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80-~ ur.!~302
<br />d. For better security of the indebredness hereby secured, upon the request of the mortgagee, its suaessors
<br />or assigns, mortgagor shall execute and deir.•er a suppkmetnai mortgage or mortgages covering any additions,
<br />inrprovemenu, or berterments madt to the property hereimbove described and all property acquired by it after
<br />the date hereof {ail in form satisfactory [o mortgagee}. Futhermore, should mortgagor fail to cure any default
<br />in the payment of a prior or inferior encumbrartce on the property described by this instrument, mortgagor here-
<br />by agrees to permit mortgagee to cure such default, bnt tnortgagce is not obligated to do so; and such advances
<br />shall become part of the ittdebtedrtcss serlred by this instrumrnt, subject to the same terms and conditions.
<br />e. The rights created by :his conveyance shall remain in full farce and effect during any postponement or
<br />extension of the tune of the paymettt of the indebtedness evidenced by said promissory note or notes, or anY
<br />part thereof setured hereby.
<br />f. To continuously maintain hazard insurance, of such type or types and in such amounts as the mortgagee
<br />-may from time to time require on the improvements now or hereafter on said property, and will pay promptly
<br />when due any premiums therefor. Ai[ 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 toss payable clauses in favor
<br />of and in form acceptable to 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 hereby authorized and directed to make paymem for such loss directly to mortgagee
<br />instead of eo mortgagor and mortgages jointly, and the insurance proceeds, or any part thereof, may be applied
<br />by mtmgagce at its option either [o the rednetion_of the indebtedness hereby secured or to the restoration or
<br />repair of the property damaged or destroyed. In evene of foreclosure of this mortgage, or other transfer of title
<br />io said property in extinguishment of rite indebtedness secured hereby, aQ 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, a[ the
<br />option of the mortgagee, may be surrendered for a refund.
<br />g. To keep alt buildings and other improvements on said property in good repair and condition; Yo
<br />permit, commit, or suffer no waste, impairnteot, deterioration of said property or aoy part thereof; in the event
<br />of failure of the mortgagor to keep the buildings on said premises and those ereeeeti on said premises., or
<br />impprovements thereon, in goad repair, the mortgagee may make such repairs as in its discrttion 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. ?o not voluntarily create or permit to be created against the property subject to [his mortgage any lien
<br />or tiers inferior to the lien of this mortgage without written consent of the mortgagee; and father, that mort-
<br />gagor will keep and maineain the same free from the 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 />1. To not rent or assign any part of the rem of said mortgaged property ar demolish, or remove, or
<br />substantially alter any building without the written consent of [he mortgagee.
<br />j, Alt awards of damages in conttection with any condemnation for public use of or injury to any of the
<br />property subject. to this mn€agage a€^ hereby assigned and shall be paid to morigaget, 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 exet:ute and deliver valid acquittances (hereof and to appeal from any such award,.
<br />k. The mortgagee shall have the right to inspect the mortgaged premises at any reasonable time
<br />I. To comply with the provisions of any kale if this Mortgage is on a leasehold. if this Mortgage is on a
<br />unit in a condominitmn or a planned unit development, Borrower shall perform all of Borrower's obligations
<br />under the deciazation or covenants creating or governing the condominium or panned 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 />s11a11 terminate the mortgagor's right to possession, use, and enjoyment of the property, at the option of the
<br />mortgagee or assigns {it being agreed that the mortgagor shah have such right until det'auiy. Upon aoy 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. Skis instrument shall operate as an assignment of any rentals on said property to [hat extent.
<br />~. !f the mortgagor defaults, and faits to make any payments when due or to conform to and comply with any of
<br />xhe txanditions or agreem.°nts contained in this mortgage or the notes which it secures, then the entire principal
<br />su,~tt n~ accru€dsntertkt shall at once become due and payabR, atxl draw * per cent {~~.~a} intermit
<br />iherim,fter until paid at the election of the mortgagee; and this mortgage may thereupon be foreclosed immediately
<br />for the whale of the indebtedness hereby secured, including the cost of extending the abstract of title from the
<br />dolt; of this mortgage to the time of commencing such suit. * ~yonteen and one~half
<br />4, In the eveaa of a foreclosure or default as provided hereto, the mortgages shall at once be entitled to the pos-
<br />aesaion, use, and enjo}7nem of the real estate aforesaid and to the rent, issues, roYaitits, and profits thereof,
<br />(coca tots accruing of such rights and 6urirtg the pendency of foreclosure proceedings and such possessions, etc.,
<br />shalt at once he delivered to the mortgages upon request, upon failure such delivery of such possusion may be
<br />sn&u'ced by moregagx, by any appropriate legal pruceedingt;, including a receiver Cor the prapeny.
<br />3. The procceds of any sett' of saki Property in aceordancr with the prGeding paragraphx shall be applied first to
<br />pay the costs and expenses of said sale, the exper~ imurreti by the mortgagee far the purpose of protecting or
<br />rnainraini[tg said property, secondly, to pay the indebtedness secured hexebs; and thirdly, to
<br />pay 8111 SnrpIUS Or
<br />ex,:ess to the person or persons legally entitled thereto.
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