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<br />Release Schedule of Sold Units:
<br />Lots 9, lo, & 11 - $43,~00.0o each $2--~0391~
<br />Lot 12 - $58,900:00
<br />d. For better security of the-indebtedness hereby secured, upon the request of the mortgagee; its successors
<br />or assigns, mortgagor shaft-execute and deliver a supplemental-mortgage or mortgages covering any additions;
<br />improvemems, of betterments made ro the property hereinatiove described-and a!b property acquired by it after
<br />fhe date hereof (all in form satisfactory to mortgagee).;Futhermore; should mortgagor fail to cure an>~ default
<br />r in the payment of a prior ornfzrior encumbrance on the property. described by this instrument, mortgagor here-
<br />( h} agrees to permit mortgagee ro cure strch default, but mortgagee. is not obligated to do so; and sash advances
<br />shall become part of the indebtedness secured by his instrument, subject to thesame'tcrms and conditions.
<br />e. The rights created bythisconveyance~shall,remainin full. force andaffect during any postponement or
<br />extension of the time of the payment of the indebtedness evidenced by said promissory note or notes, ur any
<br />pan thereof secured hereby.
<br />f. To continuously maintain hazard insurance; of such ype or tapes 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 thereof shall be held b}".mortgagee and have attached thereto toss-payable clauses in favor
<br />of and in .form acceptable to the mortgagce. 1n event. of`loss, mortgagor'wili give imtnediate notice in writing
<br />to mortgagee, and mortgagee may make proof of loss>if not made promptly Sy mortgagoq ,and each insurance
<br />company concerned is hereby authorized and direcced' to make .payment for such' loss directly to mortgagee
<br />.`instead of to mortgagor and mortgagee jointly, and zhe insuranceprocceds, or. any part thereof, may be applied
<br />by mortgagee at its option either to'the reductian of'the indebtedness hereby. secured. or to the restoration or
<br />repaif of t5e property damaged ar destroyed: In event of foreclosure of this `mortgage; orother transfer of title
<br />to said' property,in extin~tishment' of the indebtedness secured hereby,. 21t right, title, and interest of the
<br />mortgagor in and to any insurance policies then in force shall pass to the purchaser ar:mortgauee or, at the
<br />option: of the mortgagce, maybe surrendered for a refund.'
<br />g.'To keep all buildings and ¢ther improvements on said property' in good repair and condition; to
<br />permit„ commit, or suffer' no waste,, impairment, deterioration of Said properly or any patt thereof; in the cvem
<br />of failure of the: mortgagor to keep: the buildings on said premises and'those erected an said. premdses, or
<br />improvements thereon, in'good repair, the mortgagce may make such repairs as id its discretion it' may dcem
<br />necessary for the proper preservation thereof;,and the full amount of each and every such payment shall be
<br />immediately due and payable;: and shalt be secured by the leis of this mortgage-
<br />h. To not voluntarily create or permit to be created against the property subject othis-mortgage any lien
<br />or Liens inferior to the lien of this mortgage without written. consent of the mortgagee; and futher, that: most-
<br />gagor will keep-and maintain the same. free from the claim of a!l persons supplying labor or materials for an-
<br />struction of any. and all buildings orimprovcments now being erected or 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 mortgagee.
<br />j. All awards of damages in connection with any cone-mnation for public use, of or injury to any of the
<br />property sublets [o thin mortgage are hereby assigned aad shall be paid to mortgagee;: who may apply the ame to
<br />paymem of the installments last due•under said note; and mortgagee is hereby authorized, in the name-ot the
<br />mortgagor, ro execute and deliver valid acquittances thereof and to appeal from any such award.
<br />k. The mortgagce shalLhave [hesight to inspect the tnongaged premises at any reasonable dme.
<br />1. To comply with the provisions of any lease if this'Mortgage is on a-leasehold. If this Mortgage is on-a
<br />unit in a condominium or a planned umt development, Borrower hail perform all pf Borrower's obligations
<br />under the declaration or covenants creating or governing the condominium or planned unit'deveiopment,the
<br />by-laws and regularons of the condominium or planned unit development, and cons[ituertt documents.
<br />2. Default in any of the covenant, or conditions of.this•instrtiment or of the note'er loan ageement secured hereby
<br />shall terminate the mortgagor's right to possession,,use, and enjoyment of the pro~rty, at the option of the
<br />mortgagee or assigns (it being agreed that the ireottgagor shall har•e such right until default}. Upon any such
<br />default, the mortgagee shall become the owner of all of the rents and profits assuring afterdefauit as s~vriry l~or
<br />the indebtedness securty hereby, with the right to enter utx~n said property for the. purposeot collecting such
<br />rents artd profits. This instrument shall cperate'as an assignment of ern' rentals i+n paid property to that extent.
<br />3_ If the mortgagor defaalts, and tails to make any payments. when due or co cenferrn to and comply +tithany of
<br />the conditions or agreements contained m this mortgagaor the notes which it secures, then the enure principal
<br />sum and accrued interest shall at once become due and,payable, and draw _* per cent ( * 4to} interest
<br />th[`reafter until paid a[ the election of the mottgagee; and ibis mortgage may thereupon be foreclosed immediately
<br />Cor the whole of the indebtedness hereby secured, includinK the cost of extending the abstract of titkfrom the
<br />date of this mot a c tp [he,timc of cemrtt c g wch s i[_ >`3 zt d or. tt ^oti~ mo - e bti-
<br />reg~sterec~ Mail ~a case o~ ~'efaul~.MOr~ga~o~ wi1Q `lave ~en ~~I~~`T~a,ys
<br />to respond.
<br />4, in the event of a Coreclosure or default as provided herein, the mortgagee. shall at once be entitled to the pos-
<br />t session, use, and enjoyment nr the real estate aforesaid and to the rent, issues oyalucs a:rd prukru thereof,
<br />from the arsutrg of such rights and dunng t;te pcndencti' or toreelasure preceedinivti ared suih po.~es itms,etc.,
<br />shaIl at once be delivered to the mortgagee upon request, eporr failure such delivery of Ott pos:;cisimi may be
<br />^nforced by :nonyagee, 6y any appropriate legal peck:::r:lugs, inciudin~ ~ rec.i~er for the pent>rrt~~.
<br />5. The prc>Leeds of any salt of rwtid pro~re t} in acu;r;iancr w+th the ~•ra°edutg ga asi-~, h', I~.,tl Lc .egt;;vd !:r, rb
<br />pati tt;a costs and cxpenv~. <~Y =.aid ;a3e, the expen_.: -rcurred t?p :he ra~~ ;;¢+gc~ rue the ; r _ ~c +. ° fix, ,, - .a~, or
<br />;t:atnt;iintn~ >?~e4 pry:~tty, scaz~ully, to pay the in.lcDreduc• s a^,ur_d t ruby; a :,, ._er_1ly . ; hey : i s, ., ,,
<br />axet--s ir= [hc pcrscn r ~rs,+,r~ 1-~~allq cut dcd ib. res ~~.
<br />*. ttrr!- _at~~ sha11_ '~.^_ b ,:~ ,a ;, ~h, ~~ii~~r.inr: cri~n;t•+:
<br />3 -.Ii•• _.1 ~ - -.
<br />a ~ . _iaot ~_ 1 _i+ . ha± ._ r •a +, _ ~ . t~,,rt, c 9_ 4 ~~re = t I n ~~ f
<br />. b sa+ra a: 7-.~~ttv4et 13~ ,t.t; .
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