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<br />83- \)u2548
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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 ~~nt of.a prior or inferior encumbrance on the property described by this iI'~trument, 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 mortgagee and have attached thereto loss payable clauses in favor
<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 be applied
<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 other transfer of title
<br />to said property in cXlinguishmem of the indebtedness secured hereby. all right. title. and interest of the
<br />mortgagor in and to anv 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 propeny in good repair and condition; to
<br />permit. commit. or ,uffer no waste, impairment. deterioration of ,aid propeny or any pan thereof; in the event
<br />of failure of the mortgagor [0 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 prtservation thereof; and Ihe 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 (Jf rermn to be created agamst the property sub.iect to this mongage any lien
<br />or hen... inferior [0 the lien of this mortgage Without WTItten consent of the mortgagee; and futher. that mort-
<br />gagor will keep and maintain the ,ame free from the claim of all persons supplying labor or materials for con-
<br />struction of any and all hUlldings or improvements now ht-mg erected or to be erected un said premises.
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<br />l. To not rent or aSSIgn any pan of the rent c'l ,aid mortgaged property or demolish, or remove. or
<br />substantially alter any hullding withOllt the wriuen consent of the mortgagee.
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<br />j. All awards of damage:> m conn<<tion wlIh any .:ondemnation for pubhc use of or injury to any of the
<br />property subject to {hi, mortgage arc hereby as"gned and shall ~ paid to mortgagee, who may apply the same to
<br />payment of the in,mdlmenlS la>t due under >aId note. and mortgagee is hereby authorized. in the name of the
<br />mortgagor. 10 execute and deliver valid acquittancfi thereof and to appeal from any ,uch award,
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<br />k. The mortgagee shall have the fight 10 inspect the mortgaged premise; at any reasonable time.
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<br />I. To .:omply With the proVISion. of any lease If thIS Mortgage IS on a leasehold. I f this Mortgage is on a
<br />unit in a condominium or a planned Ulllt developmem. Borrower ,hall perform all of Borrower's obligations
<br />under the declaration or .:ovenant' creating or governing the condominium or planned unit development. the
<br />by-laws and reaulations of the condominium or planned unit development, and constituent documents.
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<br />2. Default in any of the C(lVenants or conditions of this mstrumem or of the note or loan ageement secured hereby
<br />shall terminate the mortgagor's right to possession, use. and enjoyment of the property. at the option of the
<br />moI'tgqec Of assigns (it being agreed that the mortgagor ,hall have such right until default). Upon any such
<br />default. the mortgagee shall bewnie the owner of all of the rents and profits accuring after default as security for
<br />the indebtedness _ured hereby, with the right to emer upon said property for the purpose of collecting such
<br />rents and profits. This inslrument shall operate as an assignment of any rentals on said property to that extent.
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<br />3. If the moI'tllll&or defaults. and fail, to make any payments when due or to conform to and comply with any of
<br />the ct)nditions or agreements contained in this mortgage or the notes which it secures, then the entire principal
<br />_and lICl;rued interest shall at once become due and payable, and drawFourte~ cent (J:.~,O/.) interest
<br />tlletllafr.ef until paid at the election of the mortgagee; a1!9 this mortgage may thereupon be foreclosed immediately
<br />for tbe whole of tbe indebtedness hereby secured. including the cost of extending the abstract of title from the
<br />date of this moft&ll8e to the time of ('ommencing such SUiL
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<br />4. l#JbeCV<lnl of afom:lnsuu ordefault ns prov~ herein, themortllagee shall at once be entitled to the pos-
<br />~ UK, and enj~ or the real coSllte aforesaid and 10 [he rent, issues, royalties. and profits thereof,
<br />ftw.l'l the """uin& of SIKh ri.sJtt.s and duri/l,jt the pendency of foreclosure prOCeedings and Su('h possessions. ete..
<br />s"'lt.t ~. be dtlm<ered to tbe ~ upon requesl, upon failure such delivery of such possession may be
<br />ClI!i'~.lly m~ by any lIppI'optiate .1. prO\<'fCdi~, including a receiver for the property.
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<br />~, Tbi:: pr~ of JUly .ale of ...id P1'OlXfty in "cordance '"lilt the pre<.'Cding paragraph, ,hall he apllIiw first to
<br />jlII:Y !!Jf<:0$i1l Jit!d t:X~ ur said sale, tbe openL~ incufted by tbe mortgagee for tbe purpose e>f PfOt<<llll/1. '"
<br />~ l<lld Pf~ly, ~ly. 10 pill' th" indeblwnCl$< ,ccuredhef"by; arnJ thirdly. 1<> pay any surplm e'r
<br />t'M'W \(t Jill: lXf- <ir perWll~ l<:p!ly enljded tberne.
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