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<br />THE MORTGAGOR FUR2'AER COVENANTS AND AGREES:
<br />That the Mgrtgagor. will pay the indebfedtt®a as herelnfxforn `provided,
<br />That the Mortgagor isthe droner of said property in fee simple and has good right and lawful authority to self and'
<br />convey the same amt that the same is free and dear oC any lien or encumbrance: and that Mortgagor will warrant and defend the: ~- -
<br />title to said premises against-.the .claims-of ap persons whomsoever.
<br />To pay itrtmedfately when due and'payahle sll general taxes, spedal~tazes, special assessments. wafer charges,-sewer serv-~ -
<br />ice charges, and other fazes and charges against said property, and all fazes levied on the deb! secured hereby. and to furnish the
<br />Mortgagee, upon request, with the• original or duplicate receipts therefor. The Mortgagor agrees that there shat(. be added to' -.;
<br />each monthly payment required hereunder nr under the evidence of debt secured hereby a amount estimated by the Mortgagee
<br />to be sufficient to errafile the-Mortgagee to pay, as they became due, all Lazes, arse vments, and similar charges upon ~the•prnm+
<br />ices aubjeM thereto: any deficiency because of the insuthciency oI such additional payments shall he forthwith deposited by the- ._
<br />Mortgagor with the Mortgagee upon demand by the Mortgagee. Any default under this paragraph shat! be deemed a default in
<br />payment of fazes, assessments, m similar charges required hereunder - -
<br />The Mortgagor agrees that there shall also M added to each monthly payment of principal and interest required-here-
<br />under an amount estimated by the Mortgagee to 6e sufficient to enable the Mortgagee w pay, as it becomes due, the insurance -
<br />premium on any in urance policy delivered to the Mortgagee. Any deficiency because of the insufficiency of such additional pay-
<br />ments shall he forthwith deposited by the Mortgagor with the bortgagee upon demand by the Mortgagee. Any deEavltunder this
<br />paragraph shall be deemed a default in the Payment aE insurance premiums- ff the policy nr policies depe.=_~t.d are such ~ Itotr:e-
<br />owners ur all risk policies, and the deposits are insufficient ~to pay the entire premium, the Mortgagee m apply the deposit to
<br />pay premiums on risks required to he insured by this mortgage. ' -
<br />Payments made by the Mortgagor under the above paragwphs may, at.Che option of .the Mortgagee, tee held ~hy, it and
<br />core-rringted with other such funds nr its own funds Fnr thr• payment of such ita•ms, and until so applied, such payments Are hereby
<br />pledged as security for the unpai3 batanre of the mmigage indebtedness.
<br />To procure, deliver to, and n mtam for the benefit of the ltiortgagee during the life of this mortgage original policies and
<br />roots thereof, delivered at bast ten days before the aspiration u{ any such Irniicie.a, insuring against fire and other insurable
<br />hazards, casualties, and contingencies as the Mortgagee may reouire, in an amount aqua! to the indebtedness secured by this
<br />Mor~age, and in companies acceptable to the Mortgagee, with Ions Payable clause in (aver of and in form acceptable to the Mortga-
<br />gee. In the event any Policy is not re overt u or before tan days of its expiration, the Mortgagee may procure insurance nn the
<br />improvements, pay the Perineum therefoar, and such sure shall become irnmedrately due and payable wish interest at the rate set
<br />forth in said note until paid and shall hc- secun•d by this mortgage Failure on the part of the Mortgagor to (umish such renewals
<br />as are bream required ur failure to pay any sums advanced hereunder shall, at the option of the Mortgagee, constitute x default
<br />un<ier fhe teens of this mortgage. The drliverv +~[ such Pohcx•s shall. m the ca ant of default. constitute an assignment u[ the un
<br />earned prrmmm.
<br />any s rG~,-d by the ~fortgag,•c b~~ r our „t kss +: mage :n. urrd against may be ratainrd by the '4-Surtgaaoe
<br />xnd .applied toward rthr payment +.t th«• doM he n•:ry as«au cal. a art the option`uf the Mortgagee, such n rather wholly n
<br />part may hr yard n r to the Mungagor n. ix• used m r+•paa such holdings or to burld-new buildings inert heir place •.r fur a _
<br />other r,mrposr nr object .=atrsfactury to the Mortgagee without ar7ectinp the hen on the murl.gagr fur the ftdl amount seeu uri he e~
<br />by t,ehxr such payment ever tc.~k place.
