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010,14,13
<br />THIS MORTGAGE IS ALSO TO BE AND CONTINUE TO BE, FROM TIME TO TIME, SECURITY FOR THE PAYMENT bF SUCH
<br />SUM OR SUMS OF MONEY AS THE MORTGAGEE MAY FROM TIME TO TIME IN THE FUTURE ADVANCE fOTHE 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 />Tllat.�the Nlort.,Iagor.wili pay file iIld(IhtVd1Io`Ss �ls 11 oroi 11 he fore provi(it'd.
<br />T1111',' fit , o Nlortgagor is the owner of said property in fee silliple.and has good right and lawfill ilitliorit�, to sfqI ,Ill(l
<br />conve * v tire s"Inie "I'd th;lt ill(! sanie is free and d(IM- of any lien or envu nihn'l "Ce: ;'fill thal ',\Tr)rtgigor will warmilt and defelid ill(,
<br />title to said promises agmillst the claims of all persons whonisoe\-er.
<br />To p;.1y inilliedialely, when due and payahle all generol tmes, special ta.%vs. sPecial assessillents, water char,,,,es, sewerz4vrv-
<br />i ' ce charges. ;Ili(] other taxes Ili(] charges against sai(l properf ' v. and all taxes levi(,(l oll file tit,I)t s(q.ored livreby. mid In . furnish ill(,
<br />Llj)0n-r('(ltWst, With fit(., original or duplicate rcc('iPtS therefor. The %Iort;_,,,tgor'agrvf,s that there shall he added to
<br />each alontIfly. payment required hereunder or under ill(- evirlvll(�e of (jeht securod 1wrebY ;vI.�ijjiojjIIt C.-AilIM10d 1W tilt, Alorhgagee
<br />to h( , , soffici(.111, to enable file Nfort!"'I've ill p;ly� as they become dlw� :ill taxel. assessments, ;Ili(] siolilir 'Ilion the prern-
<br />ises subject thereto; any deficiencY becati:�(' fi� the insulli,civilcy of such additional he fortilvJ111 Iloposited by ill('
<br />Alortgagor wiih the INjortg:1,gee upon demand bv dw Nlortgag'vo. AnY default undf.l. this paragr:lpll shall I)(- dcorfl"d I (ICf;ILIIt in
<br />p"tyllient of taxes, assessillelits. or similar charge., required 1wremider.
<br />'I'll(, 'NIortgagor agrees i,11,11 f1wre shall ;jI,,o I)j� to each lilontith. payment of principal :old iot(�Posf Irquired:liere-
<br />Y able ill(. 'Nlo.t�,,a,_,ce to pay, ;is it heconw, (Ille. file insurance
<br />under ;Ili �11110LJIII PAilMItc�d b% ille 'Nlorfgatlec, to ho sufficiprit to ('11,
<br />PrOnlillol on any insurance policY delivered to flit, Nlortgaget'. Aliv deficielle.v bt walm, of the insufficiellmr of: soull additional*pay-
<br />ments shall he fodh%villi deposite(l IW the NlorfgaI,,or willi tliv upon delll�md Im, the Ariv dofault under this
<br />panigrapli sll;lll , be clCe"lled a default ill fire payment of insur"Illce prenlillni�;. If tilt- polic�*- or policiosdcp(,��iled ;Irostich as ))mIw-
<br />all risk P01iCieS, 1111d tire (ICIM-silS are iiisLifficient to pny file ('11tin, pro-Initun, the Niol-Ig"u:co 11mv apply ill(- depol.,it to
<br />mvilers (or
<br />pay premiums.011 "V(lllirl�d to be insured bv thi�;
<br />PaVillents 'o,"de IW iho Nlorigagor under fit(, abov(� ,It Ill(. option of ill(, Im. hv it and
<br />widl ofil(.1- sit( 1) funds or its own fI , inds for the Imyloc-lit of stic) I it"11�4. ;111(1 oillil so s"Ch paYnients art. livrchv
<br />pledged :is securik, for the unpaid balance of ill(: Illort"ago illdebtcdnos.�.
