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<br />THIS MORTGAGE IS ALSO TO BE AND CONTINUE TO BE,' FROM TIME TO TIME, SECURITY:FOR THE. P ' AYMENT OF SUCH
<br />SUM OR -SUMS OF MONEY AS THE MORTGAGEE MAY FROM TIME TO TIME IN THE FUTURE ADVANCE TO THE MORTGAG613, AND
<br />EVIDENCED BY A SUPPLEMENTAL NOTE OR.NOTES I , BUT THE TOTAL INDEBTEDNESS SECURED BY THIS MORTGAGE SHACL -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 T ERMS OF THIS MORTGAGE.
<br />THE MORTGAGOR FURTHER COVENANTS, AND AGREES:
<br />Tliat file Mortgagor will pay the indebtedness as herei n lie fore provided.
<br />That the. INIortgagor is the owner of Said property in fee simple and has good right and lawful authorit.y to sell and
<br />convey tile Same and that the.same is free and clear of any lien or encumbrance; and that Mortgagor will warrant. and defend tile
<br />fit](. to said premises against the claims of all persons whomsoever.
<br />To pay immediately when (life and payable all general taxes, special taxes, Special assessments, watercharkes, sewerserv-
<br />ice charges. and other taxes and charges against said property, arld all taxes levied oil the dubt sectired hereh ' v. and to furnish th7(1
<br />Mortgagee, upon request, with the original or duplicate receipts therefor. The Mortgagor agrees that. there Shall he added to
<br />each monthly payment required hereunder or under the evidence of debt -secured horeby in aniount eMilliated b.v t1w Mortgagee
<br />to be sufficient t6: -enable fill! Iviortgagee to 'f)ay, as they beconio due, all taxes. assessments, and Similar charges upon . the prein-
<br />ises Subject thereto; ally deficieficY because of fill! inslifficiency of: Such additional payments Shall he forthwith deposited. by the
<br />I 'vlort,
<br />gagor with the Nlortgagee, upon demand bN the Nlortgagee. Any default. undvi- this paragraph sludl he deoillerl .1 def"Illif in
<br />paymplit of taxes, assess-ments, or similar charges required heremider.
<br />The Mortgagor agrees that fliere sliall also be added If tiach monthly paynient of principal and interest rc(loired lwrv-
<br />under ;in amount estimated b.,., the N/Tortgagee to he sufficielit to ell.able flic- Afort gagov to pa�% IIS it bVC01110'S (111(': file illsdranct,
<br />1 insurance policy delivered to the Mortgagee. Any deficiency bec"allso (if the insufficiency of' such additional pay-
<br />nients shall be forthwith deposited by the Nfortgagor wifli the '1%lortgagee upon demand by tho i%fortgagoe. Ajiv default
<br />under this
<br />paragraph shall I)(- ileemed a default in the payment of instirance prouniurns. If the policY or poliui" deposited-ar(- such as.horn(1-
<br />owners or all risk policies. in(] file deposits are insufficient to Imy the entire pre.miurn. file Nlortgageo may apply -the d(q)osit to
<br />pa�- prerniunis oil risks required to be insured by t,his mort,,age.
<br />PaYnients made by the Nfortgagor under the ahove parngrapliq may. at Iho option of the Nlortgag'ee. he held bY it and
<br />conlyflingled with of1wr such funds or its own funds' for the payment of such ifpnis, and until so afiplied, "lleh payllivilk are hvreb�l
<br />pledgvd a!3 security for the unpaid balance of' the mortgage indebtedness.
<br />I , o procure� deliver to, and maintain for the benefit, of the Nlortgagee during flit, life of this mortgage original poji(�ivs and
<br />renewals thereof, delivered at least, tell da i vs before the expirat.ion of any such pol,icies. insuring against fire and otht,r insurabll!t�
<br />hazards, casualties, and contingencies as the Mo ' rtgagee may fre(juire, in all amol�nt equal to the indebtedness secured by this
<br />Mortgage, in(] in conipani(is acceptable to the Nlortgagov, with loss payable Clause in favor ofand in form accept.0flo to t1w
<br />gee. III tile evelit; all%, policy is not. renewed oil or bvforo ton day�s of its expiration. fill- Mortgagi-einay pro('Llr(� ioSIll';III('0 1111 111,,
<br />improvements, pay the promium therefor, and stich suni Shall hecz)II)e inillipchatel.\ due alid payable with ilitt-rost at the rate set
<br />forfli in said note until paid all(] shall he sectired bY this niorl"I"o. Failure oil the part. of (If(, NTfwrtagor to furnish such renew;IrS
<br />as. are hervin re(ILlired of- failure to pay any sunis advanced liereund(,r shall. af, the option (if t1u, IM
<br />defoult
<br />under the terins of this niortgage. The delivery of such policics shall, in the vvfnt (if default. c"llslitute an ;u'siglinwilt (it' 11w oll-
<br />enriled premium.