<br />;':; promptly repair, canteen ..r rebutid any butt dcrig; ..r impru..•mrnr~ ~.r hen-ait•~r ,.n ilia I,rrrme.-a which
<br />- e danrageri or neat n+yeri, to keep card prnmrs<•.+ r x+d rundilror. ann n•pvi[ arnrl !re•a Iron any _mechantc'~ h_r-n a otherlhr nr'or
<br />cle+ of hen not rxpreasly .uburdmstrd to the ben hereof; + ut to _.utfer +, rm,t + nl,nwfJ ++-a of ur - ~ ...r. _ • tom, . _ a__
<br />said tproprrty nor m pe met waste o and pr .i s. r c r in do r other art +. hereby th.- pnga•rh~ 6erebyncu v«•vrdcshall ix•come
<br />less vaiuacle, nor to dmumsh or impair its valouniw am act or ornr_w,n m net- la rnmph with .rii n•yw n•rne ntsrr,.r !aw with respect
<br />to the mortgaged premrses and the ace thereof.
<br />That should the pr n.y Part thrreol Ix• taken .~r dd magavl by r- .,t a + pubhr r upn rut a wndrm nanon
<br />prxeedmg, nr under the righttruf eminent domero, or in any other manner. the Mortgagee steal) be ,~ntgl«~d rb, ell rrumpensatrnns,
<br />awards, and any other payment n reheC therefor. and shall he entitled, at its option, to n. me e. appear in and prraecute in i~
<br />own name any acton or proceeding, • r to make any rompronuso o sattlem«art u ~ cct~n with such taking or damage- :111 such -
<br />r;ompensetion, awards, damages, right of action and pane da are hereby assigned tutu he Mortgagee, who may, alter deducting
<br />therefrom a!l its ezpensen, release any moneys . nxervrd by it or apply the name on any indebtedness secured hereby. The MnrL -
<br />gagor agrees to earecute such further asaignmNn[n of any u+mpa•nsetiun, awards, damages, and rights of action and prncertls as ?he
<br />Mortgagee may require. -
<br />That in case of (educe to perform any of the vovenants herrvr, the Mortgagee may do on the Stnrtgagnr's behalf evrrvthing
<br />so covenanted; that the Mortgagee may also do any act it may deem r ., v to protect the hen Ihenarf: that the Mortgagor will
<br />repay upon demand any moneys paid or disbursed by the Mortgagee fur anry u( the shave purµwes, xnd such moneys tngetlier walh
<br />interest thereon at the rate Provided in said note shall twnrme s. uch additional uulrhh•dness hereby secured au.l may tw in
<br />doled in any decree foreuloning this mortgage and kra paid out of the rents or pr«•rerls of gala of raid premises if not othenvrsa
<br />paid; that it shall not tee obligator, upon the Mortgagee to mgwm into the validity of any hen. ,~ umbrancra. o alarm m ad-
<br />vsndng moneys as above authorized, but nothinK herein aontnined shall be construed as requirinK the Mortgagee to advance any
<br />moneys for alp such purpose nor to du any act hereunder; and that Mortgagee shall not incur any prrsunat liability haeausr of any-
<br />thing it may do or omit to do hereunder.
<br />In the event s( the default 1«y Mortgagor to the payment n[ a _ rnatxlimrnt ++ reyuued by rh.~ Note ,., - ed her+•hy,
<br />in the performance of the obligation in this modgagr n n the n r , red tiu•rrhy. the Alnrigagee .nail hr entiiirti ri r declare the
<br />debt secured hereby due and payable wnthoul notice, node the Mortgagee shall hr entitled at ds option, without nutiar Dither by risrlf
<br />or by a receiver to 6e apperinterl by the court thc+vt. sod without mgarct to the adexiuacy of arty security for the indebt vinervs er
<br />cured hereby, to enter epee and take Ixrs9es-sion oT the mortgaged premises, and to collect and r .• the r •nts, rs rs nil pndits
<br />thereof, and apply the same, less costa of operation and collection, ulxm the indebtecLtesx securedt by thie mortgage, ~rnid rents,
<br />isrsues and profile being hereby assigned to the Mortgagee as further security fur the payment of all indehtednes.. s•rurr.l herabv.
<br />The Mortgagee shall have [he power to apimint any agent or agents it may decor fur the purpose of repa+n ng .rood pr.•m~
<br />ices; renting the same; collecting the rents, revenues and i come, and it may pay out of card m r all expenses m rcl i rent-
<br />ing arui managing the same and of collecting the rentals rtherefrom. Thr balance remaining, if++any. shall ho appherl toward the
<br />dixhsrge of the mortgage indebtednesx. This assignment is to tcrmina4• and Iwcum+• null and void ufx,n rrlrsau• of this murtgag-~
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