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<br />83- 001311
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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 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 default
<br />in the paymemof a prior or inferior encumbrance on the property described by this instrument, mongagorhere-
<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 />elltension 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 infavor
<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.beapplied
<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 othertransfi!r.oftitle
<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 />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 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 premises.
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<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 wriuen consent of the mortgagee,
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<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 acqniuances thereof and to appeal from any such award.
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<br />k, The mortgagee shall have the right to inspect the mortgaged premises at any reasonable time,
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<br />I. To comply with the provisions of any lease if this Mortgage is on a leasehold. If this Mortgage isona
<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.
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<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 properlY, at 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 becom'e the owner of all of the rents and profits accuring after default as security for
<br />the indebtedness sewred 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 orany rentals on said property to that .extent,
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<br />), If~. mortgagor defaults, and fails to make any payments when due or 10 conform to and comply with any of
<br />the.fundltionsor agreements contained in this mortgage or the notes which it SCl:ures, then the entire principal
<br />SUlllaJld accrued interest shall at once become due and payable, and drawF~'PQr cent <---!1-. "It) interest
<br />t!\llteart~until paid at the election of the mortgagee; and this mortgage may thereupon be forCl:lo.sed immediately
<br />IW: mt ~Ie;of the Indebtedness hereby secured, including the cost of extending the abstract of title from the
<br />date of this mortgage to the time. of commencing such suit,
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<br />4, Ill~ClYl!ffi' or aforeq~Ure or defAlllt as provided herein, the mortgagee shall at once be entitled to the pas-
<br />~ ~.ll!Ulenjoyment of the real estate aforesaid and to the rent, issues, royalties, and profits thereof,
<br />f~tbe~ ofsuehriihuandduriDi the pendency of fort!:losure proceedings and such possessions, etc.,
<br />~rat~lle deUVCf\\(jto the .mortmeo upon request, upon Jailuresucb delivery of such possession may be
<br />1!1(~~~ b)'..l1lYapproprillte leaa1Pl'oceedill,8$.lncluding a receiver for the property,
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<br />$. 1be.~; of UlY $ak. otsaid.property in accordance witlt lhe preceding paragraphs shail. be applied first 10
<br />~;.'~.;.~.ltlIi..~o.fAid~. theexpe_ incurred by lhe.mortga&ee.for the purpose. of prolectifl8 or
<br />~_~)',Hl:OndIy..topaytht i~I\C$S$MJredhereby; and thirdly, to pay liny surplus or
<br />~:WtM~or.~ \esl\I!y~~ thereto;
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