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THIS MORTGAGE IS ALSO TO BE ANDuCONTINUE 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 OFJHE AMOUNT NOW OWING, EXCEPT FOR ANY ADVANCES THAT MAY BE MADE
<br />: TO [PROTECT THE SECURITY IN ACCORDANCE WITH THE TERMS OF THIS MORTGAGE. '
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<br />THE MORTGAGOR rURTMER .COVENANTS AND AGREES:
<br />Chat the Mortgagor iviff pay the indcbteflness as hereinbefore prowled,
<br />That the Mortgag6r is the owner of said properly in fee simple. and .h t5: j ooil raj hf. and lawful authorit;v .to sell and
<br />convey the same and that the same is free and clear of any'licn lir encumbrance; and'illat. ilfort„agor will ++.arrant a til defend the
<br />title to said premises against. the claims of all persons whomsoever. j
<br />To pap immediate] *when due• and )a •able all general taxes, s '
<br />e Y I > g pedal taxcti special rs�e,sntents, ++ ater charbc,s, sever sere-
<br />ice charges, and other taxes', and charges against said property, and all taxes levied:mithe dr bt':secured hereby; anc-ho furnish .flit-
<br />Mortgagee, upon request, +villi the original or duplicate receipts therefor. 'I'hc Mnrtgalar,.agrees•th-f1. there shalt he added to
<br />each ntunflily payment reryutred;'hereunder or under alio evidence of debt. sccurerl Itcrehy .vii :uiumnt. estiniatecl:l>v;the Mortgagee
<br />to he sufliciiglt to enable the X161.1gagee to, pay, as. they ,become clue, all taxes, t'rtisessnu•nts, and similar charges' upon the prefi-
<br />ices subject thereto;, illy defa,ienvY because of Ute insufficiency of such :ultlitionall It tvntenis ~}fall be forthv+ith:clepirsited .bv the
<br />Afortgagor with the AQortga},ee upon demand by flit- Alorfg:tgee. Any rdefaulf. under this p tragraph shall he d v fined a drfault in
<br />payment, of taxes, assessments. cn• similar Aarges required hereunder.
<br />The Alorlgagor agt'tes that. there shall alsp he added to each monthly flnnu•rit. of principal and ntte•rest required here-
<br />Under tilt amount csffmaled by the ttilortgagee, to he -sufficient Gr enable flit-.` Alortgiugee- to )lily, as it heconu•S duv'.�thc insurance
<br />lirt-ntium on any insurance ftulicy- deliverer! to the Alorlt:agee. Any deficiency becal,, e of. flit-; insufficiency t-4 such additional pay-
<br />ments shall .be forthwith deposited by lilt- Alortgageir wifh•the Mortgagee upon detti§and by .(he.Nlortgagee. Any'default. uniler this
<br />paragraph shall bedeented ;t default in the payrnenf'of insurance premiums. If Ilio policv�cil Policucs dcpo rled:am:.such as home-
<br />ownirrs or all risk policies, and the deposits.are• instt(licieut. to pay the entire premium, the ',Nlorfgagee may apply' the deposit 'to
<br />pay premiums on risks required lo be insured h} this mortgage. i`
<br />Pa tirade bv!tlw i0ortgagor under tji'eabove paragraphs may, :al, the option;'of Alae A4origagee, ,lLc_ iield by it and
<br />commingled with other such funds or its own funds for the payment of such itcnts,� laid unf it su, applivd, such pli'vrnenfs are her0m
<br />{tleclged as security for the unptjd hadancv.of the nu,rfgage indchfedness.
<br />To procure, deliver lot and maintain for thi henefif. of the Mortgage(. during the life; of this mortgage irriuial policies and
<br />renewals thereof, delivered tit. least ten days befori'•rthe expiration of any such:polu:I.es, 'insuring against. fire itnrd irther insurable
<br />hazards, casualties, and contint catcies as the Mortgagee finny require, in an amount eryit l jto. the inclebt'ednetis -secured by this
<br />Mortgage, and in companies .acci'Ptable it) the Morigagee,!with loss payable clause ur favor ' and in form ;uceepi:+hle`Io the Alortga-
<br />gee. In flit- event any Polio is -fort. renewed oft or before tin days of its rixpiration. the lAJgrt ogee may prom' re"insurance on the
<br />improvements, pay the premium .1herefor, and 'such* ~urn shall become imilliqliately
<br />jr.,Il.le and ;payable with interest :it 'the rale set
<br />forth in said note until paid anti, shall bo secuicil big this-:mortgage. Failure uta th(. u-f. of ;thio Nlorfga, nr to furni"sh�suc•h renewals
<br />as are herein required or failure 10 pay any sums advanced hereunder shall, at the ,option of (he Nlortgagev, iiittstttule a default
<br />under the terms of this ni(irigago. The delivery of auch policies shall, in the i•venf. of Iefaitti reinstitute an ass4:1111 Cot of the uf-
<br />citrnerl premium. .
