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<br />THIS MORTGAGE IS ALSO TO BE AND CONTINUE TO BE, FROM31ME TO TIME, SECURITY FOR THE PAYMENT OF SUCH
<br />SUM OR SUMS OF MONEY AS THEiMORTGAGEE MAY FROM TIME TO TIME IN THE FUTURE ADVANCE TO THE MORTGAGOR, AND
<br />EVIDENCED BY A SUPPLEMENTAL NOTE OR NOTES, BUT THE, TOTA, L INDEBTEDNESS SECURED BY THIS MORTGAGE SHALL NOT
<br />EXCEED ONE HUNDRED TWENTY (120) PER CENT OF THE AMOUNTNOW OWING, EXCEPT FOR ANY ADVANCES THAT. MAY BE MADE
<br />TO PROTECT THE SECURITY IN AqCORDANCE WITH. THE TERMS. OF THIS MORTGAGE.
<br />THE MORTGAGOR FtJ RTHER COVENANTS AND. AGREES:
<br />That the Mortgagor will p'ay the indebtedness as liereinbwfore provided.
<br />Tiiat the Mortgagor is tli;� owner of said property in fec" simple and llas�good right and lawful auth6rity to sell and
<br />coliveY the saille and that the saille;k. free and clear of any lien orrencumbrance: and that. Nlortgagor will warrant 'and defend the
<br />title to said prvnii�ses ral,'aillst, file clainis of ill persons wliomsoe�-er.
<br />To pay inilliediately wilell�due and payable all general takos, Sl)('Cial taNPS, special assessments, Nvaterch.1res, sewerserv-
<br />ice charges. Ili(] other ta\es ,in(] charges against said propert.v, anit all taxes, I(Wied Oil the (lVIA SOCLAI-Cd hereby. alid, to furnish tlie.
<br />Nlortgagee, upon request, with the
<br />original or duplicate receipts;t1wrefor. The Mortgagor agre'es that. there he adderl to
<br />each monthlY payment. required Imi-eunder or under tit(, evidence.of dcht. secured hereby Ili aniount estimated ll�%.tlw Mortgagee
<br />to he sufficient to enable the Nlor�,gagee to pay, Is' tll('.%, heconw, due, all taxes, OsseSsIllents. and similar chni-gO.j upon the prem-
<br />ises subject thereto; aily deficient. ' %'brcallse of the ilisufficiellev of:such additional -pa , vnients shall he for tj iwith'40epo'sitod bY the
<br />Mortgagor with the Nlortgngee u&II demand Im. t1le %Iortgaee! Aliv default under this pamgr;jpIi shall he dt-fillied a def.milt ill
<br />payment, of laxes. assess im �11 ts. (it- charges required lwroimder�
<br />'I'll(, Mortgagor agrees th; . It then. shall also bo added to;(.:Icll illontilly payment of principal and intere'14 I-c-quired ll(,r(,-
<br />under an amount estimated by the"Mortgaget, to be sufficient to vil�ible the. Nlortgag',i�e to pay, aw; it becollw_�, (it ��'fllv insuralIC0
<br />prenlitlIn oil any insurance policY clPlivered to Ilw Mortgagee. An.v;.dvfici(-IlcY becausi. of t1w insufficiellev of sucl. I lilitional pay -
<br />j
<br />metits shall Ili- forthwith deposited 1w tit(- Mortgag",r 'with t1w Mo�-tgagv(� upoll defiland 1w.the 1\1611.�_'Zlgee. Any Illider this
<br />paragraph shall be devilled a,default in the payment of insurance: premiums. If the policY or polivi(, depo,�ited alre slich as home-
<br />i"'Ithe deposit to
<br />o%�riers or all risk policies, and the'dvposits are insufficient to pa�: tit(, entire I)rvilli. 11111, ill(, Morit'al"ve IliaY app
<br />pay promitinis Yji risk., required tolw insured by this Inortga"'e.
<br />I'a - \'Inellis 11111(le fly Jjj,� NrI%')rfgagor under thi� ahove paragjaplis nia.v, at the option of' tit'(- Ileld hY it and
<br />conililingled %vith other such funds �)r its own funds for Hit- pavillent of Such itonl.,;, :Ind lintil so appliod, such payinent, ;ire hervhY
<br />pledged as sccurity for the anpaid:.balanco of f1w mort,,a:,e indeltc(Im-ss.
<br />To procure, deliver to, an!] maintain for tit(, henefit of the 'Mortgagee during t1w life of this niortgogv orit,,1:i.ml policies and
<br />renewal% thereof, delivered at leasc tell days 1)(4ore tilt, expiration of :in,\. such policies, insuring ;igainst fire and other insurable
<br />hazards, casualties, and coritingen(;ies as the Nfortgagee may require, in ill amount equal to the by this
<br />1\14')rtgage. and in companies accepf.,able to the Mortgagee. with loss payable (".1ause in,favor of and ill forni accvptalllv�to the Mortga-
<br />gee. Ill the event. anY policy is not renewed )it or bt-fore tell dav,.,; of its expiration, the Nlortgagce may procure insurancooll Ilu:
<br />iniprovenients, pay the promium t1lerefor, and such suill Alall lwc:�llle inimudi'llel.l. (Itle and payable willi intvre��'l at-dw 1.:It(, set
<br />forth ill said not(. until paid and sj1all 1w secured hv.0ii., mortg;i`�,. Failure oil the port, of tit(, NIM-tuagor to furnisli sit(.)) relwwals
<br />-is are herein required or failure to. pay ally advallved licl-cillider at, the option or the Mort',�lgev, coAstitlitt. a dofatilt
<br />till (h -r the ternis of this niortage. 'I'lle delivery of �twll policiv, slla,il. ill t1w cvent of defalilt. constillite all as.,igl�ilil.11t (it the till-
<br />varni-d premium.
