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010742
<br />THIS MORTGAGE IS ALSO TO BE AND CONTINUE TO BE, FROM TIME TO TIME, SECURITY FOR THE PAYMENT 01� SUCH
<br />SUM OR SUMS 0 F MONEY AS THE MORTGAGEE'MAY FROM TIME TO TIME IN THE FUTURE ADVANCE Td THE.'MORTGAGOR, AND
<br />�EVIDENCED BY A SUPPLEMENTAL NOTE OR NOT�S, 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 COYENANTS -AND AGREES:
<br />That. the INIortgagor will pay the indebti'diiess I,., hervinbefore provid;�d.
<br />That "the 'Niortgagor is the oNviler of s . ;I . id property ill fee simple and has good riglit and lawful alithoritv to soll and
<br />collve * v tile slIr)!ie- and that the same is free and d6ar of any lien or encumbrance: and that Nlortgagor will warrant and defend fit(!
<br />title to Said pr,enlises agailist the claillis of alf persons whomsoever.
<br />To pay immediately %%,]tell (file and payahle all general tim-s, special taxes, special assessments. water charges. svwer.�vrv-
<br />i('(- Charges. and other taxes and charges again ' st said propert ' v,. and all taxes levied oil the (](-Ill secured hereby, lind to furnish'* flie
<br />al *
<br />Nlortgagee, upon rvqjl(�st, �%-itll tile origill, or -duplicate receipts therefor. Tile lNlortgagor li'lzroes that there shall ho to
<br />v;lch montilly p"iyment required hereunder or under ill(, evidence of deht secured lioreby :ill Jimoillitestilliated 1) - v tilt, Nlortg�igee
<br />to bo�sllfiicivnt *to ellable the N'lortgagee to pay, as illey becollit, due. 111 t;INCS,' assessments. and similar charg s upon the preill-
<br />e
<br />i. -Ws subject t1terelo; any deficielle ' v because of tile illsufficiency. of such addilional payments s . hall he forthwith (k -posited bv' tile
<br />INIortgagor with fit(, Alortgagce. 111)011 delliand -by ()I(- iNlortgagov. Any default under this parligrapli sliall he dvemed I dofli-IjIt ill
<br />payllwilt. of tax?.s, issessnients, or similar chargo,-s required hereunde
<br />r.
<br />'I'll(, iNlortgagor agrees that there shall also be added to each Illolithly payment of principal and interi-st required ll:! -r( --
<br />under ill am011olf eStilIllLted 1) - v the Nlortgagee to be sufficient to�vnlible flit, '\forf;,,agvi- if) pay,- as it becolues dile, tile insur;ilice
<br />pi-cmitim oil an� insurance polic delivore(I to tile 1%lort"ll"ev. AnY deficiellcY hecallse of the iiislifficienc%, of, such additional I'my-
<br />illelits shall be Sort lixvit li depositod by Ill(- Nlortgagor with fit(. %Iortgagee upon demand ht, Ilw.,%Iort.(,,a.t-e. AmIdefault. under this
<br />lied a defatilt ill the paylilent of insurance prenumns. If the policy or 1�olicics deposited are so( -11 :is lionle-
<br />paragraph shall he deei
<br />owne�s or all risk policies, lind the deposits are insufficient to Imy fit(, entire preinium, I lit, Nlortgagco inliv ;ippIv the (I(-posil to
<br />a
<br />flay premiums oil risks required to he insured I)v this itiortgagv.
