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009937 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 ADVA . NCE 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 indebtedness as herein'before provided. That the INIortgagor is the owner of said property infee simple and has good right. and lawful auth ority to sell and convey the same and that the same is free and clear of ,Ili lien or encumbraiice; and that lvlort�agqr will Nvarrant. and defend the y title to said promises against tile claims of all persons whomsoever. To pay immediately when due and payable all general taxes, special taxes, special assessnients' waterel ! iarges, sewer serv- ice charges, and other taxes and 'charges against said property, and all taxes levied of, tile debt. secured, hereby, and to furnish the Nlortgague, upon request. with the original or duplicate rec'eipts therefor. The INIortgagor agrees that. there'shall boadde(I to each monthly payment required hereunder or under tile. evidence of debt secured hereby an aniount. estimat6d,by the Nlortgagee to be sufficient to enable the Nlirtgagee to I)av, as they become due, all taxes. asgessinents. and similarcharge.-Jupon the prom- ises subject thereto; ally deficiency because of tile ills', fliciency of such additional piiymeuts shall he forthwith' , deposited by tile Nfortgagor with the Xfortgagee upon demand 'by the Nlortgagev. Any default. under this panigraph shall he dv(,111ed a default in payment of taxes, assessments, or similar charges require(] hereunder. The Nlortgagor agrees that there shall also be added to each monthly payment of principal iind injer' .est required here- under Ili amount estimated I)v the Nlortgagee to bv-sufficient to enable the N—lortgageo to pay, as it becomes d66, the insurance prernimn oil any insuranco policy'delivered to the IN, I o I rtgageo. Any deficiency because, of file insufficienc of such additional pay- nients shall be forthwith deposited by tile _y Nlortgagor with the N.I.ortgagee twon demand by fhe Nlortgagee. Any:(lefault. under this pa-ragraph shall Ile deemed a default. in the paymc-rit of insurance premiums. If file policy or owners.or all risk policies, and tile dep()siis are ill'sufficient, to 1) ay the entire pi:e'llium, the Nlortgwee may app13" file deposit to) pay premium,, oil risks required to Ile insured by'this mortgage. PaYnienLs made by the Nlortgagor under the al)(we parilgraphs may. 'at I tile 01) . c . orniningled with other such funds or its own fluids for tile payluent of sit t'()n (if file 1%I()r(9a,(?o', :1)e held by it and ch ite'll-S, and until so aPPli('d- Slich Pa% trivrits are horebY pledged as security for the 11"Paid balance of the mortgage indebtedness. To procure, deliver to, and maintain for the*bonefif. of the jNjcftgago(, during the life of this m()rtgage ofiginal policies and renewals thereof, delivered at least tell (41),'s before file expirati(ill (if allY such policies. insuring, against. fire aild other inurable hazar&:, casualties, and contingencies as the Nfortgagee may require, in an amount equal to the indebtedlies's secured bv this Nfortgage, and in companies acc&Ptable to the iviortgagee, with loss payable claus6 in favor of and in form acceptable to tile %lortga- gee. In the event ail), 1)()Iicv is not renewed oil or before tell diN's of its expiration. the lvlorjgage(� 111,15' pro'curi, insuranceoll ill(, improvement.,;. pay the premium therefor, and such stim sll,,Ill bec,ame, immediately (Ine au(I payable with inierdst at the rate set forth in said note until jKlid and shall be ,(,cured by this mortgage. Failure oil the part. of the Xlortgagoir.to fill-ijiit such reneNvals as are herein required or failure to pay any sums ;,(Ivaneed hereunder shall, ;it tile option of file Afortgagee. c6listitute a default under the ternis of this mort,,age."I'lie deliverY of policie,; shall, in the event of (](-fault, constitute art assiinnient of' Ihe un- viarned premium. Any slims received 1) the 'j\,l()rtgaec bN. reason (if ()s y ss or damage insurerl agailiq May hC' 11-tain-1 -bY the Nlortgagee and applied toward the, ' payllielit. of fliv debt' llorebx securod, or. at, file option of the"NIortgagCC, such surns either whoilly or in part may Ile paid over to ill(- Nlortagor to be used to ropa�ir such buildings or to build,liew hilildin-1; ill their plaev or for anN o , ther purpose or object satisfactory to tile Nlortgagee without