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<br />THIS MORTGAGE IS ALSO TO 13E AND CONTINUE TO BE, FROM TIME TO TIME, 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 />THE MORTGAGOR FURTHER COVENANTS AND AGREES:
<br />That fit(! Mortgagor NviA pay the indebtedness is liertlinbefore provided
<br />That, tliv -Nlortgagor is fill, owner of stiid property in fee simple and fias good right ;full lawful authority to sell and
<br />colive , v the sanle and that the same is free and clear of any lien or elicit fill) ra lice and that will warrant ;fit(] defend the
<br />tifle to said premises against the claims of :111 ))�.,rsojis whonisoever.
<br />TO pay hunipdiaf(,,Iv when due and pay'able all general taxes, spucial taxes, special assessments, water charges, sewpr serv-
<br />ice charges, :in(] 6ther taxes ,full charges against 4aid property, and all taxes lovied Oil thO flVht, L;VC1lrVd herebY, and to furnish the
<br />11ortgagev. up;)"irf' r�qu"t, Nvith the original or duplicate receipts therefor. Nlortgagor agrves that there shall be addwl to
<br />(,.,fell monthly pz�ynlent required hereunder of- undvr the evidence of debt, secured horebY ;in amount. estirnated by fit(- Nlortgagep
<br />to be slif , licient f."o enable the 'Mortgagee to pay,*a r s ti ley become due, all taxes, assessments, :fit(] similar charges upon 1ho prein-
<br />ises subject thereto; mly deficielicY because (if fill, insufficiency of such additiolial lm�fllents shall he forthwith deposited by the
<br />Nlortgagor with Jill- Nlortgagee upon demand b.v the Nlortgagee. Anv default finder this paragrnph -;hall bedvemed a default in
<br />payment of taws, w"sessillents, or similar charges required hereunder.
<br />Tito INIortgagor ngreos that there shall also he added to eacli monthlY payment of principal and inivrest- roquired here-
<br />under an alliomit, (�Itilnatvd bY tho %.lortgageu to he stiflicient to enable fill- iNlortgagce to pay. a�, it beconie, due, the illSLlr.nlc0
<br />premium oil any insurance policY delivered to thl- IN-lorf"'agev. -\It , v deficielic , v hecallso (if fit(' insufficiency of such 'Idditional pay-
<br />ment.; sliall bo f(irthwith deposited by tho Nlortgagor with the %lOrtga",ee upoll demand 1) , v fit,, \lortg:tgoo. AnY derault under this
<br />paragraph shall.be deemed ;I (1('f,'ILllt in t1W JM�'Z]Wllt, Of illSllrNllCv preliliums. If Ow policv or jwliviesdvpo_-;itvd aresuch as hollit.-
<br />owners or ill risk policies, ;in(] the deposits are insuflicient to Inly the entin, preiniurn, tho Alorigagee may apply the deposit fo
<br />pay premium., ()if risks required to be insured by this
<br />]'a ' villents Inade by fill- iNIort9;lOr under fill' ihoVL' may, at fit(- option of fit(- Nlorfgagcv, lit, 1wid 1) ' v it ;md
<br />commingled with oflier slicli funds Or its own funds for fill' pnylilent 'of such items. :ind lintil so �Ijllilivd, stich pnynients are hei-ebY
<br />pledged its securit.v for fit(, unpaid halance of tliv niorigage illfl(.bledllcs.�.
<br />To pro(nire, deliver to, and timintz�in for the henefil Of life '�lorfgagee during fit(, life of this mort!,�at�e original policies mid
<br />renewals thereof, delivered at k-ast ten da ' vs before the expiration of anY such policies, jllsmrin;� ngainst fit-(- nnd othor insurahle
<br />liazar(ls, casualtie's, and contingencies as the 'Nlortgagee may require, in fit amount equal to tile indebtedness sectir(,d by this
<br />I '\lort a
<br />gage, and in conipanie.� acceptable to the Nlortgagcv, witil loss payable claust, in favor of fit(] in form acceptable to fit(! Nlort.. -
<br />gi-,(,. In t1w vvelit .111Y policy is not, renewed oil or bt-fory tell days� of its expiration. fit(- nmy procure iosuraticeon the
<br />i rn proveme tits. pay the promium therefor, and such sum simll due and payable with interest at the rate set
<br />forth in said not,*-, until Intid and shall be secured 'h i v flli�; niortg;wc. Failure (,it the part of fit(- 'Nlortgagor it) furnish such rollowals
<br />,is aro herein ri,quired or failure to pay any stinis advalic"d lierounder
<br />sliall. at. the option of III,. %fortgagee' cmistifuh. a defallit
<br />under the ternis of this Illorl"ago. The deliver.v Of silell pr,licie�s shall. in the evt.11t. (if (1cfatilf. colislittlie ;III ;1'si"Onwill ,f tllf- fill-
<br />carne(l lin-mium."
<br />Ali i v stints. receiverl bY the INlortg;igee h.v rcason (it loss or daimige insurcd ;Igaill.,t. MaY he n-faillerl bY ille 'Morigagee
<br />and applied toward the payment of fill- dt-bt herebY -wctired. or. at tht, option 'Of the such soills either v.liollv or in
<br />part maY he pai(,I over lo fill- _%lortgagor to he used to relmir such buildings or to build,lwv.- huildirlg�� ill their place or for in , v
<br />other purpose or. Object satisfactorY to fit(- \lortg.;v,( v.-ilhout nifecting (If(, lien oil tliv fill. fit(. full ailloulit secilred here
<br />bY before such pa.�,niunt cver took place.
