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<br />. . THIS MORTGAGE IS ALSO TO BE AND CONTINUE 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 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 ?,4ORTGAGOR FURTHER COVENANTS. AND AGREES:
<br />That the Nlortgagor'%vill pay the indebtedries�s as hereiribefore 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 sainu and that the*sanie is free in(] clear of any lien or, encunibrance;'and that Nlortgagor will warrant and defend the
<br />title to said premises against, the claim.,; of all per,�ons whoinsoever.
<br />To pay iminediately when line and payable all geliLral taxesespecial taxes, special assessments,
<br />ice charges, and otl,ter taxes ;in(] charges against said property. and all taxes levied on the debt. secured hereby. and to furnish the
<br />Iviortgagee, upon request, Nvith the original or duplicate receipts therefor. The,�Alortgagor agrees that there shall lie added to
<br />each molithly payment required hereunder or under' the evidence of debt. secured -hereby in arnolillt� estimated b'y I If(- Nfortgagec!
<br />to be sufficient to enable the *%lorigagee to pay, as, they beconle, clue, all taxes, assessments, and similar charge� upon the prem'-
<br />ises subject thereto; anY deficieriev hceatist. of the insufficiencY of such additional paYments sliall he forthwith deposited'h * y the
<br />I \lot ort, , . iv
<br />-tgagor with the Nlorigageo upon demand b.% the Al —wee Al - defaillt.unflor this paragraph sliall he deemed a default in
<br />w
<br />paylliellf of or similar chary lereunder.
<br />,vs required I
<br />'I'll(- Nlortgagor agrees that there shall als(f he added to VaVil i It r
<br />g - payment of principal all([ inten'!;t refill I I e e
<br />under ;fit -aniount estimated by the N-lortgagee to.he. suflivient to criable the Xloriglelv,� to pay, aF, it hecomes due, the insurance
<br />preinjurn on,any insurance policy delivered to flit- INIortgagee. Any deficiency becausu of thf. insufficiency of such additional pay-,
<br />nients sliall be forthwith deposited by fit(- Nlortgalgor with fit(- lklortgagee upon demand 1) ' v the INIortgagee. Any ;lefault under this
<br />paragraph shall be, deerned a default in the Imynient of insurance proiniums. If tile policy or policies depo.,;ited nresuch js*lioiiit,-
<br />owners or all risk p6licies. and fill-' deposits are ins-,lifficient. to pay the entire premium, the '\Iortgn�,(,e may apply the (If, . it f)
<br />po� I
<br />pay prenliums oil risks required if) he inmi-ed by H)k mortgage.
<br />Payments niade 1) * N, file 'N'Tortgagor under the above pnragyaph.� may, at thf�� option of th v Nlortgagee, ho held by it, and
<br />commingled witil.other such funds or its own funds for fit(- paynient, of stich itenv;, in(] until so aliplied, such payint-rit,; are herel)v
<br />Pledged as security for the unpaid balance of the mortgage infleb tedliess.
<br />To procur��, deliver to, and maintain for thi� benetit of the "Mortgagee during the life of this illortgage original policiv,; and
<br />renov;aL; thercof, delivered at. least ten day.,; before the expiration of any stich policies. insuring -against fire ,in(] other insurabll��_
<br />hazards. casoaltie.,;,land Coll t i ligencies as. fill' %ilorigligue may requ.ire, in all aniount equal to file indebtechle,,s Secured bY this
<br />Mortgage, and In companies acceptable to the lNlortgagev. with los.�; payabIL' CIMISO in faVOl- Ofand in form aCCej?f8bI 0 fit, Or _-I-
<br />(" I o *%I fg,
<br />gee. In tile event ally policy is not. renewed (,it or befort, tell dzjy�s of its expiration,Alle 'NIortgagev'rilay proctire insuraliceon ill:
<br />improvenients, pa�' div premium therefor, and such suni ,;]fall becanie immediately *due and payable Nvith interest at the rate set
<br />forth in said note until paid and shall be �ecurvd bY tllit; Imt r t-g.'I"'o. Failure oil the part. Of the Allortgagor to furnish such rene%val�.
<br />-is are herein required or failure to flay al)V SLIMS advanced hereuri(jer shall, it thi! option of the Nlortgagee, constillile a defailli
<br />untier tii(� term, of titi, jnOrttae. 'rii(, (iolivery of such policies shill, in the of. default. constitute all assignillont of fit(' III)' -
<br />earned prenliuni.
