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()10020 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 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 ATORTGAGOR FURTHER COVENANTS AND AGREES: That th� tvlortgagor will pay the indebt edness as hereinhefore provided. That the-, 'Nlortgagor is the owner of said property in fee simple anti has good right and lawful audioritv to sell and convey the sarie and that the same is free and clear of any lien or encumbrance: and that Nlortgagor Nvill Nvarrant. ,in(] defend 1114� title to said premises against the claims of all persons whomsoever. To pay* ininiediately when due and payable all general taxes, special taxes, special assessments, water.charges, sewer serv- ice charges, and,oilier taxes aild charges against said property, in([ all taxes levied oil the debt. secured hereby :.and to fUrnish tile i0ortgagee. uport request, Nvith the original or duplicate receipts therefor. The Alortgagor agrees that. there shall he -added to each monthly payrpent required hereunder or under tit(- evidence of debt sectired hereby ,fit amount estimated by the Nlortgagef, to be sufficiplit. to enable the IN'lortgagee to pay, as they become (life, all taxes. assessments. in(] similar charges upon tliv'preni- ises subject thereto; any deficiencY because of the insufficiency of such additionRl payments shall he forthwith deposited by the Nlortg*agor with the Mortgagee upon deniand 1) ' v the Nlortgagee. Any default. litider this paragraph shall Iw deemed a default in payllient of taxes,. asses.ginents, or similar charges required hereunder. The Nlortgagor agrees that there sliall zilso be added to vach monthly payment of principal and interest required here- under fit aniount..0stiniated bY the Nlortgagee to he sufficient to enable ill(, IN'Tortgagee to pay. is it becomes I due. tit(! insurance premium oil any' i0surance policY delivered to the"NIortgagee. Any deficiency because, of ill(! instifficiencY of such additional pay- nients sliallbe forthwith deposited 1) * v tile N'lortgagor with the Nlortgagee, upon demand by the iNlortgagee. Any defanit under this paragraph shall' lid deemed a default in tit(, payment of insurance prenininis. jf ilie polic ' y or policies deposited, are such as hoine- owners or all risk -policies, and ill(-, deposits are iiisuflicient to pay ill(, entire pronliurn, tile Nlortgagve may -apply the deposit to I )ny prenliums 6�o'.risks required to he insured 1)), t -his mortgage. 11,11Yflient s made by t1w Nlortgagor und (;r- Ow above paragraphs may. I t the option of tilt, Nlortgagee ' ho livid bY it and commingled witir other such fund� or it.,; own fiftids for ill(, payment. of such itenis. and until so applied. site]) paynienk are pledged as security for OW 1,1111),lid balance of tile, mortgage indebtedness. To prisqure, deliver to, and maintain for. the benefit of the Mortgagee during t1w life of this mortgage original policies and renewals thereof, delivered at least tell days befo �i� the expiration of any sue'li, policies, insuring against fire in(] other insurzible bazards, casualties, and contingencies as the TY16rtgagee may require, in in amount equal to the indebtedness securNI by this 1%lortgage, and in companies acceptable to tile Nl(irtgagee, with loss payable Clallse in favor of and ill form acceptable to t1w gee. -In the event any policy is not, renewed oil o r before ten days of its expiration. tit(- Nfortgagee may procure insuranve on the improvements, pay tit(! premium therefor, and such suni shall beenniv inimediatel-, (Ille and p;iyable with interest at ill(- rate Set forth in said note -until paid and shall be, secured 1) 1 y this mortgage. Failure on.the part. (if tilt, Nlortgagor to fuhlish such rvilewals as, are herein requi red or failure to pay any sunis advanced hereunder shall, at ill(' option of tile 1%lortgaget" constitute a default under the ternis of this mortgage. The deliver.y of such policies Shall. ill ill(- event of defallit. constitute all assignment (if tilt' I , in - earned proniiiiiii. Any surns recek;ed bY the '\Iortgagee by reason of loss or daniage insured ;u;ainst, inav he retailic(l h%, t1w NIor1;g;1;1(.