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010041 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 MORTGAGO14, AND EVIDENCED BY A -SUPPLEMENTAL NOTE OR NOTES, BUT THE TOTAL INDEBTEDNESS SECURED BY THIS MORTGAGE SHAU NOT EXCEED ONE HUNDRED TWENTY (120) PER CENT OF THE AMOUNT NOW OWING, EXCEPT FOR ANY. ADVANCESTHAT MAY BE MADE TO.PROTECT THE SECUR.ITY IN ACCORDANCE WITH THE TERMS OF THIS MORTGAGE. Ti -m- XiORTGAGOR rURTHER COVENANTS AND AGREES,:.' That tli�, Nlortgagor will pay the indehtedness as liereinbefore provided. That t1fe 'Nfortgagor is the owner of ,jaid property in fee simple and li'as good right and lawful authority to sv]I and convey the san�v'arid that the saine is free and clear of any licil or encurnimincP: and that iNfortgagor will warrant. and defend the title to said 1,remises against the claims of all persons lionisoever. To pay.ininiediately when due and payable all general taxes, special I ixes, special assessments, water charges, sewer serv- aill ice charges, and other taxes and charges ag, st said property, and all taxes levied oil the debt. secured hereby. in(] to furnish the Nfortgagee, upon request, with the original or duplicate receipts therefor. Th�, Nlortgagor agrees that. there sliall Ile added to each monthly payment required hereunder or under the evidence of debt, secured hereby :III aniount estimated by the Mortgilgee to he sufficient to.enable the Nlortgagee to pay, I.,; thvy become duc, all taxes. assessnients. and similarcharges upon the preni- ises subject, thereto; any deficienc ' v because of fill! insufficiencv of slich additional payments shall be forthwith deposited by -the Nlortgagor with the Nlortgagee upon demand by. the ivlortga,gee. Any default tinder this paragraph shall he deemed a (](,fault in payment of taxes, assessments, or shnilar charges required hereunder. 'I'll(, Nlortgagor agrees that there sliall also he added to each monthly payment of principal and interest required liere- under all amount estimated by the Mortgagee to he sufficient to enable the Nlortgagco to pay, as it heconies due, tile ilis-lira,lice. premium oil any insurance policy delivered to the INlortgagee. Any deficiency Iveause of the insufficiencY of' stich additional pa, nients Aiall hefortliNvith deposited by the Nlortgagor with t1w NlOrtgagee upon demand fly the �'%Iortgagee. Am, default Illidor this paragraph sliall be deerned I default ill the payment of insurance premiums. If fit(-- policY or policies depo�;ited are such as home- owners or all risk policies, and th(- deposits are -insufficient. to pay tliv entire premium, the INI`ortgagi�e may apply the deposit to pay premiums oil risks �equired to be insured by this mortgage. l3a * vineilts made by the Nlortgagor mider the above paragraphs may. at the option of the %lortgagee. he held by it and commingled wi(li. other such funds or its own funds for fliv payment of such items, and until so applied, such payments are pledged :is security for the unpaid balance of the mortgage iildebtedness-. To procure, deliver to, and maintain for: the benefit of' the Nlortgagee during the life of this mortgage original policies and renewals thereof, delivered at least ton daYs befo r.v t1w expiration of any such policies, instiring against fire and other in.-mrahlo hazards, casualties, and contingencies as the Mortgagee may require, in an amount equal to the indebtedness secured fly this Alortgage, and -in companies acceptable to the IN-lortgagee, Nvith loss payable clause ' in favor of and in form acceptable to the Nlortpa- gee. III the event. any policy is not renewed oil or before ten days of its expira'tion, th(: Nlortgagve may procun� insurance on'the inip'rovements, the premium therefor. and such slini shall become iminediato,ly due and pnyahle with interest at the rate Set forth in said notv "until paid and shall be secured bY this mortgage. Failure on-dw part, of the Nilortgagor to furnish such rvni,waFz -I.,; are herein required or failure to pay any sunis advanced hereunder shall, at.. the option of the INJortgagev. constitute ;I default under the terms. of ' this Illortgage. The delivery of such policies shall., in the vv(!nt of default. constitute an assignment of tlIv 1111- variwd Any su . nis received hy the Nlortgagee bY reason of loss or damage 'i�ns'urt�d against maY he retained hY the Nlortgagec. and applied tii%�Ird the payment of the debt ll(�rvb.v secured. or. at the optii-ill of tile Nfortgagee,such simisvither wholl - v or in part, Ina ' v he pa , id over to the iNlortgagor tit he used to repair such buildings or to build,liew buildings ill their placv or for :11IN other purpose or object satisfactor.y. to the Nlortgagee without afTecting the lien. oil the mortgage for the full oniount socured here I)v hefore such -I'myllielit ever took place. To promptly repair, restore or rebuild ;in ' v buildings or improvements no\%, or hereafter oil t1w premis(-s which ImlY be- come damaged 6r destroyed: to keep said prernisys in good condition and repair and free from any mechanic's livii orother lien or claim of lien not expressly subordinated to the lien hereof: not to suffer oi- pt-rinit ;III,., unlawful use of or :III.