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~.~" i~~348 g2..:i:104.144
<br />d. -For better security of the indebtedness hereby secured, upon the request of the mortgagee, its successors
<br />or assigns, mortgagor shad execute and deliver a supplemental mortgage or mortgages covering any additions,
<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 mongagce). Futherrttore, should mortgagor fail to cure any default
<br />[i in the payment of a prior or inferior encumbrance on the property described by this instrument, mortgagor here-
<br />1 by agrees to permit mortgagee to cure such default, but mortgagee is not obligated to do so; and such advances
<br />shad become part of the indebtedness secured by this instrument, subject to the same terms and conditions.
<br />e. The rights orated by this conveyance shalt 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, or any
<br />part fttereof secured hereby.
<br />f. To continuously maintain hazard insurance, of such type or types and in such amounts as the mortgagee
<br />may-from time to time require an the improvements now or hereafter on said property, and will pay promptly
<br />when due any premiums. therefor. Ali insurance shall be carried in companies acceptable to mortgagee and the
<br />policies and renewals thereof shall be held by mortgagee and have attached thereto loss payable clauses in favor
<br />of and io form acceptable to the mortgagee. [n event of toss, mortgagor will give immediate notice in writing
<br />to mortgagee, and mortgagee may make proof of loan if not made promptly by mortgagor, and each insurantt
<br />company concerned is hereby authorized and directed to make payment for such lass directly to mortgagee
<br />insttad of to mortgagor and mottgagee jointly, and the insurance proceeds, or any part thereof, may be applied
<br />ley mottgagee at its option either to the reduction of the indebtedness hereby secured or to the restoration or
<br />repair of the properly damaged or destroyed. in event of foreclosure of this mortgage, or other transfer of title
<br />to said property in extinguishmem of the indebtedness secured hereby, alt right, title, and' interest of the
<br />mortgagor in and to any insurance policies then :n force shall pass to the purchaser or mortgagee or, at the
<br />option of the mortgagee. may tx surrendered far a refund.
<br />g, To keep all buiidittgs and other improvements an said property in good repair and condition; to
<br />prrnrit, commit, or suffer no waste, impairment, deteriaratian of said property ar any part thereat; 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 />rtecossary for the proper prcurvation thereof; and the full am~~unt of zactt ar[d every such paymem shalt be
<br />immediately due and payable; and shall he secured b}. the icin of this mortgage.
<br />h. T;a not valun[arily ;-rcate or Permit to t+e created against the propert}° subject to [his mortgage any lien
<br />or liens inferior to the lien of this mortgage without written consent of rite mortgagee; and futhcr, that mort-
<br />gagor will keep and maintain the same free teem the claem of alt persons supplying labor ar materials for con-
<br />strttt'tiart of any and alt buildings ar improvements now being cre.:ted ar to bt erected on said premises.
<br />i. 'fo not rent or assign any Part of !hc rent of sold mortgaged praPert} or demolish, ar remove, or
<br />substanually alter any building without the written consrnt of the mortgagee.
<br />j. All awards of damages to condition with soy coadcnmatian far Public use of or injury to any of the
<br />property subject to this mortgage arc hereby assigned and shah be paid to inartgagee, who maY apply the same to
<br />payment of the irutaltmrnu cast due under said note, and mortgagee is hereby authorized, in the name of the
<br />mortgagor, to execute and deliver valid acquittarrers thereof and to appeal tram any such award.
<br />k. The mortgagee shall have the right to inspa-t the mortgaged premises at any reasonable time.
<br />L To comply with the provisions of any lease if this fNangagc is an a lr~.sehold. if this Mortgage is on a
<br />unit in a vtnulominium ur a piartned turn development, Borrower shah prrtorm a0 of Borrower's obligations
<br />under the deekration cu cavettants ct~cing o: gwrrning the eotufomittaum ur plaattcc) unit developmeat,the
<br />by.taws ate re;utations of the atrtdaunutium or planned unit dcvdoptrtent, ate canstisucnt doeumetus.
<br />2. Defanit in anY of the covcnaau or crotttfitions at this imtrument ar of the nose ar loan agterrtent secured h«eby
<br />shall tettnittatc the mortgagor's right to possrssiun, use, and rnjoyrnent of the property, at the option of the
<br />rttatttgstgee ar assigns (it heirtg agtxd [hat the mortgagtar shall havr such right until default). Upon any such
<br />default, the mortgagee shat! baro~e the owrtcr of all of the rents artd profits atxurittg after default as security for
<br />the indebtedness ur•errcd hereby, with the right to carcx upon said prapeny for the purpose of collecting such
<br />rests and profits. this iastrurnmt shall optsate as an assigturacnt of any rentals on said property to that extent,
<br />t, if the rttor+ de#aufu. sad fails to rsske arty paY~ts when due ar to conform. to and comply with any of
<br />tttc coottditions a: agrtratear~ contained in this mortgage or :he notes which,~stf~tr~rs, [hen the entire prineipal
<br />stela and uecrtred interest shah at aloe become due and payable, and draw per cent t1~Q-°a) interest
<br />thet•eafm until petit! at the eicctiaat of the traxtgagce; acrd this mortgage may thereupon be foreclosed immediately
<br />f~ the whole trf the iaxklxcdsess tnere!*y secreted, irtclrtdirtg the cast of exundiog the abstract of tick from rho
<br />of ~ to :hc x~~ of a~c_.ittg stab suit.
<br />4, is tlic areal of a fcrerlaatrrr or dclauh ar; pttavidcd herein, the mottgttger shall at once be emnied to the pos-
<br />satrs+gtt, auq asd cajoymem ry the real estate aforesaid and to the met, issues, royalties, and profits thereof,
<br />frma the acx`rttittg of suvdt rights sad during the pct5dct+cY of for[x[osure prtxroedings and such ptvssscssiuns, etc.,
<br />rfiaN at tan il~rsrttd to the mortgt[fttr upon request. neon failure such delivery of such possession tnaY be
<br />ca€titrsd by ~ by eery ap;xopriam kgptt proceedings, t[tclnding a rottivcr far tier property.
<br />~,. T'Ine ptocet+d- trf tday 41dC of raid prt>'prrtY in au~cxdancr with the pmedirrg paragraphs shah M appliett first to
<br />pay- the rttata and eapasatea of said ark, the espcn.es incurred by the rtmrtgagce flu the t+utpose tat pratevging tN
<br />t€ttivg s Dtcirty, seacor±dEr; to p[ay the ttulebt+tdts~rs sevytrwf horchY; a[td thtrd#v, to pay any rurptus tx
<br />cox w nc~ teams vx t+sasotut ks~ty eretu#t4 thereto.
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