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<br /> INSIIIIIIIIIIIIWW1111.1111”
<br /> ry 76- lnnll� finn8 25 1 .
<br /> F, ! ' ' 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 THt MORTGAGOR, 010
<br /> `yfc EVIDENCED , Br A SUPPLEMENTAL NOTE" OR' NOTES OUT_ IIETOThL' INOEBTEDNESS SECURED BY 'FNI5 ' MORTGAGE SNAIL flat :
<br /> 1^ , EXCEED ONE HUNDRED TWENTY (120) PER CENT OF THE AMOUNT NOW OWING, EXCEPT FOR ANY ADVANCES THAT MAY REMADE • !
<br /> TO PROTECT THE ' SECURITY- IN .`ACCORDANCE WITH . THE: TERMS OF. THIS ' MORTGAGE. . , , i
<br /> rl` til MPRTGAGUR � .4MITI1gR " COVENANTS AND AGREES; 1
<br /> • . That the MoHgngor sill pay thn hnlehtiIiete1 na hereinbefore provided: (
<br /> 'Phi*# Una Mertgagpr in rho owner of said property . in fee simple and bus goal right and lawful authority, to sell nna. i.
<br /> - minvev aha -stung nm# that rho titin is trap and clear of any lien orenctimbrnna'; and thin Mortgagor will warrant and defend the :
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<br /> ' tillo to Said premia?as : against the' claims` of, all ypersons whomsoever,
<br /> To: pay immaliuf-t when due and-payable all general touts, special 111)(04, special assessments; water ehnrges, sower sere.= i
<br /> 1' , ice chargest#; inother taxes gad charges against said Propetiyt and till 6txes levicd- nit the debt -sceured, herehv, trod to furnish tiro r
<br /> $,E Mortgagee upon 'vainest, with the original Or duplicate receipts therefor. . The Mortgagor agret' that thew shall die . tnitted :te i
<br /> � each monthly payment required.hereunderorunder the evidence of debt secured hereby_an .wnmunt estimated by , the , Murigage°
<br /> T..., , to be sufficient to enable the Mortgagee to pay, ria they become due, nil bows, assessments. and sinil'Ar charges upon the prom. i
<br /> Iaeasubjed thereto; any deficiency because of the inauITieinicy of such ndrbtioaal payments shrill he Mahwalh deposited by the . , !
<br /> - Mortgagorwith the Motlgageeupon dem:und by the Mortgagee. Any delimit ruder this paragraph shall be drooled n default lit , i.
<br /> d;; payment . of faxes; nsmo?smenla, or similar charges required hereunder.u
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<br /> r:„ The Mortgagor agrees that there shall iIsm ba added to curl monthly payment ?f principal and interest . required here,- , I
<br /> ` under an amount estimated by the Mortgagee to be sufficient to enable - the Mcrlgngvo to prey, as it becomes flue, the iusuruntt" , (
<br /> premium on any inmormato policy delivered - to the Mortgagee. Any deficiency Immunise ise of the invulhciettcy et such additional plty "4
<br /> meats- .shrill , Ito forthwith deposited by the Mortgagor with the Mortgagee upon demand by the i\turlgngee. Airy - deftultunder ' this - `j
<br /> paragraph shall . Ire deemed a default in the pa vu in it of iteiti ratu:o pn•nlituus. It the }silky or polities ehpmsit et are such its fouls• - 1
<br /> ( owners or all risk policies: and the deposits ore insufficient to pay Ifo entire premium , the Mortgagee may toothy the . deposit .to ', !
<br /> pay pentiums on risks required to he insured by this mortgage. , '
<br /> Payments made by the Mortgagor under the above paragraphs may , at the option u( the Murlgagee, . be held by itruul-.
<br /> tumntfngled With other such funds or its Own funds for t! ' payment of such items, and until no applied, suck- pnynu'nts an , iu• rtliy:
<br /> pledged ns security for the unpaid balance of the mortgage indebtedness_ -- i
<br /> To procure, deliver to, and nuthrtiuili for the benefit of the Mortgagee during the life of this mortgage original policies ansfI't -
<br /> ' - renewals UoriM,f, delivered at least. len days Indere the c>, pinition of troy such policies, insuring agunutft re• and oilier insatiable
<br /> k•, inrnrds, casualties, and contingencies as the Mortgagee may require. in nn amount equal to the indebtedness secured by this : ', 1
<br /> ?..1• ,, Mortgage, t11111 in companies acceptable to the Mortgagee, with loss payable clause in favor of and in form mYeptiible to the Murtgat
<br /> geek, Intheevent any policy is not renewed on or before ten hays of its expiration, the Mortgagee may proeure insuranceon the,
<br /> tic, improvements, pay the premium therefor. and Hoch yam shall become inaaedheloly due mid payable with interest at the rate met .
