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010746
<br />THIS MORTGAGE IS ALSO. TO BE AND CONTINUE TO BE, FROM TIME 0 TIME, SECU ITY FOR THE TAYMENT OF SUCH
<br />SUM OR SUMS OF MONEY AS TOE MORTGAGEE -''MAY FROM TIME TO TIME I� THE- FUTURE AD ANCE TO THE' I tAORTGAGOR, 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 OFiTHE AMOUNT NOW OWING
<br />:EXCEPT FOR Ar Y ADVANCES THAT MAY BE MADE
<br />TO PROTECT THE SECURITY IN ACCORDANCE -WITH THE TERMS OF THIS I'AC RTGAGE.
<br />T11E MORTGAGOR FtJRTFIER COVENANTS AND AGREES':'
<br />That the Mortgagor will pay the indehtedn�!Oss as liereinbefore provid L.
<br />That Ili( ' � 'Nlortgagor is the owner of said jl)roperty in fee simple I ill' lia" good r I ight and lawful autili . or I itv to sell ind
<br />convey the same and that thesame is free ,in(] cleal-Wany lien or viletimbrai c(; and that N'Tortagor will Nvarr,�nt. and &fend the
<br />f " I - i .
<br />title to said premises against till, clainis o all. persons whonisoever.
<br />To pay inifilvdiately %%,11(:tl dlu. If)(] payahle:all general taxes, special special ilsselsillents, water (:!Iiarges, seworserv-
<br />ice charges, and other taxes Ili(] charges agiinst sai� , I propertY, and .111 taxes the dobt:4ecured liere1w.'latid to ftli-nish the
<br />Nlortgago.,e, upon re(ItIeSt, with 'tile original or duplicate receipts therefor. "I::(- N�ortgagor aglVes that thereishall lie added to
<br />pach monthly payment required heretinder of- �nidel- the evidence of debt se(twed livrel)v fit ;if ionlit, estimated. by till! Mortgagee
<br />to be sufficient. to enable. the Mortgagee to pay, is thev beconle (ILle, all ta ces, a.4sessillelik. Ad similar charges qpon fit(, prem-
<br />ises subject thereto; ally deficiency bucanse of tile illislifficiency of slich addih o�ial payinents sivill be forthwitl,! de:posited by the
<br />i),Iortgagor with till-- Allortgagee'lipoll delliand by tlle-Alortgag�'(!. %it.%, defaill, under'this i'Mra,,raph shall he-deel I lied a def:1111t ill
<br />payment of taxes, assessments. or similar chargi4; required hereunder.
<br />'I'll(, Nlortgagor ag'rees that there shall al.,6 he added to (,;tell moritill r payllient of pr ncipal and interest required liere-
<br />under fit aniount. estimated bN, the AfortgageeAq be sufficient. to e, nable the 1�11(Vgagee to I" it%-. �ls it heconles 0m�,.- the insurance
<br />premitihi.on any insurance poliCN' delivered to fit(- 'Mortgagee. Any deficiency cali't., of thi, in;llfficiel)(A' of slie'll. additional pay-
<br />inenk shall be forthwith deposited by tile Nfortgagol- with the Nlortgagee ill)( n, demand bN. I lie \Tortgagve, Anyidefault, finder this
<br />pqragraph sliall be deenied a default in till- payineltilf of insuranc'e prenlillins. 11''the polim'- (f)r its lioniv-
<br />owners or all risk policies, and tjw deposits ;ire if�fsdflicient. to pay the entire 1� rs,nijunl_ the! i'\It rtgagee may alijily the deposit to
<br />pay prefilitillis oil risk.,; required to be insured by this mortgap�.
<br />Pavillents, made bv till. A,lortgagor under fit(! above paragraphs.may. t fit(, option: of fit(, %lort,a1vv,tbt.- held bN, it ,fall
<br />commingled with other such full(].,; or its own funds for tile payment, of �Iwll 'L(`1flS, all ( I until s, o -ipplied, stich p�%ynwnis are herebY
<br />niortgage indebtedness.
