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<br />d. For better security of the indebtedness hereby secured, upon the request of the mortgagee, its successors
<br />or assigns, mortgagor shall execute and deliver a supplemental mortgage or mortgages covering any additions,
<br />improvements, or betterments made to the property hereinabove described and all property acquired by it after
<br />the date hereof tall in form satisfactory• to mortgageel. Futhermore, should mortgagor fait to cure any defauh
<br />in rise payment of a prior or inferior encumbrance on the property described by this instrument, mortgagor here-
<br />by agrees to permit mortgagee to cure such default, but mortgagee is not obligated to do so; and such advances
<br />shall become part of the indebtedness secured by this instrument, subject to the same terms and conditions.
<br />e. The rights created by thi conveyance shall remain in full force and effect during any postponement or
<br />sxtension oP the time of the payment of the indebtedness evidenced by said promissory note or notes, or any
<br />part thereof soured hereby.
<br />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..411 insurance shall be carried in companies acceptable to mortgagee and the
<br />policies and renewals 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 Ices, mortgagor will give immediate notice in writing
<br />to mortgagee, and mortgagee may make proof of loss if not made promptly by mortgagor, and each insurance
<br />company concerned is hereby authorized and directed to make paymene 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 />by mortgagee a[ 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 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 />e. To keep all buildings and other improvements on said property in good repair and condition; [o
<br />permit, commit, or 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 an said premises, or
<br />improvements thereon, in good repair, the mortgagee may make such repairs as in its discreIion 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 secered by the Lein of this mortgage.
<br />h. To 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 rtwrtgage s~ithout 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 />struction of any and all buildings or improvements now being erected or to be erected on said premises.
<br />i. To no[ rent or assign any part of the rent of Baia mortgaged property or demolish, or remove or
<br />substantially alter any building without the written consent of the mortgagee
<br />j. ,411 awards of damages in connection with any condemnation for public use of or injury to any of the
<br />property subject to this mortgage are hereby assigned and shall 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 the
<br />mortgagor, to execute and deliver valid acquittances 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 />L To comply with the provisions of anp lease if this Mortgage is on a leasehold. If this Mortgage is on a
<br />unit in a condominium 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 development,the
<br />by-laws and regulations of the condominium or planned unit developmen4 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 />shall terminate the mortgagor's right to possession, use, and enjoyment of the property, at the option of the
<br />mortgagee or assigns (it being agreed that the mortgagor shall have such right until default). Upon any such
<br />defauh, the mortgagee shalt became the owner of all of the rents and profits accrring after default as security for
<br />the 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 assignment of any rentals on said property to that extent.
<br />3. if the [mortgagor defaults, and fails to make any payments when due or to conform to and cortiply with any of
<br />the conditions or agreements contained in this mortgage or the notes which it secures, then the entire principal
<br />sum need accrued interest shall at once become due and payable, and draw * per cent (~.Z_..Qelo) interest
<br />thereafter until paid at the election of the mortgagee; and this mortgage may thereupon be foreclosed immediately
<br />for the wltc+lt of the ttdehtesine~s lxrehy secured, includins the cost of extendine the abstract of title from the
<br />dale of this mortgage Fo the tierce of commencing such suit. *Sevsnteen Percent
<br />d, In the event of a foreclosure or default as psovid~ herein, the mortgagee shall at once be entitled to the pos-
<br />session, use, and enjoyment of the real estate aforesaid and to the rent, issues, royalties, and profits thereof,
<br />from the. accruing of such rights and during the pendency of foreclosure pra:eedings and such possessions, etc.,
<br />shall at open be delivered to the mortgagee upon request, upon failure such delivery of such possession may be
<br />enforced bg rnortgag~ee., by any appropriate legal proceedings, including a receiver for the property.
<br />'t. Ttte prorxeds of any scale ot`said property in accordastce with the preceding paragraphs shall be applied first to
<br />pay flee costa and expenses of said salt, the expenccs incutred by the mortgagee for the purpose of protecting or
<br />[naintainiesg strid propcrt>', s¢cotxtly, to pay the isdebtedness see~ured hereby: and thirdly, to pay any surplus ur
<br />exc:~s io thz pert:on or persons Dally entitled thereto.
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