<br /> ,: forth in said note until paid and shall be mooned by this nortgnge Failure on the part of the Mortgagor to furnish such renewals-
<br /> tis are herein required or failure to prey any sunts advanced hereunder shall. at the option of the Nmrlgegee, constitute a default
<br /> t}° under the terms of this remortgage. The delivery Of such policies shall, in the vomit of default , constitute on assignment. cd- the um ;:
<br /> 41. earned premium,
<br /> ? : Any . sums received by the Mortgagee pre ronsmn of loss or daintier, insured against may ho retained by the Mortgagee
<br /> and applied toward the payment of the debt hereby seemed, or. at (he option mf the ?Mortgagee. such sums Tither w )iollyor' in . .
<br /> part may. be paid over to the Mortgagor to he used to repair such buildings or to build ' new buildings in their plate in for any
<br /> other purpose or object satisfactory to Ifo M•.,rlgugee without affecting the lien uu the mortgage for the lull amount secured here
<br /> by before such payment ever took plume -
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<br /> •I'o promptly repair, restore or rebuild any buddies:it or improvements time or hereafter ire the premises which may bo•
<br /> tome damaged or destroye11; lo keep Said premises in gaol condition and repair mid free hum any nmchnait'n lieu Or other lien or
<br /> claim of lien not expressly xu{xrrdinnlyd to the lien hereof: not to suitor or permit nnv uuL1w•lul use of or any uuisuace to exist on
<br /> said property nor to permit waste on said premises, nor to do any other art whereby the Irrupetty hereby conveyed shnll . becoule.
<br /> less valuable. nor to diminish or impair its vuhu` by any nets or omission to :u•t, to comply with all requirements of Ica' with . n•Mpcct .
<br /> to the mortgaged premises and the use thereof.
<br /> That shotilnl the premises or any part thereof Is' taken or drnnaue4l by reaeson of any public improvement or rutiilei naliolt
<br /> proceeding, or .under the right of eminent domain, or in any other manner. the Murtengee shall be entitled to all comnpensations,
<br /> awards, and any ether payment or relief therefor, and shall he entitled . at its gonias, lu eoomonte, appear In and prosecute in its
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<br /> own mune any action or proceeding, fir to make any compromise or settlement in connection with mush taking or damage. All such
<br /> ... compensation. awards, dnnages, right of action and proc. eiln nre hereby assigned to the . Mortgagee, who may . after deducting
<br /> therefrom all its expenses. release arty moneys so received by it or apply the manic on any indebledneH,i secured hereby , The Mott.
<br /> gager agrees to e.xt'c tto such further assignments of tiny oompritsnliun , awards , damages, and rights of artinn 11»d proceeds AS the
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<br /> Mortgagee may require.
<br /> 'That in case of failure to perform any of the envenoms herein, the Mortgagee nuty do on the Mortgagor's behalf everything
<br /> L. so covenanted ; that the Mortgagee may nano du nay ail. it may deem necessary to protect the lien thereof: Ihrtl the Atorlgagcr will
<br /> repay , upon. demand any money" paid or disbursedbythe Mortgagee for any of the above purpose", find such moneys together with
<br /> ) ' inWreM. thereon at the rate provided in said nate shall heeeme so much additional indebtedness hereby merured 10111 May Is hl .
<br /> eluded in anydegree foreclosing this mortgage and be paid out of the rents or pnsteeds of ride 411 said premises if not otherwise
<br /> paid; that it R111111 not be obligatory upon the Mortgagor In inquire into the validity of nnv lien, rncumhrances, or slain in nd-
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<br /> wincing money" amaboveauthorized. but nothing herein contained shall be cnusirued nM requiring the Mortgagee to advmien atiy
<br /> moneys for any such purpose nor to da any net hereunder ; and that Mortgagee shall not incur any personal liability because of any . .
<br /> t, , - thing it may do or omit to du hereunder,
<br /> In the event of lam default by Mortgagor h1 the payment of any installment . nM required by the Note secured hereby. or '
<br /> in the performance of the obligation In this mortgage or in the note secured thereby. Ile• Mortgagee shall he entitled to declare the
<br /> ddebt twinned- hereby duo and payable without notice, and the Mortgagee shrill he entitled at its option. without notice. either by itself
<br /> ,r - - or by H . recaivet In Ivo appointed- by the court thereof, and without regard to the adequacy of arty security for the indcblethemet 14e-
<br /> ' - cured hereby... to- enter a aot, and fake possession of the mortgaged
<br /> �. y 1 Jpremises , and to collect mid receive 11w main, issues and profits
<br /> lhereeff , and apply UM SAMOA leas cults of operation and collection. upon the indebtedness secured by this mortgage ; sold rents,
<br /> a • .issues and preflttrbeing hereby assigned to the Mortgagee as further security fur the payment of all indebtedness secured hereby:
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<br /> The Mortgagee "hall have the power to aploinlany agent or agents it may desire• fur the purpose of repairing said prem -
<br /> - isos;. ranting the suint a jteding •the renis. reVelllle" mild income, std ittray pay out of said income all ex peaseM ince rtnd in lent-
<br /> f.',.; ing.-nnd-mmnaging- , the same and of collecting the rentals Ilcrefnon. The balance rvuaunmg, if any , shall be applied toward the
<br /> rr• • clinchurgia,;of Aha mortgage indebtedness.ss. This assignment is Ia terminale and Introns null and void upon retrain. of Ihis niorleage.
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