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<br />83-0012:;',1
<br />d, For beuer security of the indebtedness hereby secured, upon the request of the mortgagee, its successors
<br />or assigns, mQrtgagorsnall-execute and deliver a supplemental mortgage or mortgages covering any additi.ons,
<br />improvements, or betterments made to the property hereinabove described and all property acquired by it after
<br />the date hereof (a/l 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 />5ilaU become part of the indebtedness -secured by this ina-trurnent, subjet;i to the same refIllS 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 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, I n 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 indebtednes.. hereb~' 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 >t'<:ured hereb~', 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 />pennit, 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 />immedialely due and payable; and shall be secured b\' the lein of this mortgage.
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<br />h. To nOI \olumanly neate or permit to be crealed a!lamst the propert\' subject to this mortgage any lien
<br />or liens mferior tll the lien of this monga!!e without wrlllen 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 malerials for con-
<br />struction of any and alllluildings or impro\'emems now bemg ere.:ted or to be ere<:ted on ,aid premise;,
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<br />i, To nOl rem or assign any part of Ihe rent l'f said mortgaged property l'r demolish, or remove, or
<br />subslantially alter any building without the wrillen consenl of Ihe mortll'agee,
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<br />j. All a"''llJ'ds 01 damages in conneclion wllh any condemnalion for public uS<: of or injury to any of Ihe
<br />property subject to Ihis mongage are hereby assigned and shall be paid 10 mortgagee. who may apply the same 10
<br />paymenl oi the inslallments last d~ under said nOle. and mongagee is hereby authorized. in the name of the
<br />mortgagor, to "xecule and ddi\-cr \'alid a~'Quillances thereof and 10 appeal from lIIlY such award.
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<br />k, The mortgagee shall have Ihe righllo imra:t tbe mortgaged prenllses at any reasonable time,
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<br />l. To comply wilh Ihe provisions of any iease If this MOIIJll&C " un a leasehold, If Ihis MOllgage is on a
<br />unit m a ...ondominium or a planned unil de\'e1opment, Borrml.er shall perform all of Borrower's obligalions
<br />under lhe dedlmItion Ot .;ovenant.> ...reatina l,r governllltt lbe condomimum or planned unil developmenl.lhe
<br />bY-&.W5 and reaulations of lhe condominium or l'lanned unil developmenl, and constiluent documents,
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<br />2, Defaull in any of Ihe covenants or .:anditions Qf this Instrument or of Ihe nOle or loan ageement secured hereby
<br />shall lerminate the mort8QQl"S riabl 10 ~ use, and enJoymenl of the propeny. at the option of the
<br />I1lOI1IIIaCC or assips (il beina agreed lhat lhe mortgagor shall have such right until default). Upon any sllch
<br />default. the mortaaaee shall become the Qwner of all of Ihe rents and l'rofits accuring after default as securilY for
<br />the indebtedness secured hereby, with lhe righl to enter upon said l'ropeny for the purpose of l'Dllectilltt such
<br />rents and pfOfi:s, This insuument shall operate as 1IIl assignmc:nl of any rentals on said properly to Ihat extent.
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<br />), If the mortp&Or defaults. and fails 10 make any paymenls when due or 10 <'Dnform to and comply wilh any of
<br />lhe COlIditions Of ~'CC1llenls COllWned in this mongaae or the notes whic~~ lt~l.Cff then the enlire principal
<br />sum ancl aa:rucd mterest shall at 011<<' be;,:olllC due and payable. and dnlw __ per ceDI (J.L"'o) mteresl
<br />tberaft. until paid .llhe election of the 1llOltpⅇ ancl this mongaae may thereupon be foreclosed immedialely
<br />for the whoIc: of the indebtedness hereby s<<ured. includil1tl Ihe <<ISI of extending the abslracl of tille from Ihe
<br />date of lhis morlp&C 10 lhe lime of l-ommencin& su.:h suil,
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<br />... III the _ of . fOlel:loluR Of default as provided hemo. lhe mortpjee shall at 011\.--;: be enlitled 10 Ihe p.,>s-
<br />saaloa. use. and enjOymall of the real estllle aforCllaid and 10 the rent. issues, royalties, and profits lhereof.
<br />f~ lileac:cruina of su.:h ri&ll15 and durina the pendency of rorcdosure I'rOl.-eedinas and ,uch pmsesslons, ~l\'"
<br />shall III _ be delivered to the m~ upon requCSl, upon failure such delivery of such possession may be
<br />~b,~. by &II) lIJlPfO(ll'iatc Icpl pr~ill&$. includint a rc..-eiver rOt Ihe ptopeny,
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<br />5. Tlle ~ of any We of said property in a<<Of~ ",ilh lhe pre..~illll parqraphs ,hall be appli~ first (0
<br />~ the _ and ~ of $aiel .. lbe ~ incurred by 1M morlJl&8ee for the putJ'OS( llf I'TOtC\'linl! m
<br />~"r, $aiel propeny,>econdb. to pay lbe iodebt~ liCCUred hereby; and thirdly, III pay any ,urplu, llr
<br />-__ 10 lbe \l!L!tWA Of ~ lqally elI\uled lhento,
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