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<br />82 --» <, ~~ ~ `7 ~ 8
<br />d: For better security of the indebtedness hereby secured, upon the request of the mortgagee, its successors
<br />or assigns, mortgagor shall execute and deliver a supplemental mortgage or mortgages covering any additions,
<br />improvements, or betterments made to the property hereinabove described and alt property acquired by it after
<br />the date .hereof (cell in form satisfactory to mortgagee). Futhermore, should mortgagor fail 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 apices to permit mortgagee to cure sack default, bus mortgagce is not obligated to do so; and such advances
<br />shah become part of the indebtedness secured by this instrument, subject to the same terms and conditions.
<br />e. The rights created by this tronveyance shad 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 tx notes, or any
<br />part thereof secured hereby.
<br />f. To rnntinuously maintain hazard insurance, of such type or types and in such amounss as the mortgagee
<br />may from time to titm require on the improvements now or hereafter an said property, and wiU pony promptly
<br />when due any premiums therefor. Ali insurance shad be carried in companies acceptable to mortgagee and-the
<br />policies and renewals thereof shah be held by mortgagee and have attached theme sass payable elattses in favor
<br />of and in form acceptable to the mor[gagce. In event of inns. mortgagor will give immediate notice in arritirrg
<br />to mortgagee, and mortgagee may retake Rroof of Loss if not made promptly bg matgagor, artd rah itmtpna
<br />company concerned is hereby authorized and directed to make payment far stmt -ass dirertty to mort>Oe
<br />instead of to mortgagor and mongagce jointly, and the insurartae paoceccts, .?r any pan thereof. tray be appketl
<br />by mortgagee at its option either to the redttttiion of the indebtedness hereby secured or to the restoration cu
<br />repair of the property damaged or destroyed. In event of foreclosure of this roatgage, ar other transfer Qi title
<br />to said property in extinguishment of the indebtedness w-ti~ttred hcrcbs, all right, tick, ~! intcae~ of tree
<br />mortgagor in aced to any ansurartce policies then in fwa stall pass to the ptrrdtaxr tx matfragce car, at the
<br />option of the mongatece, may be surrendered for a refuted,
<br />g. To kexp all buildings and other irnprovrments cm xaid ptopertu in ;rood repair and coe~tittn: ra
<br />permit, commit, or suffer no waste, impairment, deteracxation of said property or artit part thenwit an the evsYu
<br />of [silttrc of the mortgagor to keep the buildings ctn saw premises acrd those erected tell raid prettusca;. ix
<br />improvements thcrtwa, in good repair, the tnongagce may make such repeats as as its disemion it ttuatr dram
<br />necessary far the pmptt preservation thereof; and the full amount of rat:h aMl roger such tcapmettt shall i+e
<br />immediately due and payable; and shall be nvred by the Lein of this mnrtgage.
<br />h. To not voluntaritti° regale or permit ro he crratesl against tits t+rupcrty >ubject to this mturgatfe asT lies
<br />or liens Infertof 10 the lien of this mongagc without a°nttrn CQnirnt c>t cite mortgagrr::uMi fwlcec. tha- more-
<br />gagor will keep and maintain the same free from the riaim of cell pxrstanx ~uppiyittg ~bcx rsr rttatctr~a fat ccta-
<br />struction of any and all buildings or improvements now hang eaected cx to i+e rrri:ted cxt said premises,
<br />i. To not rent or assign any art of the rent of saaid mortgaged properly ~x drmoiash, or remove, cu
<br />substantially aster any building without the written consent of the mongagce.
<br />j. Ail awazds of damages in connet:tion with any condrmttataon for public use i~t` cx injwy to any of the
<br />property subject to this mortgage are hereby assigned and shall be paid to maxtgagre, who Welty apply fix scene to
<br />payment of the installments last due under wid note. and mortgagee is hereby authorised, in the namc of the
<br />mortgagor, to execute and dehver valid acquittances thereof and to appeal from any such award.
<br />k. The mortgagee shaft have the right to inspect the mortgaged premises at any reasonable turn,
<br />L To comply wi[h [he provisions of any lease if this Mortgage is on a leasehold. if this lvtortgage is on a
<br />unit in a condominium or a planned unit development, Borrower shall perform ail of Borrower's obhgations
<br />under the declaration or covenants creating. or governing the condominium or planned unit devrtopment,the
<br />by-laws and regulations of the condominiurtt or planned unit development, and constituent documents.
<br />2. Default in any of the covenants or conditions of this instrument or of the Wore or loan agcement secured hereby
<br />shall terminate the mortgagor's right to possession, use, and enjoyment of the property, at the option of the
<br />tortgagee 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 all of the renu and profits accuring after default as security for
<br />the indebtedness secured hereby, with the right to enrer upon said property for the purpose of collecting such
<br />rents and profts. This instrument shall operate as an assignment of any rentals on said property to Ehat extent.
<br />3. If the mortgagor defaults, and. fails to make any payments when due or to conform to and comply with any of
<br />the cortdtgns o[ agreements contained_in rhos mortgage or the notes which it secures, then the entire principal
<br />wen and accrued interesE shall at once become due and payable, and draw fifteertper cent (ls.~ %) interest
<br />thereaftcr until paid atthe election of the mortgagee; and this mortgage may thereupon be foreclosed immediately
<br />for the whole of the indebtedness hereby secured, including the cost of extending the abstract of title from the
<br />date of this mortgage to the time of commencing such suit.
<br />4, is tLa evgtt of a f~e;,kttttte oc default as provided herein, the mortgagee shall at once be entitled to the pos-
<br />rasiss, trFe, oral enjoytncnt of the real estate aforesaid and to the rent. issues, royalties, and profits thereof,
<br />fears the atzrtana u( each ntthts and during the pendency of foreclosure proceedings and such possessions, etc.,
<br />tiuY m peat[ bee drabvtxal to the mtxtgaaYr~e upop request, upon failwrr such delivery cri' such possession may he
<br />by tntrrr*tt~e, by asy appropriate ic#ai protxodint6n, itx:htdutg a rrcrivrr far the pr:,,>~•n r.
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