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<br />r" 41so: t better security of the indebtedness hereby secured, upon the request of the mortgagee, its successors
<br />or assigns, mortgagor shall execute and deliver a supplemental mortgage or mortgages covering any additions,
<br />the datements, or betterments made to the property herelnabove described and all property acquired by it after
<br />the date her (all in form satisfactory to mortgagee). Fu Ore. should mort
<br />in the payment of a prior or inferior encumbrance on the or fail nt cure any default
<br />by agrees to permit Pr °IxrtY described by this instrument, mortgagor here-
<br />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 sattu terms and conditions.
<br />C. The rights crated by this conveyance shall remain in full force and effect during any postponement or
<br />extension of the time of the payment of the indebtedness evidenced by said promissory note or notes, or an
<br />part thereof secured hereby. Y
<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 />whets due any premiums therefor. All insurance shall be carried in companies acceptable to mortgagee send the
<br />Poles 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 favor
<br />to ��a• and mortgagee may make proof of loss if not made promptly l mortgagor, and each insurance
<br />cornttamY concerned is hereby authorized and directed to make payment for such loss directly to mortgagee
<br />instead of to mortgagor and mortgagee jointly, and the insurance cxoeeeds, or any part thereof, may be applied
<br />by mortgagee at its option either to the reduction of the indebtedness 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 title
<br />to said property in extinguishment of the indebtedness secured hereby, all right, title, and interest of the
<br />mortgagor in and to any insurance policies 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 />Permit, commit, or suffer no waste, impairment, deterioration of said property or any part thereof; in the event
<br />Of faihue of the mortgagor to keep the buildings on said premises and those erected on said premises, or
<br />improvements thereon, in good repair, the mortgagee may make such repairs as in its discretion it may deem
<br />necessary for the proper preservation thereof; and the full amount of each and every such payment shall be
<br />immediately due and payable; and shall be secured by the loin of this mortgage.
<br />h. To not voluntarily create or permit to be created against the property subject to this mortgage any lien
<br />or liens inferior to the lien of this mortgage without written consent of the mortgagee; and futher, that mort-
<br />gagor will keep and maintain the same free from the claim of all persons supplying ]shoe or materials for con-
<br />struction of any and all buildings or improvements now being erected or to be erected on said premises.
<br />i. To not rent or assign any part of the rent of said mortgaged property or demolish, or remove, or
<br />substantially alter any building without the written consent of the mortgagee.
<br />i• All swards of damages in connection with any condemnation for public use of or injury to any of the
<br />Property subject to this mortgage are hereby assigned and shall be paid to mortgagee. who may apply the same to
<br />payment of the installments last due under said note, and mortgagee is hereby authorized, in the name of the
<br />mortgagor, to execute and deliver valid acquittances thereof and to appeal from any such award.
<br />It. The mortgagee shall have the right to inspect the mortgaged premises at any reasonable time.
<br />1. To comply with the provisions of any lease if this Mortgage is on a Ieasehold. If this Mortgage is on a
<br />unit in a condominium or a planned unit development, Borrower shall perform all of Borrower's obligations
<br />the declaration or covenants creating or governing the condominium or planned unit developmem,the
<br />by-laws and regulations of the condor imium or planned unit development, and constituent documents.
<br />2. Default in rig, of the covenants or conditions of this instrument or of the note or loan ageemertt secured hereby
<br />t terminate the mortgagor's right to Pmaessiom, use, and enjoyment of the property, at the option of the
<br />or assign (it being agreed that the mortgagor shall have such right until default). Upon any such
<br />default. the mortgagee shall become the owner of all of the reins and profits accuring after default as security for
<br />the beilebteduess secured hereby, with the right to enter upon said property for the purpose of collecting
<br />nos and Profits. This instrument mall operate as an assignment of any rentals on said property to that extent. such
<br />3. If
<br />dw conditions the mortgagm defttu lts, and fails to make any payments when due or to conform to and COMPly with any of
<br />or agreements contained in this mortgage or the notes which it secures, than the entire principal
<br />sum and aCMW interest shall at once become due and payable, and draw 11,7 _ per ant QlLaqs) interest
<br />paid at the elation of the mortgagee; and this mortgage may thereupon be foreclosed immediately
<br />for the whole of the indebtedness hereby secured, including the cost of extending the abstract of title from the
<br />of this mortgage to the time of commencing such suit.
<br />4. In the evert of a foreos osm or default as
<br />sue, and enjoyment of the real esta aforesaid and the
<br />the rent, «tssuues, royalties, o b � pro to the pos
<br />from the of sch tights and during the profits thereof,
<br />SW at Wring pendency of foreclosure proceedings and such Possessions. etc.,
<br />eafOrVW by omx be delivered to the mortgage upon request, upon failure such delivery of such possession may be
<br />mortgagee, by any Appropriate legal Proceedings, including a receiver for the property.
<br />S. The Proceeds of any sale of said property in accordance with the preceding paragraphs shall be applied first to
<br />Pay the costs and aaPCnm of said sale, the expenses incurred by the mortgagee for the purpose of protecting or
<br />maintaining said property, secondly, to pay the indebtedness secured hereby; and thirdly, to pay any surplus or
<br />excess to the person m persons legally entitled thereto.
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