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010789
<br />THIS MORTGAGE IS ALSO TO BE AND CONTINUE TO BE,: FROM TIME TO TIME, SE . CUj!TY FOR THE PA.YM.ENT OF SUCH
<br />SUM OR SUMS OF MONEY AS THE MORTGAGEE MAY FROM TIME TO TIME [I'l �THE FUTURE ADVAN * CE TO THE MORTGAGOR, AND
<br />EVIDENCED BY A SUPPLEMENTAL'NOTE OR NOTES,: BUT TH`E TOTAL INDEBTF(INIESS SkURED1 BY THIS MORTGAGE SHALL NOT
<br />EXCEED ONE HUNDRED TWENTY (120) PER CENT. OF, THE AMOUNT NOVI OWII�JC 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 COVENANTS AND AGREE,�.
<br />That the IvIortgaor will pay the indebte(friess as hereinbefore provi,�It 1.
<br />That fit(! INIortgagor is the owner of said property in f(,.e Simple ,I in,
<br />has gnod right apd lawful authoritN to Sell and
<br />Collve
<br />y the saille and that the saine is free and c.lear:of any lien or encumbraijVQ; and that Nlorwagor will warran't.'and defend file
<br />title to Said premises against the claims of all persons w-horrisoever.
<br />afely when (III(-- and payable� iix I
<br />To pay immedi, all general taXeS,1Sl)eC Special charges, Sewer set -%,-
<br />and other taxes and charges against sairl property, allot all "�'ivd oil file debt wellred hereb to furnish fit('.
<br />ice chargis, �s
<br />Nlort,la,,ee, ul)on request, xith the original or duplicate receipts therefor. Tf e Nlortgagoi�, ag-ees that. there sh.all. be added to
<br />each Illolithly imyritent r(,(ILIirCd* hereunder Or Linder' tile evidelice of debt seotj ed horeby all al -unt estimated I)v the IN fort gagee
<br />to 1- sufficient to enable file IN'lortgagee to pay, ,I,, they beirline dile, fill
<br />taxf assessments, fi. id similar charg(�,; upon fit(' prem-
<br />iscs Subject thereto; any deficiency because of the insufficiency of such addil lo wil pa.ynlent� sit III he fort hwith deposited bY the
<br />Nforigagor with file IN'Tortgagee'uimn deniand by the Alortgagee. All" (k.faulif tinder this jiaraqraph Shall be de: '
<br />I pried I default in
<br />payment of assessments, or Similar charges ri!quired hereunder.
<br />"I'lie %lortgagor arees that there shall-alsO be added to each mont I i)aynient of prlicipal and interoSt required liere-
<br />under an aniount estimated by fit(', �Iortgagee to be s I ufficient to ellable fit(- I ,,, e e. t o 1), ly, I
<br />I IF, it bi-colnes diie, fit(,. -insurance
<br />pi-f-mitini ()it any insuranco, policY delivered to fit(.- INIortgagee. Any deficiency !I. callso of thd iil�tlfficiellcv of Such additional pay-
<br />lllo�llts Shall he forthwith del)osit( '(1 hV file jNjortg�jg��)r N%'iill tll(, Nrl )r rl,(2(' It-niand In, t it(, ' lortgagee. Any defaulf. under t*his
<br />( _ 111)01�
<br />aph sil,111 be deemed a default, in t1w payniellf of insurance 1)Z'Illill Ills. h:
<br />paragr. I tile PoliOV or P( IiCies del -sited flre such as holne-
<br />owners or all risk policies, ;in(] the deposits are insufficient to pay the elitireh 'It
<br />t o'Nlotgagee may apply the deposit to
<br />I;fly premiums oil risks required t(i he inSured by thi�* mortgage.
