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<br />84.- 004947
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<br />d, For betIC:!' 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 it after
<br />the date hereof (all in form satisfactory to mortgagee). Futbermore, should mortgagorJailt~u;ureanydefault
<br />in the payment of a prior or inferior encumbrance on the Property describedbythis'instrument,mortPt;l'l1'l1~
<br />by agrees to permit mortgagee to cur~ such default. but mortgagee is not obligated to,do so;andwch'o8dw,mees
<br />shall become pIIrt of the indebtedness secured by this instrument,subjecttothe~'termsand1lOllditi~n$i
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<br />e. The rights created by this conveyance shall remain in full force and effect duringal1Ypqstpo~"Dr-'"
<br />extension of the time of the payment of the indebtedness evidencedbYsaidpromissorrnpte.w.~g:~~"
<br />part thereof secured hereby, ".::':'}~i:>
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<br />f. To continuously maintain hazard insurance, of sucb type or types.andbl$l1ch~IlU~.tlHt
<br />may from time to time require on Ihe improvements now or hereafter 'on sai4prope(ty'",andc:v.11l
<br />when due any premiums therefor. All insurance shall be carried in companiesa~Ie/1QliIO .
<br />policies and renewals thereof shall be held by mortgagee and have attacbedthereto.loS$. .
<br />of and in form acceptable 10 the mortgagee. In evemof loss, mortgagor will give j
<br />to mortgagee, and mortgagee may make proof of loss if not made promptly bymortgagO"lllld'caeb:l
<br />company concerned is hereby authotized and directed to make payment for sucb>lossdireCtly lo.m
<br />instead of 10 mortgagor and mortgagee jointly, and the insurance proceeds, or any part ,thereof. may]j~
<br />by mortgagee at its option either to the reduction of the indebtedness hereby securedortother~{l:1r\"
<br />repair of the propert)' damaged or destroyed. In event of foreclosure of this mortgage,orothertt~.:l:lti~;'
<br />to said property in eXlinguishment of the indebtedness secured hereby, all right; title, and inmtllllt"C)(:;!~i::;
<br />mortgagor in and to any insurance policies then in force shall pass to tbe purchaseror.mortgageeor, ateJ:he':'
<br />opllon 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._di~aq'
<br />permit. cottLmic or ~!1ffer no waste~ imr~irment, deteric""t--at!~n_ of ~~:.~ ;:nr;.:erty Of any ~&...~."i~~-~f;jn\tnE::,~~~.--'
<br />of failure of the mortgagor to keep the buildings on said l"""lli:-,~ Md those .,.ectedon.said~,:Dt'
<br />improvements Ihereon. in good repair, the mOl"'gll:ll'!:e may n. "such repairs as In its discretionit'.ntay:.~o::
<br />necessary for the pmper preservation thereof; and the full amount of each and every suchpaymmtllbaU;:hCl'
<br />immediately due and payable; and shall be secured by the lein of this mcmgage,
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<br />h. To nOl voluntarily create or permil to be created against Ihe property subject 10 this tDQrtgagc,arW:!ien'
<br />or liens inferior to Ihe hen of Ihis mortgage without written consent of the mortgagee; andfuther, that mort-
<br />gagar will keep and maintain the same free from the daim of all persons supplying labor or material&fot.eog..'
<br />suuction of any and all buildings or improvements now being ereckd or to be erected on said premises.
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<br />L To nol rent or a:'iSlgn any part of the rent of said mortgaged property or demolish, or remoVe, 0[',
<br />'ubstantially all..r any 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 use of or injury to any orlbe
<br />property subject 10 this mortgage are hereby assigned and shall be paid to mortgagee, who may apply tblUlU1tl!'tO
<br />pay_nt of the installments last due under said note, and mortgagee is hereby authorized, in tbe name oflbe'
<br />mongagor. to execute and deliver valid acquilta.n;:;e;. thereof and to appeal from any such award.
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<br />k. The mortgagee shall have the rillhl to inspect tbe mongaged premises at any reasonable time,
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<br />L To comply with the provisions of any lease if Ihis Mortgage is on a leasehold. If this Mortgage is on a
<br />unit in a condominium or a planned unil development, Borrower shall perform all of Borrower's obligations
<br />under the declanui(ln or covenants creating or govern!r..g the condominium or pla..~ncd unit dfriclopment,the
<br />by-laws and regulations of the condominium (.r planned unit development, and comtituent documents.
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<br />1. Detault in any of the covenants or conditions of this instrument or of the note or loan ageement secured hereby
<br />shall termmale Ihe mongagor's ngll[ 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 righl until default). Upon any such
<br />default, the mortgagee shall become the owner of all of the rents and profils accuring after default as security for
<br />the indebtedness secured hereby, with the right to enter upon said property for the purpose of colle<."ting such
<br />r~~ts and prefits, Tt-Js instrument shall o~ul.te as an asslgnulent of any rentals on said property to that extent.
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<br />.1, Ii the mortgagor delaults. and fails to make any paymems when due or to conform to and comply with any of
<br />the oonditioos or agn:emellls contained in this mortgage or the notes which it secures, then lhe entire principal
<br />sum and ili:Crued imere&! shall at once become due and payable, and draw _l5.:D per cent (15.:D ~I.l interesl
<br />thereafter until paid 31 the election of Ihe: mortgagee; and this mortgage may Ihereupon be foreclosed Immediately
<br />fOf the whole of the indebtedness hereby secured, including the ~ost of extending the abstract of titl.. from the
<br />date of this mortgage to the time of commencing such suit.
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<br />4< In the CWlfIt of II foreclosure or default as provided herein, the mortgagee shaU at once be ..ntitled to the pOS-
<br />,eu\tm. use, ami enJoyme.1ll of the real estate aforesaid and to the rent. issues. royalties. and profits thereof.
<br />from the au;:ruit\ll of such flllhlS and durmg the pendenq< of fOI<'Closure proceedings and "H:h po"essions, "IC..
<br />,ball at oll<:e he debvered to the mortpgee upon requesl, upon faIlure such delivery uf "u.:h posse'Slun !!lay he
<br /><mfon;>lCi by otQr~. by allY llppropriatc legal pra<<edi1ljl$. Hicludmg a r~'Ce"'er for the pr open y.
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<br />I'll<: J)t~s of any 'ilW of \aU; property Ul aecot\:lance with lhe preceding paragraph, shaH be applted fit,t 10
<br />...." lhe e<>lll. and ",xP<'c~""" of .a.d ,ale. thto <,xpetl\"" "lcuned by tile mutlgiqltt lu, lile pll.pt>se 01 prolttlln~ ".
<br />~iiUiJi"D"i ~ jJfviX:'fiy" j,Ct,.'X-nKi:'YI h) pal_), the jnd;:;tJi.edfiti~ ~-C\-uj'ct1 h~ietj.'J;.,. ilifu i:hifiil'y; ii'; p-,i~' an; .iU,VW.. ,;,
<br />"'s~, H} Il1o! pellKm ." IX'-rM"" lc~.b eoutl6j ,heuw,
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