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q.z 010086 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 13E MADE TO PROTECT THE SECURITY IN ACCORDANCE WITH THE TERMS OF THIS MORTGAGE. THE MORTGAGOR FURTHER COVENANTS AND AGREES: That the Mortgagor will pay the indebtedness as liereiribefore provided. That tire 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 the same is free and clear of illy lien or encumbrance; and that Nlortgagor will warrant. and defend the title to said premises against the claims of all persons whomsoever. To pay immediately when (tire and payahIe all general taxes, special taxes, special assessrolents,-water chin-ges, sewer serv- ice charges, and other taxes and charges against said property, and all taxes levied on the debt secured hereby, I . rid to furnish the INTortgagee, upoR request, with the original or duplicate receipts, therefor. Tile Nfortgagor agrees that thereshall beadded to each monthly payment required hereunder or under the evidence of debt secured hereby an amount estimated I?y the Nlortgagee to he sufficient to enable the Nlortgagee to pay, ,I,; they become due, all taxes, assessments, and similar charge..,; upon the prem- ises subject thereto; any deficiencV because Of the insufficiency of such additional piiyments shall he fo'lliwith d' r eposited by tile Mortgagor with the Mortgagee upon demand by the 1%lortgagee. Any default under this paragraph shall be deemed ;I default in payment of taxes, assessments, or similar charges required hereunder. i 'I'll(- Nfortgagor agrees that there shall also be added to each monthly payment of principal and inter(;st required here- under ,in amount estimated by tile Nlortgagee to be sufficient, to enable tile Nlortgagee to pay, is it beconies (11w. the insurance premium Oil Illy insurance policy delivered to the Nlortgagee. Any deficielicv because of the insufficiency of such additional pay- ments shall be forthwith deposited by the INIortgagor wit.1i the Nlortgagee upon demand by the Nlortgagee. Any C I lefaUlt under this paragraph shall be.deemed a default in the paynicnt of insurance premiums. If the policy or I)oliciesdepo.�;ited . . I re such as holno- owners or all risk policies, and thedeposits are insufficient to pay the entire premium, the Alort'agee May apql�, Ille (1('I)Osit to pay premiums oil risks required to be insured by this mortgage. PavmCnts made by the Nfortgagor under the above paragraplis may, it the option of the jvlorlg�jgee, 'J�e :Ijeld by it and Commingled with other such fund.,; or its own funds for the payment of such items, and until so appli6d, such in ents ire pledged as security for tire unpaid halance of the mortgage indebtedness. To procure, deliver to, and maintain for the benefit of the Nlortgagee during tile life of this mortgage original policies and renewals thereof, delivered at least tell days before the expiration of any such policies. insuring aglilllt. fire an' (I other insurahle liazard!�, casualties, and contingencies as the Mortgagee may require, in an amount equal to the indebtednes,4 secured. by this Mortgage, and in companies acceptable to the iNlortgagee, with loss payable clause in favor of and in fo I rin acceptahte to the iNlortga- gee. III the event lily policy is not. renewed oil or before ten days of its expiration. the Nlortgagee may pro'cure I insurance mi the improvements, pay the premium therefor, and stich suin ,;hall bec�)nle, immediately due and Payable With intereSt at the rate set forth in ,;aid note until paid and Shall be secured 1) 1 v this mortgage. Failure oil the part. of file Nlorigagor to furnish such renewals: as are herein required or failure to pay ,lily sums advanced hereunder shall, at the option of tile A\Jortgagce, constitute a default under the terms of this mortgage. The deliverY of such policies shall, in the event of dvfalili. constitute all as�igiiinvnt of the un- earned premium. Anv sums received by the i%,lortgace bY reason of loss or dainage insured against maY be',retained by" the Mortgagee and applied toward the payinen.t of the debt hereby secured. or, at the option of tile 1%1()rtg;ig(,e, such sums eithetwholly or in part may he paid over to the Mortgagor to be used to rcpair such buildings or to buildings in their, place or for ,illy other purpose or object satisfactory to flip Nlortgagee without