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<br />Said promissory note was given io ercure a loan in which the Small Business Administration, an agency of the
<br />lint;ed States of America, has participated. In compliance with section 101.1 (d} of the Rules and Regulations of
<br />the Sttsall Sasneas Administration (13 GF.R. 1011(d 1 ), this instrument is to be construed and enforced in acrord-
<br />aflee wide applicable Federal law.
<br />1- The tttoatgagat caveflanta sttd agrees as follows:
<br />s. He will promptly pay the indehtedaeea evidenced by said promissory note at the times and in the
<br />min6el• [heretfl proYlded.
<br />b- He will pay all taxes, atrseasmeata, water rates, sad other governmental arm :aicipai charges, fitter, or
<br />impottitiotts, for which provivon hae oat been made hereinbefore, and will prompily deliYer the of&cia! ref-c;p~
<br />therefor to the said mortgagce.
<br />e. He will pay such ezpenses and fees as may be incur*ed in the protection and maintenance of said
<br />property, ifleiudiflg the fees of any attorney employed by the mortgagee for the collection oC any or all of
<br />the indebtedness hereb}' secured, or foreclosure by mortgagee's sale, or court proceedings, or in any other
<br />litigation or proceeding affecting said property. Attorneys fees reasonah}y incurred in anc other way shall he
<br />paid by the mortgagor.
<br />d. For better security of the indebtedness hereby secured, upon the reyurst of the mortgager, its
<br />surceesors or assigns he shall execute and deliver a supplemental mortfa;:r nr snort ages covezinle any
<br />_ t__,._~._ ~~ . :-... >~ ~ its 1.ere;na6a„c described and al! arotteri~
<br />addiiisws, itupraeen,enir+. or ,..-..~....~.,,. ...o... -a -.° r---i--: ---------- - - - -
<br />acquired by it after the date hereof ~ all in font satistutarp to nrort;;agre ~. Furt!sennnre, shauid mortga}tnr
<br />fail to cure any deianit in tier payment of a prior ar inicriar encumbrance au the prnperh~ described by
<br />this instrument, mortgagor herebc agree- to }>ermit nnutgairr to cure such default. but mortgagee is not
<br />obligated to da so; and such advances shall became part of the indehtrdnr» -ecu red he this insinsmrnt,
<br />wbject to the same terms and conditions.
<br />r. The rights created be this wnyeyanee -hall remain in full force and effect during aces pu-i punrmrul
<br />nr eaension of the time of the pacrr+rnt of the iudebtednr.. r.idencrd hs -aid pnuni..ory ante or am part
<br />thereof secured hereby.
<br />~. He will continuously maintain hasard inaurantY. at wrh tyFe or topes and in such amounts >s the
<br />mortgager mac from time to time require un she improyrrneri: now or 6.-rra(trr nn -aid pre.pvrts, anti
<br />i.-ill pay pxnmgt}v whrfl due any premiums therefor. All insurance stall be carried in companies acceptable
<br />to mortgagee and the policies and reteewala thereof shall be held by mortgagee and have attached thereto
<br />lass payable dauxs is favor of sad in form acceptable to the mortgagee. In eceat of lass, mortgagor mill give
<br />immediate notice in w-citing to mortgagee. sad mortgagee may make proof o[ loss if not made promptly by
<br />mortgagor, and each insurance compa:.r ronttmed is hereby authorised and directed to make pa}zr+ent for such
<br />loss dime:h io mortgagee instead of to ttaortgagor and mortgagee jointly, and tht insurance proceeds, or any
<br />part thereof, may be agplied bi mortgager at its uptian richer to the reduction of the indebtedness hereby
<br />secured or to the restoration ar repair of the proprrt} damaged os destroyed. In event ai foreclosute of thin
<br />mortgage, or athrr transfer of title to said prapcrty in rxtinEUishment of the indebiedne:= secured herebc, all
<br />right, titxt sad inicrc5l of the marttaFor in aced to any insurance policies then in force shalt pace to the
<br />purehaea•r cx mortgagor ar, at ti+r option of the ntar;~a~rr, :._..::~• -:..rrndrr:~! face a refun:±.
<br />£, He will keep all buildings and atleer imprayrn+cnt> oat -slot pruprrt~ in ~:utal repair and n.nditiau:
<br />will permit. rammix, or su$rr no waste. impairmrrt, deterioration of -.aid prnprrty or any }cart thrrraf:
<br />in the eymt oI failurt of the mari[a}iar to keep the building> uu sail prrnti-e- and tho~a• rreetr:! on said
<br />prentisrty ar in+pmyrmmt- tltrrran. in gauei regale. the mart+:afi ^c^ tuns aza-r -uc-!c repair. a~ in i:s ,ii~retian
<br />ii may deem flrcrsaan for the prapcr prrteryaLan ihrreoi: and the full amoutu of each and even ~urh
<br />paymxet .hall be itnmrdintely date and paaahir_ and >hall he -rrurr+! bs 'nr lien of ;hi- tuart;.a~e.
<br />h. Hr will nut yoluntarilc rreaxe or permit to be created aFaieL+x the prperx= =abject to this mortgage ans-
<br />lirn ar tierce iaieriar or supr:ier to the lie~~ of chi; mart2age without the written r ~nsent of the martgage~e; and
<br />further, that 6r will ker}• and maintain the W;ur (err from iltr ciauu ,•; a:! prnun> >upplsing lalwr w
<br />matereala for roost ruction of any and ail buildings or intpnis en_.•nt- now brio;:.-rrclwi or to fie erected m+
<br />said premises.
<br />i. He will sot rent ar assign ans part of ibe rent of sail ntartgagrd pra;rrrt_a ate drmali>h. or rrusote-
<br />or subaian[ially alter any hnifdiag without the written consent of the ntnrt~a_e.-.
<br />p All awards of dasnagta en eattnertion wtth a:ty candemnatiatt for pub!ir tx>r of ,sr ntju:s to an} of tl+r
<br />}>raperiy snbjert to ibis marigagr are i+ereby assigned and -hall be paid to marteagce, who mac apph the
<br />-sine to payntrn[ of fire instai!mrnts to i date under said natr, as+d tx;a==-; Eager i- !':~°rrh: au!!torisesl, in the
<br />reamr of the roarttiagor, to execute and alrliser solid arquittartrr> thrreuf and t,, ., t.}Mal Irons any snob award.
<br />L. 7`Ftr mor;falerr ,J+all base the right tc. inspect t}tr marty:agr+i pren+isr- ai ans rra~onablr time.
<br />Y. Dcfanh in anT o! the aovenaflts flr caatditiafls of this instrument or of the note or loan agreement roared
<br />herebc shall trrssisate flu mortpsEo-'s right to poesesstafl, use, sad enjoyment of the gropertv, at the option of the
<br />aoortgagc+c or her attaigrxs tit beitrg a¢rreaf chat the mortgagor shall have such right until default). lipoa any each
<br />defatalt,^tlse~g4~er shafl t"cramr the owner of all of the rents sad profits accruing after default as security
<br />[or the idde$iteiisdeY•srcured hereby, with the ri=bt to entEr upon said property inr the purpose of collecting such
<br />treats and pnafiLL This inatrttment shall operaar n act assignment of any rentals an said property to that extent.
<br />ss• t°a w« szs i2-Tat
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