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<br />, dr For better security of the indebtedness hereby secured, upon the request of the mortgagee, its successors
<br />or assigns, rnortsagor sftall execute and deliver a supptememal mortgage or mortgages covering any additions,
<br />improvements, arhetterrnents made to the property hereinabove described and all property acquired by it after
<br />ehe date hereof {all in form satisfactory to mortgagee). Futhermore, should 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 cure such defauif, bud mortgagee is riot obligated to do so; and such advances
<br />shalt 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 />part thereof secured hereby.
<br />f. Ta continuously maintain hazard insurance, of such type or types and in such amounts as the mortgagee
<br />may from time to dme require on the improvements now or hereafter on said property, and wilt pay promptly
<br />wht;n due amp premiums therefor. All insurance shall be carried in companies acceptable to mortgagee.. and the
<br />policies and renewals thereof shalt be he}d 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 inartgagte, and mortgagee may make proof of toss if not made promptly by mortgagor, and each insurance
<br />wntpany concerned is hereby authorized and directed to make payment for such loss directly to mortgagee
<br />instead of ea mortgagor and mortgagee jeirtly, and the insurance proceeds, ar any part the*.eof, may be applied
<br />by mortgagee at its option either to the reduction of the indebtedness hereby sec+rred or to the restoration or
<br />repair of the property damaged or desuayed. ]n event of foreclosure of this mortgage, or other transfer of tide
<br />to said property t`n extinguishment of the indebtedness secured hereby, ail. right, Ciele, and interest of the
<br />mortgagor in and. to any insurance policies then in force shall pass to the purchaser or mortgagee ar, at the
<br />option of the mortgagee, may be surrendered for a refund.
<br />g. To ke~cp all buildings and other improvements on said propetty in good repair and condition• to
<br />permit, commit, or suffer na waste, impairment, deterioration of said property or any pare thereof; in the event
<br />of failure of the mangagor to keep the buildings on said premises and those erected on said premises, or
<br />improvements thereon, in good repair, the mortgagee may make Bach repairs as in its discretion it may deem
<br />necessary for the lvraper preservation thereof; and the full amount of each and curry Bach payment shat! be
<br />immediately due and payable; and shall be secured by the lein of this mortgage-
<br />h. To not voluntarily crpte 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 consent of the mortgagee; and father, that mort-
<br />gagor will keep and maintain the same free from the claim of aN persons supplying lobar ar materials for con-
<br />struction of anc and all buildings of improvements naw ixing erected or to ht erected an said premises.
<br />i.. To riot rmt ar assign any part of the rmt of said mortgaged property ar demolish, or remove, or
<br />sulzstantiaUy alter any building without the written cxtnsent of the mortgagee.
<br />j.:1i1 awards of damages in connection wish any i:andemnation far public use o!' or injury to any of the
<br />property subject to this mortgage are hereby assigned and shall t?e paid to mortgagee, who may apply the sarne to
<br />payment of tttr ietstallments last due under said note, and mortgagee is hereby authorized, in the name of the
<br />mortgagor, to execute ar+d deliver valid acquittances thereof and to appeal from any such. award.
<br />k. The mongagec shall have the rigs+t to inspect the mortgaged premises at any reasonable time..
<br />1. To comply with rite provisions of any 4east of this Mortgage is an a leasehold. iF this Mortgage is an a
<br />unit in a condammium ar a planned urut development, Borrower ahall perform aU of Borrower's obligations
<br />under the dtelaraaion or covertartts creating ar governitEg the condominium or planned unit development the
<br />by-laws and regulations of the coudominium or planned. unit development, and canstituenr documents.
<br />2: Default in any of the covenants or conditions of this instrument or of the Hate or Saari ageement secured hereby
<br />shall. tcrmtttate the mortgagor's right to .possession, use, and enjoyment of the property, at the option of the
<br />mortgage or assigns {it being agreed that the mortgagor shall leave such right until default). Ilpan any such
<br />default, the mortgagee shall. b~am'e the owner of alt of the rents and profits accusing after default as security for
<br />the ittdebtedtxss sxured hereby, with. the right to enter upon said properly far the purpose of collecting such
<br />rents and profits. This instrument shat: operate. as an asssgnment of any rentals an said property zo that. extent.
<br />3. if Clue mortgagor defaults, and fails to make any payments when due or to conform to and cornpiy with any of
<br />the cvr~riorts ar agreements contained in this mortgage ar the Hones which ie secures, than the entire principal
<br />Burn and accrued ituerest shall at once become due and payable, and draw _ *_. per cent { Ifi_(bjA) interest
<br />thcrdaftcr ant+i paid. at the clerion of the mortgagee; an~3 this mortgage may thereupon be foreclosed immediately
<br />for the whole of ttte inda~btedness hereby secured, including the cast of extending the abstract of title from the
<br />d'atr of this mortgage to the time. of eomtttencing.such suit. *Eigltteen Percent
<br />~. in ttrc neRt of x far~lasure or default as provided herein, the mortgagee shall at once be entitled to the pos-
<br />z:ession, ast, attd eni,}ytrent of the real estate aforesaid and, to the. rent, issues, royalties, and profits thereof,
<br />frotrt the a;:cruirrg ok sttclC rights and during the pendency of forcY;osure proceedings and such possessions, etc.,
<br />...shalt at once ix delivered to tTte mortgagee npon request, upon failure such delivery of strc.?t passassian may be
<br />ratorced b~ martuagec, by any appropriate legal praceeEtirtgs; including a rec+eivcr for the property'.
<br />S~ 'f?rc prrx5xatE <,E an} ,:etc ~~i c:,id propirtw ira arc; rttae+t~e +vith tlse ;.rec~di:~g pas~tgraplts >hali }>t atsplird i`irst to
<br />pry C7se cosss ~r+td ezpen a. _~[ %3id ,;aic, the e.x~,ces istc+srresffirp tkr. nr~ ti;;a;tce tcv t}re purpa::t of pratc~+ing ur
<br />r. a3ra~r,:~K ,a.,i Frcrr , se~,yily. to ;Wr> me tndei,:rdness setxrred f?errby, and thtrdly, to pay any surplus or
<br />c„ ~s ra, zhe pa•sax~ ~:r parscsna~ t a ;~, crier rt! cY, ~sret47
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