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<br /> ' guarantee loana
<br /> Said as given to eecare �[�iHNcin which the Small Bu�iness Adminieuation, an ageacp of the ,
<br /> United .Statea of Ameaca. ha� ,participated. In compliance with eection, 10�1 (d ) of the Rulee and Regulatione of �
<br /> r the Saiall Businees Administration [13 C.F.R. 101.1 ( d ) ]. thie inetrament ie to be conetrued and enforced in accord-
<br /> ance with aPPlicable Fadual,law. , ; .
<br /> L ' T6b mortgagor co+venaata and agreee as followe: _ .
<br /> , : , guarantee
<br /> ' d. 'He will prnmpdp pay the indebtedneee evidenced by said=��� �t 'the timea and in the ;
<br /> manner thereia provided.
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<br /> - b. $e will pay all tsxas, aexeemeats, water ratee, aad other governmeaial or municipal c2�erges, Snea, or
<br /> ` impoeitione, for w2uch provieion has not been made hereinbefore, and will prompdy deliver the 'o�cial receipta !
<br /> therefor to the eaid mor[gagee.
<br /> c. He will pny such racpenses and feee ae may be incurred ia the pratection and maiatenaace of said
<br /> properey, including the feee of any attorney employed by ehe mortgagee for the collection oC any or all of
<br /> the indebtedaeee hereby eecured, or fotecloeure by mortgageds eale, or court proceedinge, or in any other
<br /> ; litigation or fsroceeding affectinR eaid property. Attorneya' (eex reaeonably incurred in anv other wav ehall be
<br /> ' paid bp the mortRaRor.
<br /> d. For better eecurity of the indebtedneee hereby secured, vpon the requeet of the mortgagee, ite
<br /> ' � eacceaeore or aeeigne, he ehall execute and deliver a eupplemental mortRaKe or mortKaRes covering any
<br /> ' additione, improvementa, or betterments made to the property hereinabove deacribed and all propeny
<br /> acquired by it after the date hereof (all in Corm satisfuctory to mortgagee ) . Furthermore, ehonld mortgagor
<br /> fail to cvre aay default in the payment of a prior or inferior encumbrance on the property deacribed by
<br /> thie inet:ument, mortgagor hereby agrees to permit mortgagee to cure svch default, but mortgagee is not
<br /> obligated to do eo ; and euch advancea ehall become part of the indebtedncex eecured by thie inevumeny �
<br /> ` aubject to the eame terme and conditione. �
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<br /> e. The righte created by this conveyance ahall remain in full Lorce und eHect durinR any� yoetpuneuieul
<br /> or exteaeion of the time of the paytnent of the indebtedness evidenced by said promiesory n�ste or any part
<br /> ' i thereof eecured hereby. �;
<br /> f. He will coatiauously maintain hazard ineuraace, of euch type or typee aad ia such amounts ae the
<br /> mortgagee may from time to time require on the improvements now or liereafter on waid � property, nnd
<br /> , ; will pay promptly when dae any premiuma therefor. All ineurance ehall ba carcied in companiee acceptable ;,
<br /> � to mortgagee and the policiea end renewala thereoE ehall be held by mortgagee and have aneched therew
<br /> loea papable clausea in favor of and in form acceptable to the mortgagee. In event of loee, mortgagor will give
<br /> immediate notice in writing to mortgagee, and mortgagee may make proof o[ loee if not made promptly by
<br /> ' mortgagor, and each insnrance company concerned ia hereby authorized and directed to make payment for euch
<br /> ' loee direcdy to mortgagee inetead of to mortgagor and mortgagee joiatly, and th� ineurance proceeds, or aay
<br /> part thercof, may be applied by mortgagee at iu optioa either to the reduction of the indebtedneee bereby
<br /> } secured or to the restoration or repair of the property damaged or deatroyed. In event of forecloeuze of this
<br /> : � �ortgag�e, or other tranefer of titlo to eaid property in extinguiahment of the indebtedneee eecwred hereby, all
<br /> ; righy dde, and intereat of the mortgagor in aad to any ineurance policiea then in forco ehall paes to the
<br /> purchaxr or mortgagee or, at the option of the mortga�cee, mav be esurrendered for a refiui�.
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<br /> � g. He will keep all buildings und other improvements on esaid property in good repair and condition ;
<br /> ; will permiq commit, or suffer no waete, impairment, detezioration of eaid propertv or any port thereof;
<br /> t' in the event of failure of the mortgagor to keep the buildings on said premiees und thoae erected on eaid '
<br /> " ; premiaea, or improvements thereon, in good repair, the mortgagee may make euch repaire ae in ite diecretion
<br /> � it may deem aeceaeary for the proper preservation thereof; and the full amount of each and every auch
<br /> j payment ehall be immediately due and payable : and ehall be eecured by the lien of thie moKgw�e.
<br /> �( h. He will not voluntarily create or permit to be created againet the property eubject to thia mortgage any
<br /> { liea or lieue inferior or euperior to the lien ot thie mortgage without the written coneeat of the mortgagee ; and
<br /> $ further, that he will keep and maintain the eame free from the claim of all perauna nupplying labor or
<br /> � matarials Eor conetruction. o[ any and nll buildinge or improvemente now }seinR erected or to be erected ou
<br /> aaid premiees.
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<br /> � i. H� will not rent or aeuign any part of the rent of said mortgaged properh- ar demolieF�, or re�no.•e,
<br /> or eubatantially alter any buildinR without the written coneent of the mortRa{cee.
<br /> j. All awarda oE damagee ia conneetioa with any condemnation for public uae oC or injur� to anp oi tlie
<br /> property eubject to thie mortgage are hereby aeaigned and ahall be pai8 to rnortgagee, who ma�� appiy the
<br /> � eame to payment of the iaetallme�te laet due under eaid note, and mortgagee ie hereb}• authorized, in the t
<br /> :aame oF ehamortgngor, to �execute and deliver valid acquittancee thereof and to appeal from any each award.
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<br /> k. Tlie mortgaRee ehall have the ri�tftt to inepect the mortKaged premiee.= et anp reaeonable time. "'�="" °'
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<br /> 2c� Defaalt ia' any of the cuv�nante or conditione of thia inserament or of the aote or loan agre�meat eecurod >s
<br /> hereby ehall terminata the mortgagor'e right to poeseaeioa, nee, and enjoymeat of the property, et the option of the ;;, ;.:; ''
<br /> _ � ` mpctgagee or his aeaigne (it btiag agreed that the mortgagor e6a1] have euch right until default ) . Upon any euch ;`�' "
<br /> ' ' ! 'defaiilt;.,the mo:tgagea' shall became the owner of:aII' of�rt6e reau and pro&te acaruing after defanit ae eect�rity + „ .t�
<br /> Y, , poa .snid ro rt for the u oee of collectin euch ".�y�,
<br /> � , or t6e `indebtedriees ee `cured herGb wit6 the risbt to mr�'n A Pe Y P rP � B " � � �
<br /> : i+ents and profita. T7ais instrument ehall o te as ,ia ' "� ent 'oE an rentale oa aaid '" . �� .' -"
<br /> pere �ea�gnm y property to thai extent.
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