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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 "ADVANC.E TO THE MORTGAGOR, AND
<br />EVIDENCED BY A SUPPLEMENTAL NOTE 01R,NOTES, BUT,THE TOTAL.. INDEBTEDNESS,SECURED BY THIS MORTGAGE.,SHALL NOT-
<br />EXCEED ONE HUNDRrED TWENTY (120) PER CENT OFTHE 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 FUR'T'HER COVENANTS AND AGREES.: :a ,
<br />That the Mortgagor will pay the indebtedness as liereinbefore provided,
<br />That the Mqrtgagor 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 iVlortgagor 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 serv-
<br />ice charges, and other taxes and charges against said property, and all taxes levied on the debt securer] hereby, and to furnish tile.
<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 1ortgagee
<br />to be sufficient to enable the Mortgagee to pay, as the
<br />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 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 cleficieney because of the insufficiency of such additional pay -
<br />meets shall be forthwith deposited by the Mortgagor with the \Mortgagee upon demand by the Mortgagee. Any default under this
<br />paragraph shall he cleemed 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 />hay premiums on risks required to be insured by this mortgage.
<br />Payments madL 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 own funds.for the payment. of such iterns, 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 original policies and
<br />renewals thereof, deliverer) 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 Nlortga-
<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 payalile with interesCat the rate set
<br />forth in said note until paid 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 tile 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 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 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 building.,; or improveriments 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 pern;it waste on said premises, nor to do any tither act whereby the properly 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 r•equirenlents of taw 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, and shall he entitled, at its option, to commence, appear in and prosecute in its
<br />own name any action or proceeding, onto 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 i✓lortgagee. Nvho 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 AMortgagor will
<br />repay upon.clemand 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 prejeeeds 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 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 to declare the
<br />debt secured hereby due and payable without notice; and the Mortgagee shall he entitled at its option, %vithout 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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