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<br /> THE MORTGAGOR FURTHER tbL'ENANTS ANL AGREES: -~
<br /> That the Mertgagor will gay the indebtedness as bee ~ ed. - - -
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<br />That the Mortgagor is the owner of said property _in fee simple arnl has grad nght and lawful authority to sell attd
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<br />cronvey the same and that the same is free and clear of any Tien or encvrrrlir~tree:-and than Mortgagor will"warrant and defend the .
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<br /> titie to said preiises against the claims of all persons whomsoever. - - -"
<br /> To pay immediately when-due and- payable all genera} faxes,: special; taxes. special assessments, water -barges, sewer-sere- -
<br /> ice charges; and other taxes and charges against said property, and ai}- taxes-.levied on the debt secured hereby
<br />and to furnish fhe~- -
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<br />Mortgagee,-upon"-request, with the ariginal-or duplicate receipts-.therefor.-'The Mortgagor agrees that there shall be-added to-- --
<br /> each monthly payment required hereunder ar under the evidence of debt secured hereby an amount estimated by the Mortgages-"
<br /> to be su6tcient to enable the Mortgagee to pay, as they become due, all taxes. assessments, and similar charges upon the prem-
<br /> ises aubjer.£ thereto; any deficiency. because of the insufficiency of sac}: additional payments shall he forthwith -deposited
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<br />Mortgagor with-ttir hortgagee upon demand by the Mortgagee Any default under this paragraph sha}i `he; deemed a~default'in - ,- -_
<br /> payment bf-taxes, assessments, nr similar char es r - - '--- -- -- - - ~----- -
<br />g equi red hereunder. -- -
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<br /> The Mortgagor agrees that there shall also 6e added to each monthly payment of principal and-interes€"-iequired here-
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<br />'r under an amount estimated by the Mortgagee to be stdficient to enable the Mortgagee to pay, as it 'becomes due, the insurance
<br />t premium an any insurance policy delivered to the Mortgagee. Any deficiency because of the insufficiency of such additionaF pay
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<br />~ menu shall be, farthwifh deposited by the Mortgagor with the Mortgagee u{x>n demand by the MortKSgee. Any- default under this
<br /> pazagraph shall be deemed a default in the payment of lose ranee premmms. I( the policy ur policies depasited are such as trome-
<br /> bwners or all risk policies, and the aeposits are insufficient to pay the entire premmin, the Mortgagee mar apply the deposit to
<br /> pay premiums on risks required to be insured by this mortgage.
<br />~} Payments made by the Mortgagor under the aixwr paraKraphs may, at the option u[ the Mortgagee, be held-hy it and
<br /> commingled with other such fends or its own funds tar the payment of such items, and until sa applied, such payments are hereby
<br /> pledged as security for the unpaid balance of the mortgage indebtedness.
<br /> -To procure, detiver tu, and maintain fur the tx=nefit r,C the ..^.~fortgagee during the life 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
<br /> hazards, casualties, and rnntingencies as the Mortgagee may regtnre, in an amount equal to the indebtedness secured by this
<br /> Mortgage, and in companies acceptable to the Mortgagee, with loss payable clause in favor oC and in Corm acceptable to ! ^+• A1artga-
<br /> Kee. In the event any policy is not renewed un or ba(are ten days of its expi ratiors, the Mortgagee may procure insurance .:n the
<br /> improvements, pay the premium the•rnfor. and such sum shat: heroine immediately due and payable with interest at ehe rate set
<br /> forth in said note anti! paid and shall Ix• +ecured by this mortgage. Failure nn the part of the Mortgagor to furnish such renewals
<br /> as are herein requrr •sr iadure to pay anp sums advanced hereunder ,hall, at the option of the Mortgagee, runstitute a default
<br /> render the terms of this mortgage_ The delieery of such policies shall, in the event of default, co stitute an assignment of the un-
<br /> earned premium
<br /> Anv sums r ed be the Mortgagee Ly reason of !„ss ur damage m. ed against may be mkri nrri h}~ the 4lortgager
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<br /> sod applied reward ihr
<br />payment of the debt hereby secured, or. a[ the nptton
<br />of the Mortgagee, such sums either wholly or in
<br /> part may hr paid over m the ~iortgagar 6+ be used to repair such 6uihiings or to build new buildings in their place or for any
<br /> other purpose or abject satis(artory [a the Mortgagee wrthuut affecunK the lien on the mortgage for the full amount secured here-
<br /> by before such payment ever ux,k place.
