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©09013 THIS MORTGAGE IS ALSO TO BE, AND CONTINUE TO BE, FROM TIME ,TO .,TIME, SECURITY FOR THE PAYMENT OF SUCH SUM OR SUMS OF MONEY AS THE. MORTGAGEE I MAY FROM TIME TO TIME IN THE FUTURE ADVANCE TO: THE ' MORTGAGOR, AND. EVIDENCED BY A. SUPPLEMENTAL NOTE:. OR: NOTES, BUT NOT TO EXCEED THE TOTAL OF $:.24.,.862.56 ;•.._..._..... EXCEPT FOR ANY ADVANCES .THAT MAY. BE MADE TO PROTECT THE SECURITY: IN ACCORDANCE WITH THE TERMS OF'THIS':MORTGAGE. THE MORTGAGOR FURTHER COVENANTS AND AGREES That the Mortgagor will pay the indebtedness as hereinbefore provided. That the Mortgagor is the owner of said•.proporty in fee simple and has !good.. right and lawful authority to sell and convey the same and that the same is free and clear of any lien or• encumbrance; and that; Mortgagor will warrant, anil defend the title to said premises against the ,'Claims of all persons whomsoever. To pay immediately when due and payable all general taxes, special taxes,ispecial;assessrnents, water charges; sewer serv- ice charges, and other taxes and charges against said property, and all taxes levied !on the debt secured hereby, and to furnish the Mortgagee, upon request, with the original or, duplicate receipts therefor. The Mortgagor 'agrees that there shall she added to each monthly payment required hereunder or under the'evidencee:of debt secured'lhereby an'amount estimated by the Mortgagee tp . be sufficient to enable the Mortgagee to pay, as they become due; all taxes; 'assessments; and similar charges' upon the prem- ises subject thereto; any deficiency, because of the insufficiency of, -such additional' payments (shall be forthwith deposited by the Mortgagor with the Mortgagee upon demand by the Mortgagee.' Any default under this 6aragraph shall be deemed;a default in payment of taxes, assessments or`;'similar charges. required hereunder. The Mortgagor agrees that there shall also be added to each monthly payment of principal and interest required here- under- an amount estimated by the, Mortgagee to be sufficient to enable the: Mortgagee to, pay, as it becomes due,, the insurance premium on any insurance policy delivered to the Mortgagee. Any deficiency because of the, insufficiency of such. additional pay- ments shall be forthwith depositedby the Mortgagor with the Mortgagee upon demand by the Mortgagee. Any default under this paragraph shall be -deemed a default in the payment of insurance_ premiums. If the policy or;policies deposited are such as home- owner's or all risk policies, and the: deposits are insufficient to pay' the entire premium, the; Mortgagee may apply. the deposit to' pay premiums on risks required tobe insured by this mortgage. Payments*inade by the Mortgagor under the above paragraphs may, at they optiom of the Mortgagee, be he.Why it an.d commingled. with other such funds_or its own funds for the payment of such items,', and until'so applied, such payments are hereby pledged as security for the unpaid; balance of the mortgage indebtedness. • j r To procure, deliver to, and maintain for the benefit of the Mortgagee during the life`of this mortgage o iginal.policies and renewals thereof, delivered at least ten days before the expiration; of any such policies, insuring: against fire and other insurable hazards, casualties, and contingencies as the Mortgagee may require, in an amount equal': to the indebtedness secured by this Mortgage, and in companies acceptable to the Mortgagee, with loss payable clause in favor of'and in form acceptable to.the IVfortga- gee. In the event any policy is not renewed on or before ten days of its expiration',;the Mortgagee may procure insurance on the. improvements, pay the premium therefor, and such sum shall become immediately-Aue and payable with interest at the rate set forth in said note. until paid and shall be secured by this mortgage. Failure on the part of the Mortgagor to furnish.such renewals as are herein required or failure to�pay any sums advanced hereunder shall, at the:loption' ofltho Mortgagee,_. constitute a default under the terms of this mortgage. The delivery of such policies shall, in the event of default: ;constitute an assignment of "the un- earned premium. Any sums received by the Mortgagee by reason of loss. or damage insured against may be retained by the Mortgagee and applied toward