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<br />83- \Ju6670
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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 shaU execute and deliver a supplemental mortgage or mortgages covering any additions,
<br />improvements, or benermems 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 />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 shaU 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 />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 joimly, and the insurance proceeds, or any part thereof, maybe 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 voluntanly <reate 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 wrinen consent of the mortgagee; and futher. that mort-
<br />gagor will keep and maimain the same free from the claim of all 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 rem or assign any pan of the rem of said mortgaged property or demolish. Or
<br />substantially alter any bUIlding without the written consent of the mortgagee.
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<br />'love, or
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<br />j. AU awards of damages in connection with any condemnation for public use of or injury to any of the
<br />property subject to this mortgage are hereby assigned and 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, to execute and deliver valid acquillanc;es 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 with 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 covenant.s 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. Default in any of the covenants or conditions of this instrument or of the note or loan ageement secured hereby
<br />shaU terminate tbe 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 such right until default). Upon any such
<br />default, tile mortgagee shall become the owner of all of the rents and profits accuring after default as security for
<br />tbe 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 tile mortgagor defaults, and fails to malee any payments when due or to conform to and comply with any of
<br />the. conditions or agreements contained in this mortgage or tbe notes which it secures, then the entire principal
<br />sum and accrued interest shall at once become due and payable. and draw ~4.:O per cent (14.:0 %) interest
<br />the:feaftcr until paid at the election of tbe mortgagee; and this mortgage may thereupon be foreclosed immediately
<br />for tile wbole of the indebtedness hereby secured, including the cost of extending the abstract of title from the
<br />dale of this mortpge to the time of commencing such suit.
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<br />4. lathe, _ of a. foreclosure or default as provided herein, the mortgagee shall at once be entitled to the pas-
<br />J-'on, UK, and enjoyment of the real esta~ aforesaid and to the rent, issues, royalties. and profits thereot.
<br />from tile lI\il:nI.in& of such rights and durin. the pendency of foreclosure proceedings and such possessions, elc..
<br />~bal1 ill .~ he.doJiveredto llle IIlOrtIlIIClll upon request, upon failure such delivery 01 such possession may be
<br />~by martpacc. by any appropriate IepJ pro<:eedings, including a teceiver for the property.
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<br />S. TIu: ~ (.f MY sale of !&id property in acro<<lance with the pr<ceding paragraphs sball be applied firs! to
<br />pil~ tilt COWl and e~ of !laid oak, tbe e~pencel incurred by the mortgllllee for the purpose 01 protecting or
<br />ImIinl<<inirlaaill prO{>l!fly, MCOndly. to pay the ~, _ured hereby; .nll thirdly. to pay any "lfplu, Of
<br />_ to' t~ penoa or pentllU.lcpIly ~ntilted th_o.
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