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<br />Said promissory note was given to eecure a loan in which the Small Business Administration, an agency of the
<br />United Staten of America, has participated. Ir. compliance with section 101.1 (d) of the Rules and Regulations of
<br />the Srt®11 Business Administration (13 C.F.R. 101.1 (d) ], this instrument ie to be construed and enforced in accord-
<br />ance with app&cable Federal law.
<br />1. Tht mortgagor roveaaate and agrees ae follows:
<br />~' a $e will promptly pay the indebtedness evidenced by said promissory note at fire times and in the
<br />~ manner therein provided.
<br />~_ h. $e will pay all fazes, assessments, water rates, and other governmental or mu;ueipai charges, fines, or
<br />'~ impoeitiotts, for which provision leas not been made hereinbefore, and will promptly deliver the official retcipis
<br />"l therefor io the said mortgagee.
<br />e $e will pay each eapeneea and fees as may be incurred in the protection and maintenance of said
<br />property, including the fees of any attorney employed br the mortgagee for the collection of anq or all of
<br />the indebtedness hereby secured, or foreclosure by mortgagee's sale, or court proceedings, or in any other
<br />litigation or proceeding affecting said property. Attorneys' fees reasonable incurred in am other way shall Ise
<br />paid by the mortgagor.
<br />d. For better security of the indebtedness hereby secured, upon the request of the mortgagee, its
<br />successors or assigns, he shall execute and deliver a supplemental mortgage nr mortgages covering any
<br />additions, improvements, or betterments made to the proprrh' hercinabo+e described and all property
<br />acyu ~ by it °fter the date hereof feel m foreti saiisfacioey io mortgagee i. cunisenunrr, sitouid mortgagor
<br />fail to cure any defan][ in the payment of a prior or inferior encumbrance on the pruperq described by
<br />this instrument, mortgagor hereby agrees to permit mortgagee to cure such default, but mortgagee is nut
<br />obligated to do so: and such advances sha^ become pare of the inrlehn•dnrss secured h_y this iustnement,
<br />subject to the same terms and conditions.
<br />e. The rights created by this conceyanae shalt remain iu full force and effect during au+ puapuurmrut
<br />or extension of the time of the payment of the indebtedness evidenced by paid promissory note or an. part
<br />thereof secured hereby.
<br />j. Ile will rnntinuousl}• maintain hazard i~urance, of such type or types and in such amounts as the
<br />mortgagee may from time to time require on the improvements now ur 6rrea(ter on .aid proprrt+, and
<br />will pay promptly when due any premiums therefor. All insurance shall be carried in companies acceptabk
<br />to mortgagee and the policies and renewals thereof shall be held by mortgagee and have attached thereto
<br />loan payable clauses in favor of and in form acceptable to the mortgagee. In event of loss, mortgagor will give
<br />immediate notice in writing to mortgagee, and mortgagee may make proof of lose if not made promptly by
<br />mortgagor, and each insurance company concerned is hereby authorised and directed to make pavtnent foz such
<br />low directly to mortgagee instead of to mortgagor and mortgagee jointh, and the insurance praceeda, or any
<br />part thereof, may be applied by mortgagee at its option either to the reduction of the indebtedness hereby
<br />scented or to the restoration or repair of the property damaged or destroyed. Ia event of fozeelosure of this
<br />mortgage, or other transfer of title to said property in extinguishment of the indebtedness secured hereby, all
<br />right, title, and interest of the mortgagor in and to env insurance policies then in force shall pass to the
<br />purchaser or morigager oq at the option of the morittagre, nta+ lx• aurrrm]rn•d for a refund.
<br />a. He will keep all buildings sad other impro+entents au .aid proprrl+ in good repair and conditiote;
<br />w'iH permit, commit or suer no waste, impairment, deterioration of said property or any par[ thereof;
<br />in Lire event of Failure of the mortgagor to keep the buildings me said prrmi~s and tho,e erected on said
<br />premises. or improyentents thereon, in good repair. the mortgagee urn} make such repairs as in its discretion
<br />it may deem necessary for the proper presreyatiun thereof: anti the full amount of each sod e+rn .urh
<br />patimeni shall be immediately due and pa±abie: anti -hall he secured by the lien of this won gage.
<br />h. He will not voluntarily create or permit to br crcatrd against the property subject to this mortgage any
<br />lien or liens inferior or suprriot to the lien of this mortxage without the written consent oC the mortgagee; and
<br />t,:rtlaer, that he will tussle and maintain ibr ,ar+r tree tram Tier claim ut all per-uns ,uppl~ing lalwr or
<br />materials for construction of any need ati building, or impru+em+•nt° nn+. being erected or to he erected m+
<br />said premises.
<br />i. Hr will trot teat or ensign an} part of ibr rent of ,aid mortgaged propr rty or demolish, or retnu+c.
<br />nr .ubstaniiall' alter am building r<~ithout the written consent of ti+e mortgagee.
<br />j. All awards of damages it eoaaection with attr condemnation for public use of or injur+ to an+ of the
<br />properly subject to this mortgage err hereby a~ignrd and shall be paid to neortgagee, who may apply the
<br />.amt to payment of the installments la-i due under raid rate, and mur•,gager is hereby anihorized, in the
<br />name of ilee mortgagor. m eaecute and +ieiiyer valid acquittance: tierrruf end to appeal from any loch awanl.
<br />6. Thr morigager Khali have the right to iru:pert the mortgaged premiw• at am' reasonable tiuee•.
<br />2 Default in .arty of the mveaante or rnnditioas of this inetrumrat or of the note or loan agreement secured
<br />hereby shall terminate the mortgagor's right to possession, use, and enjoyment of the property, at the option of the
<br />esorigagee or his assigns tit being agreed that the mortgagor shall have such right until default), Upon any such
<br />~efauh, the mortgagee shall become the owner of aU of the rents and profits accruing after default as secetriiy
<br />fat the isgitxris~aecured hereby, with i3ra ri=1t- to antes upon said property for the purpose of collecting such
<br />rents aid Profits: Thin instrument shalt aperatt as art arigttment of nay rentals on said property to that extent.
<br />SBF FORM 928 t2-731
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