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0 0 9,:, �1' 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 MAY FROM TIME TO TIME IN THE FUTURE ADVANCE TO THE MORTGAGOR, AND EVIDENCED BY A SUPPLEMENTAL NOTE OR NOTES, BUT THE TOTAL INDEBTEDNES - S. 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 indebtedness as licreinbefore provide(]. That the Mortgagor is tile owner of said property in fee simple and has good right. and lawful authority to sell and convey tile sarne and that the same is free and clear of any lien or encumbrance; and that Nfortgagor will warrant'and defend tile title to said premises against the claims of all persons whomsoever. To*pay immedialely when (file and payal')le all general taxes, special t axes, special as,;essments, water c I harges, sevier serv- and charges'against said property, and all taxes levied oil the deht. secured hereby,�;and to furnish tile ice charges, and other taxes , Mortgagee, upon request, with the original or duplicate rec eipts therefor. INIortgagor agrees that there'!shall lie added to each monthly payment required hereunder or under the evidence of debt secured herehy in amount estimated.by file Nlortgagee to be sufficient 'to (.liable tile Alortgagee to pay. I.,; they become due, all taxes, assessinerit.s. in(] similarchares upon fit(, preni- ises subject th6reto; illy deficiencY because of tile i list] fliciellcy of such -additional pilyments ,;hall hv fort leposited by -the Mortgagor with tile Mortgagee upon deniand by the INIortgageo. Any defaulf under this paragraplislial.1 he (liverlied I (](,fault in payment of taxes, asses-mlents, or similar charges required horeurider. The Nlortgagor agrees that there ,;hall also lie added to ("tell Illolithly payrnent, (if principal and inte'rest required here- undej- an amount estimated bY the Nlortgagee to he s ifficient to enable the Nlortgagee to pay, as it beconies : ance due� fit(! insur. premium ()it any insurance poliev delivered to the Mortgagee. Ally deficiency because of the insufficiency of such additional pay- ments shall be forthwith deposited by the 'i'dortgagor with the iNlortgagce upon demand by tile Mortgagee. An:��defatjlt, under this parag , raph shall.be deemed a default in the pa,vilient of insurance premiums. If fit(- policy or policiesdeposited. ore such as hoine- O"Iners or all risk policies, and the deposits are ins-tifficient to p� I iy the enfire premium, fit(! INIortga,,ce nlay al')ply file deposit to pay premiums oil risks required to be insured by this mortgage. Ilayments made by the I�Jortgagor under the above paragraphs may, at the option of fit(' Alortg'agoe,"be held by it and commingled Nvith other such funds or its own fund,; for the payment of such itenis, and until so applied, such pitYrnents are herel).% pledged I.,; security for fit(! 1111paid ]KI1,111CC Of fit(- mortgage indebtedness. To procure, deliver to, and maintain for the benefit of fit(, INIortgaj,,ce during the life of this mortgage orill"ipal policies and renewals thereof. delivered at least ten days before the expiration of any stich. policies. insuring against fire ;1nd other in-mrable hazards, casualties, and contingencies as the N11ortgagee may require, in in amount equal to the iridebtednes�s 'secti red by this Mortgage, and in companies acceptable to the 1NIortgague, Nvith loss payable clause ill favor of and in foi�m accepthblo to the %Iortga- gee. Ill tile event ally policy is not. renewed oil or before ton day.,; of its expiration. the Alort ... igee may procure insurai ice on the improvements, pay the promium therefor, and such slini shall beconle, illllllediatel�, (Ille and payable with inter'!,A at the rate set forth ill Said noto until paid and shall be secured by thi,; mortgage. Failure oil the part of the Nlortgagor to fulnish such renewals at-(! hervin required -or failure to pay any surns advanced hereunder shall, at fit(, option of the Nlortgage,, (,:onst . itute I (](,fault under fit(! term,, of this nlortago. 