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<br />d. Far betttr stcuriry of the indebtedness hereby secured, upon the request of the mortgagee, its successors
<br />or assigns, mortgagor short execute and deliver a supplemental mortgage or mortgages covering any additions,
<br />improvements, or betterments madt to the property hereinabove described and all property acquired by it after
<br />the date htreof (all in €orm satisfactory to mortgagee). Futhermore, should mortgagor fail to cure any default
<br />,~ in tht payment of a prior or inferior enctunbrance on the property described by this instrument, mortgagor here-
<br />~ by agrees to permit mortgagee to cure such default, bu[ mortgagee is not obligated to do so; and such advances
<br />,-q shall become part of the indebtedness sectrred by this instrumtnt, subject to the same terms and conditions.
<br />;~ e. The rights crcettd by this convyattce shall remain ie fu8 force and effect during any pastponemtnt or
<br />Q extension of the time of the payment of the indebtedness evidenced by said promissory note or notes, or any
<br />part thereof secured-hereby.
<br />r--t f. To continuausl maintain hazard insurance, of such t
<br />~ y ypt or types and in such amounts'as the mortgagce
<br />may from time to time require on tbe improvements now or hereafttr on said property, and will pay promptly
<br />when due any premiums therefor. All insurance shall be carried in companies acceptable to mortgagee and the
<br />polithts and renewals thereof shat(be held by mortgagee and haw attached thereto loss payable clauses in favor
<br />of and in form acceptable to the mortgagee. In event of loss, mortgagor will give immediate notice in writing
<br />to mortgagts, and mortgages may makt proof of loss if not made promptly by mortgagor, and each insurance
<br />~ company concerned is hereby authorized and directed to make paymrnt 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 />~ ,,,t by mongagce at its option either to the reduc[ion of the indebtedness hereby secured or to the restoration or
<br />L ~ repair of the property damaged ar destroyed. In event of foreclosure of [his 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 />O 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 far a refund.
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<br />~~ g. To kelp all buildings and other improvements on said property in good repair and condition; to
<br />permit, commit, or suffer na 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 />improvements thereon, in good repair, the mortgagts 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 bt
<br />immediately due and payable; and shall be secured by the lein of this mortgage.
<br />h. To no[ Froluntarily 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 futher, that mort-
<br />gagor will keep and maintain the same-free from the claim of all persons supplying Labor or materials for con-
<br />stru4Kion of any and all buildings or improvemerts now being erected ar to be erected on said premises.
<br />i. To aot rent ar assign any part of the rent aC said artgaged proprty ar detnalish, or remove. o.
<br />substantially alter any building withou[ the written consent of the mortgagts.
<br />j. Ail awards of damages in eonntetion with any condemnation for public use of or injury to any of the
<br />property subject to this morgage are hereby assigned and shall be paid to mortgagee, who may apply the same to
<br />paYmtnt of the installmrnts last duc under said note, and mortgagee is hereby authorized, in the name of the
<br />sortgagor, to execute and deliver valid acquittances thereof and to appeal Crom any such award.
<br />k. Tht mortgagee shalt have the right to inspect the mortgaged premises at any reasonable time.
<br />1. To comply with the prrnisions of any }ease if this Mortgage is on a leasehold. If this Mortgage is on a
<br />unit in a cotdominium or a planned unit development, Borrower shall perform all of Borrower's obligations
<br />under the declaration or covenants creating or governing the condominium or planned unit dtvetapmene,the
<br />by-laws and regulations of the cotdominium or planned unit development, and constituent documents.
<br />2. Default in any of the covenants or conditions of this instrument or of the note or loan ageement secured hereby
<br />shalt urminaee the mortgagor's right to possession, use, and enjoyment of the property, at the option of the
<br />mortgagts or assigt~ (it being agrced that the mortgagor shall have such right until default). Upon aoy such
<br />defauh, the mortgagee shall became the owner of all of the rents and profAts accuring after default as security for
<br />iht indebtedness secured hereby, with the right to enter upon said property for the purpose of collecting such
<br />rents and profits. This instrument shall operate as an assigntnent of any rentals on said property to that exeent.
<br />3. tf the mortgagor defaults, and fails to make any payments when due or to conform to and comply with any of
<br />the comiitions or agrcemtnts cantaintd in this mortgage or the notes which it secures, then the tortes principal
<br />sum oral accrued interest shall at once become due and payable, and draw _ '! per teat (i7. SOs/i) interest
<br />thereafter until paid at the election of Litt morgaget; and this mortgage may thereupon be fortclosat immediately
<br />far ttte wtwte of the indrbttclness hereby secured, including the cost of extending the abstract of title from the
<br />dart of this mortgage to the stmt of corntnencing such suit. *Seventeen and one-hal f Percent
<br />4_ Is the event of a fartclasttre or default as ptavitf~d htaein, the mortgagee shall at once bt entitled to the pos-
<br />stssiaa, use, artd mjaymtnt of the real estate aforesaid and to the rent, issues, royattits, and profits thtrtof,
<br />frt~ t!~ as_:si~g of ~sch rights and durittg iht p~t:~{cosy of foreelasurt proctexlings and such possessions, etc.,
<br />slut K once be delivered to the mortgagee upon request, upon failure such detivery of such possession may be
<br />enforced by nwrtgpgcs, by aay appropriate legal proctextings, including a receiver far the property.
<br />5. Tltd prates of any salt of said property in accardanct wish the prtstding paragraphs shall bt appiitd Cirst to
<br />paY ttsa t< and expPrtstr of said sate, the tstftencts incttrrtd by tht mortgagee Eat tttt purpose of protecting or
<br />ragintasrtiatg said ptaptrty, sttrandly, to pay the ittdtbtedntss stgticd htrtbr; and thirdly, to pay aay surplus ar
<br />tx~s to t4c ptrr~c[tt or persons lttytllY tntttted thereto.
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