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<br />- d. For better ~ecurisy of the indebtedness hereb •, secured, it ~~ ~ t}
<br />7 pon the request of the mortgagee, ns successors
<br />~or assigns, +nortgaeor shall execute and'deiiver asnpptementa7 mortga¢e or mangages covering any additions,
<br />itnpro~ements, nr bertes•ments made to the property hereinabove described and'-a1! propeny acuuired by it after
<br />the date hereof loll inform saiisfactprrr to mortgagee). Fiuhermore, should mortgagor fail to cure anv default
<br />_. ~ in the payment of a prior or inferior encumbrance on the property described by this instrument, mortgaeer here-
<br />by agues to permit mortgagee to. cure sack default, but mortgagee a not obligated to do so; and such advance;
<br />shall become part of the indebtedness secured h}' this instrument, subject. to the same terms and conditions.
<br />e. The rights created by this conveyance shah remain. in fall force and effect during any postponement ar
<br />extension of the time of °the payment of the indebtedness evidenced by, said promissory note or notes, or anv
<br />part thereof secured hereby.
<br />f. To continuously maintainfiazard insurance, of;such type ortypes and in such amounts as the mortgagee
<br />may from time: to time require on .the 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 tthereof 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, grid 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 directly to .tnongagee
<br />instead. of to mortgagorand mortgage.joindy, and the insurance. proceeds, or any pan thereof, may: be applied
<br />by mongagee at its option either to the reduction of the indebtedness"hereby secured ar'to the restoration or
<br />repair of the property damaged oY destroyed: In went of foreclosure of .this mortgage, or other transfer of title
<br />to said` propeny in extinguishment of the indebtedness secured hereby, all :right, tide,, 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 mortgagee, may be urrendered for a refund.
<br />To keep all buildings and other improvemenu pn said property in good repair and condition- to
<br />permit;. catttmit, or suffer no waste, impairment, deterioration of said property or-any pan, hereof- in the e~•ent
<br />of failure of the mortgagor. to keep the: buildings on said premises and-those erecltd an said premises` or
<br />improvements thereon, in good repair, the mpngagtt may make such. repairs as in its discretion it may iieem
<br />necessary for the proper preservation thereof; and the full amount of each and every. such payment shall he
<br />immediately due and payable, and shall bt sccurtd by the Lein of this mprtgage.
<br />h. To not voluntarily create pr permit to bt treated against the property subject to this mortgage anv lien
<br />ar liens inferior to the Lien of this mortgage without +vritttn consent of the mortgagee; and futher,_that most-
<br />gagor will keep and maintain the saint fret from ahe ekaim of all persons supplying labor or materials for con-
<br />struction of any and all buildings or improvements now being erected onto be erected pn said premises.
<br />i. To not rent or assign any part of the rent of cold mortgaged property or demolish, or remove, ar
<br />substantially alter any building without the wrinen consent of the mortgagee.
<br />j. AH awards of damages in conncetion.with any: condemnation for public use of or',injury to any of the
<br />property subject to this mortgage are hertby,assigntd and shall'be paid ta'mortgagte, who may apply the same to
<br />payment of the installments last dut under said note, and mortgagee is hereby authorized; in the name of he
<br />mortgagor, to execute and deliver valid acquittances thereof and to aplxai frortt,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, Raserf this Mortgage is on a leasehold. If this Mortgage is an a
<br />unit in' a condominium pr a planned unit development, Borrower shall perform all of Borrower's obligations
<br />under the declaration or cpvertants crtaCsng ar governing [he condominium oY planned unit development;the
<br />by-taws and regulations of the condaminiitm or planned unit development, and constituent documents.
<br />2: Default in any of the rnvettants or wnditions of this instrumtntr or of the note or lpan 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 ar assigns (it :being agreed t}rat rite mortgagor shall have such right until default}. Upon any such..
<br />default, the mortgagee steal! becprri+e the owner of all ref the rents and profits accusing after. default as security: far.
<br />the indebtedness secured hereby, with the right to enter utwn said property-for the purpose of collecting such
<br />rents and profits. This instrument shall operate as an assignmerrof any rentals on said property to that extent. -
<br />3. If the mortgagor defaults, and fails to make any payments when due ar to conform to and comply with any of
<br />the Condit"sons or agreements contained in this rnprtgage or the notes which it secures,. then the entire principal.:
<br />sum and acerutd inttrtsC shall at once become due and payable, and draw * per cent (16-~~} interest'
<br />thereafter until paid at the,tlection of the mortgagee; anti this mortgage may thereupon be foreclosed immediately
<br />for the whole of the indebtedness hereby secured, including.: the cost of extending the abstract of title from the
<br />date of thu enongage to tht iirnt of cantmectcing such suit. *Sixteen and thxee-eiuarter~
<br />4. In the event of a foreclosure Or default as pravtded htrtin, the mortgagee shall at once be entitled to the pos-
<br />sessian, u.se, and enjoyment of the real Mate afpresaid and to the rent, ;sues, 'royalties, arsd profits thereof,
<br />L `tom the accruing of s3ch rights anal daring the pendency of fareclasure proceedings and such possessions, etc.,
<br />il~nii at aticc Ix atlivtred to the m~gageeupon request, upon failure such delivery of such: possession may he.
<br />enft+rced by mortgagee; by arty appropriate Icgal proceedings, including a recctver.fzx thepraperty. :
<br />S. Thy nra:ced. t-f any sale of said property in aceordancc with the precedir•t ,paragraphs shall be anpiied Ctrsr to
<br />'>ar Fee. c:oSLs turd cspe+t cs of said sak. the expenses incurred by_tfic m~rtg:egec fox the puF'faa3s ;tf prczta~ iq; or
<br />natnuaiain~Z sai:3 ~roaerty.. sernrx}ly, to ~sy the incltbtc~lness securectherta3; andalsirdty, ta..pa>an„v surp,u;~ pr
<br />r s tc> ,hc z~r.;,r, ur perms tcgaUy ernul~:i thereto.
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