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<br />Said promissory note was given to secure a loan in which the Small Business Administration, an agency of the
<br />United States of America, has participated. In complianec with section I01.1(d} of the Rules and Regulations of
<br />the SiEall Business Administration [13 C.F.R. 1011(4}], this instrument is to be construed and enforced in ac~ord-
<br />ance 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 />6, He will pay all taxes, aseessmenta, water rates, and other governmental or ntutticipa! charges, fines, or
<br />_ impositions, for which provision has not been made hereinbefare, and will promptly deliver [he official reucipt6 -
<br />therefor to the said mortgagee.
<br />~- c. He will pay such expenses and fees as may be incurred iu the protection and maintenance of said
<br />property, including the Fees of any attorney employed by the mortgagee for the collection oC any oc all of
<br />the indrbtedneee hereby secured, or foreclosure by ntortgager.'s sale, or court proceedings, or in any other
<br />- litigation or proceeding affecting said property. Attorneys' fees reasonably incurred in am~ other way shall he
<br />` paid by the mortgagor.
<br />r d. For better security of the indebtedness hereby ,stored, ^pon the request of tbr, mortgagee, its
<br />~ ~suceessors ur assitime, he shall execute and deliver a supplemental' mortgage or mortgages c:ovaring mty
<br />additions, improvements, or hetterntents made to t{te propuitc hr~reinahuv. .lesc•ihed and all grope-rh~
<br />~ ac aired by it after the date h trot tall in form satisfacturv w mot „teed Furtheenutrr, should more aror
<br />4 € 6•"": •• g'
<br />.fail to tore env default in the payment n[ a prior or inferior, encurubraure nn ihr~ propnrh described he
<br />k 'this lost rumor. t, mortgagor hereby agrees to permit mortgagee to core ~ur6 default. but ntart~agre isnoi
<br />i i '~ obligated to do so: and such advances shall 6econte part of',thr inilrbtrdnrss ~rrtired M• this iaxtrtuuwt[,
<br />.~uhj?r! to the same terms and conditions.
<br />o. The rights created h. this rnnrevunee shall rentuin in full forte ,unl rlfert tinting un+ puapourmrut
<br />or extension of the lime of the payment of the iudrhtw{ness ryidmned b+ ,aid promisson uote• ur ;ut+ part
<br />thereof soured hereby.
<br />f. He will continuoualy maintain hazard insurance, of each type or types and in such amounts as the
<br />mortgagee may from time to time require uu the improvements now ur herr:d'u•r nn maid propcrt ~-, and
<br />will pay promptly when due any premiums therektr.:111 insurance shall be carried in companies acceptable
<br />~ --° to mortgagor. and thepohciea and renewals thereof shall he held by mortgagee and have attached thereto
<br />~i ', lose payable clauses in favor of and in fornt acceptable to the mortga gee. Fn runt of fuss, mortgagor will give
<br />'~.~'~. immediate notice in w~riting.tn mortgagoe, sod mortgagee may make proof oC loss if oat made promptly by
<br />'~ mortgagor, and each in~urantt company concerned i~ hereby authurizrd and directed to orate pncmrni for such
<br />ill
<br />'~. ~...lues directly to mortgagee instead of to mortgagor ,end mortgagee jointly, and the bteurance proceeds, ur any
<br />- ~ ',,~, part thereof, may be 'apgltrd by mortgagee at its aption a ithrr te-.she-seduction of-the indehtedtiass heraht°.
<br />~ ~_ _ '_ '' _ "_secure+{ or to the rentcrration pr repair of the property d maged or d~tro+rd..In avert uL fQrceLoauze uE tlua
<br />- mortgage, or other transfer oC tit{e to said property in extinguislunrnt of the indebtedness srturrd hereby, all
<br />right, title, and interest of the mortgagor in and to any inautance polities than itt fOMe shall pass to the
<br />purehasrr ur mortgagrr or. ut the option of the mortgagrr, mac he surn•odr red for a refund,
<br />u. I{r will keep all 6:uldings and atlter impr+tvemeuts mt said proper!} iu rood repair and eundition;
<br />- will lert»tit, c-mm~uq or suffer nn wash:, impairment, deterioration of said prupurty or ant lnrrt drereof:
<br />in the r+rnt of Euilure of the nturtgagor to keep the buildings un .uid prrndses end those rrerted un said
<br />premise+, ur inq.nrvemcntn thrrron, iu good repair, the mortgagee may make -uclt repairs as in its discretion
<br />it mac dorm nrtess.+r+ for the proper Itrearrvatimt thereof: acrd the full amount of each and nvrt+ ~ueh
<br />pavntrnt shall be immedianrlc due and payable: .end shalt br secured by cite Iirn nl' chi. uutrtgugr
<br />h. Fie will not roluurrrily create or perotit to be created against rho property aubjact to this mortgage any
<br />lien ur li.•ns inferior ur superior to the lien of thin tnurtgage without the written cnnncnt of the. nmrtgagee: and
<br />-- furHter, that {tr will keep and maintain the .amt frrr fnan tLr claim of all persons. xtlgd}tug Ialrur ut
<br />- _ materials fur cauatruetiun of arty and all huildutgs ur irupcutunuvtts now hrittg rrrvtcd err in hr stetted net
<br />- - -said pr+•rnittes.
<br />i. He will out rent ur a„sign um parr of the root of said awrtgagod prnprrh ar deandi.h, err rrmr+t..•.
<br />- - -or nuhntanUalh scree unv building withow the wrtik•n runseut .-! the morlt:uge+•.
<br />f, All awards oC dtmtuges in earotreuun with an} cmtdemnatiuu fur public use of ~r ut]ur+ to stn ui' the
<br />- pruprtt~ .object to this nturtNage uer lterehy assigned and shall be paid to nn+rtgxWre, who mac apply the
<br />haute d, pa+ntettt al for inetul{ntrnte lea titre under _.-aid note, :utd nmrtgagee is berth} suthoriaed, in the
<br />- 'r ounce of the mortgagor, ko execute and driver valid uttptitiunae. ihrn•of and to appeal fr+nu sot. „nth nt+atd.
<br />--- !,. '!•hr uwrtgaxee =hall have the nigh! to inspeeF Ihr a+urignged premise- at .ut~ re.a+uta{tlr titer.
<br />~~ 8, -Aotault in any u£ the tovrttan4l ar coedit{ohs of thin inetrunrent ur of rho note or loan agrermr•nt secured
<br />-tsi hereby shall terminate the mortgagor's right to pusaession, nee, and enjoyment of the property, at the option of the
<br />-~: twottgagor or his astdgtrs tit being agreed that the mortgagor shill have ouch rig{tt until drfaultl. Upon any such
<br />- defduh, the mortgagrr shall Iu•conu: the ownee~ of all of the tents and profits araruiup after default us xrurity
<br />cos the indeb~etlb~ae xtaktxFd hereby, with the rixhtto ent«r upon staid propertc (or the purpose uC collecting such
<br />rents and profits, ThW irtetrtmreut shall operate as-an-aeaignmrnt of say rentals nn said pruperlc to that extent.
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<br />SaA i'JKM Y['a to-Y Jl
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