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<br />d. Far better security of the indebtedness hereby secured, upon the request of the mortgagee, its successors
<br />or assigns, mortgagor shall execute and deliver a supplemental mortgage or mortgages covering any additions, -
<br />improvements, or betterments made to the property hereinabave descri'oed and all property acquired by it after
<br />[he date hereof (al! in farm satisfactory to mortgagee). Futhermore, should mortgagor fail to cure any default
<br />in the payment of a prior or inferior encumbrance an the property described by this instrument, mortgagor here- -
<br />by agrees [o permit mortgagee to cure such default, but mortgagee is not obligated [o do so; and such advances
<br />shalt become part of the indebtedness secured by this instrument, subject [o the same terms and conditions.
<br />e. The rights created by this conveyance shall remain in full force and effect during any postponement or
<br />extension of the time of the payment of ehe indebtedness evidenced by said promissory note or notes, or any
<br />part thereof secured hereby.
<br />f. To continuously maintain hazard insurance, of such type or types and in such amounts as Ehe mortgagee
<br />may from time to time require on the improvements now or hereafter on said property, and wilt pay promptly
<br />when due any premiums therefor. All insurance shall be carried in companies acceptable to mortgagee and the
<br />policies and renewals thereof shall be held by mortgagee and have attached thereto loss payable clauses in favor
<br />of and in form acceptable to the mortgagee. [n event of loss, mortgagor will give immediate notice in writing
<br />io mortgagee, and mortgagee may make proof. of loss if not made promptly by mortgagor, and each insurance
<br />company concerned is hereby authorized and Bisected to make payment for such toss directly to mortgagee
<br />instead of to mortgagor and mortgagee jointly, and the insurance proceeds, or any part thereof, may be applied
<br />by mortgagee a[ its option either to [he reduction of the indebtedness hereby secured or to [he resfora[ion or
<br />repair of the property damaged or destroyed. In event of foreclosure of this mortgage, or other transfer of dde
<br />to said property in extinguishment of the indebtedness secured hereby, all right, title, and interest of the
<br />mortgagor in and to any insurance policies then in force shall pass to the purchaser or mortgagee or, at the
<br />op[[on of fhe mortgagee, may be surrendered for a refund.
<br />'g. To keep all buildings and other improvements on said property in good repair and condition; to
<br />permit, commit, or suffer no waste, impairment, deterioration of said property or any pan thereof• in the event
<br />of failure of the mortgagor to keep the buildings on said premises and those erected on said premises, or
<br />improvements [hereon, in good repair, the mortgagee may make such repairs as in its discretion it may deem
<br />necessary for [he proper preservation thereof; and the full amount of each and every such payment shall be
<br />immediately due attd payable; and shall be secured by the loin of this mortgage.
<br />h. To not voluntarily create or permit ro be created against the property subject to [his mortgage any lien
<br />or liens inferior to the lien of this mortgage without written consent of the mortgagee; and father, that mort-
<br />gagor will keep and maintain the same Cree from [he claim of all persons supplying labor or materials for con-
<br />struction of any and all buildings or improvements now being erected or to be erected on said premises.
<br />i. To not rem or assign any par[ of [he rem of said mortgaged praperty or demolish, or remove, or
<br />substantially after any building without the written consent of the mortgagee.
<br />j. Atl awards of damages in connection with any condemnation for public use of or injury to any of the
<br />property subject to this mortgage are hereby assigned and shall be paid to mortgagee, who may apply the same to
<br />payment of the installments last due under said note, and mortgagee is hereby authorized, in the name of the
<br />mortgagor, to execute and deliver valid acquittances thereof and to appeal from any such award.
<br />k. The mortgagee shall have the right to inspect the mortgaged premises a[ any reasonable time.
<br />1. To comply with the provisions of any lease if this Mortgage is on a leasehold. If this Mortgage is on a
<br />unit in a condominium or a planned unit development, Borrower shall perform all of Borrower's obligations
<br />under the declaration or covenants creating or governing the condominium or planned unit development,the
<br />by-laws and regulations of the condominium or planned unit development, and constituent documents.
<br />2. Default in any of the covenants or conditions of this instrument or of the note or loan ageement secured hereby
<br />shall terminate the mortgagor's right t0 possession, use, and enjoyment of the property, at the option of the
<br />mortgagee or assigns (it being agreed that the mortgagor shall have such right until default). Upon any such
<br />default, the mortgagee shall become the owner of all of the rents and profits acwring after default as security for
<br />the indebtedness secured hereby, with the right to enter upon said property for, the purpose of collecting such
<br />rents and profits. This instrument shall operate as an assignment of any rentals on said property ro tht;[ extent.
<br />3. If the mortgagor defaults, and faits to make any payments when due or to conform to and comply with any of
<br />the conditions or agreements contained in this mortgage or the notes which i[ secures, then the entire principal
<br />sum and accrued interest shall at once become due and payable, and draw - * .per cent (15_0 °'o) interest
<br />thereafter until paid at the election of the mortgagee; and this mortgage may thereupon be foreclosed immediately
<br />for the whole of the indebtedness hereby secured, including the cost of extending the abstract of title tram the
<br />date of [his mortgage to the time of commencing such suit. • Fifteen Percent
<br />4. In the event of a foreclosure or default as provided herein, the mortgagee shall at once be entitled to [he pos-
<br />session, use, and enjoyment of the real estate aforesaid and to the rent, issues, royalties, and profits thereof,
<br />. tram the accruing of such rights and during the pendency of foreclosure proceedings and such possessions, rte,
<br />stroll at once be delivered to the mortgagee upon request, upon failure such delivery of such possession may tre
<br />-enforced by mortgagee, by any appropriate legal proceedings, including a receiver tar the property.
<br />5. The proceeda of any sale of said properly ht aceurdancr with the preceding paragraphs ,hall be applied tint to
<br />pay the .:e;sts and expenses of said sale, the e+ep€nses incurred by the mortgagee tar the purpo.r c,f prutrctink ur
<br />tttaintaining wid I±rc,rprrty, 4econdly, to pay the indetr[ednrss secured hereby; and thirdly, :v pay any' wrplua ur
<br />rxc€afi eo the prrsnn or persons Iegafly entitled !beret[,.
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