|
d. Far .better seCacity of the it~btedtiess hereby secured, upon the request of the mortgagee; its ai~casors
<br />or assigns, nwrtgagtit' simll execute and detiv« s iktneatal mortgage or mortgages covering asy additittris;
<br />imprttveanatts, oc betterarcata made to the prop«ty h«einabove described araf all property acgtaiesd by a afier
<br />the dsae l (all as form e~fadsxy to tmitutgagee}. Irtrihermase, shoals! mortgagor fain to carer mq! defauk
<br />in the payment of a prior or inferior etrceiatbrattce on the prap«ty desetibaf by this ittstrut~em, ~'-1t~.:
<br />tG7 by agrees su per~at atrtgffe trs-cure ; deft€tatt, but taorctgagce is trot abligatsrl Eo da ~, and-sirch adva~~rs.
<br />~ shall becixae part of" dte ' seeored by this instcornets, subjsc[ to the saetnr [artns and sasititi~ns:
<br />:~ e. T~ eights created iyy this coaveyattcc shall remain in full force sail effret doting arty. ca•
<br />exttttsias of `ehe its of the payttmit of .the- ~s evit~tsed by said promissory note: ~ sKSteS.:cu say
<br />r-a part[ thereof secured hereby.
<br />°-
<br />Oz- f. To ~Yiaitartsly main•.sia hams~d insuraiur, of sitdt tYPe m` [ypes and is stint amounts as [!~ moctga~ee
<br />easy frees tu®e to cane regttirc oa the improventeats crow ~ hereafter on said Property. arm-will pay P>IY
<br />wixn due any premiums eherdor_ At! iasitransx shall be retried in cocnpenies ~ to tt~tgagrar a~ rig
<br />policies acrd renewah thtstmf shall 6e hdd by mortgagee and have attached thereto Foss paysbk clauses in fever
<br />` of artd xi form acc~ttable [o cix ntorigagee. in evrm of loss, mortgagor will give immediate t~iee in writir~
<br />Eo mort~~, and mortgagee taay make proo€ tsf lass if net made promptly bq mortgagor, and-each itisitrattce
<br />c~ft~Y coafcertred is h«eby autharittd and directed to make Payment for such loss dir+eccty to mortgage
<br />iit:tead of to mortgagor and mortgage joimiy, and the inswance Proceeds, or say part thereof, may be applied.
<br />by mcr at its option eal~r to the reduction of the indebtedness hereby secured or to the-restoration or
<br />repels of the prom«ty dartui~tl ~ de~royed. to event of foreclosure of this mortgage, or outer ttartsf« of titre
<br />m said property in eRtirtguishateat of the indebtedness secured hereby. ail right, title, and interest of the
<br />mortgagor in and ta arty insurance poiiei+es rhea in force shall pass to the purehaser ~ mortgagee or, at Hx
<br />aprien of tht rtmrtgagee, may be sorrendend for a refund.
<br />g, To keep all boii~~s and ath« imPravements an said ~op«ty in good trepair atoi condition- to
<br />p«atit, axaatit, or mff~ tto waste, impairment, der«ioration of said property or say 1~ thereof, in the event
<br />of faUnrt of the mcutgagar to keep the fiuildittgs oa said premises and- those erected on said premises, or
<br />improvetrt~ts th«eon, io good repair, the mvrigagce may make such repairs as in its disrxeciva it may deem
<br />necessary for the prap« prmewation tl~reof, and the full amount of each atui every such Payment shall be
<br />iram€diately due grid payal curl shall be secured by the kin of this mortgage.
<br />h. To not voluntarily create ar permit to be created against the property suSjesY to this mortgage any lien
<br />or Letts inferior to the i'ten of this mortgage without written consent of the mortgagee; ar-l futh«, chat r4art-
<br />gador will knrp and- maintain the same free from the claim of alt persons supplying labor or materials far con-
<br />stsuctiott of any and all buildings or imprevesramts Haw being «ected ~ to be eret:ted on said premises.
