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010056 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 MORTGAGOk, AND EVIDENCED BY A SUPPLEMENTAL NOTE OR NOTES, BUT THE TOTAL INDEBTEDNESS SECURED BY THIS WRTIGAGE 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 MORTGAGOR FURTHER COVENANTS AND AGREES: That the ?�Iortgagor Nvill pay the indebtedness as liereinbefore provided. That die- Mortgagor is the owner.of said property in fee simple and has good right and Iawftil author'ity to.sell and convey the sawe and that the same is free and clear of my lien or encumbrance; :and that Nlortgagor will warrant and defend the tifle to said premises against the clainis of all persons whomsoever. To pay injIllettiateIV N5,11ell due and payable all general taxes, special taxes, special assv.�.sinents, watercharges, sewerserv- ice charges, and other taxes and charges against said property, and all taxes levied oil the clubt. secured hereby, and to I'Lirnish tit( -- I '\Iort, -agee, tipon re(Inest, with the original or duplicate receipts therefor. The Nlortgagor agrees that therc sliall he added to each nionthly payment required hereunder or under the evidence of debt. secured liereby lit aniountestinialed by tit(! Nlorlgagee to he sufficient to enable tile Nlortgagee to pay, as they become (file. all taxes, assessnients, and similarcharges upon the prem- ises subject thereto; my deficienc*y because of tit(! insufficiency Of stich additionil paYments sliall be forthwith deposited by the Alortgagor with'the INIortgagee upon deniand by tit(! Nlortgagee. Ally defatilt.-u*nder this paragraph shall he devnwd a default ill payment of taxes, assessnients, or similar charges required hereunder. The Nlorlgagor agrees that. there sliall also be added to vach monthly payment. of principal and intervst rvquirl�d liere- under art amount estimated by tit(! Nlortgagee to be sufficient to enable the INIortgagee to pay, as it becomes dtw. the insoranev premium oil any insurance policy delivered to the Nlortgagee. Any deficielle because of tit(- insufficiency of' stich additional-pay- inents shall be forthwith deposited by the Mortgagor with tit(, NlOrtgagee upon demand by tit(! Nlortgagev. Any default undvr this paragraph sliall be deemed a defatilt, in the payment of insurance preimunis. If tit(- policy or policiesdupos ' ited are stich as honle- owners or all risk policies, and the deposits are instifficient. to pay the entire premium, the Nlortgagev may apply the deposit I to j),w wenlilinis ()it' risks required to be insured by this mortgage. Pa , vilielik made by tile Nlortgagor 1111der tile 11I)OVC paragraphs may, at the option of the Nlortgagve, be hold bY it and Commingled with other stich funds or its own funds for the payinent. of stich itVills, and until SO al)jflit'd, SUCh payments are livrebY pledged as securitij for the unpaid balance of fill- mortgage indebti,diiess. TO procure, deliver to, and maintain for tbe benefit. of tit(- ivlortgagee dOring fill, life of this mortgage original policies ;1nd renewals thereof, delivered at least ton daYs before the expiration of any such policies, insuring agaillst. tire and other in.,mrahle hazards, casualties, and. contingencies as the Mortgagee may require, in an amount equal to. tile indebtedness secured by this Mortgage, and in companies acceptable to tit(! Alortgagee, with loss payable clause in favor ofand in forni acceptable to the �Nlortga- gee.'In the event. anY policy is riot, renewed oil or before ten days Of its expiration. the Nlortgagee may procnre instirance oil the -improvements, pay tile premium therefor, and such stim shall hec:irne ininiediately (Ine and payable with infi-rest at tht' 1 -;It(' �Ut forth in said note until paid in(] sliall be secured hY this mortgage.' Failtire oil the part. (if tit(! \Iortgagor to ftirnisli soch renewAs ;is ;ire herein required or failure to pay any surns advanced herewider sliall. at. tile option of tit(, Nlortgagve, cmistihito a dcfij�Plt under the terms of this mortgage. The dt-livery of stich policies slmll: in tit(, evc;tit of default. collstitiltv an assignim-ni of the ill)- varned prornitun. Ali i v soins received by the %Iortgagee bY renson of loss or damage instired again�t ina.v be retainedbY the Nlortga,,.,ev and applied toward fill, payment of tile debt livreh.v secured, or, at. the option of the iNlortgagve, stich sornseitlivrwhollY orin part ma * v be paid over to the Nlortgagor to be tised to repair such b1lilding', Or to I)Llild'zlew Imildings in their place or for ;in * v other purpose or object satisfactory to tile Nlorhgagee without affecting, tit(, li(�n oil the mort,-age for the fill[ arnoont sectired herv- by hefore stich payment ever took place. 