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<br />'~ " ° ~ 4, '~•'~R1YiAGOR P'[IR1'HER COVEN/iNTS AN52 AGREES:
<br />81:..x41656
<br />That eh..Atartga{~rx wiH pay-the i„aebtsaneass-Etetrinberore-proviaea: - '- .- -
<br />That Uie -3t4ortgagru fa ;tlitr owner of said property in fee simple and has goaE right and lawful authority to sell rind; --
<br />eonvey ihr wens and-tMt tlar,attnr« is frx and-Clear ~ arty:tien er'ru•umhrattee: aruE that Mortgagor wilt warrant and`defentt`ths--
<br />fitly to said ptemMes tgtirimt the r3airna iif all= peraorM- irrh<xnauever-
<br />To pt~ty wFxct-slue asd paya!>3+~ aEk-grsunl lases. special tsaea,.spe;iaE.rrssesamenta, water charged,-Hewer seiv=~'.
<br />ice cttargea, sad-otfser tssee~ and ciurges against said pmpertY~ and all taxes levied an the debt secured hereby. and--to furnish the
<br />Mortgagee, upon rtequest, with' tEre _atiginaE or duplicate receipts tlierefar. -The Mortgagor a„<reek~ that• there ahatE-`br~J adtfad.'t0~ ~-
<br />each taanthlS payi~nt required heretindet ar tinder the evidence of-debt srctered hereby an anraunt estimated by the__Mortgagee- -
<br />to rte anRciertE !C inrable-fEie Mtiiatl~agec to pay. ~ they became-due, all-taxes, aeaesamtnta, and similar-ehargae vEran:.the prams;.
<br />idea su6jeet thereto; anv ileRcieiicy-Etecatix of the inaufficieney of such additional paymerrta shall he forthwith depotteted by -the - ' -
<br />Mortgagur with the Morgagre upon demand by the Mortgagee. Arty ttetault under this paragraph shall rte deemed a default in
<br />payment ref taues, asaeaanrertta, nr similar charges required hrmunder. - - - - - -- -
<br />Thr Mortgagor agree that there shah also br added to each monthly payment of principal and intereak tequired,hera-
<br />under an amount estimated by the Mortgagee to tee au}Gcient to enable Ehe Mortgagee to pay, es it Frecomrs due, the-i719a ranee
<br />premium rm any insurance policy delivered to the Mortgagee. Any denciency ire®use of the iresvtitciero-y of suele. addiLattal pay-
<br />ttrerts shalt be fnrthwitti rtepnaited by the Mortgagor with the Mortgagee upon demand Fry the Mortgagrie.~ Airy default under this
<br />paragraph drat! fee dermrKt a default in the payment of irtuuranc-e pr_,rniurns Ef the poht-v nr pdieies-depnsitoil are such as home:
<br />arwnent or alt risk policies, seer! the drprsstt are rnsutficrrnt to pay the= enki re premium, fhe Mortgagee may apply the deposit to
<br />pay premium nn risks required to Fee mstrtwi try this mnr'igagr. -
<br />Payments made by the 3fc:rtgttg+rr umt«r the alit»~e para$rsphs map, at the option of fhe Mortgagee, ire hetd~hy ~it and
<br />commingled wiih other such }undo nr :t: •rwn fund.. for the paym.-nt <:f .uch item=, any! until err applied, srtch payments are hereby
<br />ptrrfgrrl as srrurity [nr the unpaid }ra!anrr ,~ the m•,rtgacr indeFrtedneca
<br />Tn prr.curr. delr_-.~r t.., and marnta!n fur th.• }»-n«5t ~:t r+r.-. ~i:r;Kag-:• du nog the !ifs of this mortgage origins! policies and
