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00905.E 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 T14E MORTGAGEE MAY FROM TIME TO TIME IN 'THE FUTURE ADVANCE TO -THE. MORTGAGOR, AND EVIDENCED BY A. -SUPPLEMENTAL NOTE OR NOTES, BUT THE TOTAL INDEBTEDNESS SECURED BY THIS MORTGAGE SHALL NOT EXCEED ONE -HUNDRED TWENTY (120) PER CENT OF THE AMOUNT NOW OWING,. 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 inclebtedness as hereinbefore provided.' That the Mortgagor is the owner of said property in fee simple and has.good right.and lawful authority to sell alid convey the carne and that the same is free and clear of any lienor encumbrance; and that Mortgagor will warrant and defend the title to said premises against the claims of all persons whomsoever. To pay immediately when clue and payable all general taxes, special taxes, special assessments, water charges, sewer sew - 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 Aortgagor agrees that there shall he adderltto each monthly payment required hereunder or under the evidenge of debt secured hereby an amountestimated by the Nlortgar ee to he sufficient to enable the Mortgagee to pay, as they become clue, all taxes, assessments, and similar charges upon the pre m- iscs'subject thereto; any deficiency because of the insufficiency of such additional payments shall he forthwith deposited by div - Mortgagor with the Mortgagee upon demand by the ATortgagee. Any default under this paragraph shall be deemed a default'in payment of taxes, assessments, or similar charges required hereunder. The ;;\doHgagor agrees that there shall also he added to each monthly,payme•nt of principal and interest required here- under an amount`estimated by the A4ortgagee to.he sufficient to enable the Alortgagee to pay, as it becomes due• the insurance premium on any,insurance policy delivered to the,Nlortgagee. Any deficiency because of the insufficiency of such additional p:fy- tnents shall he forthwith deposited by the Mortgagor with the Nlortgagec upon di•mand by the Mortgagee. Any default under this paragraph shall tics deemed a default in the payment. of insurance premiums. If the policy or policies deposited are such as horrie- owners or all risk policies, and the deposits are insufficient to pay the entire premium, the Nlortgagee may apply the deposit, to pay -premiums or'i'rislcs required to be insured by -oris mortgage. paynie6tii made by the Mortgagor under'the above paragraphs may.'at the option of the iVlortgagee; he' held by it and commingled with:•ot•her such funds or its own funds for the payment, of such itr nis, and until so applied, such payments fro hereby pledged as security for the unpaid halance of the .mortgage indebtedness. To prcicure, deliver to, and maintain for'tlic benr(ii. of the Mortgagee during the life of this mortgage original policies azul renewals thereof, delivered atleast ten days before the expiration of any suchpolicies, insuring against. fire'and other insurable hazards, casualties, and contingencies as the Md.rtgagee may require, in an amount equal to +the indebtedness securNI by this Mortgage, and in companies acceptable to the Mcirtgagee, with loss payable ckni:se in favor of ani] in form -acceptable to the NfortFa- 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 hecome immediately due and payable with interest at the rate yet forth in said nof6 until lurid and shall he secured by this mortgage. Failure ort w0ie part, of the Mortgagor to furnish such renewals as are herein required or failure to pay any sumsadvanced herernider shall, at 41"o option of the Ntortgagee. -constitute a default under the terms of.this mortgage. The delivery'of such policies shall, in the evitnt of default, constitute an assignment of the tin - earned premium.' Any sums receiverl b% the Nlortgagecr by reason of loss or damage insured against. riiay be retained by the AlortgaI and applied toward the payment of the debt hereby secured, or, at the option of the Mortgagee, such sums either wholly or;in part maybe paid over to the Mortgagor to he used to repair such buildings or to build'new buildings in their 1ilac•c or for a.iiy other purpose or object satisfactory to the Nfortgagee without affecting the lien on the mortgage for the full amount scc•ur(rd here- by before such payment ever took place. . To promptly repair, restore or rebuild any buildings or improvements now or hereafter on the premises which may I)(! - come. damaged 'or"destroved; to keep said premises in good condition and repair and free from :iny in lien or other lienor 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 norto permit waste on said premises, nor to do any other act. wherehy the property hereby conveyed shall become less valuable, nor to diminish or impair its value by any act or ornission.to,acl; to comply with all requirements of law with rospect 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, the, Mortgagee shall he entitled to all compensations, zmards, and arty"ether payment or relief therefor, and shall be entitled, at. its option, to commence• appear in and prosecute in its own name any action or proceeding, or to make any connpromise or settlement.. in connection with such tal:ing.or damage. ,%II such 'compensation, a0vards, damages, right of action and proceeds are hereby assitncil to the Nlortgagee, who may. after deducting . therefrom all its"'expenses, release any moneys so,received by it or apply the shine on any indebtedness secured hereby. The \Tort- gagor agrees to dlxecute such further assignments of any compensation, awards, d:trnage�s, and rights of action and proceeds as the Nlortgagee niay-'require. That. in.case of failure to perform any of the covenants herein, the Mortgagee may do on file Alortgagor's behalf everything so covenanted; that the Mortgagee may also do -any act it may deem necessary- to protect the lien thereof: that'the Nforlgagor will repay upon dem;uul any moneys paid or disburserl by the A4ortgagee for any -(j the above purposes, and such ploneys together with interest thereol,at the rate provided in said note :shall become so much additional indebtedness hereby secured and may he in- cluded in any decree foreclosing this mortgage.and he paid out of the rents ar •proceeds of sale of said premises if not otherwise paid; that it shall riot he obligatory upon the Nfortgagee to inquire into the '-yalidit.y of any lien, encumbrances, or claim in ad- vancing moneys,as above authorized, but nothing ;herein contained shall he construed as requiring the 14ortgagee to advance :anv moneys for any.sucli purpose nor to do any act hereunder; and that Morigageq.shall riot incur ani• 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 required by the Note :secured hereby, or in the performance of the obligation in this mortgage or in the note securer} thereby, the Mortgagee shall he entitled to declare the debt seeured hereby clue and payable without notice, and the Mortgagee shall be' entitled at. its option, without notice, eitht'r by itself' or by a receiver to. be appointed by the court thereof, and without regard to (lie adequacy of any security for the. indebtedness se- cured hereby, toenterupon and take possession of the mortgaged premises, and to collect and receive the rents. issuesand profits thereof, and apply'the same, less costs of operation and collection, upon the indebtedness secured by this nnortgage; said rents, issues and profits being hereby assigned to the Mortgagee as further security for the payment of all toric btechiess'socured hereby. The Mortgagee shall have the power to appoint any agent or agents itmay desire 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 iii 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.