\, olliSN11CC t 0 ('NiM Oil said propert.% nor to perinit wnste oil said premises, nor to do any other ,let. whereby the property hereb ' v conve ' \vd shall Iwcorne less valuable. nor to diminish or impair its value by any act. or oinissiorl to act: to comply with all rcquirements of law with respect to the mortgaged premises and the us(! thereof. That should the premises or any part thereof he taken or damaged I)v reason of :Ill.\, public improvement or condemnation proceeding. or under the right of eminent domain, or in anY other manner. the Nlortgagee shall he olititled to aII compensations, awards, and any other payment or relief dwrefor, and shalt lie entitled. at its option, to comillence, appear ill and prosecute ill its own nainc. any action or proceeding, or to make any compromise or settlement. in connection with such taking*or darliage. All such conij)ensation, awards, damages, right (if action and proceeds aro hereby assigned to the i%lortgagee, who may, after deducting therefrom all its expenses, release any nioneys so received bY it or apply the same (in any indebtedness sectired hvrvhy.T1w Nlort- gagor agrees to execute such further assignments of any compensation, awards, damag'e�. and rights of action ;III([ proct�vds �;s t1w I Nfort g, ageo may require. That in case offailure to perform any (if the covenants liereill, the Nlortgague Illay (to oil the Nlortgagor's 1)(4ialf everYthing so covelialited; diat the Nlortgagee May also (to any ;let it, Illay deelil liecessary to protect the lien thercof: that the %lortgagor will repay upon demand anv mone ' vs paid or diShLirsed by the Nfort gagec for any of the above purposes, ;in(] such nioneys together %�-itli interest. thereon: at the rate provided in said note shall become so inuch' additional ill( - lobtedliess hereby secured and inav ])(,'in- cluded in any decree foreclosin, this mortgage and he pai'd out of the rents or procceds of sale of said prenlises if not otherwise paid; that, it. slizill not he obligatory upon the Nlortgagee to inquire into the validity of any lien, encumbrances, or claini in I(]- varicing nioneys as above authorized, but nothing -herein contained shall be construed as requiring the Alortgaget, to advance ally nioneys for any such purpose nor to do any act. hereundcr: and that Nfortgageo sliall not inctir any personal liabijitY hevalist, ofally- filing it may (to 'or ornit, to (to hereunder. in the.e.vent. of the default, by iNlortgagor� in the payment of an.N., installment, as required by the IN'ote secured herchv. or in the performance of the obligation in this inortgage or in fliv note secured thereby, the 'i\lortgagee shall he vntitIcd to declare the debt secured hereby due and lla.vable without notice. in(] the Nlortgagee sliall bi�!.entitled at its option, without notice. either by itself or by a receiver to be appointed by the court thereof. and without regard to the adequacy of any securitY for the indebtedness se- cured hereby. to enter upon and take possession of the mortgaged premises. and to collect, and receive the rents, i.,Nlies and *profits thereof, atilt apply the same, less costs of operation and collection. upon the indebtedness secured by this mortgage: said rents, issue.,; and profts being hereby assigned to the Mortgagee as further securitY for the paYment, of ,III indebtednes., secured herebv. 'I'lie.-INIorigagee. shall have tile power to appoinf, any agent or agents it may desire for the purpose of repairing said prem- ises; renting file same: collecting the rents, revenues and income, and it may pay out of said income all expenses incurr(qI in rent- ing and managing file sarne and of collecting the rentals therefrom. The balance remaining, if any, sliall he applied toward tile discharge of the mortgage indebtedness. This assignment is to terminate and become null and void upon release ofthisniortgage.