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THE MO&TGAGGR-BUR`TFiEA COVENANTS-AND AGREES.:-
<br />That [Ile Mortgagor wife ,pay.the irtdebtedrcesa. as>hereinhefore-provided;
<br />That the Mortgagor-ia fire owner of said property in tee-simple and has good right and lawful authority to-~sell and -
<br />convey the same and that the same is free and clear of any lien or enettmtiranrr; and that Mortgagor witl warrant and defend the - - , .
<br />I- YLHe m said premises agaiirst the claims o€ atI persons whoarsoever. -. - - .~ -
<br />To pay~iioinediately when diie aad payable all generaC~taxes, special fazes, special assessments, water charger; sews serv- `" --- ~~
<br />ice charges, and other taxes and charges against-said property, and alt taxes levied on the debt secured hereby, and to furnish the
<br />Mortgagee, upon request, .with the original or duplicate n^ceipts therefor. The Mortgagor agrees that there shall be added to
<br />each monthly payment required hereunder or under the evidence of debt secured hereby an amount estimated by the Mortgagee
<br />to 6e sufficient-tu~enabtethe Motgagee- to pay, as they become due, all taxes, assessments, and similar charges uponthe prmxr--
<br />ises subject thereto; any deficiency because of the insufficiency of such addit[onai payments shall he forthwith deposited try the-- - -
<br />~ Mortgagor wifh~ the Mortgagee upon demand by the Mortgagee. Any default under this paragraph shall ~he deemed a default in
<br />payment of taxes, assessments, nr similar charges required hereunder.
<br />The Mortgagor agrees that there shat) also he added to each monthly payment of principal and interest required here-
<br />under an amount estimated by the Mortgagee to be sufficient to enable the Mortgagee to pay, as it becomes due, the insurance
<br />~ premium nn anr+ insurance policy delivered to the Mortgagee Any deficiency because of the inau(Rciency,uf such additional. pay-
<br />Q meets shall be forthwith deposited by 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 suck as home-
<br />' owners oe-ail risk policies, and the deposits are insufficierrt to, pay the entire premium, the Mortgagee may apply the deposit.to ~..
<br />-pay premiums on risks required to 1±e insured by this mortgage. -: - ~. -
<br />Payments made by the Mortgagor under the abos•c paragraphs may, at the opiicn of the Mortgagee, t«r held by it sort
<br />commingled with other such funds or its own Cunds for the payment of such items, and until so applied, such Payments are hereby
<br />pledged as security for [he unpaid balance of the mortgage indebtedness.
<br />To procure, deliver to, and maintain for the benefit of the Mortgagee during the life n( this mortgage original pnlicirs and
<br />renewals thereof, delivered at bast ten days tretore the expiration u( any such policies. insuring against fire and other insurable
<br />hazards, casualties, and contingencies as the Mortgagee may require, in an amount equal to the indebtedness secured by this
<br />-Mortgage, and in companies acceptable to the :ltortgagre, with lose- paynblrr clause in favor n( and in form acceptable to the Mortga-
<br />gee. In the event any policy is not re wed o or Mefore ten. clays of Vts expiration, the Mortgagee may procure insurance on the
<br />improvements, pay flee premium therefor. and s+ch sum -,halt become i. mediately due and payable with interest. at the rare set
<br />forth in said note until paid and shall Cm ,ecurrd by this mortgage. Failure on the Part of thu Mortgagor to furnish such renewals
<br />as are herein required ur failure to pay any sums advanced hereunder :bath at the option n( the Mortgagee, r nstitutr a rlrfauli
<br />under the terms o[ this mortgage_ The delicacy oC such policies shall- in the event of default, mnstrt rrtr an alignment of the un
<br />earned premium.
<br />Any s veJ by the Mortgagee 6y r .nn ,C loss or damage in red against may M retained by the Mortgagee
<br />and applied toward rthe+ payment of the debt hereby aw+ red, n :+t the optmnsof the btortgegee. such sums «dther wholly or in
<br />part rosy be paid o er to the Mortgagor k+ he used to rep=ir such 6uddings nr m build' new buldmgs in their plane or for any
<br />other purpose o abject satisfactory to the Mortgagee .vit bout aRerting the tiro on the mortgage for ihr toll amount sera red here-
<br />by Mrfure such payment ever Gmk place.
