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THIS MORTGAGE JS 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 />NOT TO EXCEED THE TOTAL OF $A7 9.4.2«8.Q .....:........... EXCEPT FOR ANY .ADV NTAL NOTE OR NOTES, BUT
<br />FUTURE ADVANCE. TO 'THE .MORTGAGOR, AND EVIDENCED BY A SUPPLEMENTAL
<br />' 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 { I
<br />That the Mortgagor !is the dwner 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 Oat: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 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 unde,r'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 paymentof•principal and intere'st4c.quired,here-
<br />under an amount estimated by the, Mortgagee to be:sufficient to enable the Mortgagee to 'pay, l 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 jpolicy or policies deposited are. such as home-
<br />owners or all risk policies, and the deposits are insut icient to pay_ the entire premium, the Mortgagee may apply- the deposit td
<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 ofii 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 atl 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 equial to the indebtedness. secured by this
<br />Mortgage, -and in companies acceptable to the Mortgagee, with loss payable clause inlfavor 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 suchsum 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 thepart 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.
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<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 bepaid 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 ori the mortgage for the full amount secured here-
<br />by before such' payment ever took,place. E
<br />To promptly repair, (restore or rebuild any buildings or improvements now 1 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 mechanics lien or other lien or
<br />claim of lien not expressly subordinated to the lien Hereof; not to suffer or permit any: unlawful li 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 they pro fierty 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 ofilaw: with' respect
<br />to, the mortgaged premises and the: use thereof. I
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<br />That should the premises' or any part thereof be 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
<br />he . 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 Mortgagors behalf everything
<br />go 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 togetfier 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 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 />inthe 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 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, iP 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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