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<br />010822
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<br />THIS MORTGAGE IS ALSO TO BE AND CONTINUE TO BE, FROM TIME rO TIME, S YMENT OF SUCH
<br />SUM OR SUMS OF MONEY AS THE MORTGAGEE MAY FROM TIME TO TIME IN HE FUTURE AD 1ANCE TO THENORTGAGOR, 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 OFIHE AMOUNT NOW OWING� EXCEPT FOR Ar Y ADVANCES THAT MAY BE MADE
<br />TO PROTECT THE SECURITY IN 'ACCORDANCE WITH THE TERMS OF THIS fv'I�RTGAGE.
<br />THE MORTGAGOR FURTHER COVENANTS AND AGREES�"
<br />That the Mortgagor will pay the indebtedness as lierehibefore provide 1.
<br />I I has m(d
<br />That the Mortgagor is the owner of said properly ill -fee simple , I 1 1( g ) right and lawful atithoritv to sell and
<br />convev the sanie and that the saine is free and clear;of any lien or encurilbranc( and thd,%�lort,,agor will warrant and defend tile
<br />title to said premises against, the clainis of.all lierl;ons whomsoever.
<br />To );iy inime(iiateiv bell (Ill(- and payable;all general laxes, special U x",!special tents, water c.harges, sewer serv-
<br />-ice charges. and other taxes and charges against said property, in([ all taxes le:.'i(,(I'oll the debt. secured hereby—ind to fbi-nish the
<br />w1ortgagee, upon request, with the original or duplicate receipts therefor. ',11e Mortgagor! agrees that ffiere!shall be added to
<br />(,,,tell monthly payment required hereunder or llnder� the evidence of debt. scou'i-ed hereby a'n aniountestiniated by fit(, Nfortgagee
<br />to be sufficient to enable ill(! Mortgagee to pay, as they beconio due, all ta-,<tjs, assessments. a id similar charges upon the prem-
<br />ises subject, thereto; any deficiency because of the insufficiency of slich addit,i( aynienL� A all be forthwitll deposited by fit( -
<br />at p,
<br />INIortgagor with fit(! Nlortgagee upon demand bY the Nlortgagee. Any de under this j!)ara,,raph shall he deemed a default in
<br />payment of taxes, assessments. or similar charges �eqtiired hereunder.
<br />The Nlortgagor agrees that there shall als�) he added to (,:tell mont,lily payment� ()'f!' 1) ncipal and interest requircd here-
<br />under an amount estimated bN1 the Nlortgagee to.be sufficient to enable the Mortgagee to� as it I;vcollles ilue, the insurance
<br />premium oil lily insurance polic.v delivered to the Niortgagee. Any deficiency I be�atls(, of till in ilifficielicy of st!ch additional pay-
<br />ments shall he forthwith deposited by the NlortgagoIr with fit(, A-lortgagee tipin demand by if,,. lortgragee. All�', default under this
<br />paragraph sliall he deemed a default in the it of insurance I the polic , N 1)1: imlicies deposit'v(( are SLICII as 11011le-
<br />owners or all risk policies, and the deposits are itist�lfficietlt to pay the ent the M �rtgagve may :till)]\, the deposit to
<br />pay premiums oil risks required ; to be insured by this mortgage.
<br />igraphs may t fit(, option of fit(, �Nlortgagee,; he held h\ it and
<br />I'avnients made by till- �1\lortgagor under the above
<br />commingled with other such funds or its own ftinds!for the payment of such itmils, and untii 'so applied. such pitynients are hereby
<br />lid balance of, tile rilortgage ind
<br />pledged as securitv for tht urip; ebtedness.
<br />To procure, deliver to, ;in(] maintain for the benefif of the �Oortgag(!v during thv!lii`6� this mortgage 6riginal policies and
<br />renewals thereof, delivered at le"pst ten days beforc�:flie expiration of any st I ul 1�oficics, in.�uril g against fire ;ind other insurable
<br />hazards, casualties, and conting�ncies as the lvlort�agee may require, in .1 mount equa'! �to the indebtedness secured by this
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<br />Mortgage. and in companies acm.ptable, to the Mortgageo, with loss payable cla se ill favor of �111 I in form accepfable to the Alort a -
<br />gee. In the event all), policy is ;1iot renewed oil or before tell days of its expinifioll, fit(. Nli)rtg igev may procure insurance on fit(,
<br />improvements. pay fit(! preniiiiin'therefor, and such suin shall bec:)n1v imilledi al el * v (fit(- and� payable with intvilest. at fit(- rate set
<br />forth in said note until paid ;in(] shall be secured h��, this niortgage. Failure on'the;part of 1he vlortgagor to furnish such reiwwal�:
<br />s ire herein required or failtire: to pay lily sunis advanced hen;undt r shall, at� t I"! option kf t ie lvlortgagve, Collstitute a default
<br />under the ternis of this. mortgage:. The dvIiverY of sitch policiv.,; shall� in thv dv� lit of defallit. listitl1tv an assignment (if the '1111 -
<br />earned premium.
