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r c)10055 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 ALAOUNT NOW OWING, EXCEPT FOR ANY ADVANCES TIIIAT'MAY BE MADE TO PROTECT THE SECURITY IN ACCORDANCE WITH THE TERMS OF THIS MORTGAGE. THE MORTGAGQR FURTHER COVENANTS AND AGREES: That the Nfortgagor will pay the indebt edness as licreinbefore provided. That tile Mortgagor is the owner of said property in fee simple and has good right and lawful au . diority to sell and convev the same and that the same is free all(] clear of any lien or encumbrance: and that Nlortgagor Nvill warratit. and defend the title to said premises against tile claims of all persons whomsoever. To pay immediately NvIlen (tile and payable all general taxes, special taxes, special assessments, water cl . iarges, sewer serv- ice charge,;, and other taxes and charges against said property, and all taxes levied oil the debt. secured herebv. and to furnish the Xfortgagee, upon request, with tile original or duplicate receipts therefor. The iNlortgagor agrees that ther'e 'shall Ile added to each monthly pa*yment require(] beret " inder or under the evidence of debt secured hereby ,in amount. estimated by fit(! Xfortgagee to Ile slifficient to enable the Mortgagee to 1),"Y, as they become due, .111 taxes. assessments. and similar charg'VS LII)OI1 the prem- ises subject thereto; any deficiency because Of the insufficiency of such additional payments shall he forthwith, leposited by the Nfortgagor with the INlortgagee upoll demand by the Nlortgagee. Any default inider this paragraph shall be deenled a default ill Payment of taxes, assessments, or similar charges required hereunder. 'I'll(, Mortgagor agrees that there ,;hall also be added to each niolithly payment of principal and iiite�est required here- under all alnollut, estimated bY the iNfortgagee, to he , suflicient to enable tile 'Nlortgagce to pay, as it N-cornes dllc'�. ill(! insurance premium oil any insurance policY delivered to tile Mortgagee. Any deficiency because of the insufficiency Of such.additional pay- lilents shall be forthwith deposited by the Nlortgagor with the iNlortgagee upon demand by the Nlortgage(�. tkily'default. under this paragraph shall Ile deemed I default ill the paymprit of insurance premiums. If tile policY or 1)olicies deposite(Oaresuch as h(jmv- owners . or . all risk policies, and the deposits are hislifficient. to pay the entire premium, the Nlortgagee may apply the deposit to pay premiums oil risks required to be insured by this mortgage. Payments made by the Nlortgagor under the above paragraphs may. at the option of tile i%lortgagee, be held by it and commingled with other such funds or its own funds for the payment of such items, and until so applivd. such payments are herebN pledged as security for the unpaid balance of the mortgage indebtedness. TO procure, deliver to, and maintain for the benefit. of the Nlortgagee (hiring the life of this mortgage oi-igilial policies and renewals thereof, delivered at least to", days before the expiration of any such policies, insuring agahist fire in(] other insurable hazards, casualties, and contingencies as the Mortgagee may require, in an amount equal to the indebtedness secured by this Mortgage, and in companies acceptable to the Nlortgagee, with loss Payable claus-e in favor of and in form accepta'hl(� to the INIortga- gee. III the event any policy is not renewed on or before ten days of its expiratioti, the Nlortgagee may pr6eurp instiranceoll the improvements. pay the premium therefor. and such stint shall bemnie immediately (]tie and pay,,lble with iliter(!St at fit(. rate set forth in said not(! until paid arld shall be svcured by this mortgage. Failure oil the part of the Nlortgagor to furfiish such refiewals -is are herein required or failure to pay ally Sullis advanced hereunder shall, at tile option of the iNlortgagee, cyllstitute a defaillf urider the term,,, of this mortgage. 