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<br />THIS MORTGAGE IS ALSO TO BE AND CONTINUE TO BE, FROM TIME T TIME, SEC6,13111*1. FOR THE PAIMENT OF SUCH
<br />SUM OR SUMS OF MONEY AS THE MORTGAGEE MAY FROM.TIMIE TO TIME IN HE FUTURE ADV NCE TO THE MORfGAGOR, AND
<br />EVIDENCED BY A SUPPLEMENTAL NOTE OR NOTES, BUT THE TOTAL INDEBTEDN SS SECUR D, BY THIS MORTGAGE SHALL NOT
<br />EXCEED ONE'HUNDRED TWENTY (1'20) PER CENT OF:THE AMOUNT NOW OWINGj EXCEPT'FOR �Ny ADVANCES THAT , MAY BE MADE
<br />TO PROTECT THE SECURITY IN ACCORDANCE WITH THE TERMS OF THIS MORTGAGE
<br />THE MORTGAGO11 FURTHER COVENANTS AND AGREES:
<br />That the Mortgagor will pay the indebtedness, as hereinbefore provided.
<br />That. flie Nlort.gagor is the owner of said. property in fe�e simple MIR Uls �qod rig it and lawful autIl6ritv to sell and
<br />conve , v the sarnoand that the saint, is free and clear of anN lien or� encurnbrancd: lud:tliat Nldrtga',or will Mul defolnd Ole
<br />title to snid premiseg against the claillis, of all persons whoinsoever.
<br />To pay inirni�diately When (in(,- and payable all general t1MlS,rSI)eCi.lI t� x �s, sj�)(lCial a4essi lents. water chirges, sewer serv-
<br />ice cliar;,,cs. and other taxv� ,in(] charges against'said property, arid all taxes If,,i d oil the (If-5t.s(inired hereb%. and:to furnish file
<br />upon request, with the original or duplicate receipt": therefor. Tir Nlo'rt,,a,,or -q,rc ls that there ji.'ll he added'to
<br />w
<br />each monthly payment required li,,.-reunder or under the of debt secure I hereby an Lum unt estimated 11y' the I%Iortgagee
<br />as thm. hecoule due, all taxer tipon the pro�n-
<br />to 'he sufficient. to (�llablv ill(! Nlortgagec to pa� ass(�ssrnents, ,in( similar chargi
<br />ilw�� subject. fliereto: any deficienev because of tile insufficiencY of: such addition; I ptivnients shal lie forthwith ileposited bY flle
<br />��Iortgallor with the Nlortgagco upon demand by the Nlortgagee. Anv default t rider this pa -apr tph shall be dom od a defilulCill
<br />n
<br />paynwrit of taxes, a.,sessnients, or similar char"(1.1; required herelilider.
<br />The �%Iortgllg'or ag'rccs tll�lt there shall also he ;lddefl it; each illontill pavinotif (if 1.�rin -ipal apci j�zlt( t required liere-
<br />the ills. it rance
<br />untler an aniount. estimated bY the I'Mortgaget, to I)(- sufficient if) ('1111hh. the to pzl�r ; I, it becollil (1,
<br />premium oil anv insuranct, policY defivered to ill(, Nlortllagve. Am, deficiellcv 1) q� ills(- (if the hisil ficiellev of such ;idditional pJv-
<br />ments shall he forthwith deposited. by tho Nlortgagor with tit(, NIortgagoo upoll (I n)"ind hv ill \I irtgageo. Anv, d(,fault under this
<br />Pil�agraph shall be devined �1 d0f:1111t ill ill(' jMyrll(;'llt 01' illslll-MICO preniamis. I I he polivN. or 'poli �ies depo�itccl il�;(- such a�; holml-
<br />owners or all risk policies, and the deposits ate insliflici(-nt to pay ill(! entire 1)r( mitun, ill(, �,Iorw�agee inov apply:tlle deposit,to
<br />pay promiums oil risk� roquired to'be insured bv 116,; lllorklag,�.