<br />I'll ' VolviltS 11111(le bY flit- Nfortgagor under tile above paragraphs niaY, at flic. optioil of', the \Iortgagee. be held b%- it ;111(1
<br />commingled with other such funds or its Own filliffs for the payment of Such items. and until so applied. such paylllvllt;� ;it-*,,
<br />pledged as securitv for fit(- unpaid balonce of tllf'� Illortgage indobtodiless
<br />To procure, deliver to, and maintain for the Iwnefit of fit(- Nlortgagee fluring, ille life of this Illortglge origi I I; I s 7 l I I I
<br />renewals thereof, , delivered at least tell (11-lYs before tile expiration of :lit such'I)Olicies. insuring against fit.(: and o(hor insur"Ible
<br />hazards, casualties, and contingencies I,,; the Nlo*rtgageu may require, ill ill aillount.equal to tile ilidebtedliess wcured by this
<br />%lortgagee, with loss payable (1: LISO ill flIVOr Of Ilod ill fOrIll lICCL'I)tl1b1(� to tilt-
<br />Alo�tgage, and ii� companies acceptal?le to the I
<br />gee. Ill fit(- evelaf-. allY policY is not reliewed oil mr befort. tell (Ino's of its expirati.on. t he %lortgagee Illay procu re insurance on' I it,,
<br />improvements, *pay t1w premitim therefor, and S11.01 stilli shall bevollie inlinediatel " v (Iliv and Imyable with illt(�rest at ill(. rato Set
<br />forth in said jlo�o_lllltil paid and shall he secilred Im, this Illortgagle. oil the part of I lit'' Niorig'agor to fill-nisli soch rcne% . vllLz
<br />:I,, are herein ri�rfttired or failure to pay any sums nd\,anced heremi(ror shall, lIt, the option Of the Nlorigageo% cmistitjlf(� I (11-I'llult
<br />under flit- terni,, of this niortgligo. 'I'lle dviivery of �,llrh shall. ill the event of default. (�Onslitufe all ass;gInnivill oI lit(, ull-
<br />e;irfwd premium.
<br />AnV slinis receivc(l hY dw %lortgagce Iw reasoll of loss or dliniage insured agaillsi 1110 %Iol.tg1;Irt1v
<br />hill v he I bN
<br />and appli(-d to,ward the pa�'nivilt of flit- debt hcreh.v st'(11red, ol., lit the option of the such sullis wholiv o'
<br />r ill
<br />part ma * v he p�iicl ovet- to ljl(� Mortgagor to be ust'd to repair such hididings-.61: to build'llvw buildings ill their Place ol for "Iliv
<br />other purpos(� or ol)j(,(-t satisfacloro- to the %lortgagce without affectill, the lien on tile Illortga!"c fl)'- H10 hill arnonlit securod hi�ri'
<br />bY hvfore such plf.vilield ever took phice.
<br />To ImmiptlY repair. restore (,I- rc-build allN, buildill""s Or improvem"llt., now or liervai -cm is, -Ili( he -
<br />for oil t1w lit -s
<br />come damaged or destro , ved: to keep said premises ill good condition and repair :11ld free from all * v mcclumic's lif-11 ol. o1fier liell Or
<br />claim of liell not expressIv subordinated to fit(. liell hercof; oot Io suffer Or permit am, mil:jwft
<br />i 11 use of oi- allY 1111isalln, to exist, ('11
<br />said properly liol. to perillit wll�stc. ('11 said prenlisc, ';lit%
<br />s. nor to do Y offiel- 1(:t w1jerel) tile propt.rt.\ 11crub.N. conveYed shall becollie
<br />loss valliable. nor I * 0 dimillish or inipair its vaitte 1) zl(-t or ojjlis.,;jojI to lwt: to ColliplY with :111 requirennents of law willi re.�Ilt ct
<br />to fit(- mortgaged premises and flit. it.-;(, thereof.
