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THIS -MORTGAGE IS ALSO TO BE AND CONTINUE TO BE, FROM TIME -TO TiME SECURITY FOR THE PAYMENT OF SUCH
<br />§UM OR SUMS OF MONEY AS THE MORTGAGEE MAY FROM TIME TO TIME IN THE FU�URE 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 AkiOUNT 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 -MORTGAGOR FURTHER COVENANTS AND AGREES::
<br />That�tlie Mortgagor Nvill, pay the indebtedness as liereiribefore provided.
<br />Th4-the Mortgagor is t lie owner of said 'property in fee simple all d has good right'and lawful au' to sell and
<br />convey the same and that the same is free and clear ofany lien or encumbrance; and that Mortgagor will Nvarrant. and defend the
<br />title to said premises against tile claims of all persons whornsdever.
<br />To pay immediately when (lite and payable all general taxes, Special taxes, special assessments, water charges, sewerserv-
<br />ice, charges, and other taxes and charges against said property, and all taxes levied oil tile (Iebt Secured lie I reby, and io furnish file
<br />Mortgage(% upon r�,quest. with tile original or duplicate receipts therefor. The INIortgagor agrees that. there 'shall he added to
<br />each monthly. piyriieiit'requirod hereunder or under the evidence of debt s
<br />ecured hereby air amount. estimated1by tile Mortgagee
<br />to be sufficient to enable the NlortgageP to pay, a-'; they become due, all tax(.,s� assessnients, and similar charg�os upon the prem-
<br />ises subject, thereto; any deficiency becallse of I lie - i list, fficiency of such additional payments shall he fo'rthwifli; deposited by ill(,
<br />Mortgagor wi , t.h the Mortgagee tripon demand by the Mortgagee. Any default. under this paragraph shall Ile d6emed a default ill
<br />payment of taxes,, ass"sinents, or similar charges required hereunder.
<br />The Mortgagor agrees if . lat. there sliall also he added to each monthly payment of principal and inteeest mjuired here -
<br />Under in aniount estimate(] by the INIortgagee to be.sufficien . I to enable the 'NIortgagee to pay. as it he'come-,; dtic, Iho insurance
<br />premium ()it illy insurance policy� delivered to tire Mortgagee. Any deficiency because of tile instifficion I cv of such additional pay-
<br />ments shall be forthwith deposited by the Nlortgagor with the M . ortgagee upon demand hV tile Nlortgavv. Any defatilt, under tilis
<br />paragraph shall be deemed .1 default in the payment of insurance premiums. If fit(., polic�', or policies depoF-ited are such as liorno.-
<br />owners . or . all risk policies, and t1jo deposits are insuflicielit, to pay tho entire premium, the Mortgagee may apIfly.the deposit to
<br />pay premiums oil risks required U) be insured by *this mortgage.
<br />pa."'llielits inade I)v tile Mortgagor under the above paragraphs may, at tile option of the Nlortgagee, i)o held by it, and
<br />commingled Nvi , ill 'Other such fundL; or its own funds for the payment. of such items, and lintil so apl)li(M. I-mch payments are herebN
<br />pledged as security for ill(! unpai.d balanco of the mortgage indebtedness.
<br />To procure, deliver to. and maintain for tile honefit. of the 1XIortgageo during ill(, life of this mortgage o'igillal policies and
<br />renewals thereof, delivered at least tell days before the expiration of aliv such imlicies. insuring against. fire an'd other insurable
<br />hazards * . casualties, and contingencies as the Mortgagee may require, in an amount equal to the indebtedness secured. by this
<br />Mortgage, and in companics acceptable to [lie INIortgageo, with loss payal)le clause in favor of and in form acceptajile to the Nlortga-
<br />go(?. Ili the event any policy is not. renewed on or, before ten days of its expiration. the INIortgagee may procuri, insurance oil the
<br />improvements, pay the premium therefor, aid such surn shall bec�)rne inimodiately duo and payal)le \\.itll the rale wt
<br />forth in Said note until paid and shall be -,;ecurerl by thlis mortgage. Failure oil the part of fit(! Nlortgagor to fliff.li.111 SLICII retww,&
<br />-is are herein required or- failure to pay any surii.4 advahced hereunder shall, at file option of the Mortgagee. cc�nstitutv a defallit
<br />under the terms o ' I this niortgage..'I'lie delivery of such policies Shall, it, tile event of (j(4alllf. (-olistittite an assi�,Innwllt of the kill -
<br />earned promium.
