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~2'~U (~~3 0 U <br />d: For better security of the indebtedness hereby secured, uponthe request of the mortgagee, its successors <br />or ass>gns, mortgagor shall execute and:deliver a'suppiementnl mortgage or mortgages covering any additions,. <br />imtyrov~ments. ar betterments made to She prppcrty hereinabpve described and all property acquired by it after <br />the date hereof (ail in firm ;aril€actory to mortgagee). Futhermore, should mortgagor fail to cure any default <br />in the pa}meni of a prior nrinfenor encumt+rance on the property described by this instnimenf, mortgagor here- <br />sy agrees to permit mortgagee to cure such default, but mortgagee is npt obligated tta dose; artdauch advances <br />shall become parr of the indebtedness secured by this instrument, subject to the same terms andcohditions. <br />c. The rights cr~ared by this conveyance shall remain in full force and effect during any postponement or <br />ext?nsion of the tine of the payment t*f the indebtedaess evidenced by said pramissoty npte or notes, or anv <br />pare eh..^reof secured heretic. <br />f. To centinu«usly maintain hazard insurance,: of such type pr types and in such amounts as the mortgagee <br />map from time to time require on the improvements now or Fi. flee onsaidproperty, add will pa}' promptly <br />»~hen due any premiums therefor, ;11i instrrance`shall'he carried in companies acceptable to mortgagee and the <br />policies and renewals thereof shall be held by mortgagee and have 2ttached thereto loss payable clauses in favor <br />of and in form acceptable to the-mortgagee. Invent of'loss, mortgagor will give immediate notice in writing <br />to mortgagee, and mortgage may make proof Of toss T' not made promptly by mortgagor, and each insurance <br />company canocrried is hcrebYauthprizeci and directed eomake payment for such loss directly to mortgagee <br />instead of to mortgagor and mortgagee jointly, and the insurance prcu~erdc, or any part thereof, may be applied <br />by mongagec at its option either to the reduction of the indebtedness hereby secured or to the restoration or <br />repair of ;he property damaged or destroyed. In event of foreclosure. of this mortgage, or other transfer of title <br />to said propcrt} in extinguishment of the indebtedness secured Hereby, all right, title, and interest of the <br />mortgagor ire and to anv insurance policies then in force shalt passe to the. purchaser or mortgagee or, a: the <br />option of the mortgaget, may lag surrendered for a refund. <br />g. To keep all buildings and other improvemenu on sold property is good repair and condition- to <br />permit, commit, or suffer no wa«r, ;mpairment, dtterioratoo of said property'or any patt thereof; in the event <br />of failure o the marr¢agor to k`rp ±he hui;dings nn said. premises and those erected on said premises, or <br />improvements =hereon, in good. repair, the mortgagee trtay make such repairs as in its discretion`i[ may-deem <br />necessary for the proper presenaron theta ~f; and the full amount-of each and cverv such payment shall be <br />immtdiatcly due and payable; and shall bcsecured by the Lein of this mortgage: <br />h. T;, not °:olumarily create r~r pcrrnit to be created against the property subject to this mortgage any: lien <br />or liens inferior to the lien u; th:s mortgage without written consent of themortgagce; and futher, that mort- <br />gagor +vil) keep and maintai^ the ~amc free from the claim pf aU perspns supplying labor or rnaterials for con- <br />s[niction of any and a!! huiidinge ar mprovements`nowtretng