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010022. . _J�,/ 14 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 T14E TOTAL INDEBTEDNESS SECURED - BY'THIS MORTGAGE SHALL NOT EXCEED ONE HUNDRED TWENTY Q20) 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. I . THE MORTGAGOR FURTHER- COVENANTS AND AGREES: That the Mortgagor will pay the indebtedness as hereinhefore provide(]. That the Mortgagor is the owner of said property in fee simple and has good right and lawful authority to sell and convey the same and that tire same is free all(] clear of any lien or encumhrance: and that Mortga�or will warrafit. and defend the title to said promises against the claims of all persons whomsoever. To pay immediately when dire and payabla all general taxes, special taxes, special assessments, water charges, sewer serv- ice charges, and other taxes and charges against said property, and all taxes levied oil the debt secured hereby, and to furnish the Mortgagee, upon request, with the original or duplicate receipts therefor. The iMortgagor agrees that there be add(,(] to each monthly payment required hereunder or under the evidence of debt. secured hereby an amount estimated by the Nfortgagee to be sufficient to enable the I'vlortgagee to pay, as they become due, all taxes. assessmonts. and similar charges upon the prem- ises subject thereto; lily deficiency because of tile insufficiency of such additional payments shall Ill, fort liwith . deposi ted by the Mortgagor Nvith tire Mortgagee upon deniand bY tile.. Nlortgagee. Ali), default under this paragraph shall he devined a default ill payment of taxes, assessments, or similar charge.,; required hereunder. The Mortgagor agrees that there sliall also he added to (-;tell monthly payment of principal ;;nd inter",t required here- under lit amount estimated by the Nlortgagee to be sufficient. to ellable the 1"'lortgagee to pay, as it becomes (I I tie' the insurance premium oil lily insurance policy delivered to the Nlortgagee. Any deficiency hecause of the insufficiency of such . additional pay- lileilts shall he forthwith deposited by the Mortgag-)r with the Xfortgagee topon demand by tire Mortgagee. Any default under this paragraph ,;hall he deemed a default ill the paymoint of insurance premiums. If the policy or policies deposited �ire' ,inch as home- owners or all risk policies, and the deposits are insufficient. to pay the entire premium, the Nlortgagve. may apI )IY tile deposit to pay premitims-on risks required to he insured by this mortgage. Payments made by the Nlortgagor under the above paragraphs may, at the option of the �,Iorfgagcc, he held bv it air(] commingled with other such funds -or its own funds for the payment of such items, and until so applied. such pa�,znents are herebY pledged as security for the unpaid balance of the mortgage indebtedness. To procure, deliver to, all(] maintain for the benefit, of the Nlortgagee (hiring the life of this mortgage orig . inal policies and renewals thereof, delivered at least ten days hefore the expiration of ,lily such policies, insuring against. fire and other insurable hazards, casualties, and contingencies as tile Mortgagee may require, in an amount equal to the indel)te(lncsq secured by this Mortgage, and in companies acceptable to the INIortgagee, with loss payable clause in favor of and in form acceptable to tile Nlortga- gee. In the event any policy is not renewed oil or before ten days of its expiration. the Nlortgagee may procure insuranceon tile imInovements. pay the prernium therefor, and such suin �ihall I)ec:)ni(! immediately due and payable with inlere,�';t- at 'the rate set forth in said note until paid and shall be secured 1) 1 v this mortgage. l-ailure oil the part (if flie Nlortgagor to furnish such renewals v; are herein required or failure to pay lily stims advanced hereunder shall. at tile Option of the Mortgagee. constitute a default under the terms of this mortgage. 'I'll(, delivery of such policies shall, in the event of default, Constitute an assignment of the lill- earned premium. Any sunis receiveol by the Nlortgagee by reason of lw;s or daniage insured against may be retained 1) the A,fort gagee and applied toward the imynient of the debt hereby secured, or, at tile option of tile Mortgagee, such sums either wholl ' v or in part. may ho paid liver to tile Nlortgagor-to he tised to repair such buildings or to build'new buildings in their: place or for any other purpose or object satisfactory to the Nlortgagee without affecting tile lien oil the mortgage for the full aniount secored lier(!