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<br />Said promissory note was given to secure a loan in which the Small Buaioess Administration, an agency of the
<br />United Stater of Amerfea, has participated. In compliance with section 101.1(d) of the Rules and Regulations of
<br />the Small Bnrineas Administration [13 C.F.R. 101.1(d) ], this instrument is to be construed and enforced in ac~ord-
<br />ante with applicable Federal law.
<br />1. The mortgagor covenants and agrees as follows:
<br />a. He will promptly pay the indebtednear evidenced by ofd promissory note of the- titteies>and in-the
<br />manner thertto provided.
<br />b. He will pay all taxes, assetwnents, water rates, and other governmenul ar ttt::y:¢jPaj char6ear 6nM orc
<br />impoaitiotu, [or which provision has not been made hcteinhelorq and will promptly deliver the ol6cial rei>eipu
<br />therefor to the said mortgages.
<br />e. He will pay ouch expenses and fees as may be incurred in the protection and maintetttmoe oI'aaid
<br />property, including the fees of any attorney employed by the mortgagee for the collection o[ any-or a14>o[
<br />the indebtedness hereby secured, or foreclosure by mortgagee's sale, or court proceedings, or in any other
<br />litigation or proceeding affecting raid property. Attorneys' [ee„s reaaonahly incurred in anv otherwav shall-ire
<br />paid by the mortgaaor.
<br />d. For Ixtter security of the indebtedness hereby secured, upm; the reyurst of the mortgagee, its
<br />successors or assigns, he shall execute noel deliver a supplemental murtKage or mortgages covering- anv
<br />additions, improvements, or betterments made to the property hrreinabove described and all property
<br />acquired by it after the date hereof ~ all in form satisfactory lu mortgagee 1. Furthermore, should mortgagor
<br />fail to cure any default in the payment of a prior nr inferior enctrmbrauce on the property described by
<br />this inetrunrent. mortgagor hereby agrees to permit mortgagee to rare sur6 default, but mortgagee is not
<br />obligated to do so: and such advances shall become part of the indebtedness secured by this instrument,
<br />subject to the same terms noel conditions.
<br />r. The rights created by this comeyanee shall remain in full three and slicer duriuF nut pustpunrutrut
<br />or extension of the lime of the payment of the indrMednrss rvidenrrd bt -aid promissory m,te or any earl
<br />thereof secured herebc.
<br />J. He will continuously maintain hazard insurance, of such type or types and in each amounts ae the
<br />mortgagee way from time to time require can the imprrvemento now car hrrea[ter can said prnprrty, :md
<br />will pay promptly when due any premiums therefor. A11 insurance shall be carried in companies acceptable
<br />to mortgagee and the policies and renewals thereof shall be held by mortgagee and have attached thereto
<br />lose payable clauses in favor of and in form acceptable to the mortgagee. In event of loss, mortgagor will give
<br />immediate notice in writing to mortgagee, and mortgagee may make proof of loss if not made promptly by
<br />mortgagor, and each insurance company concerned is hereby authorized and directed [o make payment fot meh
<br />loss directly to mortgagee instead of to mortgagor and mortgagee jointly, and the insurance proceeds, or any
<br />part thereof, may 6e applied by mortgagee at its option either to the reduction of the indebtedness hereby
<br />secured mr to the restoration or repair of the property damaged or destroyed. In event of foreclosure of this
<br />mortgage, or other transfer of title to said property in extinguishment of the indebtedness secured hereby, all
<br />right, title, sod interest of the mnngagor in and to anv insurance policies then in force shall pass to [he
<br />purchaser or mortgagee oq at tlrr optoa+ of the ^+urtgagre, met br sorr.•udrrad for a refund.
<br />g. He will keep all buildings amI other improten+eats om raid proprrt~ in guuJ repair and condition;
<br />will permit, commit, or suffer no waste. impairment deterioration of raid property or amy part thereof;
<br />in the event of failure of tl+e mortgagor to keep the buihliny[s ou said premises and those erected on said
<br />premises, or improvements thereon, in goad repair. the mortgagee may make .;cash repairs as in its discretion
<br />it may deem neeeasar} (or the proper preservation thereof; and the full amount of each and evert such
<br />payment shall be immediah•k due and payable: and shall he secured bt the lien of this ours gage,
<br />h. He will not volumtarily create or permit to be created against the property subject to this mortgage an}'
<br />lien or liens inferior or superior to the lien of this mortgage without the written consent of the mortgagee; and
<br />(urthrr, that he will keep and maiutau+ the :-sore tree from the claim cat all porsuns supphing labw~ or
<br />materials for construction of any and all buildings or in+pro •.em,~nt,. now brink ,•rretwrl or to he erected m+
<br />said premises.
<br />i. He will not rent car assign any part of the rent u[ said mortgagod pn,prrtt car demolish, car reux,r e.
<br />or substantialh~ alter anv building witbow the written consent of ;he nu,rtgager.
<br />j. All awards of damages in conuecliun with any coudewnaltm+ Ior puhiir a-~ of car injury +u m+t of the
<br />property subject to this mortgage are hereby assigned acid shall be paid to ntortga.gre, who may apply the
<br />,ame to paruu>nt of the installmtruis last due under said note, and rnortgager rs herebc authorised, in the
<br />name mf the mortgagor, to execute and deliver taGd aeyuittan•P~ thereof anJ t., appeal Frnm .rut Kuck atcanl.
<br />k. The mortgagee sha^ have the right tr ins pest Ihr nu+rl~a Fed premise-.:r a,et reasonable cacao-.
<br />+ 2. Default is my of the rovrnants or conditinna of thin instrument or of the note or Loan agreement secured
<br />I{~ ~rerby alwll tsrmirrate the mortgagor's right to possession, oar, and enjoyment of the property, at the option of the
<br />' mortgagee nr his assigns fit being agreed that the mortgagor shat have such eight until defau:t)_ upon any such
<br />drfauh, the marigager shall bernmr the owner of all o[ the rents and profits acenring after drfauh as srcuritt
<br />for the indrb[rdnees secured hereby, with the riaht to enter upon acid property for the. purpose of roikrting such
<br />rents and prufrts, Thin inatrumrnl shall operate as an asrignmant o[ any rentals on said prnprrty ro that extent.
<br />erA v{ -tar rza tt•7 t,
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