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<br />TKE MORTGAGOR FURTHER COVENANTS APrD AUFEES:
<br />That the Mortgagnr will pay the indebtedness as hereinbrfnre prq{~cj{~~. ~`~ - - - ~ - -~ -
<br />
<br />Thsi the..Mortgagor is the -ovmer of said. property in fee simple and has good. right and lawful authority frs sell and-~
<br />convey the s>#tire and tftat the aame.ia flee and i•}ear of any lien or encumbrtutcv; and- that-Mortgagdr will warrant and defend the
<br />title to said premises- against tfre -claims of all persons whomsoever. ~-
<br />To pay immediately when due and payable alt general taxes, special fazes, special assessments, water charges, ,ewer sere--
<br />iee charges. and other Utxes and charges against said property- and all taxes levied on tF.e debt secured hereby, and to furnish the
<br />Morfgagee,upon-.request, with the .original-or duRttcate receipts therefor.-The Mortgagor.agrees that there shat' be added tq
<br />each monthly payrrwnf required hereunder or under the rvidenee of debt secured hereby an,amnunt estimated by the Mortgagee
<br />to he sufltcient to enable the- Mortgagee to pay, as they become due, all taxes, assessments, and similar cha.-gvs upon !hp prem-
<br />~ises srtbject. thereto _ any deficiency because of the utsuflt iency of such additional payments Shall he forth tth depns[ted by .the _
<br />-Mortgagor with the Mortgagee upon demand by [h Mortgagee Any default unrier this paragraph shad be deemed a.thfa.rit-in
<br />payment of faxes asset menty nr y,mdar charge q d hrreunrier. - - - ~- -~
<br />'The Mortgagor agrees that there shall also be added to each monthly Payment of pnnct pal and teterest required hare-
<br />~'vnder an amount estimated by the Mortgagee to Fee stdF.cient to enable the Mortgagee to pay, as it becomes due. the insurance
<br />- premium nn any insurance policy delivered to the Mortgagor. Any deflcirncy because of the insufficiency of such additional pay-
<br />.~ moots shalt be forthwith depasitrd by the Mortgagnr with the Mortgagee upon riemand by rhr Mortgagee. AaY default under this
<br />paragraph shall he deemed a default m the payment of inwrance pmmmms. [f the pufiry or policies deRosited are such as homr-
<br />~~.~..sax
<br />>".J owners or all risk polieies, and fhe deposits are insufficient fo pap then rntin- premium, the 7vfortgagre may apply the drtwsit fn
<br />pay premiums on risks requirw? to be insured by ibis mortgage
<br />Payments made by the Murtgagur under the at;ove paragraphs may, at the upturn of lhr Mortgagee, im held by it and
<br />Commingled with other such funds nr its •,w•n funds fur the payment of such item-:. and Until vu applied, Such pa}•mrats are herei:y
<br />plods-ed a-v security far the unpairi balance of t.hr mortgage irdrbtedness_
<br />To procure, deliver [u, and maintain for the benefit of the Mortgagee during the Iifr r.f thrs mortgage original p~hcies and
<br />renewals thereof, delivered at l:~sst ten days before the expiration of any such policies, msunnK against fire and ott:rr nuurabfe
<br />hazards, ca,sualHrs, and mntirtgenciea as the Mortgagee may require, in an amount equal to the indebtedness secunxf by this
<br />Mortgage, and in oompanie, aemPtable to the Mnngagr••. with leis. pavahh• dausr in favor of and in form acceptaMr to she Mortga-
<br />gea. In the event a >oGcy rs r _ renewer! un ur befor.• t-_ dens of ets rxpiraLun- the it,•r[gagee may 1rnx:u re i se ,. ~ on the
<br />e S
<br />t
<br />prernium the-refer, and such shall han~-,mr :mmedmtely due and payable with interest at
<br />t rte rate set
<br />improvements, pay the
<br />rt
<br />f lies n:.=rtgnr;.- .ado ~m the part of [he Mortgago; to furnish such r w~sls
<br />forth in said note until paid and mall br• se•ru and i.v
<br />~
<br />as are herein required ur talum to pay a smnv sdram~.~d h•arvnder vhali. at tier option n[ the Mortgagee. convolute a
<br />irfault
<br />under the terrrvs of this mortgage. The dad i.,e n~ o(,ue-h pnhri.•, ~ieali ~n the .vent of default. rfmstrtute an acciKnmrn. „f the un
<br />ra coed premium.
