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<br />d For better seta«ty of the indebtedness hereby secured, upon the regtust of the mortgagee, its successors
<br />or assigns, mortgagor shall execute and deliver a suppkmmtal mortgage or mortgages covering any additions,
<br />improvements, ~r betterments made to the property hereinabove described and alt property acquired by i[ aka
<br />the date hereof fall in form satisfactory to mortgagee). Futhermore, should mortgagor fail ro cure any defauh
<br />in the payment of a prior or inferior encumbrance on the property described by this instn,ment, mortgagor here.
<br />by agrees to permit mortgagee to cure such default, bm mortgagee is not obligated to do so; and such advances
<br />shall became pan of the indebtedtxss secured by this instrument, subject to the same terms and conditions.
<br />e. The «ghis created by [his conveyance shall remain in full force and effort during any postponement or
<br />extension of the time of the payment of the indebtedness evidenced by said promissory note or notes, or any
<br />part thereof secured hereby.
<br />f. To continuously mainwin hazard insurance, of such type or typo and is 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. All insurance shaA be carried in companies acceptable to mortgagee and [ite
<br />policies and renewals thereof shalt be held by mortgagee and have attached thereto loss payable clauses is 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 loss if not made promptly by mortgagor, and each insurance
<br />company concerned is hereby authorized and directed 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 appled
<br />by mortgagee at its option either to the reduction of the indebtedness hereby secured or to the restoration or
<br />repair of the property daraged or destroyed. In event of foreclosure of this mortgage, or other transfer of title
<br />to said property in extinguishment of the indebtedness secured hereby, all «ght, tick, and interest of the
<br />mortgagor in and to any insurance policies then in force shall pass to the purchaser or mongagce or, at the
<br />apriaa 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 condilion: to
<br />permit, commit, or suffer no waste, impairment, detcriora[ian of said property ar any part thereof; in tlx event
<br />of failure of the mortgagor to keep the buildings an said promises and those erected an said premiss, ar
<br />improvements thereon, in good repair, the mortgagce may make such repairs as in its discretion it may deem
<br />necessary for the proper preservation thereof; and the fu}I amount of each and every such payment shalt be
<br />immediately due and payable; and shall be setvred by the Lein of this mortgage.
<br />h. To not voluntarily create or permit [o 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 father, that mort-
<br />gagor will keep and maintain the same free from the claim of all persons supplying labor or mate«als for con-
<br />struction of any and all buildings or improvements now being erected or to be erected on said premiss.
<br />i. To not rent or assign any pazt of the rent of said mortgaged property or demolish, or remove, or
<br />substantially alter any building without the written co[asent of the mortgagee.
<br />j. Ai€ awards of da[nages in connection with any condemnation far public use of ar injury to any of rite
<br />property subject to this mortgage are fiereby assigned and shall be paid ao 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 />znorigagor, to exe~uie artd deliver valid acquittances thereoi 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 />1. To comply with the provisions of any {ease if this Mortgage is on a leasehold. [f this Mortgage is on a
<br />unit in a condominium or a planned unit developmer.4 Borrower ;hall perform a0 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 t ~ covenants or conditions of this instrument or of the note or loan ageemen[ secured hereby
<br />shall terminate the mortgagor's right to possession, use, and enjoymst[t of the property, at the option of the
<br />mortgagee or assigns (it being agreed that the mortgagor shall have such «ght until default). Upon any such
<br />defaula, the mortgagee shalt become the owner of all of the rents and profits accuring after default as security for
<br />the indehtedtxoss secured hereby, with the right to ender 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 to that extent.
<br />3. If the mortgagor defaults, and fails to make any payments when due or to conform to and comply with any of
<br />she conditions or agrcetnents contained in this mortgage or the notes which it secures, iher. the ett[ire principal
<br />shot and accrued interest shalt at once become duo and payable, and draw .1~(7 per cent (19_0%s) interest
<br />thereafter until paid at the election of the mortgagee; and this mortgage may thereupon be forecbsed immediately
<br />far the whole of tho indebtedness hereby secured, including the cost of extending the abstract of title from the
<br />date of this tortgage to the time of commencing such suit.
<br />4. In the event of a foreclosure or default as provided heron, the marigagce shall ai once be entitled to the pos
<br />...~.,~...~,,..,. .. ro u u the teat, tunas, royaliiea, and profits iircreof,
<br />from Ehe~accruing of such rights and during the pendency~of fbrcelosure proceedings and such possessions, etc.,
<br />shall at once be delivered to the mortgagee upon requst, upon failure such delivery of such possession may be
<br />" enforced by mortgagee, by any appropriate legal proceedings, including a receiver for the property.
<br />5. The proceeds of any sate o[ said properly in accordance with the preceding paragraphs shall be applied fire to
<br />pay t}s_ costs artd expenses of said sale, the expetues incurred by tiro tnorigagee for the purpose of protecting or
<br />maintaining said property, secondly, to pay the iadebtedrress secured hereby: and thirdly, to pay any wrplus ar
<br />excess to the person or pxsans ls~aily entitirti thereto.
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