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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 />:1 EVIDENCED BY A SUPPLEMENTAL NOTE ORI NOTES, BUT THE TOTAL INDEBTEDNESS SECURED BY THIS MORTGAGE SHALL NOT
<br />'Ve EXCEED ONE HUNDRED TWENTY (120) PER CENT OF THE AMOUNT NOW OWING, EXCEPT FOR ANY ADVANCES THAT MAY BE MADE .
<br />TO PROTECT THE SECURITY AN ACCORDANCE WITH -THE TERMS OF THIS -MORTGAGE.
<br />THE MORTGAGOR FURTHER COVENANTS AND AGREES:
<br />That the Mortgagor will pay the indebtedness as l>.ereinbefore provided.
<br />That the Mortgagor is the owner of said property in fee simple and has `good right and lawful .authority -to sell and
<br />convey the same and that the same is free and clear of any lien or encumbrance; ancl: that Mortgagor will warrant and defond the
<br />title to said premises against the claims of all persons whomsoever.
<br />To pay immediately when clue and payable-all general taxesrspecial taxes, special assessments, water charges,.sewer serv-
<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 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 iuisiutficiency of such additional payments shall be-forthwith deposited by tile.
<br />1\11ortgagor 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 he 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 premitim, the Mortgagee may apply the deposit to
<br />pay .premiums ort risks required to be insured by this mortgage. .
<br />Payments made by the Mortgagor under tlic above paragraphs may, at the option of the Mortgagee, he held by it and
<br />commingled with other such funds or its own funds for the payment of such items, and until so applied, such payments are hereby
<br />pledged as security for the unpaid balance of the mortgage indebtedness.
<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 tell clays before the expiration of any such policies, insuring against fire and other insurable.
<br />hazards, casualties, and contingencies as the i lortgagee may require, in an amount equal to the ,',indebtedness secures] by this
<br />Mortgage, and in companies acceptable to the Mortgagee, with lass payable clause in. favor of and.in form acceptable to the Mortga-
<br />gee. In the event anypolicy is not renewed on or before ten clays of. its expiration,. the Mortgagee may procure insurance on the
<br />improvements, pay the premium therefor, and such sum shall become' immediately clue and payable with interest at. the rate set
<br />forth in said note until paid and shall be secured by this mo rt gage..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 he retained by the Mortgagee
<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 he 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 conveyecl 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 mune any action or proceeding, or to male 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 />grgor 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 ontheMortgagor'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 Mortgagor will-
<br />repay
<br />ilyrepay upon demand any moneys paid or disbursed by the Mortgagee for any of the above purposes, and such moneys'together with
<br />interest thereon lit 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 he 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 intro the validity of any lien,'encumbrances, ar 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 pgrsonal 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 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 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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