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P r . . L 14 71 1 76- 00 .1028 THIS MORTGAGE IS ALSO TO BE AND CONTINUE TO BE, FROM TIME TO TIME, SECURITY FOR THE PAYMENT OF SUCH SUM OR SUMS OF MONEY AS THE MORTGAGEE MAY FROM TIME TO TIME IN THE FUTURE ADVANCE TO THE MORTGAGOR, AND EVIDENCED BY A SUPPLEMENTAL NOTE OR NOTES, BUT THE TOTAL INDEBTEDNESS SECURED BY THIS MORTGAGE SHALL NOT EXCEED ONE HUNDRED TWENTY (120) PER CENT OF THE AMOUNT NOW OWING, EXCEPT FOR ANY ADVANCES THAT MAY BE MADE f ^ TO PROTECT THE SECURITY IN ACCORDANCE WITH THE TERMS OF THIS MORTGAGE. Cis , a-„ THE MORTGAGOR FURTHER COVENANTS AND AGREES : • `i` _ That the Mortgagor will pay the indebtedness an hereinbefore provided . d . That the Mortgagor is the owner . of said property in fee simple and has good right and lawful authority to sell and convey the same and that the same is free and clear of any lien or encumbrance: milt that Mortgagor will warrant and defend the J,. title to said premises against the claims of all persons winnnsoever. if ,: TO pay immediately when due and payable all general taxes , special taxes, special assessments, water charges, sewer serv- 1; " = ice charges. and other taxes and charges against said property, and all taxes levied on the debt secured hereby. and to furnish the > '' Mortgagee, upon request . with the original or duplicate receipts therefor. the Mortgagor agrees that there shall be added to each monthly payment required hereunder or border the evidence of debt seared hereby as mnuunt estimated by the Mortgagee to he sufficient to enable the Mortgagee to pay . as they become due, all taxes, assessments, and similar charges upon the prem- F . ises subject thereto; any deficiency because of the insufficiency of such additional payments shall be forthwith deposited by the Mortgagor with the Mortgagee upon demand by the Mortgagee. Any default ander this paragraph shall he deemed a default in payment of lazes, assessments, or similar charges required hereunder . gi The Mortgagor agrees that there shall also be added tO each monthly Payment of principal and interest required here- under an unutioat estimated by the Mortgagee to be sufficient to enable the Mortgagee to pay . as it becomes duo, the insurance iv premium on any insurance policy delivered to the Mortgagee Atty deficiency because ed the insufficiency of such additional pay - . meats shall be forthwith deposited by the Mortgagor with the Mortgagee upon demand by the Mortgagee. Any default under this ', paragraph skill be deemed n default in the payment of insurance premiums. If the policy or milieu's deposited are such as home- owners or all risk policies. and the dt•pacits lire insufficient to pay the entire premium , the Mortgagee may apply the deposit to pay premiums on risks required to he insured by this mortgage. 's Payments made by the Mortgagor under the above paragraphs may. al the option of the Mortgagee. be held by it and cc numingled with other such funds or its own funds for Ow payment of such idents , and until so applied. such payments bre hereby ii pledged as security for the unpaid balance of the mortgage indebtedness. TO pr won•, deliver to. and maintain for the benefit of the Mortgagee during the Me of this mortgage origmat putietes and renewals thereof, delivered at least len days before the expiration of :any such policies. insuring against fire and oilier insurable hazards, casualties. and contingencies as the Mortgagee may require. in an amount equal to the indebtedness securer) by this Mortgage, and in companies acceptable to lar Mortgagee. with hiss payable clause in favor of and in forma acceptable to the Morlgn- gee . In the event any pulicv is not renewed on or before ten days of its expiration . the Mortgagee may procure insurance on the. ', .: improvements. pay the preunum therefor, and such sun shall became immediately due and pnvable with interest at the rate set forth in said note until paid and shall be secured by this mortgage. Failure on the part of the Mortgagor to furnish such renewals as are herein required or failure to pay any sums advanced hereunder shag , tit OH' option of the Mortgagee. constitute a default under the terms of this mortgage- The delivery of such policies shall . in the event of default . constitute ria assignment of the un- earned Premium. Any sues received by lhr Mortgagee by reason of loss or damage insured against may he retained by the Mortgage: and applied toward the payment of the debt (hereby secured . or, at the option of the