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<br />83-4.)01972
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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 />improvemen'ts, or betterments made to the property hereinabove descrihed 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 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 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 mongagee and have attached thereto loss payable clauses in favor
<br />of and in form acceptable [0 the mortgagee, In eveD! of loss, mortgagor will give immediate notice in writing
<br />to mortgagee, and mortgagee may make proof of loss if nOl 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 se<.-ured or to the restoration or
<br />repair of tile property damaged or destroyed. In event of foredo<ure of this mortgage, or other transfer of title
<br />to said property in extinguishmem of the indebledness secured hereby, all right, title, and interest of the
<br />mortgagor III and 10 any insurance polide; then in force shall pass to the purchaser or mortgagee or, at the
<br />option of the mOrtllallte, 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, ~ommit. or suffer no waste, impairment, detenoration of said property or any part thereof; in the eV'ent
<br />..:.:- fa;:"!;: ,;; ~:-n: JlI,~j;~~v, iu ..ccp lne TJUliciing.$ on said preffilSe5 ana tnose erecteO on saie premises~ or
<br />improvements thereon. in good repair, rhe 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 />immediatdy due and payable; and shall be secured by rile lein of this mortgage,
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<br />h. fo nol 'olumanly neate or permn ro he created ,lgalllst the property subject to Ihis mortgage any lien
<br />or he-nJiJ mf{"rH.\f to (he hen of thl~ mortgage wuhoHt wnHen ...-onscnr \.if [he' mortgagee; and futher, that mort~
<br />gallor w,lI .""P and ma.mam rhe ,ame fret' lrom the daml of all l:>erS<>DS supplying labor or materials for con-
<br />...tn!\,~uon of any and aU hutidln~!;c or Improvt.'ment" HO\\; ht.!mg ere('tc.u or to be- erected on s.aid premises.
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<br />L To not fe-fit I')f assIgn any part of the f('nt ,~,f ,aid. mortgaged property or detnolish. or remove. Of
<br />substanuaUy aH~r Jny building wtthout the \'tonti-cn ...:(mM~nt of the tnortRag.ee.
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<br />J- All award, "f dafllage~ m C(mnccllon w'th any condemnation for public use of or injury to any of the
<br />property SUb,le<:1 to Ih..s mortgage are hereby ,t>>lgned and sball be paId to mortgagee, who may apply the same to
<br />payment of the .lIlstallmenH lasl due under 'iild note. and mortgagee IS hereby authorized, in the name of the
<br />mortgagor. to execute and dellver valid a~qulttances therr'of and 10 appeal from any sucb award,
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<br />k. The mortgag.... ~hall ha,e the "gluto inspect the mortgaged premises at any reasonable time.
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<br />I. To comply wilh the provlSiotl.s of an)' le",e If !lllS Mortgage lS on a leasehold, If this Mortgage is on a
<br />unit in a condonunium or " planned unn development, Horrower shall perform all of Borrower's obligations
<br />under the declaration or covenants "atmg or governing tile condomInium or planned unit development. the
<br />by,lav..s and resulauons of th<: condominium or planned unn development, and constituent documents,
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<br />2, Default in any of the c'Ovenanu or conditiom of th.s instrument or of the note or loan ageemem seeured hereby
<br />shall termmate the mortgagor's righl to posses.Slon, use, and enjOyment of the property, at the option of the
<br />rnorrpgee or assigns fit being agreed that the mortgagor ,hall lia"" ,uch right until default), Upon any sucll
<br />default, the mongag<< shall becotM tm: own<< of all of the rents and profits accuring after default as seeurity for
<br />tbe indebtedness secured hereby, with tbe right to enter upon ,aid property for the purpose of coUeeting such
<br />rents and profit~, This instrument shall operate as an assIgnment of any rentals on said property to that extent.
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<br />3, If the mortgagor defaults, and fails to make any payment' when due or to conform to and comply with any of
<br />tm: conditions or agreements c'Ontained in this mortgage or the notes which it secures. then tile emire principal
<br /><Urn and accrued interest shall alone" become dur and pa)'able, and draw ._ per cent f_ "'oj interc:st
<br />thereaft", until paid at the election of the mortgagee; and this mortgage may thereupon he foreclosed immediately
<br />for the whole of the indebtedness hc:reby se<.-ured, ineludinl' the <:OSI of ext"nding the abstra<7t of title from the
<br />da~ of this mortgage to the time of commencing such suit.
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<br />4, III the _t of a forcdosvre or default as provided herein, the mortgagee shall at nnce be emitled to rhe po.,.
<br />_ion. u.w, and conjoym;,nt of the rcoal estAte aforesaid and to the rent. issues, royalties, and profits ther"nf,
<br />from the at."CtUin& of suclt ripu and durina tile pendency of fotcoclosure proceedings and such posses.sions, etc"
<br />~hall.l _ b;, ddlvered to tM mortsa&ee upon request, upon failure such delivery of such pos,;nsiotl may be
<br />contOrced by mort~. l>)' an)' llpproprtiUe Ic:pl prlX:eedinas. including a receiver for th" property.
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<br />S. The ~ l'f any """ of 'laid property in llc<:ordanee with the prC\;romg paragraphs shall be applied first In
<br />llllylbt cO$,U and exjlellSeS of ....id >ak. the e:rtpellCeS incurred by Ihe lDortl!~ for the purpose of protectlnll or
<br />~llJ ~ prop;,rty, ~ndly. 10 pay tM indebtrones.s _ured Ite",l>y; and tlllrdl)', to pas ilny surplus or
<br />ex_ to 100 pcr_ or pl:n0ll$ legally cntittm theoret.",
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