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<br />T~ >laoxt+cwczow nsa ootwl:rra a<xn wc~: ~ (}(1'?22A
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<br />That.flte'ltsstfr6ftr wilt Pig the inttttittadgan as-AaFMfosfase P~a¢!ided. ._. -
<br />Tttat ltfe 7tlortgar;or is~'fh< aAeier of aaidpmperty in fee simple trod t,as Rood rigiat and lawful authority to sett and -.
<br />rnmey the atenw;aad t}nt,i~e~4>. wee=.~dMaot.xay_~nr}t#iatre: ant tF~t Mortgagor wilt warrant aryl detead tfie
<br />title to said-Prertii5ea agttisst the c+~e-s of-aIF'-~aaar'w~anOto~+a?-_.: - _ -
<br />Tv pary dla6sl9 whin Ehre ~'P=X~Ie ~ 6t~°. `Uzea: ;pee~al asrraant<nfa. water chargea. sewer serv-
<br />ice charges, and-afitec tex<a and charges against said properly. and a!I lazes levied on the debt ttectued herehY. and m;ursislrflte ,
<br />Mortgagee, upda ~~: with the original. or-drrplicare receipts therdot. 71,e klorfgegoi agrees that th<re shalt he ads(ed to
<br />each trtonthlq payrrtent mrlaired hereunder nr wtter the evidence r>f debt seemed hereby an amount estimatrd by the Mortgagee
<br />to be su6c,ei~ ~ etsaEle; #3rc to Par. as they becom< due. alt taxes, ateeserrnents, and similar charges open-the pe~n-
<br />i~[b aubjoct fheetu: aay deficiency because of the insufficiency of such additional payments shalt l,e tnrthwifh deposted try ih<
<br />Mortgagor with the Mortgagee upon demand by the Mortgages-Any default under this paragraph shalt lie deemed a defauk in
<br />payment if Lazes, assessments, m'similar charges required hem+under.
<br />The Mortgagor agro.s'ihat them shall also be added to each monthly payment u[ principal and interest required here-
<br />under an amavat estimated by the Mortgagee to Fx+ sufficient to enable the Mortgagee Lo pay, as it 6ecomrs due. tYt< imurarsce
<br />premium on any insurance policy delivered to the Mortgagee. Any deficiency Lecause of the insufficiency- of suede additional f>eY-
<br />ttrents shall be forthwith deposited by the Mi)rtgagar with the Sortgagee upon demand t;y the Mortgagee. Airy defauH under-this
<br />paragraph shall be deemed a default in the payment of insurance Rremiums. It the policy or policies' deprriated are such as ttaae-
<br />owne[3 or all risk policies, and the depnsi4' are i sufficient tr. pay the ant; rr premium. the Mortgagee may apply the deposit to
<br />pay premiums on risks required to be insured by this mortgage.
<br />Paymentx made by the btnrtgagor under the atwve paragraphs may. at the aption of the Mortgagee, he held hp it and
<br />comminKled with other wcR funds or lie own tun<ia Evr the paysant :d such it_.ms, and ±rnSil an applied, such payments are hereby
<br />pledged as scrrurity for the unpaid hatanm ni the mortgage indehtednewa.
<br />t r the life of ekes mortgaKe original pvhcies and
<br />To pxmc rr deliver to 'end mainta,n for the. hrnefit f th Mtrigag :nR is
<br />resnewais thereof, d.l vercKi at bast ten dais hefcre the rxlt,ra ( arty h 1'w>lie'iea rnaunng against fire and other n urable
<br />ltarards, casualties, and contingencies as the Mortgagee may require, In an amount equal to 4he ind~<btedtrese senrred by this
<br />Mortgage, and m c.vmpanies aceeptaLle to Che Ma tgxi6 e. will 1 Fay abfl laa'sr.~ in fa -< r of and ~ f rm ace<ptable to the '~foriga
<br />gee!. In the uavent any pokey is not rrnewtvl un or LoE re tzn 7a .f rt~A -xp, rat rtn. th ~ ltort~gaf„ :av procure msurane<,rn the
<br />impr+xvements, pay the premium therefor and such ,um shalt F.r rrnr inxn what[ l,~ due and pav LI with rote text at the rate srf
<br />forth in said note unlit pa,d and shall he ::ar:urrd by this n:artgage_ I'i¢ilurr an the part of the ~fnrtgagor to furnish such rc•nrwats
<br />as are herein required or Eailure to pay env sums advancsd hemunder shall. at the option cE ihr Vlortgager. n,nstitute a d.-fault
<br />under the tents of this mortgage. The delivery of such in,lioir~ shall. in the ,~. rot nF default ~:.. nstrt utr an asstKnmrnt ,:f the an
<br />~v:;-_ . premium.
<br />e v Any sums race ve,l by :he MartgaKer by reason of loss ,•r riamagr in red against may !x~ reta,ned by the ~1+~rtKager
<br />and applied toward the payment of the debt hrrehy sr ured. or, at the upttonso( the MartgaKre. such ,um> etthrr whc~lo :.r m
<br />Dart may be Paid of+irct at yfacturyK V other M ,n,a to writ out,aRech ntRCith gshen .n lhelmartgaKe rfnlr hr full e~mounat r~ecuredrhere
<br />other purpose o R per
<br />l'sy trefore such payment ever took friars.
