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<br /> THIS MORTGAGE IS ALSO TO BE 'AND . CONTINUE TO BE . FROM TIME TO TIME, SECURITY FOR THE PAYMENT OF SUCH
<br /> SUM OR SUMS OF MONEY AS THE MORTGAGEE MAY FROM TIME TO TIME IN THE FUTURE ADVANCE TO THE MORTGAGOR. AND
<br /> •e EVIDENCED BY A SUPPLEMENTAL NOTE OR NOTES, BUT THE TOTAL INDEBTEDNESS SECURED BY THIS MORTGAGE SHALL NOT
<br /> EXCEED ONE HUNDRED TWENTY (120) PER CENT OF THE AMOUNT NOW OWING, EXCEPT FOR ANY ADVANCES THAT MAY BE MADE
<br /> TO PROTECT THE SECURITY IN ACCORDANCEWITHTHE TERMS OF THIS MORTGAGE.
<br /> FirTRE MORTGAGOR 'FURT'HER COVENANTS AND AGREES :
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<br /> ' " That the , Mortgagor will pay the indebtedness as bereinlxrfon+ provided,
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<br /> t . That the . Mortgagor is the owner, of .saidproperty . in fee simple and bus good. right and lawful authority to sell and
<br /> Y. . convey the same and - that the same is free end clearof arty lion or encumbrance: and that Mortgagor . will warrant and attend the -
<br /> fitle to said premises against the claims of all peraema whomsoever.
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<br /> To -pay immediately when due and payable all general taxes special taxes , special assessments. water charges, sewer sery
<br /> ice chargetts. and other • t,axes and charges against said property . and all taxes levied on the debt secured hereby , and to furnish the
<br /> 114ortgagee, upon request : with . the original or duplicate receipts therefor. The Mortgagor agrees that there shallin added to
<br /> each . monthly payment required hereunder or ander tlt: evidence of debt secured hereby an amount estimated by the. Mortgagee
<br /> tote sufficient to enable the Mortgagee to pay , as they become due. all taxes, assessments . and similar charges upon the prom -
<br /> ixea subject thereto ; any deficiency because of the insufficiency of such additional payments shall be forthwith deposited by the
<br /> Mortgagor with the Mortgagee ttlmn demand by the . Mortgagee. Any default under this paragraph shall he deemed a default in
<br /> payment of taxes. assessments. or similar charges required hereunder.
<br /> 'Cho Mortgagor agrees that there shall ,ckco be added to ouch monthly payment of pi-menial and interest required here- -
<br /> tetnler art amount estimated by the Mortgagee to he sufficient to enable . the Mortgagee to pay , as itbecomes dtie , the insurance
<br /> premium on any insurance policy delivered to the Mortgagee. Any deficiency because of the insufriciency of such additional pay- •
<br /> ments shall be forthwith depexsited by the Mnitgagor with the Mortgagee upon demand by the Mortgagee . Any default under this
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<br /> paragraph shall be deemed a default in the payment of insurance premiums . If the policy or policies deposited are Much as bottle-
<br /> - owners or all risk policies , and the deposits are insufficient to pay the entire Irornium . . the :Mortgagee may apply the deposit. to -
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<br /> in premiums on risks required to he insured by this mortgage. +
<br /> Payments made by the Mortgagor ' under the above paragraphs may. at the option of the Mortgagee . behold by it rind
<br /> commingled with other such funds or its own funds for etc payment of such items. and until so applied , such payments are hereby • .
<br /> pledged as security for the unpaid balance of the mortgage indebtedness.
<br /> , , '1'0 procure, deliver to , and rnaintaiu. for the benefitof they Mortgagee 'hiring the life of this mortgage original policies and _
<br /> renewals thereof, delivered at least ten days before the expiration of any such policies . insuring against tire and other insurable •
<br /> hazards. casualties, and contingencies as the Mortgagee may require, in an amount equal to the indebtedness secured by this
<br /> Mortgage, and in companies acceptable to the Mortgagee, with hors payable clause in favor of and in form acceptable to tate Morten
<br /> sr _ gee. In the event any policy iv not renewed on or Imbue fess days of its expiration . the Mortgagee may procure insurance on the -
<br /> irnprovernents. pay the premium therefor, and such sum shall become immediately due mid payable with interest sit the rate set
<br /> forth in said note until paid and shall be secured by this mortgage. Failure art the part of the Mortgagor to furnish such • rcnewals
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<br /> as are herein required or failure to pay any sums advanced hereunder shall: . at the option of the Mortgagee. constitute a default
<br /> under the terms of this mortgage. The delivery of such policies .shall , in the event of default. constitute an assignment of the un -
<br /> earner} premium. .
