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<br />83-00343"1
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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). Fmhermore, 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 shaH be held by mortgagee and have attached thereto loss payable c1atlSes 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 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 all buildings and other improvements on said property in good repair and condition; to
<br />permit, commit, or suffer no waste, impairment, deterioration of said property 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 />improvements 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 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 or permit to be created against the property subject to this mortgage any lien
<br />or liens inferior to the lien of this mortgage without written consent of the mOl'tgagee; and futher, that mort-
<br />gagor will keep and maintain the same free from the claim of an persons supplying labor or materials for con-
<br />struction of any and all buildings or improvements now being erected or to be erected on said premises.
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<br />i, To not rent or assign any p.lr! of the rem of said mortgaged property or demolish, or remove, or
<br />substantially alter any building without the written consent of the mortgagee,
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<br />j. All awards of damages in connection with any condenmation for public use of or injury to any of the
<br />propeny subject to this mortgllge are hereby assigned <l.nd shall be paid to mortgagee, who may apply the same to
<br />payment of the installments last due under said note, and mortgagee is hereby authorized, in the name of the
<br />mortgagor, Ito eXt~cute and deliver valid acquiltances 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 reasonable time.
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<br />L To comply wit.h the provisions of any lease if this Mortgage is on a leasehold. If this Mortgage is on a
<br />unit in a ,condominium or a planned unit development, Borrower shall perform all of Borrower's obligations
<br />under the declaration or covenants creating or governing the condominium or planned unit development,the
<br />by-laws and. regulations of the condominium or planned unit development, and constituent documents.
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<br />2. Defau.lt in any of the covenants or conditions of this instrument or of t.he 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 />mortgagee or assigns (it being agreed that the mortgagor shall have sueh right until default). Upon any such
<br />default, the mortgagee shall becoflle the owner of all of the rents and profits a(.'Curing after default as security for
<br />the indebtedness secured hereby, with the right to enter upon said property for the purpose of collecting such
<br />rents and profits. This instrument shall operate as an assignment of any rentals on said property to that extent.
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<br />3. If the morrgagor defaults, and fails to make any payments when due or to conform to and comply with any of
<br />the conditions or a.greement.s contained in this mortgage or the notes '1:h.ich .1t securesd tBen ore principal
<br />sum and accrued interest, shall at once become due and payabl.e, and df~V::,~_a&r c~t (T!o) interest
<br />thereafter tllttil paid at the election of the mortgagee; and this mortgage may thereupon be foreclosed immediately
<br />for the whole of tbe indebtedness hereby secured, including the cost of extending the abst.ract of title from the
<br />date of this mort.gage to the time of commencing such suit.
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<br />or default lIS provided herein, the mortgagee shall at once be entitled to the pos-
<br />oJ the estate aforesaid and w the rellt, issues. royalties. and profits thereof,
<br />a.nd. during the pendency of fore:dooure proce~-dtn8s and such possessions, etc..
<br />to the UPOll upon failure such ddivery of sw:h fll,)SSes.ioll may be
<br />any legal proceedings, Including l~ receiVe! fOl the property,
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<br />of any sale of J>aid pwpi;'rty in accordance with the ,hall he applied (lrst to
<br />exp.ense1, of said the expenccs Hlcuncd by the !1wrlgagec for lll(~ PUIl1(\SC or pnJll:":liil~ <If
<br />properlY, secQl1dly, 10 pay the ind\:olednor, ~e\:(jred hereby; and lim<.lJ.,.. I" pay :\uy..mpl", "I
<br />pt.."fM.ln or l'lCnl>j); !':tltilleo therelo.
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