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<br />83-- ~)OU3
<br />d. For bitter 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 />improvements, or betterments made [o the property hereinabove described and all property acquired by it after
<br />the daft 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 perinit 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 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 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. All 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 aeceptable to [he mortgagee. In event of loss, mortgagor wi[I give immediate notice in writing
<br />to mortQattee, and mortgagee may make proof of lass if not made promptly by mortgagor, and each insurance
<br />company concerned is hereby authorized and directed to make payment for such loss directly to mortgagee
<br />instead of to mortgagor and mottgagee jointly, and the insurance proceeds, or any pan thereof, may be app-ied
<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 mottgage, or other transfer of title
<br />[o 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 torce shall pass to the purchaser or mortgagee or, at the
<br />option of the mortgagee, may be surrendered far a refund.
<br />g. To keep all buildings and other improvements an said property in good repair and condition; to
<br />permit, commit, ar suffer no waste, impairment, deterioration of said propem• or any part thereof; in the event
<br />of Cailure of the mortgagor to keep [he buildings on said premises and chose 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 presen•ation thereof; and the full amount of each and ecen• such payment shall be
<br />immediattly due and payable; and shalt be secured by the Lein of [his mortgage.
<br />h. To not voluntarily crea[e or permit to he stated against the prvpeny subject to this mortgage any lien
<br />or liens inferior to the lien of this mortgage without Nritten smsent of the mortgagee: and futher, that mort-
<br />gagor will kelp and maintain the same fret from the claim oC al! persons supplying labar or materials for con-
<br />sttuction of any and all 6uitdings or improvements now beine erected or to be erected on said premises.
<br />i. To not rent or assign any part of the ren: of said mortgaged property or demolish, or remove, or
<br />substantially alter any building without the written conscm of the mortgagor.
<br />j. All awards of damages in connection with any condtmteation for public use oC or injury to any of the
<br />property subject to this mortgage are hereby a_csigned and shall be paid to mottgagcr, who may apply the saint to
<br />payment of the installments last due under said natr, and mortgagee is hereby authorized, in the name of the
<br />mortgagor, to execute and dtlivcr valid aoquittanc~ thertai and [e appcai from any such award.
<br />k. The mortgagee shall have the right to inspect the mongaged premises at an}° reasonable time.
<br />1. To comply with the provisions of any lease d this ~lortgagt is on a leasehold. If this 4lortgage is on a
<br />unit in a condominium ar a planned unit dr,riopment, Barrowwcr ,hall perform alt of Borrower's obligations
<br />under the declaration or covenanu orating or governing the candominium or planned uni[ devefopment,the
<br />by-laws attd regtilatioas of the candamin%itm or plaatied unit development, and cotutitucnt documents.
<br />2. Default in any of the covenants or .ronditioas of [his instrument ar of the note or loan ageemrot secured hereby
<br />shall terminate the mortgagor's right to possession, use, and enjoyment of the property, at the option of the
<br />martgaga or assigns (it being agreed that flit mortgagor shall have such right until defatilq, Upon any such
<br />default, the mortgagee shall become the owner of all of the rents and profits aattring after default as security (or
<br />[he itidebtalness secured hereby, with the right to enter upon said property for the purpose of collecting such
<br />renu and profits. This instrummt shall operate as an assignmem of an}' rentals on said property to that extent.
<br />3. If the mortgagor defaults, and faik to make any pa}mrnts when dur or to conform to and comply with any of
<br />the co~itions or agrtanents contained in this mortgage or the notes whi i secures, [hen the entire principal
<br />sum and atcrtred interest shall at once became dur and pa}abet, and drawi~teenpH cent (15.0 us) interest
<br />thtrtafter until paid at the election of the mortgagee; and this mortgage may thereupon be foreclosed immediately
<br />feu the whale of the iildeMtdntss hereby secured, iriduding the cost of extruding the abstract of title from the
<br />dart of this tttortp~e to the time of cornrrteacing such suit.
<br />4. In flit event of a farccicuzue or default as providixl herein, the mortgagee shall at antx be enUdtd to the pos-
<br />snssion. use, atad enjtrgmeni of the real estate aforesaid and to the rent, issues, royahits, and profits thereof,
<br />fregn the scenting of such rights and during the pendency of foreclasurc prat-eedings and such possessions, err.,
<br />slteN n otrtx hr delivered to the mortg+~igct upon rtgircsf, upon failure Sttih dtlivtry of sorb poasessaan may br
<br />eaf'tare+ed by raarftl~, by any appropriau k#al prooatditi~s, including a receiver feu the property.
<br />S. The proetxds of stile sale of laid property >n accordanee with the petcerlirgt paragraphs shall tx applied first to
<br />paY the costs sad ea<pensea of said sale, the ettpeeaes incwred by the mortsaace far *.he purpose of protanrig or
<br />m praptx[y, seoaawgi}r, to faaY else ittdcEuttdnrss ssrurecl herel+y; ane# thuiiiy, to pay any +urplus ar
<br />txceta to the pertrm iu t ~y exuitkd thtmo.
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