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<br /> , d. For better secvrity of the indtbtedness hereby securec�. upon the requess of the mortgagee. iu suoce�sors •
<br /> � �- or�irsigq�.�moct$�gvr shall execuEe and deliver a supplementa}atflrtgage or mnrigages rnvering any additions. •
<br /> improvenients.c�r bettermenis made to the prbperry hertinabove desaibed and aU property aoquired by it aftu �.
<br /> � 4ha date h�eof(all in farm satisfactory ts mortg��. Futhermon, shautd mortgagar fait to ture any defautt
<br /> in th�payiaent of a prior or inferiar encumbraace on the prope�ty dacrihe�by tlris instniment,mortgagor hera
<br /> by agras to permit mortgager to cure such default, but mortgagee is not obiigated to do so; and such adva�sces �
<br /> shalt 6ecome part of the iadebtcdness secured by this instnimenf,su6jsct to the same terms and condi�ioas. �
<br /> e. Thc rights created by th�s convtyance shall remain in ful!force and effect during any postponeinent or _ •;
<br /> extensioa of the time of the payment of the indebtedness evidtnved by said promissary note or notes, or any
<br /> � part thtreof sxured hereby. ` • �
<br /> f.To continnuousty maeniaiu haTUd inswazco�of such type or types and in such amounts as thc mortgaga � �
<br /> z�►y from time to time reqvire on the improvements naw or hereafter oA said property� aud wtll PaY Prompdy `, �
<br /> '�2�en due any premiums therefor_ AIl insuranoe shall be carried in companies acceptable to mortgagee and tlte
<br /> '•.�--�olicies and renewals tfiereo€s1taI�bc hetd 6y mortgagee and have attacbcd thereto Io,ss payable clauses in favor
<br /> . ' �' �f aud in farm acceptabte to the zaortgagx In cvent of ioss, mortgagor �n'll give unmediate nottce in writing '
<br /> � ta:psortgaget,aad mo�tgagce may make proof of lass if not made pr�ta�pdy by mort�agor,and e�ch insuraace
<br /> , '�oinp�a� cer�naE is hereby authorized and dire�eted tcr .�s.alce pa7�ent for such loss d'ueetiy to mortgaga "
<br /> instead of.2r��uortgegor and mortBaBa jointly,and the i�a+�ce�rorciceeds, or a�part thereof,may be applied _ '
<br /> by mortgagte at its op�ion either to the reduction of t�ie:��I�.b��rss>herel�y secured ar to the restoration or � �
<br /> . repair of the property clai�aged or destroyed.I�t,e�rent 6f`fa`re�fosure;af tbis:rnortgagt, ur ather transfer of Ude � ' �
<br /> to said praperty in ex�guishment of the in�teUt�ness secured h�rety,.aU right, ridt, and intenst of the
<br /> . mortgagor in and to any insurance policies tl;�n�bn force shall pass to the purc�ser or mongagre or, at the �
<br /> � opfion of the mortgag'a,may be surrendered foT a refund. � . �. - , " °
<br /> g. To kap all buildings and oWer im�soreinents on said property in good repair and condi�on; to : • ' °�
<br /> , permit,commit, or suffer no waste,impairment; deterioration uf said property or ar�y part thercaf;ia the event
<br /> of failure a�f the martgagar to keep the buitdings on said premises and those esected on said prem:sQS; or . ' . -
<br /> i improvezIIe�ts thereon, in good rtp�air, the mortgaga ma�n�ake such repairs as ia its discredon it mm���xm .;.�.
<br /> nccessarg!f�sr�the proper preservation thereof; and ths fu32 amouAt of each and every such payment shall be . .
<br /> ir�as�iatrSy�due and pag�atb2e;and shall be secured by the tein of this��rtgage. � ' `�'`��;`
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<br /> h. To��ot voluntarily create cn�ermit to be created�against the property subjsct to this mortgage any lien � .