<br />PaYments made by the Alork�agor wilder ill(, ahove paragraphs niaYl Jt tit(, 1) t i:)tll (11, 11) Njortgagee, bi'lleld bv it and
<br />coll"Illinglvd with other such fund., or its owli funds for ill plied, such p� .. ...... I., ,,r,, hereby
<br />e 1myllient of such it,, I mi lit it �z,
<br />pledged as security for the litilmid halance of ill(' lllortj�al_,o indebit'diless.
<br />To procure, deliver to, and maintain for ill(, lienefif. of ill(, "\lort"'agco I I ring. 't is Illortgage orikinal policies ali'd
<br />ill(, lift pf 11
<br />rejiev.,ak there0f, delivered at least tell da.vs b"fore the expiration of aliv stich I ohci(,,;, iw;u ow :igairlst fire :m(1 othor insurahle.
<br />hazard�,-, ca.-;Llalties, and voil t i ill"clicics ;Is ill(, %lort"':agee may re(Iiiii-t., in' I i .
<br />;Ili "Ifilf lint equal ill ill, inclebtediles* secured bY this
<br />NIortl_la,,c, and in conipailics accepiable to ill(, Nlortgagct% with loss payable cl;lll�(
<br />ill 1!.11\1( r of a m I i ) forn) accciptaltilf-:Io ill(, 'Oortga-
<br />gve. In Ilw event, aliy polic,v j., not rellewed oil or 1)�,fory ten days of its expil-At c, 13, ille iMort"a( o may procureiin"surance oil ill( -
<br />improvements, pay tit(- promium therefor, and ,inch s-11111 shall hcc�mw imillediat �l - duo and im.val Ie with interesa.'at the rate set
<br />forth in s;iid not(' until 1),lid 111(1 SIM11 bo secured bv tlli�� Failtlr(� oil ti u part of,th" %I( Ngagor to furnish such renewals
<br />�ls are herein requirild or failure to pay lily surns advariced licreunder shall, al d (' oj)tioll of thc colistitute a.d(4atlIt
<br />lindvi- the lerills of this lilortga"'o. The delivor.v of slich policies sh�ill, ill the eve it if default, 'ml�titute an ill(. 1111-
<br />varned promillill.
<br />Am, sums received hv lj�w %,lorigagee b.v-reason (if tos.s or dainage i I. are(j against i'llia he retailiell liv'ithe Nlortag'(le
<br />ard ill(! payment. of ill(, debt lierchy sccured, or, nt the optio i of tho �Iortgage such silins �'i orin
<br />and applied tow. 11161. wholl\
<br />part may he 0 -o 1)
<br />Imid over to the Nilortgagor to be used to rt,pair sut.1i building.,; uild llt,%N bulldill's in flivir:1flace or for any
<br />other purpose or object satisfactor * v to ill(, Mort.,_,ag�ce without afTecting ill(, lie [I'le morig 1,"i.. or t1w fill] arjlo� int:stwured here-
<br />by li(,for(, such payment vvi�r took
<br />repair, 11 it
<br />To promptIN restore or rt4mild any buildings or improvemenLi now, or here,,tltei oil tit(, 'Which 1m)Y I')(, -
<br />come daniaged or destroyed: to keep said prenlises ill good condition and repait, lid fret. froll ;in:. Ineclitinic"s livii l!)r othor Iien �or
<br />claim (if livil not expressly subordina led to the lien liereof: not to suffer or perm I t, aziv� ujilawfk I ii,� l of or any to exist oil
<br />said properly nor to permit wast(; oil said plenlises, nor to do ail I I
<br />y other act..\% 1 re t to pr( periy hereby convc�p.d. shall hecome,
<br />less valliable, nor to diminish or impair its value hY any act or ornis'sioll to act; to oniplY with z, 1 11 1equirellients of!h6v with respect
<br />Qi tl)t- mortgaged premises and theuse thereof.
