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<br />TH$=. RtiOR'CGAt:eOR RUATIi(TsR t3RV$tNANTf3 r1ND A(iREFS:
<br />Thai: ttw',Morigr wiU pay the ittdehteditess as hereinbefore -provided.
<br />That the Mortgagor is the dwrrer of said property in fee simple and has good right and lawful authority to sal{-and'
<br />convey the stt~`e >*nd'thd` Ehn-same is ftrr and clear of nrrj^'lion~ ors-enetlriroAretmr; and that. Mortgagor will warrant artd`dcfettd tht~ ~:°_~., ..-
<br />title to said--preditises ogeittst the dgitas of aft pet~tirt3 xhomseE:ver:- ~.. - - - -- -
<br />To ptr<r itt+mediately when due and osyaWa sL' general taxers; apeciaf`taxes, special aesessmenta, water sham aaewwer"s~v- _ _ _
<br />ice charges, and other taxes and charges against said property, and alt taxes levied'on the debt secured hereby, and to furnisfi the
<br />Mortgages, tiport, request, with the criginal or duplicate receipts therefor. The Mortgagor agrees that- there shah be added- to-, -
<br />each monthly payment required hereunder nr under the evidence of debt secured hereby an amount estimatedliy the PoCortgagee -- -
<br />ro be sufficient to enable the MaFtgagre to pay, as they become due, all taxes, aaseesments, and similar:eharges'upon.tha.ptem=- ~'
<br />taco subject ttieretu; any deficiency fiiecause of the insit(Beiency of such additional- payments- s}iaii"be forthwith deposited" by' the
<br />Mortgagor,with the Mortgagee upon-.demand by Ehe Mortgagee Any default under this paragraph shalt'6e deemed a default in
<br />payment of taxes,- aseeasments; rir similar charges required hereunder. -
<br />- The it3ortgsgoE agrees that there-shall also be added to each monthly payment of principal-and interestrequited -here-_
<br />under an amount estimated by the Mortgagee to be sufficient to enable the Mortgagce to pay, as it becomes due, the insurance
<br />premium on any insurance policy delivered to the Mortgagee. Any deficiency because of the insufficiency, of such additional-Pay-
<br />me~tits shy II Fee forthwith deposited by the Mortgagor with the Mortgagee upon demand by the Mortgagee. Any default under this
<br />pargraph shall be deemed a default in the payment of insurance premiums. 1f the policy nr policies deposited are such as )tome-
<br />owners or all risk policies, and the drposit_y are insu(ficiem tq pay the entire premium. the Mortgagee may apply the deposit to
<br />pay premiums on risks required to he insu re<i by thin mortgage.
<br />Payments made by the MortKeKor under the above paragraphs may, of the option of the Mortgagee, he held'hy it and
<br />commingled with other such funds or its own funds for the Psyment nt such items,- and until so applied, such payments are hereby
<br />pledged as security for Che unpaid tralance of the mortgage indebtedness,
<br />To procure, deliver tn, arsd maintain fo: the F,enrfit •>f the Lfortgager during the life r?f this mortgage origins! Policies and
<br />renewals thereof, delivered at lease ten days before the vzpi ration of any such policies, insuring against lire and other insurable
<br />hazards, caeuaities, and ~rontingencip as the Mortgagee may require, is an ataount oqual tat the indebtedness secured by thin
<br />Mortgage, and in companies acceptable to the Mortgagcw. with loss payable clause in favor of and in k,rm acceptable to the Mortga-
<br />gee. In the event any policy is not renewed un or Imfnre ten days of its expiration, the Mortgagee may procure insurance on the
<br />improverr>Pnts, pay the premium kherefnr, an<I such sum shall itecome immediately due and payable with interest at the rate set
<br />forth in said note until paid and shall he ;acv r:•d by this mortgage. Failure on the part of the hfnrtgagor to furnish such renewals
<br />as are herein required or failure to pay any sums advanced hereunder ..halt at the option of the Mortgagee. constitute a default
<br />under ffie terms of thin mortgage The delivery of such policies stalk. m tfie event of default. conshtute an a_¢signment of the u-.
<br />earned premium.
