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0 1.0069
<br />THIS MORTGAGE IS ALSO TO BE AND CONTINUE TO BE, FROM TIME TO TIME, SECURITY FOR THE PA*MENT OF SUCH
<br />SUM OR SUMS OF MONEY AS THE MORTGAGEE MAY FROM TIME TO TIME IN THE FUTURE ADVANCE TO THE M i ORTGAbOR, 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 AqCORDANCE WITH THE TMAS OF THIS MORTGAGE.*
<br />THE MORTGAGOR FIJRTHEI' COVENANTS AND AGREES:
<br />That, the Nlorfgm,,or will pay ill(- indt-btf,dness. I,., hereinbeforo provided.
<br />That the Nlortgagor is the owner of saicl property ill fee simple and has good right and ]awful aut lioritY to sell 'llid
<br />comle , v ill(. sanle and that Olo SaIll ' 0 is free and clear of aziv lien or oricumbrance: ;tit(] that. '\Iortgagor will warrani and (1(4end the
<br />title to said prelili'ses "I'millst t1w clainis (if all persons whoillsoco.-cr.
<br />To Imy immediately wholl (Ill(' arld payable all general taxes, special laxes. speciaf asses:41liclits. water charges,sewer sorv-
<br />ice charges. and other tnxes and chargcs against sai-d propel-I.N., and 111 taxes levied oil the -debt secured hereby. a6d to furnish Ili(!
<br />.Nlortgagoe. i1poll request, with the orighial or duplicato receipk therefor. 'I'll(- �Nlortgagor agrees that. ther(- shall Ill. added to
<br />(,;tell niontlilY 1);Iytll(-.Ilt required hert-Illider or tin(�t,r the evidence (if (](,Ili secill-ed.horebY all amount c,limiteff hY 'the Nlorig-agee
<br />to he sllfficit�llf to enable the 7�1ol-0,,;wvo to p;I.v. .�Is thev hcutillit, due, all faxt,;. asse�;sriwpts, and imilar charg(-� 1111011 th'I I)rt,Ill-
<br />ises subject. thereto; any deficit-licY of tht-ilistilliciellcN. of slich additional shall he iol-Illv"ith do'po.4i(ed by till.
<br />'vlortgag -ith tit(, INIortIzaget, upon denvind hv*.the Nfortgrageo. Any default, mi'der Iiii., paragraph shall Iw (I,00wd a default ill
<br />g or
<br />payment of assessillents. ol. sillid;Ir cfl�lz!,,es required her"tilich'r.
<br />Till- %lortilagor ;Igreos th:11 thert. Al:tll ;Ilsn N. arlded h:.t-;ICh molithly paynictit (,I prjrwip�il :ind intvrr:�t rt'-quired here-
<br />Illid(.1- an alowilit tostilliated bY ill(- Morlgagvo,. it) bi�:,-Ilfficiellt to ill(. Nlortgag(-(I Ili pay. a'� it bec,me, diie, Ow instimiwe
<br />promillin oil aliv illsill-allco 'policy (jeliver"d io Ille "Mortgag(It'. Aliv, deficiellm- becallst, of till. inslifficienn, of sucil ndditiolml pay-
<br />ments shall k- forthwith dvpw4iter� by Ille NIortga,,(?r with the upoll denlaild I)v tit(- ..\It (1,fault undor This
<br />par.�.igraph sliall he deemcd a defal�llt ill ill(- pzlylllerlt of ill'uranct. promillifis. If ill(- polic ' v or ljoi icit.,� dvpo��ilcd I:re �ijch'as honiv-
<br />owr.ivr�� or all risk policie.,. and thi- deposif,,; atv ins"liffieient to pny lilt, ontiro pronlillill, the maY app)v the deposil'to
<br />pay prommin, on ri�ks required to Im. illstin'd bY this Illorig'agc.
