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<br />005243
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<br />SaidpromiNory note wu given to eecure a loan in which . !he Small Business Adminuttation; anagen~ ~f the
<br />U!!itedSllItes ..I Amerie&, has. participated. In compUaneewith section 100.lid) ol!heRule& antlJ.~arw.ol.
<br />the S_II Business. Administration [13 C,F.R. 101.1 (d) J. this instrument is to be eonstruedarilb;ni~iD,_*.;
<br />__ with applicable Fedenllaw.
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<br />1. Themortppr __anta and agres as followe:
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<br />... He will promptly pay !he indebtedlaaa evidenced by laid
<br />_ therein pl'Ovided.
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<br />b. He will pay all 1aXea, _Ilb, water rates, and other gov_ntalo!'munieipahh.rpIli"~~
<br />impolitiona, for which provWoll I... not ~ made hereinbefore, and wiii pl'OmptlydelivertheGlliliUih~p;)
<br />therefor to !he aaid mortgagee. -
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<br />c. He will paysueh expen_ and fees as may be ineurred in !he protection and m.int~-.,ofllaid.
<br />property. ineluding the 1_ of any attorney employed by !he mortgagee for the eolleetiOu;' oC"uY'or-all-'oj'.,i
<br />the indebtednea hereby secured, or foreelOllure by mortgagee'~ sale, or courI proceedinga;or -in-any'other
<br />iitigatioil .or p~iiig iiffecliii~ aaid prn:perty. AUcrneve'll fees rea@O!HlbJy incnrred-in'anv'other--wa,..'malJ;_1ie~
<br />paid by the mort)l:a)l:or,
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<br />d. For beuer security of the indebtedness hereby secured, upon the request of the mortgagee, ita
<br />su"",euon or assi!(lls, he aha II execule and deliver a supplemental morl)l:ajte or morlf(lljIie&. eoveringltny.
<br />addition.. improvements, or betterments made to Ihe properly hereinab",'e ,lescribed amI all properly
<br />acquired by it after the date hereof j an in fonn satisfactory to nloftgagee L FUl'thr.finore, should nlcrtg~or
<br />f.ail to cure any default in the ,)aynlent of a prior or inferior encumbrance on the Ilrol.erty described-by
<br />thia instrument, mortf(a)l:or hereby a!(rees to permit m'".'l'.... ,., 10 cure such default. but morl~lIllee is not
<br />obligat~d to do toO; and such advances shall heco:lr ,T~ nf the :1U;E'h-L(ine~ ~t>t'ured by thii-'in6trmtle..~!,
<br />subject to the same terms and conditioJ1~.
<br />
<br />f', The ri~hb crealed by Ihis conve~'ance .hall remain iu full forct' ami "Ifecl durillll allY p....lpulI"mellt
<br />or extension or the tiDle of the paymt"nt of the indf'btedr:ess evicJencefl hy l"ai.1 pr-omiNory 'IUte or an" I>>art
<br />thereof secured hereh,.
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<br />I, He will cODtinuo...I~' maintain hazard insurance, o€ .uch type or type. and in such amounta as the
<br />nlorlJta~ee ll1il~' fronl lime to time require on the impro\lelnent~_ now or tH~reah...r un ~aiel. prol)t'r',", ilIul
<br />will pay promptly when due any premium. Iherefor, All in.urance .h..n he carried in companies acceptable
<br />to mortsa~ee and the policies and renewal. thereof shall be held by mort~ag"" and "ay" auaeh<ed the~to
<br />10u pay.hie daule6 in iaH):' oi and in fotlfi aceeptahle to tbe mortgagee. In e\'t~nt oC l~ mortgagor will give
<br />immediate notice in writin~ to mortgagee, and morlgagee may m~ke proof of 10.. if nol made promptly by
<br />mortsagar, and each ineurance company concerned is hereby authori.ed and directed to make payment for auch
<br />looa di...,.,tly 10 mortgagee in.tead of to mortl,lagor and morlgal,lee jointly, and Ihe insurance proceeda, or any
<br />part thereof. may be applied by mortgagee at ilo oplion either 10 Ihe reduction of the iildebtedn_ hereby
<br />secured or 10 the re"toration or repair of the propert~' damaged or destroyed, In evenl of fo...,.,IOlure of thia
<br />mortgage, or olher Iramfer of title to .aid property in cxlingui.hmenl of Ihe indebtedn_ oecured hereby. all
<br />right, tide, and inl..resl of the mOrlgagor ill and 10 an) insurance policies then in €oree shaU p.... to the
<br />purehuer or Inorltr:dtt~t' Of. at lilt" optiou of the morlIUllf~(>, lI1a~ ht' :oollrrt>n.lt<rt.d fHf u refuuci.
