lien on the mortgage for the full amount secured here-
<br />by iaefore each psymeai ever took ptace-
<br />To promptly repair, restore or rebuild any buildings or impeovemenis now ur hereafter tat the promises which may tre-
<br />ecaot dmsaatatl or destroyed; to keep said premises in good cvndk tiara and repair and free from any mz<hanie's lien nz other lien or
<br />claim of lien tint ezprrssly aubordkrsted !er the lien hereof; not fo softer ar prrmi2 any unlaw~tul use of ur any nui.aray !o rust on
<br />clad property nor to permit waste on said premises mrr to do any other act whereM• the property lterrhy conaryrd shalt hrcome
<br />iex rstrtabiq oar io dimknksit ar irnptir its value by any act ar omission to art; ;,r trunpTy with alt requirements of law with respect
<br />m the ttwrf~gad Premises and fire tree tiurmf.
<br />IRtat should the p••••,:ma oT any part ilierrof tie taken ur damaged by reason of ana- public kmpma-ement ar tyindemnatson
<br />ptoaeetiiag. to under the right of _._:aent dretiakn• or is any other manner. the Ahtrigagr shall ire en'i#led to all rompensatiors,
<br />aarzls, sad say tuhrr pays•srat ar relief therefor, and shall 6e entitled, at its option, to :~,mmrna-e. appear :n and pTOCea:uto to i~
<br />nrm name any atom fir PTaaeeding. of to make say eamptyeaise or aettlemeni in mnriection with such taking ar damage. All stxh
<br />• awards, damages.. ria{trt afi action scot pttereds are hereby aaaigrred to the Mortgagee, astui may, after tlrrtactnig
<br />t}aa>~ all ire • release say mmeys fa tt+<eiwd T.p it or aPPly the same on any indebtedness secured hereby. The Aion-
<br />gatttat agsetr to ettsreate trash further tesigrmrents erf say carnpe~rtsaticrn, ataards, damages, and rights of action and prvoeeds as the
<br />l ta+7 s'e4dX-
<br />3Ziett in taut at #aiitste io pexforttr airy .ut the oovananss heroin ilea Al uttgagee tray do an lire '-Nartgagar-s behalf rverythiag
<br />tr COtrlgapted: tka! ttre hlrtslgager may also tla say art it rosy dram rarcrssary k protrrt. the lien thereof: that the Aortgagor will
<br />repsgr then tieseswd arty mooeYa paid or $kstautted by the Matt'tgager far any o! the shove Wtrttotcs, acrd such moruvs ttrget}ier with
<br />tset~rern 1 al the tale pravidad is trnid nete shall Ireeexrie so much additional rndebtrehress hereby sn aced and may Fee in-
<br />cluded isr ,mfg de+:vee toa'eslasiarg f~ mt+rFgaSr std tx paid oat of lire tents or proceeds a1 sale of said prernisrs if trot oche
<br />pdd; r~ it ~ set be n upon t}u Mortgagee to inquire into flu validity of any lien encumMantyta, or claim in ad
<br />t~s[ ~~!~ r abase aathar3and, but trathing hrteia tcmt,sinrd siislt 6e etuistrtxd as rryuirkng the Mortgagee to advanix
<br />aimtya htr ~ pttrpose riot to ~ say act hexeur; and that Aiortgattee slsaki ru+i incur any persona! }ialrility trey-Huse of an-~-
<br />~5 it s4 do se r+ariit to vie Les+etmder. ~.
<br />3n rise wet4t of lice del[auh by Mortgagor it tba payment of any installment, ac required by the Nett secured hereby, or .
<br />it rice ~ oI tLa a~atias a #Lia tteott~,ge or iw the t»te secured t3tarrtty, the Merigagae tdiall he eaiktlyd W declare the
<br />;IeM aeoued Ireucby due sad psyalde wititaui rxcu.ioe, alai the Aiortgagc-r shall t.r entifl.~3 aT it. spit^r. without n.~ticr. rithrr hY itwft
<br />or hg a tetttu+er ~ tee appciritrd try lice court thereof, and wltbtwt regard to the adoqux;.y of an}~ secunfy fur the mclrb[zdne;,s sr-
<br />-r- Eo r upge aa~i taix of the ~.~:.~°°a. premiara, scut to collect and receive the re-ats issues and pi•o6n ;_ `,:
<br />sad tt~tly rite same, ooapt of ape;ata,~p auI callectivn upon ttre itatebtc~tirues aet;ured by this martgaEn: spid rrnta,
<br />,lassos at+r~wed tar the ]~'R as ftttther security Itrr Rtre payment aC all itdehtedrirss secured hreehy
<br />-. _'j~', »>1kt~e.~lea p~aarlo appoint say ageatt to aLetttta it may desire for the purpose of repairing said prem-
<br />ises; dm ease: tnllecltpg the treats, teventua and iatymie, and it stay pay mil of said ktrtwroe all rxprnttss imvrred in rent-
<br />. ,stg sad tmtwagittg lira salsas clad d qsi the teatals themiwm. The tralattce remairrin4, if any. shalt 6r applied toward the
<br />ttitdeartla et that ;: ~ r!>itat sattigaseat ks ~ terminate std become nett std void upon release of thra mortgage.
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