the payment:'of the debt hereby secured, or, at the option of the Mortgage'e, such sums either wholly or in 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 other purpose or object satisfactory to the Mortgagee without affecting the lien on the mortgage for the full amount secured here- by before such payment ever tookplace. To promptly repair, restore or rebuild any buildings or improvements now or hereafter on the premises which may be- come damaged or destroyed;. to keep said premises in good condition and -repair and:free from any mechanic's lien orlother lien'or 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 said property nor to permit waste on said premises, nor to do any other act whereby the; Property hereby conveyed shall become less valuable, nor to diminish or impair its value by any act or omission to act; to comely with all :requirements of law,with respect to the mortgaged premises and the' use thereof. That should the premises or any part thereof be taken or. damaged by reason of any public improvement or. condemnation proceeding, or under the right of eminent domain, or in any other' manner, theMortgagee shall be entitled to all compensations, awards, and any other payment or'relief therefor, and shall be entitled, at its.opdio -ito commence, appear in and; prosecute in its own name any action or proceeding, or to make any compromise; or settlement in, connection'' with such taking or damage. All such compensation, awards, damages, right of action and proceeds are, hereby assigned to the .Mortgagee, who may,. after deducting therefrom all its expenses, release any moneys so received by it or apply the same on any indebtedness secured hereby. The Mort- gagor agrees to execute such further assignments of any compensation, awards, damages, ani] rights of action and Proceeds as the Mortgagee may require: j That in case of failure to perform any -of the covenants herein, the Mortgagee may do, on the Mortgagor's :beh6lf everything so covenanted; that the Mortgagee may also do any°'act. it may deem necessary to; protect the lien, thereof; that the Mortgagor will repay upon demand any moneys paid or disbursed by the Mortgagee for any of the above purposes, and such monevs fogetlier with interest thereon at the rate provided in said note shall become so much additional indebtedness hereby secured and may he in - eluded in any decree foreclosing this mortgage and be paid out of the rents or proceeds of sale pf said premises',if riot otherwise paid; that it shall not be obligatory upon the Mortgagee .to inquire into the validity, of anyAien, encumbrances or claim in ad- vancing moneys as above authorized, but nothing herein'dontained shall be construed as requiring the Mortgagee; to advance any moneys for any such purpose nor {o do any act hereunder; and that Mortgagee shall mot incur any personal- liability because of any- thing it may do or omit to do hereunder. In the event of the default by Mortgagor in the payment' of any installment, as requirea by the Note secured hereby, or in ;the performance of the obligatign in this mortgage or in the note secured thereby, the Mortgagee shall be entitled to. declare the debt secured hereby due and payable without notice, and the Mortgagee shall be entitled at.its'option, without notice,'either by itself, or 'by a receiver to be appointed by the court thereof, and without regard to the adequacy.. of any security for the' indebtedness se- cured hereby, to enter upon and take possession of the mortgaged premises, and to collect and receive the rents, -issues and profits thereof, -and apply the same, ,less costs of operation and collection, upon the indebtedness se'cur`ed by this mortgage;. said rents, issues and profits.being hereby assigned to the Mortgagee as further: security for the'pa'yment of all; indebtedness secured hereby. The Mortgagee shall have the power to appoint any agent or agents it mayldesire'for the purpose of repairing'said prem- ises; renting the same;• collecting the rents, revenues and income, -and it may pay out of said income all expenses•incurred in rent- ing and managing the same and of collecting the rentals therefrom. The balance . remaining; if ''any, shall be applied toward the discharge of the mortgage indebtedness. This assignment is to terminate and become null and void upon -release of"this mortgage.