<br />pledged I-, secority for fit(- unpaid balance of tile
<br />To procure, deliver to, lind maintain for th�� henefit. of fit(- Nlortgage '111ring tile hit, of this mortgage ("Til-ifial policies and
<br />renewals ther(44, delivered at least tell days before the expirati suOi Policies,: ills I two �, against. fire a'id 'other instirable
<br />oil of an% sit
<br />hazards, casualties, and contin gencies as the Nlortgagev may require, in all , mount equal, to' the by this
<br />Mortgage, and in companies aCT(Vptable to fit(, 1,06rh"agee, with loss payable cl it so ill favor o andi in form acceptAhle, to fit(- Nlortga-
<br />get-. Ili the event any polieN, is �iot.,rvnvwcd oil or twfore ten (loys of its exp lion. fit(, Ale)rtgi gve may proctirle in'surance oil the
<br />improvements. pay the prvinitinvdivrefor. and stioli ,flat shall hq�:':)nle inimedilir dy �Iltie a till pn... able with interbst at fit(-' rate set
<br />forth in said not(, until paid and sliall he sectired by this inortg.,:ge. J.'ailtire oil th part of t,ii(- 11ortgagor to furniA) stich renewals
<br />-I,, if-(! fierein required or failore. -ed hervi oiler sliall. W cl)JIstitilte a default
<br />�to pay :111y stmis advall(
<br />under till, ternis of thi,; mortgago, The defivery 4 sill -11 policies shall, in ill(, vVI nt (,f defakill. ce'ruAittite all assi!"Illnent (if ill(- till -
<br />earned i)remititn i I
<br />Any surns received by'llie. Mortgagee by I reason of lo or darna,
<br />-fit (I ;I p p I ie (I toward t I ie If ayriieiit o f t I I(, de b t I iv '(&;� , , (
<br />r N s 'ctired, or, at the op
<br />liart niaN, be paid over to the Mortgagor to be osed to repair st ich huilding
<br />other purpose or object satisfactory to the Nlortga ee without iffecting the
<br />ii g the
<br />by before stich payment ever took place.
<br />To promptly repair, restore or rebuild any Imildings or iniproVell)
<br />come darnaged or destroNled: to fieep said premises in good condition and rel
<br />claini of lien not expressly stiborilinated to tile lien li'ereof: not it; stiffer or I)( -
<br />said property nor to permit wasto oil said premises! nor to do ally other ac
<br />less valuable, nor to diminish ()I- Impair it,, value I)v ;I I fly act. or onlissioll to act
<br />to the mortgaged premisys and the its(, thervol'.
<br />'['flat should the premises of- ariv part there!)f he takell Ill- damaged I
<br />proceediw� or under the right of eininent domain. o I r fit any other manner. I
<br />awards. all
<br />(I arfy other payment relief therefor. ,if 11 d sliall be e Ititled, at. its
<br />own llallif_� ally action of- proceelling, or to inake illy compromise or settlem
<br />compensation, awards, darnages.. : right of action and proceeds alTe hereby ,I
<br />therefrom all its expenses, release any moneys so received bN, it or apply fit(!
<br />gagor agrei�s to execute such filfther assignments of, ;illy compensation. awa
<br />Mortgagee may require.
<br />That in case of failure tol perform ,illy of thelcovimants 11:rein. fit(-- N11
<br />covenalited; that the Nlortgagkw maN also do any het it ma, deern necessar
<br />repay upon demand ,illy money.4 paid or dishtirsed. �.)y the Mortgagee for illy
<br />interest. thereon at the rate pro\;ided in said not6 sliall beconle so much ad(
<br />cluded in any decree, foreclosingithis mortgage.and I)e paid out. 'of the rents
<br />paid; that. it shall not Ile obligatory upon the Mortgagee to in q uire into the
<br />wincing moneys is above author&vd, lint nothing lie'rein containt-d shall I )e c
<br />moneys for any stich purpose noK; to do any act lieretinder; and that 1\lortgag(
<br />filing it. may (to or ornit to do heiienrider.
