81-- 0(10475
<br />d. For better security of the indebtedness hereby secured, upon the request of ttie mortgagee, its successors
<br />or assigns, mortgagor shall execute and deliver a supplemental mortgage or mortgages covering any additions,
<br />improvemrnts, or betterments made to the property htteinabove described and all property acquired by it after
<br />the date hereof (all in form satisfactory to morgagce). Futhermore, should mortgagor-fail to cure any default
<br />in the paymsttt of a prior or inferior encumbrance on the property described by this instrument, mortgagor here-
<br />by agrees to permit mortgagee to cure such defantt, but mortgagee is not obligated to do so; and such advatttes
<br />shall become part of the indebtedness secured by this i_ttst~tttsrtt, s<~bject to the same terms artd eenditioes.
<br />t. The rights creattd by this conveyance shall remain in full force and effect during any postponemrnt or
<br />extension of the time of the payment of the indebtedness eridrnoed by said promissory note. or notes, or arty
<br />part thereof seared hereby.
<br />f. To cotttittuousty maintain hazard insurance, of such type or types and in such amounts as-the trtortgagee
<br />may from time to time require on the improvements now or hereafter on said property, and wi0 pay promptly
<br />when titre any premiums therefor. All insurance shalt be carried 6n companies acceptable to mortgagee and the
<br />policies and renewatc 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 event of toss, mortgagor will give immediate notice in writing
<br />to mortgagee, and morgagce may make proof of loss if not made promptly by mortgagor, and each insurance
<br />rnmpanq concerned is hereby authorized and directed to make paymrnt for such loss directly to mortgagee
<br />instead aC to mortgagor and mortgagee jointly, and the insurance proceeds, or any part [hereof, may be applied
<br />by mortgagee at its option either to the reduction-oC 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 to the purchaser or mortgagee or, at the
<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 sufftt no waste, impairment, deterioration of said property or any part thereof; in the event
<br />of failurt of the mortgagor to keep the buildings on 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. Ta 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 father, that mort-
<br />gagor will keep and maintain the same free from the claim of al! 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 not rrnt or assign any part of She rent of said mortgaged property or demolish, or remove, or
<br />substantially alter any building without the written consent of the mortgagee.
<br />j. Ail awards of damages in connection with any condemnation far public use of or injury to any of the
<br />property subject to this mortgage are htteby assigned and shall be paid to mortgagee, who may apply the same to
<br />payment of the itutallmrnts last due under said note, and mortgagee is hereby authorized, in the name of the
<br />mortgagor, to execute and deliver valid aruittances 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 />1. To comply with the provisions of any least if this Mortgage is on a leasehold. If this Mortgage is on a
<br />atoll in a condominium or a planned unit developmem, Borrower shall perform all of Borrower's obligations
<br />under the decoration or rnverrartts creating err governing the condominium or planned ulllf development,the
<br />by-laws and regulations of the candamituttm or planned unit development, and constituent documents.
<br />2. Default in say of the covenants or conditions of this instrument or of the note or loan ageement secured hereby
<br />shag terminate the mortgagor's right to possession, use, and enjoyment of the property, at the option of the
<br />mtxtgagee err assigns {it bring agreed that the mortgagor shall have such right until default). Upon any such
<br />default, the mortgagee shall become the owtttt of all of the rents and profits accuring afttt default as security for
<br />the indebtedness secured hereby, with the right to enter upon said property for the purpose of collecting such
<br />revs and profits. This instroment shall operate as an assignment of say rentals on said property to that extsrtt.
<br />3. if the mtutgagor defaults, attd fails to make any paymenes whrn due err to conform to and comply with anY of
<br />• the eotutitittss ar agroements contained in this mortgage or the notes which it secures, then the entire principal
<br />and accrued iaterost shall at oaae become due and payable, and draw " per cent (1$~2e/s) interest
<br />thereafter anti! paid at the election of the tnortgagce; and this mortgage may thereupon be foreclosed immediately
<br />fare the vvhok of the ittttess hereby secured, including the cost of extending the abstract of title from the
<br />die of this saortgage [tt the Time of commencing such suit. 'Eighteen Percent
<br />4. Let the tvtpt of a itmelasttre or ~fautt as provided httein, the mortgagee shall at once be entitled to the pos-
<br />st~siart, use, asad enjoyrtteat of the real taste aforesaid and to the rmt, issues, royalties, and profits thtrsof,
<br />#;e rite 8csrntt~ of such rights and during the petuleniry of foroclosure peoceedings and such possessions, etc.,
<br />r h) awe bo titEiv~~I to tht tae upon tegttt3t, upon failure such delivery of suclw possession may lie
<br />hS" ~, by any appropaistte ~ proms, including a retxiver far the property.
<br />~= The Rstds of-say ssdt of said property in ~ wish il[e preceding paragraphs shall be applied first to
<br />;sty thtt s' sad exptrt~s of t sak, the expens~t intxttred by the mortgagee for [he purptsbe of protecting or
<br />property, stt~ndly, to pay the iptL~tetLttess swxtred hereby; and thirdly. to pay any surplus or
<br />ell tq il•74 pt€s$t,-a to pCk'80tti ~ 6ntif!>:d thlret0.
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