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THIS M&V6 1!�* ALSO TO BE AND CONTINUE TO BE, FROM TIME TO TIMEj SECURITY FOR THE PAYMENT OF SUCH
<br />SUM OR SUMS OF MONEY AS THE MORTGAGEE., MAY FROM TIME TO TIME IN THE FUTURE ADVANCE TO' THE. MORTGAGOR, AND
<br />EVIDENCED BY A SUPPLEMENTAL NOTE OR NOTES, BUT THE TOTAL INDEBTEDNESS SECURED By THIS MORTGAGE SHALL NOT
<br />EXCEED ONE HUNDRED TWENTY.(120) PER CENT OF THE AMOUNT NOW OWING, EXCEPT FOR ANY ADVANCES THAT MAY BE MADE
<br />TO PROTECT THE SECURITY IN. ACCORDANCE WITH THE TERMS OF THIS MORTGAGE.
<br />TFIE NIORTGAGOR rURTi-iER COVENANTS AND AGREES:
<br />That the Nlortgagor will pay the indebtedness as liereinhefore provided
<br />That lie Nfortgagor is the owner of Said property in fee Simple and has good ijglit and lawful authority to sell and
<br />conve , v the Same and that die ��;amo is frev and clear of any lien or enctorthrancv; and that iNfortgagor will warrant and d(,fvnd the
<br />title to said premises 11'aillSt. fill, Clainis of all per.,�ojjs wilonisouver.
<br />To pay immediately N�',Ilell (Ille and payable all general taxes, Special taxes, Nvatercharges, sewerserv-
<br />ice cliarge-;, and other taxes and charges against Said property, and all taxes levied oil the debt, se(itred hereby. and to fil'i-nisliAlle
<br />T\Tortgagee, upon rt -quest, with tile original or duplicate receipts therefor. The Nlortgagmr agrees that. thereasliall Ile added to
<br />each monthly payment required hereunder or under the evidence of debt. Secured hereby ;in aniount estimated by Ille
<br />to Ili- .8tifficielit. to enable fill,. Nfortgagee to pay, as they become (tile, all taxes.-assessnients, and Similar charges upon the prem-
<br />ises Subject thereto; ally deficiencN. because of tile insufficiency of Such additional pa ' yrnelits Shall lie forthwith deposited by :,tll(,
<br />Afortgagor with the Nlortgagee upon demand 1) - v the 1%lortgagee. Any default midel. this paragmph shall lie doemed a defallit in
<br />payment of taxes, assessnients, or Similar charges required herounder.
<br />The Mortgagor agrees that there sliall also he added to each nionthly payment of principal and infereA required here-
<br />under all arnolint, estimated bY tile INIortgagee to he Sufficient to enable the Afortgagov to pay, ;is it huronles due. the insill-ance
<br />premium oil any -insurance policy delivered to tlw.iNlortgagee. Am, deficiency liecatiso (if flit, insufficiencY Of S11*cIl additional Im.N-
<br />nients Shall be forthwith deposited b ' y the Mortgagor with the 'Nlortgageu upon demand 1) * v the Nlortgaget-. Any default under this
<br />I )aragraph Shall he deerlied a default in the payment of insurance promimns. If the policy or policiesdepoSited aresuch as lioll)V_
<br />owners or all risk policies, and tho deposits are -insufficient to. pay the entire proiniulli, the Nlortgag(lv May al)ply the deposit to
<br />pay J&niiums oil risks required to he in.,3ured I)v th - is mortgage.
<br />Ra * vmen.ts made by the Nlortgagor under the above paragraplis lilay. at the option of the 10ortgagee, bo held by it and
<br />commingled with other Such funds or its Own funds for the payment of Such itt�llls, and until So applied. such payments are lierelm
<br />I)ledged Is secur.ity for the unpaid balance of the mortgage indebtedne,;.s.
<br />To procure, deliver to, and maintain for the henefit, of tilt, Nlortgague during, tit(, life Of this mortgage original policies and
<br />renewals thereof. delivered at least ten days hefore the expiration of any Such policies, insuring against fire ,in(] other insurable
<br />hazards, casualties, and' contingencies as the Nfortgagee may require, in in amount equal to the indebtedness secured by this
<br />Nlortgage, and ih companies accept.aNe to Ili(! Nlortgagee, with loss payable clause in favor ofand in forni acceptable to flit, \Iortga-
<br />gee. Ili the event all-,, policy is riot renewed (in or before ten days of its expiration. fill, Nlortgagee may procure insurarict-on-the
<br />improvements, pay tile premium therefor. and Such stim sliall hecmiw immediately (Ill(' and payable with interest at tit(- rat( et
<br />forth in Said riot(- until paid and shall It(, Secured by this mortgagre. I`ailure oil tile part, of the '\lortgagor
<br />to furnish Such
<br />as are herein required or failure to I)ay Noy SlInis iidvanved lier(,imd,�r shall, at ill(, option of flit, lNlortg.ngve, cmistitrite a defihilt
<br />Under the ternis of this niort!,,age. The doliver.v of Such policies Shall, in tile event Of (h,fault. constillite all a�4sig'llllwflt of the iin-
<br />earned premium.
