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<br /> ! � YHIff MORTGAGE: IS ' ALSO :Tt� B� ANU CONTINIlE TO BE, FROM TIME TO TIFAE, SECi1RiTY Ft�R TFiE PAYfAENT OF SUCH
<br /> SUMAR : SUMS : OF MONEY AS 7NE . tAORTGAGEE MAY FROM 71ME T0 1'IME IN 'fHE fUTURE AOVANCE TO THE MORTGAGOR, AND
<br /> , ' EYIPENCER BY A 6UPPLEMENTAL NOTE OR NOTE5, ' pUT, 7HE TQTAL. . INREBTEqNESS. SLCURED BY THIS tAORTGAGE SHALL N0T
<br /> < EXCEED ON� HUNpRED TWENTY (120) PER CENT-0F THE AMOUNT NOW OWING, EXCEPT FOR ANY ADVANCES THA7 ►AAY 8E MADE
<br /> , t Tp PROTECT THE ":SECURITY 1N ACCORpR:�H .WITH THE 7ERMS : OF 7HIS 'MORTGAGE.
<br /> � TliE ' hi02tTGAGOR' rURTHEft COV�NAN'I`5 AND AGREES:
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<br /> ' ` i ' 'Phttk tha Mnrtsatior :witl pay the in0e6tedness ns : hercinbrfine 4xovided. '
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<br /> r � That the : D4ortga6oC5 �s . ti�u awner pf said ; property in feo si�nple nnd : hos �;ocxi rightund 1.�H�ful uuiho�ity to sell `snd
<br /> : cro�vey. thi> sumo �and that thq. same is: Iree and cicat of � nny lien or �i�nc�em6r<incr.:� qnd � that Mortgagnr will wnrrant` and rletencl� � khe
<br /> ; � � . � �itle to {seid pteiniaes ngainst� the clnima of all persons whnmsoever. ' . � � � � .
<br /> ; 1'o . pay iinmediatelq Whemdue .v�d p¢Yable n!L geneml tuaes; specinl luzes, speciul asyessments, water diarges, sewer sen�.
<br /> � icta ci�urges; and�uther taze� � und ci�arges � agllinat said ��roperty, und� aU �: tlxes� leyie�i � un�the deht xecured �� hereby; .nnd to. furni�h �� tha �
<br /> � ` M�srlgpgee, upnn : request, with the original or . �luplict+te receipis .- therefor. The_ ?�lurtgagor ugreeg thut thore shnl� 6u adde<3 tn � :
<br /> ' eaah monthly payment requirec! hereuntler u� uncter the evirleucc pf debt srxured lmrehy un .amnunt eatimateci by thr Muitgugec , `
<br /> { ta Lo au(ticient fo " enabie ffie Mortgagee to pny: us t}�ey become diie, lilLt�xes: desesamenta snd similur charges uppn the pmm+
<br /> � j ir.ea��subject �thereto; nny '. deficiency � l+ncause � of lhe � �insufficiency of 'such �ndditionxl. pnyments ghall : be - furthwith � depositc-d � by. the
<br /> �, � Mort�gugor with �. the.� Mortgaqec uP���� � �e,tiand by the :�9ortgngee. Any detault . �mdcr ihis paragraph sfiu�l t�e deemrdp �de(ault in .
<br /> , � � payment of tnxes, � aysessments,� nr similar crtarges reyvired � hcreunder. . . �
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<br /> _ .,: ' . Tlu h9qrtgagor �ng�ees dw4 there shnll �ulno . be added to cic0 � inonthly F�ayment o[ principnl and inti-revt required � hr.re• . ' , . - s
<br /> unde� un amount eatimnted by the S�forfgugee to liti suHicient ln ennbin the \forfgngee m pay, r�v it bi•comen clue, the insurance
<br /> � � � �. premium on any� insurunce policy delivezed to the . Morigagee. - Any . d�•ficicncS � becausc nt �the in9ulficiencv o( suek udditionul pap• �
<br /> � ments a6a11' be� forthwith � depo„ited � by thc Alnrtgagor .vith thc . h4ortgnqee upon � clemand � by thr.. bfortgagee. Any r:efautt � ynder this
<br /> '^� p;trdgruph ahnl! be � deemed a default in . the payment qf insurrince premiums. I ( the policy or poticics depo;itf�d . are xuch as he�mc•� �
<br /> � '� ownersorn(Irisk - P�Iic�es, � tand . thedepo5itsare � insutlicieuttnpnythe � ��atire . premium�, lhe � �lortgagee � mityapplyllie :lepositto
<br /> P�Y Prp�niumx .on. nsks� mquired to h� � msured by this mnrtRaRe• .
