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<br />80-fSt~5676
<br />Said promissory cote was given to secure a loan in which the Small Basinees Administration, an agmey of the
<br />United States of America, hue participated. in wmpfiaace wiila section kll.l (d} of the Rules and Regulations of
<br />the Stull Biuitieas Admiitietration (13 C.F.R. 141.1(d) ], this itmpaiment is to be construed and enforced is atxord-
<br />ance with applicable Federal law.
<br />I. The mortgagor mvmaate and agrees as folkwe:
<br />a. He will promptly pay the indebtedness evidenced by said promissory note at the titata and in the
<br />ataaner therein provided.
<br />6. He wilt pay all tares, atteesemmts, water rates, and other governmental or m:t:.cipai chatrgee, fine, or
<br />impositions, for whieli provision has not bem made hereinbefore, and will promptly deliver the official rea~ipL-
<br />therefor to the said mortgagee.
<br />c. He will pay each expenses and fees as may be incurred in the proteMion and maintenance of said
<br />property, including the fetes of any attorney employed by the mortgagee for the collection of any or all of
<br />the indebtedness hereby secured, or forealosure by mortgagee's sale, or court proceedings, or in any other
<br />litigation or ptroceeding affecting said property. Attorneys' fees reasonahk incurred in any other way shall he
<br />paid by the mortgagor.
<br />d. For Witter securry of the indebtedness hereby secured, apart the rnlt:rst of the mortgagee its
<br />aueeesaors or assigns, he shall execute and deliver a supplemental mortgage nr nmrtgages covering any
<br />additions, improvements, or betterments made to the proprrty Lereinaboye described and all property
<br />aequireil by it after the date hereof I all in form satisfactory to mortgagee ~. Furthermore. should mortgagor
<br />fail to cure any default in the payment of a prior or interior encumbrance un the property described ln•
<br />this instrument, mortgagor hereby agrees to permit mortgagee to e.ure such default, but mortgagee is not
<br />obligated to do so; and such advance shall become part of the indebtedness srrured bs this instrument,
<br />subject to the same terms and conditions.
<br />e. The rights created by this conveyance shall remain in tali (acre and riiect during stn pustpuneutrut
<br />or extension of the time of the payment of the indebtedness ryidrncrd bt -aid promissory note, or am part
<br />thereof secured hereby.
<br />J. He will continuously maintain hazard insurance, of such type or types and in ouch amounts ag the
<br />mortgagee may tram time to time require on the improvrmeN~ now nr hrrruftrr an :aid proprrty, rout
<br />will pay promptly when due any premiums therefor. All insurance shall be carried in companies acceptable
<br />to mortgagee and Ehe policies and renewals thereoF shall he held by mortgagee and have attached thereto
<br />lose payable clauses is favor o[ and in form acceptable to the mortgagee. In ey-ent of loss, mortgagor w ill give
<br />immediate native in writing to mortgagee, and mortgagee near make proof of lose if not made promptly b
<br />martgagoq and each iaetttanee company concerned is hereby authorized and directed to make payment (or sueh
<br />Ions directh• to mortgagee instead of to mortgagor and mortgagee juiatly, and the insurance proceeds, ar any
<br />pare thereof, mss be applied by mortgagee at its option either to the reduction of the indebcedness hereby
<br />secured or to the restoration or repair o[ the property danmge:l or destroyed. In evens of foreclosure of this
<br />mortgage, or other transfer of sills to said property in extinguishment of the indebtedness secured hereby, all
<br />right, title, and interest of the mortgagor in and to env insurance policies then in (acct shall pass to the
<br />purchaser or mortgagee oq at the optiau of the mortgagee, mat br eurmudrrrd fur a reload.
<br />g. He will keep all buildings and other improvements ou said property iu gaud ngiair ;uul cmtditimt:
<br />will permit, commie, or soRer no waste, impairment, deterioration of said property or any part thereof:
<br />in the event of failure of the mortgagor to keep the buildings tut said premises and thu>r created un said
<br />premises, or intprovenients thereon, in good repair. the mortgagee ntny make sueh repairs as in its discretion
<br />it may deem necessary for the proper preservation thereof; and the full amount of each ;uul Byrn a+ah
<br />paymem shall be immediatck due :md payable; and shall be secured by rite lieu of this nurrtgagr.
<br />h. He will not voluntarily create or permit to be created against the property subject to this mortgage any
<br />lien or liens interior or superior to the lien of this mortgage without the written couaent of the mortgagee; and
<br />furtheq that he will keep and maintuiu the ~auu• Iree from the claim of all persons supplying labor ur
<br />materials fur cents(ruction of any and ail buildings ur imprnyrmrnts now bring rrrrtrd or to he erevird ou
<br />said premises.
<br />i. Hr will not rrnl or assign :ml part of the rent u( said nturtgage+l proprrty ur demolish, ur rrmuy r,
<br />ur substantially alter any huildiug yyithoui the wri ttrn consent of the mortgagor.
<br />j. All awards aI damages iu caeutectiou with any aundrrnnatiun for public use of ur injury to any .+I the
<br />property subject to this murigagr are herehp aseiguwi and shall be paid to mortgagee, who mac apply the
<br />.wnie tri pat uuvtt of the instrdlmeuts last due ender said note, rout murtgagoe i. hrrrby aulharized, in the
<br />name of for ntortgugoq to exec+ur. sell dally t•r valid acquiUmtce- thrrruf rout to nppr.d from any >urh ut,anl.
<br />k. The uterrtgagre .ball haves the right to inspt•rt the mortgaged prenusr•~ ;rt any reasonable time.
<br />2c Default in any of the covenants or conditions uC this instrument or nP the note or loan agreement secured
<br />hereby shall terminate the mortgagor's right to possession, use, an$ enjoyment of the property. at the option of the
<br />ntortgegee ur his assigns fit ht+ing agreed that the mortgagor shall have sash right until default). Lpon any such
<br />de[ault, the mortgagee shall became the owner o[ ell of the rents and profits accruing after default ae security
<br />Par the indehtedieess secured hereby, with the. right to enter upon said property for the purpose of cnlleeting sueh
<br />rents and profits. 't'his itistn+nicitt shalt operate as an aaaignment of any rentals ou said proprrty to that rstent.
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