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THIS MORTGAGE IS ALSO TO. BE, AND CONTINUE TO BE, FROM TIME TO TIME;- SECURI'1G'Y, FOR THE
<br />PAYMENT OF SUCH SUM OR SUMS OF;MONEY. AS THE'.MORTGAGEE MAY FROM -TIME TO TIME', IN':THE
<br />FUTURE ADVANCE -TO B
<br />THE MORTGAGOR; AND EVIDENCED Y A' SUPPLEMENTAL NOTE OR .NOTES,..BUT -
<br />NOT. TO EXCEED THE TOTAL OF $....:16,48Z j6G... ..... :.... EXCEPT .FOR ANY ADVANCES THAT MAY BE MADE'
<br />TO PROTECT THE SECURITY• IN ACCORDANCE WITH THE .TERMS OF THIS MORTGAGE.
<br />THE MORTGAGOR FURTHER COVENANTS AND.AGREES:
<br />�aOR�'
<br />That the Mortgagor will pay the indebtedness as hereinbefore provided.
<br />That the Mortgagor is the owner of said property in feesimple and has good right and lawful -authority,to sell and
<br />convey the same anti that"the same is free and clearof.'any-lien or encumbrance; and -that Mortgagor will warrant and defend the
<br />title to said premises against the claims of all persons whomsoever.
<br />To pay immediately when due and payable all general taxes, special taxes,special assessments, water charges, sewer sery-: .
<br />ice charges, and other taxes and charges against said property, and all taxes levied on the debt secured hereby, and to furnish the
<br />Mortgagee, upon request, with the original or duplicate receipts therefor. The Mortgagor agrees that there shall be added to-
<br />each
<br />o-each monthly payment required hereunder or under the evidence of debt secured hereby an amount estimated by the Mortgagee'
<br />to be sufficient to enable the Mortgagee to pay, as they become clue, all taxes, assessments, and similar charges upon the prem
<br />ises subject thereto; any deficiency because of the insufficiency of such additional piiyments shall be forthwith deposited by the
<br />Mortgagor with the Mortgagee upon demand by the Mortgagee., Any default under this paragraph shall be deemed a default in'
<br />payment of taxes, assessments, or similar charges required hereunder.
<br />The Mortgagor agrees that there shall -also be added to,each monthly payment of principal and interest required here-.
<br />under an amount estimated by :the Mortgagee to be sufficient to enable the Mortgagee -to pay, as 'it becomes due, the insurance
<br />premium on any insurance policy delivered to the Mortgagee. Any' deficiency because of the insufficiency of such additional pay-
<br />ments shall be forthwith deposited by the Mortgagor with the Mortgagee upon demand by the Mortgagee. Any default under this
<br />paragraph shall be deemed a default in the payment of insurance premiums. If the:policy or policies deposited are such as home-.
<br />owners or all risk policies, and the deposits are insufficient.to pay .the entire premium, the Mortgagee may apply the deposit to
<br />pay 'premiums on risks required to be insured by this mortgage.
<br />Payments made by the Mortgagor under the above paragraphs may, at the option of the Mortgagee, be held'by it and
<br />commingled with other such funds or .its own funds for the payment of such items, and until so appli9d, such payments are hereby
<br />pledged as security -for the' unpaid' balance of the'mortgage indebtkdnbss. `
<br />To procure, deliver to, and maintain for the benefit of the Mortgagee during 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 fire 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 fhe Mortgagee; with loss payable clause in favorof and in form acceptable to the Mortga-
<br />gee.. In the event any policy is not renewed on or before ten days of its expiration, the Mortgagee may procure insurance on the
<br />improvements, pay the premium therdor,cand such sum shall become immediatelyc due- and payable with- interest at'the rate set
<br />forth in said note until paid and shall be secured by this mortgage. Failure on the'part of the'.Mortgagor, to furnish such renewals
<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 />earned premium.
<br />Any sums received by the Mortgagee by reason of loss , or damage insured against may be retained by the Mortgagee
<br />and applied toward the payment of the debt hereby, secured, oe, at the option of'the Mortgagee, such sums either wholly or in
<br />part may be paid over to the Mortgagor to be used to repair such buildings or to build'new buildings in their place or for any
<br />other purpose or object satisfactory to the Mortgagee without affecting the lien on the mortgage for the full amount secured here-:
<br />by before such payment ever took place.
<br />To promptly repair, restore or rebuild any buildings .or improvements now or hereafter on the premises which may be..
<br />come damaged or destroyed; to keep said premises in good condition and repair and'free from any mechanic's lien or other lien or.
<br />claim of lien not expressly subordinated to the lien hereof; not to'suffer or permit any unlawful use of or any nuisance to exist on
<br />said property nor to.permit waste on said premises, nor to do any other act whereby the property hereby conveyed shall become.
<br />less valuable, nor to diminish or impair its value by any act or omission to act; to comply with all requirements of law with respect
<br />to the mortgaged premises and the use thereof.
<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 shall be entitled to all compensations,
<br />awards, and any other payment or relief therefor, and shall be entitled, at its option, to commence, appear in and prosecute in its
<br />own name any action or proceeding, or to make any compromise or settlement in connection with such taking or damage. All such'
<br />compensation, awards, damages, right of action and proceeds• are hereby assigned to the Mortgagee, who may, after deducting,
<br />therefrom all its expenses, release any moneys so received by it or apply the same on any indebtedness secured hereby. The Mort-
<br />gagor agrees to execute such, further assignments of any compensation, awards, damages, and rights of action and proceeds 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 behalf evervthing.
<br />so covenanted; that the Mortgagee may also do any act it may deem necessary to protect the lien thereof; that the Mortgagor will.
<br />repay upon demand any moneys paid or disbursed by the Mortgagee for any of the above purposes, and such moneys together with
<br />interest thereon at the rate provided in said note shall become so much additional indebtedness hereby secured `and may he in-
<br />cluded in any decree foreclosing this mortgage and be paid out of the rents or proceeds of sale of said premises if 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 as requiring, the Mortgagee'to advance any
<br />moneys for any such purpose nor to do any act hereunder; and that Mortgagee shall not incur any personal liability because of any-
<br />thing it may do or omit to do 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 obligation in this mortgage or in the note secured thereby, the Mortgagee shall be entitled to declare the
<br />debt secured hereby due and. payable without notice, and the Mortgagee shall be entitled at its option, without notice, either by itself
<br />or by a receiver to be appointed by the court thereof, and without regard to the adequacy of any security for. the indebtedness se-
<br />cured hereby, to enter upon and take possession of the mortgaged premises, and to. collect and receive the rents, issues and profits
<br />thereof, and apply the'same, ,less costs of operation and collection, upon the indebtedness secured by this ;mortgage; said rents,
<br />issues, and profits being hereby'assigned.to the Mortgagee as.further security for the payment of all indebtedness secured hereby.
<br />The Mortgagee shall have the power to appoint any agent or agents it may desire for the purpose of repairing said piem-
<br />ises; renting the same; collecting. the rents, revenues and income, and it may pay out of said income all expenses incurred in rent-
<br />ing and managing the same and of collecting the rentals therefrom. The balance remaining, if any, shall be applied toward the
<br />discharge of the mortgage indebtedness. This assignment is to terminate and become null and void upon release of this mortgage.
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