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<br />~.i:- betq2 ~~! the indebtedness hereby secured, upon the request of the mortgagee, its successors
<br />or assigns, mongagar 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 payment of a prior or inferior encumbrance on the property described by this instrument, mortgagor here-
<br />by agrcCS to permit mongagee to cure such default, but mortgagee is not obligated 10 do so; and such advances
<br />shall become part of the indebtedness se<:ured by this instrument. subject to the same terms and conditions.
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<br />e. The ri~bts 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 tbereof 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 till'!C 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 renrwa15 thereof shall be held by mortgagee and have attached thereto loss payable clauses in favor
<br />of and in form acceptable 10 the mortgagee. I n event of loss, mortgagor will give immediate notice in writing
<br />to m~, and mortgagee may make proof of loss if nO! made promptly by mortgagor, and each insurance
<br />company concerned is hereby authorized and direcled to make payment for sueh loss directly to mortgagee
<br />instead of to mortgagor and mortgagee Joinll~', and the insurance proceeds, or any part thereof. may be applied
<br />by mortgagee at its option either 10 the reduction of the indebtedness hereby secured or to the restoration or
<br />repair of lhe ptoperty damaged or destroyed. In evelll of foreclosure of Ihis mortgage, or other Iransfet of HUe
<br />10 said property in extinguishment of the indebtedness ",cured hereby, all right. tiUe. and interest of the
<br />mortgagor ill and to an)' insurance p<)licies then in fort.'" shal! PllS' to the purchaser or mortgagee or. at the
<br />option of the mortgajlee. may be surrendered for a refund.
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<br />g. To keep all buildings and olher improvemellls on said property in good repair and condition; to
<br />permil, commil, or suffer ne) wa$tc. impairmenl, dcteriorauon of said property or any pan thereof; in the event
<br />of failure of the mortgagor to keep the buildings on sald premIses and those erec.1ed on said premises, or
<br />Improvements Iherron. in good repair. the mortgagee may make such repairs & 10 its discretion it may deem
<br />oe..'C:Wlry for the proper pr...er\'atlOfl thereof; and the full amount of each and every such payment shall be
<br />immediatety due and payable; and shail be secured bv the lein of this mortgage.
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<br />b. To not "oiunta"ly .;reate or perm!! to \", created alla'"'t the property subject to this mortgage any lien
<br />or liens mferior w the hCll of th.. mortgage wHhom 'Hillen (oment of the mortgagee; and futher. that mort-
<br />g.i{lor will kecpaoo malOUlIO the >lime free from the claIm of ail persons supplyillg labor or materials for coo-
<br />strucHon of any aod aU buildlOjp or tmprovement, now !>emg erected or to be erected on 5lI.id premises.
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<br />i. To flot rern or a""!ln any part "f the rWt of "lid mortgaged property or demolish, or ,emove, or
<br />'ubstllnUally /Iller any buiidinlt w!!hQul the wntten coo","t of the mortlallCt'.
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<br />J. All awards of ,tamlliC' In COllnC\:t100 ".,th any conaemnallon for publk use of or injury to any of the
<br />property wbject 10 tlu.s mortgage ale hCfCbv a"ugned and ,hllll be paid to mortgagee, who may apply the same to
<br />payment of the inswlmenls last due under "ud note. and mortP3<< " hereby authomed. in the name of the
<br />rnorlpfIOf, to e.,ecute and dehver valid ..cqullUUlt.'CS therrof and to appeal from any such award.
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<br />k. The martgllg<:'C shall have the nghl to inspect the mortlaged prem....... at any reasonable time.
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<br />l. To l.'OItlply with the prmi,lOns of aDY 1ea.\C If this Mortgage is on a leasehold. If this Mortcage is on a
<br />\lnit in a condominium or a planned unit dev..lopment. Borrow..r sball perform all of Borrow..r's obligations
<br />UAder lhe dedanltion Of rov..nanu t:rca.linll or govemillll the ..'Ondominium or planned unit development,the
<br />by.llnn and rq;ulaUOfIS of the condominium or planned unit devetopment, and COllSl1tuent documentS.
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<br />2. Default in any of the covenants or conditions of this instrument or of the note or loan ageernent secured hereby
<br />shall terminate the mortlfllOf's riem to posscWon, use. and enjoymeflt of the property, at the option of the
<br />~ or asstcos (it beiIti weed that the mortgagor shall bave such riJltt until default). Upon any such
<br />default. the ~ Ytall bedmtethe owner of all of the rents and profits aa:uri1l8 afler default as SCl.."Urity for
<br />the indebtedness secured hereby, with the right to enter upon said property for lhe purpose of roUectillll such
<br />rertU and prom, This instnunent shall operate as an _iitnment of any rentals on said property to that extent,
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<br />3. If tlte morIJlIIOr defaulu, and fails to malte any payments when due or to conform 10 and comply with any of
<br />tbe<<llldiUom or ~ c.ontained in tbis IDOI'IP&C or the notes which it secures. then Ihe entire principal
<br />ftnI .1Ad lKlCnICd illtUC$l slWI at once become due and payable, and draw ~_ per cent c..2::.!:_ ~) interest
<br />tllcrcal'tw uatil paid at the ek\:tion of the ~ and this mortp&e may thereupon be foreclosed immediately
<br />for tt.r whale of tlte indebtedness hereby _red. indtKlilli the cost of e1ttendillll the abstract of title from the
<br />dlIle of thislll.lX1llllt to the time of e~ sudl1l\1it. *Fourteen .~nd One/Ha 1 f
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<br />.. III t_ ftIIftt or a fOl'lldMBn ordefsult lIS provided herein, the ~ shall at 0Il<."e be ..ntiUed to the 1'01>'
<br />~ .ll1IlI< and etljoymcml. of tin: rc:1d alate 8f_id and to the re~t. issues, royalties, and profits thereof.
<br />f~ tbit ~ of sudt riJIttJ and durina the pendency of foreclosure proccediogs and such pos!>CUiolls. elt;..
<br />m.t.~" ~1O the /llOftIqC:e UJIQIl r-.uest" upon failure ~ucb delivCTY of such posseMiun Rlay be
<br />~llY ~ by.)' NlIlfOPtWe IcpI ~ indudina a reeci\'ff for the pruperty.
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<br />s. ..~of *11)' _ut gld prtlpCfty In__lICC witll tin: pro:edinl! paraaraphs .hall be applied firsl to
<br />., *~UQ ~. of _ _ tilt ~ im:um:d by the loon~ lOt tin: purlX~ of (.lfot('('llnll or
<br />~~~. ~l'. tU PlIYlhe i~ _"W1!<l beJcl>y; and thjrdly. 1<1 pay any SUf!)/Us N
<br />~ ....lbe..pil'l'lOft (Jt' .fltn<>lliIlctally ".!tkot$lhm:!u.
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