'I'll(- deliverN, of'such policies shall, in the event of defalirt, collstitiltv -III assi�,nmeot. of t1w lio- earned premium. Any sums received by the �\Iortgagee by reason of loss or damage insured against. may I)e retained by the Nlortgagee and applied toward the payment Of the debt hereby secured, or, at, tile option of the iNlortgagee, Such sulliseiiherwhol1v or in part. maY he paid over to the Nlortgagor tO IW LISO(I to repair such buildings or to build,new buildings in thei I r place or for illy ot1wr purpose or object satisfactory to the Nlortgagee without affecting fit(- lien oil the niortgage for fit(- fill] allk'otnit secured here- by before such payment ever took place. TO promptly repair, restore or rebuild ally building,-; or improvements no%%, or' hereafter oil. file prenihses which niaN, he - conic damage([ or destroyed; to keep said prenlises in good condition and repair ,in(] fre('� front anN Ineclianic's lien or other lien or claim of lien not expressly subordinated to the lien hereof; not to stiffer or permit any unlawful lise Of Or anY ninsance to exist oil said properly nor to permit waste oil said premises, nor to (to ,lily other act. wherel')y the property hereby coji\)eyed shall become less valuable, nor to diminish or impair its value by lily act. or onlission to act! to complv with all r' equirements Of ],IN%, with respect to the mortgaged premises and the use thereof. That should the premises or :lily part thereof be taken or damaged by reason of any public iniprovemenfor condenination proceeding.- or ' under the right of eminent domain, or in illy other manner, the Nfortgagee shall be entitled to tall compensations, awards, and any other payment 6r relief therefor, and shall be entitled, at its Option, to commence, appear in allot prosecute ill its own name any action or proceeding, or to make ,lily compromise or settlement in connection with such taking or damage.'All such compensation, awards, damages, right of action and proceeds are hereby assigned to tile 1%IOrtgagev_\vIIO may—iffer deducting therefrom all it-,; expenses, release illy moneys so received by it 'or apply tile slime Oil lily indebtednes.,; secured,hereby.The Xlort- gagor agrees to execute such further 'Is N,16rtgagev may require. signments of any compensation. awards, damages, and rights of action apd proceeds as tile That, in case of fai , lure to perform lily of the covenants herein. the INIortgagee may do oil the iNlortgagor's belialf everYthing so covellanted; that tile ivlorfgago�e may also do any let it may deem necessary to protect the lien thereof; that Ow Nlortgagor will repay upon demand lily molieys� paid or disbursed by fit(! Nlortgagee for lily of tile above purposes. and such m(')lleys together with interest thereon at. the rate provided in said not(. ,;hall become so much additional indebtedni,ss herehY secllr(�d and may Ile in - chided in any decree foreclosing this mortgage -and Ile paid out."oif the rents "or proceeds Of sale of said prvrnis(��s if not �)therNVISe paid; that it ,;hall not be obligatory upon the Alortgagee to inquire into tile validity Of ajl�*, lien, encumbranc6s. or claim in ad- van6ing moneys as above authorized, but nothing herein co ritained shall be construed I,; requiring the A4ort*gagleu to advance ally moneys for my such purpose nor to do Illy let. hereunder; and that Nfortgagev shall not ificur in.\, personal IiabilifN because of all%, - thing it may do or omit to (to hereunder. In fit(! event Of ""' d"farl"t, by o4ortgagor in the payment of ally installment, as required by ill(! Note secured hereby. or ill the performance of the obligation in this mortgage or ill tile- note secured thereby, the Afortgagee sliall.be entitled to declare the debt secured hereby due and payable Without notice, and the Nlortgagee shall be entitled at. its (iPtion, Without lloW:e, either fly itself or by a receiver to be appointed by the court thereof. and without regard to the adequacy of ,lily. securify for the indebtedness se- cured hereby,.to enter upon and take Possession of flie- mortgaged premises, and to collect. and receive the rents. issues and profits thereof, and lapply tile ,;.line, less cost.,; of operation all(] collection. upon the indebtedness secured by this mortgage: said rents, 11-116s and prb.fits-being . hereby assigned to file Mortgagee as further securito, for the payment of -111 indebtedness secured herebv. The, Nlortgagee shall have tile poNver to appoint any agent or agents it may desire for the purpose of repairing said prem- ises; renting the -c�amc: collecting the rents, revenues and income, Intl it may pay Out Of said income all expenses*incuried in rent- ing and managing the same. and of collecting the rentals therefrom. The balance remaining, if any, shall lie aliplied toward tile discharge of t Ii.e . mor . tgage in . debtedness. This assignment is to terminate and become null and void 6pon relea . se of this mortgage.