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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• ACCORDANCEWITH THE TERMS OF THIS MORTGAGE.
<br />THE iv10RTGAGOR !FURTI ER COVENANTS AND AGREES:
<br />That the Afortgagor will pay the indelkedness as hereinbefore" provided(
<br />That the Nlortgagor is the owner of said property iii fee simple and '.has good tight and lawful duthcirity to sell and
<br />convey the same and that the same is freer and clear of any lien or encurnhr net-;; and that \lortgagor will Nyan.lnt.` and defend the
<br />title to said premises against. the claims of all persons whomsoever.
<br />To pay imrnediately when due and payable all general faxes, special t tscs, special assessments. writer char es,sewer sere-
<br />ice charges, and other taxes and charges against"said property, 111(1 all 11zeS levied on the debt secured hereby, and to furnish the
<br />Mortgllsee, upon request, with the original -or duplicate receipts therefor. nit. Mortgagor �I,, lila(. there -'half he added to
<br />each monthly payment required hereunder or under the. evidence of debt securer] hereby ;tit amount. estimated hi• the Mortgagee
<br />to he sufficient .to enable the Nlortgagee to pay; as they become due.' all taxes. assessments, and similar charges upon tho prem-
<br />ises subject thereto; any deficieiacy because of the insufficiency of such additional payments shill he forthwith deposited by the
<br />Morli,,agor with the \lortgagee upon elernand. by the Mortgagee. Any default finder this paragraph shall h(.doemed a default in
<br />.payment .of taxes, assessments, or similar charges required hereunder.
<br />The A4ortgagor agrees that there shall -adso.he added to eacli, montly? payment of principal and bitert:•st required herr-,
<br />'under an amount'irstimated by file Nlortgagee:to be sufficient to enable the Nfortgagcc to pay, as it becomes 'due`•, the insurance
<br />premium on any insurance policy delivered to the Alortgagec. Any deficiency hocau,e of the insufficiency of such` additional pay-
<br />'(nents shall he forthwith deposited by the Mortgagor with the-Adortgagee upon docnand by (he Mortgagee. Any &.'4ault. under this
<br />paragraph shall he deemed a default in the payment of insurance premiums. ifglhe fiolicy or:lpolicies deposited ru'e such .as home-
<br />owners or all risk policies, and the deposits are insufficient. to pay the entire premium, the ALortgage em•ry applV the deposit to
<br />pay premiums on risks required to he insurer] by this mortgage.
<br />Payments made by thi• \fortgagor under the ahe>ye paragraphs• may, at the option of the Mortgagee, be, Ill']([ by it'and
<br />commingled with ether such funds or its own funds for the payment of such iteritS, and until so applied, such'p;aymetits are ,hereby
<br />pledged as security for the unpaid balance of the mortgage indebtedness.
<br />To procure, deliver to, and maintain ftir the benefit cif the Mortg,t,ce (haring the life',of this snort a e original pnhcus ante
<br />le
<br />renewals.tliereof,- delivered at least, ten days before the expiration of any such polcics,'insuring against fire and other uisur,
<br />hazards, casualties, and contingencies as the Mortgagee. may, require, in an amount equal to the indebtedness :secured by this
<br />;Afortgage, and in companies acceptable to the Aiortgagce; with: Toss payable clause in favor of and in form acceptable to',the Mortgn-
<br />gee. In the event any polies, is not. renewed nn or lwfore fen days of its expiralion. the \lortgagee may procure insurance on the
<br />improvements, pay the premium therefor, and sch sum shalt become immodiat(dv clue and payable with int( rest at t.hc 'rate set
<br />forth in said note until paid and shall he secured I)v thin mortgage. haiduru oil 4he part, of the y3ortgagor to furnish suc•li renewals
<br />I,; are herein required or failure, to pay :nay sumsadvanced hereunder shall, at the olYion of"Alw Nlortgagve, constituto a (!(,fault
<br />under the terms of this nu,rtgage. T110 delivery (if such policies Shall, in the e vt fit of dofatilt.. constitute an assignment of the un-
<br />premium.
