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<br />d. For better security of ehr indebtedness hereby secured, upon the request of the mortgagee, its successors
<br />ou• assigns, mortgagor shall execute and deliver a supplemental martgagz cr mortgages covering any additions,
<br />itprovements, or betterments made to the property hereinabove described and all property acquired by it after
<br />the date hereof (all in farm satisfattary to mortgagee). Futhermore, should mortgagor fait to cure any defauh
<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 cure such default, but morigagee is not obligated to do so; and such advances
<br />strait become part of the Endebtedness 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 />eKtensinn of the time of the payment of the indebtedness evidenced by said promissory note ar notes, or any
<br />part thereof secured hereby.
<br />f. To continuously maintain hazard insurance, of such type or types and in such amounts as the mortgagee
<br />may from time to time require on xhe improvements now or hereafter on said property, and will pay promptly
<br />when due any premiums therefor.:All insurance shall be carried in companies acceptable to mortgagee and the
<br />policies and renewals thereof shall be held by mortgagee and have aetached thereto loss payable clauses in favor
<br />o€ and_in form acceptable to 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 far such toss directly to mortgagee
<br />instead of to mortgagor and mortgagee jointly, and the insurance pra~eeds, or any part thereof, may be applied
<br />by mortgagee at its option either [o the reduction of rite 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 title
<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 poticies thin in force 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 nn said property in gaol 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 />.mprovements thereon, ir. geed repair, ts*.z rnartgagce may make ~!::h repairs as in its discretion it tttay dezm
<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 voluntarily create or permit to be created against the property subject to this mortgage any lien
<br />or liens inferior to the lien of this mortgage without written consem of the mortgagee; and father, that mort-
<br />gagor will keep and maintain the same free from the claim of aU 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 :en[ of said mortgaged properly or demolish, or remove, or
<br />substantially alter any building without the written consent of the mortgagee.
<br />j. Ali awards of damages in connection with any condemnation far public use of ar 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 name of the
<br />mortgagor, to execute and deliver valid acquittances thereof and to appeal from any such award.
<br />k, 7 he 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, tf this Mortgage is on a
<br />unit in a condominium or a planned unit development, Boraawer shall perform all of Borrower's obligations
<br />under the declarazion ar covenants creating or governing the condominium or planned unit development,the
<br />by-taws and regulations of the condomitium or planned unit development, and constituent documents.
<br />2: I?efautt in any of the covenanu or conditions of this instrument or of the note or loan ageement secured hereby
<br />shalC 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 mortgagez shalt become 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 insuumenz shall operate as an assignment af• any rentals on said property to that extene.
<br />3. If the mortgagor defaults, and faits to make any payments when due ar to conform ro and comply with any of
<br />the. conditions or agreements contained. in this mortgage or the notes which it secures, then the entire principal
<br />sum and accrued interest shall a[ once become due and payable, and draw * per cent (17, 5 %) interest
<br />thereafter until. paid. atthe electiau of the mortgagee; and this mortgage may thereupon be foreclosed immediately
<br />for. she wimde of the indebtedness hereby seetred, including the cost of extending zhe abstract of title Eton: the
<br />date of this mortgage to the time of commencing such suit. *Seventeen and one-half
<br />4. In rite event of a foreclosure or default as provided herein,.. the mortgagee shalt at once be entitled to the pos-
<br />f stssian, use,. and estjayment of the rzai estate aforesaid and to the rent, issues, royalties, and profits thereat,
<br />L ftpm the ascruipg of such rights and daring the pendency of foreclosure proceedings and such posszssions, rte.,
<br />shall at once be deEivered to the mortgagee upon request, upon faiEure such delivery of such possession may be
<br />enforce by mortgagee, by any.appropriatz Eegal proceedngs, including a receiver for rite property.
<br />S. The proceeds: of any sale of said property in aa:cordance with the preceding paragraphs shall bz applied first to
<br />pay the rr ti and expznscs of said sale, the expenczs incurred by thr mortgagce for the purpase of proezcting ar
<br />rr:c :~?uir.:r<u said. property., secattdly, to pay the indzbte3n:ss secured hereby; a:rd tltlydiy, to ,nay arty rarpius or
<br />gsrc;; sc e x px~rson or persons fzyallY entitled tlrerete5_
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