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<br />d. For horses security of the indebtedness hereby secured, upon he tequesC oCthcmortgagee; its successors
<br />or ass%gns, mortgagor shall exer•,zte and deliver a supplemental mortgage oc Mortgages coverng any additions,
<br />..`improvements, or betterments made to the-,property bereinabove'described and all property acquired by it after
<br />the date hereof (a![ in form satisfactory to Mortgagee):: Futhermore; should mortgagor: fail to cure any de±ault
<br />~ in the paymenrof a prior or inferior encumbrance an the property described by this instrt,Ment, mortgagor here-
<br />: ~ by agrees to permit mottgagee tp cure`sueh default, but mortgagee is not obligated. to d~ so: and such advances
<br />shall bccomepart of the indebtedness"secured by this instrument,-subject to the same terms and conditions.
<br />e. The rights created bgthis conveyance shall remain in full force and effectduring any postponement or
<br />extension of the time of the payment of the`indebtedness evidenced by said promissory note or notes, or any
<br />part thereof secured hete6y:
<br />f. To continuously maintain hazard Snsurance,~pF such typeor types andin such amounts as the mortgagee
<br />may from time to'time require on the improvements now or hereafter an said property, and will pay promptly
<br />when due any prgmiums therefor Al} insurance shall be cartied in-companies'aeceptable to mongagee and the
<br />policies and renewals thereof.~?:aabeheld-by mottgagee'and haveattached thereto loss payable clauses in favor
<br />of and id form acceptable"<to'the mortgagee: In event-of loss,. mortgagor will give immediate notice in writing
<br />to mortgagee, and mortgagee may retake procf•of loss if not made promptly by mortgagor, and each insurance
<br />company concerned is hereby authorised and directed to make payment for such lossdirecdy to mortgagee
<br />instead of to mortgagor and mortgagee jointly, and the insurance proceeds, or any part thereof, may be applied
<br />by mortgagce at its.. option eiffiAr to' the reduction of"the indebtedness hereby secured ar`[u' the restoration or
<br />repair of-the property damaged or `destroyed. In event of foreclosure of this mortgage,'or other transfer of title
<br />to said property.. in extinguishment of the indebtedness. secured hereby,. all right, title, and interest of the
<br />mortgagor in and to any msi[rance policies then in force shall pass to the .purchaser or mortgagee of, at the
<br />optiom of the mortgagee, may be surrendered fora refund!
<br />g. To keep all buildings and. other improvements.. on said.. property in good repair and condition; to
<br />permit, commit, orsuffer no"waste, impairment, deterioration of said property or any part thereof; m the even[
<br />of failure- of the: mortgagor to keep the buildings on said premises and "those erected on said premises, or
<br />improvemenu thereon, in: good repair, the mortgagce: may make such repairs as in its discretion it may deem
<br />necessary, for the proper pctservation thereof, and theCfull amount of each and every suet payment shalL'be
<br />immediately due and payable; and shai2 btsecured by the loin of this-mortgage.
<br />h: To not t~oluntariiy create or permit to be created;againstthe property subject'to [his mortgage any {ion
<br />or liens=inferior-to the lien :of this mortgage without w>•ittemconsent of the`mortgagce; and father, that port-
<br />gagor will kcep and maintain the same free from the claim of aEl persons supplying abor or materials for con-
<br />struction of any and all buildings or improvements now being erected or to be erected on said' premises.
<br />i. To not rent or assign any par[ of the rent of said mortgaged property or' demolish, or remove; oz
<br />substantially aster any building withoni the written consent. of the mortgagee:
<br />j. Nll awards of damages in.connection with any condemnation fiat: public use of or injury ro any'of .the
<br />property subject to this mortgage aze hereby assigned andshall bt paid to mortgagee; who may apply the same 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 thereof and to apyeal from anysuch award:
<br />k. The mortgagee shall have the. right to inspect the mortgaged premises at any reasonable lima.
<br />1. To comply with the provisions of any,.. lease if this Mortgage is on a leasehold: If this \9ortgage is on a
<br />unit in a condominium ore planned unit development,".Borrower ,hall perform all of Borrower's obligations
<br />under the declaration or covenants creating or governing the condominium or planned unit developntenttfie
<br />by-taws and regulations of the condominium or planned unit development,;and constituent documents.
<br />2. C>efault in any of the covenants or condutons 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-'tihe propert}, at the option of the
<br />mortgagee or assigns (it being agreed. that the mortgagor shall have such-sigh[ until default). Upon any.. such
<br />default, the mortgagee shall become the owner of all of the rents and profits accuring after default as security for
<br />.toe [ndebtedness secured hereby, with'the right; o enterupon said property for the purpose of collecting such
<br />rend and profit;. This instrument shall operate as an assignment of any rentals on said property to that extent.
<br />_. If the mortgagor defaults, and fails to make any payments when due or to contorm fo and comply with any of
<br />the conditions or agreements contained in this mortgage or the noun wht its eS, then the enure principal
<br />sum and accrued interest shall at once become due and ~ixt~~
<br />pa}'able, and draw per ce~.t {~6 ~%)interest
<br />thereafter until paid at the election of tte mortgagee; and chi: mortgage may thereuponbe foreclosed unmediately
<br />for the whale of the indebtedness hereby secured, 4ncluding the cos[ of .extending theabstzact of tttiz rrom the
<br />date ~; this mortgage to the time of commencing such suit.
<br />4. !n [he even[ of a foreclosure or default as provided herein,. the mortgagee,shall at :once be entitled to th~~ pos-
<br />L session, use, and enjoyment of the real csta[e aforesaid and to the rent, issues, royalties a .d ;•rofits thereof,
<br />trom the accruing of such rights and during the pendency of foreclosure proceedings andsuen pvs,e•sions. ere.,
<br />shall at. on,e he delivered to the mortgagee upon. request, upon failure suchdelivery ofsuch pos~cssionMay be
<br />enforced by mortgagee, by any apptopriate Legal proceedings, ~ncluciing z recci~er forthe prope[ty,
<br />Tbr tiros-e_Gs of any atr o; sa;{l props: ty in :xsc~o:dancr wi!h the ;arc cling-~arauraphs shall be applied f,rst tt~
<br />rat- the ct>5E> en~1 cxprr~srs c~P s_id ssxle, the exper.-u; lnccrr d hy..a:c. mortgagee fr.r the purpose [yf proieci.ag or
<br />ma+nrairing >aid prt txst ~•, sC'anadly, ~~, p-3 y~ -hc i~u~btaires ~;rc uzed (crab}: a,:] thtrdiy, to pay':any su:.plea~ ~-. :
<br />tY , z~ tie r.c!;vR r 7:rsop, }e~aliv :a:i'icd th~rrro.
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