<br />That should fit(- premises or :lit , N' part thercof b(- taijell *ol. dalliaged I)%' ireasoll of atly public improvenwrit or c,olldeniliation
<br />'lit of eminent donlaill, or ill llilv of1wr malliler. tll(� %lortgagee A)IIII Ile (,Iltitl"(l to :11 1 collllwnsati,:�Ills,
<br />proeveding, or tinder the rig
<br />awards, and ;illy oflier payment or relief therefor, and sliall 1)(' entitled. lit its option, to coollylerl0e. ill,itS
<br />o�vll will -to ally action or proceeding, Or to 111,Lke' any compromise or settlonit-rit ill coollpetioll \%.itll sjl(�Ij taking or damage. AI] soch
<br />compensation, awards, da"129VIS, right Of Ictioll ;III(I I)rocceds lfre herchy assigned to the who lilliv. after (1(�duc6llg,
<br />therefrom all its expelv�vs. release ally Illolwys so received bo. it or apply fit(,, same 'Iflednes,
<br />Oo ;I"%' illd( secured lwr(-b%.TIw \I(,rt-
<br />gagor agrevs to, (-xvviitt, such fur.ther as."ignillelits of :111y compensation. and �'igllts of nction and pr(wt.'vd, as:t1le
<br />t\ fort gagov may -require:
<br />That ill case of failure to perforin ;ill%, of -the covenants liervin. ill(,- 111,ly (10 ()It flit, Mor(gagor's behalf i,ven-thing
<br />so covenatifed:. Illat the Nlortgagee may also do illy act, it, maY dvelli llecossan, to Pr"feelt fit(' 14-11 thereof: that the i%lortgligilr ovill
<br />repay upon dexilpi-Id ally'lliolleys paid or disburse
<br />0 1) the Nlorfgagec for ati.% of fit(, ahove purposes, Mid sllCh Illollt, ' vs togo(her with
<br />interest tliervoilC.nt Hit- rate provided ill �;Iid note shall hecollie so much additiolIzil ill(fehit-cilless herebY sectfr(ql and olav he,ili-
<br />'I, . s tlwr%�-ise
<br />cluded ill illy decret, foreclosing illis modg. ge allo-j he Imid. otif of' the rents or procee(Is of' s,,11(, Of sIi(I preolisi. if oI 11'
<br />paid; that. it, sfiill not be obligatory upoll tile j\joltgligee to iii(Illire il)to tilt, vllli(lit.\, Of lo'V livil. enclimbr.inci�s. or claim ill 'ad-
<br />valicing nioneys as above authorized, but nothill' herein colitailh-d Sluill be con�strued as rectilirill, (lit. \Jort
<br />gng(.(. jo advanco, ally
<br />moneys for any.�izch purpose nor to do any ;let liermilider: and that NlortgageO'SIVIII 'lot ir"IcUrallY personal lill)ilit\. bccall.�o of ally -
<br />thing, it ITiaY (1.0 -or onlit to do hereoinder.
<br />Ill th( * vv(�nt of the defau . It bY tll(� P;IYI11eIIt Of lIlIY i"St,111ill-A. llS r-juired bV the Note S(.cured here1w, or
<br />ill the performance of tile ohligatioll ill Illis mortgage or ill flit, note sectireff thereby. the %lortga'gee shall be ('11titled to dcclaro� the
<br />debt. secured hereby due and payable without liolive. and ill(- Nlortgagee shall he entitled af, its option, without flotice. eitherbo, . , itself
<br />or by I receiv(4.'to Ile appointed by the colirt fliereof. litid without regard to fit(' -Ide(jilzicV Of any securitv for flit. indebtedliess se-
<br />cured hereby, fo ePter upon and take possessi6n of the illortgaged premises, and to collect and receive tile rents. issues and profits
<br />thereof, and japply the same, less cost,, of op(�ratioll lIlld VOIILT6011, 111)011 tile ill(fel)terilless secured I)v this mortgage: szii(l rents,
<br />issiles and piorits being hereby assigned to the Nlortgagee as further sectiritv for the paymelit of ;Ill - so
<br />irldehtedlies, -cured hvi-M)N%
<br />The Nlort ' gagee shall have1he power to appoint. aily Igellt Or ;l9elits it may desire for the purpose of repairing said preni-
<br />ises; renting the sim(-: collecting the rents. rcvbzitj(,s litl*d illcollic, and it nlav Plly ()lit Of s,"id itIcO1IIV lIll exiWilses incurred ill rent-
<br />ilig I'lld nialillgilig tile saille lit(] of col . lecting. tile rentals therefroL The balance remaining, if anv. sliall ht� lipplie(I toward tile
<br />discharge (if the mortga gc- illclebtedliess. This assignment is to terminate and becol"O Mill Illd Voidupon releas(-� (if this mortt�age.
<br />0 ., . 0
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