<br />Any sums received by the Mortgagee by reason of loss or (lana a„e iilsurOd against may he retained by the illortgagee
<br />and applied toward file paynwnt of the- debt liereby secured, or, at the option of file \lortgagee, such ruins either whutiv`or in
<br />part. may he pair) over to the - lortgagor to he iuscd to repainsuch buildings of- to builrl'ncty buildings icy their place ur far tiny
<br />other purpose or objectsatisfactory to the %l(;rtgagev without affecting the liera on the mort-age for the frill amount secured her'e-
<br />by before such payrnent ever toot: place.: :
<br />To promptly repair, restore or rebuild any buildings or improvements noir or hereafter on the.premises which may Ie-
<br />come damaged or destroyed; te, keep said preniisc,s in gmod condition and rep•ai`r and free from any mechanic's lion or.other lien or
<br />claim of lien not expressly subordinated to the lien hereof; not to suffer' or permit lciy unlawful use of or -any "nuisance• to exist on
<br />said property nor ,fu permit wasta on said premises, not to do any other act t+hereby the pr,1,eri,y hereby ci,nycyed .shall beixcme
<br />less valuande, nor te) diminish or impair its value by any act or omission to let: to comply with requirements of 1aw with respect.
<br />to the m(irtgaged premises andAlie use thereof.
<br />That should the premises or any part thereof be•takeh or damaged by ircason of any' public• improyeni'orit or condomiiation
<br />proceeding. or_under tilt righf.of eminent domaiir, or in an}• either manner, the \Inrtg:tgee shall he entitled to all compensations,
<br />awards, and any other payment, or relief therefor, and shall he entitle(!. at if,,; opliun, to commence, appear in and.prosoctitc`in its
<br />own name any action or proceeding, or to make any'coniprotnise or Settlement in connection with Such takin_or damage 1(111 such
<br />compensation, awards, damages. right of action.tand proceed:' are herchy assigned to the \dortgagee, who''ntay.:after deducting
<br />therefrom all its expenses, release any moneys so received by it or apply the same crit any indebtedness secured herehy.'1'he '\4ort-
<br />gagor agrees to execute such farther assignmenfs of any compensation, aecards. d uir•ages, and rights of action. anot proceeds :as the
<br />\Iortgageo may require.
<br />That in case of failure'to perform any of the cgven:unts herein, the Alortga6ee may (to on-the Alortgagor'g In-half everything
<br />so covenanted: that the Mortgagee may also do arty art it.may deem necessary I:o protectthe lien thereof: that the \lort,gngor will
<br />repay upon demand any moneys paid or disbursed by file 1%lortgagoe for any of the above purposes, and Stich rnone'ys together with
<br />interest. thereon at the rate provider] in ,.fill note shall become so much additional induhtedness 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 promises if not otherwise
<br />paid: that. it. shall not be obliiiatory upon the Ni lortgagee to inquire into the validity of any lien, encumhrancec, or cl:aim in ad-
<br />vancing•moneys as above authorized, but nothing-herein contained shall he construed as requiring the Nlortgagse toyadvance, tiny
<br />moneys for any such purpose nor to do any act herminder; and that Mortis t,ee.shadl not'incur rosy personal liability because of at y-
<br />thing it. may do or omit to do hereuncicr.
<br />Ili the event of the default by Mortgagor in the payment of any installment, as required by tit(!Notesecured herchy."or
<br />in the performance of the obligation in this mortgage ,or in the note secured there;hy, the Mortgagee shall he untitled to declare the
<br />debt secured hereby clue and payahle without notice, and the Mortgagee shall bei entitled at. its option, withoui:notiee, either by itself
<br />or by 1 receiver to be appoiinti�d by the court thereof, and without regard to the adequacy of tiny security for tilt indebtedness Se-
<br />cured hereby, tel enter upon and take possession of the mortgaged premises, and to collectand receive the'rents, issues and profits
<br />thereof, and apply the same, less costs of operation and collection, upoll the incdehteritess secured by thismortgage; said refits,
<br />issues and profits being herchy assignedto the \4origagee as further security for the payment of all indehtedness.srcured hereby.
<br />The Nlortgiigel• 'shaLl have the power to appoint any agent. or agents it. may desire for the purpose of repairing said prem-
<br />is�s; reciting the same: collecting the rents, revenues and income, and it may pay out of said income all expenses incurred in rent-
<br />ing rind managing the•same and of collecting file rentals therefrom. The balance remaining, if any, shall he applied toward the
<br />discharge of the •mortgage indchtedness. This assignment is to terminate and .become null and \coir] upon release of this mortgage.
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