<br />Pa.vin(�nfs:inadc by.tht- mider Ow ahovi, paragrziplis ma , v, at lilt, oplion of till, h�o-jwld hY it ;111(1
<br />commingled \%.ill) (ither �Iwh fullds.or its o'xil fullds for lilt, 1mvillent (If slich it"Ills. and lilitil -;(I ;I,pphed. �llcll p:lvljlvnf�� ;lrc lit'l-cim,
<br />i)lodgi�d ,I.-; s,curity for tit(' UtIlMid h1IINlIC(' of file
<br />To procurt., d(div(.1- to, alvd maillt:611 for the holl"fit (If tfio NIorU11;l�!,.o ill(, life (It ;0lis morl."'age original jjolici(,� and
<br />r(:newals thoreof, delivered it lf,&;" tell before Ille '.xpiI_;IIiofl (If �IIIY SlIVII 1)(diCiOS, fire aiirl otlicr ili'lliable
<br />hazards, casualties, and contingeiicie.�; I.,; the 10origagee may n,c.luire, ill all IIn0IIIlt C(ILMI to the illdehte(1110S�l secured by this
<br />Alortgag'(!, and ill companit-s act-t-pulble to 11w :\Iortg;Ig(-{% %villl lo.�, pnyahle clallse ill favor (If and 4n form :l(1CcIlf;Ih10 to fill. ,%IoI-tga_
<br />III the voill. ally policv is 11(it, I-ollowed oil or bi,for(, lon (Im- (if its expiration. :III -
<br />g
<br />improvements. pay ill(, pronlium Ifieretor, and such sum �:Iiall lwc.�,mv ilmnediatelY 'Itic :1116 %vitil inion. I �l at tllf. 1,;It(. s:;t
<br />forth ill s;lid ll(,t(, until p�lid alid �11;111 he S,-ctlred It\. this mortga!,,o-. I-'ailurt, oil Ili(, part, of ill(- to furni-Il slich rclwwak
<br />as are herein required or kiihir(- to;, pay any silills ndvailcod florellilder Al;lll. at, the option (of tit(! a (IciallIt
<br />Illidt-l- the wrills (4 -this 11lort"nge. Tiw deliverY of soch policil-s ill Ilw �vvllt of defallil, coll�iitlll,- an of tht. till-
<br />eal-lied
<br />Ali\, sunis ruceived hy the Mort -at, reason of to.,.,' or danioge intired a::ainsi ino�y be r,lainucl 1) lilt,
<br />ee It v
<br />mid applivd townrd the pn.%nwIIt .(If ill(, debt hol-elty scullred, (ir" at the op(ion of lilt- Mortgagoo' soch suills cihicy. or ill
<br />Inirt Ina ' v bo paid over to the Nlortgagor to Iw w�vd.lo r' -pair �ucfl buildings, ill- to buil(I'llev" bu*ildilw�; ill theiriphic'. (tr f,;l ariv
<br />otbor purpose or obicct satisfactoi:v to lilt, '�\Iortgageo without afTectilig, the lion (oil ille Illortga:"c" [or ill(. hill anlo:lol ,�(-cllp (I here-
<br />bY hofore slich payllient evor took pince.
<br />To promptlY relmir, restqn� or n4mild ;ill.%: building -1 or: lImk ill- oil ill(- prcllli4,� \Nilich in;1%, Iw-
<br />Come dania.,,,cd or deslrovcd: to kv;�p said pl-cliliscs ill i,-ood conditron and n -pair ;md froo from ;tit%, mochanic's hok ill- oilier Hen or
<br />cl�lilll (If liell not (,presAY mibordiilaiod to fit(- lien lwn,ol: not to suill't-l- or 1wriiiii ;Ili%, miLlwilil w". (If tit- aliv lltji.�;Illcc to vxist ('11
<br />s�iid properlY nor to permit wastc:on said to, to anv other act wherel')v the prolit'l-tv hcrebv conveivell simll become
<br />lv.�s valliable, nor to diminish or inij)air it�z value by any arl orolllis�ioli to act.: to c(;llIpIY %�itll ill req Ili I-villf-lits ofilaw with rc�pect
<br />to ill(, nlorlgap,d premises and theolls(- theroof.
<br />That should ill(, premis(-s or any part thereof be taken or'daillaed b�% reason of anY public iniprovellientlor i-ondellillatioll
<br />procceding. or under ill(- right of 011im-lit floillaill, or in anY other. manner. the �Iortgage(! Ldiall li(� on(itled ill all coIjjp(,IIS;ItioIv.