<br />renewal t.herruf, delruerert at i.-ar+t ten dal, F.rf.,rr ;h.~ =-zprratsr.^ ~•s ant -,uch kwlir:rc, :naurinR against fire and ut her insu table
<br />teazazds, casualtiae, and rnntingenrir!t as the Mortgagee may require. in an amount equal to the inrlebt¢drteae sewtred by iltia
<br />Martgagr anti to cnmpam+-~. arrrt:tatrie t.~a the STnrts'r.;;e-<~. u:rl: t• ~ ;_,a.ahle riau~ in favr,r :rf and in fr.rm seer ptahle to the Mnrtga-
<br />ger In the rvrrni anv {>du~y :a nut rr•newr.i :•n .~r M>t~:r.' t. ~3a~=. •~t a.. r>ip+ratror.. the .'.4orfgagrr may prm-urr insurance vr- the
<br />imprrwemrnts, pay the pr«m.urn rhr=r. f;~r- -r.nd ~u.~}, _u.., -:•..; irtY: ~.m.• =rt.mvri:airir~ ~tue and payable with interest at the rate art
<br />forth in satd rxrte until pawl seed =hall M- ~-. ~aun°d !_~. rh,. ~~,,. rrcas;r t`:ati=. n- -.n the- ;ra rt of the !S;Tarlgagnr 4r furnish such renewals
<br />as are bcrcin required c.r tatIc re s+• r +umw adtano.~r: '..,. nder <hal,- at the aphnrr of the Mortgagee, amstitutr a r}elautt
<br />un ire [he irrm+%nf !lira mariRSgr T't~.Y .. .+••n . t .. -r,ri .hr «•r v~nt •.f ~teinuft r€.nehiuta an ass.gnment n( the un-
<br />ramt-d prrmeum
<br />Any sum< r«rer;:-;! ! . r. - ti•-rtgag.•r~ ?.. .. w,. ,, .:i !,.., r isr .,,. r..a aga.n<t may 're mtauted by th« ortgagee
<br />end applied toward the ;.arment td t... „«ht n«;rhy ~-, ,..,-: s- .,, art r,. ~<s ~'tr<,r. Lt Ehe• \fr;rtgagee, aurh .urns rtther wh"lly nr in
<br />pan may Fre pazrt .nrr tr, the Sf nrtxaRr••r to tr uw,i '.. -.~pa:r -, urh '..;1dtrze nr r, .~.uict-new huitdm¢a ;n !be=er plac« ur for any
<br />r,ther lnrr~v~° r.; objet'! utr~facLrrz .. the S!+,r!n;:.- ,~.t:;.,=;+ =:!T.~:-r,. r.e •h« !.rs. rt ;}+«- rsr-,rt g3ge= f ,r rh« Iull ans.,unt ~.•t•u r.°r! here
<br />by tx=fore sue-tt iueymrnt «v-r t<,ok gyrate
<br />To pr•~rriptly n-parr re,:forr- - rehu:lal :nt .w,e , rz~4 .., .,. r,e ,,... . ,_ ~- :„ eatt«r .rr. the pr«miaes which may hr-
<br />came Samaged ur destrvv.•d: to Steyr aaad vrvme_-..=. ua ~, :.tit x:,ne'utitn an<i <-:•, are xr-3 trte tr<.n_ any mrrhanie's Lyn ur other hen or
<br />claim d }ion fret eapmtri*• sut>.srdtnatr<t ic: the !:er. `:. r.,•, .,,-, -.- au3T+~r ..-:rt.t are} ;rniawfu! use of err any nui~arrre to exist on
<br />said pr*,~rty mfr sir p«emu' waste r,n sa:.i t.r>•mr. ... , - an} • finer a<_--. ->r- -h=_ ...r tsnrpc•rty t~era•frc• r., veyed c}rart }yet-omr
<br />leas vatuahlr, nor to diminsstr .=r :rr,.air ,.. •.-hl~« v nr.. -.. ..,..-„ ... .. .-.:°e t. : .m„!. ..rth at! r«rturmrn«ntsn"f law with respect
<br />tar the rmrttgaged premises anal !hr utw !Farr-.,t
<br />Tha# ahauEd FttR'°'p~ ar~.atr, ;ra rt t.t.=rr+rt ?wE- takYn .~r ~iarr=nee-,', by - - .ern .-.f are ~, putrler, improvrmrni .rr condemnation
<br />prtr-eedirtg, err under the right of rmim-nt .l,.rrrax:.:~r :n ,env ~,th«r rtrrnr:.•r tk•«r~f.•r!gaK«« .hall }N, ertittrd !n ail crrmt>enaaUons.
