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010817
<br />. THIS MORTGAGE IS ALSO TO BE AND CONTINU E TO BE, FROM TIME TO.TIME, SECURITY FOR * THE PAYMENT OF. SUCH
<br />SUM OR SUMS OF MONEY AS THE MORTGAGEE MAY FROM TIME TO TIME IN THE FUTURE ADVANCE TO.THE MORTGAGOR, AND
<br />EVIDENCED BY A SUPPLEMENTAL NOTE OR NOTES, BUT THE TOTAL INDEBTEDNESS SECURED BY THIS MORTGAGE SHALL N - OT
<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 />TITE XTORTGAGOR FLTRTI-TER COVENAN'I'S AND AGREES:
<br />the Nfortgagor will pay ill(,. inflehtedness za� hereiphofore provided
<br />'I'llat the Nlorigagor is the owner of said propertY ill fee simple in(] lias good right and lawful nuthorit ' v to sefl and
<br />(.oil%,(! " N. ill(, sall , le and that div same is free and clear (if ativ lien ill- enctinibrance::and that Mortgagor will %varrmit and defend ill("
<br />title to said premisys il;,Iaillst the clainis of all persons whoinsIever. q
<br />l'o pay inlillvdiatt'l wholl 41m. and payable all general taxes. special taxes, spt,cial assc�snivnts. v.,atcr charges, st-wer sf�rv-
<br />ice charge.,;. and other (aws
<br />g I I :111d charges against ,�aid propert.%, and all taxes levied oil ille dcIA socilred llcreb.% -alld to furnish the
<br />INIortgagev, upon fequest, with ill(! original or dillilicate receipt., therefor. 'I'll(- Nfortgagor agrees that there shall h(- added to
<br />ezit-h Inonthly pa�!iivnt required herounder or under the vviden�(- of debt secured liorebY all amount estilliated bY thr Nlortgagce
<br />to bo sufficient, to onable the Mortgagco Ill' (lilt', :111 ZISsPsSnwn(,,*, and �iniifar charges upon dw prem -
<br />to pa�:, as ill(. v becol,
<br />i'vs subject, thereto; 111Y deficiplicY hocakise of ill(. insufficiclic ' v Of such additional payments sliall he rorthwith deposited bv the
<br />I�Iortgagor with fill- '%Iortgagee upon donian(I b\, ill(. '\JortgIlgi-�0. ;\it\- dvi'milt it nder this par;igraph Allill he d'.4'riled a fk-ratill in
<br />Payinclit. of tax.ts. assessillents, Or similar charges:.required livrounder.
<br />'I'lle INT.OTIgagor agrees that theie sliall �Ilso he added to each Ill-litilly 1myrnent Of principal and in(cr(%A requited lit-re-
<br />linder an :1111oll lit illiated 11 , v tilt' ,\Tortgmgt-e to'lit, sliflici4,11t lit ('11"Ible Ill(- %lort"n't-c to pay. :Is it beconlos dill.. tht- ill,;urnnce
<br />preminin oil III.,, insurance polio, " N. delivered to fill- 1\1ortgagee. AnY deficivile1v 1'�ecaus(. of ill(. i nsu flicienc , v (if Such addilional-pay-
<br />1111,11b; Alall bf, f;)rtll\N,itll deposited 1) , v tilt, Nlortgilgm- with thc Alorigagee upon d(.131:111d 11 , v tilt' 'Mortgagci.. Ali , v default undor t'his
<br />paragraph shall he deenled a default ill HIP JM�'Ill(-Ilt Of ills'UNIJILN' j)rVnIitjIn�. If jile policy (it- policies dvpol�ilcd ]n- such a., holm. -
<br />Owners or all ri.A� policivs. :Illd ill(, deposits are hisuffirient to pay the entirt, ;Ipply ill(' df�posit t(I
<br />pay pi-onlitillis oil. risk,, required to be in.-mrod by flii� niortga,,,e.
<br />P�ivlllplrts madf, b%, ill(, �lortgagor Illider tilt, above paragraphs
<br />Ina * v. at the option (if tilt- %jortg;lgeo, he IIL-Id ll.% it 'jlId
<br />comillingled Witll.o(ller such funds or its Own funds for tho payllit'llt (if such iteni�, and 1111(il �o -applied. �Ilch paynwnk :ire lwr-�hv
<br />pledgled :I.,; sectirity for tilt- unpaid balonct. of f1w illoril"a;'o illdebtcdlw��.