<br /> '. 3 - . Payments mnde � by the R7ortgngor underfhe xbove � para�;raphs � mny, at Uie . uptiom oF the � hlortgaKee, Le held � hy it. urd �
<br /> ' '� - � commingled � with other sueh fmuls or ils own funets fnr the payment of euch ilems. end � until ec� . apptied , such � pnyments uce bereby .
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<br /> . � � � � , plccigecl � �ns tiecurity fbr thc mipuid bolance of lhe moriquFe . inde6tedneaK: . : �
<br /> f, � . . � . 'Ib � �uocure; cleliver to, and mnintnin for the bcn��fit of the hi�idgagce during . lhe life o[ this mortN�t;e. originel pnlicies� anrl
<br /> � �t �, . . � renewtiLs � thereof, - deliver�Ki . ut liast � �ten dnyn before lhe expiration o[ uny such policies, insudng egsinsi. Plro and nther insur:�hle .
<br /> � hnrards, casaalties, and contingencies 89 tF10 I�QOTtSU$0C mny require; in un amount eqaul to the indeLtedness �ecared by this,
<br /> ' � A3ortgaqe, nnd in companies ncceptablc to the h4ortgugee, «•ith loss pnyable ctause in fnror of and in turm acceptahler to the blo�t;a-
<br /> . . � ger: In . the event any pulicy �� i.v . not renew��l � on or before lr, n days�� of il� ezpiratinn, the htortgagee may tirucure insur.mce: iin ihr �
<br /> 4^ � , impruvemunis. �my if:e premium thcrefor, mid such sum sl�nU bcrnme inunediately due �nnd paynbla . �cith ude rest � at the rate tiet � � -
<br /> forth in suid note � until paid and shall be securcd � by this � mortgt�t;r. Failure on the pnrt nCthe A4nrtgagm te G� rni�h nu .n rcnewals �
<br /> - � _ � �.� � as are � hemin required ur failurr. to � pssy � any Eums adv�need hereunder shall ,. at the optinn of thc titurtgatiee, cunslitutc a defnult � -
<br /> � i � . under the terms oE � this mortgage. The delivery nf such . policics shall , in - lhe � r��enf ot defouli. ::onstitute an . iassignment u[ the . am .
<br /> � ��: . - . � carned Premium. . . . . . � . � . � . . -
<br /> : '' � � - � AnY sums receired � by the � ?vlodqagee by � reason uf lnss nr damu�;e insur�d ngainst mt�p be relained � hy .thc � llnrtga�;ee . . .
<br /> � � xnd .appli�Kl � tnwnrd the pnymen! � of the debf herrby sacured. � or. nl the optinn uf tl�c \-lortgs�gee, such � sums either � whoUy ur in -
<br /> t . . �. . pnrt may be puid uver m lhe hlurt�;ug�r fo be used lo repuir sudi buildingx ur !o build ' ne�e buildingv in thcir placr nr for any � . .
<br /> . i : othec purpose or oUject .atis(uctory to the \iortgagee ��'ithuut nfieclin ;; Qie lien on lhe mnrt�aCe for ll�r full amount �erured here- � . � . �
<br /> ' . r ` � by befure such paymrnl i•vrr t �mk place. � � - � �
<br /> j� �, � 'i'o promptly repnir. rr.slure ur rebuild any huildings or imprnvements nmv or hrrcnRer on thr prrmi.�es w� hicl� may be. � . .
<br /> ; � . - come dama�;ed ur drslroyad > tn keup snid premieen in k��l cundition and repair and tree from any merh�nic's lirn ur o( her hen c�r +F""' �
<br /> � . i. , � � clnim o[ lien not exPrcaely sutwrdiimtr�d to lhe li�n hereu(; not. to suQnr or permit emy imla���tul use u[ ��r any nnisance tn exiat oa � � ke�''.
<br /> � � ssid pruperty nur to permit wxste on said premises, nur tn du uny uther aict whereby the prnprrty hereby cnnveyed shtdl � }xv:ome �,L -
<br /> . i .� .� . less .valuable. nor to diminisl� or imPyir. its value 6y nny act or omi>sian tu uct ; fn ��umply +�•itli :ill rrquiremtmts u( law with rc.+pect . ' � -
<br /> . �` . � . In the mort„aged premiecs ;md lhe us�e thc�enL .
<br /> 'P6id Khould thE premises or uny pari thereof be tnken ur damug�xl Ly reasun o( any public improveme•nl nr cundemnation
<br /> , � . . prottaling, or undea t6e right of eminent domain. or in any ut6er manner, the Diart4a�;r�� shull bi• entitled ln tdl compensations. ' . . . .
