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<br />'I'#~ tA£3PtT~At3€3R y't/RTIdEfI i_Y3?'~t+1AFV"~S A?r'~t AGI•tE£~: `~ a 1 t~ ~ ¢'
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<br />That ~_= Mortgagor wii3 pay t'rs_• ,txiehkrdness sus hereinbwinre prrrrirred
<br />Ttut t>;e ISiaator ia- the riWYier'-of said pmperfy sn tee sim#si>F and lass good rsit oral Fa~fui .auth^*ity to Wit! zn8
<br />coptvey the a~t^-° s~#"tf4-£ha*i~~Rrs• and'caear of-stay ifen`or encumbrance: artd that R3ririgagor wilt warrant .. ~` •teiend ihz
<br />ti£le to said prrntises egait~i 'cfa~itsts of ail persons w•homsaes-er.
<br />To- pay~iaMly rviteA due-acrd-psryable all gerteral-£aies,.spaeial tazts. spQ tat assessments, water c'nargea, sewer serv-
<br />ica charges. grad atltEr taxes aiixl~:dharg8a-~ 8gi+vttst sold-pee'petty. +~+d ~ ~~ tevirrf on the debt ser•ured hereby, and to Cornish the
<br />Morlgagee.~tipent:_Yggti~8t. tviRli ~rJte oiigirtalar-duplicate receipts-ffrerefor. Trio Mortgagor agrr*es that there shall he added to
<br />each monthly paynit45t irequired hereunder or under the evidence of debt secured }rereby an amount estimated try the biarigagtr
<br />to kre svffuient ttr er~6le the Mortgagee to Pay as they become due. ail taxes. assessments, and similar charges upon the Prem-
<br />ises subject- thereto;. any de#;ciercy, because at the insutficiercy of such additional payment. shah M fccthwilh deposited by the
<br />Mortgagor +itth tTte-t'[gi--upon tfemend by the Mortgagee- Any default under this Paragraph shall be doomed ~a-default in -
<br />payrrierit-of-€axes, as~essriieot-c. or similar charges required i•.ereunder.
<br />The Mortgagor agrees-that thole shalt also be added tc each monthly payment of principal and interest required here-
<br />under an amoun4 estimated by the Mortgagee to fw sufficient to enable lire Mort agcy to pay, as it trecarr es due. the insurance
<br />premium on any insurance policy delivered to the Mortgagee. Any deficiency because of the insuftteiency of such additiartal pay-
<br />ments shall be forthwith depnai4ed by the Mortgagor with the Mortgagee upon demand by the Mortgagee. Any defaulk under this
<br />paragraph shell ire deemed a default in lire Rayment of insurance premiums. 1f the policy or policies deposited are stub as home-
<br />oanets or all risk policies, and the deposit-g are insufficient 4n pay the entire premium. the A4ortgagee may apply the deposit to
<br />pay premiums on risks required to he insured by this mortgage.
<br />PavmenG made by the Mortgagor under the atxwe paragraphs may, at the nptian of the Mortgagee, be held by it and
<br />commingled with other such ttmds or its own (ands far the payment of such items, and until so applied, such payments are hereby
<br />pledged as security for the unpaid balance of the mortgage ,ndebtedness.
<br />To procure, deliver [n. and maintair. for the benefit of the Mortgagee during the life of this mortgage original policies and
<br />renewals thereof, delivered at Ieasf ten days before the rxpirauon ut any such policies, insuring against fire' and other tnsurahle
<br />liarnrda, cpwltiq, and rnntingencies as the Mortgagee may require, in an amount equal to the indebtedness secured by this
<br />Mortgage, and in companies acceptable to the bortgagee, avith loss Rayable clause in favor of and in form aceeptable to the Mortga-
<br />gee. In the event any policy is not renewed an or tro(ore ten days of its expiration, the Mortgagee may peers re insurance on the
<br />improvements, pay the premium therefor, and such sum shat) became immediately due and Rayable with interest at the rate set
<br />teeth in acid mote: until paid and shall F secured by this mortgage. ratiure on the parE rf Eh- Mortgagor £a furnist: such re.^.ewa!°-
<br />as are herein required or failure to pay any sums advanced hereunder shalh at the option of<the Mortgagee, constitute a default
<br />under the terms of this mortgage. The rlelivrry of such pe,hc,es shall. m the event of default. constitute an assignment of the un-
<br />earned Rremium.
<br />Any sums received by the Mortgagee by reason of loss or damage insured against may he retained by the Mortgagee
<br />and applied toward the paymen4 ui the deM hereby secured, nr. at the option o[ the Mortgagee, such sums either wholly or in
<br />part may be paid over to the Mortgagor to be used to repair such buildinKs or to build' new buildings in (heir plan or €nr any
<br />other purpose or object satisfactory to the Mortgagee without aRectenK the lien on the mnregage for the full amount secured here-
<br />by before such payment ever took place.