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<br />/(, He will keep all huilding. and olher i"'pro""n..nl. Oil .aid I'wperl)' ill good repair and condilion:
<br />will pertuit, commit, or e.ufIt"r no wa,-"le, impairment, d(~terior"lion of saitl I)ropert)' or an~' part thereof;
<br />in tit(" e\'t:~:nl or laHurlt' of the mortgagor tv keep the buildinttto 011 sa,d prelliit\eh anti thot-e e:rel'h~,) on 6aid
<br />prenlise-&.. or impro\'eluent:i thereon, in ~o()d repair, the rnortt'agt~e may makt~ :melt r~ftairs <lJlo in ih fli~retion
<br />it IUd)' dee-fl), neCe6lklr~- for thf' proper pr~n'atioll thereof~ nnti the full amount or each and P'Vf"r~" such
<br />pa)'hl~nt sh~n be imliu..~di~id~ due and palahle~ a.nd shaH be -s~curf',t by the lien of thi" mor1lltllle.
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<br />It, He ".ill nol ,'oluntaril}" create or permit to be created a~ainst the properly subject 10 this morlgage any
<br />lien or lieWl in€..rior or superior 10 the lien of this n'ortllage without Ihe written consent o€ the mortgagee; and
<br />furtber't th.t he ",""ill keep and maintain the ~aUlC fret" from tit.. claim uf all l't"f!'loOIl.!'i \!IHpplyin~ labor OJ
<br />materiaJ, for construction or any and aU buildinjIl or impro\'eUlt"'l\h now hf>'I)~ t'rp('t~d Qr to ht" f'-reded on
<br />said prem~,
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<br />;. He will not rent Of a:;,aign an) part of the rent of l'iaid morl~ageti vrupt'rl~ or dt>molittoh, 01. rt"mU\(:~
<br />ur _ub.tanliaii~' aher an~ hniidil\;! \lI"ithQul the ,,-riUt'n i'Oiu.cnt of the nwrl~a~et'.
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<br />j. AU a\\>'arcb of danlattea iu eonuec-tion ""ith an) condemnation for pubh... UJ't' or or injuf~ lu an} of tht.
<br />luopt"rt)' $ubject to this mort~agt' arc hereby a~ignt'd and !!.hall be paid to mort~~ltte~-, who may apply the
<br />..-ame to JHI) lUt'nt of th~ In..tallm~nho la~1 dut" under ~Mid nule, d.IHl llJurtga~t't' II' ht-'rr-h~ aullwri.r;etl, iu th-t'
<br />ttlam,. of .he morll4gor, to f'xt"-('ulr. ..nd tl~li\'cr \alift ar-quitta.n(~ei!o tlu'n"l,)f arul !o .-tppt"al frulU an~' "'tH'ta ~1\~artl.
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<br />.. The morlft:.Il~t' .half ha\f> tnf" rif[h$ to ln~fle('t lht> lliort~dlll.t'd prt'IUJ"-t." af .w~ ndtlOllabit' tiUh:.
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<br />L 2, Default in any o€ the co.ehanu or condition. of thi. instrumenl or of Ihe nole or loa.. agreement ..,~ured
<br />....rllby shalllerminate the nlOrlgallor'. riltht to pooseuion. u.." and cnjo~"'ent of Ihe propert)', at the oplion of Ihe
<br />m.ortpa:*C: Ot hi, ....'M (it beinl .ttr~ed that the mort&aftor .haii h.n~ aucn ri~ht until default ~. ViKiiil .ny ;u~h
<br />de-~au.!t" th:: u'u.lrti;':8-e.: ~h~n ~f.Hne th!' \'1"'"tH." of .n or thl! ffnt.. .and profitt al.~,~ruinfl; Aft~r d~(lIult .. M~("Htih
<br />tor Ih. indebted_ ..,cured hereby, wilh !he riabt 10 cnt.... upon &aiel P"'p"rt) lor Ih. purl''''''' o[ coU....tinll I..ch
<br />reD'" and prOht.. Thi. ,n.lrument .hall operal" aa an _ipment of anr rent. I. on laid property' 10 lhai ext.nl.
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