<br />To procure, cipliver to, and 11militnin for ill,, hollf-lit of tho \Iortgagc.- durim" ill(. fifo of thi� jflorta!"Im orig-ilial policio and
<br />rene\val.,; thereof, dulivvi-cd ;if It-ast tell da * v., )),-fory the expirntion of am, sti(;1I insliring ;Ig ;IioSt fire :,"d ot1wr in.surahle
<br />hazards, casn,?lties, til(I Is the7lvlortgaggeo may rcquir(!, in ;Ili an . imint cq1u,11 to tire illcjo,j)t(�(Illess secured by this
<br />N[ortga"i., anol ill corlipanios, necept.able to ill(! wifli los,; Inlyablo cklll.�c in f:!,.,or ofand in form acceptable to tho \If1rtga-
<br />"co. In Ille V%"ellt 'Ill\' J)olico.' i,, not rem'Wed oil or bi-fore ten daN-s of its eNpilatioll. Ill(- Nlort�,'agce JlMy proc:ur(� inurancoon tilt,
<br />g
<br />improvenient.s.-pay the promitim thorefor. ;Ili([ s�ucll ��uro sliall bcc�)Ioe illinledial('1Y flow and 1my.,thit, x%illl at lilt- rate set
<br />forth ill s1fid noto lififil paid and shall b" �:cctlred 1) ' v this olortga'-'e. Failure oil flit- part. ot, ill('. Nlortga-_,or if, furnish such rellowals
<br />ns are hervin-requiro-d or f;liitlr4. Jo p;Iy ,111y �Ijrns �lfjvallcvd Iler"Illider shall. at the option of the conslillitt, a defaillt
<br />under fit(- lorm., of' this Inortg:e,,c-. The of stich policios '-diall, in the of dolalllt� rolislitute ;ItI asi!"1111will fit tht,: 1111-
<br />varned
<br />A it Skims received by th'. 1) n.;l'oll of loss or (Lilmige in,�Ilrod against 111:1v he r"laint'd hv flu. Nlortgag'ee
<br />ond applit-d h.m.lard th('. 1);I�nwllt �)f fit,- (Irl)t her,4) ' v scrured, or, at Illo (q)lion of ill(- �mch soms xholl". ('�r in
<br />part nl:l ' N I)(' P;Iid ON -Or Io tilt- �Iort!,a!,,or to h" Used to repair*SLICII hIIiIdill;,1S or if, buil(I'llew buildill"', ill their pLu-11 or for . anv
<br />other purpost, or object satisfactor ' v to Ow without allk,ctill"', f1w lien ,it tho wortf�agc for flit- full :1111ount <1,clln�d here.
<br />bV h0forV SUCII IMyIneill twer look. place.
<br />To prompti-v reiniir. rvAon, or rebuild ;111� buildiii;,,� or imiprovt�jiieiit�; nov., (or liciv;Ittor oil tilt- prcmi�i..s which mav be-
<br />come dalmiged or destroYed; to kevp said pre* -10d Condilioll and rel),tir :Ili(] fr(-(. front ;1o%' li(-,, ()I- otriwr li(�n oi-
<br />Illi�(�s ill -
<br />claim of lien not vxpre.�,4N, subordinated lo lho lien hert-of: lot to son',�r or permit ;III,,, unlawtill it.;-
<br />sairl property not- to permit wast(� on szti(I I. of or. all 'v mli�;Jnce to
<br />It's.,; valuable- Prf1n1V:0:;, not- lo do ,in * v otli(-r act v.herehv tilt- propol-tv convoyed shall be(',onio
<br />, nor to diminish (,I- impair its %-;tilt(, hy anY act oI- ojjlis.�;ion to act: 11) complY %�itll ;111 ro-fl t1i r-nout, of law %%ith rt�pcct
<br />.It, tho mortgaged prerni�es and the its(. then -of.
<br />'I'llal. should tho prenli.'es or ;Ili , v part theroof 1w talwil or dama!"�,fl I)v reasoll (of ;mv I)Iil)li(, ;o1P:,0 V(.11lent or voildonmatioll
<br />procceding, or under ill,, right of (.111inent donlain, of- ill '111Y limn1wr, tht- �' fortga!"fle sliall I)(- efititb-d lo 111 compolisalions.
