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THE MORTGAGO$ FCTRT$E$. COVENANTS AND AGREES: "
<br />That-tire Mortgagor wilt pay the indebtedne-ca.as-heretnhef re;piovtded-..... - -
<br />That. the Mfottgagor is 'the-owner of said property in fee simple. and has good right and lawful authority to sell amt _ '
<br />r mnvey the seine ehd'thar ;the same is fn°r and clear o[ any lien or encumbrance: and that Mortgagor wilC warrant grid defend the -
<br />title to said Premises-against the claims of ail-petaom whomsoever. - ~ - ~ - - -~ -- -
<br />- To pay immediately`wlien due and peyaUie ell genettit~ta%es,_speciaf taxes, special assessments, water charges, sewer seiv- ' -
<br />ire charges, and other taxes'and charges against said property, and all taxes levied on the debt s¢cured hereby, and-to Curniah the -
<br />- Mortgagee, upon request with 'the. original ~oi~duplieate •receipts~ therefor. The Mortgagor agrees that haze shall. besadded tot--.-
<br />each monthly payment required hereunder or under the evidence of debt secured hereby an amount estimated by the Mortgagee
<br />to be sufficieiittb:`enable the Mortgagee-'to pay, as they becr>me due. all fazes, assessments, and similar charges r•.pon.tha prem•, '"
<br />lees subject thereto; any deRcienry becmi~., o[ the insufficiency o[ such additional payments shalt be forthwith depasit¢d' by the -
<br />' ~ Mortgagor with the Mortgagee upor demand by the Mortgagee.. Any default under this Paragraph shall~iw Beamed a default in
<br />CQ payment-of~taxes, assessments, r• similar charges required hereunder. -
<br />~ The.Mortgagor. agrees that there shall also be added tn.eaeh monthly payment of principal and interest required-here-,
<br />under an amount rstimatrd by 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 M•cnuse n( the insufficiency, of such additional Pay-
<br />mentx shall be forthwith deptwit¢d by the Mortgagor with the MnrtRegee upon +imand by the Mortgagee. Any default under this
<br />paragraph shall be deemed x default in the payment of insuranc¢ Premiums. If the policy or Policies rlepoaited are such a9 home
<br />owners or all risk {mliciea, and the JepnsiL err insufficient tq Hay the rntim premium, the Mortgagee may apply the deposit to
<br />pay premiums nn risks required to t,e insur+vl by this mortgage.
<br />i'aymenis rtwde by the Mortgagor under the aiaovr paragraphs may. at the option of the Mortgagee, beheld-by it and
<br />commingled with other such (ands nr iG~ own funds tar the payment of such items, and until so applied; such payments are hereby
<br />pledged as security Cor the unpaid belanre. of the mortgage indebtedness.
<br />Trr pmcum, deliver tn, earl rnaintarn for the imnrfit u( thc• Mortgaga~e during the life nC this mortgage original policies and
<br />renewals thereof, delivrrasl at least ten <3ays Mdme the expiration of :ray such policies, insuring against fire xnd other insu raMe
<br />hazards, casualties, and contingencies as the Mortgagee may require, in an amount equal to the indebtedness secured by Phis
<br />'Mortgage, and in companies acmptable to the Mortgagee, with loss lrayaMd clause in favor oC and in form acceptable to the ltnrtga- '
<br />gee. In the event any policy i not rene,vexl or fm(o re ten days of itx rxpirat.icn, the Mortgagee may procure insurance on th¢
<br />imprrwements, pay lhe• premium therefor, soil such sum shall become inunediatc•, )' duo and Payable with interest at the rate set
<br />forth in said note until paid and shall be srcun•rl by thts tnertgagu_ Failure nn the part of the Mortgagor to 6unish such renewals
<br />ar are harem n>quinxi ur (aihue In pay a +u ms erdvanard h••reundar shall. nt the option of the Mortgagoo, r nstitutr a drieult
<br />under the terms of this mortgage"'Cho de6~rry ,d such policies shall, m the runt a[ Jrfault. rnnshtute an assignment .,( the um
<br />earned premium.
<br />Any s •ived by the Mortgagee bg r o „( loss damage i rd against may Ix+ u•txined by the Mortgagor
<br />xnd applied coward rthe Payment of the debt herehvasrm, red, r at thv nptum,af the Mnn Kagre, such yams either wholly nr m
<br />part may ix• paid ~ r to the Mortgagor to he aged m reps ,ueh hull logs .r to build"new buildings it Ihrir place or far any
<br />other purpose nr nhjn•t _wustactnry to the MurtRagee without aflrrti ng rho bon .,n the mortgage (r>r the fait am„u rt •+•rurrd bnrr-
<br />hy before such payment ever hwk place.
<br />'To prrxnPtly repair, %store a=r rebuild any hwtdings err tmprna-+=mrnt:+ n - „r hrrral lrr on the premurs whrrh m v hn-
<br />comr darnaRed or deatruYC+l; to keep said ltrrmmes m ga,d t~,ndiuun and repine nml fn•r from any m,•a•hnnu's lam or other hen ur
<br />rtai- of hen riot orprrsai:• suixrdinaivei to for i -n beer„f. o,~r ir..,ufirr <,r Is,rrmt whl us. r.f r _ m s e fn . rat nn
<br />sa+d protrrrtY nor m itertrat waste ,a said prrrnisrs, ra,r r., .La atu ~•th,=,r art..+-hereby the prolyrty hrzebynce .r E'vedr,,hal! .hen mr
<br />,n ,
<br />ices valuably our to dinririat m+,air it .a,ua he c r.v aaf r -i - „-n. 6r a t to r. o,p~. ..;th .dl rvn an rrmrutr nC brw with re•sprrt
<br />to the murtgagrd premisex and the use thereat.
