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<br />r <br /> <br />84.- 004947 <br /> <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$i <br /> <br />e. The rights created by this conveyance shall remain in full force and effect duringal1Ypqstpo~"Dr-'" <br />extension of the time of the payment of the indebtedness evidencedbYsaidpromissorrnpte.w.~g:~~" <br />part thereof secured hereby, ".::':'}~i:> <br /> <br />f. To continuously maintain hazard insurance, of sucb type or types.andbl$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. <br /> <br />,:~,:,; ; <br /> <br /> <br />/:~~", <br />,;" <br /> <br />,-,;-, <br /> <br />.-,~i.;; <br />'rf-< <br /> <br />;'-:~~~7~~~ <br /> <br />,:;;, <br /> <br />, -'-:':::":~~';'ff;~ <br />c_ ; ~A~ ~,~:' <br /> <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, <br /> <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. <br /> <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. <br /> <br /> <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. <br /> <br />k. The mortgagee shall have the rillhl to inspect tbe mongaged premises at any reasonable time, <br /> <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. <br /> <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. <br /> <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. <br /> <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. <br /> <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, <br />