<br />Any sr s nrcr•ived by the Mnngagrr by a.on of I, ~.~<„ damage m°vred against may he retainrrt by the Mortgagee
<br />and applied toward the pa:tnrnt of ;he dot=t h.•rebe .+urr„ . at the opium of the Mortgagee, such sums rit her whelk= or in
<br />part may ter, paid , r t~.« the A9 urtgagar fn tx• u.wi ro o=pine : hudelings nr to build new buildings m thole plan or for anp
<br />a
<br />other purpose ur object saos[actury h: the nturgave wrth.~u[
<br />1Tre•nng the lien nn the mortgage for fhe full amount soured here.
<br />by before such payment ever look place.
<br />"T,, pn mpti• mine _ ...t<,m =. r,.huii«! , n~ . uri~nn~. ... ,,,:E.r ~~~..: n.•n!. ; raw ~, .. <•uft,~, r,n th _., .. iuaii i. he
<br />~
<br />come damagwl + drvlnrv«vl~ to keep std inemi.r. ~. «..1 ,onde~n~n vuui ropy amt fns= from tochanirw h.'n •rt ~rthcr
<br />. er .r
<br />+
<br />~
<br />r.~,i_ :r.,[ ,.. _.utT«-r „r n.•rmit ..nr !mlaw~iul
<br />axo ~~[ ~.r anl~ emtancr re r~xtsr ~,n
<br />claim of Brae nut eapm,~v sutxrrdinaxd to tits- Inert h.•
<br />said P~Prrty nrr to nrrm:e waste r. snai .. nor f ~, xnv -.,thee :,.t .. he.ei:- ,he.• property h«r by <rr _ r .huh .w e'•.m..
<br />~Y
<br />~f Inw~ with a•vpra.
<br />leas vslusbkr- nor to +hm:r,ish or impair :tk valor by :a acd ,., ,m.~.i+,r; u, act. io coin pi: with :+!! myuimrnrntrc
<br />to the n;artgagcu prs•.mi~s and tF:e a~ ..e:•rsv;f.
<br />Thai should Ehr pn - ,r snv par t~.a o~.,f lx oaken :.c .iuiaagC•i i ...un ..l .,..: t,ui,oa ,.., a ..., ,,.n:irm nabarr
<br />r
<br />t
<br />r~
<br />~
<br />~
<br />r
<br />of ennnrnt dumavi, ~ i :uw other manor-r. the
<br />\L rt9Kat;re .haft !.. e
<br />tn
<br />ntit
<br />i«d
<br />all ce~nyrr nsatnms.
