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<br />83-o01U75
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<br />d, For bener 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 bellerments made to the property hereinabove described and all property 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.
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<br />e, The rights created by this conveyance shall remain in full force and effect riuring 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.
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<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 acceptable to the mortgagee, In event of loss, mortgagor will give immediate notiee in writing
<br />to mortgagee, and mortgagee may make proof of loss if not made promptly hy 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 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 destroved, In event of foreclosure of this mortgage, or other transfer of title
<br />[0 said property in extinguishment of the indebtedness 'ecured hereby, aii right, titie, 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 surre~ldered for a refund,
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<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 be secured by the lein of this mortgage,
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<br />h. To not voluntanly neate or permll to he created agamst the property ,ubject to this mortgage any lien
<br />or liens mfenor to Ihe lien of thIS mortgage wnhout wntten ,'<Josent of Ihe mortgagee; and futher, that mort-
<br />gagor will keep and mamtam 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,
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<br />l. ro not rent or asstgn any part of the rent of saId mortgaged property or demolish, or remove, or
<br />substantially alter any huilding WIthout the wrlllen consent of the mortgagee,
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<br />J, All awards of damages in connecllon with any condemnallon for public use of or injury to any of the
<br />property subject to thl' mortgage are hereby asstgned and shail be paid to mortgagee, who may apply the same to
<br />payment of the installmems last due under said nOl<~, and mortgagee IS hereby authorized, in the name of the
<br />mortgagor, to execute and deliver valid acqUluances thereof and to appeal from any such award,
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<br />k. The mortgagee ,hall have the right to Inspect the mortgaged prenllses at any reasonable time,
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<br />L To comply with the proVISIOns of any lease If this Mortgage is on a leasehold, If this Mortgage is on a
<br />unll m a condominium or a planned unit development, Borrower shall perform all of Borrower's obligations
<br />under the dedarauon or covenants creating or governmg the condominium or planned unit development. the
<br />hy-Iaws and regulations of the condominium or planned unn development, and constituent documents,
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<br />2, Default in any of the CQvenams or conditions of thts mstrument or of the nOle or loan ageemem secured hereby
<br />shall terminate the mortgagor's right to possemon. use, and enjoyment of the property, at the option of the
<br />mortgagee or assigns fit being agreed that the mortgagor shall have such right until defaul;), Upon any such
<br />default, the mortgagee shall become the owner of all of the rents and profits accuring 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 shall operate as an assIgnment of any remals on saId property to that extent.
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<br />3, If the mortgagor defaults, and fails to make any payments when due or to conform to and comply with any of
<br />the conditions Or agreements contained in this mortgage or the notes "hieh it secures, then the enure principal
<br />sum and accrued interest shall at on~'C bC\.-ome due and payable, and draw __ per cent f___~") interest
<br />tber~fter umit paid al the el"'-"'tion 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 />dale of this mortgage to tbe time of commencing ,nc.1> SUIl.
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<br />4. In the "ent of a foreclosure Or default as prOVIded herem, the mortgagee shall al 0'I<'e be enUlled to the pos-
<br />_ion, use. and enjoyment of the real estale aforesaid and to the rent, "SUC>, IOvaltle;, and proflls thereof,
<br />from the acrrUlt\l Qf such rights and during tbe pendrocy of 10f<,<:lo,u<" proceedln!ls and su~h !,<W'e>S1ons, ,'tc..
<br /><lta1I at on<.'e be dclivered to the rnmtgaccoe upon request. upon failure such deliv~ry of ,uch ['<\"""S1011 OlaV b~
<br />t'l\fon:ed by m....rtptft, by any applQpriale legal prO<.'Cedings, indudmg a 't'Cet\"ef tm the I\ropertv
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<br />The 1'11).:-", of any <.ate "I ""id properly ltl ll~"\:mdan~'e wllh lht' f't",:-edtnll pllra!lraph, shall 1,<, applied fiN 1<'
<br />I'll)" the <<"IS all<i t'.lPl"l_ of wd !.ale. the expell<::es Incurred by th~ motlllagee lot Ihe pu,['<"" 01 pwte<'tlllll ,"
<br />mallltllllUt\I ,,,,141 l'fopet1y, \<<tlndl)', to pay th" IIwt'blednes< .,('Cured ht're!ll; .1Ild I hllch' , ", pa\ all\ \lllt'lus .'1
<br />'''~eot, !Ollle per"-'ll '" p.'nt>>l\ i<pli)' enlltled t herC'to
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