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<br /> 11;b1 i 'r THIS MOItTGAOE . IS ALSO . TO HE -ANO :.CONTINUE TO BE, FRDM 'TIME - TO TIME, SECURITY ron THE ' PAYMENI' OF SUCH
<br /> SUM OR SUMS OF MONEY AS THE MORTGAGEE MAY FROM TIME TO TIME IN THE FUTURE ADVANCE TO 111E MORTGAGOR, AND 1
<br /> (f▪ ...,-..',. EVIDENCED CY A SUPPLEMENTAL NOTE OR $*ir.$, BUT THE TOTAL INDEBTEDNESS SECURED BY , THIS MORTGAGE SHALL NOT
<br /> EXCEED ONE HUNDRED TWENTY '(120) PER CENT OF,THt.AMOUNT NOW- OWING, EXCEPT FOR ANY ADVANCES THAT MAY RE MADE . . . ..
<br /> ; TO PROTECT THE, SECURITY ; IN, ACCORDANCE WITH THE TERMS OF THIS' MORTGAGE.,
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<br /> tor, (X)VENAN'i'N AND ' AO1;EES : •
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<br /> that the hYlgagor will pay the ,indebterlaens as itetrfulte{Ole provided .
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<br /> r Teat the Atortgagur el• the Owner of geld property hi ren simple noel has . goad right awl lawtill autlu,dty to soil and
<br /> e g imnvey lhb'satne ndtl,that the 4erne is free and clear. nf any lienor eneunditancv; and ihat : .Mortuagor will lvntrnttt awl dafrhif (he
<br /> litikald•; tlidle do , said premis'aagainst thu dooms '.yf( all persons wheanfleewer,
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<br /> r , lin: 'flay hoinierdtaleiy, when IMO and payable till gehetxil taxes, special taxes,s , upon nil rta}t'A5ntents water 1 h rges, 9 wer n ' v.,
<br /> it i!'O Charges, • arall other bases oral t•harge?e agoittst said property , acid all nixes levied oh the debt secured hereby, and to furnish Out
<br /> nlbrli;agee,' tri on tctjiiexl, with ilio original or rluplitok t weipi,y therefor. I'he khirluugor agrees - that there shell he. added . to
<br /> f� ,t • chyli Monthly payment required hereunder or huller ( he evidence of debt secured hereby ananunnd estimated by the Mortgagee?
<br /> � L ta •lxr - sultietent to enable the M ,ttgalice to pay, (is they hi'eome due, all taxes, a seasinents, mol similar charges Mum the tineas,•
<br /> ?r `I isys sulde ?4. ' tbat hi;. arty drfivitncy because of the insufficiency of much additional piiyments shallbe fntthwith th•liosilyd by ilto
<br /> . 1‘-t" 1: ' Mortgagor WI(It the MoHgagee; a ,oat demand by the Mato ge t. Any default under this parasraph shall be deemed n default in
<br /> ; - payment of taxes_ nsaes,ntnftts, or similar charges required hereunder:.
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<br /> P :::. The Mortgagor ngraes that there shall also he added lir e'nch monthly tniyment of principal nod interest required here-
<br /> s . : A ` under an mniutut esliiiated try the Atu rtgageu . ac he, suilicient in rtiallle theMortgagee to pay . ;n it becomes due, the inaur81WD •
<br /> premium on miry insurance policy delivered to. the . Muttgageo . Any deficiency because of tate hisn (Ii iv!ry of such mlditiortol . :pay -
<br /> tweets eltall be lor( Mvilh deli»Hud by idle \lorlrntror with the Mortgagee upon demand by the- \i rtgauee . Any default under this
<br /> ▪ : `. paragraph &hail he deemed a th=fauil to the payment of insurance overnimits. II the IMicy or policies deposited are swill its harm. It .
<br /> titwnonr: or nil risk policies, mod the deposits are insufficient to pay the (-Mire pretttiwn, the Nlor ( gngF'e (nay ;gull:y the deposit In
<br /> y : pay premiums on risks requited to be insured by this mortgage.