affecting, tile liell ou the mortgag by before such payment evf-r took place. e fol' tile full an, : bunt -cilred herc To promptly repair, resjtore or rebuild ;lily buildings or improvements no%%, ()r 11 come damliged or destro i(ter oil the Ilronlises which nfa.v he- yed; to keel) said premises in good condition ;Ili(] repair and free f(r'oi(r!n;. Inv rnechanie's lien or other lien or claim of liell not expressly subordinated to the lien horeof: not to suffer or perinit any un!awful use of or ally 'lluisallee to exiM oil said property nor to perinit. Nvasto 011 said premises, nor to do allY Wher -let. %%,her 0 ved shall become I air its ,,,line I)v ally or ornis.",ioll to aet: f0 conI)IN' %vith all recjuiremellt_�; of law with respect less valuable, nor to diminish or in 1), el)Y'til(- proporty hereby (-oil%, to tile mortgaged premises and thi . � use thereof. That should tile prvinisc.� or any part. thero?of be taken or damaged by reasoir0f 'Inv I)Lli)li(- improvemen I or condonination proceeding, or under the right of.cminent domain, or ill anv other manner. the ivIortgagee 'shall bv entitled to all c(;n1pensat-ions, awards, and ,my other payment or relief therefor, and shaffbe enti fled, at.its option, to commence. appear in and pro.�;ecLlle in its own name tiny actjon or proceeding. or to make ahy compromi.�(-_or settlement it) connection �vitjj SLIch taking or damag coin pensa tion, awards, damages. !ight (if action and pro(, ,(!. All such eeds tire hereby a."igned to the ivlortgagee, 'who may. after deducting therefrom all iLs expenses, rcleasv; tiny moneys so received bY it Or aPPlv tile same oil any indebte(bles,'; secured h0rehy.Tlie Nlort- gaggr agrees to execute such further assignments of lily compensation. aivard.q. damages, and rights ofaction and proev(.cls a., tj( Nlortgagee may require. That in case of failure to perform tiny of tile covenants borein, tile Nlortgagee may do owthe Nlortgagor's I bell . alf everything so coverianted, that the iviortgagee may also do any let it may (Ice", necessary to protect file lien thereof: that file Nlortgagor will repay upon demand ally moneys -paid or disbursed by tile IN'lortgagee for ,lily of the ab()vc, purposes, in(] such nionevs together with interest. thereon tit the rate provided in said note shall become so much additional indebtedness herebY.Secureol and m*aV 1w ill� eluded in Inv decree foreclosing fhis mortgage hil(I be paid out. of the rents or procceds of sale'of said premises if lot c'therwise paid. that it shall not Ile obligatory upon tile Mortgagee to inquire into the validity of any lien. encumbrance ! s, or claim in a( . I- vancing moneys as above authorized, but nothing herein contained shall Ile construed -is requiring the Nfortgagee , to advallec ally moneys -for any such purpose nori:to do ;Inv act, hereunder; and that Nlorlgag' oe shall not incur any personal liability bec,,jus, ()f aliv- thing it may do or omit to do herounder. In the event of the default by Mortgagor in the paymerl ' t of any installment. I.,; require(I I)Y the Nlote . securvil herchv, or in the performance of tile obligation ill this mortgage or in the note secured thereby, the ?Vlortgagee shall be entit),,d to declare tile debt secured hereby due and paytibic without notice, and the Nlortgagi!e shall Ile ent . itled tit. its option, without notice.'either by itself Or.by a receiver to be appointi,,(l I?Y'the court thereof, and withou t regard to the adequacy of any 'security, for th'e indebtedness cured hereby. to enter upon and take possession of the, mortgaged promises, aild to collect and receive the rents.. issues and profits tilereof, and i.ipply tile -�,Imc, less Costs of operation and collection, upon the indebtedness secured by this mortgage; Said rents, issues and prolits being hereby assigned to tile lvfort�agee as further security for the payment. of all indeblediless sf:ciqed hereby. The Nfor tgagee shall have tile power to appoint, any agenCor agents it may desire for tile purpose of repairing said prem- ises; renting the same-, collecting,the rents, revenues and income, and it may pay out of said income .111 expense, s incurred in rent- ing and managing the same and of collecting, the rentals therefrom. The balance r'emaining, if any,.shall Ile applied toward tho. (fischarge of the.mortgage indebtedness. This assignment is to terminate and b�comv null and void upol 1 Yelea.q,- of this mortgage.