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<br />Said promissory note wa� given to secure a loan ill which the Smal Business Administration, an agency of the
<br />United States of America, his participated, lit coini-Aiance with section 101-101) of -th& Rules and -Regulations of
<br />the Small Business Administration [ 13 C.F.R. 101.1 (4) 1, this in8truniel it i.s to be construed and enforced in accord-
<br />ance with applicable Federal' law.
<br />1. The mortgagor covella tits and agrees as follows:
<br />a. Ile will proin'tly pay the indebtedness evidenced. by said proinis8ory note at the times and in the
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<br />manuer therein provided.
<br />He ivill pay all taxes, asses.sincrits, water rates, and other governmental or municipal 'Charges, fiiie-,,., or
<br />im poisiti 0115, for which provision has not been made liercinbefore, and : Nvill promptly deliver the, off i.cial receipts
<br />therefor to the said mortgagee.
<br />c. Ile will pay such expenses and fees as may be hicurre inithe protection and maint6nance of said
<br />property, including the fees of any attorney employed by the mortgagee for the collection of, any or all of
<br />the indebtedneFs hcrel)v secured, or foreclosure hy niort"a"Ce's sale, or court proceedings, or, ill in%. other
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<br />litigation or proceeding affecting said property. Attorneys' ecs r asonahl-, incurred in ,in%- oth�r way shall lie
<br />paid by the mortgagor.
<br />d. For ]letter security of the indebtedness hereby secured, it )oil.. the r(,�quest 'of the -nio.rtpgee, its
<br />'co,vi-ring any
<br />successois or assigns,:Jic diall execute and deliver a supplenieptal inort,,a-,e� or mortgages�
<br />lic ; -rchiabove- described all(Fall property
<br />additions, improvements, or betterments made to: the propert�
<br />,acquired by it after the (late hereof iall iii form s�atisfactory to 11101-tira-Ce). Furthermore, should niort-a-Or
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<br />fail to cure any default in the payment of a prior. or inferior encithibrance oil the property describe(] b%
<br />thii instrument, niortimgor hereby agrees to permit lliortffa,,cc to cure such default, but niortga(,ec is not
<br />obligated to do so; and such advances shall becibille part of the indebtedness secured by this instrument;
<br />subject to the same ternis and conditions.
<br />-in(, am". po'4t poilenwil I
<br />c. The rights crc'ptcd by this conveyance :31ial) remai.n in full force and effect dui
<br />or extension of the tiiiie of the payment of the indebtedness evidence(] by qaid promissory note or aliv part
<br />thereof secured hereby.
<br />He will contin�iously maintain hazard insurance, of such type or types and in Buell �amoulit8 as tile
<br />-equire oil th't iniprovenictits tiow or' hereafter oil said :propt;rly, and
<br />iliortgaffce may fronit tinic to time i
<br />will pay pron;ptly when due any proniunis therefor. All insun nce sliall be carried in-conipanic's acceptable
<br />to mortgagee and thc� policies and reneivals thereof sliall be held b): mortgagee and have attached thereto
<br />loss payable clauses in favor of and in form accetable to' tile mortgagee. Ili event of loss, mortgagor will give,
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<br />intinediaic notice in writing to mortgagee, and mortgagee maNy make proof of -loss if not made romptIN b)
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<br />mortgagor, and each insurance conip . any concernedis hereby authtriz'ed and directed to make payment for such
<br />los� directly to niortga-ce instead of to niortgagoi and 1llol-tg,-1,rec jointly, and. the insurance roccedsi or any
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<br />part thereof, may be' applied by mortgagee at its option either to the reduction of the indebtedness hereby
<br />secured or to the restoration or repair of the'property damaged or destroved.lin cvciit of foicclosure of this
<br />mortgage, or other transfer of title to said properO in extinguishment of the indebtedness sce'ured hereby, all
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<br />right, title, and hiter�st of the mortgagor in and to any- insurazicc,! policies then in force shall pass t`6 the
<br />purchaser or niortga&ee or, at the option of the iniortgagee, llWv Ile surrendvi-t-d for' a refund.
<br />g. Ile %vill keel) all buildings and other' improvement I s o'n said:property in good repair ind condition;
<br />will permit, coininit,-or stiffer no waste, impairmcnit, deterioration: of said property or any part thereof;
<br />in the event of failure of the mortgagor to keel) the building.-, oil s;iid premises all(] those orected oil said
<br />premises, or iniprove!'lients thereon, in good repair the ihortgagee it I lay make stich repairs as lit
<br />it may deeni necessary for the proper preservation thereof; and tile fill] allioulit of each iind every 'uch
<br />nent sliall be inin diately duc and payable; art(] sliall br s�cllr'cd by tile lien of this lit 0 -age.
<br />payl le o:r r
<br />h. Ile will not volunrarily create or permit to be created against tile property subject to this mortgage any
<br />I*icn or liens inferior or superior to the lien of this lilortgage witho tit the written consent of thc-7110 tgagcc; and
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<br />further, that lie will keel) and maintain the same rr(!e from tile': claim of* all pLi-sons supidyin" labor 01,
<br />materials for cons',ttiction of any and all buildinas' or w.inrovew. v-� now being f-rected or 16 be vreet -d oil
<br />said premises.
<br />i. Ile ivill not lent or any parl jl' #fie r,_it ot said tuortpiged property or demolish, or remove,
<br />or substantially alter any btiildin� without the written conczent o the mortgagee.
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<br />All awards of ilainages in connection with any condenination for public 'use of or ilfjlii!% to aliv of tile
<br />property subject to [his, mortgage aic hereby assigned and slial I be. paid to mortgagee who �niay apply the
<br />same to payment of tile installments last due under said note, ;1nd inortgagee.i, hereby tit ' thorizOd, ill tile
<br />ances the'reof and to appval from a,ny stich award.
<br />name of tit, mortgagor, to execute all(] deliver valid acquitt.
<br />k. The mortgagee shal I have the right to inspect the niortgag,_-d lirciiii-c-s at . itiv reasmiable'llille.
<br />2. Default in any of the covenants or condition8 of this instrumpt I �or of the note or lonn ag'ecinent. secured
<br />herelly shall ternihiate' the n'lortgagor's riglif to possession, UR', and enij)):11lent of the property, at the option of the
<br />mortgagec'.or-his assigns (it being agreed that the mortgagor shall have s'ach right until default).- Ulmil any such
<br />default, the mortgagee shall become tile owner of nil of the rents it I id profits accruing after Ae fatili as security
<br />for tile indebtedness secured hereby, with Out rialit. to ciaer upon, said property for the purpose ot collecting Buell
<br />rents and profits. This iii8trunient shall operate as an assignment of any rentals on said property to that extent.
<br />S.9A. FO RM 920 (2-73)
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