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<br />&~--005681
<br />Said promissory note waa given to eeertre a loan in which the Small $usineas Administration, an ageaey of the
<br />Ihtftad States of America, has participated. lit compliance with section 101.1/d) of the Ru1ea and Regulations et
<br />the Smell $vsiness Administration [13 C.F.R. lOLl(d) ], this i~trnment is to be construed and enforced in accord-
<br />agce with applicable Federal law.
<br />1. The mortgagor t~venants and agrees as follows:
<br />e. He will promptly pay the indebtedness evidenced by said promissory note at the times and in the
<br />manner therein provided.
<br />b. He will pay all razes, aeeesunents, water rates, and other governmental or municipal charges, fines, or
<br />impoeitiotte, for which provision has not been made hereinbefore, and will promptly deliver the offrcial rueipta
<br />therefor to the said mortgagee.
<br />c. He will pay eurh expenses and fees ae may be incurred in the protection and maintenance of said
<br />property, including the fees of any attorney employed by the mortgagee for the collection of any or all of
<br />the indebtedness hereby secured, or foceclosuire by mortgagee's sale, or court proceedings, ar in any other
<br />litigation or proceeding aAecting said property. Attorneys' fees reasonably incurred in anv other way shall he
<br />paid by the mortgagor.
<br />d. For better security of the indebtedness hereby secured, upon the request of the mortgagee, its
<br />successors or nesigns, he shall execute and deliver a supplemental mortgage or mortgages covering any
<br />additions, improvements, or betterments made to the property here~inabove described sod all property
<br />acquired by it after the date hereof fall in form satisfactory to mortgageri. Furthennure, should mor[gngor
<br />fail to cure any default in the payment of a prior or inferior encumbrance on the property described by
<br />this instrument, mortgagor hereby agrees to permit mortgagee to cure such default.. Bert. mortgagee is not
<br />obligated to do ao; and each advances shall became part of the i.nriebtrrlneas arrurerl hg this instrument.
<br />anbject io the same terms and conditions.
<br />e. The rights crested by this conveyance shall remain in full force and rNect during auc pastpanrn+ent
<br />or extension of the time of the payment of the indebtedness evidenced by said promissory note or anc part
<br />thereof secured hereby.
<br />f. He will continuously maintain hasard insurauce, of such type or types and in such amounts as the
<br />mortgagee may from time to lime require on the improvements new or hereafter on said property, and
<br />will. pay promptly wheu due any preudums therefor. All insurance shall bs carried in companies acceptable
<br />to mortgagee and the polfeiea and renewals thereof shall be held by mor,gagee and have atte.ched thereto
<br />lass payable clauses in favor of and in form acceptable to the mortgagee. In event of loss. mortgagor ~~;iII give
<br />immediate- uatice itr writing to mortgagee, sad mortgagee may make proof aF lase if oat made prampily by
<br />mortgagor, and each insurance compaap concerned is hereby auihorued and dircrted to snake payment fur arch
<br />lass dirsctlw to marigagee instead of to mortgagor and mortgagee. jointly, soil the iasuzancae lazoeeeds, or say
<br />part thereof, may be applied by mortgag-ce at its opilan either to tare reduction of s!=e. intiebts:dneas i:errby
<br />secured or ¢o [he restoratioa or repsir of the property damaged ar dest_*ayed. In event of fore~loanre of this
<br />mortgage, or other transfer of title to said property in extingerishment of the indebtedness secured hereby, all
<br />right, title, and interest of the mortgagor in and to anr• insurance policies then in force ahe-1 pass to the
<br />purchaser or mortgagee or, at the option of the mortgagee, mac br surrendered fur n refund.
<br />F. He will keep all buildings and other improvements on said property in good repair and condition:
<br />will permit, commi¢, or suffer no waste, impairment, deterioration of acid properh~ or any port [hereaf:
<br />in the event of failure of the mortgagor to keep the buildings on said premises and those erected un said
<br />premises, or improvements therevn, in good repaiq the mortgagee may make such repairs as in its diaeretion
<br />it may deem necessary for the proper preservation thereof: rend the full amount o[ each and even such
<br />payment shall be immediately due and payable; and shad he xecured by the lien of this mortgage.
<br />h. He will not voluntarily create or permit ¢o be created against the prapeety subject to this mortgage nny
<br />lien or liens inferior or superior to the lien of this mortgage without the written consent of the mortgagee; and
<br />further, that he will keep and maintain the aanre Irra Crum the claim of all persons supplying labor ur
<br />materials for eunsiruction u( any and all buildings or intpravementa now being errvtrd ur to be erected on
<br />said premises,
<br />i. Hr will not cent ur assign any part of the rent of said mortgaged pruprrte ur drnudish. or rwnu, e,
<br />nr subetwetielly alter anv banding without the written consetu of the marlgegac.
<br />j. Air awards of damages in caunretime with any cundenutuliou for public use. of or injure to nut of the
<br />property subject to this mortgage ore hereby assigned and shall be puiil to mortgagee, who may apply the.
<br />same to payment of the installments last due under said note, .wd ntorigagee is hereby authorised, in the
<br />uamr of the nturtgsgur, to ezecute and deliver valid aequittmtces thereof and to appeal 1'nun any sorb :nynrd.
<br />A. ~l'he mortgagee shall hove !hr right to inapecE the mortgaged prrueisrs :.t any reusonublr time.
<br />2. E)sfaul3 in env of ibr rx;reaants or conditions of thin imtrvment or of the note or Ooan agreement secured
<br />hereby shall terminate tFte martgagor'a right to pasacssian, use, and enjoyment of the. property, at the option of the
<br />tgwtYgagte ar his assigns i it bring agreed that the martgagur steal} have such right until defnult 1. l7pon any such
<br />defsuh, the marigagee shall beounee the owner of ail of the rents and profits accruing after default us security
<br />far the indebtedness «ee+trrd hereby, with [Fes'. riahi to enter upon said property tar the purpose of rollectheg such
<br />rea4 and profits. "Cbie instrtuueni shall opetaic as an estignment at any teniale an said property to t}rat extent.
<br />vo. Fn .rs, az~a ~...,.rs
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