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<br />Said promissory note was given to secure a loan in which the Small Bmiaeea Administration, an agency of the
<br />United States of America, has participated. ba compliance with section 101.1 (d) of the Rules and Regulations of
<br />the Small Rveiness Administration [13 C.ER. 10I1(dl ), this i>utrvmea4 is to be construed and enforced in accord-
<br />ance with applicable Fedezalfaw.
<br />1. The mortgagor covenants avd agrees as follows:
<br />a. He will promptly pay the indebtedness evidenced by said promissory note at the times and is the
<br />manner therein provided.
<br />b. He will pay, all taw, alleeesmenta, water raise, and other governmental or murrieipal charges, fines, or
<br />impaeitfo»a, for which provision has vot been made hereinbefore, and will promptly deliver the official receipts
<br />therefor to the said mortgagee.
<br />r. He will pay such ezpensea and fees as may be incurred in the protectior, and maintenance of said
<br />property, iaelndiag the fees of any attolaey_ employed by the mortgagee for the collection of any or 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 propertv. Attorneys' fees reasonably incurred in anv other way shall he
<br />paid by the mortgagor.
<br />d. Fot heifer security of the indebtedness hereby eecnred, upon the request of the mortgagee, ire
<br />succeasora or assigns, he shall execute and deliver a supplemental mortgage or rrrortgagee wvering anv
<br />additions, improvements. ar betterments made to the property hereinaboye described aml ;dl propertv
<br />acquired by it after the date hereof (all in form satisfactory- to mortgageei. Furthermore. should mortgagor
<br />fail to cure anv default in the payment of a prior or inferior encumbrance an the property described by
<br />this instrument. martgagor hereby agrees to permit martgagee to cure such default, htlt mortgagee is not
<br />obligated to do so; and such advances shall became part nl' the indebtedness sernred ky this instrument.
<br />subject to the same terms and conditiora.
<br />e. The rights created by this conveyance shall remain iu toll force and effect during an. pustpunrnreat
<br />or extension of the time of the payment of the indebtedness rvirlenred by said promissory note or am 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 ~_quire un the improvements now or hereafter on said proprrh~, :uul
<br />will pay promptly when due any premiums therefor. All insurance shah ke carried is companies acceptabfe
<br />to mortgagee sad the policies and renewals thereof shall be held 6y mortgagee and have attached thereto
<br />loss payable classes is favor of and in form acceptable to the mortgagee. In event of lass, mortgagor will give
<br />immediate notice in writing to mortgagee, and mortgagee nray make proof oC ions if not marls promptly by
<br />mortgagor, and each insurance company cencerned is hereby authorized and directed to make payment for such
<br />loss dfroctiy to mortgagee instead of to mortgagor and martgagee jointly, and the insurance proceeds, or any
<br />part thereat, may be applied by martgagee st its opiiar, rit.kar to tke reduction. of the indebtedner~ hereby
<br />aacnred OL t0 t}te reetaratlOn or repair of the property damaged or destroyed In event of foredasMCa of this
<br />mortgage, ar odter tretufer of title to said property in extinguishment of the indebtedness secured hereby, all
<br />right, title, and interest of the mortgagor is and to any insurance policies then iv (arcs shall pave to the
<br />purchaser or mortgagee oq at the option of the mortgagee, may he aurreudered for u refund.
<br />g. He will keep all buildings and other improvements ou .aid property iu good repair and condition;
<br />will pernrit, commit. or suffer no waste, impairment, deterioration of said property or any port thereof;
<br />in the event n( failure of the mortgagor to keep the buildings on said premises and those erected un said
<br />premises, or improvements thereon, in good repair, [he mortgagee may make such repairs us in its discretion
<br />it may deem necessary for the proper preservation thereof: And the full amount of each and even- sur6
<br />payment shall be immediately due and payable: and shall hr secured by the lien of this mortgage.
<br />h. He will not voluntarily create or permit to be created against the property subject to this mortgage any
<br />lien or Baru inieriar or superior to the ifen of this mortgage without the written consent of the nwxtgagee: and
<br />further, that he will keep and maintain the eunle free frone the claiw ul all persons .uppking Iabur or
<br />materials for construction of any and all buildings ar inlpravemrnts now bring erected or to hr erected nu
<br />said premises,
<br />i. He will not rent or assign any part of the real of said nu>rtgaged pruprra nr drnudish, or reuun e.
<br />ur enbsintuially niter :mv building without the wrfttan eonsem of the martgagee.
<br />- j. All awards of damages in connection with any condenutation for public use of ur injury to un~ oi' for
<br />property' subjce.t to this mortgage are hereby assigned and shall br. paid to mortgagee, who mar apply the
<br />name to payment of the ivstalhnenta last due. under said note, and nlurtgugce i. herrb+ ;urthorized, in the
<br />name of tha mortgagor, to execute and deliver valid acquittaneea thereof ,uul to spier:d from au) such award.
<br />k. 'the murtgagee.shall fines the right to inspect the mortgaged prealiscr at Any reasvuuble time.
<br />2, 1.)efaul4 in any of the covenants or conditions oC this instrument or of the note or loan agreement secured
<br />hereby shall terminate flee mortgagar'r. right to poaaeesion, use, sod enjoyment of the propertv, at the, option of the
<br />mortgagee or his aesigtrs !it being agreed that the mortgagor shall havo such right until default}. [ipon Any each
<br />default, the mortgsge_, shall became the owner of all of the rents and profits accruing after default as seourin~
<br />for the i»debtedtteea secured hereby, with tha tight to surer aeon said property Ion the purpose of collecting such
<br />renu and profits. This instrument shall operate as xa assignment of any rentals en raid praprrt} to that extent.
<br />slap F(a µM .,1{, I:-ill
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