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<br />,.' .. . 84 -' 003128
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<br />M.F.bP'bbtij security of the indebtedness hereby secured. 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 itaftet
<br />the date hereof (all in form satisfactory to mortgagee), Futhermore, should mortgagor rail to curea,nydefault
<br />in the payment of a prior or inferior encumbrance on the property described by tbis instrument. mortgllgor bet~-
<br />by agrees to permit mortgagee to cure such default, but mortgagee is not obligated to'- do so; and- s~ch--'~dvoit-fCeS
<br />shall become part of the indebtedness secured by Ihis instrument, subject 10 the samelerms and condititms,"
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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 nOle or 1l0I~. or lUlY
<br />part thereof secuted hereby,
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<br />f. To continuously maintain hazard insurance, of such type or types and in such amounts as the .morl8ll~
<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"a1\d:the.
<br />policies and renewals thereof shall be held by mortgagee and have attached thereto loss payable clauses!il favor
<br />of and in form acceptable 10 the mortgagee. In event of loss, mortgagor will 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"lo 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 indebiedness hereby secured or io Ihe restoration or
<br />repair of the property damaged or destroyed. In evem of foreclosure of this mortgage, or other Iransfer of title
<br />10 ,aid property'" extinguishmcnt of the indebtedness secured hereby, all right, litle. and interest of Ihe
<br />mortgagor'" and to any i"surance poliCieS then m force shall pass to the purchaser or mortgagee or, at the
<br />("}pElon of Ihe mort~agee. may he surrendered for a refund.
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<br />g, To keep all buildings and other Improvements "nsaid property in good repair and condition; to
<br />permit. ..:ornm.it, or ,>urfer no waste. Impairment. deterioration of said property or any part thereof; hi the event
<br />of fallure of the mortgagor to keep the buildings on said premises and those erected on said premises, or
<br />lmprovemenH thereon, in good repaIr, the mongagee may make such rt'flairs as in its discretion it may deem
<br />nec",sarv for the proper preservatIOn thereof; and the full amount of each and every such payment shall be
<br />immediately due and payable; and \hali h(' ..ccured by the kin nf this mortgage.
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<br />h. To nOl vnlunlanly dt'att" or perml! 10 he (fcated against the property -;ubject to this mortgage any lien
<br />~)r hen~, lnfenor to the !ten (If lht., nwngagc v.dthoUl written L'Ons.ent of the mortgagee; and futher, that mort...
<br />~agor wm ket:p and rn.ainram rhe ..a me !tee fH'lU1 the daim of ali perrons supplying labor or materials for con-
<br />"tru(:ll~Hl of any and all Mudding:; ;.)1" llnpnwt'mcnt'\ no\\ oeing erected or tn he erected on said premises.
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<br />ro nut rem \If J.",I~n all)" pari ~)l {he rem (If "ald mortgaged property ~)r d('rnoHsh. or remove. or
<br />-'ub\tantlaih alu.".t ,-HI\' huddm,g '.1dthout the \\'titlen ;.,O{hCm of lhe mortgagee.
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<br />J. AU J'Waflb 01 dam.age!; In ~:\)JHH."\."Hon wHh i:my \.-"ondemnation for public U:~C of or injury to any of the
<br />propeIt~ ';Ubft'"ct to OWl- mortgag.t" are- hereby a't-\Jgned and \haH he paid to mnrtg.agce, who may apply the same to
<br />p'ayfnent of the HlslaH.menh laS{ due under ,;.uJ nu((, "tIld mortgagee is hereby authorized. In the name of the
<br />mortgagor, hJ l;":\t:cuu: and deh\'o \altd ;.-u..'qUirtanct':'l thereof and to aprea! from any such award,
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<br />1';, rhe m..:;ngagcc .,':-itiH h,;;;-;;: :h-;: r;g.l~: :~:: ;a~,.vc..'I tt~.;; ml.,:.n,g.ag;--J p;~m~:-,;e:'.i.H rlny .cOl~cf'~b!e time.
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<br />L 1'0 \':umply wHh the prn\ l'ilt.W", lif any ka~ if lhi:> ~'-tortgagt': is on a lea-s~hoid. If thi~ !\.-1ortgage is on a
<br />unit in ;i (omiominHHll ,)f ;1 planned Uful dc\..dopll1,=nr. Borrower 'ihall rerfonn aU of Borro-wer's obligations
<br />under the -dedaldl.lOn or ..:.'(henan:., ([eaung (H gO\icrmng the I.:ondominium or planned unit development. the
<br />by. laws ..ind regula(ion~ of the I.:ondommjum or pia.fweJ unit development, and (,:onstiluem documents.
