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$2°'rt)Q4~.37 <br />d. For better security.of the indebtedness hereby secured, upon: [he iequest of the mortgagee; its successors <br />or assigns; mortgagor shall execute and deliver a supplemental mortgage or mortgages covering any additions, <br />improvements, nr betterments-made to the property hereinabove described and all property acquired by it after <br />...the date'<ttereof (all in form satisfactory to'mortgagee). Futhermore, shogld.mortgagor fait to cure any default <br />~"' in the payment of a'prior or inferior encumbrance on the. property described by this instrument; mortgagor.,here- <br />! by agrees.to permirmortgagee to cure such default, but mortgagee is not obligated to do so; and such advances <br />shalt become part of the indebtedness<secured by his instrument, subject to he same erms 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 tbe payment of the indebtedness evidenced by said promissory note or notes, ar any <br />"" part Thereof securedrhereby. <br />f. To continuously maintain hazazd insurance, of such type ,or types and: in uch amounts as the mortgagee <br />may from time to time require on the improvements now or hereafter an said property, and will. pay prompfly. <br />when due'any premiums therefor. All insurance shall be. carried in companies acceptable to mortgagee and `the <br />polices and renewals thereof 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 in wriung <br />to mortgagee, and mortgagee may:~;take,proof of'loss if notmade promptly by mortgagor, and'each'insurance <br />corttpany concerned is hereby authorized and directed to make payment for such oss directly. to mortgagee. <br />instead of to mortgagor and mortgagee jointly, and the insurance proceeds; or anypartthereof, may be applied <br />by ..mortgagee at its .option either o 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 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 itsurance policies then in force shall pass to the purchasef or mortgagee br, at the <br />option of the mortgagee, may be surrendered for arefund. - <br />g. To keep' all buildings and other improvements on said property in good repair and condition;: to <br />permit„commit, or suffer'no wastea impairment, deterioration of said property or any part thereof; in the event <br />of failure: of tht mortgagor to keep the buildings on said premises and those erected on .said premises, or <br />improvements thereon, ingood repair, the mortgagee may make such repairs as in .its discretion it may deem <br />necessary for the proper:preservation.thereof-,.and-the full amount of_each,and every such paymentshalLbe <br />immediately due and payable; and shallbe secured by the iein of this mortgages <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 mortgage withoutwritten consent of the mortgagee; and'futher, that most- <br />gagor will keep and maintain the same free from the claim of all persons supplying labor or materials for con- <br />structiort of any and all'buildings or improvements now being erected or to be erected on said premises. <br />i. To not rent' or assign espy 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 condemnation for public use of or :injury to-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 Iasi 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,appealfrom any such award. , <br />k. The mortgagee shall. have: the right. to.inspect he mortgaged premises at any reasonable.. time. <br />L: To comply with.zhe 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` unit development, Borrower shall perform a14 of Borrower's obligations <br />under the declaration or covenants treating or. governing the condominium or planned unit development;the <br />by-laws: and regulations of the condominium or planned unit development, and constituent documents. <br />2.- Defaultrin any of the covenants or conditions of this instrument or of the note or loanageementsecured' 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 shallbecomethe owner oLall of the rents andprofits accuring-after default as security.. far <br />the indebtedness'secured hereby, with the right to cola upon said property for the-purpose of collecting such <br />rents and profits: This instrument shallpperate as an assignment oBany.rentals om said property o thatextent:' <br />3. If the mortgagor defaults, and faits to make any, payments when<due or to conform to and comply with any of <br />:.the conditions or agreements containedin this mortgage or the notes which it secures,'. then the entire principai <br />'sum and accrued interest shall at once become due and payable, and draw' 16,_Q! per cent (l~'s0 %) interest <br />thereafter.until paidat the election ofthe mortgagce; and this mortgage may thereupon be foreclosed immediately <br />for the whole of the indebtedness. hereby secured, including the. cost of extending the: abstractpf title from the <br />date of this mortgage to the time of cpmmencing such suit. <br />1. In the event of a`foreclosure or defauh as, provided herein, the-mortgagee shall at-once be entitled to the pos- <br />L sesstan, use, and enjoyment. of the real estate aforesaid and to the rent, issues, rgyalties, and profits thereof, <br />from the accruing of such rights and during cite pendency of foreclosure proceedings and such possessions, etc:., <br />shall at once be delivered to the mortgagee upon- request, ipon failure such delivery of sud+ possession may be <br />enforced b, mortgagee, by arty appropriate legal proceedings, including a receiver for iheproperty: <br />5, The proceeds. of any sale of said property in accordance with the p[eceding, paragraphs: shall be applied first to <br />pay the costs and expenses of said sale, [he expences incurred t7y the mortgagee for the purpose: of protecting or <br />maintaining saidproperfy, secondly; to pay .the indebtedness secured hereby;, and thirdly, to pay any surplus or <br />excess to the person-or persons legally entitled thereto. <br />