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<br />83-003737 ,.. .
<br />d. For better security of the indebtedness hereby secured, upon the request of the mortgagee, its successors
<br />or assigns, mortgagor shali 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 payment of a prior or inferior encumbrance on the property described by this instrument, mortgagor: herec
<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 themottgagee
<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 wiU give immediate notice in writing
<br />10 mortgagee, and mortgagee may make proof of loss if lIot made promptly by mortgagor, and each insurance
<br />wmpany concerned is hereby authoril.ed 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 dest.toyed, In evem of foreclosure of this mortgage, Or other transfer of title
<br />10 >aid propeny in extinguishment. of the indebt.edne.", secured hereby, all right. title. and interest. of the
<br />mortgagor in and to any insurance policies then 1D force shall pass to the purchaser or mortgagee or, at the
<br />option of the mortgagee, may he surrendered for a refund.
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<br />g. To keep all buildings and other Improvements (m saJd property in good repair and condition; to
<br />permit. <:ommit, or suffer no wasle, impanmem. deterioration of said property or any part thereof; in the event
<br />of failure of the mortgagor to krep the buildings on S31d prenmes 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 Ihet.eo!: and the full amount of each and every such payment shall be
<br />Immediately due and payable: and shall he secured bv (he ielll o! thi, mortgage.
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<br />h. T" nm voluntanly create or pet.mlt 10 be ,'rcaled against the property subject to this mortgage any lien
<br />or hell;'; wferior !o the hen of thl\ mortgage wtthuut \-\-'fllICtl (onscO( of the mortgagee; and futher. that mort.
<br />gagor will keep and reaumun the same free from the claun of ,111 persons supplying labor or materials for con-
<br />strue'tion of any and all bUIldings or Improvements no" hem!! ,'reeted or to he erected on said premises,
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<br />j, To not reO[ or ;\\~t,z.n any part \.)f the rent \)1' \aid mortgaged property or demolish. or remove. or
<br />sub.-ramially alter anI' b\llldml( WIthout the ""lien consent 01 the mortga!!"",
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<br />), An awards of damag", m conllC\:tton wllh any c'Ondemnation for public use of or ,"jury to any of the
<br />propeny subJcct to thIS mortjl.age are hereby amgned amI ,hall he paid to mmtgagee. who may apply the same 10
<br />payment oj the m>laUment, last due unoer ,aId note, and mortgagee is hereby authoriled, in the name of the
<br />mortgagor. to exeCute ano deliver valid acquHtan~c> thereof and 10 appeallrom any ,uch award.
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<br />k. The mongag<< ,hall ha'c the nght to Inspe.:t the lllongalled premises at any rcasonable time,
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<br />l. To cOll1ply With the proviSion, 01 any lea,e 1I1im Murtgage (, on a leasehold. If this Mortgage is on a
<br />unit in a condomimulll Of a planned unll development, flOll<lWet shall perform all of Borrower's obligations
<br />under the dedara!tOll nr .covenants .:reaung Of governing the condominium or planned unit developmeOl.the
<br />by-laws and rqulations ot' th<: condominium or planned unit development, and wtlStituent documents.
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<br />2. Default to any 01' the ,'oyenants or conditions of this ill5trumenl or of the note or loan ageemcmsccured hereby
<br />shall terminate the mortgagor's right to possasion, use, and enjoyment of the property, at lhe option of the
<br />murtgaaee or assigns (it being allTeed tllat the mortgagor shall ha'e such right until default). Upon any such
<br />default, the mortgagee shall be.:ome the owner uf all of the rents and prufiES accurlng after default as security for
<br />the indebtedness secured hereby, with the right to enter upon '>aid property for the purpose of collccting such
<br />rents and profits. Thi~ instrument shall operate as an a>signment ,'f any remals on said property to that extent.
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<br />J. If the mortgagor defaults, and fails to make any payments when due or to conform to and comply "'th any of
<br />the conditions or agreemenls contained in this mortgage or the note, which II secUl.C;. then the entite principal
<br />sum and accrU<d in<<:rcst shall at once become due and payable, and draw * pel celli dJ-:Q01., tnterest
<br />lh<<eaftCf umil paid at the election of the mortgagee: and thIS lIlQrtgage may 'hereupon be foreclosed IInmediately
<br />for the wbolt' of the indebted~ hereby secured, including the cost L'! eMendifll! the abstract of tilk from Ihe
<br />dalc of too mwtgas,e to lhe time o! wmmencing such suit. *Fourteen Percent
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<br />.. In the cvcl1t Qt' a foredQsure or ~ault as prQvided herein, the mortgage;: shall at once be entitled to the pus-
<br />~n. tlile, and enjoyment of the real ~te aforesaid and II' the rent, ,,,ues, wyaltiCll. and prof!!s thereof.
<br />from the l\('/,,'Tuing of sucb rights and durin. the pendem..y of foreclosure proceedlltg$ and ,udl I'o,s=ioo,. etc..
<br />shall at bIKe blf delhtlreU to the mOrlJillCC upon request, upon failure ,uch denv'er~ of >Dell flossession may be
<br />mfor~ by mwt.~, by any apprQprlate Iqal proceeditli\$. mduolDg a leeeis.el fOf Ihe pwpen).
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<br />5. 11M Pt~ of any salt' of ...14 proptlrt)' in a.;,onlall<C ..itt! the pleeedin!! parlljraph, ,hall he appheJ tir't t<O
<br />pay the c"'"' ami e~_ 01 said ~, tbe ~'pence; llKvrred by the mOrl~<< rm the puq,o,e (.f prolect1ll'" '"
<br />~iit$f,.jQj, NW PiVl~ty~ ~ndty" in ();II.J l~ Hldebt.mnnl '.i-(\.\uoo "e,cby: a.fH.l thttdiy, to pa~ nn)' ~urpju"l tiT
<br />l:'_ tn lbe VI'l- or pefWl" 1e_lIy entitled thereto.
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