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<br />Said promissory note wan Given to secure a loan in which the Small Businkxs Administration, as ageaeq of the
<br />United Staten of America, has participated. In campliaace with section 101.1 i d j of the Rules and Regulations of
<br />the Stall Buaineas Administration [13 C.F.R, 101.1 (d) ], this instrument in to lte construed and enforced in accord-
<br />ance with applicable Federal law_
<br />I. The mortgagor rnvenenta end agrees as:oHows:
<br />a. $e will promptly paq the indebtedness evidenced by said protniasoty note at the times and is the
<br />manner therein provided.
<br />b. fie will paq all tazea, artseaemeats, water rates, and other goveramenial or tatta:cipai chatrgee, find, or
<br />imposftiotu, for which provision has not been made 6ereinbeforc, and will prorttptly deliver the oi~sial rerx:igta
<br />therefor to the said mortgagee.
<br />c. Re will pap such ezpensea and fees as may be incurred in the protection Gad maintettanee of said
<br />• property, including the fees of anq attorney employed by the mortgagee for the collection of any or a@ of
<br />the indebtedness hereby secured, ae foreclosure by mortgagea•s sale, ar enact praceedirgs,. ar in any atlrer
<br />litigation or proceeding affecting said property. Attorneys' feel: reasonable incurred in anv other way shall he
<br />paid by the mortgagor.
<br />d. For better securitc of the indebtedness hereby secured, upon the request of the mortgagee, its
<br />succes_sora or assigns, he shall execute ami Jelia•er a supplemental ntnrtgagr nr mortgages covering any
<br />additions, improvements, or betterments made to the proprrtc 6rreinahoce. described and aR property
<br />acquired by it after the date hereoi ~ all in farm eatisfarturv to nmrtg.uger ~. Funhenuarr, shmild mortgagor
<br />fail to cure anv Je[anlt in the pa}-meat of a prior or inferior rncumbraucr on the properu' described br
<br />this instrument, mortgagor herebv agree_ to permit mortgagee to ~ urr -urh default, but mortgagee i. not
<br />obligated to do sn: and such advances shall become part of the indrMrdnr.. -reared be this iuxtniment.
<br />.object to the name terms and conditions.
<br />n. The rights created by this cur»~eyance shall remain in full Iarrr mrd rltecl During mn postpunewrnt
<br />or extension u[ the time a{ the payment of the huirbtedness evidenced by -aid pramistorv note or an) part
<br />thereof secured herebv.
<br />f. 13e will coniinuoueh maintain banned insurance, of euah type or types and in such amounts as the
<br />nwrtgagee may frmn time to time rrifuirr nn the ingxovwmems now ur Lrreafirr un -aid pr~p.mty, ami
<br />will pay promptly when due any premiums therefor. all insurance shall 6e carried in eompaniw aceeptab~
<br />to mertgagee anJ the policies and renewals thereof shall hr held Ly mortgagee and have attached thereto
<br />Ions payable clauaen in favor of and in form acceptable to the mortgagor. In event of loss, mortgagor will give
<br />immediate native in writing is mortgagee, and ;rsurtgagee nmy :Hake proof of loss if not made promptly- by
<br />morigaror. and each insurance company ronr_erned is hereby authorised and rfirected to make, payment for such
<br />loss directk to mortgagee instead of to mortgagor :+nd mortgagee, jointly, and the insurance proceeds, or any
<br />part thereof, may be applied by mortgagee at its option either to the reduction ui the indebtedness hereby
<br />secured ar to the rr,toration or repair of the property damaged or rfestre.ved. In event of foreclosure of d+in
<br />mortgage, or other transfer of title to said property in rztinguish rnent of the indebtedness secured hereby, all
<br />right, title, aad interest of the mortgagor in and to any insurance policies then in force shalt pass to the
<br />purcha.rr or nu>rtgagrr or, of the option of the uwrt;;agce, u , br .nrn•ndrn>d h,r a refund.
<br />x. He will keep all buildings and other improvements ou .unl pnturrty iu paud repair ;unl eondttiou:
<br />will permit, cumntiq ur satfer nu waste., impairmeuL Jeteriuration nl said proporty ur Gus part thereuL
<br />iu the event of failure of the morlEagor to keep the buildings ou sail premises and thou erected on said
<br />premises, or inyxoventeuts thereon, iu good repair, the martgager may make ~uc6 repairs as in its diaeretion
<br />it Wray deem necessary for the proper prrsen atiuu thereof; .uuf the full amount of ruc6 and recce such
<br />payment shall be. imnrrrliately dtrr and pay able: and -hall hr -reared by tier lu>u of thi. nurrt ga ~+•.
<br />h. He will not voluntarily create or permit to he created againai rho property subject to this mortgage any
<br />lien or liens inferior or superior to the lien of thin mortgage without the written cmuxstl of the mortgagee: and
<br />- further, that hr will keep and mniutam the -awe fre,• from the riaan nl all prr.+ .. -upplyiny, labor m
<br />materials Ibr cotta[ruction of Goy anal all buildings ur iurpruvenu~nt. now bring ~~rrctrd nr to hr .-acted ou
<br />said premises.
<br />He will not rent + r assign :ury earl of the rent of swirl nrorlgagwl pnqu•rt ..r demolish. nr rwn+n r.
<br />ur sabstautially alter anv +bni Lling tvilhoui ti~.• wri ttru c. a+drut of the martgager.
<br />j. Alf awards of danntgee iu contteclion with au} cundanu+atimt for public one uF ur mjun to am ul the
<br />property subject to this nwrigagr are herebv assignr+i :uui .hall br pail to uwrtgager. who run) apply the
<br />~anrr to pay occur of the installments law Jar under said note, ;uul mortga Rer t~ hembt .uu horiceJ, in the
<br />uamr of tlye mortgagor, to exeritle and dr{iv~•r valF} acquhiaocr, Sf+rreof end tw appeal from :ury ~neL a,.arJ.
<br />A. 7~hr, uwrfgagn .bat! hate bur riµht to uusprct the uuutgagrd pn•nn...~- ai ,..n n a, uuehlr tour.
<br />2. Defsult fn anv of the, covenants or conditions of this instrument or n( the note or loan agreement securwl
<br />hereby shall terminate the mortgagor s right to possession, use. and rnjoyenent of the proper v, at the option of tier
<br />mortgagee or his assigns rit being agreed that the mortgagor shall have such right until drf;uJt 1. Dpou any such
<br />default. the martga gee shat} Mrame the owner of nllrof the rents and profits accruing .dtrr default a .,-curia
<br />for•the inJebiednres secured hereby, with the: right to enter upon said property for the purpus+~ of collecting such
<br />rents atml pt}tfilp. This instrument shall operate as an assignment of Gay rentals nn said pro}H•rtt m that r•ztrot.
<br />°>=+t~
<br />sHA C U nM §La !2•rfl
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