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<br />Said promissory Hate was givente secure a loan in which the SmaA Business Administration, an agency of the
<br />United States of America, has participated. In compliance with section 101.1(d 1 of the Rules and Regulations of
<br />the Sraall Buainesa Administration [I3 C.F.R. 101.1fd)~]; this instrument is to fie construed and enforced in accord-
<br />ance with applicable Federal law.
<br />1. The mortgagor etwenanta and agrees as follows:
<br />a. He will promptly pay the indebtedntas evidenced by said promissory note at [he times and is the
<br />meaner therein provided.
<br />b. He will pay all Taxes, asseaements. water rates, and other governmental or mu:.:zipai charges, fines, or
<br />impositions, for which provieioa hen not been made hereinbefore, and will promptly deliver the official rocEipL-
<br />therefor to the said mortgagee.
<br />c. He will pay such expenses and fees an may be, incurred in the protection and maintenance of said
<br />property, including the fees of any attorney employed by the mortgagee for 'he collection of any or all ai
<br />the indebtedness hereby secured, or foreclosure by mortgagee's sale, or court proceedings, or in any other
<br />litigation oe proceeding aAecting said property. Attorneys' fees reaennably inrurnai in env other way shall he
<br />paid by the mortgagor.
<br />d. For better security of the Indebtedness hereby =scored, upon the request of the nmrtgagee, its
<br />successors or assigns, he shall execute and deliver a supplemental rnortgagr nr mortgages covering am~
<br />additions, improvements, or betterments made to the property hrseinabovr described end all property
<br />acquired by it after the date, hereof gall in Form aatisfcctory to mir rtgagee •. Fn rthrnnnrc, should mortgagor
<br />fail to cure anc default in the payment oC a prior or inferior encrrrnbranrr on the. pruprrtc described by
<br />Phis instrument, mortgagor hereby agrees m permit mortgagee to cure >nch deF;nilt, but nwrtgagce~ is not
<br />obligated to do so:, and such advances shall become part of the indebv,inr.c ,rcurand he this instrument.
<br />subject to the acme terms and conditions.
<br />r. The rights created by this eonvevance shall remain iu hill Force and riirct during cut putiponrurrnt
<br />or ex.ension of the time oC the pav-mrnt of the indrhtednec rvi+irnrrd by -Hid prroni-sure note ur ant part
<br />thereof secured hereby.
<br />~. He will continuously maintain hazard insurance, of. such type or types sad in such amounts as the
<br />mortgagee may from time to time require on the imprownnenln now r,r hrrrafter nn -ctrl praprrtt, :uul
<br />will pay promptl}' when due any premituna therefor. All insurance shall be carried in companies acceptable
<br />to mortgagee and the policies and renewals thereof shall be held by mortgagee and have attaclaed thereto
<br />lose payable clauses in favor of and in Corm acceptable to 4te mortgagee. In Brent of loss, mortgagor w-ill give
<br />immediate notice in writing to tortgagee, and mortgagee nwy make proof of lass if not made promptly be
<br />mortgagor, and each insurance campan}' eanrerned is Hereby authorized and directed in make payment for such
<br />loss directly to mortgagee instead of to mortgagor and ntartgngee joinAly, and the insurance proceeds, or anc
<br />part thereof, may be applied br mortgagee at its option either to she reduction aC the. indebtedness hereby
<br />secured ar to the reatoratian or repair of flee property damaged ..-ter destroyed. In eve-nt of Fare..lasure of tfr.€
<br />mottgage, or other transfer aC title to said property in extinguishment of the indebtedness srac•ured hereby, all
<br />right, title, and interest of the mortgagor in and to any insurance policies then in force shall peas to the
<br />purchaser or mortgagee or, at the nptiou oC the mortgngre, may he surnvulrnvl for a refund.
<br />g. He will keep all buildings and other improventrnts ou said proprrq iu good repute .uul ronditimc
<br />will permit, commit, or su Bar na waste, impairment, deterioration of said pruprrtr or cut part thereof:
<br />in the event of failure, of the mortgagor to keep the buildings ou ,aid premises and tho~r crreted on said
<br />premises, or improvements thereon, iu ;sod repair. the mortgagee way make such rr•pairo as in its discretion
<br />it may duem necessary For the proper preservation thrrrui: ,uvi the full amount of sash and r•trry <nch
<br />payment shat] be immediately due .md payable: :urd shall br -scored bt the lien oi' this mart gage.
<br />6. He will not voluntarily create or permit to hr created against the property subject to [his mortgage asp
<br />lien or liana inferior or superior to the lien of this mortgage without the written consent of the mortgagee; and
<br />fnrtheq that hr will keep and uuaiutain the ~anrr Irer fruw she ci:rim .d all per..+mr....upphiug labor m
<br />materials Cur construction nC any and all buildings or intproycna^nt- now ]wing en•ctwl or to hr crreted nu
<br />said premises.
<br />i. He will uu[ teat or assign :uq part of the rent of sold nmrtgegrd praprrtt ar drnu>Ii.h. nr rrrnw r,
<br />nr aubstan4ially alter Huy building without the wri urn cunsrm of the nmrtga grr.
<br />j. All awards o[ dsaungee in conuectiou with atty condeuwatiuu fur public use of ur iujten kr au. of flee
<br />property subject to thin mortgage are hereby assigned and =hall he paid to nrurt ttager., wlto tnay aplrly the
<br />same to pacmrnt of the installments tort due mnl rr said note, and uturtgagee ix herein audwrized, In the
<br />uamr of tbs• mortgagoq to execute and deliver valid ua•quittances tlwreoi and to apprul fnnu cut >ucb award.
<br />b. 'I•hr mortgagee shall have the right to inspect the nurrtgaged premisr.:u and rrasunablr time.
<br />2. Dofault in any of the covenants or conditions of this instrument or of the note or loan agreement secured
<br />'hereby soap terminate the mortgagor's right to poeaeseion, nee, and enjoyment of the property, at the option of the
<br />mortgagee or bin assigns !it being agreed that the mortgagor shall have such right until dcfnultl. Upon any such
<br />default, the, mortgagee shall become the owner of alt of the rents and profits accruing after deiault ae securih~
<br />for the indebtedness secured hereby, with the ritchEto enter upon said property for the purpose of collecting each
<br />rsnta and profits. This instrument shall operate as an sssigeuneni of any rerta[s on said propern• to that ezcettt.
<br />'i 14N Fp RM 9Ja 11•)31
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