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01019.4 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 M ORTGAGOR, AND EVIDENCED BY A SUPPLEMENTAL NOTE OR NOTES, BUT THI� TOTAL INDEBTEDNESS SECURED 13Y THIS MO RTGAGE SHALL NOT EXCEED ONE'HUNDRED TWENTY (120) PER CENT OF THE AMOUNT NOW OWING,'EXCEPTTOR 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 'Mortgagor will pay the indebtedness as hereinbefore provided. That the Mortgagor is tire owner of said property ii ' i fee simple and has good right and lawful authority to sell and convey the same and that the same is free and clear of any lien or encumbrance; and that N'Tortgagor will warrant and defend the title to said premises against. the claims of all persons whomsoever. To pay ininiediately when (lite ,in(] payable all general taxes, special taxes, special a."e,;sments, watercliar,",sewerserv- ice charges, and other taxes and charges against said property, and all taxes levied oil the debt. secured hereby. and to furnish tile Mortgagee, upon requ"t, with the original or duplicate receipts' therefor. The INTortgagor agrees that. there s1lall. lie added to each montlily payment required hereunder or under the evidence of debt secured hereby ,lit aniount. estimated 1) ort, ige the 'N'I ,, c to he stiffici(,nt to'enable the INIortgagee to pay, as they beconle (lite, all taxes. assossnivilts. and similar charge�' upon the prem- ises subject, thereto ,lily deficiency Iwcatise of the i list] fliciency of stich additional payments sliall he forthwith o eposited by the Nlortgagor with the Mortgagee upon dernand by the Nlortgagee. Any default under this paragraph sliall he dv(�'pled.a (]('fault in payment of taxes, assessnients, or similar charges required hereunder. 'I'll(- Nlortgagor agrees that there shall also he added to each monthly payment of principal .111d i n terest 'required liere- under :lit amount estimated 1)�N the Mortgagee to he sufficient to enable the 'Nlortgagve to pay. as it hecoln(S due, tire insurance premium oil any insurance policy delivered to the Nlortgagee. Any deficiency because of -the insti ifficiencY of stich, a"(1ditional pay- nients shall be forthwith deposited by the iNlortgagor with tile IN'lortgagee upon deniand I)v the Mortgagee. Any default under this paragraph shall be deemed a default in the 1),Iylll(--.it of insurance premiums. If tile frolic ' v or policies depw;ited 114e stich as lionle- owners or all risk policies, and the deposits are insufficient to pay the entire premium, the Mortgagee Iflay apply tile deposit to pay premiums oil risks required to he insured by tili.,; mortgage. PaYin0lits made by the Nlortgagor under the above paragraphs may, at tile option of the i'\Iortgagev, be held by it and commingled with other such forinds or its own funds'for the payment of stich items. and until so applied, such payllients are herehN pledged is security for the unpaid balance of the mortgage indebtedness. To procure, deliver to, ,in(] maintain for the henc-fit. of the Nlortgagee during- the life of this mortgage original policies and renewals tlier(.q)f, delivered at least, ten daYs before the expiration of any stich policies. insuring against fire andother insurable hazards. casualties, and contingencies as the Mortgagee may require, in all amount equal to the indebtedness 'secured -by this Mortgage. and in companies acceptable to Ihe Mortgagee, .vitli los.-t payable clause ill favor ofand in form acceptable to t.he Alortga- gee. Ili the event air-,, policy is riot. rem ' �%ved oil or before tell days of its expiration, tile Nlortgagt-e may procure insurance oil tile improvements, pay the pronliuni therefor, and stich stilli shall bec:)file ininlediateIN due "Ild J)ayable with interest' at the rate set forth in said note until paid and shall be secured bY tlii�: mortgage. Failure oil lllr� part, of the Mortgagor to furnili-SUCII rVIN-Wals -is ire hervin required or failure to pay any sums advanced hereunder shalL at the option of the i lortgagee. S tuto a default N !( 111ti under tilt! ternis of.this mortgage. 'I'll(, delivery of such policies shall, in tli'v event of default, constitute lit as.,igninvill of the 1111 - earned premium. Any surns received 1)), the Nilortgagev by reason of loss or dainage insured against niav be retained b.