THIS MORTGAGE IS ALSO TO BE 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 TH - E 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 HU i NbRED 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 N.IORTGAGOR FURTHER COVENANTS AND AGREES:
<br />Tilkif- tlli� Nlortgagor will pay tilt- indchip.dness I,, liereinbefore provided
<br />ThIlf. flib i%lortgagor is the owner of said property ill fee simple and has good right and lawful authority to sell "and
<br />conveY ill(! that Ili(- same is free and clear of any lien or encumbrance: and that i'N fort gagor will warralit and defelid:010,
<br />title to said prenlises agailist ill(- claims of kill persons whonistiever.
<br />To Imy il"I'lledik'101V Whell dlic' 111(1 payable all general taxes, spocial tkIX(',,. Sl)(1ci;)l assessilielits, water charges, sewer StInl-
<br />ice cluirg(,.��, alid . (I . filer tjj-,,�.s kind charges against s:iid . properi ' v. awl kill taxes 1(�OoN oil ill(' debt secured herebv. and to furnish 'Ille
<br />lNlortgngee. upon. 1:c(Illest, with fit(, original or dtjpIicjjt(! ruceilA., t1wrefor. Tili- Nlorigagor agrees fluff. thert, slik,ill btj. added to
<br />ekich InolltillY pa�;Iliellt requireo hercurider or under the evidence of debt sectirwi lif-i-ebY all alliount estilimted fix, the �Nloftgmgee
<br />to bc. sufficient t.o ellable the %lol*lgl,(,(. to pay.: as they becO1110 due, all and similar charges' upon the pr0m-
<br />ist�s silt) S Ifficielic-v of mich additional payllients shall he forthwith di�posiiefl b% file
<br />ject, t1wreto; any (jefj(7iejI(,�% of tilt, ill I
<br />iNlortgagor with tli(. ',\IorjgI,'ue upoll dellikind by tilt- Nlortgkigee. Am- default"i'mder this parkigraph �41mll ht. (Ij.fa . lilt it)
<br />PkIY1110"t of t2xv,�, assessments, or similar charge -S n'quired licruillider.
<br />Tho "NI,)r(ga.,gor agrees thal there Shall :11so ho added it, each molitlilY Pz'Yolvilt of lWillcip;1I and iiifero�;t required h6re-
<br />mider an aniount! estimah-d 1) , v the to ho sufficient to ellable the NI(;rf gaget- to pay, �a., it he(:ojjIc-s (It,;,. file insurapce
<br />PreMill", ()It any insurance p0licY delivered to fit(.' �%Iortgkwco. ATIN' deficielick. iweallse of ill(- ill�uilici"'licy oI such addifiolml-I)kly-
<br />Irlelits simil h. forthwith deposited by ill(' wi(h ill(- 'NIort"ki.gel, upoll ilellialid hy the Mort1mgee. Am, default under this
<br />paragnipli shall be de(.jjIt,(I .1 ill(. payffit-ld of insuralict. pl-villillills. If the polic , v or polici(�,, dopotited , an. slich ;is hollie-
<br />owners or . all risk policit-�Z. and ill(' deposits are insufficient to pay ill(- onfire Ili emillyll, ill(- Imly ;IpplY tilt- deposit, to
<br />Ple,"I'llirl's (,it risks required to he insured bY this morjgki!,,o.
<br />PI"Y'lle"IS III;tdc by ill(- Nlorigagor Illider the ilbove par�lgrnpll, maY, at tilt, option of ill(' Iw lield bv it :iII(I
<br />C0tIIIIIifI,_Ivd with other such fillids or its own fililds for the pkIN'llielif of slu'll k"'d I'lltil so �Ilch payment, ar*e ho-n-I)v
<br />pledged ;1�; securik, for ill(- litillnid Imlance of tho Illortga'-'o irldehlodne.'s.