<br /> lg.:: 1'ayniertt tirade by the Mortgagor tinder the (drove ptunurnpbs may, at the option of ( 1w Mortgagee, he held by it and
<br /> enauningled with other such toads or ala own (unit- for this li1ynent of rant Heins, and until so applied. such payments me hereby
<br /> ; pledged as sceurily for the unpaid balance of Ow mortgage indebtedness. • - -
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<br /> ' t '1\) 1)1.001W1 delivelr - to, and maintain for the benefit of the Mor(gngee dining the life of this narigetge original polieiea untl
<br /> "c . , renewals- thenad, delivered at least ten dens before the. ekpirittion of iiny much policies. insuring against fire and other ii iirnhht -
<br /> Itntartlx; riesualtic~, - and . contingenciaa : (VI - the Mortgagee natty require, in an - uniuunt _equtl to the indebtedness seeure4l- by -,this
<br /> r. 1 Mtertuitge., and hi companies ituetgnable to the Mortgagee. with 10us payable clause pt htvor or and in Mm ae•ceptnble to the Murlga-
<br /> t Vii• • °e. In the event nag' policy is not renewed Oil or lieforc ten dor; of its expiration.tiration. Illy \fortun c wilytrocure ins
<br /> k 1 )' Y f tt . 1 insurance Hoche
<br /> improventenls, pay the pteatienrt therefor. and inch 411111ail become immediately. due and pnyalde with tautest I I the tette Pet
<br /> , r, . . forth in said note until paid and shill he secured by this mortgage. Faehro oh Ile pent et thy i\brttgngor to furnish seu:lt renewals
<br /> ag are herein required air failure to pay any stony ndvanu?d hereantle'r :°ball, at the option of the MiIttgagee. runxti (eite n default
<br /> `tinder the Immo u( this ininfutige, ?rho delivery of soil; varies shall . in the °vent - uf default cnnsiilutu an assignment of the um .
<br /> • ' tented ptefidtelt
<br /> - Arty sums (.hived by the Ntortgagee In reason f loss or (la/nage insuhd agnuhsl miry be t elaitted by the ,Nlottgagetr
<br /> ttin ' and applied toward the payment or lite deb( hereby scented , or, tit Ow option Of the ;mortgage . , soda st) n3
<br /> eitherikltdiv of ?n
<br /> part may by pail' over to Ow \lurf.gaget to bre inset' 10 n' pair arfcli L'uildnua' nr to build ' new buildings ill 1111111" pence or bit any •
<br /> other purpose or chalet satiMInetor.v - to the Mortgagee edition ( affecting thee tiro un the mortgage lot the hull amount socetre.d lime.
<br /> by before knelt ittyatent elver lextk - place
<br /> 't'o ltiomplly liquor. restore orrebuild any 1!eulding5 or impruvvulnuix now or lo'iemflrr on lite prun4err wleichlnay L'e -
<br /> conte damaged or rlestruyed : to keep -said pnduises in turd rondeteon and repair and treo from Mlle 1111i:lenuit 's lien or other lien or
<br /> claim of lien not expressly - sulnerdinctled to the lien hereof; not to super or permit any unlawful use of or any . - nuisance to exist on
<br /> said iwoperlyc nor to posit waste 1311 matt' prctnIs._s, nor to di) any other actsvhereby- the property hereby cotneypd shall becoue
<br /> less valuable. nor todiminish or impair its mine by any act or omission to mc1 : to eougdy with all reituireutentis of law with nesl>ect
<br /> to the mortgaged prttuisrs Md ( toe use thereof.
