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<br />~~fe ~sclarrcAt~crx ?~frr~ff=R ~csv~a}~~rs ~lvf~ xcfil:lr3: ,~ <br />ThaE lire 1Mtsrt;dstgtsr vri}} psy the irttlttftctint~ as hsreinhefore prrrsfdtd. <br />That the Mortgagor is the shelter of said ferriprrty in tee simple and has gorxl right and !awful authr:-r,tv ; , se)? artr? <br />rtanvey the same sent that~the rye ie fete and c}ear of any lien ar rncumbranrr, ara*t fhaf ~iortgagc,r wd! warrant a ~d defend Lhr <br />title to said prettaistw agamsf- the daims~ of -a}F paraorffi whomsoever. <br />To pay immodietety when dizE-anti payable ai} genet•a} taxes, sprcia# taxes. cpxial as: s=.ment •xater cha:,, - ~v _.wrr~- <br />ice charges, am! other taxes and charges ageinst said praprrty, and all taxes iev;vd ,>n the debt ywra red hereby, and t<, aurnish il~te <br />Morlgaga•. up.7rt iegaesL. with the origins} ur upficate rsW;ript, therefor. ThK t1.: rtgagnr agrees that !here shah br added to <br />rash monthly payment :equireri hereunder or under the e-, ir)vnce of debt ,xrrurd h=reb}° an amount va[irnatr•rE ig• the Mortgagee <br />to tee sufficirifi #a-enable t}ee ffiloYfgagee tc pars, as they ixenme due, a}? lazFS, ax;rts4.menis. and =imi?ar charges u?,on the prrns- <br />is~s sub;eet theretti; any deficiency heeeuse of the insul>ic-irnr}~ of such additional payments sh, a?I hr fnrthx•ith depr~itrd r,v the <br />Mortgagor with the S.furtgagre upon demand by the S}ns_;;ager Any dvta,.ik ,. n. r ~,.~ pa rar!ranh shall he <.v~-mrde rl.•fauft in <br />peymen4 of taxr+s, asewssmritt<, nr simi}ar charges required hereunder <br />Thr Prfartgagnr agrees- that there shall also tee added to ear, 1-. month?y pay inert u* principal and interest regw red here- <br />under an amount estimated by the Mortgagee to hr sufficient t„ enable ih.• 14nrt,:a Kr+• to pav. a. tt };+rnntep due, the msu ranee <br />premium on any insurance [xriicy delivered to the Mortgagee- 1ny c?efi(rvn,°_~ Because ~,f the :n-kufficrnnsy td such additional pay- <br />rnen2s shs11 hr forthwith drpnsited h}' the '.Norfgagor with ihr Mortgagee „pen demand Icy the Murtgagee..4ny default under ibis <br />parag[aph shall he deemed a default m rho payment of in~u ranee premiums If the ;x:ticy or pnlirir-x deposirFd are such as tn>me- <br />ownerx nr a!i risk palicir-s and ihr depucit_: are insufficient to pay the- r~nt:rv premium. :he \lnrtgagee mat.- apply the depo-sit to <br />pay premiums nn risks required to Etc: inert rent by this mortgage. <br />Payment.; made by Ihr .9nrtgagor under the- shove paragraphs may at the :,ptinn of the Db,rtgagrr, he herd by rt sort <br />commingled with other such funds nr its own {unds fur the payment of ,uch ,terns. an+i ,ntil .o applied, su; h na,gmrnis are he rehy <br />pledged as sxurity Irsr ths• unpaid balanre of the mortgage indebtedness. <br />To procure, delivc-r tn, end maintain kx the benefit :rf ?hr Bert; sKer durn4 the ?rte of this mnrFKage nrginal policies and <br />ienawalS thereat, delivered at !east ten nays Frefore the vxp;ration ~:f :rm' -.uct, pallets-s. rnsu ring agatnsi fire and other insurable <br />hazards, casualties, and rnntingencies as the Mortgagee map' rer;uire, in an amount equal to the indebtedness secured by this <br />tLiarYgage, and in u~smpa,-rtes aenepieblr- t„ the .L.nrLKan- - w,:. .-.-- --- u.r ,-rau:r in f.--..-- n and to r„rr:r acz -. -or€ ra the '.4iortga- <br />gee. In the event any policy is nut renewsYi un ur be[ure ten days~:,fvi is oxprratton. the Mortgagee may i>rocure rnsu ranre un the <br />improvements, pay the prrmittm therefor, and much Burn =hall become immediately due and payable w-ith interest. at the rate set <br />forth in said note until paid and shall hK• secured by this mortgage Failure nn fhe part of the Mortgagor to furnish such renewals <br />as era herein required ur tai?ore to pay any soots advancrKl hrrvun;lr-r :hall, at the uptton of the tlnrtgagee- runstdute a de€ault <br />under the terms of this mnrtgaee-'Chu delivery of ~arh p„iu,.=s natl. :n the Nvvnt ,•. ,tvfault, rnnsti bete an a~tgnmvnt of the an- <br />earned premium. <br />Any xums received by the Mortgagee ?•. .. ,.. .r .~ ._~ r •?amagu irsurr-,i :,gamst ma>• he n•tained M the \lortgagee <br />and applied tnwarct the payrnent ~=f the deb I eri•hp _. -. r et the ,--t o-, :~f the Mortgagee such sums Dither wholly cr in <br />pert may he paid over to the Murt;agor to t,e u.rvi =,- ,r ,<rh haiidings ,~. •, but(d~new• buildings m their place c:r L.r any <br />other purpose ur oble<a =atisfaetury to fhe Murigaver r,ti~=e2 ~tIerttng the Rrn ~=n the mortgage for the h;i! amount ><-cured here <br />by before such payment ever tcwk places. <br />To promptly repair. rectors ..r retrwid :urn Lu: ai::,s. .,ri;n-~, ..,- r.... _~.