Mortgagee, such sums either wholly or in part may be paid over to the Mortgagor to he used In repair such holdings or to build ne•w buildings in their place or for any other purpose or objeet .satisfactory to the Mortgagee without affecting the lien on the mortgage for the hill amount secured here- hv be(ore such Payment ever teak Pince • To promptly repair. restore or rebuild may buildings or Inpruvenrnls now or hrrealter . nn the premises which may le•• - conte ehamnged Or destroyed ; to keep said premises is ges+d 'condition and repair and free from any nwcbmric•s lien or other ben or claim of lien not expressly subordinated to lav lien hereof ; not to suffer or permit any unlawful hue til lir any nuisance to exist on said properly nor to permit waste on sidtI premises. nor to do any of her set whereby the property hereby conveyed shall become less valuable. nor In diminish or impair its value by :HIV act Or nnhiS'inn In act : to congrir with all rrquirenhenN of hnw with respect to the mortgaged premises and the use thereof . 'that should the premises or any part thereof be taken or damaged by reason of any public improvement (Jr conrlrnuuaion proceeding, or under the right of eminent domain , or in any other manner. the Mortgagee shall be eolith(' to all compensations, mounts, and any other payment or relief therefor. and shall be entitled . at its option. to commence. appear in and prosecute in its ��;. a own name any action or proceeding, or to make env compromise or settlement in connection with such taking or damage. All such compensation. awards, damages. right of action and proceeds are hereby assigned to the Mortgagee. who rimy- after deducting L. therefrom all its expenses. steric any numevs so received Iry it or apply the stone nn any Indebted nes,, secured hereby . ' Fbr NIor1- gagor spires to execute such further assignmenk of tiny compen +alien , awards, damages. and rights of action and proceeds as the Mortgagee may require. That in case of failure to perform any of the covenants herein . the Alortgagee rimy do on the Mortgagors behalf everything fir- so covenanted ; that the Mortgagee may also do tory act it may decor to ct ssary to protect the lien thereof : that the Mortgagor will ( repay upon demand any moneys paid or disbursed by the Mortgagee for any of the above purposes, and such moneys together with inti net thereon at the rate provided in said note shall lineae so much additional indebtedness hereby secured and may be in- elude( in any decree foreclosing this mortgage and be paid out of the rents or proceeds of sale of said Premises if not otherwise M • pair) : that it shall not be obligatory upon the Mortgagee to inquire into the validity of any lien. encumbrances, or claim in ad- vancing moneys as above authorized , but nothing herein contained shall be construed as requiring. the Mortgagee to advance any L • moneys (or any such purpose nor to do any act hereunder: and that Mortgagee shalt not incur any pe rs inn) liability beesnuo of any - ' thing it may do or omit to do hereunder. I. lc •yes' , In the event of the default by Mortgagor inthe payment of any installment , as required by the Note secured hereby. or • 4 '_ . in the performance of the obligation in this moat Fuge or in the note secured thereby, the Mortgagee shall he entitled to declare the i1 debt secured hereby due and payable without notice, and the Mortgagee shall be entitled at its option , without notice, either by itself to Or by a receiver to be amminted by the eau rt thereof. and without regard to the adequacy of any security for the indebtedness se- y . . : curet hereby , to enter upon and take possession of the mortgaged bremiseS, and 9(0 collect and receive the rents. issues and profits c : thereof, and apply the same, less costs of operation and collection. upon the indebtedness secured by this mortgage: said rents, 1:!. . sissues and profits being hereby assigned to the Mortgagee as further security for the Payment of all indebtedness secured hereby. The . Mortgagee shall have the power to appoint any agent or agents it may desire for the purpose of repairing said prem- ise's: renting . the same; collecting the rents, revenues and income. and it may pay out 4)1 .said income all expenses incurred in rent - ing and managing the sane and Of collecting the rentals therefrom. The balance remaining. if any shrill he applied toward the ,' discharge of the mortgage indebtedness. 'Fhis assignmentis to terminate and hernnm• mill and void noon rel Pave of Ibis me rig a ge.