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, AND the said Mo~tqopo? h~~tby co~enonts ond oqr~~s wi~h t~~ said Mortpa~~• ot lotlows:
FIRST: That th~ Mortpopo~ is lowfullr se~:ed of ~h~ obov~ d~uribtd pr~mi~es in f~~ ~impl~ and hos pood r~phf to s~ll ond
conv~y Me san+~ to ths Mortqoqee; thot th~ said pren+i~~s o~• i~~• ond di~chorp~d of ond from oll tox~s. ~o~ titl~s or c~rtificot~~,
jud9ments, mechc~ic's liens ond e~cumbrontes of onr notu~e or kind whotsp~vt? ond thof M~ MottpoQor will fully worront ond
de~e~?d fh~ same to ~h~ Mortpoyet, aQoi~st M• lowfvl cloims ond demonds of oll p~~sons whomso~v~r, and will mok~ wch furth~r
aisu?onces to perfect fee simple t~~l~ to soid lond, in Me Monpoqes, os moy ~~osonobl• be requirtd. ond will poy M~ s~v~ral
~~ms of n,o~ey o~re•d in the ~o~d not~ ro b~ paid ond oll i~stollm~nts of principol ond interest thtreon promptly wh~o due, ond
accordinp to th~ frue te~or o~d ~R~tt of the soid not~.
SKOND: That Me Mort~opor will poy oll ond sin9vlar M~ taxes, assessme~ts, levi~s, ond encumbronc~s of ~v~~r nature _
a? Me obove dexribed propeny, ond upon Mi: nw•tQa~• ond not~. o~ M~ nwner s~cured th~reby, b~for~ delinqvency Mer~of ~
ond r~ceipb evidencin~ pcrm~nt of soid toxes, ass~isment:, levies ond encwnbronces shall b~ deposit~d with M~ Mon~oqe~ on or
before Morch 1 sf of eoch succeedin~ year durinq Me term of Mis nw?t~ope; ond if some b~ not promptlr paid when dve, the ~
Mo~~qoqee moy (w~rhour obli9ar~on ~o do so) por ehe som•, or b~come purchaser of ony lowful evid~nce th~rsof, or ce?tificcte '
therelor, without woivin9 or offectinp ony ripht hereunder ond in Mis nart~o~e, or th• said note which this mortpcp~ secures; and ~
such parmeets or ~xpenditures so made sAoll bear inte~eit from th~ dcte thereof ot ths rate of~IR~![ pe~ centum~per annun+.
nine (9X)
THIRD: Thot Me Mo?tpcpor will keep olt reol cnd perswwl property now or he~eafte~ encumbered by Me lien of this
mortqage insured as may be requi~ed from time to time br the Mo?t~a~ee a9ainst loss by Rre, windstorm and other ha:ards, -
casvaltie: and contin~enciss for such pe?iods ond for ~ol I~ss fhcn sucfi amounfs os mar be requi~ed by the Mo?t~o9ee ond to por
prwnptly when dve all premivms for such insuronce. The anw~nb of suth insurance ~equired by .Ihe Mo~tyo~ee cre expressive of ~
a+lr the mirwmum amounfs for whith soid i~nurance sholl b~ wriHen and it sholl ba intumb.ent upoe the Mortpa~o? fo maintain wch
additio~wl insurance as moy be neceuary to n~et and tanply fullr with all co-insuronce requirements contoined in soid policies fo '
the end thot said Mort~opor is not o co-insuro? therwnd~r. I~uuronce shall b~ w~itten br o tanpany or canpani~s opproved by the f
Mort~aqee and all policies and r~newols thereof shell be Mld br ths Mortpa~ee. All detoiled d~signatwns by M+e Mon9a~or
which ore aaepted br ths Mort9a9~~ and all ap~eemenb between Mortpapor and Mort~aqee relatinQ to insuroae, now existinq ~
or hereoher mode, sholl be in writinp ond sholl be o paA of this mortpaq~ a~re~n+ent o: fully a: flau~h set forth verbatim Mrein
and sholl ~overn both partie: hereto and thei? wccesson and asiiyns. No lien upon anr of soid p~licies of insuronce or upon any
refund or return premiwn whicfi may be payoble on 1h~ tentellotio~ or terminotion thereof, shall be qiven to oMer thon 1he Mort-
~ gopee. except br proper endonen~nt ofFixed to such policp and approved by Mort9o9ee. Each poliq of inwra~ce shaN hove ;
ofFixed thereto a Stondard Mo~tpe9ee Clovse oaeptable to the Mortqapee, makin9 all bs~ o~ losses w+der such policy poyable
~ ;
to the Mo~t~agee es its inferest mar appear, h the ~vent any wm or wms of moner becane parable therevnder the Mortoeqee j
shall hove Ihe option to reteive and apply the san~ on aaovnt of the indebtedn~ss h~reby secured, or to permit the Mort~epor to ?