<br />Any sums received by the Nfortgageo ' v reason of los"; or damage insured lgainst may be)-otaillorl I bV the Niortgageo
<br />and applied toward the payment of the delit 'hc�eby Secured, or, at the option of tile Nlortgagee, such sums eit'ller wholiv or ill
<br />Mortgagor to be used to repair Such buildings or to huild'new building
<br />part may be paid over to tile I s in tllvi� ; place m- for aw,
<br />other purpose or object ;atisfactory to the without affecting the lion oil the mortgagt� for the full amoltint sectirvd li(.,r('-
<br />by before such payment. ever took place.
<br />To promptly repair, restore or rebuild allv hidldiiis o:r improvenionts no\%, or hereafter oil Ihe premi..,� : es which may he -
<br />come damaged or destroyed: to keep said promises in good condition and repair and freo from any mechanic's li�.ri'orothvr lion or
<br />claim of lien not expressly Subordinated to the lien hereof; not to suffer or permit any unlawful use of or ;in.\, nuisance to exist oil
<br />said property nor to permit wast'i,! oil said premise's. nor to (jo ,joy other act whereby the propertY hereby collvt-y(�,rl shall become
<br />less valuable. nor to diminish or inlipair its value fly lily :let or omission to act; 'to collip)v with all requirelilvilts of law with respect
<br />to the mortgaged promises in(] fli(- use thereof.
<br />That. should the promises or any part thereof be taken or damaged by reason (of all
<br />y Iniblic improvement or coliderrillation
<br />proceeding. or under the right of eminent domain, or in arly other manner, the Nlorigagee, ,;flail he entitled to all coin 1 )v nsa tions,
<br />a\,vards, and any other payment or relief therefor, and shall be entitled. at its option, to commence. appear in and prosecute in its
<br />myn name lily action or proceeding, or to make any compromise 'or settlement in connection with such taking or damage. All slich
<br />corn pensat ion, awards. damages, right of action and proceeds are hereby assigned to Ow Nlortgagcc, who may, after ded uct i lig
<br />therefrom all it% expenses� release lily moneys so received by it or apply dle same oil any indebtedness sectired livreby.The Mort-
<br />gagor agre" to execute such further assignments of any compensation, awards, clarringes, and rights of action an(I pr,ocv(
<br />Pvloitgagev may require. -ds as I . he:
<br />That. in case of failure to perform -Illy of tile covelialits he.rcin. the Nlortgageo may do oil the Alorigagor's,behalf everything
<br />so coverianted; that the ivIo
<br />rtgageo may also do any let it. mav devin necessary to protect the lien thereof; that t1w Nfortgagor will
<br />repay upon demand any money.,; paid or dishursed'i) * y the Nfortgagev for illy of tile above.purposes. and such moneys together with
<br />interest thereon at the rate provided.in Said note shall become so much additional ill(lebtednes's hereby secured and mav he in-.
<br />cluded in any decree, foreclosing this mortgage and he paid out. of the rents o . r procoLds of Sale of sai(I prcmisv.� if not o . t . horwise
<br />paid; that it shall not he obligatory upon the Mortgagee to inquire into tho vali(litv of any . lien, encumbrances. or claim in ad-
<br />vanciiig moneys as above authorized, but nothing herein contained shall be construed as requiring the Mortgage"p to wivalic, ally
<br />moneys ' for lily such purpose nor,to do illy let. hereunder; and that Nlortgagee shall not incur lily personal IiabilitV becallse of any-
<br />thing it may do or omit to do lier6under.
<br />Ili the event of the default b% Nfortgagor ill tile payment of any installment, as- required by the Note secured hereby, or
<br />ill the performance of the obligation in this mortgage or in the note secured therelly, the Mortgagee sliall be enti&d to declare the'
<br />debt see " ured hereby due and payable without riotice, and tile Nfortgagee shall he entitled at its option. without ll()ti I co�'. either by itself
<br />or by a receiver to be appointed fly tile court thereof, and withou t regard to the adequacy of ally security for th(, indebtedness se-
<br />cured. 11 ' ereby, �o enter upon and take possession of the mortgaged promises, arild to collect and receive the relits.,issues and 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 profits being hereby assigned to the Mortgagee is further security for the payment of all indebtedness ,
<br />s(�cured herebv.
<br />Tho Mortgagee shall have the power to appoint any agent -or agents it may �lesire for the purpose of rell'airing said prem -
<br />is , es; renting the same: collecting'.the rents, revenues and incore,' and it may pay out of sji(l income all expenses'fricurred in rent-
<br />ing and managin I; tile same,. and,of collecting the rentals therefrom. The b'alance remaining, dany, shall Ile aI;)pIicd toward the
<br />discharge of the. mortgage indebtedness. This assignment is to terminat(i and* become null and void upon relvase*of this mortgage.
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