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<br />d. For better security of_ehe indebtedness hereby secured, upon the request Of the mortgagee, 4[S SllCCeS5gr5
<br />or assigns, mortgagor shall execute and-deliver :a supplemental mortgage or mortgages covering any additions,
<br />improvements,-or betterments made o the propertyhereinabove described and all ,property acquirediby it after
<br />the date hereof (all in form satisfactory to :mortgagee):'.Futhermore; should mortgagor fail to cure any default
<br />in thespayment of a prior or inferior encumbrance omthe 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 />shal(become part of the indebtednessseeured by this instrument, subject to the samaterms and conditions:
<br />e. The rights created by-this conveyance shall remain in-full force and effect during any postpohement or
<br />extension of the `time of She paymem of the indebtedness evidenced by said promissory note or notes, or any
<br />part hereof"secured hereby;.
<br />f. To continuously maintain:hazardinsurance, of such type oc types and in such amounts as the mortgagee
<br />may from time to time require on he 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 [o mortgagee and the
<br />policies and renewals thereof shall beheld by mortgagee and have attached thereto loss payable<clauses in favor
<br />of and. in form acceptable•to the mortgagre: In event.-of loss, mortgagor will,give immediate notice in writine
<br />to mortgagee, and: mortgagee may make proof of loss if not made promptly bg 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 he insurance proceeds, or any part thereof, may he applied
<br />by mortgagee ar:its option either to he reduction of he indebtedness hereby secured_or to the restoration or
<br />repair of the property damaged or destroyed. in eventrof foreclosure of this mortgage, or other transfer of rifle
<br />to said property'in extinguishment of the indebtedness secured .hereby, all right; title, and interest o2-the
<br />mortgagor in and to any insurance policies then in force shall-pass to [he purchaser or mortgagee or,, ar the
<br />option of themortgagee;,may be surrendered: for a refund.
<br />g.:To keep aL buildings and other improvements: on said'property in good: repair acid condition• to--
<br />permit, commit;'or suffer no waste; impairment, deterioration ofaaid property or any part thereof; in: he event
<br />of failure of the: mortgagor to: keep the buildings on said premises and' those. erected on csaid premises, or :
<br />improvements thereon, in good repair, the mortgagee may make such repairs as in"its discretion it":may deem.-
<br />necessary for the properpreservation thereof; and the full amountof each and every such payment;shall be
<br />immediately due and payable; and shall be secured bythe loin of'this mortgage.
<br />h. To not -voluntarily' create or permit to:be created against`ahe property subject to this mortgage any lien
<br />or liens inferior o the lien: of this mortgage without written consent of the mortgagee; and,`futher, hat mort-
<br />gagor will keep and maintain tbe same free from the claim of a1L persons`supplyng labor ormaterials'for;,:on-
<br />struction of anyand a1l,buildingsror improvements now being(erectedor to be erected on said premises:
<br />i. To not rent or assign any'part of the rent of said mortgaged property or demolish, or remove, or
<br />substantially alter any building without the written consent of the mortgagce.
<br />i All awazds of damages in-connection with any-condemnation :for :public use of or injury to any of the
<br />property subiect'to this mortga¢e aze hereby assigned and shalGbe paid to mortgagee, who may apply thesame to
<br />payment of the installments last due under said note, .and mortgagee is;hereby-authorized, in-.the name of the
<br />mortgagor, to execute and deliver valid acquittances hereof and to appeal from any uch award.
<br />k. "The mortgagee shall have [he right to inspect he mortgaged: premises at any reasonable time.
<br />1. To comply;wnh the provisions of any:-lease if his Mortgage is on a leasehold. If this. Mortgage is on a '
<br />unit in a condominium or 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 development the
<br />by-laws and regulations of the condominium or planned unit development, and constituent documents.
<br />~. 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 righf, to possession, use, and enjoyment of the property, of the option-of the
<br />mortgagee or assigns (it :being agreed that the mortgagor shall have such right until default): Uponsany such
<br />default, the mortgagee shall become the owner of all ofihe rents and profits accuring after default as 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 instrument shall 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 whern,due or to conform do and comply 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 at once become due and: payable,,,and drawSeVentpgeg,~nt (~~ • ~lo) interest
<br />thereafter until paid at the election of the mortgagee; and this mortgage may thereupon be foreclosed immediately:
<br />for the whole of the indebtedness'hereby secured, including the cost of extending he-abstract of title from the
<br />date of this mortgage to the time of commencing such suit.
<br />4. In the event oC a foreclosure or default as provided herein, the .mortgagee shall of once be entided'to the pos-
<br />L session, use, and ?ntcrvment of the .real estate aforesaid and to the rent, issues, royalties, and.: profits thereof;
<br />from the accruing of much rights and during the. pendency of foredwure proceedings and such possessions, etc.,
<br />shalt at orxe be delivered to the mortgagee upon request; upon failure such delivery of such possession may be
<br />enforced by mortgagee, by any appropriate legal proceedings, including a receiver for the property.
<br />5: The prex;eeds of any sale of said property,in accordattce with the preceding paragraptrs shalt be applied. firsa,to
<br />pay ttte costs and expenses of said sale, the expenses incurred by ehe mortgagee for the purpose of prorecting or
<br />maintaining said property, secondly, to pay the<indebtedness secured hereby;: .and thirdly, to {gay any surplus or
<br />excess to the person, or persors legally entitled thereto.
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