<br />'I'o procure, deliver to, and Illaillf;till fill- Ole hent -fit Of the Nlortizagee dtiring, tilt, lilt, oFthis mort'!,;ige original pojicioS:,II(l
<br />renewals fhermf. delivered ill least tell days before the expirati6n (if iIII.N. Such policies. Zl!,;Iill.lt fire mid otlwr intirij)le
<br />hazards, casualties, zin(l colitingencie.,; I- ! .
<br />s tit(- Afortgagee may require, Ili ,Ili aniount to ;tile sectired bv this
<br />Nlortgage, Ili(] in companies :icceptable to ill(, -%l,oM_;igt,(% with los�� payahlo clause in favor of ano in forin acci,pt;ifili. to ifl,- %Iortga-
<br />gee. br,foro toll of it.-; expiration. tit(. Mor0�agev nim
<br />Ili the event' anY policy is not rellowed oil ol procurf, itiurance (,it ill,.
<br />iwprov(-nwnt.,;, pay tit(, premitini therefor. and such suill shall becalle ilillnediatelv (Ille and with ilitcl-,-�Zl ;It dir I"ah. i�,�t
<br />f(.,rtil ill �:Iid not(, kinfil paid "ind sliall bo �i�ciircd bY this mori4;ige. Failure oil tlf(- part of tit(, Mortgagor to furniSh stich
<br />;is aw heroin requirf-d (,I- failuro to pay ally Stilm, advmIc"d 1I4,n-mid(-r Amll, at the option (if tit(- Alortg�il"C(%
<br />" r a dclaulf
<br />under ill[, ternis Of this Illoriga."'e. 'I'lle deliver.v (if �uvll polivie.� shall, in tho evew of default, umist i I tilc ;Ill ;Is�igonwnt if the lill.
<br />varlied proillillill.
<br />Anv suills receivell bv ill(- �,vlortgagf-"
<br />J) ' v reason of los� or (1.1111;lg(� in'lln-d zlgaill,�t Ina v he foloillrd liv ill,,
<br />and 1-t
<br />applied toward tilt- payment of tilt- debt lie -b si,cured, or, at t1w option of ill(' such �411111S ither wh(d1v or' in
<br />part may ht� Imid ovor to tit(, Nlorhlagor it) ho ust'd to repair such buildings or to blilil(I'lleW b1lildill'-'S in Ili,,ir place -)I- I'm ;tit% -
<br />other purpose (it- object sa(ist'nctorY to tilt- %Iort,,ngv(- without flio- lio-ii.on ill(- mor1!,,a!_,o fl)" f1w full ;iluounl �4,-curcd lw'ie
<br />1) v before such paymont evor took
<br />I o promptlY ropmr. reslore or rebuild ;111V fill ildi Ill,", or iniprovenwill, now or hereafter (ill the v.hich lim". he-
<br />voille danlagvd ol. llc.-�trovcd: to keep said preillise.s In 1 -rood condition and relmir ;11ld freo front aliv nloch;lllic's lif.)l orollwy liell.or
<br />clailli Of liell not -X prc.�.-;I.v '11hordinated to the [it'll fit-reof: not to*suffer or po-rinit ;ill%, till];jwfill lj�(, of it- MIN, nlli�;lllct- to ('11
<br />,�;Iid properlY nor to pt -i -mil waste oil said pi-cmiscs, mir lit do in.\- other act wlit rob -N. tho proporlY licreh.v colive.v(.0 shall 11"com'.
<br />less valuable, no - r -to diminish Or impair its value I).%- �111.v �Ict or mllis�ioll to 10: to requironwifl,; if I;i\%- %�itjj
<br />to lilt, and tilt- u.,o t1wro,oi
<br />'i'llilt s.hquld tilt, pl-(.11lises or :Ill%, parl Ilicroof h.- takon or darnagcd hv re:Ion of ;ill%- public impl-OV(.111olit ol, condt-Innalion
<br />proceeding, or Under tit(- right of vininent domain, or in an ' v other ninnner. the Morl".1gof , sliall be t-Illitit-d to nll. collil).111�;Iti(Ms,
<br />awa:--Is, ;lilt[ all%" piller payment or relier illerefor, :uid slmll he entillc(i. �jt. its c)ption- to Cor"I'lence. apiwar in m�d in ils
<br />own name any 11-iction or procceding, or to make ;III%, compronnso or settlellient-ill colincetioll v.illl skich fahim,' or (hiniag.�. :\If -mrh
<br />cwlipelisiltion. Awards, damages, right of action and procee(k art. h(,r(,b to tho Nlol , tgagee. who may. afit-I dedli0im-,
<br />Ilierf-from all its S-xpenses, relvast- anY nioneys so r( , ceivcd hY it Or apph, tit(, s;inI.(% (,It ;111Y ijl(j(-I,tcdnvss �ectircd ht-rA,Y. 'I'lif- %Iorl-
<br />gag,or agrees to xecuto such further as,:4ignm,qIt.-; of :111N. 011111WIls;ltioll, �M'11111s. (ImIlage.s. iind rightsof;wlioll and pr(wei-fis a� tit('
<br />.\lortgagee nlay �vqtjlre.
