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<br />Said promissory note was given to secure a Ioan in which the Small Business Administration, an agency of khe
<br />United States of America, has participated. In compliance »ifh section 101.1 (d) of the Rules and Regulations of
<br />the Sall $uainess Administration (13 C.F.P. 101.1(df J, .this instrument is io be construed-sad enforced iti ateord-
<br />ance with applicable Federal law.
<br />I. The mortgagor covenants and agrees as follows: - -
<br />a. He will promptly pay the iadebtedaees evidenced by said promieeory nou at the- times aad'in the
<br />manner therein provided.
<br />b. He will pay all taxes, asaessmenta, water rates, and other governmental or mt:n;elpai charges, 5net4 of
<br />impositions, for which provision has not been made hereinbetare, and will promptly deliver the official iei ;ipta
<br />_ therefor to the said mortgagee. -
<br />-- - c. He will pay aue6 expenses and fees as may be incurred in the protection and maintenanceof said
<br />- property, including the fees of any attorney.ernployed by the mortgagee for the collection of any or all of
<br />- the indebtedness her~hv secured, or foreclosure by mortgagee's sale, or court proceedings, or in any other
<br />- - litigation or proceed;'ng affecting said property. Attorneys' fees masunably incurred in ariv other way shall be
<br />paid by the mortgagor.
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<br />d. Fnr better security of the indebtedness hereby secured,-upon-[fie }ryirer;t-bi~Yire-mur:gag-az--its ____
<br />successors or assigns, he shall execute and deliver a supplemental mortgage nr mortgages covering am-
<br />additions, improvements, or betterments made to the property Lereinabore described and all property
<br />acquired by it after the date hereof tall in form satisfactorc ul ntnrtgagee ~. FurtheYmore, should mortgagor
<br />fail to cure any default in the payment of a prior or inferior encumbrmtce on the pruperh described by
<br />this instrument, mortgagor hereby agrees to ,permit mortgagee to cure surL default. but mortgagee is not
<br />obligated to do so: and such advances shall becmue part oC,tbe indehtednr=> .ecirred by this iustnauent,
<br />subject to the same terms and conditions.
<br />c. '1'be rights created by this conveyance shall remain iu full force and effect daring au+ post puu«•uu•nt
<br />or extension of the time of the payment of the iu drbtedness evidenced I»' said pmmfrsorv nine ur an+ peel
<br />thereofseeured hereby.
<br />f. He will continuously maintain hazard insurance, of such type or types and in such amotmta as the
<br />mortgagee mar from time to time require nn the improyeroents now or hcra(ir un ..aid prnp«•rn. :uul
<br />will pay promptly when due any premiums therefor all insurance shall be carried in companies acceptable
<br />to mortgagee and the policies and renewals thereof shall be held by mortgagee and have attached thereto
<br />lose 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 loss if not made pmmpth~ by
<br />mortgagor, and each insurance company concerned is hereby authorized and directed [u make payment for such
<br />ions direcEly to mortgagee instead of to mortgagor and mortgagee jointly, and the insurance proceeds, or any
<br />part thereof, may be applied by mortgagee at its option either to the reduction of the indebtedness hereby
<br />secured or to the restoration or repair of the property damaged or destroyed. [n event of Foreclosure of tlris
<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 any insurance policies then in force shall pass to the
<br />purchaser or mortgagee or, at the op[im+ of the mortgagee, ma. be ,urmndemd tar a refloat.
<br />g, lie. will keep all buildings and other im prucentents em :aid proprrq iu gaud repair and condition:
<br />will permit, commit, or suffer uo waste, impairment, deterioration of <uid pnyx•rty nr :ut+ part thereoi;
<br />in the event of failure of the mortgagor to keep the buildings nn said premises ,nul these errcual un .aid
<br />premises, or improvements thereon, in good repair, the mortgagerr arse make each repairs as in its diserrtinn
<br />it rosy deem necessary for the peeper preservation tl+ereoL unrl the toll anmunt of each and ryrrc such
<br />p:+yment shall be iromediatek due and payable: unrl shall be secured 6+ rile lien of tLi- uurtt_;tge.
<br />': t i )'•: Yr, dIe avlll boT;vkrluptarily- crepM;or per{nit~le be created against the propRrty subject to this mortgage any
<br />lien or liens inferior or superior to the lien of dries rnortguge without the written consent of the mortgagee; and
<br />furthe4 that fie will keep and maiutaiu the saute free from the claim ul all persun> .upplcin;; labor ur
<br />materials for construction of auv and all buildings or improvenr«•nts now being .•n•rted nr to be rrcrted nu
<br />said premises.
<br />i. He will nut rent or assign am purl of the rent of .aid mortgaged prupert+ ur damnlish, nr rerun«•,
<br />or substantially alter un.' building without the +yritten enneent of the mortgage«-.
<br />j. Alf awards of datitages iu muuection with any condmnnatiou for public use of ur ityury to um of the
<br />property ,object to this mortgage are hereby assigned and shall he paid to ntnngagee, w}hu mac apple the
<br />same to payment of the inatallmeuta last due under said uute, and nwrtgugee is herrb+ authorized, in th,•
<br />mm~e oC the mortgagor, to execute and deliver valid acquittance. thereofand to appeal from urn .uch ua~ur«I.
<br />A. ~i'he mortgagee sl+all have, the right to inspect the mortgaged premises :+t any reasonable time.
<br />2: Default in any of the covenants or conditions of this instrument or of-the note or loan agreement secured
<br />hereby shall terminate the mortgagor's right to poasesaion, 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 defnuh). Upon any such
<br />default, the mortgagee shall become the owner ~C all of the rents and profits accruing after default as security
<br />tot the indebtedness secured hereby, with. the ri¢bk-to corer upon said property for the purpose of collecting such
<br />rents and'profite. This instrument shall operate ae an assignment of any rentals on said property to that extent.
<br />aBA FORM 9]8 (2-~31
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