<br />Pa , villelits Inade bv fit(. '\Iortgagor under the above paragraphs Illay, -Ihe optiori�of 111t, \Iortgagve. be .11PId bv it and
<br />commingled with oiller such full(].,; or its own funds for the 1mynient of Such ii,,: i,, and until�,SO ;q)pliv(j, such payments I . I-(, hei . -eby
<br />Pledged IIS SVC-Uritv for the unpaid balance of tbe ir�ortgage indehfodnv.�;s.
<br />'Fo procure, deliver to, and maintain for th(i benelit of the Nlol . t
<br />gagel Iii-ing, the life of his mortgage original policies and
<br />renewah; thereof, delivered at. least tell (],,I ' vs before fit(, e�:I)irati(')n of ;III - v SIIC�!' P01,11.1,0S, "Instli-in! against fire ,in(] other iii-surable
<br />hazards, casualties, and contingencies as t
<br />It(-- NI(')rtgi9e0 IlMy IT(Juire, in in ;p� ount: eqjj,,Ij to t lc� indebtednesS:' secured bv this
<br />Nfortgage, and in coin pa nies acccptable to the xlorfg�lgoe' with loss payable CITI " in'favor of �and in form ficeeptal*
<br />gee. III the event: any policy is not renmved on or lo�,foro ten days of its expi)� jojl� fit(. .)le to the Nlortga-
<br />I I ni I ;I ,ve may procure inmirance oil the
<br />improvements. 1)ay tht- In-viniuni therefor, and such suill sh.111 I)CC,)Ille inlinedi;o, 1,'o due And lmy.ible with interest at the rate Set
<br />forth ill Said no ' to until paid and shall be secured bv� this Failure o Ii i I . ie 0111-t of�tiie :� ortgagor to furnish'stivii renewals
<br />s fire herein required or failure, to imy any stims a(hianced heremider shall. ;if It(- ( ptio of fit Niortgagee. coilstitute a (jefault
<br />Luider the term,, of this mortgage. The deliver in th, J. I
<br />T of defil:i
<br />y of sit constifilto an assignment (if the III) -
<br />carried proinium.
<br />Any stinis receivect hy the Alortgagee by reason of loss or danlai�,- i! ur(!rl against 111 1), be retained by the %fort ag'ee
<br />and app] ied toward the payinent of tile (Jebt hereby secure'd, or, at the o1W 'I of the Alorltga,ec, Such sullis eith'er wholly or in
<br />part maN be Imid wer to the Xhirtgagor to he oSe(I ;to repair such buildings I to I)Ilil(l neiv 1) lildills ill thoir" place or for ,in%
<br />other i)umose or object Satisfactory to fit(! Nfortgagee without affecting the h i oil the'niortgall( for fit(, full alm:)unt secured hero -
<br />by before such imyrnent ever took place.
<br />'I'o promptly repair, restore or rebuild any� buildill"",; or in1provenit'; I to\%- or her�.�aft( r oil the prell I liws vilich Inav be -
<br />Collie dainaged or destroved; to keei) said premises it; goo(I con(lition. and relm". and free front a. Y Illechallic's lio'wor other lien or
<br />claim of lien not e%presslv subordinated to file liell hereof; not. to suff C. I �
<br />er oi- perdij any unifiNvi'til I ie of or any nuisance to t,xi,
<br />st oil
<br />said properf% nor to permit waste oil saicl prenuses-nor. to do any other act the
<br />erob% i�)j�owty hereby convey('�d ,;hall become
<br />less yaluable, ior to diminish or impair its value by ,it, �11 I' I f f
<br />e I y act or onii.;Aon to acl; 1� Con Ov w il Ill requirements of How xvith respoct
<br />to fit(! mortgaged premis. s fuld tho thereof.