<br /> • dx tiens inferior to the lien oP th%�mongage without written consent of the mortgagee; and futher� that mort-
<br /> gagor will keep and mainlsin the same free fresa�ehe claim of all persons supplying labor or mat�rIals for con- �
<br /> � �uction o�any and alt hnildings or improvem��s now being erected or to be erected on said premises. ,}_ti��
<br /> i. 'Fo x�� rent or assign ar:��part of the rent of sa�d mangaged property.mr demolish, or remove, or � �`
<br /> j substantiaFY3r atter any bui2dieg wiF�aui the written conseat of the mortgagee. , ;�.
<br /> f . j. All awards of damages in connection with any candemnation for pnblic.use of or injury to any of the
<br /> propeity s�bject to this mortgage�c hereby assigned apd shall be paid to mortgag�a�.who may appJy the same to #
<br /> payment of the instaDments last dus under said note, and mortgagee is hereby�n�eariud, in ihe name of the !
<br /> �ortgagor, to execute and deliver valid acquittances thereof and to appeal from any such award. � �� - •
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<br /> � k.The mortgaga shall have Lhe.right to inspect the mortgaged premises at any reasonable time. '�.���
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<br /> 1. To cemply with the provisi�ns of any lease ii thi� !'�lortgage.is on a teasehold. If this Mortgag�i�,�n a .
<br /> unit in a condominiurr o� a ptanned unit development, Hanower st�l perform all of Borrower's obligations ' �
<br /> under the dutaration or covenxnts creating ar governing the condaminium or planned unit development.the
<br /> by-laws a�regulations of the coa�lominium or planned unit development,and casnstituent documents. , , , ,
<br /> 2. Default in any of the covenants or conditions of this instrument or of the nate a'"r loan ageement secnred hereby �
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<br /> - �- - -� �- sh�ll terminate the mortgagar's rigfit-to possession,�use,-and enjoymsnt o�the�property;at�the-opt�on of��the � - - --�-
<br /> : mortgaga or assigns (it being agreed �hat the mortgagor shall have such right until default). Upon any such , ' �''� �
<br /> ; dePault,the mortgagee shal!baome the owner of all vf the rents and ptofits accuring after dePaalt as secudty for �
<br /> ; Ihe indebtedness secwrad h=seby; s�+ith 4he right to entet upon sai� property far the purpose of collecting sucl�
<br /> rents and psoftts.This instrumen!shafl a�ses�atr as an assignment af any-rentals an said properiy to that extent.
<br /> 3. If the mortgagor defaults, and faiis to make any payments when due ar t�conforn2 to and campty with any of
<br /> the�canditions or agreements rnntained in this mortgage or the notes Whic9� it secures, then the entire principal _ _
<br /> ' sum anQ accrued interest shall at once became due and payable, 2tnd.cttaw L 1.S p�r cent ( 1�•5%a) interest ' �
<br /> therrafter until pa�d at the elecdon of the mortgagee;and chis mort$�g4 nfay thereupon 6e Yoreclosed immed�ately
<br /> for the who�e of the indebtednas htreby secused, incl�d'uig the cast af extending the abstract of title ftom the �
<br /> date o!this mortgage to the time af commencing such suit.
<br /> 4. In the ever.� ot a foreClosure or default as provided hertin. the mortgagce shall at once be endtted to the pos- �
<br /> � sessian, usr� aad ealoyment of the real estate aforesaid and to the rent� issues. royailies. and profifs theredf.
<br /> from the���csuing o!sucte rights and during the pendency of foreclosure proceedings and such possessinns� etr.. � .
<br /> sh�ll at o:�c 6e deliverrd ta the mortg�gte upon request. upon faifure such delivery df such possessinn may be t�•
<br /> eniorcrQ by mortgagee.by any appropriate Iega)proceedings.including a receiver tor the properly. . ��
<br /> S. ''Fhe procetds of gny�tt of said praperty in�tebrtta�nee with the prete�iing patagraphs sbult be npplIed first tu. r> ���'
<br /> pay tlie costs enc�exp�enses of sa�r! sate. the r�peares inctrrred by the martgagee far the pvrpnsc ot protectin� or '
<br />. maintai�ting said prUperty, sesauJtyi ta pay the indebtedne=.s secured heteb}; attd thirdly, tu pay any Surplus or
<br /> exces9 tu the person.or persons Itg�lly entilled Iheretu_
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