<br />awards. seed any orrery payment .r ref i? rrt.rr arut shakl lay rnSit?rrt at sis .~r:tsrm.. to nrmirrerxr. aptrcar in acrd nrratatute in its
<br />Crrrrr name ant xiirsn rx i+rr,t:rrdtng,r.,r Wemake arr.' ties :mpr.rm;.+« -•r set t;Nmrnt rr >~a>nnectrrrn Wien aucir raRrnr: to .; r.oa~. :. a......
<br />cttmpeaaatian, awards. damages, right of action arut ptu.~-e=rdt are Mrrby assigned fo the AEnrtgager, who may, attire deducting
<br />- tlaerefrvar a!! its eaperuec release am irrorrrys r»s ;.~.~.~: ;p ;t cr art` M-tr at:r -.,orb ~-;i any irKieht~i=_.?as am:rrd hereby. The Morf-
<br />Zaa4r egrer!s to estieute arch further arergnrrrents crt ant rcrmf.>rnr:at>utt, awards. damages. aml rirrhta of action anti i?~~1a ss the
<br />!derrtdsi~ essay trgsrirc.
<br />That in case of failure to prr[orm any of the ro:enania herein, the Yinrtgagre may des nn the Mortgagtsrs behalf everything
<br />ao CovnnaaMrl: that the Mrtgagee may also des any act it may deem trw.~rssary t.r protect the kirn tfrereof; that the Mortgagor will
<br />KFaY vprat demand tmY moneys Amid art tlisbursrrcl try the Mortgagee far any of the above purposes, acrd aurh moneys tirgetlier with
<br />iatetest thereon at the rate prcrvided in acid torte shaft t>ressrnr an mu<-h additional indrbtrdneaa hetptry secured and may he in-
<br />ditdeo fie say tEecrer forerloatng this mortgage ami be paid cwt of the rents or proceeds trf sale of said premirrea if not otherwise
<br />paid; Yaat it shall mot he erbiigatary upon the ?Martgagc . :ss rtaquire intr> the va[idtty rsf any lien, encumbrances. nr claim in ad-
<br />vt~ ttsateYa O ai>ptrs att3hzriae:tl, tort xrtrttrir~ herein cnnttartred ebali be cortstrtrS><t as requiring tree Mortgagee to advance arty
<br />naanq+s tort asy wrls pvrtxtaa trot tar des any act hereunder; sad chat Mortgagee shall trot. incur ant petaurul Fabi}ity because of any-
<br />it. sty do a wait to da Etererrrxiar.
<br />In the event art the defaaEt hY Mortgagor in the payment of any rnataElmenF, as required by Ehe itiiote secured hereby, or
<br />in !tee perfarrnancr of the abligatiun in #hi« mprtgtgr nr in the note secreted thereby, the Mortgagee shall !rr rnttkled to drttare the
<br />tkltE sa~perrsl hesehy due grad futYabte withrrut at=tire. and tier Mintgagr-r. shalt be entitled at ifn option- r+iiEt~t notice. eitlrrr by itsaEf
<br />oti lif- a rxceiver so be appuiittad by the cerurk thereof, aced wittenut rcgarci to ttae adequacy of any security for the in+s'ebtsxirleas sr-
<br />rrtind ErtaDy. to enter ttpsar arod tmke poshessioet of the mortgaged Premises. and to twileet •rd recene the tkats:'saaws and pra6ta
<br />tlftiraad, aid atryly the saaae, 3ese cis of aperatirirx ~ t~iteafii.±n, upon the ixdehtnltresa sertired by tEtis real t8+>sr said- rents,
<br />itarYM-fwd putt-ba+rK t>Qersirp aiawgrrra-its the Mortgagee art fssrthrr sernrity for the paytrN!nt of all.indebtedrersa securarl hereby.
<br />The iNaat~as aha!! have the power to appoint any agent nr agents ii mat drxirr for the Ptirpaae of repairing said prnm•
<br />Mesa: rstNtnq, the aanre< ni. the rend[, reverwa arnE irnxrmv, and it may pay nut of aairt irmume all rzpenaes !.recurred in rent-
<br />Eat{ sad mana~iag the satire sled d tvtlectina ttie runtaht therefrom. The balance rcrnaining, i( tent, shs(3 Err applied toward tlx
<br />of the ~ -~.. 'l9us raaigrurrent is era irrmitvetr amE Irecoerrr null and void Srpan release of this trrortgstte-
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