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THIS MORTGAGE IS ALSO TO BE, AND. CONTINUE TO BE, FROM TIME ITO TIME, SECURITY' FOR THE
<br />PAYMENT OF SUCH SUM OR SUMS OF MONEY AS THE MORTGAGEE' MAY FROM TIME TO TIME - IN THE
<br />FUTURE ADVANCE TO ;THE ; MORTGAGOR, AND EVIDENCED BY A SUPPLEMENTAL NOTE: OR NOTES, 'BUT
<br />NOT TO EXCEED THE TOTAL OF$.•..2.0.Q.9,9.*'*;.:4................ EXCEPT FOR !ANYADVANCES-THAT"MAY. BE MADE
<br />TO PROTECT THE SECURITY IN ACCORDANCE WITH THE TERMS OF THIS MORTGAGE.
<br />THE MORTGAGOR FURTHER COVENANTS AND AGREES' i
<br />F.
<br />That''the Mortgagor will . -
<br />-pay the indebtedness as hereinbefore, provided. i
<br />F
<br />That the Mortgagor is the owner of said property in fee simple and has'good righi .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 thew claims of allpersons 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 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 due, all taxes, assessments, and similar charges upon the prem-
<br />ises subject thereto;.any deficiency because of the insufficiency of such additional ;paymentsshall 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,bere-
<br />under an amount.estimated by the Mortgagee to be suflicien£ 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 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 hom'
<br />owners or all risk policies, and the deposits are insuf&cieint. 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 be held'by it and
<br />commingled with other such funds or•its own funds for•thepayment 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 ai 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 iri; favor 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:irisuranceon.the
<br />improvements, pay'the premium therefor, and such sum shall become immediately due and payable with interest a'the rate set
<br />forth in said note until paid 'and'shall be secured by this mortgage. Failure on the part of the l, 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, Sonstitute an assignment of the un-
<br />earned premium.
<br />Any sums received• by the Mortgagee by• reason of loss or damage insure!d against' may be retained. eby the Mortgagee
<br />and applied toward the payment of of the debt hereby secured, oI, at the option of 1 the Mortgagee, such sumsith'er 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 onIthe mortgage for the full amount secured 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 fromlany mechanic's lien or'other lien 'or
<br />claim of lien not expressly subordinated to the lien hereof;,not to suffer or permit any unlawfuli 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 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.
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<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. A3 such
<br />compensation, awards, damages, right of action and proceeds. arse hereby assigned, 160 the Mortgagee, who may, after deducting
<br />.therefrom all its expenses, release' any moneys so received by it or apply the same ons any ':indebtedness secured hereby. The; Mort-
<br />gagor agrees to execute such further assignments of any compensation, awards, damages, and rights of action acid proceeds as the
<br />Mortgagee may require. I"
<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 '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 maybe 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 validityjof any lien, encumbrances;' or claim in ad-
<br />vancing moneys as above authorized, butnothing 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 entitle d.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 inortgaged premises, and to collect and 1receiwe 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 outiof said income all expenses inciirred 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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