<br /> Any sums received by the Mortgagee by reason in utas or damage insured against may be retained by the Mortgagee
<br /> and applirsf toward the payment of the debt hereby secured . or . at the option of the Mortgagee, such sums either u• hotlyor in
<br /> part may he paid over to the Mortgagor - to Is, used to repair such buildings or to build - new buildings in their place nr for any - -
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<br /> other purpose or object satisfactory to th.. Mortgagee tgte without affecting the lien on the mortgage for the full amount secured here
<br /> 1� by before such payment ever took place. - .
<br /> ' 1'o promptly repair. restore or rebuild any huildings or improvements nn+ or hereafter on the premises w }ttch may be .
<br /> Ai] conic damaged or destroyed ; ha keep said premises in good condition and repair and free front any mechanic 's lien or other lien or
<br /> claim of lien not expressly subordinated to the lien hereof . not to suffer or perinit any Unlawful ane of or any nuisance In a ' xist on
<br /> said properly nor to permit waste orsaid premises , nor to ria . any other act whereby the property hereby conveyed shall become
<br /> f ' : . - -- less valuable, nor to diminish or impair its value by any act or omission to act ; to comply with all requirements of law witlt . respect
<br /> yyy to the mnrtgaged premises and the use theraof . -
<br /> That should the premises or any part thereof be taken or damaged by reason of any public improvement or condemnation
<br /> proceeding, or under the right of eminent domain , or in any other manner. the Mortgagee .. hall he entitled to ail compensations .
<br /> awards, and any other payment or relief Therefor. and shall be entitled , at. its option . to :mention-v . appear in and prosecute in its
<br /> own name any action or proceeding , or to make anycompromise or settlement in connection with such laking or damage. All such - '
<br /> compensation , awards. damages. right of action and pnice.•exls are hereby assigned to the \ l ortgagee. who may . after deducting therefrom all all its expenses. release any moneys so received by it or apply the Same OH any indebtedness secy. ire•d hereby I ho Mort - . ..
<br /> gagor agrees to execute such further assignments of any compensation . awards . damages. and rights of action and prone+sis as the . .
<br /> Mortgagee may require
<br /> That in case of failure to perform any of the covenants herein, the Mortgagee may do on the Mortgagor's 1 •; all everything
<br /> t: so covenanted ; that the Modgagee• tray also do :my act it may deem necessary to protect the lien thereof: that the Mortgagor will
<br /> repay upon . demand any moneys paid or rtisburlud by the Mortgagee for any of the ataove purposes, and such moneys together isith
<br /> interest thereon at the rate provided in said note shall become so notchy additional indebtedness hereby secured and may be in -
<br /> eluded in any decree foreclosing this mortgage and he paid out of the rents or proceeds of sale of said premises it not otherwise
<br /> - paid ; that it shall not be obligatory upon the Mortgagee to inquire into the validity of any lien , encumbrances, or claim in ad -
<br /> , vancing moneys as above authorized . but nothing herein contained .shall be construed 4.s requiring the Mortgagee to advance any -
<br /> moneys for any such purpose nor to do any acthereunder; rual that Mortgagee shall not incur any personal liability because of any • -
<br /> thing i4 may do or omit to du hereunder.
<br /> In the event of the default by Mortgagor in the payment of any installment . as required by the Note secured hereby , or
<br /> in the performance of the edrligation in this mortgage or in the note secured thereby , the Mortgagee shalt be , • nil Iled to declare the -- -
<br /> debt secured •hereby -due and payable without notice, and the Mortgagee shall he entitled at its optin. without notice , either by itself -
<br /> or by a receiver to be appointed by the court thereof. amt without regard to the adecptu y of any security for the indebtedness se '-'d
<br /> f - - -conned hereby.. to enter upon and take possession of the mortgaged premises, and to collect and receive the rents. issues and profits x ,
<br /> thereof and apply the +same, less: costs of operation and collection. upon the indebtedness secured by this mortgage :artgage : .aid rents, ' •
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<br /> issues and profits being hereby asaigneel to the Mortgagee as further security for the payment of all indebtedness secured hereby . r ;
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<br /> fhe Mortgagee shall have toe power to appoint any agent or agents it only less re for the puntese of repairing said prem -
<br /> . ices; ' renting the Same : collecting the rents, revenues and income . and it nuty pay outof said income all expenses innurrtv1 in rent - t '
<br /> ing and managing the same and of collecting the rentals therefrom . The balance remaining . rf nnv . .shall be applied toward the
<br /> dise•.}targe of the mortgage indebtedness, This assigamrnl is to terminate and become mill and +- c Tri upon riiirasti . d this mortgage
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