|
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 THE FUTURE ADVANCE TO THE 4MORTGAGOR, 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 F1.111TI-TER COVENANI'S A�,'D AC�RFES:
<br />'I'liat tI)e Nlortgagor will pay the indebt(,(Iness as here inhefore provided
<br />'I'l ta L . th(� Nfortgagor is the own"I. of ,;fill propertY in fet. Simple and has good right and lawful autilorit * v III soll ;III(I
<br />conve , v the sallle� * and that the saille is free ;)fill clear of an ' N, lien of- encumbrance: and that Nlortgagor will warrant ,fit([ defelld,tho`�
<br />title it) said pre'lilises agninst ill(' Ci�linls of" all persons wholilsoever.
<br />ial assessillents, Nvater vhargcs. s(,,%vk,r stIr%,-
<br />'Po pay. IIIIIIIedi;IfVk Wife" (11141 MITI J);Iyabl , o all general taxes, spvcial I;IN( s, speo,
<br />and other taxes and cjj;Irge,-; �Igaiw
<br />ice charges, ,I said propork. and all taxes Iv%rie(I ()IT file (IeI)f ljrej), ;,,('I to furnis-Ii tjli�
<br />i%lorfgagee. upoij , 1 -t -quest. with the original or chiplicato receipts therefor. 'I'll(' , Nlortgagor :igrev's that thel shall h(� added to
<br />Illolithly pilyrfient required hervittider of- find . or ille evidence of deht st-cliri'd horebY ;ill alliount estinlated,I)v the
<br />.to h(. slifficiellt to enable ill(, Nlortgagve to pay., as tll('v I)CC01110 (Ille, �Ill Nllws, assessilit-lits. and similar clulf-ges- upoll ill(- pl-cill-
<br />isos subject, thereto; any deficivil(w hveallso of tho ifislifficiellm. (If such additioll"I I payment., shall be forthwith (It-positc(I I)%. ;Ille
<br />i 'Igagor with-tht. Njortgague upoll demand bY ill(' Nlortgagee. AnY defatil.t. midor this par:igraph sh;ill he de(�ijjv(l ;I (lof:IjII( ill
<br />payment of taxe';,
<br />asses,111011k. of- ��illlilar chavgo;� re(plire(I
<br />'I'lle Nlo'rfgagor agree.; thal thery sjI;IIj IT(, it) loolithlY . payrilent of principal �md intorest required 1101 -0 -
<br />under ;tit nniouri * t vstijII;Ite(j IT%, TIT,. to he sufficivilf to emlhh. tit(- N1.6rigagot, to pay. as it hv(-,mj,,s Ill(, ijIskII-;In(.t,
<br />pi-cmiurn oil an%, * insuraoce policY defiver"d to tit(, INIortg:ulve. ATIN' deficien(w I*)(1V;ItI`;(, If I Ill. in.�Ifflicicnvv of such additional pay-
<br />nlents shall be fortll%%'itil dePoSited b%' the Nlorigagor with fill, Nlortgngve upop dellmild bY tilt, Mortg;1goo. All.", default Tinder thi.,;
<br />a dufallit ill the paylilelif of illsilrance prelilillills. If ill(- policy (If- liolicies flojjo:�i(vd art. such als Ilt,111—
<br />paragr;ipli shall be deemed
<br />own(Irs.or all risk policies, -Mid ill(- (h,posils are insufficielit to p;ly III(- i-jitire prf-mium, I'lle %I Tom- appIN- tilt. cj(,po.�ij to
<br />pay lyn-mitinIS off I-isks rV(IIIirV(I to be insured bN1 this mortgage. I
<br />, villents malle 1) , v the %lortgngor under The aboV0 ;M1,;lgraphs 111:1 , N', ;ft tit(- option Ili. ill(, Mol-i"agoo, 1w lield hN. it and
<br />comillingled with other such funds, of. it, own funds for t1w paymelit (If such items, and Illitil �o applil.d. such p;IytIIvfII,-;
<br />Ph'd;,"'d �ls securitY for ill(- uflj)�Iid h2lance (if The wort,.,,,ago indehl t-doc�s�.
