|
<br />82--;14305
<br />d. For better security o1 the indebtedness hereby secured, upon the request of the mortgagee, its successors
<br />tk'+assl8n5,:mongagor shall execuce and deliver a supplemental mongage or mortgages covering any additions,
<br />improvements, or betterments made to the prv~•_rn• 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 default
<br />in the payment of a prior or interior encumbrance on the property described by this instrument, mortgagor here-
<br />by agrees to permit mortgagor to cure such defauh, but mortgagee a not obligated to de w; and such advances
<br />shat! became part of the irulebtedncss secured by this instrument, subject to the same terms and conditions.
<br />e. The rights created by this conveyance shall remasn in full force and effect during any postponement or
<br />e~tcnsion o€ the time of the payment of the indebtedness evidenced by said promissory note or notes, or any
<br />part thereof secured hereby.
<br />f. To continuoush• maintain harard insurance, of such type or types and in such amounts as the mortgagee
<br />may from titrtc to time require on the improvements now or hereafter on said property, and wilt pay promptly
<br />when due any premiums thtretor. All insurance shad be carried in companies acceptable to mortgagee and the
<br />policies and renewals thereof sha{i be held by mortgagee and have attached thereto loss payable clauses in favor
<br />of and in form accep[abtr to the mortgagee. In evern of 3vss, mottgagar will give immediate notice in writing
<br />m mgrtgagee, and mortgagee may make proof of loss tf twt madt promptly by mortgagor, and each insurance
<br />company coacernrd is hereby authorixcd and directed to make payment for such Ipss dirtctty to mortgagee
<br />instead of to mongagor and mortgagee tointh, and ±he Insurance proceeds, or any part therrnf, may be applied
<br />by mortgagee at its oprtvn either to the reciu.tion of the indttrtedness hereby secured ar to the restoration or
<br />repair of the property damaged ur ds~troytd. !n rccnt of foreclosure of thts mortgage, or other tratufer of title
<br />to said property [n exirngurshment crt the vtdthtrdness .ecttred :zcreb>~, ail right, title. and interest of the
<br />mortgagor m atxi to an_s mctuance }xriicirr stern in #arcr +hali pass to the purchaser yr mortgagee or, at the
<br />option of the mottgxger, may br ,urrendtrtd fsor ~ : rfund.
<br />g. 'Fo keep aif bzsridings and cuhcr mtrrtr+rmrnts on +atd proptrt}~ in good repair attd condition; to
<br />permit, ct?mmtt, or auffrr nn waste, tmpaumcnt, detrrtorattan ofi +atd pratxrtl or any part thereof; in the rvrm
<br />of fatiurr of :he miutgaRar to keep the t,urldtngs on aatd premraes and thou trotted on said premises, ar
<br />impr-cvtvrrrnts thrrt"vtt, =n good re~arr, the mtsrtgagee may make .uch retaairs as ;n its dzscrriian d may ttetm
<br />nn-essan for the proper preset+auon thcrccr#; and tltr futl amount e# each ant! over, such payment shall he
<br />tmrtzediatety due and payable; and short be srn~ured by she ian of this mon>zage.
<br />h. 'I'o not ,otunt:utiv ~rr~tt .x ,+ermtt Fxr `•r trratett a)cam>t the prvs>erty +uhtret io this mangage any lien
<br />ar !iem tnirntx ter tree iten .?# this *,nartgagr wstht ut :s eaten ,ansrnt rI! the rnartgagec; and father. [hat mart•
<br />gagar well keep and matntatn the ,amt #rrr tram the ~1atm xrt alt persons supplytn)t ;obey ru ;naterials for con-
<br />,tructton of atzY and :ti, t±utkfinrs Err imprr?, rmtnic nc=w '.?cruet r±rrtrd ar ~t? !er terry red on void pre[nises_
<br />.. 'Ftr not rent ,x autetn ant part ref the rrnt ,±f sauf nurngagrti pruprrty ar ikmalish, at rema+'e, of
<br />+ubstanttaitg aher any tattdding yathetnt the +~nttrn :-onsrnt tt the mvrgagee.
<br />j..+tit award vi -w'smages rn :cmte~flan ra•uh any c:atnanan tar public a+r ai err cnaury io an!° of the
<br />presperzy sub,tect to this rnertgagr arc hereb} a.satxrrrd and .hail hr nand to mcutgagre. who tttay apply [he same to
<br />t?aymrnt ti,f the ittstaiitnrnts fast due urWtr ,xis! nixc, artd mort(;agre a httcttt' aulhorired, in the natnc ui !hp
<br />.~~t~~ , *.a execute a.^.tt :tell.-er ?altd act;u+itan:r> :ttrtr?rt anti rr, ap;~l mutt any such award.