<br />Any sums received by the Mortgagr~r by reason of loss cr damage insured against may he retained by the >AortRagee
<br />and applied toward the payment of the debt hereby secured. nr, at the option of the 'viz,rtgagee, such sums r,ther w-holkv or in
<br />pact may be paid. over to the MortgaKor to k>r .LSed ko repay such buildings err to bwld~new bvldings in their Place c~a for any
<br />otiv.r pur~_ _ or ob}ec# satisfactory [o the Vurtgagee without affecting the !lea on the mortgage for the full amount ~ecu rr*d iirre~
<br />by before such payment ever took piace-
<br />To promptly repair, restore nr rebuild any buildings nr improvements now e,r hereafter on the perm ices which may be-
<br />come damaged or destroyed; to keep said per:nisa~s in good condition and repair and (tee from any mechanic's hen or other ?ten or
<br />claim of Tien no# ezpresaly sulwrrlinated to the Gen herezrF, not wsuffer -~r permit ary unkawf vl use of or any nuisance to exist on
<br />said property nor to perm,[ waxte nn soul pmmt,-ems, n<~r to d„ err, <.~ „6<~r ,<r ..h<r,~b, ~k.~ pn•rh~r;. h,~r<~hy ,-. •,,.. ,,~,E _hall 1.<v~om<•
<br />less vsluable, nor to diminish or impair its value by any act ,>r omfssron to acK; tz, compiv with all requirements of law with respect
<br />to the mortgaged premises and the use thereof.
<br />That should the, premises or any part thrrw,f txe takes or •.iamagerl by rraszm of anc public improvrmeni or condemnation
<br />proceeding, or under the right of eminent domain, or in anY other manner. the ).fortgager shall t,e rntrtled to all rnmpensat,ons.
<br />awards, and any other payment or relief therefor, and shat! br rn titicvi, at its option, to rnmmetsce, appear in and prosecute rn its
<br />own name any action or ptzxeeding, or to make any compromise or wttlement m rrnnnectron with such taking or damage..411 such-~-=-
<br />caxrrpetriation, awards, darmagee, right of artier. arsd Pnx:eeds ace hereby assigrred to the Mortgagee. who may. after deducting
<br />therefrom art ita expertaes, release any moneys so received by it ur apply the same on any indebtedness secured- hereby. The Mort-
<br />gagor ~ttees to exeEVlta such further assignments of any soenpensauon, awards, damages, acrd rights of action and prareda as the
<br />MerEgagce~vtay require.
<br />Thai incase of failure to perform any of the cY vrnanta hr rein, the Mortgagee may do on the R4ortgagor's behalf everything
<br />so eovgnaatsd; that the Mortgagee may also do any art it may deem nrreB,Ra ry to Protect the lien thereof; that the Mortgagor will
<br />rspa5t upon demand any moxteya paid or distaertrzzt by the Mortgagee for any m the above Purposes. and such moneys together with
<br />interest thttreon at fete rate Provided in said note shall become so moth additional indebtedness hereby secured and may be in-
<br />Chtrfed in any decree foreclosing this mortgage and be paid out of the rents or proceeds of sale of said premises if noE otkierwise
<br />paid; that ii shall not be obligatory upon the Mortgagee to inquire into the validity of any lien, encumbrances, or claim in ad-
<br />uanaeg moneys as abate auEhortzed, but nothtttg heroin Contained shell be construed. as requiring the Mortgagee ko advance any
<br />mtiagys-for•aaat auslp:purpesa-nor ter do any art hereurtder, and-.that Mmtgageeaha{t not incvranY. peraoaal.liability t,ecause oL anY-
<br />tt.,tng. it aHy-do a omit to do hereunder.
<br />I.a fete event of the;deteult:bY. Mnrtdxior in-the payment of any- iristaliment. as-required by the Notes secured hereby. Dr-
<br />ip the pertorsrtarire of the obligation in titia mortgage or in the note secured thereby, t}ie Mortgagee shall be entitled to declare the
<br />fight seeut~l.,hecai!y d~.and-payable without notice,-and_the Mortgagee sieaU be entitled at its option, without~,tolice, either by itself
<br />or by a ieceitier to be apyginted by the- court thereof, and witfwut regard to the adequacy of any security for the irrdeMeeiness se-
<br />cuied tsereby, to- sitter upon and-felts pasiun'• tsF the rnsrtgegett pru-tises, arsd to collect and r€--~:=e the rents, isst~s acid profits
<br />Llfareef. arrzi~ apply thesarne, ]effi a~ta o[-operation and-ooltection, upon the indebtedness secured by this mortgage: said-rents,
<br />iaeotas acrd ptv!%ta ffkn$ hereby-aseigrrett Yn the Mortgages as Farther security for the payment of all irrdebtedrieas secured hereby:
<br />'fbe Izitsrtgsgee steal! have the fxsver to appoint any agent or agents iE may desire for the purpose of repairing said prem-
<br />iT_: r~titzg flee- sarrte,_ a?11,,ei;tp€. the r!aEx4t~-.ravtanues_ and-income, and it may posy cut at said income alt expenses incurred in rent- -
<br />tni sad nuatatfeatg the tiwne apd of collecting the rentals therefrom. The balance remaining, if any. shalt be applied toward thg,..
<br />dju~irt~a ~-[tip ~ , This;;aE!Mtgrtt!!ent is to terminate and become nut! and void upon reletice nt this morttiatte:
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