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<br />THIS MORTGAGE IS ALSO TO BE AND CONTINUE TO BE, FROM TI -ME. -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 T�VENTY (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 />T11E MORU'GAGOR FURTFIER COVENANTS AND AGREES:
<br />That the"Mortgagor will pay the indebtedness as herei n be. fore provided.
<br />That,the'Alortgagor is the owner of saiii property in fee simple arid'has good right and lawful Puthority to sell and
<br />convey file saln(� and that tile. sanie, is free and clehr of anv lien or encumbrance: and that Nfortgagor will warrant and defend the
<br />title to said preniises against the claims of all persons whomsoever.
<br />'Po pay7 immediately �vhen due and payahlo .111 general. taxes. special.taxes. special assessments, water charges, sewer svrv-
<br />ice charge.,;, and other taxes and charge., against said property, and all taxes.l��,-vied oil the debt sco-ured hereby. and to furnish tho
<br />Nlortgagee, upon -request, with file original or duplicate receipts therefor. ',�hv Nlortgagor agrees that. there shall he added to
<br />each monthly 1)ayrnent required hereunder or under the evidence of debt ,ecured horeby in zimounte.�tinmted by the 'Nlortgagee
<br />to he sufficient. -to enable tile lNlortgagee to pay, I,; they become due. all ta.xcs: a."essments, and similar chaiges upon the prein-
<br />ises subject thereto; any deficiencY becallse of the insufliciency of such additional payments ,;hall ho forthwith deposited by:tht,
<br />Nlortgagor with the Alortgagee upon demand by the Nlortgagee. Any default.'urider this paragraph sliall lwdeenwd I default in
<br />payment of taxes, 'assossments, or similar charges required heremider.
<br />'J'he IN I ort gagor agrees that thore sliall also he added,to each illontilly payment of principal Ili(] intvri.stjvquirvd here-
<br />under. an aniount estimated bY the Nlortgagee to be SILfliCiOnt to tile 1\10irtgagee to pay, ;I,, it heconies due, tile insurance
<br />premium oil any Insurance policY delivered to ill(, Alortgagee. Ally deficiencY bucallso of the insufficiency of such additional pay-
<br />nionts shall he forthwith deposited by tile Nlortgagor with the Nlortgageo upon dernand by tIlt1NIortgagc,(�. Ally (lefallIt 1111(1(,r this
<br />paragraph shall be deerned a default in tile pZiyII1e.nf of insurance preiniums. If the policly or policiesdepositerl ari� such as holne-
<br />owners or all risk policies. and the deposits 'ire insufficient to pay the entire' promiuril. the Nlort-agee in -
<br />ay apply the deposit to
<br />pay 1;rerniunis (in rislis required to be insured by this mortgage. . : .
<br />l'a , vinents made -by the Xlcirtgagor under the above paragraphs nia.y. at ill(, option of the Nlorigagev, be held by it all(]
<br />commingled with other such funds or its own I'mids for the payment of such items, and Until so�applied, such payments are berebY
<br />;IS s('CUrity for the unpaid balance of tile Illorfgagv ind.ebtodness.
<br />'I'o procilre, deliver to, all(] maintain for ilie Iwiiefit of.the Mortgagee during the fife (4 this mortgage original policies *Ind
<br />renewals thereof, delivered at least tell daYs before the expiration of anY such policies, insuring against fire nod other insur.,ible
<br />hazards, casualtips, and contingencies as the Mortgagee may require, in an"arnount equal to tile indebtedne ' ss secured by this
<br />INTortgage, and ift.c011ipanies acceptable to the INfortgague. with loss payable chause in favor of and in forin acceptable to tile Nlortga-
<br />gee. Ili dic, event. any policy is not. renewed oil or before ten djvs of its expiration, tll(,
<br />'Nrlortgagoo inny j)r0CL1jV insurance oil the
<br />improvements, pay the premium therefor, ;uld such surn �Zhnll 1)(!c:)ni(! immediatolY due and payable with infores( ni the rato c-,vt
<br />forth ill snid lloto�', 1111til paid and sliall he secured hY this mortgage. 1-ailure oil. tho part of' the INIortgagor to furnish such r(�nvv.-;ds
<br />,Is ay any surns advanced horeun(4�r shall. at; the option of Ow Nlortgagee.-s-onstitut( Iult
<br />, - are livrein required or failure to 1), � a lef".
<br />under the turnis of this illort,,;ige. 'I'll(, delivery of such policies Ldiall, in tile ('vQIIt of deffildt. constitute an assigonwrit of the 1111 -
<br />earned proinillill.
<br />Any sn%n'.1s received by the NlortE,,agve by I'vasoll of lo,;s or darnag(i,insured against maY he retained hY t I i I i i r t.g; I", e
<br />and applit'd to%yard ill(, payment of ill(! debt hereby securod. or, at. the option of the '1\I0rtg;Ig('(!, SLICII SUMS Pithl'r WholIV
<br />or in
<br />part may bo paid over to the INIortgagor to ho used to repair such buildings, ivit to huild'llf,w buildings in t1wil. place or for any
<br />other purpose or objcef safisfnctory to ille NlortAag,�o %vithout affecting, the the morigage for the full ammint secured lic-ry
<br />I)v hefore such payment (,v(,r took place.