<br />'I'v promptly repair, r e ~ rehviid a v hu,idir¢Ks ~.r :ml,r+,vemrnts r, +* ••r herraf err ,.n the t~rrmi-es which may be-
<br />corns damaged or destroyed; to<keep sa,d Premtsenip good <xrndllmn and repair and free (rum any echanic's Len nr other tiro rn
<br />claim r>E liKn not azpresalY subordinated to the Len hereof; m,r to suffer ur ix•rmit any uniaw~ful oar nit r r anr~ nuisance to .-xis[ *+
<br />said frral,~,urty -x.x tc. permit -+~u:,te .,n =airs :+rrmi+ws a,~r t~~ ,i~~ s: rev Went :,~t ~.vh~n v the prcperry h-rrby rv reed chalet trtome
<br />less va'iuahle. oat to diauniatt or impart its value ley any act „r omission for act, to n~mply with all rrq utrementsnr i taw w rsf>er.:
<br />to the mortgaged Premiaex and the use thereof
<br />t ih+:re+.f t~ taken ~~r +.a¢nagrri i,y reason .+( uv„Lc F s'raveme.. r _end°r:^nattnn
<br />That should the Premiss or any par _t an. .m ~t .r •.
<br />proceeding, yr under ft,e right of eminent domain, or n any other manner. the hturtKagvr shall br entulcnl tr. all a,m[x•nsattona
<br />awards, and any other payment or relict therefor, amt+shak t,e entitled. at its nptian, to comment appear m and prosecute in sis
<br />own name any action yr proceeding, or to make any compromise vz settlement m connrcnon with such taking or damage. All such
<br />tmmprtttaafron, awards, damag<s, right of aMion aad Proceeds are hereby assigned to the Mortgagee. who may. attar deducting
<br />tlterafrom all its ezpeasea, release any-rtvpaYs so received hY it or apply rho same on any imiebtedneas secured hereby. The Mort-
<br />gagor agrees io ezeratte such further asraigr,ments of any rnmpensatrun. awards, damages, atul rights of acton and pnx;eeris as Lhe
<br />Adorlgagee. Wray require. -
<br />That in caae of failure to Peform anp of the covenants herein. the Mortgagee may do on the Atorigagor's hehetf everything
<br />so covertartted; that rho Mortgagee relay also do any act it may deem necessary to protect the lien there f; that the MortgaKor will
<br />repay upon deatand any moneys paid or disbursed by the Mortgagee for any of the atwve Rurpaees. and such moneys tngetfier with
<br />interest thereon at tIx rate Prewtd<d in said note shall become so much additiortat indebtedness herby secured and may h< in-
<br />dttdad in spy- docree Eexeclvaitrg this mortgage and be Paid out of the rents or Vrtxx'eds u[ sale of said premises if nut otherw,se
<br />paid; that ik shall oat be obligatory upon the Mortgagee G, inquire into the validity o[ any hen. encumbrances ur claim in ad-
<br />uaKiaB moneys as tdtwe aut}arized, Intl nothing herein rnntaitted shall he construed as requiring the Mortgagee w advance any
<br />ttranOys tin any, auch.FurRVS< nor to do any art hereunder: and that Mortgagee shall not incur any personal liability hecause of any-
<br />ilxiatt. ~'. iar4` da. qe-.tmti!-kt tto h<reundar.
<br />In the event of the default by Mortgagor in the payment v( any tnstallmant. as requirtvi by [fie Note.sacured hereby, or
<br />in Ltte pertormartce of the obligation in this mortgage ar in the note secured thereby. the Mortgagee shall be entitled to declare the
<br />riabt.asxacud hereby due.BMt payable witktout raUce, and ibe Mortgagee shalt be entitled at its option. without notice, either by itaelr
<br />~ ~ p.rsirrver {o }~ afilariat~-hy the cone `.tt~rerd. sled without regard to the adequacy of any security for the indetrtedr,ess u-
<br />eyrad hereby. to enter upon and-talcs pnske>;siari of the muxtgaged premises, and W collect and rece,ve [h< rents, issues and Prv&ta
<br />t#mtat+F,- ~ aFP1Y the, arlme, Iebs costs of operation and rnllertion. upon the indeht+~dnrss secured by this nr~rtgage. sa¢d rents,
<br />HStiits'arrd prdlf3ts 6HU6 her<hy tusigrted'to the Mortgagee as further security Ior tfre payment of alt indebtodnesa secured hereby.
<br />Ttse ,1Sott{agea s6at1 havq the power to aplwint any agent ar agents it tnaY desire for the Purpose of repairing said F>rem~
<br />twee; teatin6 {.~ apne,; cdlectial, the reate, revequea errd incapte, and it rosy pay out of said income all expenses ¢mvrred to rent-
<br />hed towarJ the
<br />ipg and raatr¢tsiag the cetera and o[ culkxd.:ng the repeals therefrom The balance mtnaininq, it any, shalt he app
<br />.t,o.,t ;x m terminate and !ccc>m null and void upon release o! this mortgage.
<br />d1sCBltrlte ¢d Ala rourtgege taaetr'cf. +% o-. T,,•. .e --__ _ _ --
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