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n 0.10 1� JX 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 FUTU* RE 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 A,DVANCES THAT MAY BE MADE TOYROTECT THE SECURITY IN ACCORDANCE WITH THE TERMS OF THIS MORTGAGE. THE- MORTGAGOR FURTHER COVENANTS AND AGREES: I'liat the Mortgagor will pay the indebtedness as liereinbefore provided. That the Mortgagor is the owner of said property in fee simple and has good right and lawful authoritv to "ll and convey file Sa M 6� and that tile Sallie is free and clear of anv lien or encumbrance; and that Mortgagor will warrant and defend tile title to said premises against the clainis of all persons whomsoever. To pay -ininiediately when due and ' payable all general taxes, special taxes, special assessments. water charges, Sewer serv- ice charges, and.other taxes and charge.,; against said propertY, and all taxes levied oil the debt. secured hereby, and to furnish f . lie, Mortgagee, upon request. with the original or duplicate receipts therefor. The Mortgagor agrees that. there shall be added : to each monthly payment required heretin der or tinder tire evidenco of debt. secured horeby in aniount estimated hy the jNjorrgage(.� to be Sufficient to enable tile Alortgagee to pay, as they beconle (file, all taxes. assessments. ;in(] sitnilarcharges upon tile preirt- ises subject thereto; lily' deliciency, because of fit(! insufficiency of such additional piivnients shall he forthwith deposited by fit(, Mortgagor with the Mortgagee upon deniand bY the Nlortgagee. Any default under this paragraph ,;hall bedceined a defaulfin Payment of taxes, assessruents, or similar charges required hereunder. The Mortgagor agrees that there shall also he added to [,.tell niolithly payment of principal and interest required here- tilider ;in aniount, estiniated by the Nfortgageo to he sufficient to enable fit(! Alortgagee to I)aV, as it beconles dtiJ, tho insurance prernitinit on. lily insurance policy delivered to the 'Nlortgagee. Ali,,, deficiency because Of fit(' illStIffiCieI1CV Of such ad( litional 'paN - inents shall be forthwith deposited by the Nlortgagor with fit(, Nfortgagee upon deniand by the Mortgagee. Any default under this paragraph shall be deeined a default ill the payment of insurance premiums. If tile policy or policies (k,po,�ited arvsuch as home- owners or all risk policies, and the deposits are in., ' ;ufficient. to pay fit(- entire prenlitini, the Mortgagee may apply tile deposit -to pay prierniunis on, risks required to he insured by this mortgage' 1),13,,rnents made by the Nlortgagor tinder 'the above paragraphs may. at the option of the Allortgagee, bi, held bv it alid commingled with other stich funds or its own funds for the payrnejl�, of such iterns. and until So al)j)lied, mich payments are herebY pledged is security for the unpaid halance of the blortgage indebtedness. To proc.ure, deliver to, and maintain for tile berieft. of tire Alortgagee during the life (if this mortgage original policies and renewals thereof, delivered at least ten days b6fore fit(? expiration of any Such policies, insuring against. fire Old other insurable hazards, casualties, and contingencies as the Mortgagee may require, in an arnount equal to the indebtedness secured by this Nlortgage. and -in companies acce ptable to the Mortgagee, with loss payabl(- clati,;e in favor of and in forin acceptable to fit(- iNlortga- get,. In tile even't air%, policy is riot renewed (in or before tell days of its expiration. ill(- Nlortgagev may procure insuranevon the fill proverne IRS, pity tile prernium therefor, and such stini shall beemne ininiediatelv due and payable with interest at the rate set forth in said no ' i(a until paid and shall be secured by this mortgage. Pailure oil fit(, part. of the Alortgagor to furnish such renewaIg as are herein required or failure to pay ally sit ins! adva need lierounfle! sholl. at, the option Of fit(, Nlortgagee. constitute a default under the ternis:of this mortgage. The delivery of. stich policivs Shall, in fit(- event of def.1111t, constitute 'Ill assignment of the till- varned prorniurn. Any sunis receiv(qI by the Nlortgagee. I)y reason of los.-; or daniage instirod against, rha ' v be retained bY fit(, %lortgagpe and applied toward the payment of the debt liereb ' v secured, or, at the Option of the Nfortgagee, Such stjins cither wholly or*:iii part nlay he I)aid ()\let- to tile Arlortgiagor to be,used to repair such huildings Or to build*Ilew buildings in their place or for any Other purpose or object satisfactory to the Nlortgagve without affecting the lien oil fit(, mortgage foi- the ftill arnotint st-cured here- I)v before such paynient ever took place. 