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<br />.34.........'005276
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<br />" . ~,<FiJtklter seCUrityOf' the indebtedness hereby secured, upon the request of the mortgagee, its successors
<br />or assigns, morlgagor shall execute and deliver a supplemental mortgage or mortgages covering any additions,
<br />improvements, or betterments made 10 the property hereinabove described and all property acquired by it after
<br />the date hereof (all in form satisfactory to mortgagee), Futhermore, should mortgagor fail 10 cure any default
<br />in the payment of a prior or inferior encumbrance on the property ueS(,.Tibed by this insifumt:fit, ~ortgaguf her--e..
<br />by agrees to permi! mortgagee to cure such default, but mortgagee is not obligated to do so; and such advances
<br />shall become part of the indebtedness secured by this instrument, subject 10 the same terms and conditions.
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<br />e, The rights created by this conveyance shall remain in full force and effect during any postpc.nement or
<br />extension of the time of the payment of the indebtedness evidenced by said promissory note or notes, or any
<br />part thereof secured hereby.
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<br />f. To continuously maintain hazard insurance, of such type or types and in such amounts as. themol'tgll!l@'
<br />may from time to time require on the improvemenls now or hereafter on said property, andwilrJ>llYPtO~Ptlr
<br />when due any premiums therefor, All insurance shall be carried in companies acceptable tomortgageeaitd1:~"
<br />policies and renewals thereof shall be held by mortgagee and have attached thereto loss payabledaUses.in'favor
<br />of and in form acceptable to the mortgagee, In event of loss, mortgagor will give immediate notii:einwritiri&
<br />to mortgagee, and mortgagee may make proof of loss if not made promptly by mortgagor, and eaebinsurante
<br />company concerned is hereby authorizp!l ii~d directed 10 make payment for such loss. directly to mortgagee
<br />instead of to m.:lrtgagor and mortgagee jointly, ~nd the insurance proceeds, or any part thereof, may he applied
<br />by mortgagee at its option either to the reduction ::-f the indebtedness hereby secured or to the restoration or
<br />repair of the property damaged or destroyed, In event of foredosure of Ihis mortgage, or other transfer of title
<br />to said property in extinguishment of the indebtedness secured hereby, all right, title, and interest of the
<br />morlgagor in and to anv insurance policies then in force shall pass to Ihe 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 all buildings and other improvemems on said property in good repair and condition; to
<br />permil, commit. or suffer no waste. impairment. deterioraJion 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 prenll5eS". or--
<br />improvements thereon, in good repait, the mongagee may make such repairs as in its discreJion it may deem
<br />necessary for the proper presenalion thereof; ~nd the fUll ',nounl of eacb and every such payment shall be
<br />immediately due and payable; and shall ne secured by . ~ll\ "f this mortgllge.
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<br />II, To not voluntarily create or permit to be created against the property subject to this mortgllge any lien
<br />or liens inferior III the lien of this mongage without written consem of the mortgagee; and futher, that mort-
<br />gagor will keep and maintain the same free from the claim of all persons ~upplying labor or materials for con-
<br />s!rme!ioR of any and all buildings or improvements now being erected or to be erected on ,aid premises,
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<br />j, To nOt rent or assign any part of the rent of said mortgaged property or demolish, or remove, or
<br />substantially alter :iln bUIlding without the written consem of the mortgagee.
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<br />j, AU award, 01 damage, in conne.:tion With any condemnation for public use of or injury 10 any of the
<br />property subje...to Ims mortgage are hereby assigned and shall be paid [0 mortgagee. who may apply the same to
<br />payment of the installments last due under said note. and mortgagee is hereby authorized, in Ihe name of the
<br />morlg,agor, to e,,<xute and deli\cr \alid acquinances thereof and to appeal from any such award.
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<br />k. The mortgagee shall ha\c the right to inspect the mortgaged premises at any reasonable time.
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<br />I. To comply ""th the p",vislons oi any Icase if this Mortgage is on a leasehold. If this Mortgage is on a
<br />unit in a ,vnJomm,,"n Of a f'lanned unit development. Borrower shall perform all of Borrower's obli&ations
<br />under the declaration or ,'ovenant' creating or governing the condominium or planned unit development,lhe
<br />by.laws and regulation;, of the condolninium or planned unit development, and constituent documents,
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<br />2, Default III any 01 the co\enams or ,ondilions e,f this instrllment or of the nOle or loan ageemen\ secured hereby
<br />shall terminate the mOrlgagor's right to possession, u;,e, and enjoyment of the property, at the option of Ihe
<br />morlgagec or assigns (il being agreed that the mortgagor shall have such righl IIntil default). Upon any such
<br />default. the mongailet' ,hall become the owner of all of the renls and profits accuring after default as security for
<br />the indebtednes, se\:ured hereby. with the righl to emer upon said property for the purpose of collecting such
<br />;~n,~,. ,~ru.i pr~...f'l' Tni.. in.,trument "hall opera1e & an a..'\.:)ignment of an\' rentals on said property to that extent~
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<br />3, II the mongagor defaults, and fails to make any paymems when due or to !'onform to and comply with any of
<br />the conditions or agreement> ,on rained in this mortgage or the notcs "'hich it s<'Cures, then Ihe entire principal
<br />>urn and accrued .nteresr shall at on..", become due and payable, and drawf:.~E':!'l per cem (_~__",.) interesl
<br />theteafter until paid at lhe election oi the mortgagee; and this mortgage may thereupon be foreclosed immediately
<br />for the ,"'ook of the indebtednes..s hereby secured. including thc cost "i extending rhe abstract of tirle from the
<br />date of this mortgage to tll<: time oi !'ommen,'ms such suiL
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<br />4. In the e~ent of a foreclosure or default as prov'ided herein, the murrgagr'e shall ar once be <'milled hI rhe pos.
<br />\CSSiOll, use. and en,i!'ymem of rhe real eSlate aiore~id and to the rcnt, ,,,,ue;,, royalties, 'Illd pro I'm Ih.,,,or,
<br />(rom the a-.::.:rum. nf ..u.:h l'lghh .:and \lurins th4: r!ICru.1~m:y oj r(lrt"\:Jo~ut t:' prll~("('dU\g~ ;;till.! ...lh.'h p()",-ses:\lOI\:). ('h.:..
<br />sllaIl at once be del"ered tl1 the morlllal?CC upon fl'Qur,>" UpOll tallure such delivery of such I',,,,,,,,,on may be
<br />enfore'Cd b) morltlagee, by any app;opllate legal plO\:eedings, mdudlng a ''''''ClVer for the 1''''1',:1[\
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<br />,- {he: pP...)cc--t~" \If .tn) 'Wi< \11' ...ald rr")f~>-rtY tn a"::(UJdalh.':C \\Ith the rB.-~cJlIl,. PJ.liJ~fJ.l'h~ "hall be applied flbt f\}
<br />(\4) it\( "t\~h .iluJ C_'-J,lClbt.") nt \atU w.k~ the C:\pt'IK\::) in,,:uricJ [-1) the- munMagce hll the Pl fp\ht.' \)1 PlotC\..-UHg ill
<br />mainta~r-uul ~HJ f\Ct)J,)cH). ""'-~Oth,ll). tv pa) (he H1{.h::bt<<!uc'\-). 'e~uH.-J he-n:b~-. .Hh.t th~f\Jh. tl) p~~~ ~Hn ....Hlphb \'1
<br />~'",:e~\ to !he fl('tXl--U or r1(T~...H:h leialh' jtutttkJ thcrctu
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