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<br />d. For beeter security of the indebtedness hereby secured, upon the request of the mortgagee, .ts successors
<br />oir assigns, mortgagor shalt execute and del`sver a supplemental mortgage or mortgages covering any additions,
<br />improvements, or betterments made to the property hereinabave described and alt property acquired by it after
<br />afaa date hereof (all in form satisfactory to mortgagee). Futhermore, should mortgagor fail to cues any default
<br />in the paytretit t3f a prior or iiferior encumbrance on the property described by this instrument, mortgagor here-
<br />bg agrees to permit mortgagee to cure such default, but mortgagee is mot obligated to do sa; and such advances
<br />sttali becoatte 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 />etitensan of'the time of the payment of the indebtedness evidenced by said promissory note or notes, or any
<br />part" there©f sectrred hereby.
<br />f. To continuously maintain hazard insurance, of such type or types and in such amounts ac the mortgagee
<br />may fzom time to time require an the improvements now or hereafter on said property, and will pay promptly
<br />uthen due°any Premiums therefor. All insurance shall be carried in companies acceptable to mortgagee and the
<br />polices and renewals thereof shall be held by mortgagee and have attached thereto loss payable clauses in favor
<br />of and,in form acceptable to the mortgagee. In event of loss, mortgagor wilt give immediate notice in writing
<br />to mortgagee, and mortgagee may make proof of toss }f not made promptly by mortgagor, and each insurance
<br />company concerned is hereby authorized and directed to make payment for such loss directly co mortgagee
<br />instead of to mortgagor and mortgagee jointly, and the insurance prc-eeds, or any 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. [n event of foreclosure of this mortgage, or other transfer of title
<br />to said. property in extinguishment of the indebtedness secured hereby, alt right, title, and interest of the
<br />mortgagor in and to 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 />gs To keep all buildings and other improvements on said property in good repair and condition; to
<br />permit, commit, 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, is goo3 repair, the mortgagee may make such repairs as i~. ,~s discretion }t may 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 shall be secured by the Lein of this mortgage.
<br />h. To not volantarity create ar permit to be created against the property subject to this mortgage any hen
<br />or liens. inferior to the lien of this mortgage without written consent of the mortgagee; and futher, that mort-
<br />gagor will-keep and maintain the same free from the claim of alt persons supplying labor ar maeerials for con-
<br />struction of any and al( buildings cr improvements now being erected ar to oe erected on said premises.
<br />i. To trot rent or assign any part of the rent off said mortgaged property or demolish, or remove, or
<br />substantially alter any building without the written consent of the mortgagee..
<br />j. Atl awards of damages in connection with any condemnation for public use of or injury to any of the
<br />property subject to this moregage are hereby assigned and. shalt be paid to mortgagee, who may apply the same to
<br />payment of the instalimenu Last due under said note, and mortgagee is hereby authorized, in the name of the
<br />mortgagor, to execute and deliver valid acquittances thereof and to appeal from any such award.
<br />k. The mortgagee shall 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 Mortgageis on a
<br />unit in a condominium or a planned unit development, 13orrower shall perform all of Borrower's obligations
<br />under the declaration or caucttants creating.,: or gavertting the condominium or plaruaed unit. devetopment,the
<br />by-laws and regulations:of' the condominium or plartnE3:unit development, and constituent documents.
<br />2. 13efault in any of the covenants or conditions of this instrument or of the note or Loan ageement secured hereby
<br />shall: terminate the mortgagor's right- to possession; use, and. enjoyment of the property, at rite 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 shalt become the owner of ail of the rents and profits accusing after default as security for
<br />the indebtedness secured hereby, with the right to enter upon said property for the purpose of coheeting such
<br />rents and profits Tttis-instrument,shall operate as an assignment of any rentals on said property to that. extent.:
<br />3. If.the mp~tgagor defaults, and fails to make any payments when due or to conform [o and comply with any of
<br />the conditions o< agrt:emcnts contained in this mortgage or the notes which it secures, then the entire principal
<br />sum and axrued interest shall at once became. due, and payable, and draw * per cent (18_=0__°!0) interes[
<br />:};o;~eta. ,n,io r3td _ ,~.. ate,-rtan of the ~flrteagee; and this mortgage may thereupon be foreclosed itnmediateiy
<br />for the whole cf the iudalxedness hereby secured,. including the cost of extending the abstract of Yitle from: the
<br />date of thi; mortgage to tits time of rnrmnenctng such su'st. *Ei.ghteen Percent
<br />4; lie the event of a foreclosure ar default as provided herein, the mortgagee. shall at once be entitled to the pos-
<br />t. session, use, and cnyaymertt of the real estate afcsresaid and. to the rent, issues, royalties, and protts thereat,
<br />~, {rota the ac~'ruinx .r% ctrclt riglxts and during. the pendency of foreclosure proceedings and such possessions, etc.,
<br />s4u:i1 at otre bz driircrrr3 to the: rnvrtgagee upon :request, upon failure such. delivery of such possession may ire
<br />cuforc.~i by muct;~ag€x;, by any appropriate legal.procecdirtgs, including a receiver for the property.
<br />Ss ~'t:c K'r~~°d5 +rt arry sate of said property in accotdarw."c with the preceding t>aragraghs shalt fre applied first to
<br />t'ay ,i:+: t~,sts ~n:t expenses of said: sale,.. rite expenc:esincurred by the mortgagee for the purpose t>f protecting or
<br />~r:~tii;taitting wt:tt isratperty, sadly, to pay tite:indchtedness sres3. ireretrw, and thirdtyv to pay atsy surplus err
<br />excr~s t' rk:s ,wr:s;r. or persatns legally enttt~t tt",~r€tu.
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