<br /> i �warJs. nnd any other payment or mlicf lLerefoq and shnlL br enti ( led, nt its optiun, to eomm�•ncc, np�xar in :md prmecutc in its
<br /> . � nwn name any uction ur prcxeedinti, ur to rtmke. z�ny cumpromi�e ur eeltlement in connection H•ith yuch Liking or datnage. All ,uch . � �
<br /> , � . . cmnpensation. awards dxnmgen. rigl�t nG �clion � anJ prorn.cKls are hereby a�.si�ned to th�� n1or��;a;;ei�. �sho may. �tter deduMinF . .
<br /> ;� � � therefrom nl! its r. zpensrs, rdcase any moncys so rc1•eived by it ur apply lLe �ame un am' indebtedness �ecared hraeby. l'h�• �lnrl - .
<br /> gugor ngtees tu exeeute such further nes� gnmen4• o[ any compensalion,� nwerds, d;imagr+, and rights n( acliun nnd pmcred.v as the � � �
<br /> �. � � blortgngee may rcyuire. � � . � .
<br /> '��� i � � '1'hal. in case o[ failure tu perturnt a �q• uf the cu�•unants herein, thr ntortgagee mny do on tf�e \tottkagoi s tn��htd( e�•arvthing - � . � , .
<br /> � w covenunted ; that the 11ortXagee muy tJso do uny tut it may di�er.e neccss;iry tn prntr•ct thc licn I.hrnvf; that the Nlortga�or will �
<br /> ' . re��ay upom demand any monep� . piud or di�buncvl 6,y� tlie htortgagee fur any of the ahuve �mrpen��s, and such moneys lu�;clher with . � -
<br /> - 3 � interest the,mon nt thc nite provided in snid nole shall brcume ser much ndditional in�letdrdnesv Lere6y ��•cured amd may t>e in • . .
<br /> � i �- � � cfuded in anY decree forcrlening thin murlgnge and be paid out uf th�• rents or procce�L .ot v;ite ��( rairl premisrs it nnl ulhenci.e � �
<br /> �� �� -� � ryuid: . that � i4shsill' not beobligutory � upon the A�iortKagtr lo incryire intu the vnlidily o( an)' li ��n. rncumbr�nces. nr elaim in ad- � � � �
<br /> . vancin� � mmmys us ab�ve nuthorital. but nothinK herein contuin�•d nhall I�e conetrved as n�c�uiring the A�1ort �ugee lu advancc any � � .
<br /> � monvys for eny �uch purFmsu nor ln do �ny act 1��•munder. e+nd � httt \tnrignge�, shtdl nol incur �ny prrsuna�l liability hcrnuvr nf :my- . - . .
<br /> ! , thing it may dn �x umit to do bereunder.
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<br /> . � In the event of. l6e dettwlt. by Alorlgagor in the payment o( any inslallment , as required hy thc Sul �• �ccured }a.rchy, or � � . .
<br /> ' . in the perfnrmnnce nC lhe obligulion in this mortgngo or in the ncite E�rumd therebY. th�• \tortga �;ee �hnll bi• rnlitled ln d�s�lare fhe � �
<br /> ; � � (INF1E'5CCLLtCfI }ICfBbY� ({LLf. HII(I UNyflIIIF. without. noticr, nnd ihe Dlort�.igee shnll he enhticd at ils upfiun, �vith �ut noiice. ��ifher by iteell � �'
<br /> n � �or by n receivertu� ix nppui �itrcl hy the eourt thereo(. tmd without reganl to the Hdis�u;ic�' ��( anvi cecuritv for Ihe indrbtedncss �c- . � ' �� ,��h
<br /> , f . � � � curerl hCmby, ta enter upon :xnd �ike porsexsion u( the murtgnged premiaes, und fu rnlleCl and remlve thc• rents, ia�ues nnd profils � � �„�„ �r'�
<br /> : � � lhereof, und npply � the same; �.lesv wxLs ot o{xration aad mtlrctian. upon thc indebtrJnev� �ecored by� lhis morttinge ; �aid renls. . . �
<br /> iAvucw nnd proftd bning heretry nx�igned to the A1ort�;ngee as fudher ser.urity fur the p��yment. uf nll indebi ���dn����c v�cured t:rrebY. ' + '����
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<br /> . . .. The Mortqagee shull }iave fhe power fo nppoint anY ��rnt or uKenls it rniry desire for the purpcne nf r��puirin� x:iid pn•m • �
<br /> :�. � � � � � inew;� renting � the sume; � wlirclink th:: rvnta � recenur.s und incrome, :md it ma}• pay nirt ot snid incume nll rxprns�•s i�icurri+l in rrnt - .
<br /> ing ond munnginR the 4flme and of coll��ctin� thr rentnls lhcmlrom. 'I'he balance rrmuinin�;, i( nny. = hal1 6c npplied iuward the
<br /> dischnrge o( the mnrtgage indel�tednese. '1'hi5 aa�signment is tn termirmtv end ixK•urnr null aml void upon rclv;isr uf thi, m� � rtt;a�r. . � .
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