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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 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 persons 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: 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 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 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 \4ortgagee. Any default under this
<br />paragraph shall be deemed. a default in the payment. of insurance premiums. If the policy or policies deliosited'are such as home-
<br />owners or all risk policies, and the deposits are ilisuf8cient to pay the entire premium, the Mortgagee may, apply the deposit to
<br />pay premiums on risks required to be insured by'ihis mortgage.
<br />Payments made by the A/lortgagor 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 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, 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 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 Mortga-
<br />gee. In the event any policy is ,not renewed on or before ten flays 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 advancedhereunder: shall, at the option of the Nfortgagee, 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 />carried 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 bull(l'ne%v buildings in their place or for any
<br />other purpose or object satisfactory to the Mortgagee without h 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 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 iliminish or impair its value by any act or omission to act; fo 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, 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!tlie covenants herein,: the Mortgagee may do ira 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 1)e 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 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 secure(I thereby, the Mortgagee shall be entitled to 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 ari d'managing the same and of collecting the rentals therefrom. The balance remai.ningjf any, shall be applied towaril .the
<br />..,discharge* (if the mortgage indebtedness. This assignment -is to termi"nate.and become null and'void upon.relea'se of this mortgage.
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