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d. For bitter security of the indebtedness hereby secured, upon the request of the mortgagee, its successors
<br />or assigns, mortgagor shalt rxecute and deliver a supplemental mortgage or mortgages covering any additions,
<br />impruvemtnis, or betterments made to the property hercinabove described and all property acquired by it after
<br />the date hereof (ail in form satisfactory to mortgagee). Futhermare, should mortgagor fail to cure any default
<br />in the payment of a prior or interior encumbrance an the property described by this insint»tent, mortgagor here-
<br />1 by agrees to permit mortgagee to cure such default, but mortgagee is not obligated to do so; and such advances
<br />+~! shall betrome part of the indebtedness s,.eured by this instrument, subject to the same terms and conditions.
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<br />~°? e. The rights tr>:atttt by this conveyance shad remain in full force and effect during any postponetnrnt ar
<br />..> extension of the time of the payrnent of the indebtedness evidertc~ by said promissory• note or notes, or any
<br />part thereof secured hereby.
<br />P--r f. To continuously maintain hazard insurance, of such type or types and in such amounts as the mortgagee
<br />~ may from time to time require on the improvements now or hereafter on said property, and will pay promptly
<br />when due any premiums therefor. Alt insurance shaft be carried in companies acceptable to mortgagee and the
<br />policies scut renewals thereof shall be held by mortgagee and have attached thereto loss payable clauses in favor
<br />of and in farm acceptable to the mortgagee. In evene of [ass, mortgagor will give immediate notice in writing
<br />t~• mortgagee, and mortgagee may make proof of loss if not made promptly by mortgagor, and each insurance
<br />company conc.°rned is hereby° authorized and.directed to make payment Cor such foss directly to mortgagee
<br />instead of to mortgagor and mortgagee jointly, and the insurance proc~ls, or any part thereof, may be applied
<br />by mortgagee at its option either to *.he reduction of the indebtedness hereby secured or to the restoration or
<br />repair of the propMy damaged or destroyed. In event of foreclosure of this mortgage, or other transfer of title
<br />to said property in rztinguishment of the indebtedness secured hereby, all right, title, and interest of the
<br />mortgagor in slid 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 suffer rro waste, impairment, deterioration of said property or any part thereof; in the event
<br />of failure of the mortgagor to kelp the buildings on said premises and [hose erected on said premises, or
<br />improvements thereon, in good repair, the mottgagce may make such repairs as in its discretion it may deem
<br />necessary for the proper preservation thereof; and the tuft amount of each and every such payment shall be
<br />imtttediatety title and payabu: and shall be secured by the lein of this mortgage.
<br />h, Ta trot volumarity create ar permit to bt created against the property subject to this mortgage any lien
<br />or liens infzriar to the lien of this mortgage without write.[: consent of the mortgagee; and futher, that mort-
<br />gagor will keep and maintain the samt fret from the claim of ap persons supplying lobar or materials for con-
<br />y struc~sion of any and all buildings or improvements now being erected or to be erected on said premises.
<br />i_ T a not rent ar assign any part of the rent of said mortgaged oroperty ar demolish, ar remove, ar
<br />substantially alter any building without the written consent of the mortgagee.
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<br />€ j. reel awards of damages in conncctian with say condemnation for public use of or injury to any of the
<br />a - property subject to this mortgage art hereby assigned and shad be paid to mortgagee, who may apply the same to
<br />payment of the installtnents last dui under said note, acid mortgagee is hereby authorized, in the Hams of the
<br />`' rtsvrtgagar, to execute and deliver valid aequittancss thereof and to appeal front any such e.ward,
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<br />k. The mortgagee shalt have the right to inspect the error:gaged premius at any reasonable time.
<br />t. To comply with the provisions of any tease if this ?titoregage is on a leasehold. If this Mortgage is on a
<br />unit in a condominium ar a planned unit drveiopmsnt, Borrower shall perform alt of Borrower's obligations
<br />under the det:laration or covenants creating or governing the condominium or planned unit dsvelopment,[he
<br />by-laws and regulaaions of the condotttinium or planned unit devetoptnent, atxl constituent documents.
<br />2. Default in any of the covenants or cattditiotts of this instrument or of the note or loan ageement secured hereby
<br />shall tsrrtttiinatt the mortgagor's right to possession, use, and enjoyment of the property, a[ the option of the
<br />ntortgagss or assigns (it being agreed that tlae mortgagor shad have such right until dsfautg. upon any such
<br />default, the mtxtgagte shall become rite owner of alt of thr renu and profits aavring after default as security for
<br />the ittdebttdntss secured hereby, with the right to enter upon said property far the purixtse of collecting such
<br />rents and profits. This instrument shalt operate as an assigntntni of any rentals oa said property to that extent.
<br />3. tf the ttt=ottgagor defaults, and faits to make any payments when due or to conform to and cotn~ly with any of
<br />~ costditioa4 os agreerttents carttaitxd in this mortgage or tits Hates which it secures, then the entire principal
<br />sum amt atxtusd interest shaft at otue brcomt due and payable, sad draw ~* per cent (17~5.+r+) interest
<br />tltersafter until paid ai the suction of tits tritxtgages; and this mortgage may thereupon bt faaeclosed immetiiaiely
<br />fen the wtfole ai rue ittdebt~taess hereby secured., including the cost of extending the abstract of tilts from tttc
<br />tZptC of tttF3 mOitgaje t0 tlt[ time Of L'OntmenCln$ ~Ui11 wit. ~`$L'venCeen and one°ttdLfi #'elrcefi~
<br />~, tat site tvcrz of a fot'ectasuie or default as providal tttrein, the mortgages shaft at outs be entitled to tine pos-
<br />session, use, snot etijoyrrieitt of the real estate aforesaid and w the rent, issues. royalties, sad profits thereof,
<br />frrapg tt~ aseru~a of sttttt rights ar3d daring the pt~sit~y of for~losurs proceedings and such poYssssiatts, etc„
<br />slla~l al once Ise dditr<ned to the mortgagee upnn request, upon failutt_ xvutt delivery of such poesessicm may be
<br />egfot~d by nua[t(~tg, by any tipttropriate tsgad ptaGeIXlingS, iricludittg a rscsivsr for the property.
<br />5, Tltr process of uty vle of slid property tit aceordanct with the prr.-Sng paragraphs shall be apptitd first to
<br />' tbe tY»~4s atMt sxp~ of said salt, fix expeetc:ss in:<ctrrsd by ttwr tnvrtgaget for the purpose uF protecting ar
<br />ma said ~otterty, seG4+tutty. to txy the ittdabttdit st>:`urtd hsttby; am3 thirdly, to pay any surplus ar
<br />ttx~tcs to the tztitxstt or ptt~ttts legally etttitlsxt thereto.
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