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TtiE MORTGAGOR Ff1RTI1ER t~DVENAN7'S AND AGREES: -
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<br />That the Mortgagor wilt pay the indebtedness es hereinbefere provided.
<br />That the Mortgagor is the owner at said property in tee simple and has good right and lawful authority to sell and'
<br />convey the some. and that the same is free and clear of any-lien qr encumbrance; and that Mortgagor will warrant and defend the-
<br />title to said premises against the claims of al! persons whomsoever. - ~ -
<br />To pay immediately when due and payabte ell gener¢3 taxes, special taxes, specie( assessments, water ohs;gee, sewer serv--~- _ '
<br />ice charges, and other taxes and charges against said properly, and alt taxes levied on the deM secured hereby, and to furnish thB~ - -
<br />Rtortgagee, upon reyuesf. with the original or duplicate receipts therefor. The Mortgagor- agrees that there shall 1>e~ added to'
<br />each monthly payment required hereunder or under the evidence of debt secured hereby an amount esfimatett by the -Mortgagee ,'-
<br />to be sufficient to enable the Mortgagee to paY, as they become due, all taxes, assessments, and similar charges upon fire prem• ~ -
<br />ises subject there W; any deficiency because of the insufficiency of such additional paymenlss shall bs forthwith deposited by the.' ~~ --
<br />Mortgagor with the Mortgagee upon demand by the Mortgage r. Any drfau!t under this paragraph shell be deemert a default in-
<br />payment o! taxes, assessments, nr similar charges required hereunder. -
<br />The Mortgagor agrees that there snail also be added to each monthly payment of principal and interest required here-
<br />under an amount estimated try the Mortgagee to be sufficient to enable the Mortgagee to pay. as it becomes due, the insurance ' - -
<br />premium on any insurance policy delivered to the Mortgagee. Any deficiency because of the insufficiency o[ such additional pay--
<br />ments shall Iw forthwith deposited Py the Mortgagor with the Mortgagee upon demand by the Mortgagee. Any default under this-
<br />paragraph shall be deemed a default in the payment of insurance premiums. if the policy or policies deposited are such ~ }wme• -
<br />nwners or all risk policies, and the deposits are insu(ficirnt to pay the entire premium, the Mortgagee may apply the deposit to -
<br />pay premiums on risks required to be insured by this mortgage. -
<br />Payments mach by the Mortgagor under the above paragraphs may, al the option of the Mortgagee, be held ~hy it and-
<br />commingled with other such (ands nr its own funds for the Uayment of such items, and until so applied, such payments are hereby. _
<br />pledged as security for the unpaid balance of the morig¢ge indettedness_
<br />To pr,xure, deliver W, and maintain for the benefit of the Mortgagee during the lift of this mortgage original policies and '~~,
<br />renewals thereof, delivered at least ten days before the expiration of any such policies, insuring against fire and other insurable I,
<br />hazards, casualties, and~rontingencies as the Mortgagee may require, in an amount equal to the indebtedness sttivred by this !, _
<br />fvfurtgage, and in companies acceptable to the Mortgagee. with loss payable clause in favor of and in form acceptable to the Mortga- '~,
<br />gee. In the event any prslicy zs no[ renrwrxl on or before [en days oC ih; expiration, the Mortgageemay procure insurance un the ~'~.
<br />improvements, pay the premium therefor, and such sum shall brx:ome immediately due and payable with interest at thr rate set ~'~
<br />forth insaid notrr until paid and shalt be ser_U{ed by this mortgage. Failure on the part of the Atortgagar to furnish sash renrw•ala ~I
<br />as are herein required ue failure to pay any sums advanced hereunder shat!, at the option nt the Mortgagee, constitute a default
<br />under the tertnc oC this mortgage. The delivery of such poolicies shall, m the event of default. constitute an assignmr nt of the un~
<br />earned premium.
<br />Any sums received by the Mortgager by reason of losx ur damage insured against may be retained by the Mortgagee '~
<br />and applied toward the payment of the debt hereby secured, or, at the option of the Atortgegee, such sums either wholly ar in
<br />pert may be paid over to the Mortgagor to be used to repair such buildings or to huild'nrw buildings rn there plat or far any I
<br />other purpose or object satisfactory to thr Murtgagre without aRreting the lien un the mortgage for the toll amount area red hem
<br />by tae&rrr such payment ever trok place.
<br />Tu promptly repair, restore ur rubuiki soy buildings ur impmaemrnls now or hrreaCter rnt the premises which may he- i
<br />come dantaRed or destroyed; to keep said premises in K'~t crrndruon and repair and free from any mechamc'x Irrn or uthrc lien or
<br />claim (lien nut rxPeeasty suburdtrtat€~d to the tarn t? r_u[. n t w suHrt _c 1?rrmit env unlawfuF use <rf nr anY nuisanes to exts# on
<br />said property nor to permit waste on said prrnzisr. ar c:± t any uth. r act whereby the property hereby eenvsyrEt ;halt l>,•ctune i
<br />teas valus6lr, nor to diministe or impair its value by any act or .reel-sloe €_ a t:::x c.:mpE}~ with alt requinamvnts .r# taw w~it#r rrat>r.•r '
<br />to th{! lour#gagrd turmise:s and the use ttRerru{.
