THIS MORTGAGE IS ALSO TO BE AND CONTINUE TO BE, FROM TIME TO TIME, SECURITY FOR THE PAYMENT OF SOCH
<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 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 TERMS OF THIS MORTGAGE.
<br />THE MORTGAGOR FURTHER COVENANTS AND AGREES:
<br />rhat fit(! Mortgagor Nvill pay the indebt.edness as hereinbefore provided.
<br />That.the Mortgagor is the owner of said properly in fee simple and has good right and lawful authoritY to sell ;and
<br />convey the same and that the same is free and clear of illy lien or encumbrance; and that 'NIortgagor will warrant and defendAhe
<br />title to said premises against the claims of all*persons whoillsoever.
<br />To pay immediately -when due and payable all general taxes, special tax", special assessments. water.cliarges, sewer serv-
<br />ice charges, aild other taxes and charges against said property, and all taxes le'vied oil the debt secured hereby. and to furnish tile
<br />Nlorigagee. upon request, with the original or duplicate receipts therefor. The Nlortgagor agrees that there shall he added to
<br />each monthly j)ayinent required hereunder or under fit(- evidence of debt secured hereby in aniount estima . tVd bv the Nlo-rtgagee
<br />to fie sufficit'lit, to ellable tile Mortgagee to pay, as they become due, all taxes.. assessments. and similar char ges upon the prem-
<br />ises subject thereto; lily dvficiencY because of tll('� insufficivilcy of slich additiollal payments sliall be. forthwith deposited by� tile
<br />Nlortgagor with fit(, INIortgageo' upon- deniand--by the Mortgagee. Any defatilt under this paragraph shall be devilled a default in
<br />payniont. of takes, assessments, or similar charges. re(lifired hereunder.
<br />The Nlortgagor agrees that there shall. also be arlded to (,:tell monthly payment. of principal and interest required here-*
<br />Under all anloulit, estimated 1) ' v the Nlortgagee to.he sufficient to onable the Mortgagev to pay, as it beconies dfie,- the insurance
<br />prenihini oil any insurance policy delivered to the Nlortgagve. Any deficiencv,liecause, of fit(! insufficiency of such additional pay-
<br />nielits -;hall he forthwith deposited by fit(- Mortgagor with the Mortgagee upon' demand by the Nlortgagee. Ally default. under this
<br />paragraph sliall he deenied .1 default in t1w payinent. of insurance prenlililn.�, If the policy or policiesdeposited aresuch as home-
<br />owners or all risk policies. and the deposits are ' insufficient to pay the entire premium, the Mortgagee may apply tile deposit to
<br />pay f,)rvinitinis oil risks required to be insured by this mortgage.
<br />1a * vinelits made by fit(! iNlortgagor under the above paragraphs may, at, the option of fit(, Nlortgagee, he hold by it. and
<br />cmillilingled with other such funds or its own funds for the payment of stich items. in(] until sn, applied, such payments are herehy
<br />pledged as security for the impaid halance of the mortgage indebtedness.
<br />To procure, deliver to, and maintain for 4he benefit of the Nlortgagve during the life of this mortgage original policies and
<br />renewals thereof, delivered at least tell da * Ns before the expiration of any such policies, insurin', against fire and other insur, . ible
<br />hazards. casualties. and contingLncies as the Mortgagee may require, in all alliolint e(jual to tile indebtedness secured by this
<br />Nloy(gage, and hi coi.npanies acceptable to the Ivlortgagee, with loss payable clause in favor ofand in form acceptable to file Mortga-
<br />gee. In tile event any policy is riot renewed oil or before ten da ' vs of its expiration, the INTort'gagee may procure insurance oil ille
<br />improvements. pay fit(- premitini therefor, and such slull sliall becorne immediately (lite and payahle with intere.4f at tile rate set
<br />forth in said note until paid and shall be sectired 1) 1 v this mortgage. Failure oil tile part of the Nlortgagor to furnish such rene%'vals
<br />as are hervin required or failure to pay lily sunis advanced hereunder ,;hall. atr the ol)tion of the Nlortgagee. constitilte a (jefault
<br />l,e. (jeliverv� of Stlell I)o "Illnellf (if the till -
<br />under the terms of this rnortg� licies shall, in the evelit of default. constitute all assig
<br />earned preinium.
