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<br />83_001966
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<br />d. For beaer .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 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 50; and such advances
<br />shall be<:ome part of the indebtedness secured by this instrument, subject to the same terms and conditions,
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<br />c, The rights created by this conveyance shall remain in full force and effect during any postponement or
<br />extension of lhe time of the payment of the indebtedness evidenced by said promissory note or notes, or any
<br />pan tbereof 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 />polkies and renewals thereof ,hall be held hy mortgagee and have attached thereto loss payable clauses in favor
<br />of and in form accCj)table to the mortgagee, In even! of loss. mortgagor will give immediate notice in writing
<br />ro mortgagee, and mortgagee may make proof of los., If not made promptly by mortgagor, and each insurance
<br />company <XllIcemed " hereby authorin'd and directed to make payment for such loss directly to mortgagee
<br />",w~ad or 10 mangagar and mongagee Jomtly, and the msurance proceeds, or any part thereof, may be applied
<br />bv mt'lrtgil!<e\.' at m "ptlOn cult"r '" the reductioll of ,he mdebtedn~s herebv secured or to the restoration or
<br />repair of the prOpefl\ damaged or dC'!roved. In c\'em of foreclosure of this mortgage, or other transfer of title
<br />to 'aid properlY It. c\!mgul'nmen! ,,( the mdebledness ,ectlred hereby, ,;il right, title. and interest of the
<br />mortga,gQf m and to anv l11:"urancc po!lCU"$ then in ror(.c ...hail paiL' to the purchaser or mortgagee Of. at the
<br />opuon of !he mOnllil!<te, maY he ,mrendcred for it ,dund.
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<br />1>- 1"0 ~eep all bUIldings and other Ilnprovemems on said property 10 good repair and condition; to
<br />permit, commit, Of ",!fer rW Was!e, Impmrmem, JetNIO'atlOn of saId property or any part thereof; in the event
<br />of f~ldur(' of the- mongu.go( to keep the hmidin~s on "'aid p-renuM'S and tho~e erected on .said prem.is-es, or
<br />ImprO\"t'lDCftt'\ thttWfi. In ~t~Jd reran, the mortgagee ma\' make ~uch repain as in its discretion it may deem
<br />nCt."O-~n for the pftJpt"_f prnef\rlth.'m iherft>t; and Ihe full amounf of each and every 'iuch payment shall be
<br />,tUmedt3lt'!v due and pavable; and \:haU t"te ',:{'Cured ~\' !he it"H'l nf rhl": m....rfe~.g:"!'
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<br />1'1- 1 t1 nnf ;,-ohltHan!v (tt".ate tH P<"rmH 10- h-c ..-ff:~\tN a)lilm",-! the propeny .:.ubJ('Ct [0 [his mortgage any lien
<br />qt hens ;nfC1H._).f ,p lt~{' ht'n p! H-w, nh)ftga~e \"ifhn-ut ""nUt"n \'on~t:nt ot the mortgagee; and ruther. that mort~
<br />jZ_agu-f wlH l~r l5f1u m~unUHn lh~ "-J.m~ tr<<, Irom tht" ....tann nt all per:o;otl\ ,upptying labor or matc-rials for con-
<br />"Ulh...onn ~)! ZW\' .!!h.1 ~iH h-w!{!m~n (1[ Hnpf~H-t"nH."1H' !'it)';;' t--c-.n~ ne....ted \if hI be ern-led on ~a.ld premises.
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<br />i (} ao1 re--nt '_H .'i...'~~n .tn)' r:;ut ,,-I ;h-t' tcrH ~lt \-;lid mortltit)tcd property or demolish. or remov~. or
<br />....uhstannai1\: :sht.....r anv hmldm:g WHh'::JUl :he \HtOeO i;,'flH\-ent of the: rnon~agee.
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<br />.i All -awafd~ ,-~t >..tanug,t:\ :n (..)-rUl-c.~th.:m wnh aU\' condemnation for ruhhl,; use of or injury to any of the
<br />property ~uhje-..~'t 10 thl, Iflonpl['" ~uc ne-rt'b)- a~1-tB-ned and ...ha!J be paid to mortgagee~ who may apply the- same [0
<br />payment of the tUM.a1lm('nt~ la~t due under ~atd notC'. and mortg~~ l~ hereby authorized. 1ft the name of the
<br />mortgAJO-f, iO t"-~C'Cui( and dehvn \. ahJ ~t-i:quUtancn there-Of ana to appeal from anj' \uch award.