receive ond use if, or any pa~t thereof, without th~reby waivin~ or impoirinq any equitp, lien or riphf unde? ond by virfve of. this
i mort~oqe. In event of bss or phpsicol damaQ~ to the nwrt~a9ed propertp fhe Mortqo9or sholl ~ive immediate notite thereof by
moil to the Mo?tpagee ond the Mortpo~s~ nwy moks p~oof of lou if the same is rat made prwnptly br the MortQa~o?. In event
of forecbsure of this mort~o~e or otMr transfer of titlt to Ihe nwnpa~ed prope?ty in extin9uishment of the indebtedness sacured
herebr, all ?i9ht, title end interesf of thf Morf~opo~ in pnd fo eny inwronce policies Men in force sholl poss to the pvrchoser or
i g~antee. Upon any default thereof, 1he Mortqaqee nwr (but without obli9ation on its port so to do) Place insurance on wch
~ buildinys ond pay the premiwn ond thar~e wth wms so peid to fhe MortQo~or ond such sums of money so peid sholl bear interest
~ fran the dote of perment ot the rote ofxl~t per centwn~p~r amurn. _ ?
' nine (9X) F
i
~ FOURTH: Thet all sums of nwnsy poid or caused to be poid by the Mortye~ee under the terms of this mortqeye and herein '
specificallr provided for, and indudinq aery expeesss incurred by fhe Mortqo~ee in collection of Mc sum secvred by this mo~t~a~e,
~ shall be covered by the lien of this mort~o~e, fhe soene os the sums of money represented by the note which this mortyoye sewres. -
_
FIFTH: To permit, comenit or sul~er no woste, impairn~ent or deterioration of said property, or onr port thereof, and upon
the foilure of the MortgoQor to keep the build'en~s oe soid prop~rtp in ~ood co~dition of repoir, the Mortyogee may demond the
immediote repeir of soid buildinys, or on increose in the amount of sewrit~?, or the immediate repoyment of the debt hereby '
secu~ed, and the foilure of the Mort9oQor to comply wifh said demand of the Mortpe~ee fo? a period of fifteen (1S) dors shall -
corutitute o breoch of this naMqo~e, ond, of fhe option of the Mortqayee, immedialely moture the entire unpaid principol ond
~nterest berebr secured, and fhe Mort9a~~e mor, without notice, institute proceedinps to foreclose this mortgaqe, and apply for
the appointment of o receiver, as hereinaher provided.
SIXTH: Thot the Mort9ayor her~by promises, ~venonts ond o~rees to pay the sums of money cnd interest os mentioned
' in soid promissory note, to~ether wifh enr ond all other sums jusNr due and owin9 fhe Mort~oyee by the ferms therein, and secured
I~ to be paid os stoted therein prompNr when due. If defoult shal; be made in the poyment of the said sums of moner or onr port
thereof as provided in the soid note or this nartpoQe, or if the ~nr~res~ ~hor mor bewm• due rhereo~ o? a~r parr N,ereof shall be
' in default end unpoid fo? a spote of fift~en (15) dors, or should the Mortyo~or breoch or foil to tomply with ony other tovenant
i
or o9reemeM on the part of the Mortqapor to be tanplied with (in those coses in which the option of the Mort9ayee of ouelero-
tion is not othenvise expresslr provided h:rein) ond wth breach or ~wn-complionce continue in eaistence for o spoce of fifteen (15)
doys, then and froen thenceforth, ot fhe option of the Mort~aqee and witfiout ratice to the Mortyegor, the whole of said principol
swn expressed in said note, toyether wifh all other wms therein os well as herein p?ovided for, sholl become immediately due and
poyable, without notice to fhe said Mort9a~or.
SEVENTH: That in cose it sbould become necessory to ploce this mortgoye and the note secured hereby or eithe? of them,
in the honds of en oftorney for collection, the said Mortyoqor covenonts ond aprees with the Mortyagee to par all costs, charges
ond expe?~ses of such colledion, includinq reosor+oble attorn~y's fees whethe~ colleded br foreclosure or otherwi:e.
EIGHTH: Thet, in the event onr svit is brov9ht upon fhis mortgo~e, whefher to foreclose it, to reform it, or otherwise,
and, or to enforce poyment of eny doim hereunder, the Mortyoyee may applr to ony covrt hoving jurisdiction thereof for the
appointme~t of o receiver of said nwrt~oqed propertr, es well os th~ i~come, pro~s, issves and revenues the?eof, ond the said
~~267 ~ 964. ~
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