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C\ 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 />�1 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 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 persgns whomsoever.
<br />To pay immediately when 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 secures] 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 he sufficient to enable the Mortgagee to pay, as they become clue, all taxes, assessments, and similar charges upon the prem -
<br />ices subject thereto; any deficiency because of the insufficiency of such additional payments shall he 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 bo sufficient to enable the Mortgagee to pay, as it becomes clue, 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, Ike held by -it and
<br />commingled with other such funds or its owir 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 benc6t 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 other.insurable
<br />hazards, casualties, and contingencies as the A•lortgagee 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 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 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 `Iortgagee
<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. secure(] 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 tri 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 other payment or relief therefor, ane] 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 anil 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 a]so 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 />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 riot be obligatory upon the Mortgagee to inquire into the validity of any lien, encumbrances, .oY 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 to declare the
<br />debt secured hereby clue and q ayable 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 withou t regard •to the adequacy of any security filr the indebtedness se- .
<br />cured hereby„to enter upon.and take possession of the mortgagedpremises, and to collect and receive the rents, issues. and profits
<br />thereof, and. apply the carne, less costs of operation and collection, upon the indebtedness secured by this mortgage; said rents,
<br />issues and profits bdiri(,! hereby•assighed 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 t}re 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, theref rom: The balance, remaining, if any, shall be applied toward the
<br />discharge of the mortgage indebtedness. This assignment :is to- tetminate, and become pull and void upon release of this mortgage.
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