rrcetedor tpbe erected on. said premises. <br />i. To not rent or assign any part ,,pf the rrnt of said mnrtgagcd property or demolish, or remove,:. or <br />substantial!) alter any building without the written cosucnisif t~ nottgagec. <br />j. Ali .awards of damages in cxtnncctirrn with any condemnation rot public use ofor injury[o anyaf the <br />property ;ubjn't to tires mongagc arc Hereby assigner and ;hall be paid to rriorigagrt, whomay epply ihesarne to <br />t>nyrmnt of the installments fast clue un<tcr ,aid rule, and murtgagee is herebs~ aatlwrized, m#heinamaofthe <br />mortgagor, to execute and deliver valid acywuantey [hereof and to app~i fcontany sueh`award. <br />k. the mortgagee shall have the right to inspect =.he mortgaged prernisea at any reasonable time. <br />i. To complp with the prvvuions or any leap it this `wtongabe iv on a leasehold. ]f this Mort~ge is on a~. <br />umr in a ~rondominium or a planned unit development, t3orrower shall ;retform aU of BorrovvePs obligatipns: <br />under the declaration or covenants erecting or governing the coudorninium or planned unit deuelopmettt,z~5e <br />by-taws and regulation; of the condominium or planned unit development, and constituent documents. <br />... Default in any of the covrn~nts or ,:anditions of this instrument or ofthe note or Soanageement sunred hereby <br />shall terminate the mortgagor s right to pos,essian, use, ar~d enjoyment of the property, at the option of .the <br />mongagec ar dtisigns {it txing agreed that the mortgagor shall have loch right until default}_ Upon anysuch <br />default, the mortgagee shalt become file owner of ail of the rents and profiU aerating after default as SecuFity for <br />the indebtedness sc,urcl: hereby, with the right .o enter upon sold proper;yfor thepurpose of collecting such <br />rents arn`~ profits. Thi> tnitrmnent shat! operate as an aSSignn7elSi of any tentals.:an'said property ro that extent. <br />3. if the mortgagor defaults, and 'tans tc make any pa>7nenb when due or Zo ~pi)fOrm to and ao:rip; ss-ith xm of <br />t}xt conditions or agr_•emenu con[arncxi in ttds mortgage or the notes which it Seures. then :he eniitc principal <br />stem and accrued interest shaft at Dace become due and p2yabie. and draw : * per ecen: t__j„~_,__4'e} ~ntetcs[ <br />thereafter until paid at ne elecricn oC the morigagec; and this mortgage. may thereupon z ;,xed irrmc .ttr,ty <br />far the whols of she rxlebtedr..es hereby -geared- including the c:?a Jf 4'stendiiig .ham abs:act ,_; t•t.e ;ton: the <br />date c*{ this mortgage to the flint of co:a:nten::'rng such suit. °5e>>c ,feet. <br />a. Fn the cunt of a forccbosurr or d~fauli as previoed hereon- the nortttag~e s?ia,'l atrr,~e hk craitlcc; :u ;Ire pps_ <br />session, use, aik? crjo7°ment of the rca; rstat° afon.v!;d and tc :he rent, i srtcs, rcral=ie~-, aitd prot'is, tfiureief; <br />frrxn 4he accru na t,f cyt°h rig_h,( ,end durinb the Ne:;uctxy oft iasurc _rc.~-edi, s- aru r r~~~r;c, ~~n,. ^.'tc <br />shall at once th delivere,l to ~rhe ,a.tgag,:~ .pc.t, r~~,r atfxx7 fai,ure ru;h ae4i4e ~ c- .,.~ , . ;i,tn ntay trc <br />trtior„xd ty rrr.atga~ec, by ar_y' zpprnixista t_Lai haaaeet rigs, i ai;u~ing a ct:isz: P ~ ,.: f. :;~ c:t} <br />.. 7~hs [", cxtix-ds r a~,. SEIe •~tf vt;d p a~.c'x,; t _~r~.7rS-i ~ :. ,ri t~_ , :.: cv ~.. ., r:: , !:n tic' apeticd t.zji <br />;nY} t`x c ~t ~ d ti.'rirL l5 r~( t a[ 7 1 z toy xt,e r ~- 1 r ~ ` • k C ~ h4 '. : ~ r ~ f tiC43C flit (, r~4r <br />n:n= r ~ to 4ed C":'1~ c vn< s err:,zt_t,.l n.. .u ~cr t,s aar.~ ter,. ~~.. ts> nt: . tilt, plus , <br />c;3cr,s t: 'l'am' ... ~, nr °c .. r,y _,. .. rltereS: ~.. <br />