<br />av"ards, and all.v-otller payllivill, or!relief tlw�efor.�al�d sliall Iw enlitled. at, its option, to c(IT1111](111CO, appear ill an(i*prcsectite ill its
<br />own naine ,illy action or procvedii1)_ oi- to make ;:my' c(pnpromisc ur settlement ill colillection %%-ill)
<br />I mch taking, oridanvige. All ��Iwh
<br />compens,ation. award.-;, damages. rigdit of actioll and procceds are hereby ;issigned.to Ilw %%.)to illao-i affer deducting,
<br />therefrom all its expenses, release �'ny moneys so received bY it or. applY *tIle saillo oil all.N. illd(,btvdn(�.�., s'ecured lwr�4)Y. 'I'll(- %lorl-
<br />gai,,or agrees to c,xvcute such furilIer ;Issignillent-; of any conlpen�ation, awards. damage -4. and rightsofaction all(;l prot-co(k :1�� tile
<br />Alortga,gee may require.
<br />That ill case of failure to p -i -form anY of' the olovenants hereill. lilt- NIorIj'ag(-(- may to oil flit. Mort,"'alor's iwilalf .%ervilling
<br />'\Iol 'tlicreof: that Ill'o Nfortga!lor will
<br />so - CoVellillifed; that lilt, I -Iga,(,e:IIlaY also do ally act it Ina% det,ni neccssarY to proh-cl the lion,
<br />repay upoll doilland ally Illoll.Iys paid or disfmi-sed 1) , v ill,, ;\Iortg,,igeu for ;Ili * \1 of the,ahove purpo�.c.�, and sll(,Il Illoijoy., togcilier with
<br />interest thereon it lilt, rate provided ill said nolt. shall becoille s(I lollch ;Idditiomil ill( Ivhtedness licrobv svciired and mav he ill-
<br />cluded ill an , v decree foreclosing this mortgage a.nd I)(, paid (lilt of 'ihe rents or proccod,; of salo (if �nid" promisc., if' not officl-wise
<br />paid; that, it shall not be obligator�v upoil the Nlortgagee ill inquire into lilt, validity of ,ill ' v licn� CnCillobrillICes. or clain) ill ad-
<br />vallcing Illolleys as ahove aut horizod, but nothing, Ileveill colitailled shall bo construed os requiring lilt, Mortgngl�t�. to advallco :111y
<br />moneys for ;Ili%- stich purpose nor it) (to Ili%- act heremidol.; and that %lortgag-I'(. shall .11"t illcur any'lwi-sonal liabilitY hf.caw4v of"
<br />thing it. nlay (to (or ornit to (Ili heretindvr.
<br />In ill(, event. of ill(, default bY iNlortgagor ill. the payment. of anY installment. ;I,. required by the Note st:c'ured hvreb�-. or
<br />ill the performance of the ohligatioli ill this mortgage or ill tile 110te SCCUred therebY, the Mortgaget, shall he elititl ed to declan . - the
<br />-debt secured hereby (Ili(- ;tit(] payable without notice. and the ,N'lorlpagee shall Ill, entillcd at its option, witholit liotic(,. cidier by itself
<br />or i)v I 'receiver to be appointed by till! court thereof. and withouf regard to the adcquacy of any securitY for tit(" iiidebtodne�s se-
<br />cured hereby, to enter upon and take possession of the mortgaged premi.scs. and to collect and rv(�eive the rents, . iss - lic'; and profits
<br />the.re0f. and apply the sarne. less cost., of operation and collection. upoll the illdebtedriv.�s secured by this mort'gage; said rents,
<br />issues and prof�ts 1)(�ing liereb.v assigned to ill(, N'lortga,gve as furtli*or securitY for the payment of all indebtedness sedurcel hereby.
<br />'I'll(- Nlortgagee ;Ilall linve.the power to appoilif ally agent or agents it may desire for the purpose of repiiii-ing said prem-
<br />ises: renting till- same: collecting the rents. revenues and income, and it may pay out. of said inconle all expenses,inclirred ill rent-
<br />ilig and m"I'laging tile saille illd of collecting tit(, rentals therefrom. Tile balance remainill'. if Ally. SIM11 bUiliJilflitId toward lilt,
<br />discharge of tile mortgage indebtedness. This assignment is to te'rininate and become null and void upon
<br />6?
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