<br />Any sunis received hy the i\lortgagee by reason of' loss or claniage illSIMd l.',aiDSt olaV be retained I)v [lie 'Uorf"'I'et
<br />and applied toward file payment of the debt
<br />Secured, or, at the optioll of the i',Iortgagee, such sums either wholly or in
<br />part may 1w paid i iver it) the Nfortgagor to be used to repair such huildings orlo build new building-, in their place or fol:allY
<br />other purpo-;e or pbject satisfactory to the 1%lortgageo without, affecting, the liell oil the mortgage for fit(, fill] amount secured here-
<br />by before ,;if(,]) pa�;rllellt ever, took 1�lace.
<br />ro promptly reimir, restore or rebuild in.%. huildings or iniprovenients now or hereafter oil fit(- promises which lliny bc-
<br />come (Inninged or de.Aroyed: to keep said premises in good condifion-and repair ,in(] free front iny inechaniCs lien or other lien or
<br />claini of lien no[. expre,;sly subordinated to the lien liereof; not it) stiffer or permit. jiny unlawful use of or ;in%, nuisance to exist oii
<br />said property nor to pernlit waste on ,;;fill premises, nor to do any other act. whereby the property becorne
<br />les.�; valuable, nor hj diniinis-li or inipair ik. value by anY :let Or 01`11i.q.SiOR to act; to 'colliplY with :111 requirernent.4; of I;t\v with re.-q)ect
<br />to the mortgaged j)rumises and file use theroof.
<br />That should flie premises or anY pa rt therf,of be taken or daninged by reason of any public improvernent'or condonination
<br />proceeding, of- under -the right of cininent domain, or in any other manner, the Nlortgaget- sholl b(� entitled to all compensatiom,
<br />a\varcj�s, ali(l aliv other pw�;ment or relief therefor. and shall Ile entitled, lit it., Option, to commence, appear in allot prost-,,,c,-jlt.e in its
<br />own name any action or proceeding su I
<br />or to make my compromise or settlement in connection willi such taking or.daniage. All c i
<br />Coll. pensa I io 11, awards, daniages, right of action and proceC"(1s are. hereby assignerl to III(, Nlortgagee, who may. after (IC(ILICtill',
<br />therefrom all its expenses, release any money.,; so received bY it. or apply the,saint, oil any indebtedness secured liereby.The Nilort-
<br />gagor agree., to execute such further assignments of any compensation, mva�fls, darnages, and rights ofaction and proceeds as tile
<br />iNlortgagee may require.
<br />That ill cast! of failure to perform any.of the covenants herein, the Nlortgaget, may do oil the Alortgagor's helialf everything
<br />so covenaritcd; that the'Nlortgageo may al.,;o do anv ,let it may deem. necessary to protect the lien thereof; that the 1\1ortgagor will
<br />repay tipon demand any money.,; paid or disbursed I)v Iliv Nlor(gagec for my Of the above purposes, and stich nione s together with
<br />int.erest thereon at the rate provided in said note shall become so much additional indebtedness herebY secured and may be in-
<br />cluded in any decree foreclosing this mortgage and he paid out of the rents or proceeds of sale of said premises if not otherv.-ise
<br />paid; that it shall not be obligatory upon the Nfortgagee to inquire into the validity of ally lien, encumbrances, or claini In ad-
<br />vancing moneys as above authorized, but nothing herein contained shall be constr Lied as' requiring, the Nlortgague to advance my
<br />moneys for any stich purpose nor to do my let. hereunder; and that shall nol. incur all.%- pqr�,onal liability because of any-
<br />thing it may do or omit. to do hereunder,
<br />In the event of the default by iNfortgagor in the payment of :my installment, as required by the Note secured Itereby, or
<br />in file performance of the obligation in this mortgage or in the not(! Secured thereby, the Alortgagee sliall be entitled to declare the
<br />debt Secured hereby due and payable without noti�p_ and the -Nilortgagee shall be entitled at, its option, without notice, either fly itself
<br />or by a receiver twbe appointed by the court thereof, and without regard to the adequacy of my security for (it(- indebtedness se-
<br />cured hereby, to e.liter upon and take possLssion. of the mortgaged promises, and - to collect, and receive tile rents. issues all(] 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 profib; be ing hereby assigned to the iklort�agee as further securitY for the payment of all indebtedness, su'cured hereby.
<br />The Mortgagee, shall have the power to appoint any agent. or agent-,; it. may� desire for the purpose of repairing sai(l pr��m-
<br />ises; renting' the same; collecting the rents, revenues and income, and it rimy pay. out of said inco'Ale all expenses incurred in rent-
<br />ing and managing the same and of collecting the rentals therefrom. The balance remaining, if any, shall he af�)plied tov,,ard the
<br />discharge of the mortgage indebtedness. This, assignment is to terminate in(] become null and void upon release oft his mortgage.
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