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<br />5ald premiseaey pole wan given to secure a loan in which the Small Business Administration, an agency of Ehe
<br />United Stag of America, line participated. In compliance with section 101.1td} of the Rules and Rcgnlations of
<br />the ~iiisll Bttsineee Administration [13 C.F.R. iDl.l(dt j, [his instrument is to be construed and enforced in aceard•
<br />:urce.wieh-applicable Federal Lw,
<br />l: 1'lie mortaagter coaenantr and agrees :,follows:
<br />a: $e' wilt pminptly Pay the indehtednttr evidenced by said ptomiseory note at the. rims and :ia the
<br />matsaer tbertitt provided.
<br />bt He will pay all: razes. attaeeeenettts. water Hies, sad other govertunental or m::a:eipa'- ehaeges, fitaea, or
<br />impositions, for which-provision bn not been made hereinbefore, and will promptly deliver the adeial reisipts
<br />tiieretor to the said mortgagee.
<br />c: $e:frill -pay aneh; ezpeneres erred fees as may be incurred in the protection and maintenance of said
<br />prnprerty, including the fees of any attorney employed by the mortgagee-for the collection oC any or.ail of
<br />the iadebtedaer hereby secured, or foreclosure ley mortgagee's sale, ur court proceeriinga, or in any outer
<br />litigation or proceeding aNecting said property. Attorneys' (ees reasanahly incurred in any other way shall he
<br />paid by the mortgagor.
<br />d. Roe better security of the indebtedness hereby secured, upon the reyurst of the mortgagce, its
<br />ratceeesora or assigns, he shall execute and deliver a supplemental mnrtgac_e nr nwrtgages covering any
<br />additions, improvements. or betterments marls to the proprrtt hrreinabotr ~Iracribed and all property
<br />acquimd 6y it after the date hereof • all in form .atisfactary to nnxtgager ~. }•lrrthermnre, ehoulri mortgagor
<br />fail to cure any default in the payment of a prior ur inferior rncmnhranm on the pmperh' described by
<br />this instrument, mortgagor hereby agrees to perntil mortgagee to cure such default, but mortgagee is not
<br />obligated to tfo so; and such advances .hall heramr part of the indrherdne.~ =rcured he thi. instrument,
<br />subjzct to the same terms and conditions.
<br />r•. The rights created bc_ thin conveyance shall remain ir: fu}i farm and rllect rluriug ant pwtpunrmrnt
<br />or extension of the time nC the patmrent of the ouirbtedne:.~ reidenerd he -aid prnani+.nrc Hoer ar ant part
<br />theteofsecared hereby.
<br />f. Fie will toatinuoualy maintain hasard insurance, of such type or types and in such amottttts as the
<br />mortgagee may from once to time rrefuire on the inrprn.etnent. now ur 6rreaftrr .ar -Hid propsrtt. .cud
<br />wH! par promptly when due am' premiums therefor. All insurance shall be carried in companies aeceptabk
<br />to enortgagce and the policies and renewals thereof shall be held by mortgagee and have attached thereto
<br />for payabk claueee in favor of and in form acceptable to the mortgagee. In event of lose, mortgagor will give
<br />iet»rtediate erotiec in writing to mortgagee, and mortgagee mar mat- proof of loss iF not made promptly by
<br />mortgagor, and each insurance company concerned is hereby au• ~rixed and directed to make payment for such
<br />toes dimity to mortgagee instead of to mortgagor and mortgagee jointly, and the insurance proceeds, or nay
<br />part thereof, mar be applied by rtwrtgaga at its option either to the re+luction of the indebtedness hereby
<br />secured or to the reatarauon or repair of the progerty damaged ar destroyed. In event of foraclo-urc of this
<br />mortgage, or other transfer of title to said properri in exhnguishmeni of the indebtedness secured hereby, all
<br />right. title, and intereei of the mortgagor in and to any inaunnce palieiea then in force shall f=ass to the
<br />purchaser ar uxoNptgrr or. at the aplian of the tuortgat're, mat hr ,urrrn.lrrrd fns a rcfttrrrl.
<br />X, Ile will keep all lsuildings and other improvements on -aid pruprrtt en ;;u+,<i rrl,utr .ued roudition:
<br />will permit, rettawit, or sorter flee waste, impairment, deterioraiiort of said pro}>rrtt nr an: part thereof:
<br />in-the etcrit :,f faihue of Cite nwrtgagor to keep the 6uiiding- nn ..>ai.l pernusr~ :end thaw everted an aanl
<br />prtruiatf., ~ . -rrovetnents iherew>< in good repair, tote mortgagee may make rush rrpairo a. in its discretion
<br />it may der, ~•cessatp far tEtr proper presrrration t6ercof; sad the Euii amount of Palh and rwrrt .ut-h
<br />payosent shall bs iratediatEly drte and pay abler and shall he ,xcttrod ht for lien of thi„ rnortgagr.
<br />h. He ail) trot voluntarily create a* permit to be created against the property' subject to this mortgage any
<br />ilea or liens inferior of supttior to the lien of this mortgage without the written ronsrnt of the mortgagee; and
<br />fuNher, that he will keep an<i main!:in ihr .suer free fraur the Main: ut all }errrnn: ,upplt ing labor nr
<br />tetalerials tut citnattuction of ant- acrd all buildin#s yr ittrprarerurnt, oow ztrtrtg ••rrrtrd =tr to l+e ,•rerteri nu
<br />sail pretenses.
<br />i. fir will trot rent ur a.esign ant par! ref the rest Uf :mid mortgaged props rte nr drntali~h, cer rrurtn~c.
<br />esr -nbetatttialiy alter any building without the writtrrr cnn+ent of the mortt:aarr
<br />j:'iti xwardao[daasagesn cawttectiua with any condemnation for publtr ur,r of or injur} to.an} of the
<br />irrrsperty strhjeet to this mortgage are hereby asaigflrd and shall br paid to ne.:rtgagee, wbw mat apply the
<br />-aatne to iyyenrnt of rive inataliments last ,lue under .raid note, anti ntartaager :• hrrrh+ authorised, in the
<br />rarhr•nf"tits mort~agar; to raecute and deliver vafidacyuittattsrs titereef and tr, apltr•al {runt aa+ Fuch aw:er=1.
<br />/t. `!•hr tuortttager xhaN stare the ci{ibt to inspect the nrurigagrrl l>rrtuts.•-.,t ant rraw.+teaitle true:.
<br />J!,'. I~Md{ ~ t-tey oI dle otwewrwu or-eonditiotw of thoc ietaErnment ar of the ,naee ar lain agrertnrnt secured
<br />lfftre~v shall teratltsata t~ Irtartgagot's rig}tt to pgwsersinn, uitu, and etijagtnent of the property, at ehr aptitsn of the
<br />~ hat tytagttyt fit hrtiwg agreed: tha# tlu mortgagor shall hate such right untie default t. L`pan any such
<br />d~krRt-ttlae nturie-idirdl become. ihr owteer-ai all's! elite twat: and pro&ts ~centtng niter default as serurity
<br />for t~ ipdehtedgttat seturetl herebry, rith ~s,riUbt<ia tgtsar n*q~statYid praperiv for the purt,use a( calircting such
<br />reau and prokls. 1~rb ietstrumeni :trail ofesim-as-tan assipmmtt r>f any rentals an said property to that rxtrnt.
<br />SH.~ Fr3 Rhi 8Yt f2-))i
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