<br />'I'll pr(wim-, deliver to. ;Ili(] mainuiiii for the honefil of�tlw �Iortp;igee (11161W file ]if" ()I this Illortgagf, orig"ilml pohcic� ; i fill
<br />renewals thereof, (l(-Iiv(-rvd :11 Icai t(qI d:I Iwforo flit- expiration of an -v stl(-Il ijj._;oriIfg ag'ainst fit-(. :Ind other jn�tjmlhle
<br />liazards, casualties, and contingencies Is the Nlortgagce may re(lifire, ill 1111 il"101111t c'C111,11 to'tllc' ill(Icbtediws, Secured bY this
<br />,%locig'age, and ill compallics acc(.ptablo to ill(' %lorigigee, %%illi loss payabil. clause ill favor ofarld ill form acceptable to ill(- Mort,ga
<br />gov, In. ill-, evelit, all . N, policY is not. renewed (,if or k -fort. fell of, its expirat ioll. I he '�lort-119ce Illay procure oll �t )w
<br />Improvements. pay ill(- prenlillill then -for, nild such suill shall fwv�,Ilw illlllwdiaffd� . fill(- all(l payahli. witil infercst :it fill, rah.
<br />forth in said note until p;ji(I ;111(1 shall be "'o-11 rt -d bv this Fniltiro oil fit,- part of Ilw -%Iortgji,,or III ItIlilish such
<br />m� an, 1wroin rv'(111ired or failuw:to pny fit,. stillis :I(lv;Incl-d 114-ro'ljorit'r AvIll. "it tilt. option of the Mort"a"co. constituh. a dot�iult
<br />undor ill(, terros-of this fill) r! "'age. 'I'll(, dolivor.v of such policie,; shalL in tilt, event of (11-fauh, I-mi'littit'. :ill nt Ilw fill-
<br />(-arned lin-initiol.
<br />A it , v so * ITT.-; rcc,.ived It,%, tho Mortgag".o 1) ' v rea�4oji (it los�; or damage -ill�;Ilrud agaiw4t rtm� I't, rt'inillod .11k. 11w
<br />and applied tw.v:1rd t1w paviijent of ille (j(.I)j llf,rebv �ccllrt-d. or, ;11 tit(. option If TIT,- such wh-j1h., ,r Ili
<br />Imi-f tnii.v bo paid o%(,I- to III(, %jorI.,:Igor To 1)(� vpair s'uch buil(filig's of- to building, ill Their I&Ice or t*,iT MW
<br />tlsI�d to I
<br />oilior purpose tq ohjccl s:jjisfactor to fill- fill. Iii-ri ()If Ilp, 1110 J1111 h'in.
<br />hY hcfore soch.j.)aymont I -ver Took place.
<br />I I) ri * loiptl.v rvp:iir, re��toro of- i,14mild ;in.y buildilig'7� (!I- llllplovefll(�Ilk n,Iv, (,r the pj-(-jjjj,_ \%Ilich Ilim-11f.-
<br />colip, dimlaged. (w destrovpd: to kvop said -cpair ;111(1 fro'. from imv mechanic,< -n or oti;-'r holl (IT.
<br />ill good condition ond I
<br />clailil (If lien , v subordinated to tilt- 1wil lien -of: nol'to suffl-f- or Iwuiliit ;IIIV 11111:1WI'll I tl�z,, (I!' or an,,- To j.%J�t:oIl
<br />- N. por if) 1wrillit wosIl. (.11 said prorlo'es. flor to do '111Y other act whorl-Im. Ow propertv floreby conveyed shall b"voill"
<br />v"Iltiahl('. il,or,.Io diiiiiiiisil )I- iIIjp:ji)- ik f)Y mly art or onlis,'loll it, nct: . To cofopj�\ 'xith ;dl requirf-Invill'-,; of km %kith
<br />to The mortgagl-tj prvwi�zes �ill;l lit(. jj.�j- tili-ri,of.
<br />should The or ;tit%- parf theroof Iw takell of- dallia;,ed bY 1-0�lsoll (If :IIIv pilblic iniprovotW.ot or colid'.1111mlion
<br />proceeding. or tilider III(I right (If crilinclit doillaill, or ill, an , other inaliller. lilt- "\Iortg';Ig'v(' fit- ontilled I(, �Ilj conIjwII,;IIioII�;.
<br />awa.,Is, and al I.%, other payt I Tent or relief Therefor. :;fill sliall Jw elltitl(,(J. :it, its oPfil"'. ill Cool 111(41CV, ;II);Wltr ill and pro,(,-ctite ill its
<br />MYri TIMM- ally action (,I- proceeding. or to ni:ike anY com 1) roill is(, of. settlenivilt ill connection %vith such taking, of- dallm--t.. -%It sn'.11
<br />(,Wllpere�atioll, danlage.�. right of' :Wtioll :Iod JUM-f-eds ar-- livrebY il�: ign0d ill the 'i\Iortgngt-(-. v.-Ijo lmlv. ;Irt,.I- dt-duct'i1w
<br />therefrom all its expenst-s. relvase :fit ' v moncY., so J,Y it or ;IpplY III,- s;IIIIv on :In v indehh-dill'S'; ,WV11r.-d iII'fvbV 'I'll(-
<br />' lagor agrec,,; to execuh, su(,li furt1wr a.s.sigilille1w, (If anY Cool JWII-;;It lot). ;It'll h0lls of;Wtioll ;Ind pr",cood.� ;1:� The
<br />IN Tort gagoe may require.
