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THIS.MORTGAGE IS ALSO TO BE, AND CONTINUE TO BE, FROM TIME TO TIME,'_SECURITY FOR THE
<br />PAYMENT OF SUCH- SUM OR SUMS .OF MONEY AS THE•,mORTGAGEE MAY FROM TIME TO` TIME *IN -THE
<br />FUTURE ADVANCE TO .THE MORTGAGOR, AND EVIDENCED BY A SUPPLEMENTAL .NOTE OR NOTES, BUT
<br />TO PROTECT THE SECURITY N ACCORDANCE WITH T ECT RMS OF. THIS DMAY BE MADE
<br />MORTGAGE. AT .
<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 anyaien 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, water charges, sewer'sery
<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 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 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 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 the above paragraphs may, at the option of the !Mortgagee, 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 mortgageindebtedness.
<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 days before the expiration of any such policies, insuring against fire and yther insurable .
<br />hazards, casualties, and contingencies as the Mortgagee may require, in .nn 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 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 due 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 an 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 Mortgagee, such sums either wholly or in
<br />part may be 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 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 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 otherpayment 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 />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 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 and may be 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 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 the performance of the obligation in this mortgage or in the note secured thereby, the Mortgagee shall be entitled tb 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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