<br />Tttat sv4oold she prrrr=isrs or any part .h._•.±•:?t is taken or .Isms#ed hs r. -~.n ..t a,r, rruhlrr amµrovrm.:nt ,,.:..r,ri~r:,nau.,n
<br />pro:-eMlind. ur under the nght of eminent domain. ur m ,toy other manner th Mangagve ~.+hall M• onutlyd to all a.mpensauortn,
<br />awards, and any other paymrnl ur rcfirf thrr+•fur, and shalt he rntilhvl, at its option, !n eommencw. apixtar in and prcwa+~ulr m its
<br />own name any aruun ur pnx~rerlinR. r.r to make any cumt+n,tntse or settlrmrut ut ronnecunn with sorb taking ..r damag•• Ali such
<br />tanpeaeation. trtaatds, duasa+•a, right of action sad prrw•reda are herrhY assigned to the Mortgagee. who may, +rftcr deducltna
<br />tlrarofmm elk its eaparraea celeaaa any moneys w rr><rtvad by it or apply lhr some on any indebtedness secured hereby Thr• Mort•
<br />gagor saran to wzecuta rush further aaaepnmrutr o[ any ceunix•nsahon, awards, damages, and rights uC artAUn anJ pnxwrdn ax the
<br />MortaaKee may regain!.
<br />'That m ease! of failure to preform any of tttr rrrvrnants by rein- tM• MOrt RrrRoC may +lo .m the Mortgagoi s hehaH rvrrvthing
<br />an t»venantad: that the Mortgagee may also do any art it may Berm n ~•swrry to pndect the Ern thrrr+rf; that Ihr MnrtRaanr wdl
<br />repay uprtn +lemsr~ any munryx Paid nr diburm•d hY the Mortgagoe !nr any of the shove Purtxees, ami xurh moneys wgethrr wtth
<br />interwi thereon st the rate pnrvidrd in said note xha11 Itscomr xo much addilonal indrlnvdnrxx hr eehY rr+•urr+1 and may M in•
<br />cluderl in any decree furrchwlnR this nturigagr slut tar l.atd .art. of d+v crate or pox'+uaix of sail of said Itrnmwra d mt! uthrrwiw
<br />paid; tMl it chaff oat br oWi;story open the Morgagov to uryutn• uun thr rahdity o[ any hon. rnaumhrames, or claim m arF
<br />vattotzyt mtatrya as ttbwa authanrad, but mtthing heroin ntntunsrl shalt lrr, amstruwf m rrquinng the Mortgagee to a+hama• :uty
<br />taanaya Irw any wrap purtraaa rri,r w ~ any set hrnuedet; and that Mortgagee shall nut incur any trrrtu,nal liability F r:xuw „{ any-
<br />thing it ttuq. do nC +anit hr do hereu>mar.
<br />In the even! ut thr default by Mortgagor to tho lwyntrnt of any mrtalimrnt. m rrquirxl by thv Nofr .rear+tii hereby ,a
<br />in the par{omtartrn of the +tb}iaatitm in this morigagn w to the twar rxeurert thereby, the btartgagar shall be .-nuHai to drelarr the
<br />+1=t_rt.aۥratrrd hrrrlg ittg' a?'it!_t?a?''abt? wtlhout n incr. asr~ the 61a.r~agea- -hall t .ntrtte l sit. +=pti*, with.=ut , ~ rth.:r h.:ts.if
<br />nr hX a n+txivez h! 6e aptnuntazl by ttrr court thrrrtJ, an+l wrth:wt regent to the adrrluacy ut any rerurity for tb,- ~nrirhtrrlnesr r•~
<br />cacao hateby+ to enter-upon and kake fxzirtraion nC the murtaagrd -Premiers, amt to .+oiir.~t and rariv.• Ihr r.~nls. ++surs and pr.,Rts
<br />theraa[, and apply the setae, .Ina crab ut reparation oral +nllrMir.n. up.n flee irrd•htrdmae srrueed by this mr,rtgaae; raid rexb,
<br />leas sad pmHfa hait>g-herekry atai#nrd M the MoNgagee ax furttuv seretrity far lha PaYmrnt .d all itulrbtrrlnrrr serura•tl hrrrhy
<br />Thr Mortgages shall have the power to appoint env agrttt nr aRvnts tt rosy rfrsirr• fur the purPraa+ nt rr{aairing raid pr.•m
<br />lees; rerrttng flee seine; SukketigY-the rxnb, revenue amt imamr. amt tl mrty 1>ay out of snrd tmvmw all rs{rrnrrr ~m-nrrett m rrnf-
<br />irtr and tnmtttgtrwr the aarrtr and of cniterting the cantata [F±rret rant The hntaner rrmainlnR. if ally, shall M• applied urward the
<br />dierharge ut the mortgage inde6tednrea, This siuigrtmrnt it tr+ ivrminat+• and hw•+airr~ null and vino ugrn rrietirr u( Ihir martgagx.
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