<br />Any sums received, by: III Mortgagee by reason of hiss or damage insultd against may he rel ined'•ht the \4ortgagve
<br />and applied toward the payment of life debt hereby secured, pr, at the:option rtfithe 1\9o1fgagee, such-surns.either wholly or in
<br />Part. fully Ili, paid over to the. iAlorlgagor to he used to repair such buildings or ir15Ibuild•n[iv buildings in their,ttl•tce r r for, any
<br />other purpose or object salrsfacfory. to the' Mnrtgagt•e without affecting the lien oitithe niurtt age fi,r the full amount Secured here-
<br />by before such payment ever fook place. i
<br />Cu promptly re p:uir reA( or rebuild any building-,; or improvenurnls no%%* or hr roafter 2nt Ute pre fuses which tnay. be-
<br />come damaged or destroyed- to keep said prettrises in good condition and repair and free'fror a'any mechanic's lien oi' other li'tii or
<br />claim of lien not expressly suhbrdinaled to t.hc lieu hereof; not. to suffer or.perntit :illy unla++fdl use of or,anv huib *race to exist'on
<br />}aid property nor to permit1waste nn said aw
<br />Premises, nor'lo do any other let hereyty th'c p'rbperty hereby c(' iveycrl shall hecinne
<br />less valuable, nor to,diminislt' or impair its value by any act or omission to act: to ciiritply with; :ill requirements of ,law with respect.
<br />to the mortgaged Premises foil the use thereof.
<br />That should the dire mis(rs or any Part thereof be, taken ;or damaged by reflbcjn of hnv jPublic improvement or'condenuuation
<br />proceeding, or under the right of eminent domain,: or in :any other manner, the Mortgagee sli:ll he entitled toiall compcnsat.ions,
<br />awards, and any other payment-or relief therefor, and sha11 be entitled, at its option; to commence, appear in and'proseiufe iia: its
<br />own name any action or Procec ding, or to make :illy compromise or settlement in c'o tIIe(Uoit with such taking'(ir r ;nage. All such
<br />compensation, {awards, damn e s : right cif action and proceeds are hereby assigned jtn. theAlortgagce, vaho ni:iy, ;:*flet deducting
<br />therefrom all its expenses," release any moneys so receiver) by it"'or apply the same'on anyindebtc[Iness secured;hereby.'I'he A$ort-
<br />gagor agrees •to execute such fut:ther assignments.of any compeitsntion, awards, d:irrat cs:anrl rights of action foul=prnci•eds as flit-
<br />-Alorlgagee play. require.
<br />That in cast-of failure fo perform any gf the covenants Herein• the Alortgag(c• may rho pn the Mort{ tgor*8 ht'h:lf everything
<br />so covenanted; that: the Mortgagee may also do atiy act it tray deem nc•cess;try to protect. the ;lien thereof: that: thi A4or4gagor will
<br />repay upon dentand"arty moneys paid or disbursed by the Mortgagee for.any of the above lidr'fi rses, and such momrys together with
<br />interest thereon at the rate rprovided in said note: 6.11.111 become 'So much "additioititl i indebtedness hereby secured: : acid may be in-
<br />cluded in any decree foreclosin {:this mortgage mid -hp paid out of the rents or. proceeds of 'S ale of said Premises if not otherdise
<br />Paid; that it shall not he obligatory upon the Mirrtj;agee to inquire into-the vnlidil,y of any! Iien, encumbrances.' or claim in ad-
<br />yancing moneys as above authorized, but nothing herein contained shall be construed as rcgiiiring the A,Iort} g've to advance .any
<br />moneys for any such purpose nor to do :lily act. hereunder; and that ivlorlgagee shall 'not, incur any personal liahiility because of :illy-
<br />thing it, may do or omit to du hcceunder. !
<br />IIt the event: of the tilf.allt. by AlortgIgor in the payment. of any installmettf a•.rcqui'red by tFae Nof(-'sectirvd hrrchv,, or
<br />in the performance of the obligation in this mortgage or in the note sccured therc6y',1thc•Mort ager shall he entitled ti>,declarc`the .
<br />debt secured hereby date
<br />,fill j), triable without notice, and the Nhirtgagee shall be•enitiled at. rts;ription, without nut ice,. either by itself
<br />or by a receiver to be -fppointcd=by the court thereof, and without regard to the adcquacy.of,anv security Cor the rtidehtedness'se-
<br />cured hereby, to enter upon 'and tale possession,of the mortgaged premises, and to, collect.
<br />111(i recetivi therents, issues and profits
<br />thereof; and apply the same, less costs of operation and collection, upon the d
<br />indebteness sc cured by this n nrtgaj;e; said renis,
<br />issues and profits being herehv assigner) fo'the Mortgagee as further security for f.be i'a aymenf 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 rCpatrnl,` said prem-
<br />ises; renting the same; collecting the rents, revenues -full income,.and it may pay tint of said income pu
<br />all exttits incurre[I in rent-
<br />ing and managing the same' and of collecting the. rel>tids there'f rom. The balance � r'emaini»ti if any, shall he, applied toward the
<br />discharge of the mortgage in6lltedness.'This .assignment is to 'terminate and heroine null and void upon rclea e.of this mortgage.
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