<br />That Should fit(! premises or anY part thereof be taken o'r dalliaged I* I 'asoll of all%! pul lie improvement or colidellill'ation
<br />proceeding, or under the right of eminent doinain, or'ill any other Inallner. th,:- Mi)rtga'gee Shall. he entitled to ions,
<br />awards, and my other payment or relief therefor, and SI'lall he e . n'titled. "it, it--; (w ioll, to coIIIuI(1II�.,?, aj)pear ill "Inil pro:iecutu in its
<br />o�vn name any action or proceeding, or to make any compromise or settlenictili ii,connectioli wit'i such taking 01! damage. All such
<br />compensation, awards, damages, right of action an(I proceeds are hereby :
<br />-I eff to the Allorl 'aee, who may, after deducting,
<br />therefrom all its expenseS, release' my moneys so received I)%, it or apply (It(, v oil any inclebl( (Iness Secured 1�'ereby. 'I'll(! Nfort-
<br />gagor agrees. ta execute Such further assigilluents of any compensation, award�i. lainages. and rivilts of action in(] proci,ed, as tho,
<br />'Mortgagee nlay require.
<br />That in case. of failure to perform ally of tile covenalitS hervill, the 1\4oz-f!" Igee may do' )it It(! Nlortgagor's:befialf ever% thing
<br />.so covenanted; that file Nlortgage(� Infly also (lo al, ry lien thereof; that fit(! INIortgagor \�,ill
<br />repay upon deniand any moneys act it III- deell, liccessa If, 1..�rotect. the
<br />j),lid or disbursed by tile Xlortgagee for my clil' It(, above purpos -s. and such moneys toether with
<br />interest thereon at the rato provided in Said iio*t(,' sliall become So much additf, in(lehte(fij,.S,,; herebY Secured 'fu I id may he it,-
<br />clude,ol in any decree foreclosing this morigige azi&be'
<br />Inlid out oT (it(., rents oi� prot:eeds of slile �f said premises Woof otlienvi,�e
<br />paid; that it shall not be obligatory upon the Nfortgogee to inquire into the %�Jiiditv of ajjy�! li6l[ encumbrances, o�r claim in ad-
<br />vancing'moneys as above authoriz'ed, but nothing heroin colitaille'd Shall be coo ed as remlirin , the 'Nlortgagee to advance an.V
<br />nioney.q for any such mirpose norlo (to any aef, Iwreundo-r; ind timt. mortgagm. til all n. o t i ilell r Iny 1)�.rsollaj liability hccause of ;III% -
<br />filing it MnN (10 or omit to do hereunder.
<br />In the event of file default by INIortgagor in the payniont of any insf�tjlj
<br />ent, as requirec: by the Note set.u�e(j hereby, or
<br />in the performance.of the obligation in this mortgage or in the iio*t(, Secured flie�[E c' slilill be entitled to declare the
<br />debt securer] hereby due and payahle Nvithout, notice, 111(1 the Nfor-Igagoe shall ht�.( 'Ifitled at ib; I opti In, without notice, either by itself
<br />or by a receiver to he appointed I.)y the court thereof, and withou't regard to tl acy (if - any qecurity f(ir th'
<br />e indebtedness se-
<br />cured hereby,. to enter upon, andtake possf,�ssiojj of tj
<br />gaged premises, I to collect find re xive the rents, issues an(I profits
<br />ie mort,
<br />thereof, and aPPly' the Sam(., less! costs of operation and collectioli, u1jon, file i� I( e
<br />f�tedncss so�CLM (I by this mortgage, sai(l rents,
<br />issues and profits being hereby assigned to the Xlortgagve is further security for ;�h pa y In e 11 of ;III ridebtedness sertired hereby.
<br />Tile Nfortgagee shall havo the power to appoint ally agent or agents it it ay desire for, the purpose of repairing said prem-
<br />ises; renting the same: Collecting 'the rents, revenues in(] income, and it may pil�, out of Said inco ne all expenses incurred in rent-
<br />ing and. managing the. same, ul(I of collecting the rentals theref rom. The halan("e remainingi if IIY, shall be applied toward file
<br />di.scharge ;of the *mortgage indebtedness. This a*ssignment is to terminate and 1:wvome null.nnd void upon release of this mortgage.
<br />Mw
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