'ro )rOzu,)ti.�, repair. restore or rvimild ;in\, building,; or improvements now or hereafter oil the premises which rnav be- come &)rnaged or destroved; to heep said prernisps in good condition and repair and free from ;Illy Inechanic's.lien orotll,.-r lien.or clairn of lien riot expressl ' v subordinated to the lien hereof; riot to StIffCr or perinit :in Unlawfill use of or ariv miisaoc(� to (�xist 'Oil said property nor to perillit waste oil said premises, nor to do air ' v other act wherebY the propertv herel)v cOnVeYed shall becoi ne less valuahle, nor to dililinish or impair its value by any -let Or omission to act: to cornplY with all INjuirernents of law with re -q) . ect. to the mortgaged premises and the use thereof. 'I'liat should tile pr&nlises or ;in\ part thereof he taken or daniaged h% reason Of all�, public improvement or condenillation proceeding, or tinder tile right of eminent domain, or in till%, other inallner, tile 1%1011,agee shall he entitled to all.conilwnsations, awa n k s, and illy other payment or relief therefor, and Shall he entitled, at, its optioo. to continence, appear in and prosecute in�its o�vn name any action or procceding, or to make any conipronlist, or settlement ill connection with such taking or darnage. All such compensation, awards, damages. right of action and proceeds are hereby ass! ,gilvff to the Nlortgagee, who nla,N, after deducting therefrom all its -expenses, release any nioneys so received by it or apply fit(- saine oil ;lily iII(lvhtedjl(�.,;s secured here1w.The Nlort- gagor agrees to exectite such further assignirients of any compensation. awards, darnages, and rights of action and proccedsas file Mortgagee inay.require. That. in.case of failure to perform any of the covenantS herein. tile Alortgagee may do oil the Nlortgagor's behalf everything so covenanted; that the iNlortgagee may also do ally aet it inay deeni necessary to protect the lien thereof: that the Nlortgagor \'Vill repay upon dern Ind. any nioneys paid or disbursed bY fire Mortgagec for any of tile above purposes. and such nioneys together with interest thereon at the rate provided in said n6te shall become so much idditio'll."I iridebteclne�-,; herebY secured , . Ind may he in - chided in any decree foreclosing this mortgage and ' Ile paid out of the rents or . - proceeds of sale of said prenlises if riot. otherwise paid; that it. Shall not he obligatory upon the INIOrtgagee to inquire into tile Validitv Of any lien. encumbrances, or claini ill ad- vancing moneys'as above authorized, but nothing herein contained shall he coil strUed as requiring fit(! lvlortgagve to advance any monoys for illy such purpose nor to do lily let hereunder; ;ill(] that Nlortgagee s -hall riot. incur any personal liabilitv because of IV - thing it may do Or ornit to do hereunder. In tho event of the default by Nilortgagor in the payment of installment, required by the Note suctired hereby, or in tile performance of the obligation in this niortgage or in fit(- riot(, secured therelly, fit(, Nlortgagee Shall he entitled to declare the dubt secured hereby due and payable without notice, and tile Mortgagee Strait be entitled at its option, without notice, either by.itself or by a receiver to be , appointed by the court thereof, Old without regard to the adeqUaCV Of ally securitY for fit(- indebtednessse- cured hereby, to enter upon and take possession of the mortgaged premises, and to collect and receive fit(, rents. issues and profits thereof, and apply ti to sanie, less costs of operation and collection. iIPOI1 tile indebtedness secured by this mortgage: said rents, issue.,; and prqfits being hereby assigned to the Mortgagee -as further Security for the payment of all indebtedness secured hereb,,. The Mortgagee Shall have t.he power to appoint any agent or agents it rnav desire for the purpose of repairing said preni- ises; renting the same; collecting the rents, revenue.,; and incorne, and it may Pay Out Of said income all expenses incurred ill rent- ing and managing the same * and of collveting the rentals therefrom. The balance remaining. if anV, Shall I)(- applied toward tile discharge of -the mortgage indebtedness. This assignment is to terminate and lk-corne null and void upon release of this mortgage.