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d. For hater security of the indebtedness hereby secured, upon the request of the mortgagee, its successors
<br />or assigns, mortgagor shall execute and deliver a wppkmental mortgage or mortgages covering any additioas,
<br />improvements, or baterrnrnts made to the property herdnabove described and all property acquired by it after
<br />xl the date hereof (all in form satisfactory to mottgagce). Futherrnore, shouts mortgagor fail to cure aaq default
<br />~ in the paymrn[ of a prior or inferior encumbrance on the property described by this insttument, 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 secured by this instrument, subject to the same terms and conditions.
<br />:~
<br />~ e. The rights created by this conveyznce shall remain in fuB force and effect during say postponement or
<br />extension of the time of the payment of the indebtedness erideaced by said protniuory note or notes, or aay
<br />~ part thereof secured hereby.
<br />f. To continuously maintain hazard insurance, of such type or types and in such aatounu as the mortgagee
<br />may from time to time require on the improvements now or hereafter on said property, grid will pay promptly
<br />when due any premiums therefor. All insurance shall be carried in companies acceptable to mortgagee sad 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. In even of loss, morgagor will give imrneYt;~re natitt is vrri[ing
<br />to mortgagee, and mortgagee may make proof of lass if not made promptly by mortgagor, sad each insurance
<br />` company concerned is hereby authorized and directed to make payment for such loss directly to mortgagee
<br />instead of to mortgagor and mortgagee jointly, and the insurance protxeds, or any part thereof, may be applied
<br />by mortgagee at its option either to the reduction of the indebtedness hereby secured a to the restoration or
<br />repair of the property damaged or destroyed. In event of foreclosure of this mottgage, or other transfer of title
<br />to said property in extinguishment of the indebtedness secured hereby, all right, title, and imerest of Ute
<br />mortgagor in and to any insurance policies then in force shall pass to the purchaser or mortgagee or, az the
<br />onr=on of the mort¢agee, 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 part 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 thereon, in good repair, the mortgagee may make such repairs as in its discretion it taay deem
<br />necessary for the proper preservation thereof; and the full amount of each and every such payment shag be
<br />immediately due and payable; and shall be secured by the lein of this mortgage.
<br />h. To no[ 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 fu[her, that mort-
<br />gagor will keep and maintain the same free from the claim of all persons supplying Tabor or materials for con-
<br />struction ~f any and all buildings or improvements now being erected or to be erected on said premises.
<br />i. To not rent or assign any part of the rent of said mortgaged property or demolish, or remove, or
<br />substantially alter any building without the written consent of the mortgagee.
<br />j. All 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 appty the same to
<br />payment of the installmenu 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 at any reasonable time.
<br />I. To comply with the provisions 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 development, Borrower shall perform all of Borrower's obligations
<br />under the declaration or covenants creating or governing the condominium or planned unit developrttent,the
<br />by-laws and regulations of the condominium or planned unit development, and constituent documenu.
<br />2. Defpttlt in any of tht covenants or conditions of this instrument or of the note or loan ageement sei:ured hereby
<br />shall terminate the mortgagor's right to possession, use, and enjoyment of the property, a[ the option of the
<br />mortgagee or assigns {it being agreed [hat [he 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 secured hereby, with the right ro enter upon said property for the purpose of collecting such
<br />rents and profits. Phis 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 />the cotditions or agreements contained in this mortgage or the notes which it secures, then the entire principal
<br />sum and accrued interest shall at once become due and payable, and draw * per cent (~.~i)%) 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 from [he
<br />date of [his mortgage to [he time of commencing such suit. *Nineteen Pezcent
<br />A. In the event of a foreclosure or default as provided herein, the mortgagee shall at once be entitled to the pos-
<br />session, use, and rnjoyment of the real estate aforesaid and to the rent, issues, royalties, and profits [hereof,
<br />from the accruing of such rights and during the pendency of foreclosure proceedings and such possessions, etc..
<br />sh~l at once he rlel;g_rer[ rn the mnn~?g..a . ,, ,„,nes upon fai!nre s,:eh neliv ^f Such ^^ ~.,.,.,..,., ., y
<br />enforced by mortgagce, by any appropriate legal proceedings, including a receiver for the propenye a
<br />5. The proceeds of any sale of said property in accordance with the preceding paragraphs .hall he applied iirat to
<br />pay the costs and expenses of said sale, the expellees inwrred by the mortgagee for cite purpose of protecting or
<br />Maintaining said property, secondly, to pay the indebtedness secured hereby; and thirdly, to pay any surplus or
<br />excess to the person or persons legally entitled thereto.
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