<br />To promptIv relmir. reston, Of- ruboild ;fit huddings Or i
<br />inprovements now or heri,alfer oil the prcwis,� v.hich jilm, bv-
<br />colile daninged o r destroYed: to keep said premise., in ill"od condition and rop;iir mId froo front anY meclumic's li(�n or other li(�n or
<br />claim of lien not expresslY subordinated to the lion heroof: not to suffel. of. 1wrinit allY lifil:1wful lise of or anY lillis;ltick. to 1�.\ist (�ll
<br />said propertY nor to pormit waste oil said premises, nor hi (it, ;fit.\, other ;let %0wrebY fit(- proporlY llerebv conveyed sholl b'�con�e
<br />1 uss , valuable. not- to diminish or impair its value hY any act of. onlission to ac!: to complY with 1111 requirollients of' law %%ith rospect.
<br />.to the ;fit(] OW UsO HINVof.
<br />That should fit(, promises or tin , v part fl3t,roof be taken Of- dalliaged bY reason of �111 - V Imblic i fill) rovemen t or-conderilliation
<br />proceedin-, or under fit(., right of emillelit dorimin, of- in am, other manner, tho Nlortgagee
<br />shall bi. elilitleff to all compensations,
<br />and any other payment or relief therefor, and sivill be entitled, :It its option. to corlinlence. 1ppoar ill and pros("lte in it's
<br />own name any action or proceeding. or to make ;in%, comproniisi� or seftlemen,' in connf-ction \viih such taking Or danlage. All SuCAI
<br />compensation, awards, daniages, right of action,nild proceeds are hereby assigned to fit-- 'Oorigngee, who 11mv. after deducting
<br />th6refrom all its VNI)(91SUS, J_VI(':lsP ;111.N' 171101wys received b.N. it or applY fit(, 41rile ()If "iny in(lvbtcdn(-s-� ecured heri,by.The Nlorf-
<br />gagor agrves to execute such further assignments of aliv collillensntioll. award's, dalliages. and rights ofaction and proci,ofk as the
<br />Nlorttzag
<br />ve may rvquirv.
<br />That in case of failure to perform any of fit(, coveriants herein. the 1\1ortgagee may do oil fit(, Morh-,agor's-holialf everything
<br />so covenanted; that the Nlortgageo may also (to ain, act it. may devill liecessarY to protect I he lit'll thereof: timt t fit, vlortgagor wIll
<br />repay upon demand any mone - vs paid or dishun4ed 1) , v fill, Alortgagve for anY of fit(, �Ihovo purposes. and such loone * v, together with
<br />interest thereon at fit(- rate provided in said not(, sliall becoine so much additional indehte(ljws.,,- llerebv secured and inav he in-
<br />cluded in ,fit * v decree foreclosing this mortgage and he paid out Of the ronts of. proceeds Of sah, of said promises if riot othenviso
<br />paid: that. it shall not be obligator'y upon fit(! N-lortgageo to inquire into fit(, validitY of anx, lien. encumbrances. or claini in ad-
<br />valicing niolleys as above authorized. but nothing hereill contained sliall be consti'lled ;Is n-quirilig, the %lortgageo to adVM10, "MY
<br />nioneys for any such purpose nor to do arly act hereundor; and fliat \Iorlgagev sliall not invuram, personal liabilitv becallse of lOv'_
<br />filing it. maY do Or omit to (if) hereunder.
<br />T11 the evi'lit of the default bY iNlortgagor in thi, pa * vinent. of anY instaillilent, a.�� required hv the Note sccurf-d livreby, of -
<br />in fill! performance of the ohlig"Ition in this niort"ige of- in the note secured theri�h�', the Nlortgagve sliall ho entitled to declare fill,
<br />debt. gucured hereby (life and payable without notice, and fit(, \,lortgagee sliall lie entitled of its Option. witholit notice. either by itself
<br />or by a receiver to be appointed hy fill, court tll('N�Of. Mld WithOUt regard to the adequacy of any securit , v for the indebtedness se-
<br />cured hereby, to enter tipon in(] take possession of the mortkaged premises. and. to collect ;fit(] receive fit(' reilk. iS.'511('s 1111(i profits
<br />thereof, and.al . )ply the sanic, ICSS Cost.; Of OI)eratign and collection, upon the indcbtVdlle��s sccilred by this mortgage: said rents,
<br />issue., in(] profit.�.being hereby assigned to the Nlortgagee as further "curifY for the. payment of all ind*ebtedness secured here1w.
<br />The \Iortgagve shall have tlio power to appoint any agent or'agents it may desire for file purpose of repairing said prenl-
<br />ises: renting tlie.sanw: collecting the refit - s. reventies- and income, an(] it may pay out. of said income III expenses ipcill-red in rent-
<br />ing and nianaging.the saine In(] of collecting the rentals therefrom. The balanc(� remaining, ifany. shall beapplie'd toward the
<br />discharge of Oil! mortgage indebtedness. This assignment is to terminate and become null and void upon release of Otis mortgage.
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