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<br />S'2~ i~t;1 r;~t
<br />d. For bitter security of the ndebtedness`[ereby secured, upon the request of the mortgagee, its successors
<br />or assigns. mortgagor shall.-executefand deliver a supptementat mortgage or mortgages covering any .additions,;
<br />improvements, or betterments made to the propern' herefnabove described and all property acquired by it after
<br />the dace hereof (a!t in form satistakorv to mortgagee)- Euthermore, should mortgagor fail to cure ang default,
<br />in the patRnent of a prior or inf rior encumbrance on the..propertv described by this irwstrument, mortgagor here
<br />by agrees to permit mortgagee to race such default, but mortgagee is not obligated to do so and such advances°
<br />shall become par, of the indebtedness secured by this instrument.subject to the same terms and condirians:
<br />e. The rights created by this: conveyance. shat[ remain in fuA force and effect during any postponement or
<br />extension of the time of the payment of the indebtedness evidenced by said promissory note ar notes, or any
<br />part thereat secured hueby:.
<br />f. Ta continuously maintain hazard insurance, of such type. or,types and in such amounts as tlte_mortgagee
<br />may from time to time require on the improvements now or hereafter on said. property, and will pay promptly
<br />when date any premiums thtrtfor: AQ insurance shall be carried in2ompanies acceptable to mortgagee and the
<br />policies and renewals thereof shalt 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 toss, mortgagor will give immediate notice in writing
<br />to mortgagee, and mortgagee may make proaf of loss. if not made promptly; by mortgagor, and each:insurance
<br />.company"cogcceaed is hereby. authorized and directed to make, payment for such loss directly to'mortgagee
<br />instead of to raortgagor:aad mongagee jointly,,and :the :insurance proceeds, or any part [hereof, may be applied:
<br />by mortgagee at its oprian ei her to the reduction of the <indebtedness .hereby aerated ar to the restoration or
<br />repair of ttte property damaged or destroyed: In es~ent of forec[asurc of this mortgage, or:other transfer of title
<br />to said paopcrty in c!ttinguishraenr of the. indebtedness secured hereby, .all right, title, and interest. of the:
<br />mortgagor'in and to any insirance policies then in force shalt-pass to the purchaser or [nortgagee or, at the.:
<br />option of the mortgagee, may. be surrendered for a refund.
<br />g. To keep all:buildings and other improvements an said properly in good repair and:condition; to
<br />permit, commit., tx suffer na`waste, im~irxnent, deterioration of said property ar any par[ thereof; in the event
<br />of failure of the mortgagor to keep ±he buildings on,said:premises and those erected an said premises, or
<br />itapraveooents thereon, in good repair, the mortgagee may make such repairs as in its discretion it may deem
<br />necrssaty for the <proper prGServation ahcreof; and the full amount of each and every such payment shall be
<br />imraediatriy due and payable-, and shall be secured by the Lein of this mortgage:.
<br />h. To not voluntarily create or permit to be crtated against the property subject to this mortgage any lien
<br />or lima-:inferior to the Tien of this mortgage without wttitten consent of the mongagee and Father, that mort- `
<br />gagar will kaep atut maintain the same free from the'ciaim of all. persons supplying tabor or materials far can
<br />structian of any and all buildings or improvements now being erected or to be erccttxi nn said premises.
<br />i. To not rent or assign any pan of the rcpt of said mortgaged property of demolish, or remove, ar
<br />stebstantiafty altea any building without the written consent of the:mongagre.
<br />1. All awards of damages in connection with any tuttdemrtaition for puolic use of ur injury to any. of the
<br />property sutrject to [tut mortgageare hereby assigned anti shall be>paid io mortgagee, who may apply the same to
<br />payment of the installments:Iasi due under said note, and mottgattee[s herd,y authorized, m:[he name of the
<br />mortgagor. [o execute and deliver valid aattnttanas thereof and to appeal-from any :such award:.
<br />k. 'fhe mongagce shall have the right to inspect the mortgaged premises at any reasanabte time,
<br />I. Ta comply with the provisions of any Rase if this Mortgage is on a. leasehold: If this Mortgage is an a
<br />unit in a condominium ai a planned unit developratm. >3orrower shall' perform all 'of 13orrawer's obligations
<br />undtr the declaration ar covenants crating ar governing the candominrutn or plaotted unit deve}opment,thc
<br />by-taws and rcgutatians of the condominium or planned uttit development, and constitncnt documents,
<br />2. Default in any of the CaveniplS or conditions of this cnstrumrnt or of the note or loan ageeraem secured hereby
<br />shalt tttmtnatc the mon~or's right ro possession, use, and enjoyment of:the :property, ai:the option of the.
<br />mertga>see ar assigns fit bung agreed that the mortgagor shall have such right until:defauft) ilpon any -such
<br />default. the nsongagee shag become the owner of aII of the rents and profits aerating after default as security for: ,
<br />thr_ irtdcbtedness secured hereby, with the right to enter upon said property:for the purpose of coftecting such
<br />rents and profits. 'This instrument shall otxtatc as an assignment of:any rentals on said property to thatextent.
<br />3, if the monga6or defaults, and `ails to make any payments whrn date or Co conform to and: comply .vith atty of
<br />the ~ro~nditions nr agreements contained in this mortgage cr the Dates which it secares..hen the entire principal',
<br />sum and accrued inttrtst shall at once became due and payable, and draw * per c,,nt t__*._?~ol interest:
<br />fhertafter until paid aC the ehction of the mortgagee; and this tnartgage may thereupon be foreclosed immediately ,
<br />for the whole of the indebtedness hereby set.-urcl., including tbeccut of ~tixtding thcabstract t;f title Crom tha.
<br />date of thu mortgage co the time of commenting such suit.:1nte~est Rate co' ~Laat 1.%2 ovFr C. N. B.
<br />Base late adjusted 2st of c•.,c.n utonth.
<br />Q, In the event of a foreclosure or default as provided herein, the marigatfce shall at once be cnfttcd t:~ the pot»:
<br />Cession, use, and tnjoymtnt of the rent estate afcresaid and co the rent, trues royalties, and prvtit= tlttrtuf
<br />from the [eecrui~ pf sub, rights and during thti lxnd+:ncy of foreciasure ,orcx ~t}ings and ,uch pns.c~,-ions, etc:,
<br />shallot _rnr,~e 6?e r3tiivertd to the mattgagte upon request, i.pan failure such d_livcrv of suc'c peasse~titon,nay he>
<br />rntcrru~l by n7s~rtgagec, by guy approprtatt legal prCxCCdings, metudin>; 3 re°teiver i~t :he prc~per~~;.
<br />_, The Mn~rc~d3 -::f arov ~alr oi" =affil Ma;teriv tt acrordancc wish the prardir:g ~nr2~ta~h> .h.rii L-a^ ,ir.rtd first ta:
<br />~S ihr, c:~ts anQ c:*pcnscs e~S sais9 +ak. the rRpcncc< in~urrtu i:y tltc r.tnrgagt ,..x t2: rtK,.e ~_>, ,.,x~tecL'ttig or
<br />.^~;avra,~ssr:x~, ~.~ nr~~s,-v rr, s,...vruily.:o t~~q the i:utefi~tednec~ -~cri:rcd i rrt,,.: ~.~ ,t,~r['.iv , ;>;rp it.} :,+arplu.5 t>t
<br />cw..c~: t=? :.hr ;~-tea;ra c-, ~z<tarn tt~,yl'r cnt~.tis~ :hrrer.a.
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