<br />'l'o propiptly repair. restore or rebuild an ' y huilding� or ii nprovejoetifs now (ir hereafter on ill(- promisos which may be-
<br />come darnaged or destroyed: to keep said prornises ill good coliditioll and repair and fne front any inechanic's lien orotiler liel i o I.
<br />claim of lien not v , sul-iordinated t,o (he lien hereof; not to suffer or 1wrinit any unlawful use (if or anv nuisance to exist,on
<br />said property nor to permit waste oil said premises, nor to do 'Ony other act wher0w the property hereby con\;(,v(!d shall beconit.
<br />les, valuable, nor to diminish or impair its:value by any act. or onlissioll to act: to complY with all requirement, of law with r(�.,pect,
<br />gaged p,
<br />to-thu mort," rernises and the use thereof:
<br />That should Ihv premises or any_:part thereof be taken 'or dainaged by rt,-ason of Ili ' v public improvement or condemnat'liOn
<br />proceeding, or'under the right of eminmit domain, or in anY otli(�r manner, the iNlorigagee shall bp plitilled to ali conlpensati(;Ils.
<br />-therefor, and sliall he entitled, at, its option, to commence, appear in and prose -cute ill:it-,;
<br />.1%v,jr(Is, and any of1wr payment or reli(4
<br />own nalne ,Illv achon or proceeding, or fo�nmke any compromise or settlement in connection with such taking or darnagp. A]I s:1ch
<br />cj),11pe,lisation, 'awaM,. darmiges, right of -action and proceeds are hereby a.,�signed to the %lortgagee. who maY, after dedu7cf-ing
<br />therefrom :ill ifs�e.�peiusys, release any monuvs so.receivod bY it or apply the salile oil any indebtedness secured hereb . v. I Phe \I(,)rt-
<br />gagor agrees to execute such flirther assignment., of any comperisntion, awards, daning". and rights (if action and procceds m� the
<br />1\lorigagef� may require,
<br />it it
<br />'I'li, I case of faillil-f! to perform any of tile covenants h0rein. the Nlortgagee may do oil the Nlortgagor's behalf evor ' \-thing
<br />so covenanted; that ill(! Nlortgagee may also do any act it. may deem necessary to protect. the lien thereof: that the 'Nlortgagor will
<br />repay upon demand any nioneys paid or disbursed by the Nlortgagec. for any of tile aho , ve purposes. and such moneYs together N%;itli
<br />interest thereon at tile rate provided in said,note shall becO1110 so IIILICII WiditiO11,11 indebt(-thiess hort-bY securvd and may he in-'
<br />cluded in any deCree foreclosing this mortgfige and he paid out. of the rents or proceeds of sale of said premises if not othcrwise
<br />paid: thalt it, shall lint, he obligatory upon the Nfortgagee to inquire into the validity of any licn, encurnbranc!,s, or claim in ad-
<br />vancing moneys as above alithorized, but nothing.herein c()IItlioe(I slj�dl be construed ,I.,; requiring the %lortgagu*v to ;Idvance any
<br />moneys for' -any such purpose nor to do any act. llereundi�r: and that Nlor(gagev ,;hall not incur anY pvrsonal liability hecaust. of ally -
<br />thing it may do or Ornit. to do hereunder.
<br />in the (`!vvn*t of the,dL4ault. by 3\1ortgagor in the payment of any installment, a.,; required by the Notv sucurod herchY, or
<br />ill the perf(!rmai�c.e of tile obligation in this mortgage or in the not(, secured thereby, the Nlorlgag(T sliall be ontitled to declare ill(,
<br />debt. secured-liereby due and payable witho.111, notice, and the ivIortgagee shall he -entitled at its option. without ll(;tic(,,. eitlicrh� itself'
<br />or by ;I receiver to be appointed by the court, ther ' eof. and without regard to tjiL adeqUaCy of Mly securitY for file indebtedness se-
<br />cured hereby, -6;-enter upon and take, possession of the niortgaged prem iSes, and'to collect and receive the rents. issues and profits,
<br />'indebtedness secured by this
<br />thereof, alirl,aplily. tile same, less cost,,; of operation and collection, upon the s mortgage: said rents,
<br />issues and )broltfifs being herebv assigned to the Nlortgagee as further securitly for the payment of all indvblvdnes� socured lierebv.
<br />'I'll(, Nlortgagee shall have Ilie power to appoint any agent or agents it, - may desire for the purpose of repairing said prvni-
<br />ises: renting the,same: collecting the rents, revenues and income, and it may pay out of said income -ill expens.Vs incurred in rent-
<br />ing and managing, fill! saino and of coliecting the rentals therefrom. The.balan ' ce remaining, if any, shall be "applied toward tile
<br />discharge C)f the-niortgage, indebtedness. 'rhis assignment is to terininate and N.,coniv null and void upon releasoofthismortgage.
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