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<br />I" <br /> <br />83_1)06302 <br /> <br />To have and to hold the property described, unto the saie! <br />M:Jrtgagee or M:Jrtgagees and to its successors and assigns, forever, <br />provided always, and these presents are upon the express condition that <br />IT ~brtgagor, its, his, her or tbefr heirs, personal representatives, <br />successors or assigns shall payor calise to be paid to the said !brtgagee <br />and to its successors or a<;signs the sum of Clle Htmdred Sixty 'Thousand <br />and Ninety Six dollars and 16/100---- --~.- ___($1~096 16_) <br />presently advanced and the anount of future advances to the M:l gagor <br />lItlich together with the lllID\.U1t presently advanced shall not exceed thB t.otal <br />sun of Ole Hundred Sixtv }bur Thousand fulla""" and llO/1tlO <br />($11';4 om ill =) <br />at anyone tine unpaid and outstanding, due and payable, wi tb interest, <br />=rd1ng to the temE of the M:Jrtgagor's Note(s) evidencing sual advaJ1C€'S, <br />it belllg the intentlOn and agreeroont of the parties that the M.n"tgagor' will <br />fTOrTl t.~ to tillE repay advances secured by this Mortgage according t" the <br />t"rnE of 1>lote( s) eVidencing the sarre and tlY,> ~brtgagee flun 1 .'nE to tinF <br />_y, at its option, nnke future additional advances and readvances and <br />renew nr extend Note(s) ,>videncing outstanding indebtedness which shall be <br />secured hereby; providecd only that the total principal anount of unpaid <br />indebtedness secured by this ~brt~af,'e shall not at anyone t:i.rm pxceed the <br />nnxinun anount above staLed plus any advances to protect the security. then <br />these presents shall be ,'Oid, othe!wise to be and ramin in full force. <br /> <br />M:Jrtgagor further covenants and agrees, wIth ~brtgag€('. a..<; fc;llcms' <br /> <br />1. PaynEnt. Tb pay the indebtc.>dness and the j nterest thereon as <br />provld,..d in this Mortg-aj,'B "nd tl1e NN". <br /> <br />2. 1'i tIe. M:lrtgagor is the o.mer of the Pl'Op<?l't y, has the right <br />and auLoority to !lDrtgage the Property, and warrants LhaL 'he 1 ien cre'l.ted <br />hereby L', :i fi rst 'Uld prior lien on the Pronerty. <br /> <br />3, Taxes. AsseSS1renLs. To pay when due a II taxes, Soe<' i a1 a..'lSeBS- <br />rents and all .other charges against the Property and, upon wr:i tten demand <br />by Abrtgagee. to add to the paY'lmnts requi red under the Note secured hereby, <br />such anount as fillY be sufficient to enable the l.brtgagt;.'€ to pay "'.lch taxes, <br />:.sse5SllEnts or other c:.'1arges as they beccce 'l\!'~, ' <br /> <br /><1. Insurance. To keep the irrpn:)varonts nON or hereafter located <br />,.m t:h,~ real estate described herein in.<,Ulvd against ~ by [ilY~ and such <br />other :laz..arrls a..s \brtga~,<, may I'equi re. in :lJTDunts 'Uld camMies acceptable <br />to tlle ~rtgagt'e, and with loss payable to the t.brtgagc.>e. In ca..,*, of loss <br />tmOOr such '~'lIlllrcmise. ill Us discretion, all dailffi thermmder ;mcl at its <br />"n] p option. is authorized to "ither apply the pl"OC>'leds to t.hr; restoration <br />of t.he PlYJperty or up:>n the indebtedness ~cured herl'IDY, but paym:>.nts here- <br />un~!r shall c~ntinue ,mtil tbe sums secured hereby ~re paid in full. <br /> <br />5~ ~. ~laintenance and Use. To pronptly repaIr, restore or <br />rebui 1d any bui ldinf;3 or ifll)rDverrents now or ht~reafter on the Property; to <br />keep the Pl"'Opel-tj: in ~~>d eonditton and f"'f.~pa.i.r, wi thout W~l_~tf~> and fr~~ f1"()fTl <br /> <br />-.:l. <br /> <br />L <br /> <br />L <br /> <br /> <br />u <br /> <br />-1 <br />