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<br />d;-For beater,security of the indebtedness hereby secured, upon the request of the mortgagee, its successors
<br />or assigns, "mortgagbr 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 date hereof (all in form satisfactory to mortgagee}. Futhermore, should mortgagor fail to cure any_defaul#'
<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 sack-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 the 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 amotmts as the.mortgagee,'
<br />may from time to time require. on the improvements now or hereafter on-said property, and wilFpaypromp[ly
<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 direMly 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.
<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 />necessazy 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 lean of this mortgage.
<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 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 prem,
<br />i. To not rent or assign any part of the rent of said mortgaged property or demolish, or remove, or
<br />substantially alter any building without the written consent of the mortgagee.
<br />j. All awards of damages in connection with any condemnation for public use of or injury to any of the
<br />property subject to this mortgage are hereby assigned and shall be paid to mortgagee, who may apply the same to
<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 Mortgage is on a leasehold. [f 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, a[ the option of the
<br />mortgagee or assigns (it being agreed that the mortgagor shall have such- right until default). Upon any such
<br />default, the mortgagee shall become the owner of all of the rents and profits assuring after default as security for
<br />the indehtedness secured hereby, with the right [a enter upon said prdperty.for the purpose of collecting such
<br />rents and profits. This instrument shall operate as an assignment of any rentals on said property to that extent.
<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 comained in this mortgage or the notes which it secures, then the entire principal
<br />sum and accrued interest shall at once became due and payable, and drawfom~t}~r r cent (14•~vTo) interest
<br />thereafter, until-paid at the election 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 />date of Phis mortgage to the time of commencing such suit.
<br />4. In the eysat of a foreclosure-oc default as provided herein, the mortgagee shall at once be entitled to the pos-
<br />e session, use, and enjoyment of the real estate aforesaid and to the rent, issues, royalties, and profits thereof,
<br />from the accruing of such rights and during the pendency of foreclosure proceedings and such possessions, etc.,
<br />shall a# once br delivered to-thx martgagee.upan request, upon failure such delivery. of such possession may be
<br />enforred.by mcrtgagee, by any appropriate legal proceedings, including a receiver foe the property.
<br />5, Thq proceeds of any sale of said property in accordance with the .preceding paragraphs shat! be applied first to
<br />pay the costs and expenses of said sale. the expensesincurigd by the mortgagee for the purpose of protecting or
<br />rgaintaining.said property, secondly, to-pay the indebtedness secured hereby; and thirdty, to pay any surplus or
<br />exa.~ss tea the ptrstsn or persons legally entltied thereto.
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