<br />i. To rsot reset or assign any part of [he rmt of said mortgaged arop«ty or demolish, or remove, or
<br />substantisl(y alt« any tiisiidi.sg without the written cattsent of the mostgagce.
<br />j~ All awards of damages in coriaeccion with any coadrinttruioa for public use of or injury to say of the
<br />property subject 1a this ritortgage are hrrebyassigmad a~ simli be paid to mortgagee, w~i may apply the same to
<br />f+aymesst of the installments fast due utter said mate, and mortgagee is hereby authorized, is the name of the
<br />mortgrtgOr, to eaocute and deliver sequittaruxs th«eof acid to appeal from any such award.
<br />k. The mortgagee shall have the right to iaspea thr mortgatted prdnsaes at any reasonable time.
<br />i. Ta comply with the provisions of say ieaxr if this Mortgag; ;a oa a leaseFiold. f# this ltdortgsge is on a
<br />unit in a condasitEnium or a planned unit dev Borrow« shall Perform all of Btxrow«'s obiig;itions
<br />ter t9x dir:a os ~ `fig ~ gat-rrrnirtg tke ~ pisauied gait dt~loPruent,[tse
<br />by-lmas sail rem of the or pi:saad unit devde>~ent, sad ccntatitusat dsscstmems.
<br />2. [)etatth is say of the covenants or c•wtditions of this inatrtsauat or of thr tree or rose ageemenx secured hereby
<br />~ ~ ibe mortar's right to posse ion, use. sad enjoytrteat of the property, at the . option of the
<br />~ fa beittS agr~d that the mexigagor shall !save suds tight ttatil defsiilt}. Upon mty s~k
<br />dom. the shall bettuue fhe awn« of all of the rents acrd profits securing aft« defsoit as security for
<br />the iadtbtavtgm secured hereity, with the right to etx« upon saw property for the purpose of collecting suet:
<br />rests sad profits. This inatrtiment shall operate m an assigttmettt of any rascals on said Propesty to Ehat eictem.
<br />~. If-the isortr ~. and fails to rrtake any paytr+etttc what Niue or to eonfotm tti and. - with art 6f
<br />tt3e c~ yr terra cantaintal in this nmrt ~aatR-y " Y
<br />gage or the Hares which it secures, chars the etitira priercipai
<br />=pam-state asxrf>ad i ~ once become dear and psi, aml draw *- per Beat f 29;fl ~t interest
<br />of st Ebc eleatiaa e-f the mortga rma! this; maq thereupon be fareciosed imtnediaeely
<br />fttr tMe w of t#e- txtebY secured. ittcietdiBg the omt of extending the abstract of title fmm the
<br />date_of mortgate an case tie ad' Ong sticlt suit, •tiinetsr~a aercottt:
<br />#; is tfx es of a ~ defrat~ tta protdd~ed hence, the mortgagee shall at ortcc ~ ;eetitled to the pos-
<br />. traa. and ~ tie real eatette aforesaid a~ad to the rem. issues, royalties. sail prsft-tts thereof,
<br />from tlutacts iaf smeb r-turd d the pt;ndettcy of frtrtcltffiure prtaesedinc~ atxi sueFt ppasessions, etc.,
<br />9>i~8 at la<~ to lets ~ upat regtxat, tspeat fs~tre such delivery of'sus~ ppsaeadan rosy be
<br />~ ~e lE~ inclktdi~ s receiver for the pmp«ty.
<br />'~. flta Arr+~atttds of asy rye of seise ~ is ' [lam preeadgt~ pa€e~raPlss sliaU he apptied first to
<br />PaY lice cum ~ of rauvi sale, tilts' ~ m by the for the purpose of prexevting cu
<br />?' _ may, .[u peer tlrc i see~turrd hesxby; «td shirdiy, en psq say surplus or
<br />~,~ tlteHfrk -d.there~tu<
<br />
|