<br />Any sums received by the Nlortgagee )w reason of loss or damage in*sured against. may be retain('
<br />�d 1) ' y the Nlortgagev
<br />and applied toward the paYinent of the debt herebY secured, or, at, fit(- option of the Nlortgagee, such sunis vitherwholly or in
<br />part may be paid over to the Nlort'gagor to be used to repair �uch buildings or to build new buildings in their place or for any
<br />other purpose or object satisfactory to the Nlortgagee without affecting, the lien -(in the morigage for fit(- full aniount secured here-
<br />by before such pAYment. ever took place.
<br />To promptly repair. restore or rebuild' any buildings or inipi-mements no\\, or hereafter oil the premises which may be-
<br />come daniaged' or destroyed; to keep said premises in good'condition and repair and free front lily inechanic's fiell or ottier lien or
<br />claim (if lien not expr"sly stihordinated to the fien hereof; not to suffer or permit anY unlawfol use of or anY nuisance to exist on
<br />said I s
<br />propertN , nor to permit waste oil . aid premises, nor to do :lily other let wherebY the property hereby conveyed shall hecome
<br />less valuahle. nor to diminish or impair its value by lily act or omission to act; to comply with ;ill requirements of law with respect
<br />to the mortgaged premis.es in(] the ust, 1hereof,
<br />That Ailitild fit(, premises or ;in.\, part thereof he taken or damaged byreason of anY public improvement oi- condeni nat ion
<br />proceeding, or�iinder the right of eminent donlain, or ill aliv other manner, fit(- 'NIortgagee shall [it, entitled to a] * I compensations,
<br />awards, and ;illy other payment or relief therefor, and ,;hall he entitled. at its -option, to commence. appear in and prosecute in ' its
<br />own name any aelion or proceeding, or to inake any compromise or settlement, in C0111leCtiOn With SLICII taking� or daniage, All silch
<br />compensation. a�vards. damages, right of action and proceeds are hereby ' gned to the 'NIortgagee. who ibay. after dedliciing
<br />therefrom all its expenses. release lily nioneys so"received bY it. or apply the sal"t- on 'Illy indebtedness secured hereby.The 1\'Iort,-
<br />gagor agrees to exectite such further assignments of ,lily compensation. awards. damages, and right.,; ofaction and proceedsa., the
<br />Mortgagee may require..
<br />That in case of f;iiltire to perform any of tile covenants hervin, the Nlortgagee may do oil fit(, Niortgagor's [)(,half everything
<br />so covenanted: that tile Nlortgagee may also (to any act it. may deein nemssary to protect tile lien thereof; that the Nlortgagor will
<br />repay upon demand any nioneys paid or disbuised by tile Nlort.gagee for ativ of the above purposes. in(] such nionevs toget wr it
<br />interest. thereon at the rate provided in said note shall become so much additional indebtedness herebY secured and may be in-,
<br />cluded in any decree foreclosing this mortgage and be paid out, of the rent-,; or proceeds of sale of said premises if not otherwise
<br />paid; that it shall not be obligatory upon the Mortgagee to inquire into the validity of any lien, encumbrances. or claim in ad-
<br />vancing moneys as ahove authorized. but nothing herein contained sliall be construed as requiring.the Nlortgagee to 'ldvallce any
<br />moneys for any such purpose nor to do ,lily act. hereunder: and that. Nlortgagee shall not incur any personal liability because of an% -
<br />thing it may do or ornit to (to hereunder.
<br />Ill the e'vent of till! (jefault bY Nfortgagor in the paynient. of lily installment, as required by the Note secured hereby, or
<br />in the'performance of the o bligation in this mortgage or in the note secured thereby. tile Nlortgagee shall be entitled to declare the
<br />debt SeCtired hereb * y chiv and payable without notice, and the Nlortgagee ,;hall be entitled -it its 01)tioll, without notice, eitherby itself
<br />or by a receiver to be appointed by the court thereof. and without regard to tile adequacy of 111V SeMlrit�- for the indebtedness se -
<br />and
<br />cured hereby, to enter upon and take possession of the mortgaged promises, and to collect receive the rents, issues and profits
<br />thereof, and apply same, less costs of operation and collection. upon tile' indebtedness secured by this mortgage; said rents,
<br />issues in(] prpfits being hereby assigned to the Mortgagee as further security for. the payment of all indebtedness secured hereby.
<br />The Mortgagee shall have the power tw,appoint illy agent or agents it may desire for the purpose of repairing said prem-
<br />ises: renting tiw same: collecting fit(- rents. revenues and income, and it may pay out of said, income all expenses incurred in rent-
<br />ing in([ managing the same and of collecting the rentals therefrooi. Tile balance remaining. if ally. sliall he applied toward the
<br />discharge of the mortgage indebtedness. ']'his assignment. is to terminate and b6come mill and void upon relelase(it this mortgage.
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