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<br /> <br />d. For better security of the indebtedness hereby secured, upon the request of" the mortgagee, its successors <br />or assigns, mortgagor shalt 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 mortgagee). Futhermore, should mortgagor fail to cure any default <br />in the payment of a prior or inferior encumbrance an the property described by this instrument, mortgagor here- <br />by agrees [o permit mortgagee to cure such default, but mortgagee is not obligated to do so; and such advances <br />shall become part of [he 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 [he indebtedness evidenced by said promissory note or notes, or any <br />part [hereof 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 on the improvements now or hereafter on said property, and will pay promptly <br />when due any premiums therefor. All insurance shall 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 in writing <br />to mortgagee, and mortgagee may 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. to 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 insurance policies then in force shall pass to the purchaser or mortgagee or, at the <br />option of the mortgagee, 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, or suffer no waste, impairment, dererioration of said property or any parr. 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 [hereon, in good 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 payment shall be <br />immediaely due and payable; and shall be secured by the Lein of this mortgage. <br />h. To not voluntarily create or permit to be created against the property subject [o this mortgage any lien <br />or liens inferior to [he lien of this mortgage without written consent of the mortgagee; and father, that mort- <br />gagor will keep and maintain the same free from the claim of all persons supplying labor or materials for con- <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 properly 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 last 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 appeal from any such awazd. <br />k. The mortgagee shall have the right to inspect the mortgaged premises a[ any reasonable time. <br />1. To comply with the provisions of any tease 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 all of Borrower's obligations <br />under the declaration or covenants creating 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. Default in any of the covenants or conditions of this instrument or of the note or loan ageement secured hereby <br />shalt terminate the mortgagor's right [o 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 be[;ome the owner of all of the rents and profits assuring after default as security for <br />the indebtedness secured hereby, with the right to enter upon said property for the purpose of collecting such <br />rents and profits. This instrument shalt operate as an assignment of any rentals on said property to that extent. <br />3. If 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 notesF~)uc~t ~~~s, then the entire principal <br />sum and accrued interese shall at once become due and payable, and. raw. per cent (14.iSmo) interest <br />thereafter until paid at the 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, In the event of a foreclosure or default as provided herein, the mortgagee shall at once be entitled to the pos- <br />session, 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 such ~~.••..essions, etc., <br />shall at once be delivered to the mortgagee upon request, upon failure such delivery of such pe, cssion may be <br />enforced by mortgagee, by any appropriate legal proceedings, including a receiver fur. the property, <br />S. The proceeds of any sale of said property in accordance with the preceding paragraphs shall be applied ticst to <br />pay the costs and expenses of said sale, the expenses incurred by the mortgagee for the purpose of protecting or <br />fiaintairting said property, secondly, fo pay the indebtedness secured i:ereby; and thirdly, to pay any surplus or <br />' excess to the person or persons legally entitled thereto. <br />