<br />Ali\, sunis received 1) " V th ' e Mortgag(10 bY reason of or damage insured agaii.ist maY he retnilwd lly.flle '\Jortgageo
<br />alid applit'd toward the IniyInent ill* tit(, deht licrebY secured. or, at tit(, option of -the NIorfga,(.-e, such surnsvi ')let- wholl ' v or in
<br />p:trt nia.v be paid over to the Moftgagor to he ii�ed to ropair su(�h buildings or to huild'new buildings in theiriplace or fill. allY
<br />other purpose or object salisfactoi, -Y to the %lortgaget, without alb-ctill", tilt, lien o.ii the mortgage for the fill] :1111 (�Lllll �4ecllred llvro�
<br />b.\ befort- stich paYment ever took*:Place.
<br />To prolliptIN I repair. restore or rebuild ,it I% I buildin_-; or improvements now or lietcafter on ill(- prezni�41-s �vhicli ma , v bv-
<br />conit, dainaged or (lest roYed; io keep said promises in good condit:ion and re'mir and fr(-e front ;Ili\! Inechallic's litill or other lien oi-
<br />claini of liezi not expressly subordinated to the liell Ilereof; not to smifer or permit III.\, unlawful it,;(- of or ;in.\. nuisance to exist oil
<br />colw(tyed-sliall becolne
<br />said -property nor to'perinit waste: oil said promises, nor to do aq.v other act 'whereby tit(! properi.N lit-reb\
<br />less valuable. nor to diminish or impair its value by any act or ollli�:.-;ioli to act: to volliplY with all requirements ofj law -with respect
<br />toAlle mortgaged prenlises and thel,use thereof.
<br />That should the promiseoor ;Ili.\, part thereof he taken or daniaged by reason of Ili%- public improvvlllvllf� or condemnation
<br />pr�)ceeding, or t;nder the right of (Iminvid domain, or in any other manner, the shali'lle entitled to ;ill collipellso tions,
<br />awards, and any other payment on.relief therefor. and sliall be entitled. at. its opti(�'n. to commence, appear in and prosecute iri its
<br />own, name any action or proceedifig, or to make any compromise or settlement in connection with such taking, 6i, dinviage. All such
<br />conipens4ition, awards. damages. right (if action and proceeds an- hereby assigned to the 'Morigagee, who hfter deducting
<br />tht--refrorn all its expenses. release iiny nione.vs so received bY it or apply the Same oil any illdvbtedlle�s secured 11viel " w. 'I'll(, Mort -
<br />"a
<br />!,,or agrees to em,cute such.further assignments of alIN colllpell�atioll. awards. dalliages. and rights ofaction and,pr;)cvvd.sas fliv
<br />Mortgagee may require.
<br />That ill case of failure to perform anY of the covellant;s liervin. the Mortgagee may (it) on t.li(, Mortgagor'sth(�Ilalf everything
<br />gago
<br />SO'CoVellarited; that, the Nlorfgage�; inav also (to "lliv act it. nlav deelli necessar\ to protect. the livri*thereof: that tfw i lort r vi
<br />rel]lay upon,deniand any nione ' vs paid or disbursed 1) , v tit(! Mortgagee for any of the above purposes. and such moilie ' �-s togeflier with
<br />interest thereon at the rate provi(led ill said notv sliall beconle so much additional in( , lebtedness lierebv secure(I -and 111;6 ' be in-
<br />clv*d(�d in any decree foreclosing tl lis mortgage and be paid (jilt of the rents or proceeds of sale of said prenlise, I ; i.f 'not otherwise
<br />paid; that, it, shall not be obligatory upon tlli� Nlor'tgagev to inquire into the validity of any liell, elicit in bra hces, or claini.ill ad-
<br />wificing.itioneys as above authorized, but notbing herein containe"d sliall be construed as requiring the Nlortgz ti.) advance ally
<br />nioneys for any such purpose nor.to do any act livrounder;'and that Mortgageo sliall not inctir anY personal liabilil.N,.becau�e of an\
<br />filing it Illay (to or ofnit to (to Iier(;undvr.
<br />Ili the event of the default 1) ' v Mortgagori'll:tIle payment of ally i list ;III niont, I,, required by the Note .11vc,ured hereby, or
<br />in tilt- performance of the obligation in this mortgage or in the not(, secured thereby , tit(- Mortgagev shall be entiflt'-d to declare the
<br />debt secured hereby due and paYable without notice, ,in(] tilt- 'Mortgagee sliall be entitled at, its option, without lloticv�.. either fly itself
<br />or:bv I receiver to be appointed by the court thereof. and without regard to thu adequacy of ally securitY for tit(- indebtedness se-
<br />cured liereby, to entLr upon and fake possession of the niortgageil. premises, and to collect. and receive the rvntsjs,�ues and profits
<br />thereof, and a'l)l)ly the sarne, less costs of operation and collection. upon tilt, indebtedness secured by this moi I tgage: said rents;
<br />issues in([ profit -s being hereby assVyried to the Nlortgagee as further svcurifY for the payment of all indebtedness secim:d lier-obv.
<br />'I'll(- Mort agee sliall hav('� the power to appoint an"
<br />9 -1 agent or agents it may desire'for the purpose of rell);,firing said preni-
<br />iSes-, renting the same: collecting �he rents. revenues and inconfel and it may pay otit. of said income all expenspLilictirred in rent-
<br />ing, and managing the ' sarne Pid.:of collecting the rentals therefrom. The balance. remaining, if. any.'shall he applied toward the
<br />discharge of fit(-,. mortgage indebt(Alless. This assignment is to terminate and become null and void upon releas(,, of this mortgage.'
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