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<br />84 - 005670
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<br />d.' Poi- hetter security of the indebtedness hereby secured, upon the request oi 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 hereinai)ove described andallpropt:rty acquired byi! after
<br />Ihe date hereof (all in formsatisfactor)' to mol13agee), Futhermore, shouldmortgagorfail-tocure~YAd~fault
<br />;n the payment of a prior or inferior encumbrance, on Ihe property described by thisinstrumellt,moftgagorheJ'e<.
<br />by agrees 10 permit mortgagee to cure such default, but mortgagee is not obligated to do so; llndsjJcfiadvanceg
<br />shall becomeoart of the indebtednes$ secure<! by this instrument,subjectt:othe'same'terlllcS_aJ\d(~~~,
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<br />e~ The rights cr~'oo ~y th~ qu:weyarn:e -shall remain -in full--f;;~-a~4_--eff-eet.rlt..!riP..g'-"~:~r~+';~t
<br />eXlensionof the time of the payment of the indebtedness evidencedbYsaidpremissory~ote()IC~i'~;~"'Yc;
<br />oart thereof secured hereby, - --,,'.'-'0,--" 'i_..",j}'_~
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<br />g_ To keep all buildings and other improvements on said property in good repair!lDd~t9""
<br />l'C'rmit, commit. or suffer no waste, impairment, deterioration of said property or any plU'ttbereof;i1Uhe'~:,
<br />of failure t1f the mortgagor to k~p the buildings on said i'remises and thosC erect=! on- -&aid-'~,;~_:':-,----
<br />improvemeOls thereon, in good repair, the mortgagee may make such repairs as in its discrdionitlJlaY,-~'"
<br />necesSltry for the proper preservation thereof; a!l.d the fun amount of each and every such payment-sbiIll"be,
<br />immediately due and payable; and shall be secured by Ihe Iein of this mortgage,
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<br />L To continuously maintain hazard insuraI1ce,of sucb lypeor lypesandin suchamQlAl~as
<br />may from time to time require OIi the improvements. oow or_hereaftei-on,,~': . - ,
<br />when due any premiums therefor, All insurance shall be :carrieQiI1 cOm~
<br />policies and renewals thereof shall be held by mortgagee and l1aveattaclied theret6ltiss
<br />of and in form acceptable to Ihe mortgagee. In event of loss, mortgagor wiUgh,-e~
<br />to mortgagee, and mortgagee may make proof of loss if not madeprompt!y bymortgqor;~'
<br />company concerned ;s herehy authorized and directed to make payment for such IflSSdiI"ectIy,-to
<br />instead of to mortgagor and mortgagee jointly, and the insurance proceeds, oranypart tIlereof'lIIIlt, ,c,'
<br />by mortgagee at its option either to the reduction of tbe indebtedness hereby securedOttotlle..i'~.(::;
<br />repair of the property damaged or deSlroyed, In event of foreclosure of this mortgage, or othertomsflll'rofJilie"-
<br />to said property in extinguishment of the indebtedness secured hefci;,., all right, utle, and:interestoC-,tbe:,,:
<br />mortgagor in and ro any insurance policies then in force sha" '~ss to Ule purct.-r or~-ut.,d,:tl~,,;- '
<br />option vi the monga.gee, uiG, coe surre~dered for a i'efc:lu, - C
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<br />h, To not \olunraril)' create or permit 10 be created against the property subject to this lllQflp&elmflieli
<br />or liens inferior ro !he lien of this l!Iortgage withoul written consent of the mortgagee; and futhCr. _thatlQot1-;
<br />gagor will keep and maintain the same free from the claim of all persons supplying labor or materials form-
<br />muclion of any and all bUildings Of improvements now being erected or to be erected on said premises.
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<br />i. To nm ren! or assign any part of the rent of said mortgaged property or demolish~ or remove, or
<br />substantially alter any building without the written consent of the mortgagee.
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<br />j, AU awards of daJ11llgeS in ~onnection with any (.'Ondemnation for public use of or injury toanyof~
<br />property 'ubject IQ this mortgage are hereby assigned and shall be paid 10 mortgagee, who may apply the'_IIl-
<br />payment of the installments last due under said nOle, and mortgagee is hereby authorized, in the _ of-the
<br />mortgagor. to execute and dehver valid acquittances thereof and to appeal from anysuth award.
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<br />k, The mortgagee shall have the righl to inspect the mortgaged premises at any reasonable time.
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<br />I. To comply with the provisions of any lease if this Mortgage is on II leasehold. If this M~ is on a
<br />un;: in ~ ;;ond.om;ni~m or a p!:mned unit deve!~men!. Bt!rrower !i!W! perform aU of Borrower's oM_Jon!
<br />under the declaration or covenants creating or governing the condominium or planned -.nit developlDllllt,tbe
<br />hy-laws and retulatIDm of Ihe condominium or planned unil development, and constituent documents.
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<br />2. Default in any of the c:wenants or conditions of Ihis inslrument or of the note or loan alleement secured hereby
<br />shall terminate the mortgagor', right to possession. use, and enjoyment of the proput)', at the option of the
<br />mortgagee or assigns (it being agreed that lhe mortgagor shall have such right until default). Upon any such
<br />default. the mortpgee shall become the owner of all of the renlS and profits a(.'Curing after default as security for
<br />Ihe indebtedness secured hereby. with the right to enter upon said propeny for the purpose of collecting such
<br />renlS and profits, This instrument shall operate as an assignment of any rentals on said property to that e'ltent.
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<br />3, If the mortgagor defaults. and fails to make any payments when due Ot 10 conform to and comply with any of
<br />the conditions or agreements contained in this mortgage or Ihe nOtes which iI secures. then the entire principal
<br />sum and accrued interest shall at once ba:ome due and payable. and draw 15.~ per cent (15.~._....) interest
<br />thereafter until paid at the election of the mortgagee; and this mortgage may thereupon be foreclosed immediately
<br />for the whole of the indebtedness hereby 'ecured, iocluding the cost of extending the abstract of title from the
<br />date of this mortgage to the mile of comwendng such suit.
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<br />4. [n the event of a fO<<lClosur" or default as pr()vlded herein. the morlaqee shall at once be entitled to the pos-
<br />__\ion. lise, and enjoyment of the real estate aforesaid and 10 the rent, issues. royalties. and PR'fils thereof.
<br />from the ac.;ruing of ,uch nghts and during the pendency of forecl~ure proceedings and ,u~h posses,ions, elc..
<br />.ball al on~"e be deliver<Xl 10 the mortgagee upon reque$l. upon failure such delivery of su~h pos;es,(on may be
<br />Ci\fu<~ by ;;wfi~, by :lIIY appropriate Ie..i pro..'ecdil18', irn:luding II recelVet for the propt:rty,
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<br />5. 'l1w p!LlCec,b ,of au)' ~e of sa..id ph~rt}' in accordance with th~ rr<<.-edmg pafagra.p:h~ ~haU tw~ <lpphe'd fi~\;! to
<br />PlY the c..~ and eapen~ \)f MliO sail:, the eJ\pen;;;:s im:urred by !he mongagee for thl:' PUflX'''' or f)rmC\'l1ng ot
<br />malnlll.inibjl said PfDPfrlY, '<<oDdly, to [>IIY the indebtedness ,ecured herehy; au.! thirdly, 10 ray auI' "uplu, n,
<br />~-~k~ p.) the; ~on <.-:tt per~"m lqaUy entitl~ t~e!o,
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