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<br />a ~ i Said pronaawsary xixi4e avas given to secure a loan in whirh'','~the Small Business e'tdininistration, six agency of the
<br />linitcd States of America, hae participated. In compliance with section 107.1(4) of the Rules and Regulations of
<br />~ the Srteall Business Administration [13 C.F.R. 101.1(4) ], this instrument is to be construed and enforced in accord-
<br />- once with applicable Federal law.
<br />1. The mortgagor covenants and agrees as follows:
<br />a. He will promptly pay the indebtedness evidenced by said promissory note at the times and in the
<br />manner therein provided.
<br />b. He will pay aII taxes, assessments, water rates, and other governmental or mti;.iclpal charges, fines, or
<br />impositions, for which provision hae not been made hereinbefore, and will promptly deliver the official receipts
<br />therefor to the said mortgagee.
<br />c. He will pay such expenses and 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 of any or all of
<br />the indebtedness hereby secured, or foreclosure bg mortgagee's axle, or court proceedings, or in any other
<br />litigation or proceeding affecting said propert}. Attorneys' lees reasonabia' inenrred in am other way shall hr
<br />paid by the mortgagor.
<br />d. For better security of the indebtedness hereby scoured, upmt the request of the mortgagee, its
<br />successors or assigns, he shall execute and 4eliver a supplemental mortgage or mortgages covering am
<br />additions, improvements, or betterments made to the property hereinuboyc described .rod all property
<br />acquired by it after the date hereof ~ all in form satisfactory to utortgagee r. Furthrnttnre, should mortgagor
<br />fail to cure any default in the payment of a prior or inferior rncwnbrauce on the pruperh' described by
<br />this instnrmeat, mortgagor hereby agrees to pernut mortgagee to cure such default, but mortgagee is not
<br />obligated to do so; and such advances shall hncosntr part of tltr inriebter4tes ..reared by this iustrtrment,
<br />subject to the :•.tme terms and con4itimts.
<br />c. The ri,thts created by this c•oxn•eyance shall remain in full force unrl clirct during auy postponcurr•nt
<br />or exteusiorx uC the time of the payment of the irtdrhtrdness rcidrnced I>y said promissory Hair or ant part
<br />thereof secured herebv.
<br />/. He will continuously maintain hazard insurance, o[ sueh type or types and in such amoxmta as the
<br />mortgagee mar from lime to time require un the imparvrments now or hereafter on ,.girl propr>ri}, and
<br />will pay promptly when due any premiums therefor. All insurance shall be carried itt companies acceptable
<br />to mortgagee and the pnhciea and renewals thereof shall be held by mortgagee and have attached thereto
<br />toss payabie clauses in favor of and in form acceptable to the mortgagee. In event of loss, mortgagor still give
<br />immediate notice in writing to mortgagee, and mortgagee may make proof of loss iF not made promptly by
<br />mortgagor, and each insurance company concerned is hereby authorized and directed to make payment for ouch
<br />_ lass directly to mortgagee instead of to mortgagor and mortgagee jointly, and the insurance proceeds, or any
<br />part therro€, may b,= applied by mortgagee at its option richer to the rrclxtrts"vn of the indebtedu horebp
<br />secured nr to the restoration or repair of the property damaged or de3troyed. fn ea•ent of foreclosure of this
<br />mortgage. or other transfer of ttde to said property En exitnguishment of the Endebtedness seruErd herebv, all
<br />_ right, title, and intereris of the mortgagor in and to any insurance polieira -thin in fates .hall peas to the.
<br />purthasrr'ur mortgagee or, at tier option of the tnartgagrr- coos Ixc• nurrrndrrcvl free ,x refr:nr#.
<br />- g. fie vxifi kr~p alJ bxsilrt;r~~.. ;end .other inxpr±zarrrtrntr< xrrr id peaty itr ;;=?~I rr~pair ;#tuf r€rndit~tt,-
<br />will permit, conmti4 or softer nu waste, impairment, detenurahoa of satrl prapetty nr um part thereof;
<br />in the rannt of failure of the mortgagor to keep the built{in}ex on said prrmts+es and litasr erected ou said
<br />prrnntisea, or improvements Iherrun, in gaud repair, tltr mortgagee may make ,uch rrlr,iirs as in its discretion
<br />it nary deem necessart for the proper prrservatian thereof: and tlcr htlt auxututt of each unel rcrra~ such
<br />paymeiu shall be imntrdiately due and pa}ahie: sad sha^ hr >•rvured by the Tien of this mort~aw.
<br />h. Hr. will not voluntarily create or perntit to b« created against the proixetty subject to this mortgage any
<br />Tien or lima inferior nr superior to the lien of this mnrtpage without the written consent of the mortgagee; and
<br />fttrthur, that hr will keep and maintain the sauce tree lratn xhr ciaint of all prr~wts .npplving labor of
<br />materials for ronelruction u( am and all burldinaa or itottrv»rnn•nta Hasa print: rrrrtrrl ur to hr rrrrtrri rm
<br />said premisex.
<br />i. klr• will ant trot ur align any }cart of the erect ert -a r.i reuertgagrrE prop,-rn hr ~IPrrioli..h or e~tnur r.
<br />or euh>,lanlially alter any lnulding without iMw wrlttrn run,WUr of the mortgagor.
<br />f. All awenla of damages in eonnrrticen with ant conrlrtiutetiatt for pultlic tt±r of rxr injttr} to arty of the
<br />properly subject to this mortgage err her.=ha assianrci and ;!tall br paid to taccrtgagrr, wlio ntav aptly the:
<br />some In purmrnt of tlrr installmrnta last due under said note, and mortgagee is hrn•hy attthorizrd, in the
<br />name of the mortgagor, [o rxrettte and deliver valid a:`yuittatx~r+ ihrrrerF and tee alr{rkal from env «rtoh award.
<br />k. "1'hr uturtgager .halt hove the right in inspect the ntuetµagrd prentisr. a1 env masrmable titnc.
<br />2. Default in any of the covenants or conditions of this instnrment ar of she note or loan agreement serrated
<br />hereby shall terminate the mortgagor's right to poaseseion, use, and enjoyment of the property, at the option of the
<br />mortgagee or his assigns fit being agreed that the mortgagor shall have such right until default). Upon any such
<br />default. the mortgagee shall become the owner- of all of the rents and profits accruing after default as security
<br />for the in4ette~ea.ettaured hereby, with the_rialt4 ta,entsr upon said property for the purpose of collecting such
<br />rants sod pry t~, h';=sit'netrument shalt operate as an assignment of any rentals on said property to that extent.
<br />Spq FORM 92a (2-73)
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