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<br />d, For better security of she indebtedness hereby secured, upon the request of the mortgagee, its successors
<br />otr assgats, mortgagor shall exceute and deliver a supplemental martgage or mortgages covering any additions,
<br />`snnprdvements, or betterments made to the property hereinabove described and all property acquired by it after
<br />' ttte date hereof (all in form satisfactory to mortgagee). Futhermore, should mortgagor fail to cure any default
<br />in the payment of a prior or inferior encumbrance on the property described 6y this instrument, mortgagor here-
<br />by agrees to permit mortgagce to cure such default:, but mortgagee is not obligated to do so; aad such advances
<br />shall 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 isms. of the payment cf the indebtedness evidenced by said promissory note or notes, or any
<br />part thereof secured hereby,
<br />f. To eontinuoasty maintain hazard insurance, of such type or types and in such amounts as the mortgagee
<br />Wray-from time to limo require on the improvements now or hereafter on said property, and will pay promptly
<br />when. due-any premiums therefor, All insurance shalt be carved in companies acceptable to mortgagee and the
<br />policies and renewals thereof shall be held by mortgagee and have attached thereto loss payable clauses. in favor
<br />of and in form acceptable [o the mortgagee, In event of loss, mortgagor will give immediate notice in writing
<br />to mortgagee, and. mortgagee 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 directty to mortgagee
<br />instead. of to mortgagor and mortgagee jointly, and the insurance proceeds, 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. In event of foreclosure of this mortgage, or other transfer of tithe
<br />to said property in extinguishment of the indebtedness secured hereby, all right, title, and interest of the
<br />mortgagor in and to any insurance policies then in force shall pass to the purchaser or mortgagee or, at the
<br />option of the mongagee, 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, 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, in good repair, the mortgagee may make such repairs as in its discretion it may deem
<br />necessary far 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 lain of this mortgage.
<br />h. To not voluntarily create or permit to he created against the property subject to this mortgage any lien
<br />or liens inferior to the lien of this mongage without written consent of the mortgagee; and futher, that mort-
<br />gagor wilt keep and maintain the same fees from the claim of all persons supplying labor or materials for con-
<br />struction of any and all buildings or improvements now being erected or to be erected. on said premises.
<br />i. To not rent or assign any part of the rent of said mortgaged property yr demolish, or remove, or
<br />substantially alter any building without the written 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 assigned and shall be paid to mortgagee, who may apply the same to
<br />payment of the installments last due under said note, and mortgagee is hereby authorized, in the Warne. 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 rase if this Mongage is on a leasehold. If this Mortgage. is on a
<br />unit. in: a :condominium or a planned. unit development, Borrower shall perform all of Borrower's obligations
<br />urtder the: dectaratian or covenants creating. or governing the condominium or planned unit developtnettgthe
<br />by-laws attd reputations>o$:the condominium or planned unit development, and constituent documents.
<br />2. t3efault in aayof 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 the option of the
<br />mortgagee or assigns {it: being agreed that. the" mortgagor shall have such right until defau[y. Upon. any: such
<br />default, the,mortgagee shalt becort£e the owner of all of the rents and profiu accuring after default. as security .for
<br />the,ndebtedness secured hereby, with the. right to enter upon said property for the purpose of collecting such
<br />rents_and profits. Phis instrument shall operate as anassagnment 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 conditions or agreements contained "rn this mortgage. or the notes wltieh it secures, then. the entire principal
<br />sum and atxrued interest shall at once become due. and payable, and draw * per cent {~,S1.,~10) interest
<br />thereafter until paid at the election of the inartgagee; and this mortgage tray thereupon: be foreclosed. immediately
<br />for [ht wltOle of theindebtednessnereny seCtired, tn4`tudngte`tc last of a.,.....xd.,.a the ~hztrart of title from the
<br />date of the; mortgage to;the time of commencing such stall. *~ghCeen Percent
<br />~t. In the evert of a foreclUSUre ter.dGfauitasrpravded.herein,,the mortgagee shall at once be entitled to the pos-
<br />session, use, and enjoyment of the real estate afot'e:±aid and to the rent, issues, ro}~aitles, and profits. thereof,
<br />frcun the a~:cruing of such rights and during the pemdency-of foreclosure proceedings and such possessions. ate.,
<br />shall at suer bt ,letiveretf to the mortgagee upon request. upon failure such delivery of such possession may be
<br />rri [~rccd 5} ntarrgyigte, by any appropriate kga! proceedings, ins:luriing s receiver foe the property.
<br />S. "I}at ,=rcxcti~ri of any .sale of said. progeny in accardancs wish the preceding ;mragraphs shall ~ applied first to
<br />pay tits :;*yu and expetrses of said-sale, the cxpenctsSnx~axrrocl by the mortpag~ee for the. purpx~se of prcrt~`ting r+r
<br />Brasint~i;tiezg `said progeny, sec;xntlly, to-.pay the ist>:tchtedn~.5 securt^rl hertla>~; and thirdly, t,.~ pay arty surphts of
<br />e+::_r_~y .~ ct<~ person csr persona. ie~a[lty entitled tlect'cto.
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