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<br />Default H1 any ~)f the (l..)Vcnunls or cundHHHls t)f thiS in!i!fument l)r of the nOle or loan ageement secured hereby
<br />shaH termmat(' the mortgagor', ri,ght to pili~ssio-n. ust', and enjoyment of the property. at. the oplion of [he
<br />mortgagee or its-signs (H being agrt'ed that the rnongag~)I ",haJJ have such nght until defauh). Upon any .'mch
<br />default, the mortgagee ""hat! befo.'ome ihe owner of all of the n.."f!!~ a.nd profits a~curiflg after default as ~ecurilY for
<br />ihe inoeh(cdn~j ~~ecured hereby. with fhe right to enter upon ..aid properly for the purpose of collecting !-.w:h
<br />rents.. and profits. ThiS 1f1~...trumcor "haH OreralC a...., all a"""lgnm~nt of any rentals on ~al{j properly to that extent.
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<br />If the I'uongagor Jefault~. and lails It) make any payment>; ......,hen due Of 10 ;.:ontofm to and (ornply with any or
<br />the co.nditjon~ or agre-e.mem<;-, \."tJntaine-d in ihi~ mongage ()of {he notes which if "ecurc:'" then the entire principal
<br />\um and acnued interest shajJ at om.:-e- become,; due and payable, and draw .1:?;:g.._ rer (C,'nt LJ.5.~9,,(!!t)) interesl
<br />thereafter untH patd 011 the election \~r the- mortgagee": .and this mortgage may thereupon he foredo':.c(j immed13lel.'t'
<br />for the whole of the indebte-Jnt'~\ hereby .';,ecured, indudmg the I.:ost e,f extending the ah~tracl of tilk from the
<br />dat<!' of thi~ moftg.ag-t: to the ume ",f commenting ~UI.:h 'UiL
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<br />4. In the (',lent oJ a for-edi);).1.Ue Of tlefauh a~ pr\)\'lded heftin, the ml)rtgagCt: "hail af oHce be ;;notlcd to the po:.;"
<br />\cs.::.~on. U~~t and enjoyment of ih(; rr:.a1 e)t.att; af-o-re~aHj and to the rem, h~UCS, loyaltlc-I;, ~mL! profit;.. tht~rt."()f,
<br />j',Offi ~h~ a-\:1,:ru1nl of ':.och fi&hl-~ and dUfing the pcnucl~I,;Y of 10red(p!.u.re pn.:f(:nJmg:;, .tud 'Udi r<\h'!.~..;'\i-i)n." ;:1\.:.,
<br />~baB at e>nce be d-('hvcn"d to Ute mou-!,'"-ge<C Up'H1 reques-l~ uJ)on ~(~.llurt.' :'>ud! dt:hvt'ry d \tJ'.:h p{}\~t:~~wn ma,! b('
<br />Cnh)f~:ed by moftsa.-ct::. hy ~n)' aJ>Pf~)p.r~le i.-egal Pfot;:ct."ding.s, ifldtlJJn~, d. ft-l.;("lver h:n !h~ pfn[.\t'Tt\
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<br />Ow: f-'Hxeed:\ i}j' an;: ~ilk oJ \'9ud rrvpcny in .H>,:nrd.taJKe -w'Hh ~ht; prc\'C'-t.!ln}?, p{\fa~1itph.., "hall h' applteJ ! If;,l t,1
<br />Pil-Y the {"O-j,t.~ a:fid expcOk'--S of "'4Jd ~ale, fhe i"\pen(e"" lfu:\.Hft'U hy the mOrl.ga,~<< f,)f lhe p-Ulp~~,>t' tiJ prtHt''\,:t;n~ ,If
<br />ma.int#.hlH\~ ."-lili.d pn~r1;', \-U:i,)ndjy, i0 pay tht'. mdehtedne~.\ ."-r.t:un.'ti hC1eby; ,'Iud llmJh, h} p;t~ .JJn \tlfP~U" \\f
<br />eJ.!;;CM Ht Ore ~'l(1{~.on nr pef\t-)'n. kl!f.j}lJy t:J1ntled:. theH:H,
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