~+ -=r ._- .-otter ..r. the •mise•s ,..-bleb ,. I,r.- <br />come damages[ or destroyed: to keep said premises !n gu:ri cundtttun and rrpai~r sort free from any mechanics lien nr other lien or <br />claim of lien not expre.~ly subordinated to the lien hervo(. n.a 'e <urTer ~~r uormrt anti unlawful use of nr any nuisance to exist an <br />said property not to permit waste •un said premises, nor n. d,: : ••thrc -n i c.~hemE_~, the propert. hvrebv- , ~-r .,-ved shall f,vro ,r <br />lase valuable, nor to diminish or impa¢ its vah,r by an} !+ct ~~r •„n,s~s;,,n to act G, ron:l,iti wirh all requtrernents tot law with respecE <br />to the mortgaged premises and the use thereof- __ <br />That should the peemtses or any part thereof txw t::hr~n •,- Han+ag<•d }• .,.,>~•u ~d an} puhhr tmpnwetnent or sondrm nation <br />" .,., ;- :.. ~seF.: ,•` --•i.-t-r_t ,tura_:_ ,~t ;n „ - .., .-. - r ..~ ... o =tall .,~ ~nti t,~., ,.~ sl:... ,s .,u:u- <br />prrr¢e~rtnK. at ....:.er t.._ .._.- -~,u.. _r,y .:, r.e. .:_ri,:.;~ :~~_ 'r--"~'~ ~-- -- -- -- _. `_ _ <br />awards. and any_ other payment ur retie[ therefor, and shall he entitled, aL its option', to commence, appear in and preaecutenin its <br />own name any action ar pror,'eeding, ur to make any cumprs:mice ~,r -~ttir-enrol :r. ~<n:r..-•rtinn w~iiie xuch taking uc damage. Aii such <br />cOSif2etraatiDn, awarr}a, siatrregea, right of action acrd proceeds are here`,ry assiKnrd t.--. t}re MortKagee, w-lra may, aft<r dedu~.rng <br />therefrom alt its expenses, re}eaae any moneys. sa received by it ar apply the same on any indeMedness secured hereby. The Mort- <br />g~ar -agrees to execute-such further assignments of aat_= ~vmpensattun, awards. damages, and riKhts et action and proceeds as the <br />Mortgages may require. <br />That in case of failure to perform any of the covenants herein, the 'vtortgagre may do on the Mortgagor's behalf everything <br />so covenanted; that the Mortgagee may also do any act it may deem necesary to protect the lien thereof; that the Mortgagor will <br />repay uf_bn c}etrtand arty moneys paid or disbursed try the Mortgagee for any of the above purposes, and such moneys taget}ier with <br />interest thereon at fire rate provided in said Hate shall become so much additions? indebtedness hereby secured and may lee in• <br />duded in tiny decree foreclosing this mortgage and he paid out of the rents ur proceeds of sate of said premises i[ not otherwise <br />paid; that it shat! not be obligatory upon the Mortgagee to inywrc into the validity u[ any Gen, encumbrances, nr claim in ad- <br />vaaFing moneys aq shove authorized, but nothirrg herein cantatned shall br construed as regwring the Mongages• u. advance any <br />trttufeys for any such purpose nor to do any act hereunder, and that Mortgagee shall not incur any personal liability because of any- <br />thi»g it may dp or emit to do.hcroundar- <br />[n the event aF the default bX Mortgagor in the Payment of any installment, as required 6y the iVote• sc•cu red h+•reby, tie <br />in the perfarmantr of the u6ligation in this mortgage or in the Hate secured thereby, the Mortgagee shall be entitled dr declare the <br />debt aecttred hertmby dye and-payahte wilhvut notice, and the Mortgagee shall be entitled at its option. without notice, either by itself <br />~- i _ a rrroi~vr to>,.. aprn~titetiby ths_r xyrt khereof, and without regard to the adequacy of any security for the indebtednessv rre• <br />cc~e3 hereby, to ettter upon and take pws'session~ <i( the mortgaged premises, and to c'olleet and rceen•r th.• rents, ts±.urs and profits <br />themof, ansll apply rho saine:,iess costs of o[ieratiuri and co[iection, ulwn the indeht.Klnc.•ss secure!, by this n:urigage; wid rents, <br />issues acrd profits teeing hereby assigned-tsr Lhe Mortgagee as further security for the payment of al? indebtednessv src'ures} hereby. <br />Thr Mortgagee shall have the power to appoint any agent or agents it may desire for the purpose of repairing said pram <br />ices: renting the ,same; cgliectiag the, rents,, revenues ens! income, and it ma}' pay nuf of card income all ex penscs incurred in rent <br />ins end managing-the name-and of caliectiftg tfie rentals therelmm. The balance remaining, if any. shall be applied toward Ehe <br />ditteharge of tfie mortgage indebtedness. Phis assignment is to terminate and becntne null and void upon release of this mortgage. <br /> <br />