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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 />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 />THE MORTGAGOR FURTHER COVENANTS AND AGREES:
<br />That the Mortgagor will pay the indebtedness as hereinbefore provided.
<br />That the Mortgagor is the ownerof 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 ancd e' tear 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 .,hen clue and payable all general taxes, special 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 unifier the evidence of debt secured hereby an: amount estimated by the Mortgagee
<br />to he 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 insufliciency 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 he added to each monthly payment of principal and interest required here-
<br />under an amountest.imated 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 th'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 he insured by this mortgage.
<br />Payments made by the \Mortgagor under the above paragraphs may, at the option of the Mortgagee, he held by it and
<br />-commingled with other such funds or its fawn funds for the payment of such items, and until so applied, such payments are herr.)).
<br />pledged as security for the unpaid balance of this mortgage indebtedness.
<br />To procure, deliver to, and maintain for. the benefit. of the Mortgagee during tho life of this mortgage original,policies and
<br />renewals thereof,delivered at least ten clay's 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 acceliiable to the AMortga-
<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 cine and payable with interest. at the rate set
<br />forth in said note until pair) and shall he 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 ,Nlortgagee, 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 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, or, at the option of the i\Mortgagee, such sums either wholly or in
<br />part may he paid over to the \Mortgagor to he used to repair such buildings or to huild'new buildings in their i>lace 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 tool: place.
<br />To promptly repair,- restore or rebuild any "building's or improvements now or hereafter on the preiises which Inay be-
<br />come damaged or destroyed; to keep said premises in good condition and repairand free from anv 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 anv 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 talion or damaged by reason of any public improvementor condemnation
<br />proceeding, or under the right of eminent. domain, or in any other manner. the 1fortgagee shall be entitled to all comliensations,
<br />awards, and any other.payment or relief therefor, and shall he entitled, at its option, to commence, appear iwand 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 it,; 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, in([ 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,Atorlgagor 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 />eluded 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 vlortg'agee 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 anv-
<br />thing it may do or omit to do hereunder.
<br />In the event of the default by Mortgagorin the payment of any installment, as required by the Note secured hereby, or
<br />in.,tile. performanee of the obligation in this mortgage or in the note secured thereby, the Mortgagee shall he entitled to declare the
<br />debt secured hereby clue wed payable without notice, and the Mortgagee shall be 66t.itled atits option, without notice, either by itself
<br />or by a receiver to he 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 herebv.
<br />The Morfgaglee'shall.-have the power to appoint any agent or agents it may desire for the purpose of reliairing 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 />ind.and managing the same and of collecting the .rentals therefrom. Than
<br />e balance remaining, if y, shall he 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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