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<br />83--tJ043~E
<br />d. For better security of the indebtedness hereby secured, upon the request of the mortgagee, its successors
<br />or assigns, mortgagor shaft-execute and deliver a supplemental mottgage or mortgages covering any additions,
<br />improvements, or betterments made to the property hereinabove described and alt progeny acquired 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 remain in full force and effect during any postponement or
<br />extension of #fie 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 there€or. All insurance shall be carried in companies acceptable to mortgagee and the
<br />polices and renewals thereof shall be held by mortgagee and have attached thereto loss payable clauses in favor
<br />of and in form acceptable io the mortgagee. In went of loss, mortgagor will give immediate notice in writing
<br />to mottgagee, and mortgagee may make proof of loss 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 mortgagee jointly, and the insurance pro~~eeds, or any putt thereof, may be applied
<br />by mottgagee 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 progeny in extinguishment of the indebtedness set:ured hereby, ail 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, dettrioration of said property or any part thereof; in the event
<br />of failure of the mortgagor to keep the buildings on said premises and [hose 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 tht 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 Lein of this mongage.
<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 w•tthout ~rittrn ~~onsent of the mortgagee; and fs!ther, that mort-
<br />gagor will kcep and maintain tht same fret from the claim of all persons supplying lobar or materiafs for con-
<br />struction of any and all buildings or improvements now being erected ar to be erected on said premises.
<br />i. To not rent or assign any part of the rent of said mortgaged properly or demolish, or remove, or
<br />substantially alter any building without the written cansem of the mortgagee.
<br />j. All awards of damages in connection with any condemnation for pubhc use of ar injury to any of the
<br />ptnpetty subject to this mongage are hereby assigned and shall be paid to mortgagee, who may apply the same to
<br />payment of the installments last due under said nee, and mortgagee is hereby authorized, in the name of the
<br />mortgagor, to execute and deliver vafid acquit[am-es thereof and to appeal from any such award.
<br />k. The mongagee shalt have the right to inspect the mortgaged premises at any reasonable time.
<br />1. To comply with the provisions of any lease it this Mottgage is an a leasehold. !f this Mortgage is on a
<br />unit in a rnndominitrm or a planned unit deveinptnem, Burrower shall perform all of Borrower's nbhgations
<br />under the declaration ar rovettants crafting or governing the condominium or planned unit developmrnt,the
<br />by-laws atxi regulations of the condominium ~u planned unit developtttrnt, attd cronstiturnt documents.
<br />2, Dtfault in any oC the coverfants or conditions of this instrument car of the note or loan ageemrnt secured hereby
<br />shall terminate the mortgagor's right to possession, use, and rajoymrnt of the propttty, at the aptioa of the
<br />mortgages or assigoa lit being agreed that the mortgagor shall have such tight until default). Upon any such
<br />default, the rnortgagte shall ba-ome the owner of all of the rrnts and profits accuring after default as security for
<br />the indebtedness secured hereby, with the right to enter upon said property for the purp~e of collecting such
<br />rents and profiu. This instruttt4mt shah operate as as assigtttnent of any rentals on said Property to that exunt.
<br />3. If the mortgagor defaults, atxl fails to mate any paytnrnts whrn dun ar to conform to and comply with any of
<br />the conditions or agreements oontaiarod in this mortgage ar the notes which it secures, then the entire principal
<br />sum and acauerl interest shall at ancr become due and payabk, and ~~ifteenpa ant ( 15_ oyt~) interest
<br />thtasafttr tttttil paid a! the ekctitfn of the mortgagee; and this mortgage may thereupon be fore~oscd immediately
<br />fm the wbok of the ietdelmdtress hereby secured, including the cost of extending the abstract of title from the
<br />cute ~ this tttmtgage to tits tittle of cromertsrtcing sttdt suit.
<br />4. fn the even of a farodoarre ~ dtdiuit as provided herein, the mmtgttgoe shall at Dose be rntitled to the pos•
<br />session; _ttve, and ettlayment of the raft cstttte aforesaid attti to the rent, issues, royalties, and profits thereof,
<br />from the acrntiag of such tights and daring the pendHtcy of farrcclosure prcxecdittgs and such possessions, etc.,
<br />sba#1 u oast be de6vt:rtd to the mertgttgas uptm teQttaat, upon failure such delivery of such possession may be
<br />t~f'txCtt$ lty ~ by any apxtiate legal ptraoaedings, induding a reeeiver for the property.
<br />~. The praeettdwt of any fak of said ptr in acctadaaar with the preceding paragraphs shall be applied first to
<br />pyr llfe coats atfd eat of oak, the expo ineurred by life nfortgagte for the purpose of protecting or
<br />a3Md pF+01¢t?[t1L ditr, to pity the ~ 3tcttmd hertby; sad thirdtr•, to pay any surplus or
<br />attt:+~t to the lverstarc os petu~ k~cily etftitlrnd thereto.
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