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THE A1f)LiTCiAtidR FURTHER CAVENANTS AND AGREES: Y
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<br />That the AEet€p8er wiH -pay the irtdebledness r hersinbefoze proved ~, ~~1J ~ ~~ ~ ~ sue., t7-~
<br />That the Mortgagor-is-tl~ t)wtrer of said property in fee simt>M and has good right and lawful assthontr to-zdl and . _.
<br />convey the saefe asNi-t}sat the aAme u.(tpt:! gttd bear of "soy (ua or eaatmttrence: and lksa! -Mortgagor will wazrant and~~efend the '
<br />dtge to said pretniaes againsF,f6e rialtos of elf pupas wflgrJbapver
<br />Tn Pay iatmediattly when. due asd--payable aqi- gerterat tafreg. speciaq -tezes, special assessments, water charges: sewer serv•
<br />itx= charges, seat other. Laxea seed charges against said property; and all takes levied on the deb[ secured hereby, and to !urnish t)te
<br />Mortgagee, upna ,request, with the anginal or duplicate receipts therefor- Tfse M1gortgagor agrees that there .shall be-added to-~
<br />eacl: manlhly payrnenf-required hereunder ar under the evidence of debt secured hereby an ama¢nf estimated by the Mortgagee
<br />to Ire suffJdesig tb'' eaafjle ffse"Mortgagee: to pay, as they become due.- all taxes, assessments. and similar charges upon fhe_ preen-
<br />lees siibja-2 Lherefo; arty deffrrncy because of the insufficiency of suet: additional payments shall' he foAhweth depositet by the- -
<br />Mortgagor, wsth the Mortgagee upon demand by the Mortgagee. Any <iefautt under t!sis. pa ragraph shaft }re deemed a default in
<br />' ~~paymeat of fazes; assessments, nr similar charges required hernunder- - ~ -
<br />The Mortgagor agrees that there shall also be added -to each monthly payment of -principal and interest required here-
<br />under an amount estimated 6y the Mortgagee Gr F>e sufficient to enable the Mortgagee to pay, as it becomes due, the insurance
<br />premium nn any insurance policy delivered Lo the Mortgagee. Any deficiency hrrause of the insufficiency of such additional pay-
<br />ments shall be fnrthwiLfi deposited by the Mortgagor with the Mortgagee upon demand by the Mortgagee. Any defauU under this
<br />paragraph shall be deemed a default in the payment of insurance premiums, 7f the policy or policies deposited are such as imme-
<br />nwtsers or all nsk pr>hcies, and the deposit are insufficient to pay the entire premium, the ':~gortgaRee mar apply the deposit *.r
<br />PaY Rrernsvrsss on risks required Yo tee insured 6y this mortgage. r
<br />Paymenfs made by the '.Mortgagor under the above paragraphs may. at fhe option of the Mortgagce, be held-by it and
<br />commingled with other such funds nr its own funds for the payme;d of such items. and uatit so apoJird, such Payment=- are i:ereirv
<br />Pledged as securify-for-the unpaid balance of the mortgage"indebtedness- - - -
<br />To prxure, deliver to, and maintain for the benefit of the Mortgagee during the Ilte of this mortgage original policies and
<br />rersewaEs thereof. delivered at least ten days before the ez pira[inn of a sur•h ;wiicie=, insuring against fire and other insurable
<br />hazards, casuaiti~, and contingencies as the Mortgagee may require, itn nn amount equal to tF.r indebtedness secured by this
<br />Mort-gage, and in rnmoanL=s acceptable to the ito; tgager. with t.,.s pavab;e clause in fa-:or r,f and in form accepiahie to the Mortga-
<br />gee. In the event any prticy rs net renewed r r before ten daps ut its exfn ranun. she Mortgagee may procure insurance on the
<br />rmprnvrnsent, pay the premium therefor. and uch sum shall tree-Dose immedsatrl. due and payable with interest ai the rate set
<br />fort}: in said note until paid -and sha31 be secured by this mortgage- Failures oa fhe tart nF the Mortgagor tc furnish such renewals
<br />as are herein required or failure to pay any sums advanced hereunder .hall, a: the option of the Mortgagee. c nstitute a default
<br />under the term of this mortgage. The deli-er: cf sue6 policie.. shall. in the FFent rf default. constitute an assignment of the un-
<br />earned premium.
