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<br />F33-- UQ089'~
<br />Said promissory noxe was given to secure a loan in which the Small Business Administration, an agency of the
<br />United Sea/es of America, has participated. In compliance with section 101.1 (d) of the Rules and Regulations of
<br />the Str~A Bltsinese Administration [13 C.F.R. 101.1 (d) [, dtis instrument is to be construed and enforced in accord-
<br />attce with applicable Federal law.
<br />1. The mortgagor covenants and agrees as follows:
<br />s. He will promptly pay the indebtedness evidenced by said promissory note at the times and in the
<br />maltase therein provided.
<br />b. He-will pay all taxes, assessments, water rates, and other governmental or m;;:.:cipai charges, fines, or
<br />impoeitiorls, for which provision has not been made hereinbefare, and will promptly deliver the official receipts
<br />therefor to the said mortgage.
<br />t. He will pap such ezpenaes and fees as may be incurred in the protection and maintenance of said
<br />property, including else fees of any attorney employed by the mortgagee for the collection of any or all of
<br />the indebtedness hereby secured, or foreclosure by mortgagee's sale, or court proceedings, or in any other
<br />litigation or proceeding affeeting said property. Attorneys' fees reasonahh' incurred in am other way shall he
<br />paid by the mortgagor.
<br />d. For better security of the indebtedness herehc secured, upnu the r,•tlurst of the mortgagee, its
<br />aIICCeaaOr's Or aS3lgns, he Ehall eXPCllIe and (tali\'er a +upplemenlal nlortt!a L'r or Mortt!age6 COyer1R~ an\'
<br />additions, improvements, or belterntPtttS made to the proprrtc hcrcsnabuvr desenbed and all propert\
<br />acquired by it after the ,late hereof i all in form satisfactory to mortgagee ~. ~ urthenuore,sbould mortgaKor
<br />fail to cure env default in the payment oC a prior or inferior encumbraner on the prupertc described b\•
<br />this instrument, mortgagor hereby agrees to garnets mortgagee to cure u:eh defauh. but mortgagee is not
<br />obligated to do so: and such advances shall become part of the indehtrdnrs< =roared by this instnnaen4
<br />subject to the same terms and conditions.
<br />e. The rights created by this conveyance shall cantata is full facer .uui r[frct durutg au\ purlpuucwrnt
<br />or extension of the time of the payment of the indeh[edness evidenced b\ >aul promisson note or an\ part
<br />thereof secured hereby.
<br />J. He will continuously maintain hazard insurance, of ouch type or types and in each amounts as the
<br />mortgagee may from time to time require ou the uupn,\rn+rnb no» or 6ereaftrr ++u maid propcrt\, ,unl
<br />will pay promptly when due any premiums therefor. Aft insurance shall be carried in companies acceptable
<br />to mortgagee and the pulicien and renewals thereof shall be held by atortgagee and have attached thereto
<br />lwa payable clauses in favor of and in form acceptable to the mortgagee. In event of loss, mortgagor will give
<br />immediate notice in writing to mortgagee, and mortgagee may make proof of loan if not made promptly by
<br />mortgagor, and each insurance company concerned is hereby authorized and directed to make payment lot such
<br />Sues directly to mortgagee instead of to mortgagor and mortgagee jointly, and the insurance proceeds, or any
<br />part thereof, may be applied by mortgagee at its option either to the reduction of the indebtedness hereby
<br />secured or [e the restoration oe repair of the property damaged or destroyed. In event of ioreclnsure of this
<br />mortgage, or other transfer o€ title to said proper[. irs extinguishment of the indebtedness secured hereby, all
<br />right, title, and interest of the mortgagor in and to anc insurance policies then in force shall pass to the
<br />purchaser ur tnortgegrr or, at die option of the n+urtgagrr, ^+s\ hr surr.•ndrrrd fur a re(uud.
<br />g. He will keep all buildings and other unpru\,•nieiet- uu >afd pruprrl\ iu ;;uud repair uud cunditim+:
<br />will pennil, commit, ur .offer no wear, itupairntet+t, deteriuratimt ul said pruprrl\ ur an\ part thereof;
<br />in ebe event of Iailurr of the mortgagor to keep the building. ou paid prcuu>r. amt t6o.r errclrJ un said
<br />premises, or improvemwus Iherrwt, in }uud repair, for nwrtg,agre may u+akr ~ur6 repairs a> in its discretion
<br />it may deem necrssan tut the proper preservatiml thereof: and the full anwunt of each amt even snc6
<br />payment shall he inunerliateh' dise and payable: and shall he secured by the lien of this mortgage.
<br />h, He will not voluntarily create or permit to be creatrd agairlet the property subject to this mortgage any
<br />lien or liens inferior or superior to the lien of [his mortgage without dle written consent of the mortgagee; and
<br />further, that he will keep and mauitaiu the >auic lzee Irum ihr ciaun +d alt pcr.•uue ~uppl\ing labor ui
<br />materials for cmtstruction ui env and ell buildings or iatpruven+rnt> uu» heu+g en•ctrd or In he rrcNe+l uu
<br />said premises.
<br />i. He will not rent ur assign any part of the rent of said mortgaged propert\ or demolish, ur reniu\c,
<br />or substantially alter env building wi4iout the wnttrn conaeut of the n+ortga4e.•.
<br />j. Alf awards oI damages in corutectiun wftlt auy comlenu+atiun fur public u.e u( ur iujun t+. any of the
<br />property sobjtct to this mortgage are hereby assigned and shall be paid to mortgagee, who may apply the
<br />same to payllirnt u( ells installntrnis lea der under said note, and mortgagee i, hereb\ authorised, in the
<br />name of the uwrtgagur, to execute and deliver .alt+l acquittance. thereof and d, .appeal fnuu au\ sorb a»anl.
<br />!;. l'hr mortgagoe sl+all have the right to in.peet the u,+\rtgr Krd preun~e• at .u,\ rra•ouablr erne.
<br />2. C1Mefauh in any of the eovrnante or conditions of this instrument ur of the ante or loan agreement secured
<br />hereb7r chaff terminate the mortgagor's right to posaestion, ear, and enjoyment u( the property, at the option of the
<br />mtmgagee or hit asuEns tit being agreed that ihr mortgagor shall have such right until default). Upon any such
<br />default, the nlortgagre shall become the owner ai all of the rerun and profits accruing aher default as security
<br />for the indtbtedrxaa assured hrre$y, with the rittbt to enter upon said property fur the purpose of collecting such
<br />rents and pruftta. Thin iruxrumcnt shalt oparatR u ear aasiRomen[ of any rentals un arid property to that extent.
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