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<br />83-0011.20
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<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 addi~ions,
<br />improvemems, or betterments 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 10 cure any default
<br />in the payment of a prior or inferior enGumbrance 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 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,
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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 improvemems 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 notice in writing
<br />to mortgagee, 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 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, all 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,
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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 />improvemems thereon, in good repair, the mortgagee may make such repair.> 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 ,,:cured by the lein of this mongage,
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<br />h, To not voluntarily ,Teate or permtt to he .:reated a!t3l1l,t the propeny ,ubJect to this mortgage an)' lien
<br />or liens infenor to the lien \11 thi, monga~e without wrlllen ,'\,"sent "I' the morlgagee; and futher, that mort-
<br />gagor will keep and mamtain the ,ame free from the daim 01 all pt'l>ons supplymg labor or materials for con-
<br />slruCtlon of any and all buildings or Improvements now bemg ere,;ted or to be erected on said premises.
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<br />i. TO' no( T('nt l.lr asslll-" any part of the rent of ..a.d mortgaged property ('If demolish. or remove. or
<br />,ubstantlally alter any bmlding withoUl the "\'fllten .:onsent of the mongagee,
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<br />j, All awards of damages in ~onn""lIon with an)' _-ondemnation for publk use of or injury to any of the
<br />propeny subject 10 I his mortgage are hereby assigned and ,hall be paid to mortgagee, who may apply the same to
<br />pa)'mcot of the installments last due under said note. and mortgage-e is hereby authorized. in the name of the
<br />mortgagor, to e.\ecute and dcli~er valid a<:qull~ thereof and to appeal from any such award.
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<br />k, The mongagtt ,hall hne the nghl to Impt\:t the mortgaged premises at an\' reasonable lime.
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<br />I. To comply wllh the pronsions of any' leasc If 1111" Mort8llll" " on a leasehold, If Ihis MortNe is on a
<br />unit in a .:ondommium or a planned unll ~\clopment. Borrower ,hall perform all of Borrower's obligations
<br />under the declaration or .:ovenants .:rcalllli or llO\'erntlll lhe .:ondommium or planned unit development,the
<br />by.laws and rqulations of the condomimum Of planned unll development, <lnd .:onslltuent documenu.
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<br />2. Default in any of the covenallls or ,'ondlllons of Ihil Instrument or of the note or loan ageemelll secured hereby
<br />shall lerminate lhe mol18lllOf's riJ,ht to possesslOll. use, and enJO)'melll of the propet'ty, at the option of the
<br />monpgtt or assigns lit beina agreed lhat lhe moflNor shall ha,,'e such riJ,ht until default), Upon any such
<br />default. the mortgagee shall bel.-omC the O"''Der of all of lhe renls and profits aCl."Uring afler default as security for
<br />the illdebtedness SCl."Ured heffby, with the riJ,ht 10 emer upon said property for the purpose of cullectilli 'u,"h
<br />rents and profits, This iDStfU.mellt shall operate as an assignment of an)' rentals on said property to that extent.
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<br />], If the monaaaor ~faults. and falls to make any payments ",hen due or 10 .:onform to and comply with any of
<br />lhe conditions or ~ts contained in tlus mortgage or Ihe notes which it >oecures, then the entire principal
<br />sum and liCC'nIed interest shall at ~ bel.-ome due and payable, and draw _ pet' cenl 1__"" inte,est
<br />lhereaftef until paid at the election of the monaaaee: and this moft8llle may thereupon be foreclosed immediately
<br />f(W the whole of the indebtedness ~y secured, including lhe ':OSI llf extending the abstract of lille from the
<br />date of this rnortp&e 10 the lime of 00lIJIIIeftcin& such SUil,
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<br />4, III the neat of a f~ or default as provtckd here.tn. lhe mortp&ee shall al Oll<'e ~ efttuled to lhe pl.)S.
<br />--. use. and enjoymenl of lhe l'ftI Olale aforesaid and 10 lhe lmt, issues, royallies, and profits lhereof,
<br />ftom the acauina of SUl:h rish'" and dutint t~ penden<-y of foreclosure l'I'ol.'ffdinas and su,h 1'O'"""io"" ~K,
<br />dullllIl _ ~ detilOlnd to the ~ upon reqUC$!, upon failure ,u.:h <leb~ff) of such possession may""
<br />mfCllClld by lDOftIlIIII'IIl, by Ul)' .~ lepI pl'ocecdillll>, Inclllliilli lllCttt'fl lor the property
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<br />~, Tlw ~ of lUll' U 01 $8Iid prttIlft1)' III aa:orclancc Wilh lhe PfC\.,~.,ltng Jlllla,raphs .hall "" arrha! hI\! to
<br />~ 1M I.~ and "J)alSc!l of aid tak, I~ ellpetlC'eli illWl~ by the Inort...<< IOf lhe 1'<1'''''- 01 PfOlC\,'untl ,ll
<br />__'llIIi... said pI'OpI!f1.y, ~, 10 l'il), the I~ _'\Ired heret>,: and lhlrdly, 10 pas lUll surplus Of
<br />_10 me ~ Uf ~ ltpIly mtu!cd lhemo,
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