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Seid promissory Hate was given to secure a loan in which the Small Business Administration, anagency of the
<br />United States of America, has participated. In compliance with section i01.i(d) of the Rules and Regulations of
<br />the SaFall Btteineae Administration (13 C.F.R. 101.11d) ], this instrument ie to be construed and enforced in accord-
<br />ance with applicable Federal law.
<br />1. The mortgagor covenants and agrees as #ollowa:
<br />a. lie will promptly pay the indebtedness evidenced by said promissory note at the times and in the
<br />manner therein provaded.
<br />b. I3e will pay all taxes, assessments, water races, and other governmental or ma.uiipal charges, fines, or
<br />impoeitiotta, for which provision has not been made hereinbefore, and wilt promptly deliver the ol6cial retripis
<br />therefor io the said morigagce.
<br />c. He will pay each ezpenaw sad fees as may be incurred in the protection and maintenance of said
<br />` property, including the fees of any attorney employed by the mortgagee for the collection oC any or all of
<br />the indebtedness hereby' secured, or foreclosure by mortgagee's sale, or court l:r»ceedings, or in any other
<br />~. litigation or proceeding affecting said property. AttorneyE fees reawrnahly incurred in am' other way shall lee
<br />~ paid by the mortgagor.
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<br />~ d. For heifer security of the indebtedness hereby ser-ured, upon the rcgarst n[ the mortgagee, its
<br />+~ auecesaors or assigns he sltatl execute and deliver a supplemental mortgage nr n+ortgages covering any
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<br />additions improcemrnta, or brtternrents made to the propertt hereinabo+c described and all property
<br />~ acquired be it after the dais hereof i alE in fare sa+, aciory to ....,-tgu . xr.rthr.......~, ahr.uld n.nr*.ga~A.
<br />~ tai) to cure env default in the pacment of a prior or inferior encumbranm on fete property described by
<br />this instrument, mortgagor herrbc agrees to permit mortgagee to cure such default. but mortgagee is not
<br />obligated to do so; and such advances shall become part of the indehtrdnrss scoured by this instrumem,
<br />subject to the same terms and conditions.
<br />r. The fights created by this conveyance shall remain iu full ford- and elfecl during any postpuneutrnt
<br />or eztension of the time of the payment of the indebtedness evidenced by said promi~arv note ar an} part
<br />thereof secured hereby.
<br />f. He will continuously maintain hazard insurance, of avch type or types and in such amounts u the
<br />mortga,ee may from lime to time require un the improvements nnw ur hrrrafter un .aid property. a.rd
<br />will pay promp4ly when due any premiums therefor. All ittaurance shall be carried in companies acceptable
<br />to mortgagee and the paliciea and renewals thereof shall be held by mortgagee and have attached thereto
<br />lass payable clauses in favor o[ and En farm acceptable [o the mortgagee. In event of lose, mortgagor will give
<br />immediate notice in writing to mortgagee, and mortgagee rosy make proof of loss if not made promptly by
<br />mortgagor, and each insurance company concerned is hereby authorized and directed to make pacment for such
<br />low directly to mortgagee instead of to mortgagor and mortgagee jointly, and the insurance proceeds, or any
<br />part therraf, may be applied by mortgagee at its option either to the reduction of the indebtedness hereby
<br />etxared or to the restoration or repair of the property damaged ar destroyed. In event of foreclosure of this
<br />mortgage, or other transfer of title to said property in eztinguishment of the indebtedness secured hereby, all
<br />right, Hilt, and interest of the mortgagor in sad to any insurance policies then in force ahal! pass to the
<br />purehaaer or tnortgagrr or, at the option of the mortgagee, mat hr surrendrrrd far a refund.
<br />R. He will keep all buitdinga and other in:proy"' aenG on said ptvprrtr iu goad repair and cunditiat:
<br />witl permit, commit, or suffer na waste. impairment, deterioration of said property or any' part thereof:
<br />in the event of failure of the ntorigagor to keep the buildings on .girl premises seed tho:w erected un said
<br />premises, or improvements thereon. in good repair, the martgagre utay wake such repairs as in its discretion
<br />it may deem neeessarc for the proper preservation thereof: and the (ail amount of rash and rcen -uch
<br />payment shall be immediateh due and payable: amt shall be secured by the Siru of this nwrt Ka Fr.
<br />k. He will not vofuniarily create or permit to be created against the property subject to this mortgage any
<br />lies or lima inferior or superior to the lien of this moripage without the written consent of the mortgagee; and
<br />further, three 6e wilt 'n cep and maintain the -a+uo free from the claim of all prrsuns -uppfying labur ur
<br />materials far rottstructian of any ar:d ail 6uilditce- ur unpru+rmrnt. nnx }mint..-rrrtrd ur to hr erected nn
<br />said premises.
<br />i. He will not ren" nr aaaiftn ant part of the reset of .airE mortgaged pruprrty nr drmnlish, ur rrnw+r.
<br />wr'suI>etantially alter nnv lrr+ilding +. itlwut the av ritirn rnnsrnt of tl:.• nwrttafer_
<br />i. All awards of damazrs in ronixrtiun with an. cuudrmnauwi #or public us• of or injure t.. ata+ of ihr
<br />proireriy subject to this ntarigagr are hereby assiFnrd and shall E,r paid to n,urtgager, :vha mss apply the
<br />..erne h, patn+rnt of fire instaHmruts It•a fine tinder said Harr, and murtgager i• herrht anthorirrd, in for
<br />uaaw of the innrigagar, to sterner and drlner valid arqutttancrr thereat an+l to aplrral front env .+toh a+.ar~l.
<br />/,'. ~fhr nuvrtKafer rltall ha•e the riteht to inefx-rt tE,r n+uriEaKrd pmrrrisrr xt ant rea•ouabfr tiuu•.
<br />Y. Aefault itt stay of the tvveaaats w caaditiaas of this instrument or of the nose or loan aRrcemrnt secured
<br />1teRrlrv shard terminate the tatotrtgaftor s riftht to pasaeaainn, use, and enjay'ment of the property, at the option of ihr
<br />ma;tgaltae ar E+ia asai~r. fit bring aEracd that the mort~at[ai shalE have each right until default!. l:pon env such
<br />drfaah, the Wiari~et. shall became the owner a# _all.o( the ernes and profits arcruinK after default ss srruritt
<br />for the iaaieMraise~,,~ratrsik~rtM, with the right w aster upon said praprrty for tht purpose of rnllretinte each
<br />rents aatd pre£tts. ~L lartroinira! shall ope-sse aaain asal6snarat of any rentals on said property to that extent.
<br />3a• Y;)Ytta gas !1.'b1
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