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ArlO SAID MORTGA~ OR does he~eby covenant r,ith the Mortgagee that said
Mort~agor, at tha time of execution and delivery of these presents, is the
ahsolute awner of and in possession of ssid mortgaged prope~ty; that he has a
good right, fuil paver and lawful :uthority to convey the sa~ne in the manner
and tona herei~ set forth; that said,property is free and clear of atl liens of
~vhatever nature, except as specificaity mentioned herei~, and Mo~tgagor fulty .
r~a~rants the title to said property and will defend the same agai~st ail lawful ,
ciaims and demands except fram the ~~r~anttes contained in tha encun~b~ances
herein specifically set forth.
Ai~D TI~ MORTGAGOR does hereby fu~ther covenant, pranise a~d agree
with the Mortgagee, its successo~s and assigns, as follcwss
1. Mortgsgo~ will not cammit any waste, or weake~ or impai~ the
security of this mortgage; ~~ilt pay, prior to delinque~cy, all taxes and
assessments levied or imposed on satd prope~ty; will keep the mortgage~ pcepstty
~ insured in such ma~ner and in such amou~ts ss Mo~tgagee msy requi~e; and wi11
not ranov~e any chattets, if included in thfs nwrtgsga, fran the pranises ~A~ere
they are now situated, withaut Mortgagee~s w~itten consent.
2. In the ev~ent of suit to foreclose this mortgage, Nortgagee sha~l
be entitled, as a matter of ~ight, without regard to the value of the ~oortgaged
property ar to the soivency of Mortgagor, and without notfce, to the appointme~t
of a Receive~ of the mortgaged p~operty and the incane and profits the~eof, as
well as payment of al l costs incur~ed, inciuding ~attorney'!k fNS.
3. In the event of Mortgagor~s failure to pay taxes, or to keep the
p~emises insured as ~equired, Mortgagee may, at its option, but is not required
tq make such payments, and the sun+s so adva~ced shalt be repaid by Mlortgagor
with interest as provided in the '~061igat~oM' and said wms so paid by the
Hortgagee sha11 be secured by this nwrtgage.
4. In the event of any default in the te~ns of the "Obiigatio~"
or this mo~tgage, Mortgagee may, at its option, detlare the whole indebtedness -
secu~ed hereby to be imnediately due and payable.
5. That no extension or inodificatian of the payments of the '
indebtedness, and no ~elease of any part or parts of the nartgaged property,
j or of other coitaterat securing the above described indebtedness, ev~en thaugh
! ~ade ~ithout consant of the Mo~tgagor, shali release, ~eiteve, er discharge
~ the Mo~tgagor fram the payment of arty sums hereby secured, and Mortgagee shail
f have the right to release fram the tien hereof any portion or portions of the
mortgaged property, or ether collateral held as security for said indebtedness,
i~~espect~ve of the vatue of the ~eteased portion, without affecting the lien .
hereof as to the portion or portians not reteased, no~withstanding the fact that
such release or releases may be made without knowledge or consent of the Mortgagor,
o~•of any Grantee or Grantees of portions of such property theretofore so1d.
IN MIT~SS 1~fHEREOF, the Mortgagor has signed and sealed these pres~nts
the dey a~d year first abwre written.
Signed, sealed, and del ivered
1~ the presence ofs -
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' i.(SEA~~
nomas . c epis
tness
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csEA~~
tness Tallu ah R. Schepis
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