<br />'11int in,ca.-;o of failtire to p't-forill anY of' if . ic covellants lit'reill, flic Nlortgagve may do oil Ill#- Morignp)r's ht-linif ,ver . vthing
<br />s'O COVeMinted; that the %lortgaget, may also do anY act ii. Ilia ' v (Ict-111 liecessarY tp, protect the lien thereof: that ill(. Morl�,,:Igor \'vill
<br />ropay upon deniand any rioneys paid or dishurs.eff bY the Nlortgagt�r for any of tit(, ahove 'h lllmwv, togethor w'jill
<br />aod Silo
<br />interest thereon ;'It tilt, rah. provided in q�lid note sliall heconle So much additioll:11 indA)t(,dIIvss licrob v �4ccurod and 111:1v Ili, in-
<br />cluded in ariv dvvre(t foreclosing this mortgaga- and lit, paid out of Ilie or prol-eeds of salf. of �,Iid prt-llli��(-s if not otlwr\% . ise
<br />g
<br />paid: that. it shall not bo obligafor,, upon ill(, Nlorfgagve to inquire into ill(' validitY (if i111%. licn, v licit In 1) railt.(-s, or (.I;Iilll in ad-
<br />valicill", Illoneys as above authorized, but nothing hemin contained shall I)(- construed ;is requiring, tilt- �'Oortg;i""q, to :Idvailc'. "Im.
<br />moneys for any such purpose not, to do Ili\- act. lion,undor: and that Nlortgagvo not incur any personal Ji;jl)il.it.N lit-cau'p 4 �111%
<br />thing it IllaY do or o)IIlit to (Ili hereunder.
<br />fit the event Of ill(, dt,faulf bY i%lortgagor in the payment of any ilvdallillent. a�� required by the Note ecured lif-re1w. or
<br />in tit(- performance of tit(, obligation in this mortgage or in the note se(-ured thereby. tit(, '\Iortga1c(, sli;ill I)p (-jIt1tlk-(I to (1(�claro' ill#,
<br />debtsectired herebY duearld 1);I�';Ible without notice. and Ili(, N'lortgagees-hall be entitled at jl.,� option, without noticv. either bv itself
<br />or by I reCOiVOr to he appointed by ill(, court thereof, and without regard to the adeqtllc'�' (if 'Ili v securif v for the
<br />cured hereby, (o enter upon and take posse.,;Sion of.tll(' mortgaged premises, and to coilt-ri 111(1 flic runts, issu(�s ill(l projit.,,
<br />thereof, and appIv t.he saniv, less costs of operation and collection. upoll file illdvbfvdllv�� socured by this mortgage: s�ii(l rents,
<br />issties and profits being, lierebv a,,signed to the Nlortgagee as further sectiritY for the payinent of af] ijj(jvbfe(1nvss secured lierobv.
<br />'I'll(- Nlortgageo sliall have the power to appoint. any agent or agents it may desire for the purpose of repzjirill, �aid prom-
<br />ises: renting the salne: colit-eting dic rents. r(weriiu,s and inconle. Mid it may I)ily OLIL Of S,'lid ill('0111(l :111 pX11plises incurred in ront-
<br />ing and Inallaging. the saine ;lit(] of col.lecting the rentals therefror4i. 'I'll(- balance remaining. if ;in\,. SII;IIl Ill' al . 'I'llied toward the
<br />discharge of flie, mortgage indebtedness. 'FhiS :1.1�sigiinwlit is to terminate and b(,como- mill and voi(I t1pol)'ridea— (if I (Ili., mortillage.
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