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<br />84-003868
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<br />d, For better security of the indebtedness hereby secured, upon the request of the mortgagee, its sur,eessors
<br />or assignscmot1&.g~~$flrall execute and deliver a suppiementai mortgage Of mortgages cO'Tcnng: any .additio!l-sj
<br />improvem~nts; orberlerments made ro the property hereinabove described and all property acquired by it after
<br />the dare hereof (all in form satisfactory to mortgagee), Futhermore, should mortgagor fail tocur~allY' default
<br />in Ihe payment of a prior or inferior encumbrance on lhe property described by thisinstTument, m.ortgagor here.
<br />by agrees [0 permit mortgagee to cure such default,but mortgagee is not obligated!o do so; andsUclFadvances
<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 postponemenror
<br />extension of the time of the payment of the indebledness evidenced by said promissory Hole or notes,' or any
<br />part thereof secured hereby.
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<br />f. To continuously maintain hazard insurance. of such type or tYlX'S and in such amounts as the ,mortgagee
<br />may from time to time require on the improvements now or hereafter on sald property, and will pay' promptly'
<br />when due any premiums therefor. All insurance shall be carried in companies acceptable to mortgagee alldthe
<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 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 mal<e payment for such loss directly to mortgagee
<br />instead of 10 mortgagor and mortgagee jointly, and the insurance proceeds, or any part thereof, may be applied
<br />by mortgagee a! its option either [0 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 />10 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, al the
<br />option of the mortgagee, may be surrendered for a refund.
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<br />g, To keep all buildings and other imi",,,ements on said property in good repa.irand condition; to
<br />permit, commit. or suffer no waste, impairm<:n!, deterioration of said property or any part Ihereof; in the event
<br />of failure of the mortgagor to keep the buildings on said premises and those erected on said premises, or
<br />improv<:m<:nts therron, 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 i'10t \nluntarilv nl"ale or permit to be I.'rl:ated against the property s.ubJect to this mortgage any lien
<br />or hens inferwf 10 tht" hen of this mortgage without \\Titten consent of the mortgagee; and futher, that mort~
<br />gagor will keep and maintain the same free from the daim of all persons supplying labor or materials for con.
<br />struction of any and aU buildings or improvements now being erected or to be erecled on said l'"mises.
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<br />i, To not rem or a~5ign any pan oj :he rent of said mortgaged property or demolish. or remove. or
<br />substantially ah~r an)' hUlldmg wtthout the ",nHen t:onsent of the mortgagee.
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<br />j. AU awards of damage~ in ,onnection with any condemnation for pubhc use of or injury to any of the
<br />property sub)<:ct to thi> mortgage are hereby assIgned and shall be pilld to mortgagee, who may apply the Same to
<br />paymem of the installments last due under said note. and mortgagee is hereby authorized, in th<: name of the
<br />mortgagor, 10 execute and deliver ,alid acquittances Ihereof and 10 appeal from any such award,
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<br />k, The mortgagee ,hail ha,e Ihe nght to imp<"t the mortgaged premises at any reasonable time,
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<br />l. To comply with the proviSlom of any lease If thi> Mortgage IS on a leasehold, If this Mortgage is on a
<br />umt to a cOlldonllnlUm or a planned unil development, Borrower shail perform aU of Borrower's obligations
<br />und<:r the declaratJon or COvenams creating or govenung 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. Defauh m any of the (o"'enanls or {'onditi()n~ of thiS instrument or of the note or loan ag~Jnent secured hereby
<br />shall tenmnale the mortgagor's right to pos;esslCln. use, and enjoyment of the property, at the option of the
<br />mortgagee or assIgns (i! being agreed that the mortgagor shail have such righl until defanlt), Upon any such
<br />defauit~ the mortgagee shaH bo;ome (he uwner uf ali of the fcnts and profils a(;(urlug after default as security fOf
<br />the indebtedness ,<:cured hereby, with the rtght to enter upon saId property for the purpose of callecling such
<br />rents and profits. Thi, Instrument shall operate as an assignmem of any rentals on said property to that extent.
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<br />3. If the mortgagor defauits, and fails to make any payment~ when due or to conform tv and comply with any of
<br />tbe: condiliom or agreem<'nts i:omained in this mortgage ..)1' the 1l0le~ which It "e-cure~l then the entire prin(lpal
<br />sum and accrued interest shall at once b<:come due and payable, and draw lliteeu per cent l_l.:i_^%) interest
<br />thereafter until paid at the election of rhe mortgagee; and this mortgage may thereupon be for<:closed immedia!e1y
<br />for the whole of the mdebtwne$s hereb}' ~nured:, ii1dud~ng the ;.'cs.t Hf C'xlt"ndjng th~ abSlract of title from th("
<br />illuc oi this mortgage 10 the lime of conuncudn.g ~u\:h ,,"u.i.
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<br />4, In the eTent of a foreclosure or default as prvvided herejn, the mortgagee shall at orh;e b<: entllled to the po,-
<br />5eUlon, use, an4 tnjoymenl of the: rtal t3.talc afor('~id and 10 (h~ rent, I\SUe~, rl,)yaille~, and profits lhe-rcoC
<br />from the aCt:fuifli of such rights and during the pendeo"" of foredo~urc pn...~,ecdin8s and such po.,:\t:'SSi(lUS, ete"
<br />'iball at once be delivered III the motttt>tl!ee upon request, 1I1:>O!l faiiure such delivery or stich t""","Ol1 may be
<br />eafo,C<ld by lfwrtgllll<<. l>y any appropriate legal proceedIl18', >ndudmg a receiver tor the property,
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<br />~. The pr<<eed$ nf fln) :iCllc (if ~td JHOpt:'rtJ 1t1 t'tl;,'\:ordaoi.:( with the i)re\.'..xllO~ patagranh~ ...tHlll h~: ,-\ppht,"ti fir"t 1\\
<br />pay lM i:()$f.S and c~pem<~ of sak1 _\ale, the expenct.$ ilt\,:urrro by tht' nmrtgagfX: tot the puqh.\\-C lJf protcdmg \.f
<br />w.ainUliDtn& ~id ptopell)', 'iotcOJuJly, to J)Q} the ~ndebt('dnC'.~" ~(:\,'\H('J herdn', ,utd !}un,Hy. hl pa). .lll} ~tllphn t-'f
<br />'A~tM W tilt tlee..", ," persons kllally "tllllled theltW.
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