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<br />183--004272
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<br />d. For better security of the indebtedness hereby secored, 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). 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 agrees to permit mortgagee to cure such default, but mortgagee is not obligated to do so; and such advances
<br />shan 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 shall be held by mortgagee and have attached thereto loss payable dauses in favor
<br />of and in form acceptable to the mortgagee. In evenl of loss, mortgagor will give immediate notice in writing
<br />to mortgagee, and mortgagee may make proof of toss 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. I n event of foreclosure of this mortgage, or other transfer of title
<br />to said property in eninguishment 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, commil, 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 soch 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 nor volumarily create or perml! to be created agamst the property subject to this mortgage any lien
<br />or liel1\ inferior 10 the lien of this mortgage without wrlllen con,en! of the mortgagee: and futher, that mort-
<br />gagor will keep and maintam the sallie fret" from lhe claim of all pet>ons supplying labor or materials for con-
<br />struction of any and all buildings l)f .mprovements now he1l1g erected or !ll be erected on said premises.
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<br />i. To nOI rent or ass.gn any part of the rent of said mortgaged property '" demolish, or remove. or
<br />substantially alter any buildmg without the written consent ot the mortgagee.
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<br />j, All award" of damages m wnne.:lIon with any condemnatIon for public use of or injury !O any of the
<br />property subject to this mortgage are hereby assigned and shall he paid to mortgagee, who may apply the same to
<br />paY'lnent of the installments last due under said note. .U\d mortgagee is hereby authorize<.l, in the name of the
<br />mortgagor, to execute and deliver valid acquittances thereof and to appeal from any such award.
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<br />k. The mortgagee shall hav" Ihe rigilt 10 lllSpc.;t the mortgaged premise. at any reasonable time.
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<br />l. To comply with the proVISIons of any lease if thiS Mortgage IS on a leasehold. If this Mortgage is on a
<br />unit in a c...mdmninium or a planued unn de'ielopment, Borrower shall perform all of Borrower's obligations
<br />under the declaration or ,ovenanl> ,reating or gov.erning the condominium or planned unit developmem,the
<br />by.ta....s and regulations of the condominium or planned unit development, and constituent documents.
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<br />2. Default in any of the covenants .or .:onditions of this instrument or of the note or loan ageement secured hereby
<br />shall terminate the mortgagor's right t.o possession, use, and enjoyment of the property, at the option .of the
<br />mortgagee or assigns <it being agreed that the mortgagor shall have such right until default). Upon any such
<br />default, the mortgagee shall become the owner .of all of the rents and profits accuring after default as security for
<br />the indebtedness secured hereby, with the right to enter upon "ud property for the purpose of collecting su.:h
<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 mongagor default$, and fails to make any payments when due or 10 conf.orm t.o and comply with any of
<br />the conditions or agreements contained in this mortgage or the notes which it.secures, then the entire principal
<br />SUlU and accrued interest shall at .once become due and payable, and draw __._,_,_. per .:ent ( 14 . 7 fla) Interest
<br />tbeml.fter until paid at the election of the mortgagee; and this mortgage may thereupon be foreclosed immediately
<br />for the whole- of the indebtedness hereby secured, including the cost of extending the abstract of title from the
<br />dale of thi5 mortaa&C to the time of commencing such suit. *Fourteen and Three/Quarters
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<br />4. lu.the evcot .of a fQfec:I~re or default as provided herein, the mortgagee shall at once be entitled to the pos.
<br />~n. use, and enjoyment of the real estate aforesaid and to the rent, issues, royalties, and profits theret'f.
<br />fr(.lJll the lll;CtUina of such rishlli and during the penden\.')' of foreclosure proceedings and such possessions, etc.,
<br />~at o~ l.Ie de,ijvered 1.0 the mortgagee upon request, upon failure such delivery of ,nch possession may be
<br />coforctQ by mor~, by any approprllUe legal proceediuss, including a receiver for the property,
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<br />S, The prooftl!l:bof any !ll!le of !Illid pr.opcrt.). in a.c-mdance with the pr<<eding paragraphs shall he applied fast to
<br />Pl!y lllt COiiU IllId C!i.pen_ of 'I1l.id sale, the expellees llli.'urred by the mOI1~ for the purpose of prote,ting or
<br />_~ !Illld pro~ty,$CCQftdly. to pay tn... indebtedlleSl\ """..red hereby; and thirdly, I" pay ~llY 5urplu; 0'
<br />tx_ to 1M pIlNOO Of per~(\n51"llall)' entitled thereto,
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