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<br />d. Per' Miter security of the indebtedness hereby secured, upon the request of the mortgage, its successors
<br />or assigns, mortgagor shalt executr and deliver a supplcmental mortgage or mortgages covering any additions,
<br />improvetents, or betterments tnade to the property hereinabove described and ail property acquired by it after
<br />the date hereof fail in form satisfactory to martga~r. puthermore, should mortgagor fail to tort any default
<br />in the pamtent of a prior or inferior encumbrance on the property described by this instrument, mortgagor here-
<br />agi iII pcr ~~r`s saa~ tz~ ~s "shin isc-fettle, `Wi't _~tgi°ip`,agi:t i3 iiw ool§gated io des so; and such-adYar~
<br />shall become part trf she indebtedness secured by dtis instrument, subject to the Same arms and conditions.
<br />e. The rights created by this conveyance shall remain in full farce and effect during any postponement or
<br />extetrsiort of the time of the payrnent of tltc indtbtedttess evidenced by said promissory nett or notes, or any
<br />part thereof scorned hereby.
<br />f. To continuously maintain haaard insurance, of such type or types and in such amounts as the mortgagee
<br />may frarn tithe to titrx require on the improvements now or hereafter on said property, and. will pay promptly
<br />when dtrc any premiurns tltaefor. All insurance she!! be carried in companies acceptable to mortgagee and the
<br />paliries and renewals thereof shall be held by mortgagee and have attached thcrtto loss payable clauses in favor
<br />of and iq form acceptable to the mortgagec. In event of lass, 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 />tympany concerned is hereby authorized and directed to make paymcnt for such loss 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 assts option either to the reduction of the indebtedness hereby secured or to the restoration or
<br />repair of the property damaged 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 right, title, and interest of the
<br />mortgagor in and to any insurance policies then in force shall pass co the purchaser or mortgagee or, at [he
<br />option of the 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 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 />impravetetertts thereon, in good repair, the mortgagee may make such repairs as in its discretion it may deem
<br />neeessary fpr 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 volutttariiy create or permft to ere 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 .:.aintair. the same flee from the claim of al! ; V:..ens supplying labor or materials for con-
<br />struction of any and nit 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 rrarrtgage see hereby assign..-d and shall be paid to mortgagee, who may apply the same to
<br />payment of the installments last due user said note, and mortgagee is hereby authorized, in the name of the
<br />rrtortgagar, to execute artd deliver valid acquictancYS thereof and to appeal from nay such award.
<br />k. The mortgagee shalt 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. If this Mortgage is on a
<br />unit in a condominium or a planted unit development, Borrower shaft perform all of Borrower's obligations
<br />utzder the declaration or covenants creating or governing the condominium or planned unit devekpment,the
<br />by-laws and regulations of the condominium or planned unit developrent, and constituertt documents.
<br />2. !)efault in any of the covenants or conditions of this instrument or of the note or loan ageement secured hereby
<br />shat! terminate the mortgagor's right to possession, use, amt enjoymcnt of the property, at the option of the
<br />rntutgages ar 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 prtrFits accuring after default as security for
<br />the indebtedttrss secured hereby, with the right to encer upon said property for the purpose of collecting such
<br />reins and. profits. This instrument shall operate as an assigrrrrteni of any rentals on said property to that extent. ~
<br />}, If the mortgagor defaults, atul fails to make any payments when due or to conform to and comply with any of
<br />the capons or agreements contained in this mortgage or the notes which it secures, then the entire principal
<br />s~ ®;.:. ate. i~ i-,uc,€st s.;all at oat bc~a.otrtt dttz and payaisle, and draw * per cent (t ~ _ ~ts*ie} intFreai
<br />thereafter unfit paid at the election of the mortgagee; and this mortgage may thereupon be foreclosed immediately
<br />for the whale of else indebtedness hereby secures, including the cost of extending the abstract of title from the
<br />date of this mortgage to the time of contrnencing such suit. * Seventeen and one-hal£ percent
<br />4. In the ev~tt a,` a fsnodosttre or default as provided heroin, the mortgagee shsU at once be entitled to the pos-
<br />session, tree, and enjoyaxnt of rho real estate aforesaid and to tht rent, issues, royalties, and profits thereof,
<br />frost the acxsuit~ of such rights atrtl during the pendency of foreclosure proceedings and such possessions, etc.,
<br />sl;ail at once be delivered to the mtntgaget apart. request, upon. faiture such delivery of such pobatssian may be
<br />m€~cot# by ~, by nay appropriate lutrace&dttt~, including a receiver for the property.
<br />}. 'fhe prncxeds of any seek of acid property in ai-cordattct with the preceding paragraphs shall be applied first to
<br />pair- the e-oat.- and expaues of said Salo, fete expertsrert intwrred by the mort{taget for the Ifurpose of protesting or
<br />ttteit124tt1ir~ said prasporty, seconslfy, try pay the ittdebtettruets secured hertbY: and thirdly, to pay any surplus or
<br />e[tcess ter t~ persostor porwrn 1~orUy exititlai thereto.
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