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8fl-- r;~yrt 67I
<br />Said promissory note wsa given to assure a loan in which the Small B~inesa AdminiMration, an agency of the
<br />United Staten of America, has participated. In compliance with section 10}.ltd} of the Rules and Regaiations of
<br />the Stksail Business Administration (13 C.F.R. 101.1(dl j, this instmment is to be construed and enforced in accord-
<br />amx with applieahle Federal law.
<br />1. The mortgagor txivenaata end agrees as follows:
<br />a. He will promptly pay the fndebtedaeas evidenced by said promissory note at the times sad is the
<br />manner therein provided.
<br />6. He will pay all,taxea, aaseeameata, water rates, sad other governmental or mt:u:cipaj charges, floes, or
<br />impositions, far which provision has not been made hereinbef¢re, and will promptly deliver the official rein.-ipe
<br />therefor to the said mortgagee.
<br />e. He will pay such eapenaes and fees as may be incurred in the protection sad maintenance of said
<br />property, including the Feea of any attorney employed by the mortgagee for the collection of any ar all of
<br />the indebtedness hereby secured, or foreclosure by mortgagee's sale, or court proceedings, or in any other
<br />litigation or proceeding affecting said property. Attorneys' fees reaxonabh- incurred in any other way shall he
<br />paid by the mortgagor.
<br />d. For better security of the indebtedness herehy secured, upon the request of the tvnrtgagee, its
<br />suecessers or assigns, he shall execute and deliver a supplemental mortgage nr mortgagee covering any
<br />additions, improvements, or betterments made to tine property he.reinabuv e. described :uu.i ail properta
<br />acquired by it otter the date hereof Tali in form satiefactarv to mortgagee!. F'u rthr^rrnore. should mortg~agnr
<br />fail to cure any default in the payment of a prior or inferior encumbrance nn the prope;ric described ha~
<br />this instrument, mortgagor hereby- agrees to permit mortgagee to rare such default, but mort¢aeee is oak
<br />obligated to r1o so: and such advances shall become part aF the indehu•dnc=, ,rru rrri ha' this iustrummtt.
<br />subject to the same terms and condition...
<br /><•. The rights created by this cam~eyance shall remain in full force and elIect rbrrine aan puskpuneutrut
<br />or extension of the time of the paa-mrnl of the indchtedness evrdrnrr_d by =aid prnnais..nrc nuke or ana part
<br />thereof secured hereby.
<br />J. He will continuously maintain haaard insurance, of such type or types and in such amounts ae the
<br />mortgagee may from time to time require ou the improvements now or hrn•aftrr on ..aid pmprna. .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 s-ltall be held by mo: ~gagee and have attached .hereto
<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 promptly by
<br />mortgagor, and each insurance company concerned is hereby authorized and directed to make payment for such
<br />loss directly to mortgagee instead of to mortgagor and trortgagee jointly, and ties insurance proceeds, ar any
<br />part thereof, may be applied by mortgagee at its option either to the reductiaa of the indebtedness hereby
<br />secured or is the restoration or repair of the property damaged. or destroyed. In ea•ent of foreclosure of thin
<br />mortgage, or other transfer of title io said property in extinguishment of the indebtedness secured hereby, all
<br />righq title, and interest of the mortgagor in and to any insurance policies then in force shall pane to the
<br />purchaser cx mortgagee or, at the option of the mortgaRrr. man be surn•uden•d fur a reload.
<br />g. He will keep all buildings and other improaemente w+ .,aid properh in gaud repair and condition:
<br />will permit, commit, or suffer no waste, impairment, deteriuratima of said property nr :uav part thereof:
<br />in doe event o[ failure of the mortgagor to keep the building:, mt ,aid premises and those erected un said
<br />premises, or improvements thereon, in good repair, [bc morlgugee may mukc• such repairs us in its discretion
<br />it may deem necessary for the proper preservation thereof; and the full anmunt of each and ecrra >uc6
<br />payment shalt he immediately doe and payable: and shall he secured ba tier lien of this utortga.r.
<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 o(this mortgage without the written consent of the mortgagee; and
<br />further, that hr will keep and maintain the same (ree from the claim ui all peramts supplying labor ur
<br />titaterials fot construction of any and ;tit buildings or impruvannvats now bring erected or ko he erected ou
<br />said premises.
<br />i. Hr will not rent ur assign env part of thr rent of said martgagrd property or drmoliah, ur reuu+v e.
<br />ar substanlially alter any building, without the cart ttret cu::se-+rt of the auart};agee.
<br />j. Al! awards of damages itt cantaeetion wiili any roudenumtion iur public use of or injury w ana ul the
<br />property subject to [his mortgage are hereby assigned and ,hall be puiil to mortgagee, who mat' apply the
<br />same to parnten[ of the instnllnaeuts last due carder said mete, amt mortgagee i. herehy authorized, in the
<br />" - - - online of tits mortgagor, to exectete and deliver valid acquittances thereof and u, appeal from soy such :nca rvl.
<br />k. 'f he mortgagee shall have the right to inspect the mortgaged premisr.•:at :urn reasnnahle time.
<br />2: Default in any of the aovenants or conditions of this instrument or of the note or loan agreement secured
<br />herehy ahait terminate the mortgagor's right to possession, use, and enjoyment of the property, at the option of the
<br />rit¢rtgagee ar his assigns tit being agreed that the mortgagor shall have such right until default). Upon any such
<br />defauh, the mor'.gagee shall become the owner of all of the rents and profits accruing after deiauit as sernrity
<br />for the indrhtednees secured hereby, with tbwri¢ht to entw• upon sold property for the purpose of collecting ouch
<br />rents ati;l=praftta ~'Itis ipstrpt~ent shall opzi•ate:~aa an assignment of any rentals on said property to that extent.
<br />s9A FOfiM 9?a (2~Y3)
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