<br />To procure, deliver to, and maintaill fol- the kqwfit of ill(- Nlortgagev during ill(- life (it- this polirie�4 ;illd
<br />ri�nmvkils tliereof,* deliver(qI ;It 1,.�Ist tt�jl (I;lys befory the expiration of allY such -policies, insuring, ag;lillst firo kind oflivl' 111,111,;Ij,10
<br />hazards, casualties, and contingencies as the Alortgagev nmy reqUire, ill kill 1111011111, e(ILIkI1 to -the st-vul-f-d bv thi.,
<br />Niortgag(.. alid ill.collipalli":4 acct,ptable fit ill(- Nfortgagcu-, with lo.��; payable clause ill favor of' and in form kw(,vpt:IjiIv to fit(,
<br />Ill dw event an policy is Ilot oil or k -fort- tell (I;i ' vs of its expiration. fit(. Moitgai_-(�o may procure ilisurallco -,It tilt
<br />iniprovt�merils. pay Ilw promium therefor, and ,uch u;mjl 11;111 illifilefliah-k- thle and jmy;lblo %vith inton-st at III(. 1%in. 0
<br />forth ill said firite 11111il paid ;illd Alkill bo secured bY fhi.� (ill il'w part of thi- % : loriga��or to fill-Ili'll :�twh
<br />;is ;lre herein n,quired or fail'11*0 lo P;IY ;111�1 still"; advanc(-d hercunder h:ill, at ill(- option of ille c1m,lituh. ;I fhAalilt
<br />luld'.1- III(. terrll.� y.f this Tlw (if �'uch policies slmll. ill tilt' event of (If -fault, (.�;wAifllte ;Ill
<br />oni-ned Im-mitlill.,
<br />Ally surlis I-eceived 1) , v ill,, 1%lortg;lgee bY re:tsoll of los� or dallizige insurt-d agaillst III;I\. he r"tairied hv III,,
<br />;III(I applied to%ml-d lit(, 1);IN'llivilt of, thc debt herob ' v �4vrllred, of*, af fill- optioll of [lit, �Ilrn� (-iflwr
<br />part n -v ho Imid over to flit- %Iortg�kigor to hi, used it) repair such building,; o' 'o I'
<br />g r to) Imild'nev,- 1)uildilig,; ill Ilwir phI4,11 ol, f :111v
<br />Othor or:obya ,atisfaclol. ' v it) III,- 'Mortgago-o withoill affoclin�,, lilt- li,-n on fit,, niorigng., for Illo full :mn,mrit crtmA
<br />hY lwfore stich pa��nwiit vver took plari..
<br />To luollq) HY repair, roston. or rebuild anY bllildill".-� ol. improvt-illellf" flow or licreatter tilt fit(- premi�,., wjji(,JI ;;);I%- jit_
<br />collif, daillaged or ofe,�trovcd: to hl-ep said prvllliso� ill ;,of)(] condition and relmi�-:ind free from ;my 111cf-11:11lic,�z Ii,.II oroill-'r li"ll or
<br />cl;lilli of lit'll silhol-dillait-d to ille liell hen -of: not to suffer or pormit.. ally IlliLlvdill list, (if or �Illv lillisallce lf� �i�'t on
<br />s:lid propert ' N, Ilo'l, to 1wililil %Nkisit. oil said pl-villisvS. nor lo do ;111 ' v oIlwr act N.vherchy ill.- properlY i-olivrvprl shall hecollik.
<br />IU�S V;IIIJ;IhIL' , nor, to dinlinish or inilmir ik valtiv Ij.v :Ili . v nct or oljli�,.*ioll to act: to, t""tolflY ',%iill �Ill of- 1:1%1.' %%ith rc�q)o�c(
<br />to. tilt. Intillga""vd, pl-t-Illisos and the llst� thercol.
