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Said promissory note was given to secure, a loan in which the Small Business Administration, an agency of the United States of America, has participated. In compliance with section 101.1(d) of the Rules and Regulations of the Small Business Administration f 13 C.F.R. 101.1(d) j, this instrument is to be construed and enforced in accord- anon with applicable Federal law. 1. The mortgagor coatenants and agrees ss follows: a. He will promptly pay the indebtednew evidenced by said promissory note at the times and in the mamer therein provided. ib. He will pay all taxim assessments, water rates, and other governmental or municipal eharges, fiats, or impositions, for which provision has not been made hereinbefore, and will promptly deliver the official reeaipts therefor to the said mortgagee. c. He will pay such expenses and fees as may be incurred in the protection and maintenance of said property, including the fees of any attorney employed by the mortgagee for the collection of any or all of the itedness hereby secured, or foreclosure by mortgagee's sale, or court proceedings. or in any other litigation or proceeding affecting said property. Attornevs' fees reasonably incurred in anv other wav shall he paid by the mortgagor. d. For better security of the indebtedness hereby secured, upon the request of the mortgagee, its sucee4wn or assigns, he shall execute and deliver a supplemental mortgage or mortgages covering any additions, improvements, or betterments made to the property hereinalime described and all property acquired by it after the date hereof (all in form satisfactory to mortgagee t . Furthenmore, should mortgagor fail to cure any default in the payment of a prior or inferior encumbrance on the property described by this instrument, mortgagor hereby agrees to permit mortgagee to cure such default, but mortgagee is not obligated to do so; and such advances shall become part of the indehtedne.a secured by this instrument, subject to the same terms and conditions. e. The rights created by this conveyance shall remain in full force and effect daring any post puneotettt or extension of the time of the payment of the indebtedness evidenced by paid pronissoryv note or am part thereof secured hereby. /. He will continuously maintain hazard insurance, of such type or types and in such amounts u the mortgagee may from time to time require oil the improvements now sr hereafter on aid property, anti will pay promptly when due any premiums therefor. All insurance shall be carried in companies acceptable to mortgagee and the policies and renewals thereof shall be held by mortgagee and have attached thereto Toes payable clauses in favor of and in form acceptable to the mortgagee. In event of loss, mortgagor will give immediate notice in writing to mortgagee, and mortgagee may make proof of lose if not made promptly by mortgagor. and each insurance company concerned is hereby authorized and directed to make payment for such lees directly to mortgagee instead of to mortgagor and mortgagee jointly. and the insurance proceeds. or any part thereof, may be applied by mortgagee at its option either to the reduction of the indebtedness hereby secured or to the restoration or repair of the property damaged or destroyed. In event of foreclosure of this mortgage, or other transfer of title to said property in extinguishment of the indebtedness secured hereby, all right, title. and interest of the mortgagor in and to any insurance policies then in force shall paw to the purchaser or mortgagee or, at the option of the mortgagee. may Ion- surrendered for a refund. S. He will keep all buildings and other improvements on said property in good repair and condition; will permit. commit, or suffer no waste, impairment, deterioration of said property or any part thereof; in the event of failure of the mortgagor to keep the buildings on said premises and those erected on said premises, or improvements thereon. in good repair, the mortgagee may make such repairs as in its discretion it may deem necessary for the proper preservation thereof; and the full amount of each and every such payment shall be immediately due and payable; and shall Ire secured by the lien of this mortgage. A. He will not voluntarily create or permit to be created against the property subject to this mortgage any lien or liens inferior or superior to the lien of this mortgage without the written consent of the mortgagee. and further. that he will keep and maintain the same free from the cfaino of all persons supplying labor or materials for construction of any and all buildings or improvements now being rrretrd or to he erected ou said premises. i. He will not rent or assign any part of the rent of said mortgaged proprrly or demolish, or remove. or substantially alter any huilding without the written consent of the mortgagee. j. All awards of damages in connection with any condemnation for public use of ter injury to any of fill- property subject to this mortgage arc hereby assigned and shall be paid to mortgagee, who may apply the same to payment of the installments last due under said note, and mortgagee is hereby authorized, in the name of the mortgagor, to execute slid deliver valid aequittanees thereof anti Io aploral froth arty Poch award. k. The mortgagee shall have the ri;tht to inspect the mortgaged prrmisl-� at any reasonable timle. 2. [Wifult in any of the covenants or conditions of this instrument or of the note or loan agreement secured hereby shall terminate the mortgagor's right to possession, use, and enjoyment of the property, at the option of the mortgagee or his assigns (it being agreed that the mortgagor shall have such right until default). Upon any such default. the mortgagee shall become the owner of all of the rents and profits accruing after default as wenrity fat the indebtedness secured hereby, with the right to enter upon mid property for the purpose of collecting such rents and profits. This instrument shall operate as an assignment of any rentals on said property to IIl,ctsietb �aA ski "to Iran fa.`91 � .....