<br />Any sums recce+ed by the Mc;agagee by reaxrn of loss r:r rixmagr ins red against may he :eiained by the Mortgagee
<br />and applied toward the payment of the debt hereby secured, nr. at the option of the Mortgagee, such sums Tither wholly o n
<br />part may be paid over to the Mortgagor to ire used to repair such buildings ,., buiid'ne-w buildings i their Place or for any
<br />other purpose or object satisfactory ur the Mortgag .without affecting the lien on the mortgage far the Eull amount ecru reel here-
<br />by trefore such payment ever fork place. -
<br />To pr~n:ptly repair, restore v rctwild any huadirgs n mpttwemrnts n ~,r hereafter on the- preen see which may br-
<br />eome damaged or destroyrri: to keep said premises in good condition and repair and tree from any mechanic's lien or other lien or
<br />claim aF lien not expressly subordinated to the lien herec(: nut to suffer ~ r permit any ualawfuE use of or any nuisance to exist an
<br />saEd praperfy nor to i ;-mit waste o said per -, r, r o any other act whe relic the- Property hereby conveyed shall F crome
<br />less valuable oar to diminisfs or impair its value h~ary aMs or omicsirn to act. to c„mpiy witb all requirements nF law with rrsPert
<br />to the mortgaged przmises and the use thereof.
<br />Ttwt should the prenxiE;-s ~ any ;=art [beer,,; En; taken ..r damages hv- rra.:rn of ao. public imp nwrment ur .undemnation
<br />grx°e~ing, or under i-he reg}xt of emir'¢t riamaen. :;r is a-,y other manner, thy 3lortgagre shall be entetted io all comF>E'nsations,
<br />awards, and any other payarrnt or retie( therefor. anti sl=.all tee entitled, at its option, to commence, appear in and prosecute in its
<br />awn name assy action ur prcereding, ur to make any compromise or settlcmen[ in connection with such taking or rJamage_ All such
<br />coas[aerssation, awards. darnaKes, right of action and proceeds are hereby assigned to the Mortgagee, who may, after deducting
<br />thesrlxom al! its expenses, release any moneys so received by ii ar apply the same un any inrleb[edness secured hereby. The Mort-
<br />gagor agrees to execute such .further assignment nF any compensation, awards, damages, and rights nt ectian and proceeds a, the
<br />Mortgagee may requice.
<br />That in case aE failure to perform any n£ the cnvena¢h }sereic, the Mortgagee may do un the Mortg»gor"s behalf everything
<br />so covenanted; that the Mortgagee may also do any act it mss' deem necw nary u+ protect the tiFn thereof; that the Mortgagor wilt
<br />repay aeon demand any moneys paid or distasrsed by the Mortgagee fnr any of the agave purposes, and such moneys togetFier with
<br />iater~t thereon at the rate provided' in said note shall become so much additional indebtedness hereby secured and may tee in-
<br />c!-,lded is say decree fore=elasing this mortgage and tee paid out of the rent_ti~ or prrreeeds ut sale of said premises if not otherwise
<br />paid; that it shell rat 6r abligaWry upon the MoztgaKee to inquire into the validity of any lien, encumbrances, r. claim in ad-
<br />vaaseng morteys as-about authorized, but nothing herein contained shall be construed as requiring tF.e Mortgagee te. advance any
<br />ttao~ya-for any such-ptu{'sma ntu to d® any act hereunder; and that Mor#gagee shall not incur any personal iiabitity because of any-
<br />tiseng it Fray t1o or omit to do hereunder.
<br />In the event of the default by Mortgagor in the payment of any installment, as required by the Note secured hereby, or
<br />in ibe per[crmance of the obligation in this rm>rtgage ar in. the note secured thereby, the Mortgagee shall be entitled to declare the
<br />debt aecutrrd .hereby due and payable without.nolicc, arc! the Mortgagee =hall 6e entitled at its nptinr., without notire, either 6y iteEf
<br />nr Icy a PlCejv~t to be eppuinttd by the court thereof, and without regard to the adequacy of say security for the imlehtednrss se-
<br />rarad lre>rEShy, to enter upon and take piss:,r;'sensi of lhemortgagrd prernesea, and- fu collect and receive the rents, issues »nd profits
<br />fleereaf; and-apply tlse same, .less casts v( operation and collection, upon ttrn indebtedness secured by this mortgage; said rents;
<br />rastr«s"ata'1 profits freing hereby assggnell to the Mortgagor-~a further security jot Ehe payment of all indehtedrress secured heroby.
<br />The Mortgagee shell have the power w appoint any agent ar agents it may desire for the purpose oC repairing said prem-
<br />ises; reslLing the saP[e; cp1lectsng the rents,_revenues and income, sect it may pay out nt said income all expeasrx.incurred in rent-.-
<br />ing and managinx the same and of _collecfrac the rentals theraf ma.~ The ksta.i.....e...e:,,:.... :r s,,., as,,.n s,., .,_.,r::.-s ._--__~ .~ ... -..
<br />`~dtat df -the rborlaage iudebts:dnexs. This assignment ss to te.rmenaie and became null and void upon release ut this mnrtgng;,_ -
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