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<br />L. cf'J.>ot. ~~It~r security. of the indebtedness hereby secured, upon' the requestor the mortgagee~'its;su~e~ots
<br />or' assigrts; rilot!gagorshall execute and deliver a supplemental mortgage or mortgages covering'.al1)'a,d~itions;'
<br />improvements, or betterments. made to the propertyhereinalxwe described and all, propertya,cqujr<!li'b ihifter,
<br />the date hereof (all in form satisfactory to mortgagee), rutherm?re;shOuld,m?rtgaaQt,'fai~to;'~1,Ii,~
<br />in the payment of a prior. or inferior encumbrance on the property describ~JW tllis:insrrWI1~Ilt; ,
<br />by agrees to permit mortgagee to cure such default, but mortgagee Is notobligated.~~~(f~()F'a
<br />shaUbecome part of the indebtedness secured bythisinstromentis\lbjectlO the<~e',terni~;aful'
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<br />e, . The rights created by this conveyance shall remain inful! f~ce and~ffectd"iing llPY:~ostp;)ni1n
<br />extension of thetime.of Ihe paymen! OftheindebtedneSS,evidenCed:by.saidpromlssory,no,te19t' . .
<br />part thereof secured hereby, ' . '
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<br />f. To continuously maintain,hazard'insl.tranCt,_,of:_~lUell type:\?f types'--and:--in-:''S~-i~oun~-~
<br />may from time to time require on the improvements now or hereafter on saidptopel'ty,a~d"f
<br />when due any premiums therefor, All insurance shall be carriedineoll1J'anies;aceliJlla~le.to:!rn:o'
<br />policies and renewals thereof shall be held by mortgagee and haveattachedtheretoloss:p.wable'
<br />of and in form acceptable to the mortgagee. In event of loss, mortgagor will: give'irrunediaten ,..., ..... ....."
<br />to mortgagee, and mortgagee may make proof of loss if not madepromptlYbymortgagOF,aIld:ea'c!l:ins~cie:' .
<br />company concerned is hereby authorized and directed to make payment for such . loss directIY''to:'m()~~~,'
<br />instead of to mortgagor and mortgagee jointly, and the insurance proceeds, or any part thereof; :maY'oe .app!iCi{::':
<br />by mortgagee at its option either to the reduction of the indebtedness hereby secured or to th.;re$toraiioll~()r,
<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 eXlinguishment of the indebtedness secured hereby, all right, litle, and interest or.. the"
<br />mortgagor in and to any insurance policies then in force shall pa..<s 10 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 aU buiidings and other improvemem, 011 said property in good repair and conmuon; 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 "olumanly create or permit to be created against the pro!J<....ty subject to this mortgage any lien
<br />or liens inferior to the lien of this mortgage without written consent of the mortgagee; and futher. thatmor!-
<br />gagor will keep and maintain the same free from the claim of all persons supplying labor or materials for con..
<br />smlction of any and all buildings or improvements now being erected or to be ereeted on said premises;
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<br />i. To not rent or a>>ign any pan "f lhe rent of said mortgaged property or demolish. or remove. or
<br />substantially alter an)' building without the written consent of the mortgagee,
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<br />j. All awards of damages In connection with any condemnation for public u,e of or injury to any of the
<br />property subject to Uns mortgage are hereby assigned and shall be paid to mortgagee. who may apply the same to
<br />payme!!! of the install.-nents last due under said note, and mortgagee is hereby auUlOrized. in the name of the
<br />mortgagor. to execute and deliver valid acquiuanc'es thereof and ro appeal from any such award.
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<br />k, The mortgagee shall ha,e the right to inspe.:t Ihe mortgaged premises at any reasonable time,
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<br />L To comply with the pro,i>ions of any lease If this Mortgage is on a leasehold. If Ihis Mortgage is on a
<br />unit in a condominium or a planned unit development, Borrower shall perform all of Borrower's obligQlions
<br />under the dedllt'ation or covenants creating or go,erning the condominium or planned unit developmenl. the
<br />by-laws and regulations of tbe condominium or plarUled unit development, and constituent documents.
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<br />2. Default in any of the co'enants or conditio"" of this instrument or of the note or loan ageement secured hereby
<br />shall terminate the mortgagor's right to possession. use, and enjoyment of the property. at Ihe option of the
<br />mortgagee or assigns (it being agreed that the mortgagor shall ha_e 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 said plOperty for Ihe purpose of collecting such
<br />rents and profits. This instrument shall operate as an assignment of any rentals on said property to that exlent.
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<br />3. If tbe mortgagor defaults, and fails to make any payments when due or to conform to 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 />sum and aC<:J:ued interest shall at once be<::ome due and payable, and dra.c:i.fteeu.. per cenl (.....15..}\'.) interest
<br />thereafter until paid at the election of the mortgagee; and this mortgage may thereupon be foreclosed immediately
<br />for the wbole of tbe indebtedness hereby secured. including the cost of extending the abstract of title from the
<br />date of thismongage to the time of commencing such suit.
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<br />4. In the event of . foreclosure or default as provided herein, the lIlor1.3agee shall at once be entilled to the poo.
<br />sCS$ion. use. and enjoyment of the real estate aforesaid and 10 the rent, issues, royalties, and. profit.s thereof,
<br />from lhe ae<:ruina of such righ'" and during the pendency of foreclosure proceedings and such pUl>sessions. ete.,
<br />sha.llat once: be deli~red to the mOllgagee upon request, upon failure such deli'ery of such possession lllay be
<br />enfort:e4 by mOrlll~., by allY appropriate legal prO\.-eedings, including a reeei.er for the property,
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<br />s. Tbe pr~ of any sale of said property in accordanc..e with the preceding paragraphs shIll I be al1plied first w
<br />paytbe cQS.u andexP\'~ of said .sale, the expen= incurred by Ihe mor1.3agee for the purpose "I' rJi)teclin~ m
<br />maintainiftl ,~d pfoper!)', ~ndb. to PBY the ir.debtedness ",ecurto hereby; and thirdly. to pay any surpiu~ O!
<br />~.to the ~ {If perwll$ le,lally entitled lher~o.
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