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.010221 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 BE MADE TO PROTECT THE.SECURITY IN ACCORDANCE WITH THE TERMS OF THIS MbhTGAGE. THE 4 NTORTGAGOR FURTHER COVENANTS. AND AGREES: That tile Nlortgagor will pay tile indebtedness as liervinhefore provided. That ttie 1),lortgagor is the owner of said property in fee simple an( ' I has good right , and lawful tit thority to .4ell and colivev file saille-and that the same is free and clear of any lien or encumbranc(;; and that NNIortgagor will warrant and defend tile title to said promises against the claims of all -persons whonis(lever. To pay-innuediately when due and payable all general taxes, special taxes, special assessnients, water charges, sewer serv- ive charges, and other taxes all(] charges against said property, and all taxes levied oil tile debt secured hereby, and to furnish flie INIortgagee, upon reguest, with the original or duplicate receipts therefor. The Nlortgagor agrees that there shall I)(,- added,to (!,tell moritilly payment. require(] hereunder or under the evidence of debt secured hereby an amount estimated bY tit(, Xlort�agev to Ito sufficient to enable the 1%lortgagve to pay, as they becollie due, all taxes, assessinents, and similarchargesupoll theprelli- ises subject thereto; anv deficienev becausw of the insufficiency of such additional pilynients shall he forthwith deposited by Hit, Nlortgagor with tile INlortgagee upon demand bY the Nlortgagee. Any default under this paragraph sliall he deerned a dofaulFin payment of taxes, assessments, (or similar charges required hereunder. The Nlortgagor agrees that there sliall also he added to (-,tell niontlily paynient. of principal and infvr(�st required liere- oluider :tit amoutit.estiniated I)v till! INIortgagee to he sufficient to criahle the A-lortgagev to pay. as it beconics due. (1w insura�ve premium Oil MIN' !11SLiranee 1)(;Iie\, delivered to tit(, INJortgagee. Any deficiency because of till- insufficiency of such additional pay- ments ,;It I all he f . orthwith deposited by the Nlortgagor with till, Mortgagee upon demand bY the i'\Iortgagee. Any default under this paragraph sliall Ile deemed a default in the payment of insurance prenlitims. If the polic ' v or p(ificies depo.,d(ed are stiell as homv- owners or all risk policies, and file deposits are insufficient to pay the entire premium, the 1\1ortgagee may apply the depositAo pay pri�miunis oil risks required to he insured by this Illortgage. Pa ' vinents niade by tit(! iNlortgagor under the ahove paragraphs niay, at, the option of till, IMortgagee, be field by it a'Jid c( . niiiiiingled with other such funds or its own funds for the payniOnt. (if such itcin,;, and un(il so applied, such payments are horebY pledged as security for the unpaid balance of the mortgage indebtedness. F To procure, deliver to, and maintain for 'tlie benefit of tit(, Alortgagev during the ]if(, of this mortgage original policies and renewals tliereof,-,delivered at least ten days before the expiration of tit%. such. policies, hisitring against fire tit(] other in:;urable hazards, casualtie�, and contingencies as the Nlortgagov inay require, in tit amount equal to tile indebtedness securNI by ti ' iis Allortgage. and in, companies acceptable to file Nlolrtgagev, with loss payable claus0 in favor of and ' in form acceptable to tile %lortga- go"e. In the everlt*ally policy is not. renewed (,it oi� tipfore ((-it days of its expiration. the Nlortgagee may procure insuninceon tit( - improvements, Iia,�r the promium therefor, all(] such slull shall bec�)llltt ininiedialel ' v (]it(- and payable with interest at till- rate set forill in said nott"lintil paid and shall be secured bY this inortgage. Failuro on tho part of tit(, Nlortgagorto furnislisuch renewals -is are hervin re(Ildred or failure to J)a�' Sunis advanced hereunder shall, at the option of the Nlortgagee, constitute a default under the. ternis- of this niortgage. The deliverY (if �llvh policies shall, in till' event of default, vollstittitt, all assignTylent If till' till - earned premium., Ali%, surns received by tit(, Nlortagef, bv reason of los�4 or dainage insured agailist,may be retained 1) " v tit(, %Iortgagee I towilrd till. payllient. of the debt liereby sectired, or, at tit(-- option of the �-Iortgagee, such stinis vither whollY ovin part maY be paid ovvr to the iNlortgitgor to Ile used to repair such buildings or to build'nu\v buildings in their plac(� or for a'lly Otll('r I)Lirpose or object satisfactorY to the INIortgag(,e without affecting flie heri oil the niortgagv for the fill[ aniount svcured he'n- by hefore such payment ever took place. To prorriptl� rupair, restore or rvbuild any building.