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Home My WebLink About0772 ; ; ; ANb Me said Mori9aqor hereby covenonts ond a9rees wi~h Ih~ soid Mo~~~o9~e as folbws: fIRST: Thot the MonQoyor is lowfully se+:ed of th~ dbov~ dexrib~d pr~n?is~s in fee simpl~ ond has pood ripht to sell and conv~r th~ some to the Mort9oQee; thot ths soid premis~s ar~ fre~ and dischvr9~d of o~d from oll toXes, tax titln w c~?tiAcat~s, ' judqmeeK, methanit: liens ond encun+bronces of any natu~e ot kind whot~otv~r ond that M~e Mon~aQo~ will fullr wo~~ont ond deftnd !hs some to the Mo?t~a9e~, aycinsf the tawful tloims ond demonds of oll p~~sons whomso~ver, ond will moke suth lunhtr ouuronces to perfed fee simple title to soid lond, in the MonQapee, os n+ay +ecso~wbl* be r~quir~d, and will por tM s~v~?al sunn of nwney opresd the said note ro be poid ond all inttollmtnts of principat cnd int~~est M~reon promptlr when du~, ond i accordi~9 ro Me t?ue tenor and e~Fect of the soid not~. ~ ~ SKONQ: Thot N+e Mo?tpoqor will poy oll ond s+n~ular th~ toxts, ass~ssm~nri, levies. end encwnbronc~s of ~v~ry eatu~e on the above dexribed property, ond upon this moriqo9• ond note, or tlu ~wney iecured th~r~br, b~fo~e deli~?qwncy thereof ond receiph evidenc~n9 poyment of soid toxes, ossessments, levies ond encvmbraeces sholl be deposited with th~ Mortpopee on o~ before Mard+ lst of eech succeedinq yea~ durin9 th~ tenn of this na~tqa~e; and if some be no? pranptlr paid when dus, the Mortqo~ee moy (w~thout obli9otion to do. so) pay the some, or becane purd+os~r of a~y lowful ~vidence Mlreof, o~ ceni&ote Merefor~ without woivin9 or olfactinp ony right here~nd~r ond in this nartyeQe, o? Me soid note which this na?tqep~ secures; and ~ such poymeMS o~ expenditures so made shatl bear i~fere:t f~onn the dot~ thsreof ot Me rote of~per centum IH~Cper enrwm. Eight and three-quarters/ (8-3/4x)/ - ~ THIRD: Thot the Mortqopo? will keep cll reol and personal p~opert~? now or hereoftor entumb~red by the ~ien of this mort9cQe iraured os moy be required from time to time by the Mort9aQee c9oinst loss by fire. windstorm c~?d other haza~ds, cowolties and contin9encies for wch periods ond fo~ not less tho~ such enaunK os may be required br the MoKpoyae and to per prompNy when due oll p~emiums for such iiuuroace. Th~ anwunb of wch insurante required by th~ MortqoQee ore expressire of oely the minimwn omovnK for whith soid i~uurance shall be wriften ond it shall be incwnbent upon the Mort9oQor to maintain wd~ additionol insuronce os mar be neceuary to meet ond canplr fuNr with all to-i~aurance requiren?ents contoined in soid policies fo the end thot seid Mortqagor is nof o co-inwro~ ther~under. Mwrence shoU be wriMen br o tanpany or tanponies vpprovsd by Me Mort~a~ee and oll policies a++d re+wwols Mereof shol) be held br the Mo~t~apee. All detailed de:iynotions br the Morfqapor which a~e aetepted br the MortQa~ee and oll opre~enents bNween Mortpoqor ond MoN~agee relatin~ to inwronce, now existinq o? hereafter mode, sFwll be in writxp ond sholl be a paH of Mis mo~t~a~e o~r~emeM as fully os tlwu~h sef forth verbotinn herein ond shall ~ovem bofh parties herato ond their wctessors and ossi~ns. No lien vpon any of soid pOlicies of iruu~onts or vpon anr ~ refund or ~etum premium which mor be peyeble on the canc~lletion o~ tenninatioe M?ereof, shalt be ~iven to other thon 1ha Mort- ~ayee. extept by Proper endonement ofFixed fo wd~ polity and opproved br Morfqapee. Each policy of inwronce sholl have ~ ofFixed thereto a Star+dard Mortpa~ee Clause oaeptable ro the Mortqagee, +~+akin~ oll lou or losses under suth poliry paroble to Me Mortpa~ae os its iMerest a?or oppecr. M Ihe ever~t onr wm or wms of naner betome poyable Merevnder the Mortqoqee sholl fwve Me option to receive and opplr fhe some on aaoouM of Ihe indebfedneu hereby seared, or to permit the MortyaQor to rKeive and use it, or any parf the?