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THIS MORTGAGE IS ALSO TO BE AND CONTINUE TO BE, FROM TIME T0: 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. Mortgagov 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 inimediately when clue and payable all "general taxes, special taxes, special atrssnumts, water charges,.sewer serv-
<br />ice charges, and ott}cr taxes and charges against said property, and all taxes levied on the debt secured hereby,::uiil to furnish the
<br />Alortgagee, upon' request, with the original or duplicate receipts therefor. The •i\lortgagor agrees that. fhcrc;sl}all be added to
<br />each monthly payment requited hereunder or under the evidence of debt secured hereby an ;unount. estimated fey the Nfortgagee
<br />to liesufficient tui :enable the Mortgagee to pay, ars they become due, all taxes, assessments, and similar charges' upon the prem -
<br />ices subject thereto; any deficiency Because of the insufficiency of such additional payments shall he forthwith deposited by the
<br />Mortgagor with the Mortgagee upon demand by .the Mortgagee. Any default iunflcr this paragraph shall he dcenicrt a default "In
<br />payment.' of taxes ; assessments, or similar charges required hereunder.
<br />rb(e Mortgagor agrees that. there shall also be added to each monthly 1)ayment. of principal and intereA required here-
<br />under an amount estimated by the Mortgagee to ho sufficient to enable the Mortgxgce to pay," is it hecomcs du f,• the insurance
<br />premium on any intiurance policy delivered to the R4ortga;ce. Auiy deficiency betcause of tbo insu(Piciency of suich.,additional 1),-
<br />ments shall he forthwith deposited by the Mortgagor with the Mortgagee upon rleniand 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'.n•e such as horne-
<br />own,ors or all risk policies, and the deposits are insufficient, to pay the entire premium. the Alortgagec may :reply the deposit to
<br />pay premiums on risks required .tq,be insured by 'this mortgage.
<br />Payments made by the pMortgagor under the above paragraphs may, ai.'thc option of the Alortgagec, fie held by it aloe)
<br />commingled with other such full
<br />commingled its own funds for the payment of such items, and until so applied, such payments are hereby
<br />pledger) 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, deliverer) at least ten days before the expiration of anv such policies, insuring against fire and 'other insurable
<br />hi)zards, 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 clau�e,'in favor of and in Corm acceptable to the Atortga
<br />gee. In the event any policy is not renewer) un or before tell days of its expiration. the Mortgagee may procure insurance on the
<br />improvements, pay the prernimn therefor, and such sum shall became immediately flue and payable with interest at the rate set
<br />forth in said note until paid and shall he secured by this mortgage. Failure on the part of the Mortgagor to furnish such renewals
<br />as are herein reyuirefl or failure tb pay any sums advancer) hereunder shall, at the option of the Mortgagee, constitute a defmdt
<br />under the terms of this mortgage. "Phe delivery of such policies shall, in the event of default, constitute an assignment of the ulr-
<br />earned premium.
<br />Any sums 'received by the i\Iortgagve by reason of loss or damage insured againstmay he- retained bv. the Mortgagee
<br />and applied toward' -the paynie•nt'of the debt hereby secured, or, at. the option orf the Mortgagee, such sums either wholly or:in
<br />Alirtgagor to he used to repair such lnritdillgs or to build'new buildings in their lil:ice• or for any
<br />part. may he paid over to the
<br />other purpose or object satisfactory to the Mortgagee without -IlTecting the tion on IIIc mortgage for the fiat] aruount securer) hero -
<br />by before such payment ever tonic place.
<br />To promptly repair• restore fir rebuild .any building; or improvements now cir hereafter on the premises which tnav Iie-
<br />conic damaged or destroyed; to keep said premises in gond condition and repair.and free from any mec•hairic's lien or other lien or
<br />claim of lien not expressly subordinated to the lien hereof; not to suffer or permit any unlawful iise of or any nui'sance to exist on
<br />said property not to permit waste on said preniises; nor to do any other act whereby the property hereby conveved shall become
<br />less valuable, nor lb diminish or impair its value by any act or omission to alt: to comply with all requirements I'd Bete with respect
<br />to the mcirtt:aged premises and the use thereof..' ,
<br />That. should the premises or any part. thereof be taken or damaged by reason of :cry public improvement7gr condenination
<br />pr:,ceeding, or under the. right of eminent domaiui,`or in any tither manner, the Nlortgagee shall. he entitled to all compensations,
<br />awards; and any other payment or relief therefor. and shall he entitled, :it its option, tui commence. appear in and. prosecute in its
<br />-own name any action or proceeding, or to make any compromise or settle:nent in connection wilh such taking or damage. All such
<br />compensation, awards, damages, right of action and proceeds are hereby assignf,d to the 1% rig, gee, who may,.,after deducting
<br />therefrom all its expenses, release any moneys so received by it or apply the samv'on any indebtedness secured-.hemby.'I'he Mort-
<br />gagor agrees to execute such further assignments of any compensation• awards•'damages, and rights of action ,I.hd 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 />-o covenanted; that,' tile Mortgagee may also do any act, it. may deem necessary to protect. the lien thereof; that -the Mortgagor gill
<br />repay upon demand any moneys paid or dishursed by the Mortgagee for any of the above purposes, and such moneys together with
<br />interest. thereon :rt the rate provided in said note shall become so much additional indehtedness hereby secured and may be in-
<br />cluded in any decree foreclosing this mortgage and be paid out. of the rents or liroceeds 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 ar]-
<br />vancing moneys as above authorized, bill nothing herein contained shall he construedas requiring the Mortgage(' to advance any
<br />moneys for any such purpose nor to do any act, hereunder; and that Niortgagee shall not. incur any personal liability because of ai).-
<br />thing it may do or omit to do hereunder.
<br />In the event of the default by Alortgagor,in the payment of any instalhnent, 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 he entitled to declare the
<br />debt secured- hereby due and payable without notice, and the Mortgagee shall be enf.itlecd atits option, without notice• either by itself
<br />or by a receiver to he 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`gf the mortgaged premises, and to collect and receive the rent*, issues and profits
<br />thereof, and apply the same, less costs of. operation and collection, upirn the indebtedness secured by this mortgage; said rents,
<br />issues and. profits being hereby assigner) to the Mortgagee as further security for the paymentof all indebtedness securer) hereby.
<br />The Mortgagee shall have the power to appoint any agent or agents it maydesire for the purpose of reliairing said prem -
<br />ices; renting the some; collecting the rents, revenues and income,.and it may payout, of said income all expenses incurred in rent-
<br />ing and managing tare same and of collecting the rentals theref rom. The balance remaining, if any, shall he 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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