affecting the lien oil the mortgage for the full ainytint seeurod here- by before such payment ever took place. To promptly repair, restore or rebuild ;lily buildings or improvements no%%, (or hereafter oil the preniies which nipy he - come damage([ or destroyed: to lie ' ep said prernises in good condition and repair and free from Mly mechanic's Iii . zi or other lien or claim of lien not expressly subordinated to the lien hereof; not. to suffer or perinit IIIIV unlawful use of or any nuisance to exist oil said property nor to permit waste oil said premises, nor to do illy other act. whereby -the property hereby conveye,(I silall become less valuable, nor to diminish or impair its value by any act or onlissioll to let;' to complY wit h all requirements of law with respect to the mortgaged premises and the use thereof. I That should the premises or any part thereof be taken or damaged 1)), rez ison of any public iniprovemen , t or condemnation , roceeding, 'or kinder the right of eminent domain, or in in%, other manner. the Nfortgagee sliall he entitled to idl corropensations, wards, and lily other payment or relief therefor, and shalt he entitled. at its option, to commence, appear in and 'prosecule in its own name illy aciion or proceeding, Or to niake lily compromise'or settlement in connection with such taking or' damage. A)I such compensation, awards, damages. right of action and proceeds are lierehy assigned to the Nfortgagee, AV110 Illly. after deducting therefrom all its expense.�, release lily money.,; so received by it or apply the same oil any indebtedness secured her'ehy.The Nlort- further assignments of any corn gag , or agrees to execute ,;rich perisation. awards, damages. and rights of action aii(I*proceeds as the Nlortgagee may require. That. in case of failure to perform lily of the covenants herein, the Nlortgagee may (10 oil the Nlortgagor',; behalf everYthing so coverianted; that the Nlortgagee may also do any let it may deern necessary to protect the lien thereof; that the Niortgagor will repay upon demand illy moneys paid or disbur-sed by the Mortgagee for any of the above purposes, and such Inalleys together with interest thereon at tire rate provided in said note shall becolne so much additional in( . lebtedness herel)v secured ;in(] may he i117 cluded in anv decree, foreclosing this mortgage -and be paid out of the rents r proceeds of sale of said' j)remises if not o'dierwise paid; that it shall not be obligatory orpon the Nlortgagee to inquire into th e validity of Ill%' . lien, enctimbranco.,, or claim in art- vancing moneys as above authorized, but nothing herein contained shall be construed as requirin g the Nlortgagee to advance ally. money.% for any such I)Lirpose nor to do lily act hereunder; and that Nlortga�ee sliall not. incur anY personal liabilitv becati.,;e of IIIN thing it may (to or omit to do hereunder. 11, tile event Of tile default 1) liel y Nlortgagor in the payi it of aily installment, a,; required by the Note secured hereby. or ill the performance of tile Obligation in this mortgage or in the note secured thereby, tire Nlortgagee s1lall I)e (.11tifled to declare tli�. debt secured herehy due and payable without notice, in(] tile Nlortgagee shall be entitled at its Option. llotio�e, either by itself or by a receiver to be appointed by -the court thereof, and without regard to the adequacy of any.security for tile indebtedness se- cured hereby_to enter upon and- take possession of the mortgaged premises, afid to collect and receive the rents, issues and profits thereof, and apply thO-same, less Costs Of Operation and collection, upoil the indebtedness secured by this mortgage: said rents, issue.,; and pri�fits being hereby assigned to tile INlortgagee as further security for file payment. of all indebtedness s!,,cured hereb.V. shall have the power to appoint any agent or agents it mayflesire for tile purpose of rei)a . iri ng said prem- MortgageL ises; renting file same: collecting the rents, revenues and income, and it may pay Out Of said income all exi)ellse's*incurred in rent- ing' and managing the same 'and' of collecting the rentals therefrom. The I;alance remaining. if any. shall be al)Jilied toward the discharge of tire. mortgage in(lebtedness. This aSsignolent is to terminate and become null and Void ii-pon relvas(-- of this mortgage.