<br />proceeding. ~ r under the righ[
<br />~
<br />! .h:dl r•. , nt~r L~~L :,t :ts ~q~r.,.n t~, ~„ . itu apps-. ,n -+„ , ,..,auto
<br />wards. end : r-y other pa. ant ~~ n.h.-f tlvmf.,r .u
<br />•
<br />own name any action ur pnx~eedinK, + r to make any compromise or srttlertu•n1 m connrcnun with such takutg ur
<br />darnage. All such
<br />H
<br />of action xnd finrceexis a r hereby assigned ro ihr Mortgagee. who may, after deducting
<br />compensation, awards, danteger, right
<br />therefrom all it_s rxi>errsra. reteasr! any nwneys v , red by rt or :reply the yarn+• .. ,ndchtednrvs ~ •i bombe 'T'h«~ Mort-
<br />gagor ngreee to exec^ate such further axsignmrnfs of any corn Peresnhun, awards, damages- and nghfs of uciion and pnu-reds av fhe
<br />Mortgagee may requirr-
<br />'I•hat iu cane nt lailunr cu perform any of tlo• nneuunt.. h«~rein. the Mortgagee rnaY do •m th.- Mr~rtgag..t'. I,chall ovrr> rLutK
<br />:a cvvennnted; thflt the Mortgagee may also do any net it may deem reersmry n, protect the lien ther,w.i, that the- Men tgage.r =viii
<br />e
<br />repay upon drmencl any mone.s paid ur di>hursr•d by the Mortgage«
<br />For any of the above PtrrP«!'x'+~ amt .uch manerys together with
<br />inlereat tbXreon ut lhr rate prnvide•1 m ..aui nolo shall twrome :-,~ muoh addtounal mdehte<f na. ~s hcr.b, ... urv-.I and ar,xy M- in-
<br />• { ;~
<br />send prenu+rs if not ,ahcrw t.o
<br />el4ded in any decree tcrrechmutg this nuulgagr mid tw paid out of the rents nr pracerds of ..ale ,d
<br />~
<br />paid; that it shall nut be obligatory upon the Mnrtgagty 4t mqu+r.• into the validity of nny hen, r cumhrarce= o rlairn in ad r
<br />vnneinK moneys as above aulhorixe.•d, but nuthmx hrn•tn contained abet! Iw construed as rrquirinK the Mortgagee to advance any ~_
<br />engneya for any such par{xtsu nos te. eiu any act hrreu odor; suet that Murtgugtw shaft nut incur any ft«rsunal liat.ttity t»~<•auvr of any-
<br />thing it may do err umrt to du hareurxier.
<br />In the Svro1. ad the elnfault by MurtKagae~ rn the payment of any rnstallment, us ra~uiravt by the Nutr .ecu aed ho reby, a~ ~ e
<br />in ilia performance r,f the ubiiaatinn ifl this mor*.gagr yr is flee etuir s.x°urtti thereby, the M1fgrtgagee shah fir -ottiicrti t.; <ir.:iarr rite
<br />debt xec'uretf here6y~ der and payale:e v<i thuut notice, and the '+igrtgagrr shelf hr entitfer! of its option- wit h~,ut au,ticr, etfher Fz}' ifaetki
<br />or by a reterwer to l>r appoinfixl by rhr court eherc«f. and without regarci La rhr ade~vary nt snv °;ec•urits (or th~~ indrhtr-dn.«. a
<br />curKd hereby, G, enter apses .uu! take p~ <+r~•n of [lie r rrtxr+Ked Pn:mrren, anu to a-ulitrt end n. rhr• nut., i._,ure tmd pn.titi
<br />+
<br />hy ttus mortgngr~, want ernes.
<br />ihareut. arrci apply the sartte. .l •ys rests o[ ufa<~ration nqd t~rtlectir: n, uix,n the indebh•dnet-vv secured
<br />fasue4 and prgfifa bring hereby assigned to rhr Mortgagee as further u•curity (or the pay nx•nt of all imirhicdnrsx seran.i hereby.
<br />Tfrr Mortgagee shall have the {tgwer fo aplxttnt arry agent or agents it may drvi rr fur rhr pure<u,e of r.•put ring vud !•r. nt~
<br />ses; rehtfng fhe same: cgttecting rhr rents, revrnues and in and rt may pay out e( card income :dt expe=nses mcurrrrt m natt-
<br />ing and managing Lhr same and ut rnilrcting ihr rent:ds th«•wd non '!'he balance n•mauu nq, d anF, shall ho apphrd towarJ rhr
<br />discharge V! tF~ mortgage indebtednerat. This a-v-ignmrnt is to 6=rmutat«- and M•cumr null and •o~d ,qx•o r.-leu.r J tlns mrotgaK~.
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