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.' HE PAYMENT OF SUCH
<br />THIS MORTGAGE,IS .ALSO •TO BE" AND CONTINUE TO BE, FROM TIME .TO TIME, SECURITY FO,R T
<br />�1 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, S BUT THE TOTAL- INDEBTEDNESS SECURED BY THIS MORTGAGE SHALL. NOT
<br />EXCEED ONE HUNDRED TWENTY (120) PER, CENT OF THE AMOUNT NOW OWING, EXCEPT FOR ANY ADVANCES THAT MAY BE ADE
<br />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 and lawful authority to sell and
<br />convey the same and that the same is free and clear of 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 clue and payable all general taxes especial 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 _insufficiency of such additional payments 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 in amount estimated by'the Mortgagee .to be suifficient 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 tine above paragraphs may, at the option of the Alortgagee; be 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 originril policies and
<br />renewals thereof, delivered at least ten clays before the expiration of any such policies, insuring against fire and oflior insurable.'
<br />hazards, casualties, and contingencies as the Mortgagee may require; in art amount equal to the indebtedness secured by this
<br />Mortgage, and in companies acceptable, to the Mortgagee, with loss payable clause in favor ofand'in form acceptable tin the Alortga-
<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 slim shall become immediately chie 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 in assignment of the tin -
<br />earned premium.
<br />Any sums received by the Mortgagee by reason of loss or damage insured against may be retained by the Alorlgagee
<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 Cor 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 promises 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 ccindennnation
<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 />ants herein, the Mortgagee may do on the Mortgagor's behalf everything
<br />That in case of failure to perform any of the coven
<br />so covenanted; thatthe 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 ' apd may be 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 he obligatory upon the Mortgagee to inquire into the validity of anv lien, encumbrances, o -r 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 eventof the default by Mortgagor in the payment of my 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 fctr the indebtedness se-
<br />cured hereby, to enter, upon and take possession of the mortgaged premises, Incl 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 tine 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 payout 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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