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<br />d. For better seturit~ 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 at! property acquired by it after
<br />the date hereof (ail in form satisfactory to mortgagee). ~uthermore, shauid mortgagor fait. to cure any default
<br />in the payment of a prior or inferior encumbrance on the property described by this instrument, mortgagor here-
<br />by agrees to permit mortgagee to ettre such default, but mortgagee is not obligated to do so; and such advances
<br />slsall become part of the indebtedness secured by this instrument, subject to the same terms and conditions.
<br />e. The rights created by this conveyance shall remain in full force and effect during any postponement or
<br />extension of the time of the payment of the indebtedness evidenced by said promissory note or notes, or any
<br />parithereof secured hereby.
<br />f. To cantinuousiy maintain hazard insurance, of such type or types and in such amounts as the mortgagee
<br />ntay from time to time require on the improvements now or hereafter on said property, and will pay promptly
<br />wrhen due any premiums therefor, All insurance shall be carried in companies acceptab-e to mortgagee and the
<br />policies and renewals thereof shall be held by mortgagee and have attached thereto lass payable clauses in favor
<br />of and in form acceptable to the mortgagee. 1n event of toss, mortgagor will give immediate notice in writing
<br />to mortgagee, and morgagee may make proof of loss if not made promptly by mortgagor, and each insurance
<br />company concerned is hereby authorized and directed to make payment for such. loss directly to mortgagee
<br />'instead of to mortgagor and mortgagee jointly, and the insurance proceeds, or am part thereof, may be applied
<br />by mortgagee at its option either to the reduction of the indebtedness hereby secured or to the restoration or
<br />repair of the property damaged or destroyed. En event of foreclosure of this mortgage, or other transfer of title
<br />to said property in extinguishment of the indebtedness secured hereby, ail right, title, and interest of the
<br />mortgagor in and ro any insurance policies then in farce shall pass to the purchaser or mortgagee or, at the
<br />option of the mortgagee, may be surrendered for a refund.
<br />g. To keep all buildings and other improvements on said property in good repair and condition; to
<br />permit, commie, or suffer no waste, impairment, deterioration 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 premises, or
<br />improvements thereon, in good repair, the martgagett may make such repairs as in its discretion it tray deem
<br />necessary for the proper preservation thereof: and the full amount of each and every such payment shall be
<br />immediately due and payable: and shat! be secured by the lem of this mortgage.
<br />h. To not voluntarily create or permit to be created against the property subject to this mortgage any lien
<br />ar liens inferior to the lien of this mortgage without written consent of the mortgagee; and father, that. mort-
<br />gagor wilt keep and maintain the same free from the claim of alt persons supplying labor or materials for con-
<br />struction of any and a!1 buildings or improvements now being erected onto be erected on said premises.
<br />i. Ta no[ rent or assign any part of the rent of said morgaged property or demolish, or remove, or
<br />substantially alter any building without the writ€en consent of the mortgagee.
<br />j. All awards of damages in connection with any condemnation for public use of or injury to any of the
<br />property subject to this mortgage are hereby assigntd and snail be paid co mortgagee, who may apply the same to
<br />payment of the installments last due under said note, and mortgagee is hereby authorized, i;t the name of the
<br />mortgagor,. to execute and tieliver r°aiid acquittances thereof and to appeal front any such award.
<br />k. The mortgagee shalt have the right to inspect the mortgaged premises at any reasonable time.
<br />1. To comply with the provisions of any lease if this Mortgage is on a leasehold. if this Mortgage is on a
<br />unit in a condominium or a planned unit development, Borrower shalt peeform ail of Borrower's obligations
<br />under iht det:iaration or covenants creating or governing the condominium or planned. unit development,the
<br />by-lawaand regulations of the condomihium or planned unit development, and constituent documents.
<br />2. Default in any of the covenants or conditions of this instrument or of the note or loan 2geement secured hereby
<br />shalE terminate the mortgagor's right. 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 right until default). Upon any such.
<br />default, the mortgagee shall becortie the owner of all of the rents and profits accuring after default as security for
<br />the indebtedness secured hereby, with the right to enter upon said. property for the purpose of collecting such
<br />rents. and. profits. This. instrument shall. operate. as an assignment of any rentals on said property to that extent.
<br />3. if the mortgagor defaults, and fails to make any payments when due or to conform to and comply with any of
<br />the ebnditons or agreements contained in this mortgage or the notes which it secures, then the entire principal
<br />- sum-ami accrued interest shall at once become due and payable, and draw _ * per cent ( * %) interest
<br />thereafter until t>atid at the election of the mortgagee; and this mortgage may thereupon be foreclosed immediately
<br />for the: wltflle of the indebtedness hereby secured, including the cost of extending the abstract of title from the
<br />date. of this mortgage to the time of commencing such suit. *C , l`I . B . Base Rate to be aflj tin led
<br />the 1st of each month
<br />4: to tltc,event-of a fortxiosure or default as provided herein, the mortgagee shall at once be entitled to the pos-
<br />session, use, .anti enjoyment of the real estate aforesaid and to the rent, issues, royalties, and profits thereof,
<br />fromtht acxtuing of such rights and during the pcnden.y ot" foreclosure proceedings and such, possessions, etc.,
<br />shall>at onsx be delivered to the nortgagee upon request., upon failure sash delivery of such possession may be
<br />~enftrrtxsi by mortgagee. by any appropriate legal proceedings, including a receiver for the property.
<br />5. The proceeds nt any salt of said property in accordance with the preceding paragraphs shall i,e applied firs;. to
<br />pay. rise coats rend. txpcnses of .said sale,. the rxpen<es incurred by the mortgagee for the purpose of t7rotr<~ting car
<br />maintain*rcp ~;ct protxrty, secondly, to pay the indeluedncss secured hereby: and thirdly. to pay any surplu or
<br />e!€~s to to+~ peru~n <r persons legally entitled thereto.
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