<br /> '1'Iii: teil should the ttnentisert or any part. theianf be taken or damaged by reason of aur public iutiuove'rnenl or condr11nutlion
<br /> proreeditig, or ureter. the right of cumimsd dornttitl, or in miry ether . no:uuoer, the Mortgagee shr111 Ix' e'ufllcil in all rhrnpensatlunv. •
<br /> nwn'nisu nut' any ether payment or relief therefor, and shall he entitled , at iia option, Io rotnntencr, appetir in and prosecute ire its
<br /> owit mtnle any action or prim:veiling , or to make any nnnptornise or settlement hi eenne,diun with sorb bikini: ut rh,ninere All Belch
<br /> ( nntpetosation. awards, Menage .. , richt hi faction rind proceeds are hereby teesit:tied to the \ lorlgngee: wit) may% afipr llorluelhu:.
<br /> tlteh(nan nil Its iexpeuaea; telkiste any tnnieyn sn received by it or apply the sane 1111 uhy lndebletm'°s encored heteby. Tlire Mort -
<br /> gagor agreesd5 exectute . amill Chillier assignments of tiny compensation. awards. daniaga4, nod riidit, r t netinn and priN:e„tic ai flip
<br /> t33 : . ' Atortgnt;ce may reiplirn,
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<br /> Thai in case of failure to perform any of the covenants herein, the Motlg:gee utny : do cin the Murtgngur's behalf everything -
<br /> 3u, rovenunled: that the \lurtungee may also do any actitstay dren% necesnnry to United the lien Ihatenf: that the Mnr(gnger will • >
<br /> repay upon denim' any moneys paid or disbursed by the Murlgugey for any of the above purposes. awl such Moneys together with d
<br /> iriterest - theta-am at the rate provided in said Mote shall become so halr: II additional trutehte, hue?s herebynecked mail roar I'r iii -
<br /> _ eluded in tiny decme fons?losinu - tine murtgngo and be pied out of the reals or proceeds e,f sale of said premivru it idiot utherwis+'.
<br /> Raid: - that - It shall not be ohlignldt._v ripen tutu MoNlttiger In inquire colo - the % Andel ~ of ant lieu ; vncunibtunces, ur clrant iii ni
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<br /> vatting ntonoys as abui'o authorized , but nothing herein conhiinud shall he construed ay requitinii the Aiorigrigce to advmtcp way •
<br /> ` . - twnfeys fur any laleit purpose nor to do any net hereunder : and that Mortgagee shrill lint input 1111 %' erraonnl IinbilItv tcrreian' of air•
<br /> thing' of may : tin in omit ti, do herPumier.
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<br /> ' art the- event of time defmdt by MiHangor in the payrtteial of troy installment , us ternary, ' br ( lie lJob' ;vented hereby, of
<br /> in the perfurintiete oftheuIHgaliun in lids mortgage or hilly note seemed thereby . the Alottgagee stout be entitled to declare the
<br /> ii- ilrbt. seeured hereliydue and payable without nature, awl the \tprtgagee Ghali be rotilled at ifs option. without indict' . either by ifself
<br /> ler by a '. receiver hi be appointed by the court thereof. Emil without regard to the adequacy of auv security for ( le intlehlednc',ss ce,
<br /> : -curet hereby, to enter upon awl take possession of the mortgaged premises, and hi roiled anti re :eire the rents, Issue$ and tamps .
<br /> : thereat; and apply the pntne; less costs of operation nod nillecleuti , main its indebtedness secured by this niotigate ; . said roots ,
<br /> issues arid priRLs being hereby ((Reigned to the Morlgsgve as frlrtliei sreetrHy for the itnv'ti,cnt of ail Iadpblydoo a socorerI honobi . .
<br /> The Mortgagee shall have the puweriu appoint any agent or agents it unto desire for the purpose til repotting said inerno
<br /> t' ' 114°411 tenting the motel collec'Ung ihv rents, teventiee nod enconte. and it limy pay out of said income all mita: nse.; panni-avid in rant -
<br /> - inti rind managing thy same mid or cutlet:l.ion the - rentals- therefrom . 'I'b° balance remaining, if airy, shall he npplted bnvetd tie
<br /> discharge cit Ow mortgage. inrlyblerlitees. 'Phis nsvighmend is fit le' rminnle sed Imrnnii 111111 111111 V11id 111111,1 release ed Ills inuHririge .
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