<br />Anv surns received by file �Nlortgagee by reason of loss or danlag(�, nsured I wiv be retained by� the Nlortgagee
<br />,in([ applied toward the pa i vnient, of the debt hereby si,cured, or, at the op[i( it of the ',\T(;rt,; gee, such sums'either wholly or in
<br />part may be paid over to the INlortgagor to he usect to repnir ,it, ch 1)"ildings, ( r to, buil((� I ew. mildings in thqir place or for in,,
<br />other purpose or object. satisfactory to the Nlortgagce without affv, ing fit(, ii('11 oil the Toortgage for the full aipount s(-vured here�
<br />I)),, before stich payment ever took place.
<br />,ro promptly repair, restore or rehifild aii� buildings"or iniproveni(%nts it()%%, or hore;l or oil ie prenij.,�es which may be -
<br />Come. damaged or destroyed: to keep said premises in good condition and rej�air and frve'fe oill ulv Illechallie's lit"n or other lien or
<br />claim of lien not expressly subordinated to the lien hereof: not to stiffer or I)(- -n ! lit anv unla%�-ful uqe of or an.v olliSanCe to ONiSt () 11
<br />said property nor to permit wal,!'fe oil said premise.�. nor to (to any other act�] wher'el`ly thi! j)rol erty hereby conve'ved shall become
<br />less valuable, nor to diminish or inipair its value by my act or ornission to act'i to C6nlpfv,N%-i0i a I with respect.
<br />to fit(- nl�)rtgaged premises and file use thereof.
<br />That should fit(- premises or any part thereof be taken or damaged by reason of ady 1) iblic improvement: or condellination
<br />right of eminent. domain, (it- in lily other manner, t'h� Nlortgaget,�,slla I he entitled t i all ions,
<br />proceeding, or.under fit(, i
<br />awards, and illy other payment or rolief therefor, in(] shall he entitled, at. its cphon , to v ! oinnie ice. appear in ;lud prosc�cvte ill its
<br />own name ,illy notion or proceeding, or to make it , IN, compromise or settivnl�,llt in't-onnecti;)n v ith such taking �or damage. A]I such
<br />compensation, awards, daniagvs�. right of action and proceeds are hereby assl 'lled to fit(, NI j tgagee.� w to mrly. after deducting
<br />therefrom all it-(; expenses. release my nioneys so received b.v it or apply the�s; me oil anv ilidel tedness �ectired livreby.The %Iort-
<br />gagor agrees to execute stich further assignments of any compensation. award�. daniages, at i r I ights of action mid proceeds as the
<br />1%lortgagee may require.
<br />That in case of failure to perform any of the covenants hervill. till. INI?r 911900 May do o I fit(- behalf vverYthing
<br />.so covenanted; that the Nlortgagee may also (to anv�act. it mav deeni lieces.14arN, to protect t1w Ii -it thereof; that, tlie.Nlortgagor will
<br />repay upon demand any moneys paid or diAmrsed by the Nfortgagee for a113�, ( f.t1w ahovc � purp )ses. and such nioneys together with
<br />intLrest. thereon at the rate provided in said not(,- ,;hall become so much addi i6lial i debtedn( �;s lierel)v secur.'ed and rnav he in-
<br />cluded in any decree foreclosing'this mortgage and be paid otit. of the rents, lot proceeds 'of sal � of said prvrnl.�vs if not ot.herwise
<br />paid; that it. shall not be obligatory upon the 'Nlort'gagee to inquire in(o t1w �a I )idity of at , l')., I en, encumbrances, or claini in ill-
<br />vancing moneys as above authorized. hut nothing ll�,�rein contained sliall he 6 i olstrued as r(.;(Itiiiiilg the Nlorlga,gee to advance ally
<br />nioneys for any such purpose no�r to (to lily ad hereonder; and that Nlortgagoo shall riot inc�ir a iv personal liability because ofanx-
<br />tiling it. may (to or omit. to do hereunder.
<br />In the event of fit(, default by Nlortgagor in ill(- payinent. of illy ill.�t; Ilment, is r(�quiivd by the Not(� secured hereby. or
<br />I � )rt, t;,
<br />ill the performance of the obligation in this mortgage or in the note secured th, -rvby. the \tort, 'ev shall be vn�itivd to declare the
<br />debt; secured herebv due and payable without notice, and file Nlorfgagee shall ll�� entitled a I t i I Is, option, without.iii . )ti(,(-. either by itself
<br />or by a receiver 6) be appointed by the court thereof. and withou I, regard to 0 e adequacy �)f any securitY for ille indebtedness sv-
<br />�cured hereb . to enter upon and take possession. of, the mortgaged premises, �.'l id to Collect rand receive the renis,'issues and profits
<br />y
<br />thereof, and apply the same, less costs of operation and collection, upoll ill(! lidebtedness secli-ed by this rn'Ortgage; said rents.
<br />issues and prbfits being hereby a,,,signed to the Mortgagee as further svctlritN for the payment'of7. H indebtedness !seetired hereb.v.
<br />The Mortgagee shall have the power to appoint ,my agent. or agents it may desire for lie purpose of repairing Said prem-
<br />jses; renting the same; collecting fit(! rents, revenues and income, and it may pay out of . said il come all vxpvll�vs' incurred in rent-
<br />in� and managing the same and of collecting the rentals therefrom. The bill m6e remainipg, f any, shall belapplied toward the
<br />,discharge of the mortgage indebtedness. This, assignment is to terminal(. all I (I ])(,Come mill 'and void upon release of this mortgage.
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