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<br />84- 003875
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<br />h, ro nm miumani, ,:reale or permit {Il he created against the property subject to this mortgage any lien
<br />or hens mterior to ihe hen of this mortR:.a.$t,e \vnhout written con~nt of tn(' mo-rtgag~e: and futher. th~t mort;;.
<br />gagar "iil keep and mall1taln the same ir... from the claim of all persons supplying labor or materials for con-
<br />s{ruction of any and aU PUlldmtts or nnpro\'emc:nts now being erected or to be er~cted on said prennses.
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<br />d, For better security of the indebtedness hereby secured, upon the request of the mortgagee, its .SUCCl;$Sors
<br />or assigns, mortgagor shall execule and deliver a supplemental mortgage or mortgages coveriitg any aclditions,
<br />improvements, or betterments made to the propertyhereinal>ove described andalIptoperty aeqliii'~byjt.after
<br />the date hereof (all in form satisfa<:tory to mortgagee). FuthermOr\l, should mortgagorJail'ro:cI1(e.;.J!llY"~et'~lt
<br />in the paymenl of a prior or inferior encumbrance on the property described bythisinsti'llmenti~rtg~l?I',h~
<br />by agrees to permit mortgagee to cure such default,butmortliagee is not obligated tOdo:so;an!l;;ul:'li:ad'lla!ices'
<br />shall become pan of the indebledness secured by thiS1flStrumenl;sulljectto the,sanunerms.aill;h;OtllilifIDMi;
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<br />e. The rights created by this conveyance shall remain in. full force andeffilct dl11'itjg. anJ/~pOn.e~~;~: .
<br />extension of the time of Ihe payment of the indebtedness evidenced by saidptOmissory'llQt!e"ot;notesi,;~;;,;lW:'
<br />pan thereof secured hereby, ," '
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<br />f. To continuously maintain hazard insuran<:c;of such t)'I>e or typesandinsucb.lU\lPuntsas.,~'
<br />may from time to time require 011 the improvements now orbereafter on sa!dProllCrtY; '..
<br />when due any premiums therefor, All insurance shall be cairiedin companie5lIeCepi\lble
<br />policies and renewals thereof shall be held by mortgagee and have attached thereto 1i1"spayabl"f~ill;
<br />of and in form acceptable to the mongagee, In event of loss, mortgagor will give immediatenodce,irt\Yng,
<br />to mortgagee. and mortgagee may make proof of loss if nOl made promptlY by mongagOl', and'CCal:hiilsurante'
<br />company COl1<."el'ned is hereby authorized and directed to male< payment. for such Iossdireet!yto mo~~;"
<br />instead of to mortgagor and mortgagee jointly, and the insurance proceeds, or any part thereof, maYbeaPPlieO,:
<br />by mortgagee at its option either to the reduction ()f the indebtedness hereby secured or to therestoraOOD' or?
<br />repair of the property damaged or destroyed, In event of foreclosure of this mortgage,or Otherttansf.er'of'title<
<br />to >aid propeny in eXl1nguishment of the indebtedness secured hereby, all right, litle, and intere$toFthe'
<br />mortgagor in and to any insurance policies then in farce ,hall pas. to the purchaser or mortgagee or, at the
<br />option ot the mortgagee, may be surrendered far a refund,
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<br />g, To keep all buildings and other impftwe.nent. on said property in good repair amI- condition; .. to
<br />permit. commit, or suffer no wa.~te. impairment. deterioration of said properlY or any part lhereof;inthe event
<br />of failure of the mongagor to keep the building; on said premises and those erected an said premises,or
<br />improvements thereon. in good repair, {he mongagee 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 evef.')' such payment shall be:
<br />immediately due and payable; and shail be ",cured by the lein of this mongage.
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<br />fo nO{ rent or a~st,gn any [',..an of ~he rent of ..aid. mongaJed property or demolish. or remove, or
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<br />":,ub:s!an[t.aHy ah~r ~n; t'uddin~ ....,Hh{~ut the wnHen \.'on:icni: of th~ mortgagee.
