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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 (aU in form salisfactory to mortgagee). Futhermore, should mortgagor fail to cure any defauit
<br />in the payment of a prior or inferior encumbrance on the property described by this instrument, mortgagor here-
<br />by agrees to pertl1it 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 wi!! pay promptly
<br />when due any premiums therefor. All insurance shall be carried in companies aeceptableto mortgagee and the
<br />policies and renewals thereof shall be held by mortgagee and have attaChed tberetQ loss payable clauses in favor
<br />of and in form acceplable to the mortgagee. I n 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 P1o~tgagor, and each insurance
<br />company concerned is hereby authorized and directed to make payment for such 'Ioss directly to mortgagee
<br />irtstead 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 tbe property damaged or destroyed. In event of foreclosure of tliismortgage, or othenransfer of title
<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 an buildings and other improvements on said property in good repair and condition; to
<br />permit, commit. or suffer no waste, impairment, deterioration of said pr~perty 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 />improvem~ts 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'eaeh 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 ([eate or permit to be ,reated against the property subject to this mortgage any lien
<br />or liens inferior to the lkn of this mortlUlse without wrinen consent of the mortil;1gee; and futher, that mort-
<br />gagor will kccp 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 improvemems now bemg erected or t'?, be erected on said premises.
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<br />i. To nOl rent or 3.ssign any pan of tbe rem uf ,aid mortgaged propen)' or demolish, or remove, or
<br />substantially alter any building without the Wllllen consent of the mortgagee. .. .
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<br />j. AU awards of damages in COnlle,'1I0n with any condemnation for public u.se \If or injury to any of the
<br />property subj<<t 10 thIS mortgage are hereby a,signed and shall be paid to mortgagee" who may apply the same to
<br />payment of the installments IlL,. due under said note, and mongagee is hereby authorized, in the name of the
<br />mortl\.llgor, to exccute and deliver valid acquttlanccs 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 ~easonal>le time.
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<br />L To comply with the provisions of any lease if this Mortgage is Oil a.leasehold. If this Mortgage is on a
<br />unit in a oondommium or a planned unit developmem, Borrower shall perform aU of Borrower's obligations
<br />under the declaration or covenants creating or gov'ernlng the condominium orpiaRned unit development. the
<br />by-laws and regulatioo.s of the condominium or planned unit development,. andconSthuent documents..
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<br />2. Default in any of the co"enams or conditions of this instrument or of the nOle or loanageement secured hereby
<br />shall terminate tbe mortgagor's right to possession, use, and enjoymem of the proPerty, at the option of the
<br />mortgagee or assigns (it being agreed that the mortgagor shall have such right until defaultl. Upon any such
<br />default, tbe mortgagee shall become the owner of all of the rents and profits accuriilgafler default as security for
<br />tbe indebtedness sC\:Ured bereby, with the right to enter upon said property forlh~ purpose of collecting such
<br />rents 3.nd profits. This illSlrumem shall operate as an assignment of any rentals on said property 10 that extent.
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<br />3, If tbe mortgagor de.faults, and fails to make any payments when due or to conform to and comply with any of
<br />the conditions or ~greemt;ms contained in this mortgage or the noles wbicpd~ilt'i!'Jgs, then the entire principal
<br />sum and a.;crued Interest shall at once become due and payable, and draw ..____. per cent (J 4.0 "101 mterest
<br />ttle-reafter until paid at tbe election of the mortgagee; and this mortgage may thereupon be foreclosed immediately
<br />for the whole of the indebtedness bereby secured, including the cost of extending the abstract of title from the
<br />a.re of tl\i$ m(lrtgage to the time (If commencing such suit.
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<br />4. In tbe event of a fare<:lOlure or default as pnlVided here-in, the mortgagee shall at once be entitled to the p().\,
<br />-wn. ~ and enjoymtnt of the real estate aforesaid and to the rent. issues. royalties, and profit; thereof,
<br />lromthe &1CI:Mng of such riaJlts and during the pendency of foreclosure proceedings and such possessions, elC"
<br />"'I~ at l)llCfl he 4di'l'ered to the mortgagee upon request, upon failure ,uch delivery of such possession may be
<br />enl~ by. nlOTtgagee. by any appropriate legal pro.:eedings. including it receiver for the propeny.
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<br />~, The pro;;eedi (:If any ~ of >aid property in accordance w'th tbe pnxeding paragraphs shall be applied first Ie>
<br />~y lhe~t" llnd ~~or!!lU4 ~le. tbe ex.peJtCC$ incufl'OO by the rOOrt,gaS<>t lor the purp<.>se of prmeding ,"
<br />lll4l~l\$ng scoWproptl'lY. ~ml<lly, to pay the indebtedness .>-teured he.reby; and thIrdly, l<l pay any sUlplu, o.
<br />~tm It> d:\f perwn ill ~lwns l<:jI;lllly enlltled Ihew""
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