<br />That Alould Ille pri-tilises or ali * v part thervol, he tal�eli or dailmgud by rensoll of allY public improvrint-nt or coi il�i t I( it
<br />proci�eding,, or under tilt- right (if emilleat dollmill, lit- ill kim, otlwl' the 'Morl-al'of, shall I-., (-Illitlf�d li� all. colillwils:11 iollis,
<br />IS, :Illd .11IN other 1mynient or r(,Ii(,I' (herefor, ;md sliall ho entitled, ;,I, ii,; oplioil, to comillellul., ;ipjwar ill mid pro�4(-cllfe ill its
<br />OW11 11"1111t. ally :Ictioll (it- proccerling-, or to ni;iku an ' N, vompromi.-w or settieniew ill connectioll willisuch 1;1kill-, (it- dkIIII;I!"(:_AII ;u,ch
<br />c'Hilpells:Itioll, avv�lrds� dallingcs. right of ;wtioli nnd procceds art, lier(di.v as.-.7glied to ill(' Nlorigagf,k% v. -ho mav, "Ifft-1- dedilmill",
<br />therefrom kill its cxpcn�vs, relvast. ;Ili ' N, Illolic ' N", So received 11 ' � it or applY ill(, saille ('11 ally indeblcdllcs� s(wurcd 'I'llc '\Jol-I
<br />ga�,Ior agrees to C�xecill(, �Ilch further as,,ignilients, of kill%, eompens:itioii, klwkjr(l.�. i
<br />Nlortgaglet, rilay roquire. mid rights of atlioll and as t : he
<br />That ill case of faillm- (I) perform III,,, (if ill(, covollkjllt,� lwi4�in, ill,' 19,1!�"(' IMIN' do on tilt, Nlort-,at,-or's lwhnlf evvi-vihing
<br />S 0 C(A't'll"I lit ed: that ill(, Nlorlgagve Illay :11so (to '111Y act it lilkiv (1(�eln 110(l(Issill, ' v to protect tilt. liell thereof: tli;lt the 'Mortg�l!"o'l- will
<br />repay upon dernuld ain, nioneYs paid or disbursed liv tlj(� \Iort,:Igcv for nny of the above purpom;es. ;III(I sit(-], Moneys togotherv.-hil
<br />interest thereon at ill(, rate provided ill s;)i(l note sit;][] bevollie so lilm-li ;Idditiollal illdebtedlle.:�.s licrelm, 4ecill-o(I ;Ill(] 111;tv Ig. ill-
<br />cluded ill all * v deerve*foruclosing this mortgage and he pai(I otit of flie rents or procoods (if- ski](. of s;licl . pro'lilisc'; if not othf.-wist,
<br />paill: that. it shall riot he obligator ' v upoll fit(, '.,\,Iortga,_,o(, to iii(Iiiire itito ill(, %rkjlidit , v of all - v lien. i .11cil III brallvi or claim ill :1(1.
<br />VilliCifig Illolloys, as abov(, authorized, but nothing liervill contaillf-d Alall b(� construed kis requiring ille Mortgat"i�t. to �Idvallc,- :1IIN.
<br />Illolleys for ljli�l purpose nor to do ;Ili%- act horemidor; ;111(1 that i\forigagee sliall Ilot iilCIIr :Ili.\' personal li�ibilit.N, of 'Inv -
<br />thing, it nmY (to or omit to dit heroundor.
<br />In dw ev.-Ilt of ill(. defatlit by 'Mortgagor ill lilt- payllielit of any ilistallniclit, :is requirud I)v ill(' Nof(.,�(-cun-d or
<br />in ill(- performam of the obligatioll ill this mortgage Or ill 010 1101" SCCIII-ed fliel-OhNI, the %lortgagve shall he entitled to declklrt`� the
<br />debt. sectired herebY (Ili(- and pnyllfle \�,itjlojlt Ilojice. and the �Iorlgklgee shall be entitled a[ it�; option, "vidlout either bv-itself
<br />or by ;I receiver to be appointed by the court thervol", and without regard to ill(, adeqtjI(7y of ,Ill%, s.curitv for the ijI(j(-I)tc.cjjl'A-SS Sol-
<br />e
<br />cured hereby, to enter upon alld talk(' POsSVsSiol, of the Illortgaged premises, and to collect. and reevive Ilic retits, issue,; kirid profiis
<br />thereof, and apply ill(' salliv, less costs of operation and colleCtioll. 111)011 file ilideblediwss secured IW this mortgage: said rents,
<br />issues and prQfits boing, herebY Issi,110d 10 (Ile Alorigzhxe as further soctiritY for 'ill(' payrilvill of all ilidehtednes., sevurcd herebN%
<br />The Nlortgagee shall have file pmver to 11�1)oillt kiny agent or agents it ini-ty du:;ire for the P'll-POSe of repairing said prom-
<br />i,,e,.,: renting flie-skillip: collecting the rents. reven6e.,; "'Id income, and it niav pkIY ollf,ofsklid illt:0111V ;III eXPetisys incurred ill rent -
<br />ill, and Inallaging 010 skittle kind of collveting ill(, rentals therefrojil. 'I'll(, balance remaining, if arIN1. Shall he ;ipjflied toward flip
<br />discharge of-th v, mortgage ill debtediless. This assignment is to terminah, kill(] hecollic IIIIII and void . upoll rvlva,�;v of this mortgnge.
<br />1p
<br />
|