<br />In tile event of the defifult by Mortgagor in the payment of any ills
<br />in the performance of the obligfit�ioji in this mortgag(i or in the nbte sectired t
<br />debt secured hereby fine and j)aVabIC Without 110tiCejand the 'Nlortgagee shall
<br />or by a receiver to be'appointed :by the court thereof. Mid withiiii t regard to
<br />&ired hereby, to enter upon an(j� take possession of till-, mortgaged premises,
<br />thereof, and apply tile. same, les,4 costs of operation and collection, iipon till
<br />issues and profits.heing hereby assigned to the Alortg,,igve as further security f(
<br />The Nlortgagee shall have till,, power to app( , )int, any agent or agents
<br />ises; renting the same; collecting, tile rents. revenues' and income, and it ma%
<br />ing and managing the same, and of collecting the Tlentals therefrom. Tile 1)
<br />discharge (if the mortgage indelitedness. This assignment is to terminate ail
<br />7
<br />�j
<br />I T'� tlJed ilailt, �Iay he retailled0w:,the %I(,rt'_1gv(,
<br />I if ; il" of tile %loirtga4ee, stich stinis i -it . her whollv or in
<br />s or t o' hidlWid,w ltjilding�� ill theiii- place or foi. alp,
<br />1 (41 of� till. mor,
<br />it ��a, foi- the full allwilrit seciii-ed here -
<br />(Ili no%%- (,r herealwr oil ill(, prvillises which Inav be -
<br />I Ii `;610 fre(`,frj)rn )IN, Illechallic's 1)e.n or other lien or
<br />In it aily linlawfill, iso of of. an.y. I . iiii.sance to exist oil
<br />t " liert�,by the I irop rfy hereby coni,eyed shall becomi,
<br />t oi npIY �vifll ;I] requirements :)f law Nvith respect
<br />v reason of an[. Ili blic improveinvriito� condenination
<br />i �ha be entitled to !all compensations,
<br />Jo )tiol I I. to (!of I let ce. appear in afid: prosectite in its
<br />n h.1 (.-onneclill:: w If I soch takillg-(� r fl;�niage.'All skich
<br />s i!:nefll� to tl le ji%lol tgagee,, who rn;jy.:
<br />after (If-dkicting
<br />sa ne ()It ally Indeb,.edriess secijred0i6.rvby.Thv '.Mort-
<br />rds darnages, and r . gilts of action ri'd,prorveds ;is the
<br />orf �'196v m.IN' (if) oil fit(- Mortgagors behalf everything
<br />y o protect. thl, Ii( if thereof: that the.Nlortgagor will
<br />If ) tile abovo purp( ses, and size 1 moneys together with
<br />lit onal indebtu I
<br />i * I dne!.4 lierebY sceurt,�(! oil(] may be in -
<br />or proceeds ofisal( of said prernisps it not 6therwise
<br />I% Ii
<br />,Ili( ty of an.v li-ii, enctinibraticl-s.. or claim in ill-
<br />onAtrued I.,; 'reo-loir rig fit(, i\lorrgagee to advalwo any
<br />J. S I
<br />hall' not inctir if. N, personal liabilit.�- !wcallse of an-,
<br />6-11111lent, I.,; reqtlir�bd by the Notv�svctirvd herebY. or
<br />Ifei-eby, tile NT(4tg., �Iee s Ill X, elftItled to -declare the
<br />i)v entitled at. it"S oI tion, Without liolti'Co'; either by itself
<br />Of adequacy of 'Ili : sectirity for flit, indebtedness se-
<br />aarl to� collect. And -eceive . the rents, issues and profits
<br />isectired by this in6rigage; sairl rent.,;,
<br />)r the pavmplit of all indebtedness .1eecored hereby.
<br />it nay� desire for t1le purpose of r6paihng said prern-
<br />'I I p,ly 0 lit of s1iii I I if -111 expenso�s�inctjrred in rent -
<br />I ('in'
<br />a ance remaining, i any, Shall he applied toward tile
<br />,oi(I
<br />(i ll�eco e mill III(] I l5on release of this mortgage.
<br />in I
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