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<br />d. Far hotter security of the indebtedness hereby secured, upon the request'of the mortgagee, its successors
<br />or assigns, mortgagor shells execute and deliver a supplements}" mortgage: ar mortgages covering any additions:
<br />imp-ovements, or F*etferments made m the property hereinabove described=and alt property acquired by it after
<br />the date hereof (aLl in form satisfacrory to'mertcagee?. hu[hermore, sh;ould~mortgagpr fail to-cureanv default
<br />in the payment of a prior or inferor encembranec ontlte property de,cribed'by this instrumenY,Cmertgagor here-
<br />by aerees to permit mortgagee to here such default, but mortgagee: is not obligated todo so; acid such ads~ances
<br />sh~l1 become part of the indebtedness secured by this instniment„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 rime of [lie payment of the-indebtedness evidenced by said promissory note `or notes, or any
<br />part thereof secured hereby.
<br />f. To continuously maintaie hazard insurance, of such type or, types 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 premiutits.therefor. All insurance shall be carried'in companies acceptable to mortgagee and the
<br />policies and renewals thereof ~haL'be'held by'mortgageeand haveattached-thereto-doss payable clauses in favor
<br />of and in Form acceptable to the mortgagee. Ih event of loss„ mortgagor will give immediate notice in writing
<br />to mortgagce, and mortgagee may'make proof'of loss if:not made promptly by mortgagor, and each instrance
<br />company concerned is hereby. authorized aied`directed'to make'pavmeni for such .loss directly to mortgagee
<br />instead of to mortgagor. and mortgagee jointly,.:and *.he insurance=proceeds,or any. part thereof: may be applied
<br />by mortgagee at its option: either to the reduction of the indebtedness hereby secured or to the restoration i~r
<br />repair of the property damaged or des[royed., In event of foreclosure of this. mortgage, or other transfer` of [itle
<br />to said property'in extinguishmenc of the indebtedness secured hereby, all right; title, and interest of the
<br />mortgagor in and to any; insurance policies then in' force shall pass to the purchaser or mortgagee or, a[ the
<br />option of the mortgagee, may be surrendered for aaefund_
<br />g. To keeg all buildings and ..other improvements on said, property.: in good repair and condition; in
<br />- permit, rnmmit, or suffer no waste, impairment, deterioration of said property or any part thereof; in iheevent
<br />of failure of the mortgagor to keep the buildings on' aid premises and those erected on said premises,:: or
<br />improvements. thereon, in .:good repair, the mortgagee may make such repairs as'sn' its discretion it may deem
<br />necessary for the proper'preserwation thereof; and the full amount ofceach and'every ~~ch payment shall be
<br />immediately due' and payable; and shall be secured by the loin of this mortgage
<br />h. To not voluntarily create or permit to be created against the property subject to this'mortgage ariy lien
<br />or liens inferiorto [he lien-of this mortgage evithout written consent of'the mortgagee; and 5uther, hay ntott-
<br />gagor will keep and maintain the same free: from the claim of all persons supplying labor ormaterials for con-
<br />struction of any and all buildings or improvements now being erected onto be erected on saidpremises.
<br />i. To not rent or assign any part of the rent of said mortgaged property or demolish, or reri2oye, or
<br />substantially alter any building without the written consent of the :mortgagee.
<br />j. All awards of damages in connection with any condemnation for public use of or injury to any of the
<br />property subjectYo [his mortgage are hereby assigned and shall be paid o mortgagee, who may apply the same co
<br />payment of the installments last due under said note,`.andmortgageeis.hereby authorized, in the name of the
<br />mortgagor, co execute and deliver valid acquittances thereof and to appeal from anysuch award.
<br />!c. The mortgagce shalt have therighrto inspect the mortgaged premises at any reasonable time.
<br />l.To comply with the. provisions of any lease ift6is lvloctga~e.ison a leasehold. If this Mortgage is on a
<br />unit in a condominium or a planned unit development, Borrower shall perform s11 of Borrower's obligations
<br />under the declaraUOn or ~rovenants creating or goveroingthe ~ndominium or planned unit development,the
<br />by-laws and regulations of the condominium or planned dni[ dtvelopment, 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 right to possession, use, and enjoyment of the property, at the option of the
<br />mortgagee or assigns (it being agreed that the mortgagor shall have such right until dzfault)_ Upon any such
<br />default, the mortgagee shall become the owner of all of the rents and profits accuring after detault as security for
<br />the indebtedness secured hereby, with the right to en[er upon said property for the ourpcrse of collecting such
<br />rents and profits. This instrumeai shall operate as an assignmem of any rentals on said property to that extent.
<br />3. If the mortgagor defaults, and faili to make any payments when due or to ~onierrn to and comply wG.h an}~ of
<br />the wnditions 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 draw _ *, per,Cent (3_.5 ~ 5 °.o) interest
<br />thereafter until paid at the election cf the mortgagee; and this mortgage may thereupon be foreclosed immediately
<br />for the whole of the indebtedness hereby secured, including the cost of extending the abstract of fide from the
<br />date of this mortgage to the time of eemmencing Bach suit. *Fifteen a,nd OnaJHa 1_f
<br />4. in the evens of a foreclosure or default as provided herein, the mortgagce shall at once be ~ntit]ed to the po;
<br />ses,ion, use, and enjoyment of the real es_ate aforesaid anil to the rent. ust e , ros~al ;es, and pterits thereof,
<br />trom the accruing of such rights ar;d during the pendercv o1 foreclosure proc~edings aru ;uch pc scvsions, etc.,
<br />shall at anee be de{ivered to the rortgagee upor, requc~t, upon fai!ure such delivery of suet: poscsoe mz~ he
<br />enforced by mortgagee, by any appropriate !egai proceedings, ircludirig a receiver for [he propery.
<br />S. The proceeds of aey sale of said property in accord:u~ce with the prcr:fine ~, r ~~-ssph shaJ,;rc applied `first to
<br />pay the ::osts an8 expenses of said sale, the expencee incurred by the. maugag c ~or ;.h: Pin pCt5{:of ProLeotinx of
<br />maantaimng said prJprrty, ,eeondly, ;o pay' the ~ndcbuc;nes t-eCUrcd hCFFbS': +'-d trtirGlY, to,p'ag am surpl~a ~x.
<br />excess to chi person or person : is:g^E1y anti~.ird thetetU.
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