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$7--'-10082
<br />ii :For better- security of the indebtedness hereby secured, upon the request of the mortgagee, its successors
<br />or assigns, mortgagor shall execute and deriver a supplemental mortgage or mortgages covering any additions,
<br />improvements, or betterments made to the property hereinabo +c describes and all property acovired by it after '
<br />the date hereof (all in form satisfactory to mortgagee). Futhermore, should mortgagor fail to cure any default
<br />in the payment of a prior or inferior encumbrance on the property described by this instrument, mortgagor here -
<br />by agrees to permit mortgagee to cure such default, but mortgagee is not obligated to do so; and such advances
<br />shall become part of the indebtedness secured by this instrument, subject to the same terms and conditions_
<br />e_ The rights created by this conveyance shall retrain in full force and effect during any postponeittent or
<br />extension of the time of the payment of the indebtedness evidenced by said promissory note or notes, or any
<br />part thereof secured hereby.
<br />f. To continuously maintain hazard insurance, of such type or types and in such amounts as the mortgagee .
<br />may from time to time require on the improvements now or hereafter on said property, and will pay promptly
<br />when due any premiums therefor. AR insurance shall be .carried in companies acceptable to mortgagee and the
<br />policies and renewals thereof shall be held by mortgagee and have attached thereto loss payable clauses in favor
<br />of and in form acceptable to the mortgagee. in event of loss, mortgagor will give immediate notice in writing
<br />to mortgagee, and mortgagee may make proof of lass if not made promptly by mortgagor, and each irgtrranee
<br />company concerned is hereby authorized and directed to snake payment for such lass drrectly:to matagagec
<br />instead of to mortgagor and mortgagee jointly, and the insurance proceeds, or any part thereof, may be apptred
<br />by mortgagee at its option either to the reduction of the indednadtrtss hereby secured or to the restoration or
<br />repair of the property damaged or destroyed. In event of foreclosure of this mortgage, or other transfer of We
<br />to said property in extinguishment of the indebtedrim secured hereby, all right, title, and interest of the
<br />mortgagor in and to any insurance polities then in force shall pass to the purchaser or mortgagee or. at the'
<br />option of the mortgagee, may be surrendered for a refund=
<br />g. To keep all buildings and other improvements on said property in good repair and condition-, to
<br />per[riL commit, or suffer no waste, impairment_ deterioraricm of said property or any part thereof, in the e+m
<br />of failure of the mortgagor to keep the buildings on said premI and those erected on said premiFts or
<br />f rwrovements thereon, in good repair, the mortgagee may make such repairs as in its discretion it may dean
<br />necessary for the - proper preservation thereat. and the fuil amount.of each and every such payment sheer be
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<br />immediately due and payable: and shall be secured by the loin of this mortgage_
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<br />h. To not voluntarily create or permit to be crcatod against the proper subject to this mortgage any'
<br />or liens inferior to the lien of his mortgage without written cons--in of the mortgagee and father, tha? aturt-
<br />gagor wits keep and maintain the same free from the claim of all persons supplying labor or materials- fire �
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<br />struction of any and all buildings or improvements nos* being erected or to be erected on said premtxs.
<br />i. To not rent or assign any pan of the rent of said mormagccd propem- or demolish, or remoir_ or
<br />substantiadh altst any building without the written iYaIt2tn of the mortgagee,
<br />J. Ali awards of damages in connection with any condemnation for public use of or injury to =v of the
<br />property abject to this mortgage are hereby assigned and sisal be paw to mortgagee, who may ate° the saw to
<br />payment of the installments last due under ;aid ", tc, and mortgagee is d creby authorized, in the mime of the
<br />mortgagor, to execute and deliver valid acquittan:::s thereof and to appeal from any such avi2rd.
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<br />k. The mortgagee shalt Have the right to inspect the mortgaged premises at any reasonable titre_
<br />1. To comply with the provisions of any lease if this ?Mortgage is on a teasehald_ If this Mortipge is on a
<br />unit in a condominium or a ptarmed unit development, Borrower shall perform all of Borrower's obligations
<br />under the declaration cr covenants crcaung or governing the condominium or planted unit deednpment. the
<br />by -laws and regulations of the condominium or planned urnt development. and constatient documents.
<br />2. Default in any of the covenants or conditions of this instrument or of the time or loan ageement secured hereby
<br />shall terminate the mortgagor's right to possession. use_ and enjoyment of the property, at the option of the
<br />mortgagee or assigns tit being agreed that the mortgagor shall have such right until default). Upon any such
<br />de€audt, the mortgagee shall become the owner of all of the rents and profits a curng after default a4 security for
<br />'the Indebtedness secured hereby, with the right to enter upon said property- for the purpose of collectinz such
<br />resits and profits. This instrument shall operate as an assignment of any rentals an said property to that extent_
<br />3, if the mortgagor defaults, and fails to make any payment-, when Dine or to conform to and comply with any of
<br />_=tae �o or agreements comained in this mortgage or the notes which it seccures; then the entire principal
<br />arts: a um interest shall -al once bec`orne tour ana pay-aote. and army .Y.�= per cetii ._.`. ,Ip) interest
<br />thereafter until paid at the election of the mortgagee: and this mortgage may thereupon be foreclosed immediately
<br />for the whole of the indebtedness bereby secured, including the cost of extending the- abstract of title from the
<br />date of this mortgage to the tinte of commencing such suit.
<br />il., In the event of a foreclosure or default as provided herein, the mortgagee shall at once be entitled to the pos-
<br />session, use, and enjoyment of the real estate aforesaid and to the rent, issues. royalties, and profits thereof,
<br />from the accruing of such rights and during the pendency of faoreckasure proceeding, and ;uth lhTast�-;,io,;_, !'tc
<br />shall at tint lie delivered to the mortgagee upon request, ,upon failure such delivery tit such pos-,esston may be
<br />mfor eel by mortgagee, by any appropriate legsl prcxeoxdings, includir :g a rrceiscr fir the proprrt *.
<br />t. 'thy p4T(,%7CCdS tit any sale rat said propcoN ui acclirddme with the prri inimit para .raph, •-hack be sppitrd +irti t:,�
<br />Fa'i the ,e =ct5 And cr sc. tit aid cafe, the cc tarry 1n;urrcd !I -tic snort • ;-r, f
<br />. - t 7 ., �.3g ?fi£ pnttTitSC` ir( pYi.6tii9Y2�
<br />"tflAIPIAtitiov .Yid t'ititt- sett -, 4mondiv, !o pay the rnJcbtcdnv`o ccivcd herett %. :ind ihirdiv, to #?.i_4 ,ativ invills,01 -
<br />r'a<Xt, at file pri4e011 of rwtr on -s lrgafly ertitltrd Ihmt -o
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