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<br />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 THE MORTGAGOR, AND
<br />EVIDENCED BY A SUPPLEMENTAL NOTE OR NOTES, BUT THE TOTAL INDEBTEDNESS .SECURED BY THIS MORTGAGE SHALL NOT
<br />\t> EXCEED ONE HUNDRED TWENTY (120) PER CENT OF THE AMOUNT NOW -OWING, EXCEPT FOR ANY.ADVANCES THAT MAY BE MADE
<br />V TO PROTECT THE SECURITY IN, ACCORDANCE WITH THE TERMS OF THIS MORTGAGE.
<br />THE MORTGAGOR FURTHER COVENANTS AND AGREES:
<br />That the Mortgagor will pay the indebtedness as hereinbefore provided.
<br />That the Mortgagor is the owner of said property in "fee simple and has good right anis lawful authority to sell and
<br />convey the same and that the same is free in(] clear of any lien or encumbrance; and that Mortgagor Nyill warrant and defend the
<br />title to said premises against the claims of all persons whomsoever.
<br />To pay immediately when clue and payable all general taxes, special taxes; special assessments, water charges, sewer sere -
<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 he ai dded to
<br />each monthly payment required hereunder or unite* the evidence of debt secured here])
<br />y an amount estimated by. the Mortgagee
<br />to be sufficient to 'enable the Mortgagee to pay,' as tl-((,y become due, all taxes, assessments, and similar charges upon the prem-
<br />ises subject thereto; any deficiency because of the insufficiency of such additional payments shall he forthwith deposited by the
<br />Mortgagor with the Mortgagee upon *demand by "the 'Alortgagee. Any default under this paragraph shall he deeme(Fa default in
<br />payment of taxes, assessments, Pr 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 he 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 d6mand by the il4ortgagee. Any default under this
<br />paragraph shall be deemed a default in the payment of insurance premiums. If the t�nlic.1 or policies rlepositerl ire such as hums -
<br />owners or all risk policies, and the deposits- are insufficientto 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 'file option of the Mortgagee, -be •h*tld by it and
<br />commingled with other such funds or its own funds for the payment of such items, and until so applied, such paymctnts are hereby
<br />pledged as security for the unpaid balance of the mortgage indebtedness.
<br />i h ' Y 1
<br />To procure, deliver to, and maintain for the benefit of the Nlortgagee during the life of this mortgage original policies anri
<br />'renewals thereof, deliverer) 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 the Mortgagee, with loss payable clause in favor of avid in form accerptahle. to tlbe \Iortga-
<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 therefor, and such sum shall become immediately dire and payable with interest. 'at the rate set
<br />forth in said note until paid and shall he securer) by this mortgage. Failure on the part of f ie:Mortgagor to furnish such ronewals
<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 eventof default, constitute an assignment of the un -
<br />'earned premium:
<br />Any sums received by the Mortgagee b,i reason of loss or damage insured against may he. retained' by ,the \Iortg:ogee. '
<br />and applied toward the payment of the debt. hereby secured, or, at the option of the Mortgagee, such sums either wholly or - in
<br />part may be paid over to the Dlortgagor 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 thefull amount secured here-
<br />by before such payment. ewer took place.
<br />To promptly repair, restore or rebuild any buildings' or improvements now or hereafter on the premises which may he
<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 shrill become
<br />less valuable, nor to diminish or impair its value by any let or ornission to act; to comply with all requirements of Iiew with req)ect
<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 condenuiation
<br />proceeding, or -under the right of eminent domain, or in any other manner, the 14ortgageeshall be entitled to all compensations,
<br />awards, and any other payment or relief iherefor,.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 miiy, 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, rhimages, anri-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 everything
<br />so covenanted; that'the Mortgagee may also do any act it. may deem necessary to protect the lien thereof; that the rNIortgagorwill
<br />repay upon demand any moneys paid or disbursed hy. 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 be in-
<br />cluded in any decree foreclosing this mortgage and be paid out. of the rents or pr6ceeds 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 arl-
<br />vancing moneys as above authorized, but nothing herein contained shall be construed as requiring file i\4ortgagee to advance any
<br />moneys for any such purpose nor to do any act hereunder; and that il4ortgagee 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 he entitled to declare the
<br />debt secured hereby due,and payable without notice, and the Mortgagee shall he 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 my 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 air(] profits
<br />thereof, and apply the same,, less cysts of operation and collection, upon the indebtedness securer) 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 prem-
<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 anil managing .the"same and of collecting the rentals therefrom. The balance retraining, if any,. shall he applied toward the
<br />discharge'•of the, mortgage indehtedness. This assignment is to .terminate and become null and void .bpon release of this mortgage.
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