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c~3-u~O~r;R.'
<br />d. For 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 />improvements, or betterments made to the property hereinabove described and all property acquired by it after
<br />the dace hereof (all in form satisfactory to martgagee). 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, subjeM 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 6y said promissory note or notes, or any
<br />part thereof secured hereby.
<br />f. Ta 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 shalt 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. [n event of lass, mortgagor will give immediate notice in writing
<br />to mortgagee, and mortgagee may make proof of toss if not made promptly by mortgagor, and each insurance
<br />company concerned is hereby authorized and directed to make payment for such toss directly to mortgagee
<br />instead of to mortgagor and mortgagee jointly, and the insurance proceeds, 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, ail right, title, and interest of the
<br />mortgagor in and [o any insurance policies then in force shall pass to the purchaser or mortgagee or, at the
<br />option of the mortgagee, may be surrendered t'or 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 failure 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 6e secured by the lein of this mortgage.
<br />h. To not voluntarily create or permit to he 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 labor 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 ar demolish, or remove, or
<br />substantially alter any building without the written consent of the mortgagee.
<br />i. All awards of damages in connection with any condemnation for public use of or injury [o any of [he
<br />property subject to this mortgage are hereby assigned and shall be paid ro martgagee, who may apply the same ro
<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 />k. 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 ;tilorigage is on a leasehold. 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 />under the declaration or covenants creating or governing the condominium or planned unit development the
<br />by-laws and regulations of the condominium or planned unit development, and constituent documents.
<br />2. default in any of the covenants or conditions of this instrument or of the note 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 (it being agreed that the mongagor shall have such right until default). Upon any such
<br />default, the mortgagee sha8 become the owner of all of the rents and profits assuring after default as security for
<br />the indebtedness secured hereby, with the right to enter upon said property for the purpose of collecting such
<br />rents and profits This instrument shalt operate as an assignment of any rentals on said property to that extent.
<br />3. if the mortgagor defaults, and fails to make any payment when due or to conform to and comply with any of
<br />the conditions or agreements contained in this mortgage or the notes which it secures then the entire principal
<br />sum and accrued interest shalt at once become due and s i x t t= ~~ (
<br />payable, and draw _ ~ r cent _1.5_g'o) interest
<br />iheteaftc: until paid at the election of the mortgagee; and this mortgage may thereupon be foreclosed immediately
<br />far the whale of the indebtedness hereby secured, including the cast of extending the abstract of title from the
<br />date of this mortgage to the time of commencing such suit.
<br />~. lrs tiffs sver# of a fareclaswe or default as provided herein, the mortgagor sl:all at ante be entitled to the pasta
<br />session, use, and enjoyment of the real estate aforesaid and to the rent, issues, roy°alties, and profits thereof,
<br />Pram the accruing of such rights and during the pendency of foreclosure proceedings and such passessiorts, etc.,
<br />xhall at auce be delivered to the martgagee upon request., upon failure such delivery af' such possession maY be
<br />sufatced by mortgagee, by any appropriate legal proceedings, including a receiver fur the property.
<br />5. The proceeds of any sale of said property in accordance with the preceding paragraphs shall be applied first to
<br />psgr tltc-r:asts and. ettpsrtses of said sale, the expenses ittcyrrsd by the mortgagee far t#re purpose aY protecting ar
<br />ttxaitstastittg said propstty, sc'cairitUy, to pay the irtdebtsdttesx secured hereby; and thirdly, tc7 pay any +ttrptus ~.x
<br />excsas, to the prrsan ar persons legally ctttittsd thst•eta.
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