'I'o promptly repair. restore or reboild �Ilny btfilding� or imprOvenients now Or hereafter oil tit(, preniisv� which ina N. ho - collie daillaged or'. (lest ro.ved: to keep said premises in goorl con(tifion and repair and free from any nivehanic's fien or other lien or claim of lien not pxpressly stibordinated to the lien hereof� not to suffer or permit any unlawl'til use of or anY noisance t(') Vxist on said property nor. to permit waste oil said premises. nor to do any other act \�,Iiereby the property hereby conveyed shall become less valuable, nor ' to diminish or impair its %,,title by any act or ornission to act: to vomplY with oll requirements (if law v.-ith respect to the mortgaged premisesand fit(! use thervol'. That Should the premises or an.N. part thereof be faken or damaged by reason of in.\, public improvement or condt�nination proceeding, or under the right. of enihient domain, or in any other manner, (it(, Mortgagee shall he entiflud to all coin pensa tions. awards, and illy other payment or relief tberefor, and sliall he entitled, at. its option. to cornme -rice, appear ill mid*prosectite it) its own name any Jetion or proceeding, or to make any compromise or settlement in connection willi stich taking or damage. All such ct�)mpensation, awards. damages. right. of action and proceeds are hereby ned to the Nlortgagee, who lilay. after dedticting therefrom all it -s expenses, release any moneys so received 1) ' v it or apply the sarne Oil ally indebtedness secured hereby. 'I'lle '\IorI- gagor agrees to execute stich further assiginnents of any compensation, awards, damages, and rights (if action and prov(-vds is the Mortgagv(- may iequire. ']'flat in ca , se of failure to perform any of the covenants herein. tile. 'NIortgagee may (to oil the iMortgagor's behalf ever.,.1thing SO COV011arited; that the Mortgagee may also do in.\, act it may deem necessary to protect the lien thereof: that th(,�Nfortgagor will repay upon demand any moneys paid or disbursed hY the Nfortgagev for my (if t,he above purpo,,;", and such frioneys together with interest thereon at the rate provided in said note shall ])(!Come So milch additional indebtedness herel)v secured and rilav he in- cluded in tiny decree foreclosing this mortgage and Ill! paid out. of tht, rents or proceeds of �ale of said preniis(�s if riot Otherwise paid; that it, shall not. he obligatory upon tit(! Nlortgagee to in(Inire into tile. validit , v of anv lien. encumbrances. 'Or claim ill ill- vancing money.,; as above authorized. but nothing herein Contained shall be construed is requiring the i'Oortgagev to advance 1111Y moneys for ,lily such ptirpose nor to do any let hertaunder; and that Nlortgage(� shall not incur nny personal liabilit,,. hucallsoof anv- thing it may do or omit to do hereunder. Ill ill(! event of tile default by, Nlortgagor in tile payment of any installment, is re(joired by the Note secured hereby, or in the performance of the obligation in this mortgage or in the riot(! secured thereby, t1w Mortgagee shall be entitled to declare tile debt secured hereby dite and payable without notice. and the Nlortgagee shall be entitled at, itS OI)tion. Nvitholit notice. either by itself or by a receiver to be appointed by tit(! court thereof. and without regard to the adequacy of ;my sectiritv for the illdvbtedn(,�ss se- cured hereby. to enter upon and take possession of the mortgaged premises, and to collect and receive tile rents, issues and profits thereof, and apply the same, less costs of operation and collection. uport the indebtedness secured by this mortgage: said rents, issues and profits being hereby assigned to t.he INIortgagee as further security for flie paynient of all indebtedness- sectired bervbN. The Mortgagee sliall )tax-(! the power to appoint ;my agent or agents it may desire for the purpose of repairing said preni- ises; renting tile same; collecting the rents, reventies and income, and it may pay out of said,inconie all expenses incurred ill rent- ing in(] managing the same and of collecting the rentals therefrom. The 1;alance remaining. if any. shall he applied toward the discharge of the mortgage indebtedness' This assigntricrit is to terminate and bVeolue 11,111 and \'oil] upon release of this mortgage.