~of, without thereby waivin~ o~ impairin~ any equity, lien or riqht under ond by virtue of this mort~aQe. In eveM of loss or phrsicol danwpe to the na~tqaq~d prop~rty Me MonpaQor slwll qive immediate notice M+ereof by mail to the Mortpa~~e ond the Mortqo~ee nwr nwke proof of loss if the san+e is not made pranpNy by the Mortqa~or. In event of foreclowre of this mort~a9e or ofher iransfer of litte to the mortQayed property in extinquisliment af tha indebtedness secured herebr. all riqht, tiNe ond interest of the Mort9aqor in end fo ony inwrance policies then in fo~ce shall poss to fhe purd+oser or qrontee. Upa+ oe~r d~fouk thereaf, the Mortpoqee nwy (but wiMwut obliqotion on its port so to do) ploce insuronce on wd+ buildinps and pay the premiwn and dwrpe wd~ wms so paid to the Mo~tqo~or and wch sun~s of nwney so paid shall bea~ interest from the date of parment at the rate of~ per centum~ per annum. ' Eight and three-quarters~ (8-3/4X) FOURTH: Thot all wms of money paid or caused to be paid by the Mortqaqee under the terms of Mis nwrtqa9e and herein specifically provided for, and indudinq any experues inturred br the Mort~a~ee in coltection of the sum secured br this ria?t~oQe, shall be oovered by the fien of this mort9ape, the same as the wms of money tepresenfed by the rate which th'n mortpape setures. RFTH: To permit, cominit or w~Fer no waste, impainnent o? deteriorotion of said property, or ony port thercof, and upon the fai(ure of fhe Nbrt~a~or to keep Me buildirps on soid propertp in ~ood oondition of repoir, the Mort9agee moy demond Me ; immediate repair of soid buildi~~s, or on increose in the anaunt of securitr, or the immediote repoyment of the debt herebr secured, and the foilurs of the Mortpo~or to oomply with soid demand of the Mo~t~a~ee for o pe~iod of Afteen (151 doys shall ~ constifufe o breach of this naRpope, and, at fhe optwn of the Mort9o~ee, immediotelr moh?re the en?ire unpaid printipal end r interest hereby secured, and the Mortpapee nwy, without notice, institute proteeding: to foretlose this tnort9aqe, and apply fo~ ~ the appointment of a receiver, as hereinofter provided. SIXTH: That the Mortgayor hereby promises, oovenants and a~rees to pay the sums of moner and interest as mentwned ~ in said promissory nofe, togefher with any and oll other wms justly due and owir?y the Mort9a~ee by the ?erms therein, and secured ~ to be paid as stated therein pranptly when due. If default shal: be made in tha parn?ent of the said wms of n~o~?er o? o^r pan thereof os provided in the soid note or this n+ortqo~e, o? if the interest that may becane due thereon or any poA thereof shall be ~ in defoult and unpoid for o space of fifteen (1S) dars, or should the Mort9a~or breoth or foil to tanply with any other oovenant or oyreemant on the part of the Mort~aqor to be compiied with (in those cases in which the option of the Mort9a~ee of aaelera- F i twn is nof otfierwise expreuly provided herein) and suth breoth or non-compliance continue in existence for o spoce of fifteen (15) i daps, then o~+d from thenceforth, ot the option of the Mort~apee and withovt nafice to the Mo?t~a~cu. the wFwle of said principol i sum ezpressed in said note, to~ether with ati othar sums therein as well as herein provided for, sholl become immediotely due ond poyeble, without notice to Me said MoKyc~or. . ~ i SEVENTH: Tha? in cose it"shovld become necessary to place this mortqage and the note secured hereby or either of them, in the honds of on atforney for collection, fhe said Mortgayor covenenh and agrees with the Mo?tgagee to pay all costs, charges and experues of such collection, incl~din~ reasor+able attomer s fees whether wllected br fo~eclosure or otherwise. ~ E~GHni: Thot, in the event ony suit is brought upon this mortgege, whether to forecbse it, to refwm ;t, or otberwise, ond;~or to enforce poyment of any claim hereunder, the Mo~t~aqee mey apply to ony court hoving jurisdittion thereof for fhe ~ appointment of a receiver of said morfga~ed propertr, as well os fhe income, profits, issues ond revenves thereof, and the soid ~ ~ ' : - P r i ~ ~lt~E , ~