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<br />E ~ .~~C~ 3 i£312
<br />d. For better:security:of-the indebtedness hereby secured. upon the request of the mortgagee; its successors
<br />or assigns; mortgagor stall execute and deliver a supplemental mortgage or-mortgages covering any additions,.
<br />ittnprovements; or tx[terrnents made tv the property hereitiabove described and all prapert}~ acquired by it after
<br />-.the date hereof (all in form yeti<factory to mortgagee); Euthermore; should mortgagor fail to cure any default
<br />4n the pavmerit of a p-ter pr icfenor encumbrance on the property described by this instrument, mortgagarchere-
<br />br tierces to permit mortgagee to care such default, but mortgagee is not obligated to-do so; and such advances
<br />shalt become hart of the indebtedness ecured hycthis instrument, subiect to the samea('rms and conditions,
<br />e. The rie;tts czeated bv,this conveyance shall remain in full force and effect during any postponement or
<br />extension of the time of Lhr payment vi the indebtedness; evidenced by said promissory Hate or Hates; or any..
<br />part thereof st~ured hereby.'
<br />F. To continuously maintain hazord insurance, of such type or ypes-and in such-amounts as'the mortgagee
<br />may from time [o time require on rite improvements Haw yr hereaftervn said property, and .will pay promptly.
<br />when due any premiums therefor. All insurance shelf 6e carried:in companies acceptable to mortgagee and the
<br />policies and renewals therrtSf shall be held by mongaKee and have attached thereto toss payable clauses in favor
<br />of and 'in Farm acceptable to the lttortgagrr. In evenrof loss, mortgagor will give immediate notice in r.ritin~
<br />to monaager, and mortgagee may-make proof. of loss. if not made promptly ,by mortgagor, and each insurance
<br />company canxrned is hereby authorized and directed to make payment'for such"doss dire~;tly to mortgagee
<br />irtstead of to mortgagor and mortgagee iointly; and the insurance proceeds, or any part thereof, mac be applied
<br />b}' mortgagee at its vptiaa either to the reduction of the indebtedness hereby secured-or to the restoration or
<br />repainof the property damaged or destroyed.ln event of foreclosure of this mortgage, ar other-transfer of tide
<br />to said'groprrty-in extnguishmem of the indebtedness secured hereby; all right;'title, and=interest of the.
<br />mortgagor in and to any insurance policies then im force shall 'pass to the purchaser or mortgagee or, at the
<br />apvon 7f he mortgagee, may be sursrndered for a refund:
<br />g., To keep all buildings and other imprcnements on said; property in gaud-.repair and condition; to
<br />permit; commit; tit suffer no waste, impairment, deterioration of said property or any: part thereof;.in the event
<br />of failure of the :mortgagor to keep. the. buildings on ,said premises and those e>ected on said premises, or
<br />improvements shereon. in good repair, the mortgagee may make such repairs as in its discretion it may dean
<br />necessary for !the. proper preservation thereof; and tine ,full amount of each- and every sr^h`payment;shall be
<br />immediately due and payable, and shall be secured by the Lein of this mortgage.
<br />h: To not ++oluntarily create ar, permit tzr be crrated`against'the property subjttn`ta this mortgage. any lien
<br />or liens,inferietr w tltr hen of this. mortgagew;thaut written consent of the mortgagee; and Luther, that'mort-
<br />gagor will keep and maintain the same fret from the i:laim of ail persons supplying labor or materials far con-
<br />structiotr of any-end-all buildings or impravemerttc now bring erected or to be erected on said premises.
<br />is To nor rem ar assign anv :part of the rent of stied mortgaged -property ar demolish, ar remove, yr
<br />substantially titter any hutlding without the written consent of the mortgagce
<br />j. All awards of darnages to cannrction whit anycondemnation for public usex~f ar injury to any:>cl the
<br />prppet'ty sabjcct tt~ this gtortgagr arc hereby assigned and shall be paid to mdngagee, who may applJ the same co
<br />payment of the installrncn[, last due under said note, and mortgagee is hereby authorized, in the name of the
<br />mortgagee, to exxutr and drlivu valid acquittances thrrecrf and: to appeal from any such award.
<br />k. The martgagrt shall havt the right to ittsptct the mortgaged premises at any reasonable time.
<br />i. To comply-.with the provisions: of .anv tease if this 'vlongage is ou a;lrasrhold. if this Mortgage is on a
<br />unit in a condominium or a planned until development,"'.Borrower; shall 'perform al! of Borrower's obligations
<br />under the dnlarattoit or covenaats s:reating ar governing the. condominium or planned unit de.elvpmrnt,[he
<br />by-laws and regulatiatu of the condominium or planned unit deveioptnentand constituent dacwncm,.
<br />2. t7efau;t in any of the covenants or conditions of this nsirvmeni orof the Hate or load. agecment secured hereby
<br />cltali tcrmirtatc the mortgagor's right [o possesston, use,. and enjoyment of -the property:, at the option of the
<br />mortgagee yr usigns (lt being agreed that the mortgagor shaiL have such right until defaults. t_~pon arty such
<br />default, the mortgagee shalt become the owner of all of the rents and profits accuring after default as security for
<br />: the indebtedness secured hereby, with the right to enter upon widproperty,.for Lhe,purposc of collecting such
<br />rents tied profits. This instrument shat! vtxrate as an assignment o; any rentals on said property [v that extent.
<br />- i [# the mortgagor defaults, and faits to ma~e any payments when due or tocanformto and comply with'anyo;
<br />the conditions yr agreement centaincci in [ht's mortgage yr the -Dotes whit~~t ecurec, then thermire principal
<br />sum and scented interest steal! a[ once become due and payable; and drarvZ~efi~per ecat~~~-~%} irzterrst
<br />tttcreatter until paid at the election of the mortgagee; and :his mortgage maythereupon(be foreclosed irnmediately
<br />for the whole aC the indebtedness hereby secured, including the'trost of extending the abstraci.of title Crom the
<br />date of this mortgage tv the time of commencing such sui!.
<br />i. In the event of a foreciasure yr default as pra~rided beret.,, the mortgagee ~:haif at once bt entitled to khe pos-
<br />suss}an, use, and eaioyment :~! the tea} estate aforesaid and to the rent, isst,es rc:ta(tG end pmPtts thcreaf,
<br />from the accruing e ~ ss.;h rights and dur~.<g the ix.ndcnc-~ of I~~~e~lo~nr, prck_cat.i~, and :c.~h ;;ors ~.aons, etc.,
<br />sl:ail at ,~rx be dtli4~rre~t to ;he mortga;,cc upon request, u, on tai! ;rc .uch dth.rry <~' ,tic; p~ tisessiantna}~ he
<br />enforixd bp' mortgagee, by an.~ zpf~ropriate legal ptr>~>~dirsgs, indt~di ~r ~ ~~cei~ cr for [h~ propert;.-
<br />5 The ,rac<et}. t,f an. xtr_ of ,id ptnprrty ~n acct-r.7uncc wilt tfEr pr _.~i;tg .age aphs .La;4 br~ ,tp f+lird first YGr
<br />s~~ the c _.s an:'_ expc~ree. n. sd ii; <.rlc, 'he ex;'>e.x_~ tic ~,rr as h the nnc,n aa,~ger €or the }art t'~-'u ~tf prut~ang c:~t
<br />na.nteir= [:.:a,ti C`r, +..c..d••1. t,t;yap the n~~rr~ccrc ~wr: ,,py. and third. ~ a .ur;,lus or
<br />c,.':.try;~rcc~n r ~r;:m :esa!fycnti,teuthttets.
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