<br /> Tu promptly repaq, restore , r rrbuilD any bwldrng. ~. mpe,vr•men L, r = o .+after •.n the ; - _.. s ++..ich t. < !.r-
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<br /> come damaged or destroyed, to keep said premises in grs=rl +-ondi4un and reparr and Gw=
<br />Erum any mectranids 8err nr other
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<br /> claim of lien nut expressly subordirtaterl to the lien hereof; nut to suffer r r permit env unlawful use of or env mnsance V= exist nn
<br /> said prof>erty nor to permit wsste on said premises, nor to du any other act whereby the property hereby conveyed shill become
<br /> less valuabir, nor to diminish or impair its value by any act or cmussion w act to .~om;dv with alt n~q uirrmrnts of !aw wrth r cprct
<br /> fa the mortgaged premises and the use thereof
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<br />'Shat should the premiers or any part then•of he taker[ o. .ian.:aged by r. non of ar._ puhLc ;ar provrmrra : uua=c r= urban
<br /> proa.erdtng, ur --- der the r>_ht o€ ,-r -- - •trt dr,m in. „r ,n anY othe« ,nanner ih.~ yi - _ •_,t+•... - !«. - t.=. ~
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<br /> awards, and any other payrnrnt ar reLef therctar, and shall k+e en utled, at rt_, „t , t.
<br />..a= ag[x~ar . mr, nay. ,
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<br /> own name any action ar prrxeeding, or to make any a;erryrttrmisr ur settlemrut in ;r,nnce8na w-ith such takinK or damages Ali such
<br /> cwnpensadun, awards, damagesc, right of action and proceeria err hrrehy~ a.~igned ro the Mortgagee. w,.o nw y. after dedurhng
<br /> therefrom all tts ezlu•nsrs, release ;mY moneys s arri by d ur apply the same on an}' urde•btednvw.. rJ iu•r-•bv 1'hv M~rt-
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<br /> gagor agreex Fa exeovte such further assignments
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<br />any eongre nssuan. awards, Damages, and rights nE .ref rn and purer«n!s :>.. the
<br /> Mortgagee may rxquire.
<br /> Thal iu ease of Cailure to {rrr(urm anY of the cuyenants herrrn. the Mortgsgor mss .h~ o , the Murtgagor3 t,.•hrdf every thing
<br /> ao rnvenanted; that the Mortgagee may also do any aM it may deem nrce•ssary n+ prat v~t the Len thereof: that tnr Mortgagor wilt
<br /> repay open demand nny moneys paid or disbursed by the 1-turtgag.u- (or env ,d rhv shore pu rp.nrs- ana :u+~h m,mr~+ t.,grth.•~ ..;th
<br /> interest thereon »t lire rate provrdrd in wed note .hall Ix•rome .~ t much uddrtronal nulrht<v pros, hercbs ..-+ure,i . nd quay ta~ m
<br /> eluded in eery decree fonrlosing this mortgage sod t+r paid out of the rents ur I,rrrxreds . C vela o[ .~a nl pa•:n uses it nut ntherw r.=•
<br /> paid; that it shat) not he ohligntary upon the Markgagee t? inquire into: the, ~^rlidity of srv !ien. rncumbrarrcrx, or claim :n ad-
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<br />vaneing moneys as abrrve aulhunzrd, but nothing herein eontainrd shall tra• ennsirurd as requiring the Mortgagee n, advan.<- soy ,r.,
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<br /> motleys for any such purlwse nor to du any act hereunder. and that Mortgagee shall not uuur ruts personal liabilih: Iwr•au.r of cur.- C^
<br /> thing it may da or omit [u du hereunder. ,
<br />In the event of t}tr> default by Mortgagor rn tlu+ lwymrnt =,C any mxtalLuant, as required !ry the [Jose ..>rcurs..i her.-l:y. ar ~,:_
<br />in the ttarformanee of lire ubligahun in this murtgattr ur in the note .~rcured thereby, the MurtgaKee shat) ba .mtdle=: t,• .h=r lace the
<br />debt secured hereby due and pay'ahie wrthuut nuhrr. and the Mar tgagre shall 6c unfilled at its option, wuhuut n.,ncr .~rtner by ~tsetl
<br />ar by a receiver !u M• appoinhtil by the court ihrrwrf. and wrthuut regent t<, the adeyua.y „f env ..nun= fur th.~ ^r:.fehf,•,L+r~« ~•
<br />curatf hrorebx« to antler spun and take ix~~sran .d Lhr mortgaged premises, and to collect and rea~.•tre the rents, rsstres and prorits
<br />tharuaf, attd apply dta _sairaz, .fees cerfx of raP+raHan and cotta=lion, utxrr, the iudrhia^tlnrrw..rruraal by this mortgag.•_ +md rears,
<br />issues and pwGis being hereby assi3ned to ihr Martgag.=e as Gather srruriiy fm the pa smrent of sR inDrktrvinr.+ ..ru nvl hwa•hY
<br />The hforlgagee »hall have the power to apWint any agent or agents it ores destce Eor the purpur „( repel rrng ,a ,i prenr-
<br />ises; renting the same. collecting the rents, revenues and imvme, acrd it may pay cut of raid invumr all ox{a•nsr~ uu~urrr.l m renF-
<br />ing attd managing ttfe same a_nd of coliectirtg the rentals theref coin. 'Ctre halartcr rrntairrittg, tC ant. +h,tll he ap{>hrd tuwarJ the
<br />discharge of the maaigage ittdeh[ednss.¢- This a~ rignrnent is to tr•rtninstr and txcutar cod{ au<! cold nix;u rrlc-ic,.a .d s!us murtg.;g,-
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