<br />publ c iniprovemerit;6r condemnation
<br />That. should ill(- preiiii,-'es'or ,in.% part thereof be taken or damaged b'N re, ISoll of �lllv I
<br />proceeding, or mider the right of ilininent domain, or in anv other manner, the illortiagee shlill .1 1, ontitled to :131, com pollsat itills,
<br />a\'Vards, and any other payment oil: relief therefor, and sliall'be entitled, at its t: , 'I . 1, i io coninit-lic( , appt�ar in and prosecut-0 in ibs
<br />- prtice( clion
<br />,oly action ol -di*n,,_,, or to niake any conlproniis� or settlenic (:�J i C( I (
<br />()%Vll millie I In, �witl such taking ol-Wainage. All such
<br />compensation, awards, daniages, ijlit of action an(I procee(Is are hereb :-i i
<br />y , sis; , liki to the lortg, lgee, who inav:
<br />i . . after deducting
<br />therefrom all it -s expenses, relcase-any moneys so received by it. or apply the sa ill. on,aliv ili(H
<br />. . 1, - -hte(hiess s(,cured lit rehy. The '%Iort-
<br />g,agor agree,, to execute such further ussignments of any compensation, awards anl,� I 'es, �an& rig] is of action and proceeds as ill(!
<br />Niortgagee may require.
<br />That in case of failure to perform any of the covemints herein, le I or m lb,')m:11' everything
<br />it Al t,qee play (to yn t � or gagor,s
<br />so coveminted; that the Nlortgagee may also do ally aet, it Illay devill necessar\r �n prolect, the lien t wreof: t t tit(, A-lortgagor will
<br />repay upon demand lily nioneys Paid or disbursed 1).� the Nlortgagev. for anN 0 i t w above purj)ose;, ind such nlolIeN;s together with
<br />interest thereon at ill(! rate provided in �said note shall become si.) much additiin�al indcbt(',,dzj1vss� herehY securer ind may be ill-
<br />cluded in lily dveree foreclosing this mortgage inid he paid out (if the rent,,; or proce�,,dl, of sale I said'prernises! if riot otherwise
<br />paid.. fliat it sliall not. be obligatory upon ill(! Nfortgageo to inquire into the vllidit�vl� of anY Ilien encurnbrazicesi, Or-fflaini ill ad-
<br />valicing moneys s ;It)()%'(! authorized, but nothing herein containe I shall be collIt uedias requiriii the Nlortgage;l-to advance any
<br />moneys for any such purpose nor to do ,lily act hereunder: in(] that Nifortgagee sh.,ill not incur an.v )ersomil liability. because of ,ill\
<br />thing it, may (to or orilit to (to herejoider.
<br />In the event of the default. bv Alortgagor in the paymen!. of any instal I I n'i' , ' �nt.! is required by the IN'ote.stcur ed hereby, pr.
<br />in the performance of the obligation in this niorti�age or ill the not(- secured thereby;' the Nlort:lagc I shall be, entitilld to declare ill(!
<br />clobt, secured hereby due and payable without. notice, and the Nlortgagee shall belentitled tit its 6pti( n, without I -e" either by itself
<br />I , lotit
<br />or I)v a receiver to be appointed Hy the court thereof, and without regard to fliq ;Wc-quacy (if ;1�ny iecurity for th(.1 i�debtedness
<br />cured hereby, to enter upon and ialce possession of the mortgaged premises, ana �o collect. land re( eive t fie rents, 'issues and profits
<br />thereof, and apply the sarne, less�costl; of operation and collection . upon the it I 1(112htefirless sellire I I)v this niodgage- said rents,
<br />J
<br />issues and proAts l')eii'ig hereby aLsigned to the 1%lorigagee as further securitv for thc payment of!all indebtedness se6ir
<br />e (I
<br />The Nlortga,-ee shall havC' the I)ONVer to 11)point. any ageni.".r agents it linay clesire forl
<br />ill(- purpose of repb * iring said prefi-i-
<br />-ilts, revenu&s and income; and it nlay p.ay out of Said hic . d1le all expenses,lincurred in rent-
<br />ises; renting the same; collecting.'the r(
<br />in,, and managing ill(-- same n&of collecting the rentals thercf�oin. The balance remainingj if. . ny, shall be ap�jilied toward the
<br />discharge of file mortgage indebtiedness. This assi0iment is to terminate and I ome null in( I V.:
<br />o (I upon release of this mortgage.
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