<br />' 3~. ~ i
<br />That shoo-Id Shr trretniars ur env l+art ttx r.vzf br t+skrn •rr .lamaxr_d br raabun of art}- publrr i =fir =rr~ts~±tr_- ~~uausza ?
<br />proceeriing, a>r under the right of eminent doma+n, or m any other manner, the Mortgagor snail hr rnutitd to ..tl rz.mla'nrati<ats.
<br />awards, and any other payment or retie! thrn*tur, and shall be en titled, at its op4un, W commence, apt'err ut amt ptntsv'ute ,n eta
<br />own name any action or prtxe.!ding, ur ku make any cumprumian ¢r settlrmrnl in connection with xuctr taking ur damage All such I
<br />av>mpnnsation, awards. dsmagw, nght of actr:rn and pnx'rNis are hereby assigntvf to the Mortgages, who may, after deiucu ng
<br />therefrom all its expenses, release any mrareya w rrcatva+d by rt ur apply the sartte on any indebtrdrras secured hereby 'I'hr Murt~
<br />fagot agars to execute welt further ansignmrn4r r+t arty cumprnsahon. awanis, damages, and rights of artu,n anti prea~:rrals as flex
<br />Murtgagre may lrquire_
<br />"Thal in czar of failurn W preform anY u! the <vvenanis hr tern. the Murtgagre may du un the '•tarlgagor's (what( r.rr a-thing
<br />ao tnvenantrd; thaS She Murttagrr may Blau do any xt it mar deem enrrswry tar prntrtS tkr tiro thrrra>f. thaE the ~turtgatur +tll
<br />repay upau. dernartd any nwneys paid or desbu rand by the Murtgagre fur any of the at>c>vr Uurpusue, and such monsya tngethre with
<br />inirreat thsrson at the rate pruvitfrd in said uotr sttxii tiss:omr sa: much addrhurrat ,ndrbtesfnrsa t,v nb} area east and maY be in-
<br />:'ludalt in anY dsrrea forscla.xucg thta murtsrsa and he pwd out of the reels ur pn,cveds of wlr of wui prrrnix•x d rn.t .~ths+rv.iwr '
<br />paid;tlrat it xhatl nut ba obligaturY utatn the Murtgaganr W uryuara rnW Ins vahditY of anY ban. rncumhraucrx, ur claim rn ad~
<br />va+rCittg ntwtaya as above authorised. but nothing herein contained shat! tzs construtd as requinng thr Mortgagrr to a.fvaucs any
<br />moneys for anY aw;h Ntirlarse rrw W do arty act hereander: atttt thaE M<.rtgagaa xhall not recur any Prrsunal Iiahilily Irrcauar of any.
<br />thirtgit may du or onus to tfo twesunder.
<br />!n the eylnf [rf Lhr Grfaul4 by Murtgrgm rn ihr payment of any u,slalluirnl, as reyuirrrl by Ihr Nuir ar. arc-J hereby. or
<br />in !hr pertntts.an~ of EA.r r~liaalton >+ then nts.rtt~age €xr iE.. Sb€ ir±~tg st!+u_re•{ lher?by, ltt~ '+tr,etgage,.' *haf! ~ rt:titia=:i tw- .ER.iarr thF
<br />debt aecu red htrsby due and Vey atilt withouS notnX, slut !hr Murtgagre shalt hr entitled at rth option, wiEluisrt ru,irev, a-ithet by eEsxtl
<br />ur by a rr ceiver tr, dr appointed by Ehe tiw rt tttrrrot, and without rogard to the ad:quacy of any security fat the rndririe~rtneas er~
<br />+cured hereby. fo enter upon grad take DosMa+FSir+n cif !hr nxrrteagrd Vrrmiaea. and So calirct acrd receive ihr rents, issurs and peoflts
<br />thereat, and apply the aunts; law oasis of uperaSsun and rtriteetion. upon the indebtrcinew securwi by (hie murtgags. said reels,
<br />iawes and pntAla being Iwreby assigned to ti+e Mortgagee is further setutitY for the payment of ell indrblwtnesa stw•urrei i,rrrbY~
<br />- '1'hr Mortgastre =shall ha,.s the power to appoint any agenE of agtnts it may desire for the purpcr:s of rrparrirttt wid prem•
<br />ices; canting the sates; rulicciirtx the rant, rsvrnues scot errcumr. and rt may pay out of said inavme all rxM^narr ,n<•urrat rn renl~
<br />irrg artd managing the sanrolt and nt eutlirotirtg the santaL Ihrre/rom. `[`hs tralarwr remaining. u any, shall 1,r sPpirrd tarward she
<br />disrMrEe of the rrtortYaje iratab[edneaw This assignment is to terminals and t,acunae null anti void upon rrlrwxr of this nx,rtgage -
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