(. and applied toward ill(, payment of tile debt hereby. secured, or, at. the optiiiii of the Nlortgage(,, orin part ina ' v Iw paid over to ill(., Nlortgagor if) be used to repair such buildings of- to build'new buildings in their place or for a7w, other purpose or object satisfactor ' v to the Nlortgagee, without affecting ill(' lien oil tilt' mortgage to[- ill(- full aniount sccured here. I)v before such payment ever took place. To promptly repair, restore of- rebuild anY building -s or iniprovenient-,� now or hereafter oil the pronlises which nia ' v - he - come, daninged o . r destroYvd: to keep said preniisv� in good condition and repair and free from anY nlec) in it ic's lien orother lien or chaini of lien not expressly subordinated to (lie lien hereof: not to stiffer or perinif any unlawful use of or anv nuisance t-) exist'oll said property nor to permit waste oil said Premises, not- to (to in\, other ,let. whereby the property hereby con'veved shall become les'. v�jljl, abl -aluu, bN any let or omission to act: to conip1%, with all requirements of law with respect e. nor to diminish or inipair its %. to the niortgage(f prernises and the use thereof. That should the 1) * reinises or ;ill.\- part thereof be taken of- daniaged by 'reason of anY public improvement or condrinnaiion proceeding, or under tilt- right of enlinent domain, or in any other manner. tit(- Nfortgagee shall he entitled to."111 colllpensatioll.�, awards, and any -other payment or relief therefor, and shall be entitled, at. its, oI)tioll, to conlillence. appear in and-prosectile in its own name tiny action or proceeding. or it) make 11111Y compromise or settlement. in connection With such taking or dainage. ,%If such compensation, awards, daniages. right of actioli �ind proceeds Lre hereby a.,�signcrl to the 1%lortgague. who nia.y. after deducling therefrom all it.�, expenses, release any moneys so 'received by it. or apply the -.�aflle oil ;Illv initehiednes.,z secured here1w. The NI o'rt- gagor agrees to' executo such forther assignmeli I ts"of any compensation. and rights of action and proveods as 'file Nlortgagev may',require. That in,case of Tailure to perforin any of tit(, covenants herein. the Nlortgagee may do oil ille %Iorfgagor*s behalf everYthing so covenanted;'that the Nlortgagve may also do -any act it. may deeni necessarY it) protect, ill(! lien thereof; that the Nlortgagor will repay upon demand any moneys paid or disbursed bY tit(- Nfortgagve for -any of the above purposes, and such inoneYs togetherwith interest thereon at the rate provided in said not(� shall become so much additional indebted ness liereh ' v secured ;tit(] may he I ill- chicled in an * v decree foreclosing this mortgage nn.id be paid otit of 111v rents of- *proceeds of sale of said premises if not otherwise. paid; that it sliall not be obligator�' LlI)011 tile Nlortgagee to inquire into ill(- ValiditV of liull. encumbrances. or claim ill ad- vancing monevs as above authorized, but nothing herein contained -;flat] be construed is requiring the Alortgagee to advanct, ally moneys for any such purpose not- to do any ,let, hereunder; all(] that Nlortgagee, shall not incur anY personal liabilit.v.hecall��,(, ofall.v- filing it. may (to or ornit to do hereunder. Ill tile event of tile default I)v IN'lortgagor in the payment of in), installment, as' required bY the INNote secured hereby. of - in the performance of tile obli-gation in this mortgage, or in tilt, note secured thereby, tile Nlortgagee shall lie VotitIC(l to declare (he debt secured hereby due and payable without notice, and ill(- Nlortgagee sliall 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 tile acle(Itlacy of any securit ' N, for the indebtedness se- CUred hereby, to enter upon and take possession of the mortgaged premises, and to collect and receive the refits, issues and profits thereof, in([ apply tit(- same, less costs of operation all(] collection, upon the indebtedness secured by this n)ortgage; said rents, isL,;ues and profts, being hereby assigned to tile INIortgagee as further securitY for tile payinent of all indebtedness secured herebv. The iNfortgagee shall have tile power to appoint, any agent or agents it may desire for the inirpose of repairing said prein- ises: renting the same; collecting ill(! rents. reventies and income, and it May pay olit. of said income all expenses , incurred in rent- ing in(] managing *the same and of collecting the rentals therefrom. The balance remaining, if any. sliall he applied toward thp discharge off the mortgage indebtedncs�4. This assignment is to terminate and beconle mill and void upon release of thismortgage.