<br />'111:11 ill vase (If faillin. to perforill an�' of tit(, covenants liercin, fit(- �Nio r tagve do ('11 the 'if),
<br />Mortg';1gor'.� 1whalt ,verx tit I,
<br />COVvIliIII(ed; that the 'Morigaget- Illay also do all ' N, ilct if 111:1 , v (il-Ill ocn-Isary , to prolevt Ill(' li(?Il HIPI-e0f: tll;lt tilt' -\Iolfgagor will
<br />r,,I)Tiy upon demand aliv njojle.�s pzli(I or tIi.-;j)jIrsed b%. The Nlortgaget, for ;III.\, of ill(. ahove purpo,�e.��. :It'll stIVII li101IeVs Together %k:ifh
<br />interest thereon at ill(- rate provided ill s:jid ll()J(, sjI;IjI J)econle so much additional illdf'hfP(1110�1 hereby ;'Illd 111.1%. lw.in-
<br />cluded ill ariv (Iccru(: forcclo�ing this mortgage Mid be I)ilid out of' the ronts ()I- proveo(k ofsalii of if oo,
<br />]):fill: that it, shifli not. be obligaiorY lipoll Ille 1NIoNg"I've to Inquire into the validitY of am. ericumbranc(-s. or claim ill Ill-
<br />vancing moneys -as nhove authorized, hilt nothill.g, hervill contained shall he coilstriled :is requiring, ill(- Morl"a"c'. III ;id%*.*Io('c :111%,
<br />Illolleys for ally slich purpose nor to do any ;let liereundor; ;ill(] that Mortgagee shall not incur am- pt,rsoll;ll Ij;II)iIjt%- lwc;111:�(. of "im,-
<br />thillif it IMIV (10 (If- oillit Ili (to hercunder.
<br />ITT tilt,. event of ill(, default 1) , v j'\Iortgagor ill the payment. of nij.N, ijl.,;t;IIIIIIIt. :IS I-cluired 1) ' v ille Noto sevuri-d hendw, of,
<br />ill flit, I)(- rfo rill � ITT ce of tilt, ohligation ill this 111017t,,19P Or ill ill(- Ilote secured thereby, ill(, '\Iortgagee shall 1w untided to ducklro� tho
<br />dehf. secured ll(*�rel)Y due nild payable without notice, and ill(- Nfortgagve sliall IT(' elifide(I ilt it`; "Ptioll, Witil0tit ooliCe. either by itself
<br />or by ;I receiver it) Ile appointed bY tit(! (!otIrt iIjQrvof, iIII(I without regard to flit, ;idv(IjIjjcy of se(:jIrit\1 for the ill(johledliesssf.-
<br />cured hereby, to enter tipon and take possession of the Illortgaged preirlises. and ill Collect and receive tit(- rents. issuesall(I profit.�;
<br />thereof. and apply the sarne. less costs of oper.'ition all(] collection, upoll ill(' ilidebtefilles" secured bY this Illortgage: said rent.�;,
<br />issues, and profits beint, tivreby ;I.S.�igllcd to file NT0rt;,1;I-,1ve as further sectirity for t )I(, paylovot of ;III ill(jellt
<br />C(Iness �l,vurvd
<br />,nw Imortgagee sdiall have flit, power to any agent or agellts it Illay desire for the I)III-POsO of repairing*said prem-
<br />ises: renting flit.- , saniv: collecting file renk. reve,nues and income, and it 111,1Y pay out. of ;,fill in('0111(" ;111 exj)(I�lsys incurred in rent -
<br />ill, and 111,111aging, ill(' saille and of coijecting't ' Ill, rentals therefrojio. 'I'll(- balflice reilllilliz1g, if ;Illv. shall he applied toward ill('
<br />disvilarge of. fit(-' mortgage indebtedness. Thi,, assignmellt is to terminate anil I)CCOMP 111,11 Mid \'oil] upon rclv�tse of this mortgage.
<br />
|