<br />Anv surm, r(,CL'iV('(l hN- tilt' �%Iortgogee bY reason Of lo.q�; or damage inurod ngain�t. maY he retailled Iry flit, iNlort_,agee
<br />;111(1 al)JAied loward the payllient of. the debt hereby s(-curod, or. at the option of tire Nlortgai�ve,such silln." either wholiv or ill
<br />Part may he paid over to the 1�lortgagor to be u-wd to repair such buildinks or to build'new I)Ijil(lings in th I eir place or for inv
<br />other purpose or object, Satisfactory to the %lortgnget- iti,out ,,rret.ting tile ii,, oil the rnortgage for the full a mourit ,ecured lie . re -
<br />by hefore Such payment ever took place.
<br />To promptly relmir. restore or rebuild an.v buildin—,; tit- improvements now or liert-afleron the prernises\%ilicil may ' bp -
<br />come damaged or destroYed: to keep Said premises in good condition and repair and free from air,,, nlechanic's-lien orothlor lien or
<br />claim of lien riot to tilt, lien liereof; riot tosuffer or purinit. any unlawfill list. of (it. anY nuisance to exi."t,oll
<br />said propert , v nor to permit waste Oil said promises, nor to (if) all ' v other act whereby file pro1wrtv liereby conveyed Shall becon'10
<br />less valuable. nor to diminish or impair its value I)v any act or olili.,;,�;ioll to act: to collipl.N. \%ith all requirements (if law with respect
<br />to the mortgaged premises and the use thereof.
<br />That Should tile preinises or :in.\, part the.reof he taken Or damaged by'reason of in . v public improvement Or condemnation
<br />e
<br />proceeding, or under the right of eminent domain, or in any other manner, the 1\1ortgage . Shall ho entifled to ;ill. collipullsatit')JIS,
<br />awards, and in), other payment or relief therefor; and shalt be entitled, at its option. to commence. appear ill and prosecute in its
<br />own narne ,illy notion or proceeding, or to mako any compromise or Settlement in connection with Such taking ordarnage . . All sk'lcll
<br />c(imperiSation, awards. (kiniages. right of action and proceeds it-(- hereby as.1*iig!ied to OW 1%IOrtaj,'VP, who inav, after dedil(1ing
<br />therefrom all it4-expenscs, release any moneys so- received by it or apph, flit, sarne oil lily indebtedness st-clire(l '
<br />here1w. The '%Iort-
<br />gagor agrees to CX('CLlt(' SUCII further as.,igninents.Of ,Illy compensation. awards, darriages, and rights ofaction an(l procoeds as (lie
<br />I Nlortg,
<br />agee nlay- require..
<br />That ill * cast, of failure to perform any of tilt, covenants llereill. fill- Nlortgagee may do oil the Nlorfgagor's behalf ever ' vtl�'illg
<br />.1 -eof: that ag
<br />so covenalited; that tile Nlortgagee may also (10 111\ act it rolay deeni necv,��zarv� to protect, tile lien thei tit(, iNlorig, gor will
<br />repay upon dernand illy inoneys paid or disbum!d bY the Alortgagve for any of the above purposes. in(] sticil illoneN's together Nvilll
<br />interest therecill. at. tilt, rate provided in said note hall become 'SO 111LU'll additiOnal ill( . I(Ibtedness hereby Secured and inav he ill-
<br />cluded in any decree, foreclosing this mortgage and be I)aid OLIt, Of the rents or procceds of salt, of' said prernises. if riot otherwise
<br />paid, that. it shr ' ill not. he obligatory upon the Nfortgagee to inquire into the validitY of any lien, encumbrances. or claini in ',ill-
<br />vancing nioneys as above authorized, but nothing herein contained shall he construed is requiring the NMortgagev to allvalicc. any
<br />moneys for any Such purpose nor to (to any act hereundor: and that 1\lortgagee shall riot incur all,\- personal liability beCallse Of iDY-
<br />thing it may do*or oinit to do hereunder.
<br />In the event of tile (10fatilt bY Nlortgagor in flit, payment of any installment. as requirod 1) ' v tit(! Note secured herebv. ol-
<br />in the performance of tire obligation in this mortgage or in Ilie note secured thereby. tire iNfortgague Shall Ile villifled to declare tile
<br />debt Secured herebv due in(] payable Without notice, and the Nlortgagee. Shall he entitled ;If its OPtion, WitilOtIt notice, vither hy'ifself
<br />or by a receiver to be appointed by the conrt thereof, and without regard to tile adequacy of aliv security for the indebtedness So -
<br />cured hereby, to enter upon and take posses.sioll of the mortgaged premises, and to collect and receive ill(, rents, isstiesall(I profits
<br />thereof, and apply� the same, less' costs of operation and collection. ul)on the indebtedness Secured by this mortgage; said rents,
<br />issues and prdfits I)eing hereby assigned to tile ivlortgagee*as further security for the payment of all ilwlebtedlies., s(Tured lierobv.
<br />'I'll(- N'lortgagee Shall have the power to appoint any agent. or agents it may desire for, the purpose of repairing sai(I preill-
<br />ises; renting tile same, collecting fill! rents. revenues and income, and it illa Pay Olit Of S,'lid income .111 expenses, incurreol in rent-
<br />ing and mai ' iaging file saine. and of collecting the rentals therefronl. The balance remaining. if -illy. shall 1) e applied toward tile
<br />discharge of tile mortgage indebtedness. This assignment is to terminate and become 111111 and void upoll releam, of this mortgage.
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