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<br />d. Far better security of the indebtedness hereby secured, upon the request of the mortgagee, its sucscssnrs
<br />err assigns, mortgagor shalt cxecutt and deliver a supplemental mortgage or mortgages covering any additions,
<br />improverttents, nr betterments made to the property hereirtabove described and au property acquired by it after
<br />' r; the date hereof faA in form satisfactory to mortgagR). Futhermore, should maregagor fail to cure any detaul€
<br />Q7 in the paytncnt of a prior or inferior encumbrance on the property described by this instrument, tttortgagar here-
<br />~ by agrees to permit tnortgagtse to cure such default, but mortgagee is not obligated to do so; and such advattaxs
<br />~ shall beco€ne part of the indebtedness rxured by this ittstrutnntt, subjax to the same terms and cotxlitiotts.
<br />v
<br />e. Ttz ri~tts cr~•~ by §is c~ra`;~artce shill rErttain in €uH €arce artd eff~t dttrin art ~-ts>~tt err
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<br />extension of the time of the payment of the indebtedness evidenced by said promissory note err Hates, err any
<br />t--~t part thereof smtrcd hereby.
<br />~ f. To continuously taintain tra~ard insurar€oe, of such type or types and in such amounts as the mortgagee
<br />may from time to tithe t~ui:e on the improvements now or hereafter on said property, and will pay promptty
<br />when due any premiums therefor. Ail insurance shall be carried in companies acceptable to tttartgagee and the
<br />policies and renewals thereof shall be held by mortgagx and have attached thereto lass payable clauses in favor
<br />of and in farm aceeptabte to the mortgagee. In Gwent of Ic€ss, mortgagor wiB give immediate notice in writing
<br />tr mortgagee, and mortgagee may make proof of Toss if not made promptly by mortgagor, and each insurance
<br />com~ny sanserne~ is hereby authorized and, directed to make pavmeni for sash loss directly to nr ortgatgee
<br />instead of to mortgagor and mortgagee jointly, and the insurance proceeds, or any pan thereof, may be applied
<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 damaged or destroyed. In even[ of [oreclosure of this mortgage, or ether transfer of tide
<br />to said property in extinguishment of the indebtedness secured hereby, all right, title, and interest of the
<br />mortgagor is 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 ail buildings and other improvements an said propmy in good repair and condition; to
<br />permit, commit, nr 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 />improvetnenu thtrcon, in good repair, the mortgagee may make such rcpair~ as in its discretion it may deem
<br />necessary for the proper preservation thereof; and the full amount of tech and every such payment shall bt
<br />immediately due and payable; a,td shalt be secured by the Lein of this mortgage.
<br />h. "Ca not voluntarily c.*eate or permit to be created against the property subject to this mortgage any lien
<br />or Betts inferior to the lien of this mortgage without written consent of the mortgagee; and father, that mort-
<br />gagor wilt keep and maintain the same free from the claim of all persons supplying tabor or materials for corn
<br />s€ruction of any and all buildings or improvements now being erected or to be erected an said premises.
<br />i. Ton rent cr a,sign any part of the rant of said mortgaged pro,nrty er demolish, or remove, or
<br />substantially after any building without the writtrn consent of the mortgagee.
<br />j. f1I1 awards of d.•tmagrs in connection with any condemnation for pubGe use of or injury to any of-the
<br />property sutrject to this mortgage are hereby assigrsEd and shag be paid to 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 [he
<br />mortgagor, to etecute and deriver valid acquittances thereof ami 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 (cast if this Mortgage is on a leasehold. If this Mortgage is on a
<br />unit in a condominium or a planned unit development, Borrower shat! perform a!I of Borrower's obligations
<br />utttler the d~taration or covenants creating or governing the condominium or piatuud unit development,thc
<br />by-laws and regulations of the condornitrium or planned unit development, and constituent docutttents.
<br />2. Default is any of the covenants or conditions of this itvstrument or of the note or loan ageement secured hereby
<br />Shall terminate ttte mortgagor's right to poss..-scion, use, attd enjoyment of the property, at the option of ¢he
<br />mvftgagx ~ assigns (it being agreed that the rtwngagor shall )rave such right until default). Upon arty such
<br />defauh, the mortgagee shall 6tcarne the awntt of all of the rents and profits securing after default as security for
<br />the indeMtdtttss secured hereby, with ehe right to toter upon said properly for the purpose of collecting such
<br />rents crud profits. T@tis instrument shalt operate as an assignment of any rentals on soul property to that extent.
<br />3. If the: rtpertgagar defaulu, and fails to make any payments when dtu or to conform to and comply with any of
<br />ttrc ctrnditiaxet or agreements containted in thh mortgage or the Hates which it secures, thrn the entire principal
<br />sum attd aecnred imaKett sha[1 to otter bECOme due and payable, and draw per cent ( 9i) interest
<br />thttrettficr utw'1 paw at tfte election of the mortgagee; and this mortgage may thereupon be foreclosed immediately
<br />far the whale of the indebtedness hereby seettred, including the cost of cxtemling the abstrn-t of tide from the
<br />emote of this mortgage to the tithe of cotstmencing such suit-
<br />4. #n the event of a farertaeure err default as provided herein, the mortgagee shall a[ otxe be entitled to the ptts-
<br />t~cian. tux, anal tttjtaytrtent of the real estate aforesaid and to the rrnt, iswes, royalties, and profits thereof,
<br />tease} the at~iting of sash rights and daring the pendency of foreclosure prax-eedings and such possessions, etc.,
<br />shall at otter be dcliuend to the tmxtga~e upon rcgatest, upon failure such delivery of such possession may be
<br />e#(artxd by rtto€t, by arty appropriate let$al pr~sedinga, including a receiver for the property.
<br />5. ThC ~ of any sale of said property in accerrdance with the preceding paragraphs shalt be applied first to
<br />pity cite states ahtl ~ of raid sale, the expcru;es incurred by the rnortga$te fen the purpose of prexcrKing or
<br />mritM4tinisyt said property, serutadly, so prey the iredrterti scswtsi hereby; and thirdly. to pay any surplus err
<br />ertses$ tts she petattst nr t+ersone legaUY entitled thereto.
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