<br />awards, and any otlwr pnyllit-lit or relief therefor, jin(l slial[ I)p c�jjjitj(qj, ;It, it, o
<br />Iny action or pro . covding ; J)tion, to commelice. ilr' mid prosecute i " its
<br />(Avil IM11W or it) mal�e ;111%, (-orlipromise or settlemont ill (,000p(,ti0o With SUVII taking or daniago. AI[ such
<br />I assi
<br />6oillpensation. , awards. damagles. riglif (if action and proceeds art-, lwreh� , gned to 11w who filav, affor dedt'icting
<br />therefrom all its expenses, release ally nlolle.v, st) received h.N. it or apply I the s:i Ill(, oll :In ' N. ind0bicdoess �;(,cured hvrt-bN,.
<br />gagor ngrees to ('Xucilt(� such further assignincrit.,; of ,,oy -ard�
<br />INTortga,goo May requint. conipensation. ,I\% , daniji_,,es. and rights of ,wtiorl and proceeds ;is the
<br />TIMt ill of f�liltire to perform anY of the covollants hercill. ill(. Nlortgag,,�(- Imly do ('11 tho \Iorfgag*or's heh;llf everYthing
<br />SO COVOMInt0d; flull flit, Nlortgzit�ce jilso (Io aliv ;Ict it Ilia%. dvelli Iwc(�s,ary to protevt. ill(- lien thoroof: that
<br />dw 1\Iortga,.!or will
<br />repay Upon denfand aliv niolIeYS paid or disbursed bv the Mortgagve for- MI .11ch. iflonev., togotlj(�r
<br />Y of i h" ;Ibo%V ImIrl)("us. and with
<br />interest thereoll "it flit, rate provided in s;ji(l llo((� silzill bectillie so Intivil adfliiioll�ll in(I (, btOdoe.�s livreliv sv(-jlj-jA and mav ho in-*
<br />Chided in an ' v decrue foreclosing, this illortgage and Ito paid out, of dw rf-rits or procced.Sof s;lle (11 �4;lid' prejlii�,es if not otherwiso
<br />paid; 01at, it SIWIll not be obli!,,atorY upon ill(. to inquire into ill(, %,ijjirIij%. (of jjjN, lien. vnctjrnbramcv.,�, or ciaini in ,I(I-
<br />WIIlcinJ,' 1111)11(131� :11; IhoVe authorized, hill nothing herein contained sliall he Construed �is j-(.(iuiring fit(, to
<br />Moneys for any such pilrpose nor to do �mv ,jt -t llert,1111(ler; and that
<br />shall not incur any persomil li;jl�ilitv lwcause of,
<br />filing it. may do or ornit if) (to her(q1ti(ler.
<br />In file 'Wert of ill(' default 1) , v iNlortgagor in ill(, payment of allv illst,1111111.11t. :1, roquired bY the No . it- secured hereby. or
<br />in the performance of the obligation in this niortgage or in ill(, not(. sc,(-oled tlleri�hv, flit- 'NIorigagee shall be I'mitled to declart . � fit(,
<br />debt secured hereby due and payrible witilout notice. Mid file Mortgngve 111111 he el1iitI(.d af its option, v.-ith011t . nolice. vither hy itself
<br />.or by a receiver to be appointed by ill(- court thereof. and witholit regard to dw advqll;j(-y of joy st.etiritv for file
<br />cured hereby. to-criter upon and take posse�siorl of fit(, rIjort!1,jg(qj prernises, 111(1 to colle(.1 'Ind receive the rvtils. isstic,s ;jIl(l profits
<br />thereof, and apply ill(-' s'alliv, less costs of operation and (,ollfction. t1poll ill(, jjj(IeI)te(InvSS si'Vilred bv this Inortgage: sai(I rents,
<br />issuv.,; and profits being herebY as,�;ignvfl to fh(� Nlort."'Ogve as further securitY for the payinellf of :111 irldt.btedliess secured here1w.
<br />The Nlortgagee"sliall Iwive-Ille power to appoilit ally agent or agents it may desire for the purpo.-;(, of repa iring sji(l preni-
<br />ises; renting tile s;l"W: Collectint, ill(! rents, rovenues .111cl ilit�oIlle, nn(I it maY pay out, of said ilW0111V 'Ill CXI)ellses incurred ill rent.
<br />ing and inallagi till ill(- s.inie and of corlectilig ill(, rentals therefror'n. The balance remaining, ifanv. shall heapplied towlrd ill(,
<br />discharge ot the mortgage i n d ebt ed ness. This 1.,zsiglim(�Ilt is to ter-miriate and 1)(. -come null and void upon releas(. of thismortgage.
<br />A�7
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