- by before such payment ever took place. To promptly repair, restore or rebuild anv buildings or improvements no%%, or hereafter oil the premises which maN be- come damaged or destroyed: to keep said premises in good condition and repair and fr(�v front ,lily mechanic's li("n or other lien or claim of lien not expressly subordinated to tile lien hereof: riot to stiffer or perpiii ally unlawful use of or anY nuisance to exist oil said property nor to permit waste oil said premises. nor to do lily other act wherehy the property hereby conv� . -yed shall become less valuable, nor to diminish or impair its -,,,title by lily ,let. or omission to ad: to comply with all requirements of law with respect. to the mortgaged premises,and the use thereof. I That sliould the premises or any ))art. thereof be (aken or dainage( ' I fly reason of in%, public improvement or co*ndenination proceeding, or under the right of eminent domain, or in any other manner. the ivfortgagve shall be entitled to all conilwirsations, awards, and my other payment or'relief therefor, and shall he entitled, at its Option, to commence, appear in and proso.-cute in its own name illy action or proceeding, or to make any compromise or settlement ill connection with such taking or, damage. All such compensation, awards, damages, right of action and proceeds are hereby assigned to the Nlortgagee, who may, after deducting therefrom all its expenses, release any nioneys so received bY it or apply the sarne oil mv ijl(jehte(lljes.'4 secured here1w.'I'lie Nlort.- gagor agrees ' to ' execute such further 91, rile 11 ts of -any compensation. awards, damages. and rights of action and proceeds as the Mortgagee may require. i That in case of failure to perform any of the covenants herein, the Nlortgagee may (to oil the %lortgagor's,helialf everYthing so covenarited; that tile INIortgagee may also do any let it. may deein necessary to pr�otect the lien thereof: that tl�ie Nlortgagor will repay upon demand lily moneys paid or disbursed by the Nlortgaev for ally of the above purposes. in(] such moi'ieys togeilier with - interest thereon at tile rate provided in said nole shall become so much additional inilebtedness liereb ' v secure(l and may be in- cluderl in any decree foreclosing this mortgage and 1) ' e paid out. of flie rent.,; or proceeds of sale of said preni.is" if riot other"lise paid; that it shall riot Ire obligatory tipon the Mortgagee to inquire into the validity of any lien, encumbrances. or claim in ad- vancing moneys as above authorized, but nothing hervin contained shall be c'onstrued as requiring the Mortgagee to advance -my moneys for any such purpose nor to do any act hereunder; and that wlortgagee shall riot. incur lily personal liability because of an -- thing it may do or omit to do hereunder. Ill tile event of tile default 1) ' v Nfortgagor in the payment of any installment, is required by the Note sequred hereby, or in the performance of the obligation in this mortgage or in the note secured thereby, the Nlortgagee sliall be entitled to declare the , debt secured hereby due and palable without notice, and tile Nlortgagee shall be entitled at its option, without notice, either by itself or by.a receiver to be appointed by the court thereof, and without regard to tire* adequacy of any security for tile indebtedness se- cured ' hereby, * to enter upon and take possession of tire mortgaged premises, and to collect. and receive die rentsjssue� and profits thereof, and aI!oj)Iy* the same, less cost,,; of operation and collection, upon the indehtvdnes�s secure(] by this mortgage; said rents, Jssues and profits being he'reby assigned to the Nlortgagee as further security for the payment. of all indebtedness soo-ured hereby. The Mortgagee sliall have tile power to appoint. lily agent or agents it may ('Iesire for the purposv� of rep airing sz I fid preim- ises;' renting tire same: collecting the rents, revenues and income, and it may pay out of said income all expenses. incurred in rent- ing and managing ' the.same and of collecting the rentals therefrom. The balance remaining. if any, sliall. he applied toward the discharge of the mortgage indebtedness. This assignment is to terminate and become null and void upon release of this mortgage.