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<br />d. For better security of tM indebtednxss hereby secured, upon the request of the mortgagee, its successors
<br />or assigns, mortgagor she}[ execute and detivtt a supplemental mortgage or mortgages covering any additions,
<br />improvements, or betterments made to the property hereirtabrne described and all property acquired by it after
<br />the date hereof (aB in form satisfactory to mortgagee). Futhermore, should mortgagor fait to cure any default
<br />rn the paymenk of a prior or inferior encumbrance on the property described by this instrument, mortgagor hero-
<br />by agrees to permit mortgagee to cure such default, but mortgagee is not obligated to do so; and such advances
<br />shall become part of the indebtedness severed by this irtsttettnem, subject to the carne terms and conditions.
<br />e. The rights seated by this conveyance shall remain in foil force and effeM during any posiponertun[ or
<br />extension of the time of the payment of the ir[debtederresss evidenced by said promissory note or notes, or any
<br />part thereof sxured hereby.
<br />f. 7o continuously maintain hazard insurance, of such type or types ar[d in such amotmts as the mortgagee
<br />may from time to time require on the improvements now or htteafttt on said property, and will pay promptly
<br />when due any premiums thttefor. All insurance shall be carried in companies acceptable to mortgagee and the
<br />policies and rettewats thereof shall be heW by mortgagee seed have attached thereto loss payable c(atrses in favor
<br />of and in form acceptable [o the mortgagee. In event of loss, mortgagor will give immediate notice in writing
<br />to mortgagee, and mortgagee may make proof of lass if not made promptly by mortgagor, and each insurance
<br />company concerned is htteby authorized and' directed to make paymrnt 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 az its option either to the reduction of [he indebtedness hereby secured or to the restoration or
<br />repair of the property damaged or destroyed. In ever.[ of foreclosure of this mortgage, or other transfer of title
<br />io said property in extinguishmem 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 />option of the mortgagee, may be s[trrendtted for a refund.
<br />g. To keep all buildings and other improucmenrs on said property in good repair and condition to
<br />permit, commit, or suffer no waste, impairment, deterioration of said property or any part thereof; in the event
<br />of failure of the mortgagor to keep the buildings cm said premises and those erected on said premises, or
<br />improvements thereon, in good repair, she mortgagee may make such repairs as in its discretion it may deem
<br />necessary for the proper preservation thereof; and the full amount of each and every such payment shall be
<br />immediately due and payable; and shall be secured by the Lein of this mortgage.
<br />h. To not voluntarily create or permit to be created against the property subject to this mortgage any lien
<br />or liens inferior to the lien of this mortgage without written consent of the mortgagee; and futher, that mort-
<br />gagor will keep and maintain the same free from the claim cf 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 Hoc rent or assign any part of [he erne of said mortgaged property or demolish, or remove, or
<br />substantially alter any building without [fie written consent of the mortgagee.
<br />i. Ail awards of damages in connection with any condemnazion for public use of or injury to any of the
<br />property subject. to [hi,s mattgagc az hereby assigned. and shat; be paid to mortgagee, who may apply the same to
<br />payment of the insttdlmenes ~~s due under said sole, and mortgagee is her€bY authorized, in the name of the
<br />mortgagor, to execute and deliver valid acyui[[ances thereof and [o appeal from any such award.
<br />k. The mortgagee shall have the right to inspect the mortgaged premises at any reasonable time
<br />1. To comply with the prmisions of any lease if this Mortgage is on a leasehold. !f this Mortgage is on a
<br />unit in a condominium or a planned unit devebpmrnt, Borrower shat) perform all of Borrower's obligations
<br />undo the declaration or wvenants creating or governing the condominium or planned unit development,[he
<br />by-laws and regulations of the condominium or planned unit development, and cons[iturnt documents.
<br />2„ Default in any of the covenants or conditions of this instrument or of the note or loan ageement secured hereby
<br />sHail derminate the mortgagor's right to possession, use, and enjoyment of the properly, 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 securing after default as security for
<br />the indebtedness se=ured hereby, witJt the right to enter upon said property for the purpose of collecting such
<br />rtanGs and profits. This instrument shall opera.. as an assignment of any rentals on said property to that ext~tt.
<br />3,; If Cite mortgagor defaults, and fails to [Hake any payments when due or m conform to and comply with any of
<br />the canditiotu or agreements contained in this mortgage or the notes which it secures, then the entire principal
<br />s[im and a~~reted inierest shall at once become due and payable, and draw * per cent i 17 • ~ poi interest
<br />thereafter uatii paid at the election of the mortgagee; and this mortgage may [hereupon be foreclosed immediately
<br />for ehe whole of tlu ittdebttdttess hereby severed, including the cost of extending the abstract of title from the
<br />dale of tills mtutgage to the time of commencing such suit. *Seventeen and One-Half
<br />#,. [n the event of a foreclosure ar default as provided herein, the mortgagee shall at once be rntitl~ to the pos-
<br />IIess~ti, use, and enjoyment of the real estate aforesaid and to [he rent, issues- rovalties_ and rxofit_c thereon
<br />from the accruing of such rights and during the pendtncy of foreclosure proceedings and such possessions, etc.,
<br />slml! at trace be delivered to the mortgagee upon requcu, upon failure such delivery of such possession may be
<br />enforced by mortgagee, by any appropriate legal proceedi[r~, irtcltuling a receive[ for the property.
<br />.~ The proceeds :sf any ;ate of said property in accordatue with the preceding paragraphs shall tee applied first to
<br />pay the cii5[i and eupcases a, saint ;ate. the expe[i<;cs incurred by the mortgagee fox the purpose of protecting ar
<br />mvntainitte said property, secondly, to pap [tee ituiebirdne[,s secured Jtueby; and thirdly, to pay any surplus ,3r
<br />excess:o the person or persons legally entitled thereto.
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