<br />"Fhc mortgagee ,hail heat rho ttgztt to tnspeat tlzr mortgaged pxcrnues at :iny reasonahte time.
<br />t. Ta .amply orate the proatstexts ~n any least sf this ~iwigae[e rs vA x #casehald. tf this Mortgaite is un a
<br />umt tr. a .vrzdumzmum or a ptantstd unit drri~rrtsrstt, ttt?rrowtr ,hart prfotm alt at Barmwer's abligattons
<br />under the dectaratton ar coaenants ;rewng to ganrrntng itue :wK}amznzum .n plaAned uaiz dcvett>istneAt,thc
<br />by-taws and re~ulatzaris of the cotuiamtnzirm ar ptantscd uAtt deaFelapmcat, and cattstitucAt dacutneEZU.
<br />3. fkf`aulz ra aAy of the caYemmis yr a'.znditzxms of this rnstrumrnt or of tree note ar dattA agmtzzent secured hereby
<br />stiatt ternutsate the trsariga»r': nght to passtssJCm, use, and rn}oyrtuttt of the property, at the apuan of the
<br />fAi?rtiptiice ar asazyu (st RctnQ agreed that ttx monga;ur attall have ,adz nghr anise defaulq. L:paA aAy such
<br />defauh, the nsartgagte shalt tsoctamc the owner of art of the rents and proiiES ut~uring after detautt as secunty for
<br />tlx iarkbtcdACSa savred hereby, with the rzgttt tv enter upon rani pttaprny For the purpaue ut' catkcdng such
<br />rents and pratits. This itstrumgtt ahatt opa'ate as an asstgntnent of any rentals un wad prtr}zeny to that cittrnt.
<br />~, if the martgttiusr :&fauhs, oral farts to make any payments when due or tv canfarm to anti comply with any of
<br />the c.•crEZditittas ter a(rtrarttscnts ct?ntai:zeti in this mortgage t?r the notes whsch it secures, then leer melee Priruzpal
<br />setae aad acrruat intertSt atzalt at a>x-~r t~+.•arac due aad ;sa>xbte, and draw _ *__ per cent (J,S..,.~.,.R:} imerest
<br />tlzeteatter uatit petal at ttze ekciion of tree tnorigagtc; atsd this trsartgage may thereupon be forectoscd immcdiatet*
<br />t'o;r the tk ut tree i-td~Y ~y s~rr>~, =t~lu~ing. c!_>ir ~,f rarsr±ding e~ aintra4_ of title fr.am the
<br />date. of is st2gitiFe to the ttt~ ~ +arttrtAttt~:ttg stteh suet. •€t.Y-r3en and `sAier'Hai 1
<br />•- lA tree cveat of a feaectoattrr ;~ .tefatdr ~ prav~d hercia, the: ttzottgagcr stmt! at anct be entttied to tht tros-
<br />sa>raiarz, use; arrd mjoyzizeat of rtes ttaf estate aftxtsaxt and to the sent, iasues, toyattiec.., .++rtits itzereol'.
<br />(tstm the actrwti~, at wch rights arrd durtrzg the pendenr;y .?I tarceltnure r?rcrrecsluyts arzd ,ut:, ,.e+stiztt>s, etc„
<br />aerate afi ttatYt~e Lee dWi+arrert to the tatattgagtr upon tequeat. uputz fatlurc ~ueh ueiivrry of such iw,±ri<~atz tnaY hr
<br />tafaeced t3y Asrxtgatldt, L+y aAy agttroprtizic procradzngs, trnhtdsne a rta:rtYe; fix the txoitrtty
<br />S, The €±f aati• sale of said prxtiscrry in atc+udanct rvnh ahr prtx,edzntt paratiraptts +hai# he apptird !leer to
<br />pay the a'asis hart ctpewes ut satti sale, the tapret>°as tacurt`td by th; nttutAattn for the },urt!r.u :zt prtxe.•tme. err
<br />tsisitrsztt+atatZ acrd pnrycrtyr, !tcct?eaitir, err Aay the rtztlcW~intz"sa ~cctrrtd tterctsy; am# thuslt}'. io taa} arty ,.urp#us ct
<br />eure+p to the peraan 4e, pctxaam lgttetty entitkxt ttrttrty.
<br />
|