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<br />i. All awards of dalll1tge, In connecl!on with any condemnation for public use of or injury to any of the
<br />propeny subj""t to this mortg:dge ale htteby as..gned and shall be paid 10 mortgagee, who may apply the same to
<br />payment of the m>tallmcnts last due ut,oer ,a.d note, and mortgagee i.s hereby authorized, in the name of the
<br />mort~or. to ~'ecutC and dehvcr valid aC4u'ttam:~ ther<<)f and to appeal from any such award.
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<br />k, The mortgage,," shall haH the nght to In'pect the mortga.ged premi~ at any telllionable time.
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<br />L To ,omplY wllh the proVISIOn> of auy Ie&;e If tins Mortgage IS ou a leasehold, If this Mortsage is on a
<br />unit III if. c'ondomimum or a planned unl! devdopln<:nt. B()rrower shail perform all of Borrower's abligations
<br />under the declaration eU ,'()venauts ,rcaung or gov<:rmng the ,ondommium or planned unil development. the
<br />by.laws and regula~jons of tll<: condonuruum or planned uml devdopment, and constituent documents,
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<br />Default III any of the co'enants or condlllon, of thl> ltIstrument 01 of the note or loan ageement secured hereby
<br />,hall terminate the mortgagor's right to po>sesslon, use. and enjoyment of the properly, at the option of the
<br />mOrlgagee ()r assigns (it heing agreed that the mortgagor shail have such right until default), Upon any such
<br />default, the mortgagee shall become the o"ne! of all of the rents and profits accuring after default as secutity' for
<br />the indebtedness ,,,,,ured hereby, "ith the right to emer upon said property for the purpose of collecting such
<br />rent' and profits, ThlS instrument shall operate as all assignment of any renlllls ()n said property to that extent.
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<br />If the mortgagor defaults. and fails to make any payments when due or to ;,,:ont't>rm to and comply with any nr
<br />the conditions or agreements ,()nlllined in this mortgage Or the not~s whio:h it secures, {hen the emire principal
<br />sum and accrued inler.,.r shail at once become du~ and payable, and dra" f),f~ per ;;em (,...1.5_."') interest
<br />rhereafter until paid at the election of the mongagee; and this mortgag~ may rhereupon be fored()sed immediately
<br />for the ....hole of the indebledness hereby secured, induding the cost of e't~ndin8 the ab,tract of title I"rom the
<br />date of thl~ mongage to the time of commencing -such :)uit.
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<br />4. In the event of a foreclosute or default as provided herein, Ihe mor4!age~ s!\all al once be entitled [() the pos.
<br />5CSSion. uset and enjoymem of the real ~tate aforesaid and to the rent, Issues, ruyalties, ,'tHU profits thereof,
<br />from the aoC(.~ruing of such rights and during the penden,,'y of foreclosuft~ PfO\.'l'edings and sU\,.-h pDs;..eSSIl1I1~, elc.
<br />sball at ance II<: delivered 10 the mortgagee upon request, upon fallure ,ueh delivery 01 ,uch ;10"<'''011 ma, be
<br />enfOl'ced by mortg&aee, by allY apprnpriate legal pro.:eedings, indudlllg a receiver I'" the ;11('r>erly.
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<br />Th<: pro.;eed. 01 any sale 01" ,aid property in accordance "lth the precedlllg para~raphs ,hail I.'e applied 11l'1 I.'
<br />pa)l the: (O$l$ and CX1)Cn"')e~ of said ~le, the ex_pence:. i~uHcd Q)' the m...Hlg.JI!tl'(' tor the purp\.lS~, l1-t pl~~tC'\.':tHig tH
<br />ffilIlntainin~ ..aid property. s...."Ol1dly, to pay the iudebtedness '.,ured hereby; .wd thlldh, ,,' I'<lY au) ';uIplu, "t
<br />el<ce'-, to tbe pet..,n 01 1"'l.S()n, itgaliy entitled thereto.
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