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<br />d. For batter security of the indebtedness hereby secured; upon the request of the mortgagee, its successors
<br />or' assign>, mortgagor shall execixte and 'deliver a supplemental mortgage or mortgages covering any addirions;
<br />improvements, or betterments made to the property hereinabove described and all property acquired by it'after
<br />'the date hereof'(all in form satisfactory. to mortgagee). Futhermore; should mortgagor .fail to cure any defauh
<br />in the payment of a prior br inferior encumbrance on the property described by this instrument, mortgagor here-
<br />. by agrees to permit mortgagee to cure such default;. but. mortgagee is nor obligated to do so; and such advances
<br />shall become part of the indebtedness secured by his instrument, 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 time of the payment of-the indebtedness evidenced by said promissory note or notes, ocany`
<br />part thereof secured hereby.
<br />F. To continuously, maintair. hazard. insurapce; of such type or types and. +_^. such: amounts as .the `mortgagee
<br />may from time to time require on the improvements now or hereafter on said property,,and will-.paypromptl}
<br />when due any premiums'therefor. All insurance shat be carried in companies acceptable to mortgagee' and the
<br />policies and renewals hereof shall 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 immediate notice ff writing
<br />to mortgagee, and mortgagee :^ay.make proof of loss if not made promptly, by mortgagor, and each insurance
<br />company concerned is hereby authorized and directed to make payment for such loss 'directly to mortgagee
<br />instead: of to mortgagor and mortgagee jointly, and the 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 or
<br />repair of the property damaged or destroyed. In event of foreclosure of'this mortgage, or othi:r iransferof title
<br />to said"property in extinguishment. of the indebtedness secured hereby, all fight, title, and interest-of the
<br />mortgagor in and to anytnsurance policies then in .force shall pass to the .purchaser or mortgagee or, at the
<br />option of themortgagee, 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, pr 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 erected on said premises; or
<br />improvements thereon, in good repair, the: mortgagee may make. such repairs as in .its discretion it may .deem
<br />necessary for the proper pruervation thereof; and ttie full amount of each and every such. payment shale be
<br />immediately due and, payable; and shalt be secured by the Lein of this mortgage.
<br />h. To not voluntarily create or permit to be created against the property subject to this mortgage any lien
<br />or liens inferior to the lien of this morigage: without written consent of the mortgagee; and father'; thae .Mort-
<br />gagor will keep and maintain the,same dree from the claim of'ait persons supplying labor or materials forcon-
<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 .part of the rent of said mortgaged,property or demolish, or remove, or
<br />substantially alter anybuilding without the written consent of'the mortgagee.
<br />j.`All awards or damages imconnectioo-with any condemnation for public use-of or injury [o any of the
<br />property subject to this mortgage are hereby assigned `and shall be 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 whereof and to appeal from any such award:
<br />k. The mortgagee shat! have the right to inspect the mortgaged premises at any reasonable time.
<br />1. To comply with theprovisions of any lease if this Mortgage is ona leasehold. if this,Mortgage is an a
<br />unil'in a condominium or a planned unit development, Borrower shall perform all. of Borrower's obligations
<br />under the declaration or.covenants creating or governing the-condominium or planned unit development the-
<br />by-lawsand regulations of the condominium or planned unit development, and constituent documents.:.:
<br />2: Default in any of the covenants or'conditions of this instrument or of the note or loan ageemen[ 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 default): Upon any such
<br />default, the mortgagee shall become the owner of al7'of the rents and profits accusing after default as security for
<br />the indebtedness-secured hereby, with the tight to enter upon said. property for the, purpose of collecting such -
<br />rents and profits:=This instrument shat! operate as an assignment of any rentals on said property3o iharextent.
<br />3. f f the mortgagor defaults, and fails to make any payments when due or to conform [o and comply. with any of
<br />the conditions or agreements contained in this mortgage or the notes which it secures, theft .the entire principal
<br />sum and aa_rued uuerest ,:;all at once become due and payable, and draw * per cent( * %a) interest
<br />thercaFter until paid at the election of the mortgagee; and this mortgage may [hereupon be foieclosed immediately:
<br />for the whole of ehe indebtedness hereby secured, including the cost of extending the abstract of title from the`
<br />date of the mortgage to he time of commencing such suit. *Interest to float at C.N.B. Base Rate
<br />adjusted first day of each month.
<br />4. In the event of a foreclosure or default as providedherein, themortgagee shall at once be e7titled to the pos-
<br />scssicn, use, and enjoyment of the real estate aforesaid and to the rent, .issues, royalties, and profits thereof,
<br />from the accruing of such rights and. during the pendency of foreclosure proceedings and ,uch,possessions, etc.,
<br />shall at once be delivered to the mortgagee upon request, upon failure such delivery of such possession maybe
<br />enforced by mortgagee, by any appropriate legal proceedings, intiuding a receiver for ahe property.
<br />S The prnceeds of any sale of said propert}• in accordance with the. preceding paragraphs shall b< applied. f,rs[ to
<br />pay. [rte cost. and expenses of said'sale, the expene:es incurred by the mortgagee For the. i>urpose. of prole: titig car
<br />n,;.nesaing said property, setandty, to paySlse indebtedness secured itercby; and thirdly, t[r pay any surplus or
<br />t.cc;.s to the person or persons legally esttitied thereto.
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