<br />To promptly repair. rextore ur rebuild any VawldmK- nr ,mpruvemenLx now ur hrreattr; on the premises whrch may be-
<br />come damegeci or destroyed; to keep said premises in good condi tu,n and repair and tree- from any mechanu'a hen or other lien or
<br />claim nt lien not expressly subordinated to the Iten hereof, not to suffer or S>ermi[ any unlawful use of or any nuisance [o exert on
<br />sttfd property nor to permit waste on sa,d premises, our to do any other act whereby the property hereby conveyed shall hecrame
<br />leas valuable, nor to diminish or impair its value 6y any art ,~r nmissu,n W act h. c~mp!> w-ith all ray uiremenis of law wdh respL•ct
<br />to the mortgaged Premrses ar.d tiro use the=rec+1.
<br />That should the prrmtses or any Part thereof 4s• taken <,r ,ianraK<-,i by reason ut an': Dubin- impravrmrnz e:r ~unr_e-mnation
<br />proceeding, or under f.he rigfit of rnoinrni d<unauz ~_ r .a any ether manor r. the ~inrtgagee shall tp• entitled to alt curr,prn=aitinns,
<br />awards. and any other Payment ur r~..~. tt:rrrfr;r .,. ,-;alt ?x ~„t,tled, =t :t_s upticrn, to commerce, appear i!t and prrrr.i,.rute in its
<br />,a..,K , • > f_+ .~gka _ - r Brume r or eettlenre~n[ an cunneMron with each taksng or damag -. i i such
<br />OWrt rfalrt8 env 3L-t - - ire ~"' "• -"" _ _ _ _ _ ~rsn ,-zf,.n3:n
<br />eorrape."tsa4ton, awards, dt:mages, r^igh[ of affton and Grtmr'erva are iirrc: i a~:Knrr. io `n-. "'`-_: k::ao==, +' °? °~y : ""°, - " .:-.g
<br />_ ved 6v it ur aouly the same .un anyLindebtednesa sL•run~ciahereby?The Mori-
<br />rr~ '_ _l ifs eKrsr.:n~. rely-aa~ a:.y ;r.......,,,~ ~., r.u e.,
<br />;agar recces. tit exetatte such further aasigmnents of anY rom{rensatxrn. swards. damagc:a, arrti rigtrt-s of action sect prrx;r-•s~* a= rr,=
<br />-MortgageR may require.
<br />Tha£.in-cave-ot failure to parfornt spy of the covenants herein. the Mortgagee may do un tk,e Mortgagor's behalf evrrythitt8
<br />so caveruu4ted; that the Mortgagee may also do any act it may deem necessary to protect the lien thereof; that the Mortgagor will
<br />repay upon demand any moneys paid ar disbursed by the Mortgagee fur any of the above purposes, and such moneys together with
<br />itttsrrsf. t4tereun at the rate provided in said note abut! become. so much additional mdrsbttdness hereby secured and may t*e in-
<br />rltaded in any decree foreclosing this mortgage and be paid out of the rents or proceeds of sale of said premises it oat ntherwtae
<br />paid; chat it shall not I~ oNigxtury upon the Mortgagee to inquire into the validity of any lien, encumbrances. or claim in ad-
<br />vatuir4g morreya as ak~ve aukttoriud, but nothing heroin conEatned shall tee construed as regvirinK the MortKagoe to advance any
<br />rrtorteya for any such purpose nor to do any act hereunder, and that Mortgagee shall not incur any pe rsunal habdity he-cause of any-
<br />a~.:. p Ic...ay dr-, nr amik to do hereunder.
<br />in the event of tite default by Mortgagor m the payment of any installment, as required by th<• Note secured hereby, or
<br />-¢o~tarss ~ t~•e <~l~atioa its thin mprtaagxe or ir, flee nofa secured thereby, the MortgaKoe shall be r-nkith^cf to declare the
<br />daft,-t s~attesl hereby due and-Raya~e. withou£ noiicY, and the MortKagee shall he entitled al its option. without notice, either by itself
<br />or by a receiver to tee appointed by the covK thereat, and without regard to the adequacy of any security fur the indehtedneas s:~-
<br />cure~-~rertbY,_ W enter.uppn and take lrott±it'49ioti of ,the mortgaged premises, xnd to collect sort receive the n-nts, issues and SJrofits
<br />ltferro(t sad apply the same. less coats of operation and cul[ection upon the indebtednesr. recur@d by the m,rtgage; said rents.
<br />- •: _ r :h_.- ,ttv fuse t!±e t?avment n_f all indebtedness secured Hereby.
<br />r~r{pmr aiu} y. mac. -,:clog n~t° y_?:---~..~<_ i= .. - °r.- - . _ -r _ -- - - _ - -
<br />''pite MNrtitagc~ shafF have the power [u appoint any agrn4 or agents ;t may dealer for it>*^ pu rpi±;r of reps, r,ng vtxi prern~
<br />ises; renting the same; collecting the rents, revenues and income, sad it may pay out of satci tneume all expenses interred in ren£~
<br />in$ aapl managing the same amf of ca}lecting the rentals the refmm. The balance rematneng. it any, shalt tx. applied toward the
<br />discharge cd the. msartiRge ixtdehtednr^as. This assignment is to terminate and become null anr3 void upon rc^teriw of this mostgsgi•.
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