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<br />79- ~~~~5~~.
<br />Said promissory note was given to secure a loan in which the Sma11 Business Administration, au agency o[ the
<br />United Staten of America, has participated In eompliaaee with section i0l.l~d) oC the Ruiea and Regulations of
<br />the S~II Buaireeas Administration j13 GF.R. 101.1(d) ], this instrument is to be construed and enforced in accord-
<br />ance with app&cabte Federal taw.
<br />1. The rtrortgagter coveaanta and agtem as follows:
<br />a. Hs will promptly pay the indebtedner evidenced by said pmmiaeory Hate at LtiP times and in the
<br />tranaer therein provided.
<br />!~ He wfill pay all Cases assessments, Crater ores sad other gocetnmemal or tne:;::apai charges, fines, nr
<br />impositioaa, far which provision has Hat bees made hereinbefore, sad will promptly deBever the o6tcial recti;f,U
<br />therefor to the acid amtigagee.
<br />c He will pay aeteh eapettses and Ceea as may be incurred in the protection and maintenance of said
<br />PTDPerty, including the Ceea of any attorney employed by Lhe mortgagee tar the collection of any or all of
<br />ibe indebtedness hereby secured, or foreclosure by mortgagee'. sale, or court proceedings, or in any other
<br />litigation or pt•aceediag affecting said property. Attorneys fees reasonahh- incarred in any other way shall he
<br />paid by the arortgagnr.
<br />d. For better security of the indebtedne`s heaehc secured, upon the request of the mortgagee, its
<br />tnrcceaaots or assigmt he shall execute and deliver a supplemental mortgage or mortgages covering any
<br />additions, improccmeats, or betterments made to flip property lerreinabuse .lescribed and ati property
<br />acgtiirrd by it after the date hereof +all in form satisfactory to xuortt;agee ~. Furihrnuorr, should mortgagor
<br />!'"t.:' .
<br />fail to cum any default in the payitient of a prior ur inferior eaeurTribranec ~ 'he - d~ .t-°-r.~,. by
<br />this iastrvnxent. mortgagor hereby agrees to permit martga;;ee to cure such +default, but mortgagee is not
<br />obligated to do ~; and sash advanm shall become part of the indehtrdnos. <rcured by this ittstrumrnG
<br />subject to the same terms; and condition:
<br />r. The rights created by thi cwrveyanee shat! mnsavx iu toll tune and etieet wring nut ttwtl+uurutrut
<br />or eriension oI the lime of the payment o€ the indebtedness etideac•-•d Ire -eid proinisrun ante ur and part
<br />iltereaC secured hereby.
<br />j. He wiB t~ntinaotraly maintain hazard iosuransr, of sorb trpr or types and in such amotmta as the
<br />mortgagee Cosy Pram time fa tiri~ rrquirc :tti the itnprocnnent. Haw ur h+•reaftrr utt :ai+! ;+ra;xrrts, ,uul
<br />wiB pay pttemptly when rise arty prc~itams therefor. All iaeunacr shall be carried in campatises acceptable
<br />to mortgagee and the policies and renewals thereof serail 6c held by mortgagee sad hive attached thereto
<br />lase pacabk clauses in fayar of and ire form acceptable to the atortgattre. in event of lass, mortgagor will give
<br />iarmediate aoYi+x is writittX to raottgagee, sad mortgagee may mate proof of loan if sot made promptly by
<br />mortgaaea, sad each insurance rwmpany concerned is hereby authorised and direetsd to make payment for such
<br />for directly to mortgagee instead of to mortgagor sad mortgagrr jointl}, and the insurance proceeds, or any
<br />part thrrcrsf, may be applied by mortgagee at its option either to the rrdtrstion of the iadebtedneas hereby
<br />rteureal or m the tesioniion ar repair of the propsriy damaged or desttrsrrd. In event of fomlosutr. of this
<br />mz+rigagq ar other transfer of tick to said properi~ in extinguishment of the indebtedness se: tired bemby, ail
<br />right, title, sad interest of the mortgagor is sad to say iffiwamre policies they in force shall pans to ibe
<br />purchaser or mortgagtr ar, of tlse option of the n:ortgagre. resat hr nnrrrudrn.l f+=r a rcfuu+l.
<br />t:. He will keep all buildings sad atbrr improveneents mr ,aid pro}+rrty in gou.l repair and rondiiiau:
<br />s,itl permit commit or suffer txo wastr_ impairmrnL deterioration of said ;,roperh or any pa,-t thereof;
<br />is the event of failarr of the mortgagor is keep the buildingx an .yid prrntise• ati<I tho`s erected an ssirl
<br />premises, or improsrment~ thereon, is good repair. Cllr nturtkagee uxa~ nwkr ,urli repair us in its discretion
<br />it may deem neee6vars for tlrr proper preservation rhereaf: and the full amount aC rash and esen sorb
<br />pavntent shall fie imarrdiatels dire and ;fay ably: and shall br :.stars-,i bt trite lira of thi- murtXage.
<br />is. He s,-ill aoi volnatarik txatr or per:ait to be created against the property' subject to this mortgage say
<br />liaa sty limas itsCrrior ar suprrier to the litre of this martgare without the waittea ranarnt of the mortgagee; and
<br />fartbrr, that fie will kettir a..d maintain ih*• vxnr Irrr fnnu :Its clay n+ ,.t all t„•r*urts -ut+;+ts ing I~Mtr or
<br />mattrials for tmtstrvction of .x+a sari all buildings ur improssnt.~ut- not, hruti rrrrtr+l or in t+e crested on
<br />said premxay.
<br />i. Hr will sot seat ur ats+iga ass part of the tYx+t of said raartgagrd proprri~ ur +ixmali>h. nr rrruut r.
<br />:sr ~xbz<tantially alter acv lxrildhit ..ithc~.tt ilxr esrittr-+ro r~LSent of t}te naartgagr*^.
<br />j. !\lt at.'ards of damages M ronttrctian t, ith tut sundemaatiuu for yuhlic u~r of ur injure lu ass of Ihr
<br />pro;.eri} subject to this mortgage are Irermb~ aseigaed and shall be paid to ntunFagre, whrr may apply tlrr
<br />.aa;e to paywrat at tl.e in:talkmrau la,t due cndrr said not*•, and murtga~er i- hetrh. authorised, in the
<br />- of tlxe s.:sr'Y,aF~. i;a e~i:ter s'.,d =h-lis, r sa!'d a±yuittanrm- tlterr3f sad t:, apq~al frurxa .w+ .ash awanl.
<br />l'. T#re axrrtRrtker ..ball bass ihr ritth4 tit ins;test the uwrtgaged prenii+w. at any era,wsuablr tiinr.
<br />3. !)efaalt is asaf of the eoresa+ata r~ txarditmes of this iast:trment ar of the mete ar loam agreement secured
<br />lttrseby shall termitrate the aaortgagar's tight to poaaessina, Cue, sad enjoyment of the propem, at the option of the
<br />+ ar his aa~aa tit being .agreed that the mongag+or eball have streh right uettil defauh). Upon say such
<br />defaah.. the mortgagee shall become the owsux d all sf the recta sad profits accruing after default as security
<br />far flee iadebt~daese aeeatted hexhy, with thn riaht tq ealrs upon said property far the purpose of eoliecting such
<br />xats sad prel~a: ~q jasframrnt shall uperaYe as ttrt . of say rentals on said property to that extent.
<br />say, ~v;~ ~y sa=a~;
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