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<br />d. For Hertersecurity'of the indebtedness hereby secured, upon the: request of ehe mortgagee,'its successors
<br />or assigns, rriorteagor shall execute and deliver a`supplementaf mortgage or'mortgages covering any additions,
<br />'improvements; orbetrerments made'to the property.hereinabove describedand allptoperty acquired by it"after
<br />the date hereof (all in form satisfactory to mortgagee). Futhetmore, should mortgagor fail to cure any default
<br />in the payment of a prior or inferior encumbrance on the: propertydescribed;by this instrument, mortgagor here-
<br />by agrees to permit mortgagee tocure'such default, but mortgagee is not obligated [o`da o; and such sdcanaes
<br />shall become part of the indebtedness secured by this instrument, subject tothe same terms and;conditfons.
<br />e. The rights created by his conveyance shall remain in full force and effect during any postponement or
<br />extension of the time` of the payment of the indebtedness evidenced 6y said promissory note or notes, or any
<br />part thereof secured hereby.
<br />f. To continuously maintain hazard insurance, of such type ordypesand in such amounts as the mortgagee
<br />may from time to time require on the improvements now or hereafter on'said property, and .vill pay promptly
<br />when due any premiums therefor, 1111 irsurance shall be'carried in companies acceptable to mortgagee and the
<br />policies and renewals thereof sn 'l'be held by mortgagee and have attached thereto loss payable clauses in favor
<br />of and in form acceptable to the mortgagee.. In event of loss,.mortgagor will give:immedia[e notice in writine
<br />to mortgagee, and mortgagee may: make proof of loss if not made promptlg by mortgagor, and each insurance
<br />company concerned is hereby authorized and directed"to make payment for such'lgss'directly to mortgagee
<br />instead of to mortgagor and mortgagee jointly, and the insurance proceeds, ar anypart thereof, may be applied
<br />by mortgagee aC its option eitF..r to the reduction of the indebtedness hereby secured or to the. restoration or
<br />.repair of the property damaged or des royea. In event'-of foreclosure of this mortgage, qr other transfer of title
<br />to said property; in extinguishment.. of the indebtedness secured hereby, :alt right, :title, and interest of the
<br />mortgagor in and o an; insurance policies then in .force shall pass to the purchaser or mortgagee or, a[ the
<br />option of the mortgagee, may be surrendered: for a refund:
<br />g. To keep all buildings and other improvements on said' property in.good repair and condition; to
<br />permit, commit, or suffer `no waste, impairment, deterioration ofsaid property or any Dart thereof; in the event
<br />of failure of the mortgagor to keep the buildings ad said premises and those .erected on said premises, or
<br />improvements thereon, in good repair, the mortgagee may make;.such-repairs as inrits discretion it may deem
<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 shall be secured by the ern of this mortgage.
<br />h To not voluntarily creace or permit to be created againscthe property subjecr?o this mortgage any lien
<br />or liens inferior to the lien of this mortgage without written:consent of the mortgagee: and father, that •:iort-
<br />gagor will keep and maimain the same free from the claim of aiLpersons supplying labor or materials for con-
<br />struction of any and all'ouildings orrmprovements now being erected or tabi: erectedron said premises.
<br />i. To nor renr or assign any part of the rent of said mortgaged property ar demolish, or remove, or
<br />substantially alter any building without the written consene of the mortgagee.::
<br />j..9ll awards bf damages in connection :with any condemnation for public use: of or injury to any of the
<br />property subjectto this mortgage are:hereby assigned andshail be,paid to mortgagee, whc may apply the same ro
<br />payment of the installments last due tmdersaid note, and mortgagee is hereby authorized, in the name of the
<br />mortgagor, to eaiecute and:deliver valid acquittances thereof and to'appeal from anysuch award.
<br />k. The mortgagee shall have the right to inspect the mortgaged premises at any reasonable time.
<br />I. To comply-with the provisions of any ease if this 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'; 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 coristiti~ent documents.
<br />2. Default in any of the cavenants or conditions of this instrument or of the note or loan ageement secured hereby
<br />shall terminate the mortgagor's right to possessipn, use, and enjoyment of the property, at the option of the
<br />mortgagee or assigns (iibeing agreed that the mortgagor shall have such right until default). Upon any such
<br />default, the mortgageeshalf beeomethe owner of all of the rents and profits accuring after default as security for
<br />the indebtedness secured hereby, withiheright to enter upon said property for the purpose of collecrng such
<br />rents and profits. This instrumentshall 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 when due or to conform toand comply with.any-of
<br />the conditions or agreements contained in this mortgage or the notes whic}~,~~~~~s, then Cite entire principal
<br />sum and accrued interest shall at once become due and payable,: and draw __ per cent f 1S • X70) nteres:
<br />thereafter until paid at [he election of the mortgagee; and this mortgage may tfiercupoabe foreclosed immedia[c]y
<br />for the whole of the indebtedness hereby secured, including theeostof extending the abstract of tide from the
<br />date of [his mortgage to the time of commencing ;uch suit.
<br />4. In the event of a foreclosure or default as provided herein, the mortgagee shall at once be entitled to fhe pcs-
<br />session, use, and enjoyment of the real estate aforesaid .and to the rent, issues, royalties, and proflis thereof,
<br />from the accruing oC suc6 rights and during the pendency of foreclosure proceedings and such possessions, etc.,.
<br />shall at once be delivered to the mortgagee upon request,.. upon failure such delivery of such>possessi~n may,r3e.
<br />enforced ity mortgagee, by any appropriate legal proceedings, including a receiver for the property.
<br />5. rite. proceeds of any sa;c of said prq~arty :n accar~lancewith thepreceding.paragraphs shall~be applied first to
<br />pay rile costs anG expenses o` satd ;~aie, the expcnc~s incprred by;ehc mc~itgagee forthe.purposeot" protecting ar
<br />ns3intaining said property, secandiy, re pay the indcbtedncti; sei:nrzd its:ebti; and thirdly, iopay anysucplusbr
<br />c~Lesi to [he per=o:i or persor, le., :;ly entitled thereto.
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