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<br />~, r~ mongagtt s.-haH have :he nJht to H1Specl lhe mongaged prcmuo at any rt"a~onabie {imC'.
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<br />To ,mnpiy wuh !t,e rrmmom 01 ;HI} tea..: II th1\ Mortgage I,' on a lauehold, If thts Mortpge is on a
<br />\lllll III . (ondommmm or a planned uml clndopmenL Honow"r shall perform all of Borrower's obligation.\
<br />undet the dedaratlon Of ''''~t, nC'lUlnll '" gO'''rt1mg th<' (ondomlntum or planned unit development. the
<br />by',l..ws and rqulatlOns 01 the .:ondomrnlum Of planned unll de\'elopment, and constituent documents,
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<br />Defauit to an\' 1:)<< the cuvenants Of {ondltwn~ iJt thl~ Ht.\trument or of the note or loan ageeme-nt S<<'ured he-r~by
<br />,hall ti.'fminatc [he mortlllllloc', ught te' ~on, use, ~nd cnJoyment of the property, at the option of the
<br />mort!!31ce or "~Slll'" (II betng agreed that the mongagot ,hall have ,ueh flght unul default,), Upon any such
<br />dd..ult, th.. mongagee ,hall be-com" ,he owner of ail of the rem~ and profits accunng after default as s~'l1rity for
<br />[he Indebtedn"" "",ured hereby. "'lIh Ihe nght w enter upon ,aid propert\' (01 th.. purpose of collecung such
<br />renUo and profit,. ThIS lIlStrUmcnt shall operate as an assIgnment of any rentals 1m "lid property [0 that extent,
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<br />If the mortgagor delaults, and faiis to make ..ny r~yment' when due or [0 ,onform to and mmply With any of
<br />lh<' ,otIditions or agr.-emmts \.'onllune<l In lh" mortgage c)1 Ih" notes whic\!. II ",cures. [hen the ('ntire prtnctpal
<br />SIUn and a~rucd tntefC'Jt ,hall at on"" b<>.ct.'ltl<o due ~nd payable, and dra,fo~u.:.:::ef/er "10m 11.:l_d2.... "'..I lIuerest
<br />thereafter until par4 at the dection of tht' mortgagee; and this mortgage may thereupon be foreclosed immediately
<br />rOf' the whok of th<' indebtedness hereby secured, Including !he ':0'[ of extendin!! Ihe a!);tract of t.tle from lhe
<br />dat~ of this tn<lttlllllle to tbe time of commenon!! such SUiL
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<br />4.
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<br />In the event of .. foredowrc: 01' default as pw\'ided her~m, the mOTllllllll:e shall at onr.,-e be enutled to the pos.
<br />~n, U~. and ..nluYlllfllt of the real estllt.. aforesar4 and to !he rent. ISSUes, TOvaltlcs, and proftts lhert'of.
<br />from the llttrtlilll of such flllhts and dllnng th<' pendency of for.xlosure prnceedmg' t<nd \lIch ,10""""""-', etc.,
<br />,!\aU 1I4 0fJ0Il he ddl\'ered to the mortppc upon request, upon fatlure ,uch deli\'ery 01 ,uch pOS~'fOn fila_ be
<br />mfOt<<d by ~ by any approprlllt~ lq;al ptO<.'<<'<.i.ml!S, mdudtng a ,,<.'<--eIVet fN lh<' property,
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<br />TlMl prO<.'ftldt ,..I "II)' .!Jlle "f !i&.J<l pr'operty III a""ordttncc: wilh Ih<' precedmg para~raph., ,hall he ~Pflh"d first '"
<br />PllY ,Ile n~u and ell.Pt'n_ 01 _d ...k, the ext~\l;CJ> >nCUffed by the !tIOftgag.... for th" purpose ,,1 rmt""tlIl11 '"
<br />~1Unf Wlld pHlpefty, 'I<<t>fldly. l() pay the 'ndebtedlleS- ,",ured l""eb,'; <IrJ<l thmih. Ie' pa\' an)' ""rim ,"
<br />el<~_ tn thoe rn_ 'x pol"'"'''' kll'liJy enlttled thCfcto.,
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