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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 />\`vy` EVIDENCED BY A SUPPLEMENTAL NOTE OR NOTES, 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 MADE
<br />\� TO PROTECT THE SECURITY IN ACCORDANCE WITH THE TERMS OF THIS MORTGAGE.
<br />"J 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 due and payable all general taxes, special taxes, special assessments, watercharges, 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, ),vith 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 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 be forthwith deposited by the
<br />.Mortgagor with the Mortgagee upon demand by the Mortgagee. Any default under this paragraph shall he deemed a default in
<br />payment of taxes, assessments, or similar charges required hereunder.
<br />The Mortgagor agrees thatthere shall also be added to each monthly payment. of principal and interest. required H
<br />aere-
<br />under n 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 deliverer) 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 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 l.he 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 Tor 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 ten clays 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 and in form acceptable to the Mortga-
<br />gee. In the event any policy is not renewer) on or before ten slays 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 he secured by this mortgage. Failure on the part of this Mortgagor to furnish such renewals
<br />as are herein required or failure to pay any sums advancer) hereunder shall, at the option of, the Nfortgagee, 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 receiver) 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 licit 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 improvementor condemnation
<br />proceeding, of under the right of erninent 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 ent.it.led, at its option, to commence, appear in and prosecute ,in its
<br />own none 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 assigner) 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 Luny compensation, awards, damages, and rights of action and proceeds as the
<br />1\4ortgagee 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 tiny 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 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 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'lie performance of the obligation in ).his mortgage or in the note secured thereby, the Mortgagee shall be entitled to declare the
<br />debt secured herehy.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 lie 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 profit.,ibeing. hereby assigned to the Mortgagee as further security for the payment of all indebtedness securer) 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 oilt of said income all expenses incurred in rent-
<br />ing 'arid ,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 Iieci)rie null and void upon release of this rnortgage.
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