-, or improvements now or hereaf(vi- oil tit(, preinises which ina ' v hv- conit, daningod or destro ' ved: to keep said preiiiis(�s in good condition and repair and free front all ' v invelianic's Hun or otli,.r lien;oir claim of lien not expressly subordinated to the lien hereof; not to suffer or permit �m ' v unlawful use of or an -v nuisance to exist oil said property nor to permit waste oil said preinises, nor to do any other ;let. whereb.y the property livrebY conve.ved shall become less valuable * nor to diminish or inipair its value by tit\, act or omission to act: to volliplY with all requirenients of I;x\%- with resp(,cf. to the mortgaged premise s and the use thereof. That should till- premises or any part thereof be taken or daillagurl by reason of allY public improvenivilt. or condemnation proceeding, or under the right of eininent domain, or in tit * v other nianner. the iNlortgap-e shall he entitled to all compensatio:ps, awarcis, and ;my other payment or relief therefor, and shall he entitled, at its option, to coninionce, appear in and prosecute in�its own naniv any action or proceeding, or to make :ill\, compromise or settlement in connection with such taking or daniage. All such coin perisa t ion, awards, datllagvs� right of action and proceeds are hereby assi"!nvd to tit(, *vlortgagee. who nia ' v, after dedueflng therefrom all its'expenses, release any moneys so received bY it or ;till)[.\, the same oil any indebtedness secured liereby.The Nlort- gagor agrees to execute slich further assignments of any compensation, awards, daniage.,;. and rights (if action and procceds as till, Nlortgagee may require. 'I'liat in casLk of failure to perform any of tliv coviniants herein. tit(! iNlortgagee nia.v do oil tit(, iMortgagor's behalf everYthing so covenanted: that the Nlortgagee inay aiso do any act it, may dvern necessary to protect. ill(, lien thereof: that the Alortgagor 'will repay upon demand any nione.vs paid or disbursed bY the Alortgagee for allY (if till! ahO VC J)Ljrpo.�es. and'stich nionevs together \%'�tli interest thereon at the rate provided in said not(,. shall beconie so nitich additiottal indebtvdnes_�; herehY secured and may be in- cluded ill any decree foreclosing- this mortgage and be paid out of tit(, rents or proceeds of salt; of ,;.till promises if not. othenkise paid; that it shall not Ile obligatory upon the Nlortgagce to inquire into the val.idity of any lien, encumbrances. or daim ill ill- vancing moneys as above authorized, hut nothing herein contained shall be construed as requiring the *Nlortgagev to advance aliv moneys for any'such purpose nor to do any act lwr(�undvr; and that iNlortgagev shall ]lot inctir :in.%. personal liabilitY because ofan�,_ thing it niaY do or onlit to do lier(�Llnder. a Ill till! event of till. default 1) ' v INIortgagor in the payment. of any installment, a,; required by till- Note st�cured hereby, or in tit(! performance of the obligation in this mortgage or in the not(, secured thereby, the 1%lortgagee ,Iiall be entitled to declare tile. debt secured hereby line and payable without notice, and the Nlortgagve shall he entitled at its option, without notice. either hy-itself or by a receiver Jo be appointed by the court thereof. and withou t regard to the adequacy of any securitY for the indebtedness sp- cured hereby, to� enter upon and take possession of the niortgage(I premises, and to collect. and receive tit(! rents, issues and profits thereof, and apply tile same. less costs of operqtion in(] collection, upon the indebtednes,, secured by this mortgage; said rents, is.suesand profits being hereby assigned to the Nlortgagveas further securitY for the payinent ofall in(lebledness secured hereby. The Nlortgagee sliall have tjie power to appoint, any agent or agents it may desire for tile purpose of repairing said preni- ises; renting tile same: collecting the rents, revenues and income, and it may pay out of said income all expenses incurred in rent- ing and managing the same and of collecting tile rentals therefronh Tile halance renjaining. if aily, shall he applied toward the discharge of'tlie -mortgage indebtedness. Tiii, e;,signiuent is to terminate and beconle mill and %-()ill upon release of"thismortgage..