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<br />83- U03601
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<br />a. For better security of the indebtedness hereby secured, upon the request of the mQrtgagee, 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 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 mortgagee to cure such default, but mortgagee is not obligated to do so; and such advances
<br />sh . art of the indebtedn"ss 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 />on of the time of the payment of the indebtedness evidenced by said promissory note or notes, Qr any
<br />ereofsecurCd hereby.
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<br />f. Tooontinuouslymaintainhazard insurance,ofstich type or types and in such amounts asthe 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 incompanies 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 accep~able to the mortgagee. In event of loss, mortgagor will give immediate notice in writing
<br />to mortgagee, and mc)rtgagee may make proof of loss if not made promptly by mortgagor, and each insurance
<br />company concerned iiS hereby authorized and directed to make payment for Stich loss directly to mortgagee
<br />instead of to mortgag;or 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 foredosure of this mortgage, or other transfer of title
<br />to said property in extinguishment of the indebtedness secured hereby, all right, litle, 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 />opti()n of the rn()rtgagee, 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 sl~ffer no waste, impairment, deterioration of said property or any part thereof; in the event
<br />of tailure of the mortgagor to keep the buildings on said premises and those erected on said premises. or
<br />improvement., thereon. in good repair, the mortgagee may make such repairs as in its discretion il may deem
<br />neces.'illry for the pn)per preservation there\lf; and the full amount of each and every such payment shall be
<br />immediatel)' dille' and payable; and shall be se\:ured by the lein of thb mort.gage,
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<br />n, To nl")t 'mlumanly ..:rellle (lr permn to he created against lhe property subject to lhis mot'lgage allY lien
<br />Of liens infcrillf HI the lien 01 th,s m\lrtgage wllhQUI \qiuen CQnsellt of the mortlolagee: and hither, that mort.
<br />gagor will kC'<~p and maimain the same free from the dllll'l1 Qf all persons supplying l<lbor or materials for con-
<br />strueti\)n ()llllilY' and all bmldintts or imprmellllenllt now bemg erected or to be erected on said premises.
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<br />I. 1\) Il\lt rent \)1 assign any J).'\rt (}f Ihe rent of said mortgaged property or demolish. or remove. or
<br />sub~'lantiaU)' ~lltC'r iln~ bUIlding WIthout Ihe vHlllen cOllsenl (lIthe mortgagee.
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<br />,j. All awards 011 damllgClo in ':Ollnccliorh w,lh any condemnation for public use of or injury t() any of the
<br />pHllJl('Tty subj~::":1 to this IMrlgage are hereby 'lss,gned and shall be paid to rmlflgagee, who may apply the same to
<br />payment of the inst.lllments 1a."1 due under sa,d notc:. a.nd mortgagee is hereby authorized. m the name of the
<br />mOl"lgagor, to, cxccule ilnd deliver \alid a..::qultli1IlCClo theret)f and to appeal from an)' such award,
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<br />k. The monSilgc~ 'hall have the right 10 Inspect the morlgagt."d premises al any reasonable time.
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<br />L To Coml\ly wlith the pWliisiollS of any leilse if tillS Mortgage is on a leasehold. If this Mongage is on a
<br />unit ill a ,:tlfld()Rllnium or a planned unll developmelll, Borrower shall perform all of Borrower's obligations
<br />under the dedllr3tio,n or covenants <.:rcatin~: or governing the <.:tmdominium or planned unit development, the
<br />by-I,aws and n:l!:ulalil)ns of t.he condominium or planned unit development, and constituent documents,
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<br />2. Defau.lt in any of th<: covenants or conditions of this instrument 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 />mol"tgagee or <llSsigns lit being agreed that the mortgagor shall have such right until default). Upon any such
<br />default, the moJrtgagl~ shall become the owner of aU of the rents and profits accuring after default as security for
<br />the indebtedness secl~red hereby, with the right to enter upon said property for the purpose of collecting such
<br />rent.sand 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 mortgag(u defaults, and fails to make any payments when due or to conform to and comply with any of
<br />the conditions or agreements ;;ontained in this mortgage or the not.es which it secures, then the entire principal
<br />sum and accrued imerest shall at once become due and payable, and draw _-:.-..- per cent ( 14.50/0) interest
<br />thereafter untiil paid :a.t the election of the mortgagl;."e; and this mortgage may thereupon be foreclosed immediately
<br />for the whole of the indebtedness hereby secured, including the \:Ost of extending the abstract of title from the
<br />date of this mortgag<: to the time of commendng suit, Fourteen and One/Half
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