<br />To promptly repair, restore a rebuild any puddings o unpn;+rmrnts n ~~r hereafter on the premises which may he~
<br />e darnaged or destroyed: m keep said prenuaes in good nmdition end repair and free from any mechanic's hen o other lien or
<br />claim of lien not expressly -subordinated !n the lien hrreoF: nor to auger ,v permit any unlawful use of n _ nuisance to ezisi nn
<br />said property nor to permit waste on said premises, nor to rto any other art whereby the property herehyrre, veyed shall become
<br />less valuable, nor fa diminish a imsair its value by v - r- .~. en:i=siren he act, te. ,«.mpl;- with all req•a~rernrn ~++ot law Witt: respect
<br />to the mortgaged premises endrthr owe thereof.
<br />That should the premises or am~ part thereof be taken ..r damege•rI by r«ason of any public improvement nr rondemnuaon
<br />proceeding, or under the right u[ eminent domain, or in any other manner. the Mortgagee shall be rntdle~i ue alt c ~mpr aauuns,
<br />awards, and any other payment or retie( therefor, and shall ere entitled, at its option, to commence, appear in and prosecute in its
<br />own name any action ur proceeding, or to make any compromise or settlement in connection with such taking ur damege.:'111 Hoch
<br />compensation, awards, damages, right o[ action and proceeds are hereby assigned to the Mortgagee, who may, after deducting
<br />therefrom all its experues, release any moneys so received by iL ur apply the same un any indebtedness secured hereby 'the Mart
<br />gegor agrees to execute such further assignment of any compertsebon, awards, damages, and rights of action and proceeds as the -
<br />Mortgagee may require. -
<br />That in case of failure to perform any of the covenants herein, the Mortgagee may do un the Mortgagor's behalf everything
<br />xo covenanted; that the Mortgagee may also do any act it may deem ncv_•essary hi protect the lien thenvr6 that fhr Mortgagor will
<br />repay upon demand any moneys paid or disbursed by the Mortgagee Inc any of the above purposes. and suurh roaneys tngolher with
<br />interest thereon et the rate provided in said note shell become so much additional indeMednesa hereby ser•urerl and may be im
<br />eluded in soy decree foreclosing this mortgage and he paid out of the r •nt-s or prucrorlx of .,ale of said prrrnises if not otherwise
<br />paid; that it shall not 6e obligatory upon the Mortgagee to inquire into the validity of any lien, encumhrancra..- claim in nd-
<br />vancinR moneys u above authorized, but nothing herein nmtainr<1 shall be ,:unstrued ax requiring fhr Mertgegre to advance any
<br />moneys-for any such purpose nor to do any act hereunder; and that Mortgagee shall not incur any personal 6nMGty because of any- '
<br />thitt( it may do or omit to do hereunder
<br />In the event of the default by Mortgagor in the payment of any inatallmenl. as required by the Nufe ,t.ured hereby, o
<br />-in the fredormanue of the obligation is this mortgage or in the Hate sacurrd thereby, the Murtgagt•r~ shat! 6.- e ...;ed to drr;an-~ th.
<br />debt secured hereby due and payable wtthuut notice, and the Mortgagee Shall be entitled at its option. without notce, either by itwell
<br />or by a. teceiVer to'be appvinled 6y the court thereof, and without regard le the adequacy of any security for the indebtedness
<br />cured hereby, fo abler upon sled take poskess'ion of the-mortgaged premises, and to collect and receive fhr rents. insure and profits
<br />tlieteof~ end apply fjtie acme; .less cenbt of operation and rnllection, upon the indebter(nesn !rru red by thin mortgage; said ntn.
<br />iacwea and pre5ta being hereby assigned to [he Mortgagee as further security for the payment ut all indeberdn.•ss s,~ and herrM•
<br />The Mortgagee shelf have the Wwer to appoint any agent or agents it may desire for the purpose of repairing said Prem-
<br />ises; renting the sarrre; enllecting the rents, revenues and income, and it may pay out of said income all rxpenw•s innrrred +n rrnt-
<br />ing and managing eke same and of collecting the rentals therefrom. The balance remaining, i( any, shall M• applied toward the
<br />discharge of the mortgage indebtedness. This assignment is to terminate and become null and void upon release u[ This mortgage.
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