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<br />Said promissory nau was gives to secure a loan in which the Small Business Administration, an agency of the
<br />f3vfied States of America, has participated. fa compliance with section 101.1 f d j of the Rvlee and Regntationa of
<br />the Smsti Buaiaesa Admiaiairation [I3 C.F.R. 101.1 (d) ), this instrument i9 to be construed and enforced in aceord•
<br />antt with applicable Federal law.
<br />L The mortgagor cavmanta and agrees as follows:
<br />a. He will promptly pay Ehe indebtedness evidenced bq said promimory non at the times and in the
<br />manger therein provided
<br />b. He will pay.all taus, aasesemeata, wane rates, sad other governmental or municipal charges, &aea, or
<br />impositions, foz which provision has not been made hereinbefore, and will promptly deliver the official receipts
<br />therefoz to the said mortgagee.
<br />c. He will pny such eapeneee and Eees as may be incurred is the protection and maintenance of said
<br />property, including the free of any attorney, employed by the mortgagee for the collection of any or all of
<br />the indebudneee hereby secured, or foreclosure by mortgagee's sale, or court proceedings, or in any other
<br />litigation or proceeding affecting said property. Attorneys' fees reasonably inerrrred in env other way shall he
<br />paid by the mortgagor.
<br />d. For better security of the indebtedness hereby secured, upon the reyueet of the mortgagee, its
<br />snecesators or assigns, he shall execute and deliver a supplemental mortgage or mortgages covering any
<br />additions, improvements, or bettermenu made to the property hereinabovr rtearribed and all property
<br />acquired by it after the date hereof 1 al] in form satisfactory fo mortgagee i .Furthermore, should mortgagor
<br />fail to cure any default in the payment of a prior or inferior encumbrance on the property described fry
<br />this instrument, mortgagor hereby agrees to permit mortgagee to corr. such default, but mortgagee is not
<br />obligated, to do so: and such advances shall become {rare, of the imlebtrdness .aerured be this instrtrm en t,
<br />subject to the same terms and renditions.
<br />e. The rights created by this conveyance shall remain iu Cull force and effect during anc postponement
<br />or ezteneion of the time of the pa}~etent of the indebtedness evidenced by said promissory note or anc part
<br />thereof secured hereby.
<br />f. He will continuously maintain hazard insurance, of such type or types and in such amounts ae the
<br />mortgagee may from time to time require on the improvements nos or hereafter on esi+I proprrt c, and
<br />will par promptly when due any premiums therefor. All insurance shall be tamed in companies acceptable
<br />to mortgagee anal the paficiea and renewals thereof shall be lreid by mortgagee and have attached thereto
<br />loan payable ciauaea in favor of and in form acceptable to the mortgagee. 1n event of lase, mortgagor will 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 croncemrd is hereby authorized and directed to make payment fc:r such
<br />ions elirecily to mortgagee i»atead of to mortgagee and mortgagee jointly, and the insurance proceeds, or any
<br />Dart thereof, may be applied by mortgr#p°ee at its option either to the reduction aF the indebtedness hgr€bv
<br />secured or to the restoration or repair of the property damaged or destroyed. fn event of foreclosure of this
<br />mortgage, or other transfee of title to said property in extinguishment of the indebtedness secured hereby, ail
<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 oq at the option of the mortgagee, may br surrendered (or a refund,
<br />g. He will keep all buildings and other improvements on said property in good repair and condition:
<br />will permit. eammit, or softer no waste, impairment, deterioration of acid properh' or anc part thereof:
<br />in the event of failure of the mortgagor to keep the buildings on raid premises and tho-e erected on said
<br />premises, or improvements thereon, in good repair, the mortgagee may make such repairs as in its discretion
<br />it may deem necessary for the proper preservatimt thereo[; and the full antuunl of each and every such
<br />payment shell be immediately due and payable; and shall he srerrred by the lien of thi, nuvtgage.
<br />h. He will not voluntarily create or permit to be created against the property subject to this mortgage any
<br />lien or liens inferior or superior to the lien aI this mortgage without the written consent of the mortgagee; and
<br />further, that he will keep and maintain the saws free. frost the_ claim of all peremrs ~upph~ing tabor nr
<br />materials Cur construction of any and all buildings or itnproveterrnta new being erected nr to be erected ou
<br />said premises.
<br />i. He will not rent or assign any part of the rent of said mortgaged pruprrt} ur rlrnudish, ur rrnwre,
<br />or substantially abet am building without the written consent a( the morf gager.
<br />p. Ail awards of damages in connection with any condemnation for public use of or injur} w aua o[ the
<br />property subject to this mortgage are hereby assigned and shall be paid to mortgagee, who may apply the
<br />same to payment of the inetnllmente last due under said note, and mortgagee is hereby authorized, in the
<br />name of the mortgagoq to execute and deliver valid ecyuiuanees thereof and nr appeal from ;my such award.
<br />Sc. The mortgagee shall have the right to inspect the mortgaged premier.. at guy reasonable tune.
<br />2. Ilefault in any of the covenants or conditions of thin inttrument or of the note of loan agreement secured
<br />hereby ahail terminate the mortgagor's right to posaeaeion, use, and enjoyment of the property, et the option of the
<br />mortgagee or his assigns i it being agreed that the mortgagor shall have such right until default 1. Lyon any ouch
<br />default, the mortgagee shall become the owner of all of the rents and profits acrruing after default as security
<br />for the indebta~'xteea secured harebv, with the righE to enter upon said property for the purpose of collecting nurh
<br />taints and profits. This in,itrirment shall operate assn assignment of any rentals on said propene to that extent.
<br />Sa/. eO RM a]A S2-ear
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