<br />Any sums received by Ow \Iortgogvv hY reason (if lo.��; or daniage insured against Ina , v ho retainod h " v tho
<br />and applied toward the payllient of the debt hert-bY seellred, of.. at the option of. the Nlortgage(., such surns vithfir wholiv or it)
<br />part may be paid ovvr to the Mortgagor to 1w itsed to n -pair Such buildings of- to, build,new fillilding., in their placo or for all�'
<br />ot1wr purpose or object satisfactory to the Mortgagee without affecting tho li(�n-.oii t1w for the fill] ;fIllount �"cllp.d hert.
<br />by before such pa�,inent ever took place.
<br />To prornlitly repair, r( -store of- rebuild any buildings (if- itilprovvnwnt� now of- hervalfor oil t1w prefili'ses which ImlY b,. -
<br />come damaged or �Iestroyud: to keop Said premisvS in good condition and repair and frve from an niechanic's lion of- ot1wr liell or
<br />claim of lien not e%pre.;�SIY subordinated to div lien horeof: not to suffor or perinit unlawful tl�zf. of or jilY nm�*once to exist on
<br />said property nor to permit waste oil said premises. nor to (to :in.\, other.act whereby Hu. propvrIN I livreb conveYed slmll becoll)(1
<br />I", v;llijahle, nor 16 diminish of- impair its value by any act. or ornission to acl: to &oIllplY with all requireim-nt,; of law N60i ri-spect
<br />to the mortgaged.prernises nrid the use thereof.
<br />That Should the prernisv:; of- any part thereof he takell 0I. damaged by rea�on of anY public iniprovenient or condenmaticin
<br />prZweeding. or under the right of emintjit domain,.or in any other manner. the Nlortgagee Shall he entitled to ;III collillensa tion'S.
<br />awards, and :my of,her paynient. or relief therefor. and Shall be entitled, at. it,; option, to commence, appear in and pros( -cute in its
<br />own name any action of- proceeding, or to inake aii.v compromise or settlenient. in connection with such taking of- dallm"o. A[I Such
<br />compensation, awards. daniages, right of action and proceeds are iiereby assigned to the Nlortagwv. who IllaY, aftur dp(luctilig
<br />therefrom 111 its exp�nses. release any moneys so received bY it or apply the sar,'ue oil anv indvhfodrfes�; s(,curcd herchY-The Nlort-
<br />gagor agrees to exvcute Such further assignments of my compensation. a*wards. darnages. and rights ofavtion ,in(] a.� the
<br />,�Jorfgagee inay require.
<br />That in case of failure to perform any of' Off, covenants her vin. the iNJortga,,(,(- 111,1V do oil the Nlortgagor's behalf ever�-Ihiiig
<br />so covelialited-, that thp.Nlortgagee may also (to any act, it may deem necessary to protect the lien thereof: that the i\lortgagor will
<br />repay upon demand any moneys paid or dishursell hY the Xfortgagov for any of the above jiurposys, and such nioneys togedier with
<br />interest thereon at tile rate provided in said note shall become So inuch additional indebtodness hereby secured and ma be in-
<br />cluded in any decree foreclosing this mortgage and he paid owit of the rents or proceeds of sale of said premises if liot (,thtinvise
<br />paid; that it, sliall not, lie obligator,,' upon file. Nlortgagep to inquire into th(� validity (if anY lien. encunibrancos, or claiiii in ad-
<br />vancing moneys as abOVe allthorized. but nothing livreill contained shall be cons(ri fed as requiring the Mortgagee to advance :liy,
<br />moneys for my such purpose nor to do any act hereunder: in(] that li\lorigagve shall not. incur anY personal liability because of an.v-
<br />thing it. may (to or ornit to do hereunder.
<br />In the event of the default, by Nlortgagor in the payment. of any installment, I., required bY the Notc. s(�c-ijrv(l hereb v, or
<br />in the performance of the obligation in this mortgage or in the note sucured thereby, fill, iMortgal,"i" shall he entitled to declare fill,
<br />debt secured hereby �Ifjc 111(1 paVable %%,itlloUf notice, and, the \Iortgagee shall be entitled at, its option, without notice. cidier I)v ilst�lf
<br />or by a receiver to be appoinied by flie court thereof, and without regar(l. to tile ade.(IllaCy of anY sectirit.).1 for the indebtedness se-
<br />cured hereby, to enter uporl and'take possession of the mortgaged premises, and to collect. and receive the rents, issu" and profits
<br />thereof, and apply the Same, Iess Costs of operation and collection, upon III(, indebtedness secured by this mortgage; sli(f rent5.
<br />issues and profits being hereby assigned to the Mortgagee as further securitY for the payrrivrit of all indebtedness so'cured Iwrvirv.
<br />'I'll(, Mortgagee sliall have the poi.ver to appoint, any agent or agents it mav desire for tile purpose of repairing said preill-
<br />ises: renting:'the sarlie:.collecting the rents. revenues and income, and it may pay out, of Said income all expenses incurred in rent-
<br />ing and managing the same and of collecting the rentals therefrom. The balance remaining, if any. shall bv'applied toward the
<br />discharge of the'rilortgage indebtedness. This assignment is to terminate and become mill and void upoll rvlea.,;(� of this mortgage.
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