�, the Mortgagee and applied toward the payment of the debt livrebY sceured. or. at. the option of tile Alortgagee,such sinnsvitherwholly orin part nin ' y he paid over to the Mortgagor to he used to repaTr such buildings or to btlild'oV\V bUildingS in their place or for lily other purpose or object satisfactory to the IN-lortgagee without affecting the -lien oil the mortgage for the full anloibit secured here- by before such payment ever took place. To promptly repair, restore or rebuild anY buildings or 'improvements no\\, or livrvatter oil the preniise.s 'wilicli IlliN, Ile- conie daniaged or destrove( . . 1: to keep said promises in good condition and repair and free front any mechanic's lien, or othor lien or claim of lien riot expressly subordin ated to the lien hereof; riot to su ' ffer or permit 'any unlawful use of or anY nuisance.to exist oil said property nor to permit waste oil said premises, nor to (to lit other act whereby 'the property hereby conve� ed shall become y I less valuable, nor to dinlinisli or impair its %,,title by any act, or omission to ,let: to complY with all requirements of taw with respect to the mortgage(] premises :lit(] fit(- use thereof. That should the premises or lit\, part thereof be taken or flaniaged by reason of an.y public improvenient 'r condenination proceeding, or ujider the right of eminent domain, or in in), other manner. the Mortgagee Strait he entitled to all cornpensations, awards, and any other payment or relief therefor, and shall be entit'led, at its option, to commence. appear in and!prosecut-e in its own name illy action or proceeding, or to make any compromise or settlement in connection Nvith such taking or (!,image. All such compensation, awards, darriages. right of action and proceeds are hereby assigned' to the %,jortgagee. wilo illay.! after deducting therefrom all ib; expenses, relvase any moneys so received 1) * v it or apply the same oil illy indebtedness secured he I rcbv. The. Nlort- gig(?r agrees to execute such furtli(�r assignments of any compensation, awards, damages, and rights of action and proceeds a.-; the Nlortgagee maX require. That in case of failure to perform anY of the covenants herein. the Mortgagee may do oil tile iNlortgagor's belialf everYthing so covenalited-, that tile Mortgagee may also (to illy let. it niny deern necessary to protect. the livii thereof; that the� Nfortgagor will rel)lly 111)011 demand ,illy moneys paid or disbursed bY ill(- Mortgagee forany of the above.purposes, andsuch monevs together with interest thereon lit. the rate provided in said note shall become so much additional hic - lebtedness hereby secured .1ind mav he in- cluded in any decree foreclosing this mortgage zind be paid out. of flie rents or procc'eds of sale of said prernises if,not otherwise paid;. that, it, Strait riot be obligatory upon the Nlortgagee to inquire into tire validity of any lien. encurribrai.ices, ;or claim in ad- vancing moneys as above authorized, but nothing herein contained sliall be construed as requiring the Nlortgagev;to ;i('IVlllc(. any moneys for lily such purpose nor to do any act hereunder; and that ivlorlgagee shall riot incurany personal I iabi lity! because ofari%- thing it may (to or omi t to (to hereunder. Ili the event of tilt! default by Nlortgagor in t ' lie payment of any installment, as required by the Note sec'Ured hereby. or� in the performance of the obligation in this mortgage or in tile note secured thereby, the Mortgagee shall he entit1q.ti,to declare the debt sectired hereby (tire and payable without notice, and the Nlortgagee shall be entitled at its option, without notic(� . . . either by itself .or by a receiver to be appointed by fliv court thereof, and without regard to the adequacy of lily �ecurit.y for the indebtedness sp.- cured hereby, to enter upon and take possession of the mortgage([ premises, an'd to collect and receive the rents, issuesan'd profits there.of, and apply file same, less costs of operation and collection.. upon the indebtedness secured by' this mortgag(� said rprits, issues and profiLs K-ing hereby assigned to the Mortgagee as further securitY for the payment of all i Ildebt ell ness secifr,�,d hereby. The Mortgagee shall have tire power to appoint lily agent . or agents it may desire for the purpose of repairing said prem- ises; renting the same-, collecting the rents. revenues in(] income, and it may pay out of said income all expenses incurred in re'nt- ing and managing flie same hrid of collecting the rentals therefrom. The balance remaining, if lily, sliall he api)lied toward tile discharge of tire. mortgage indebtedness. This assignment is to terminate and becorriv null and void upon release of this mortgage.