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<br />82--~1(~253~3
<br />d. For better security of the indebtedness hereby secured,-upon the request of the mortgagee, its successors
<br />ar assigns, mortgagor shaft execute and deliver a supplemental mortgage or mortgages. covering any additions,
<br />improvements:-or betterments made to the property hereinabove described and all property acquired by it after
<br />the da[e herecF (all in form satisfactory to,mortgagee). Futhermore, shau[d 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 default, but mortgagee is not. obligated to do so;'and such advances
<br />shall become pact of the indebtedness secured by this instrttmetit, 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 aid promissory nofe or notes, or any
<br />part hereof secured hereby.
<br />f.,To continuously. maintain :hazard insurance; of such type or types. and iu such amounts as the.:mortgagee
<br />may -from time to time require on' the improvements now or hereafteron said property, and will pay, promptly
<br />when due any.. premiums therefor. All insurance shall be carried in companies acceptable to mortgagee and [he
<br />policies and renewals thereof shall be held by-mortgagee and have attached thereto9oss payable clauses in favor
<br />of and in form' acceptable to the mortgagee. Irr 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 directly to mortgagee
<br />instead of to mortgagor and mortgagee jointly, and the insurance. proceeds., orany part thereof, maybe applied
<br />by mortgagee aY 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 title
<br />to said property in .extinguishment of the indebtedness secured hereby, all. right, title, and interest of -the
<br />mortgagor in and to aqy insurance' policies. then. 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 on said property in good repair and condition; to
<br />permit, commit, pr suffer no waste, impairment, ;deterioration of said property or any part thereof; ih'the event
<br />of failure of the mortgagor to .keep the buildings_on said premises and dhase erected on said premises, or
<br />improvements thereon, im good repair, the mortgagee may make such repairs as in its discretion it may deem
<br />necessary for the proper preservation. thereof; and the fu1P amount of` each. and. every such '.payment shall be
<br />immediately due and payable; and shall be secured by the iein 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 consent of the mortgagee; and father,-tha[ mort-
<br />gagor wilt keep and maintain the same free 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 />is To not rent or_assign any part of the rent of said mortgaged ,property or demolish, or `remove, 'or
<br />.substantially alter any building syithout the written consentbf ei.e 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 applyzhe same'to
<br />payment of the installments last due under said note;. and mortgagee is hereby authorized,i in the name of the
<br />mortgagor, to execute and deliver valid acquittances hereof and to appeal from anysuch award.
<br />k. The mortgagee shall have: the right to inspect the mortgaged premises at any. reasonable time.
<br />I. To comply with the provisions of any lease if his Mortgage is on a Leasehold. If this Mortgage is on a
<br />unit in a condominium-ar a planned unit development, Borrower shall. perform all of-Borrower's' obligations
<br />under the declaration or covenants creating, or governing the condominium or:planned unit developmeat,the
<br />by-laws and regulationsof thecondominium or planned unit development,-and constituenrdocuments,
<br />2. Default in any of 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 ahe
<br />mortgagee or assigns (ie being agreed that he mortgagor shall have such right until default). Upon;hany such;
<br />default, the mortgagee,shall become the owner of all of the rents and profits accuuing after defaultas 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 instrumentshall operate as an assignment 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 eomply,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 of once become due :and payable, and draw ' .per .cent.. ( ' %) interest
<br />thereafter until. paid at the election of the mortgagee; and this mortgage may theeeupon 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 this mortgage to the time of commencing such suit. Flpat- at C,N.B. Base Rate Adjusted Quarterl7
<br />4. [n the event of a foreclosure or default as provided herein, the mortgagee shall at once be entitled to the pos-
<br />session, use, and enjoyment of the real estate aforesaid and tc the rear, issues,. royalties,. and profits thereof.,`
<br />fromrthe accruing of such rights and during-the pendency of foreclosure proceedings and such possessions, etc:,
<br />shall. at once,bt: delivered' o the mortgagee. upon request, upon. failure such delivery of such. possession may fie
<br />enforctd by mortgagee, by any appropriate legal proceedings, including a receiver. far the property.
<br />5. The proceeds of any sale. of said property itr accordance with the preceding paragraphs shalE be applied ftrn to
<br />pay the costs and expenses of said sate, thc;expencesincurred by. the :mortgagee .for the purpose ofprotcctingor
<br />maintainrng said. property, secondly, to pay the indebtedness secured hereby; and thirdly, [o pay any. surplus or
<br />c~;ces~ ~o the person or persons legally entitledxhereto;
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