'I'll(, deliverY of such policies sliall, ill the event of default. constitute an assir!"Illnent of the lill- earned premium. Any sums, received by the i\lortgagee bY reason (if loss or daniage insured against. inav he retaint-di I)-,, the Nlortgagee and applied toward fit(, payment of the debt, hereby sVCtIr(!d;'or, at the option of tile Nlortgagee, such sums -either wholly or in part rnaY be paid over to file Nlortgagor to bc. used to repair such huildings or to build*lle- buildings in their place or for any* other purpose or object, satisfactory to the lvlortgagee without affecting the lien oil the niortgige for the full ailiount secured Irere- by before such payment ever took place. TO promptl ' y repair, wstow or rebuild any building-,� or improvement., now orAwreafter oil the prem,is . es.which Illay bc- come damage([ or destroyed; to keep said premi - s" ill good condition and repai� and free front it)\, mechanic's lien or other'lien or . jitm�ance to (-xist on claim of lien riot expr"sly subordinated to the lien hereor: riot to stiffer or 1wrtnit anY unlawful its(, of or an.\ said property nor to perillit waste oil �said premises, nor to (to -any other act whereby the proj)'erty hereby conyt-yed shall become. less valuable, nor to diminish or impair its value by: any let Or omission to.act; to coniplY with all requirements of' law with respect to the mortgaged premises and the us(! thereof. That should the premises or ;in\ part thereof be taken or daniaged by reason of ill ' v public improvenlent'or condenination proceeding. or under.the right of eminent. domain, or in any other manner. the Nlortgagee shall be entitled to, all, Compensations. awards, and any 'otlier payment or relief therefor, and shall be entitled, at. its optioll, to commence, appear in ;I I it(] prosecute in its own n * ame ,illy action or procee(:Iing, 'or to inake lily compromise or settlement. in connection %yith such taking j)r damage. All such -ation, zi%�ards. darnages,. right. of action and proceeds ire hereby a, comperis .;signed to fit(,. Nlortgagev. who nwii%, after deducting therefrom all if�s kpenses, release illy moneys so received b\ it or apply the same oil any indebte In .1 ( "s secured! hor6by. The Nlort- gagor agrees to execute such further assigninents,of any compensation, awards, damages. and -rights-of action -all,(I. proceeds as the Nlortgagev may �equire, ']'flat in case of failure to perforn . i any of fit . e covenants herein. the NIortgagee may do ()it flie Nlortgagor;s behalf ever.ything so covenanted: that the Nlortgagee may also (to ally let it Inav (teem necessary to protect the lien thereof: that 'flie Mortgagor will repay upon demand any moneys. paid or disbursed bY the Mortgagee for any of the al)ove purp(ises. in(] such riloneys toge`�h`er with interesf thereon at tile rate pro�idvd in said note sliall become so much additional indebtedness It( I �rehy secur�!d and may he in- cluded in ;illy decree foreclosing thi�; mortgage and he paid out. of the rents or procceds or sale of said premil;" if not oiher\vise paid; that it. ,hall not be obligatory upon the Mortgagee to illfl:tjire into tile validity (if in\' lien, cvicunibrarW . c, -,;,.or claim in I(]- vancing moneys as above authorized, but nothing herein contained shall be construed as requiring the Nlortgal I ,ev to advance moneys for any such purpose nor to do any act. hereunder: and that Mortgagee shall riot incur any personal flabi , lity becaust, of anv- thing it inay (1;) or omit. to (to hereunder. In the event of the (](!fault bY IN-lortgagor ill the payment (if lily installment, a,; required J);, the Note'secured hereby, or irf the perforinatice of the obligation in this mortgage or in the note secured thereby, the Nlortgagee shall be entitlecl to decla,re the debt secured hereby (file and payable without notice, and the Nlortgagee shall be entitled at its option, without ridtice. eithlerby itself or by a receivert.o be appointed'by the court thereof, and without regard to tile adequacy of any scCLIritY for t1windebtedness se - 'cured hereby. to ent.er upon and take possession of the mortgaged premises, and to collect and receive ' the rcnt.�. issues',and j)rofits thereof, and apply th ' e same, less costs of operation and collection, iipon the indebtedne�s secured by this mortgage; said rents, issups and profits being hereby assigned to fit(! Nlortgagee as further security for the payment of all ilidebtedness�.�vcured hereby. The Mortgagee sliall have tile power to appoint any agent or agents it may desire for tile purpo,_;c, of repairing ,aid prem- ises;jenting tile same, c0lecting' the rents, revenues and income, and it may pay out of ,;aid income all expenses':incurred in rent ing Ind. managing the same and of collecting the rentals therefrom. Tile balance remaining, if illy, shall tie applied toward the discharge of the mortgage -indebtedness. This assignment is to terminate and become null and void upon releativ of this mo-yrtgage.