r
<br />d. For better security of the indebtedness hereby secured, upon the request of the mortgagee, its successors
<br />or assigns,: tnosigagar shall execute and deliver a supplements! mortgage or mortgages covering any additions,
<br />improvements, or Isetterments tnadc to the property hertinabove described and all property acquired by it after
<br />the date hereof (nit in form satisfactory to mangagee). Futhermore, should mortgagor fail to cure any default
<br />~ in the payfitent of a prior or inferior encurabrattce an 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 suds advances
<br />~,,, shell bercme part of tree indcbted.~s ~ar~t by ~ ~a .ndtry»rnen~, ~~~~t to ter same tarts Hnd ca~itiarts:
<br />~ e, The ri u created b this rnnve
<br />gh y yanoe shall remain in full forme and effect during any postponemrnt or
<br />exteetsiem of the time of the payment of the indebtedness evidenced by said promissory note ar notes, or sny
<br />- part thereof secured hereby.
<br />f. Ta continuously maintain hazard insurancx, o€ such type or types and in such amannu as the mortgagee
<br />~"tnay From time to time require on the improvements now or hereafter on said properly, and wits pay protttptly
<br />~rhen dste any ptxtrsistrns therefor. Att insurance shat} be carried in companies acxeptabie to mortgagee and. the
<br />poticits and renewals thereof shalt be held by mortgage and have attached [hereto toss payable clausessn favor
<br />of next in form aca~ptabk to the mortgagee. In event of Ions, mortgagor will give immediate notice in writing
<br />to mortgsga, and mortgage may make proof of foss if not trade promptly by mortgagor, and each insurance
<br />company COrMX7T2ed is hereby authorized and directed to make payment for such Loss directly to mortgagee
<br />insuead of to mortgagor and mortgagee jointly, and the insurance procr_ds, ar any part thereof, may be applied
<br />by tntxtgagee at its option either to the reduction of the indebtedness hereby secured or to [he restoration or
<br />repair of the properly damaged or destroyed. In event of foreclosure of this marlgage, or other transfer of tick
<br />to said property in extinguishment of the indebtedness secured hereby, alt right, title, and interest of the
<br />tnortgagar in and to any insurance policies then in force shat! pass to the purchaser or mortgagee or, at the
<br />option of the mortgagee, may be suncndered for a refund.
<br />g. 7o keep ail buildings and other improvemems on said property in good repair and condition; to
<br />permit, cotamit, or suffer no waste, impairment, deterioration of said property or any pan thereof; in the event
<br />of failure of the mortgagor to keep the buildings oa said premises and those erected on said premises, or
<br />improvements therrnn, in good repair, the mortgagee may make such repairs as in iu discretion it may deem
<br />nere~esary for the proper preservation thereof; and the full amount of rach and every such payment shall be
<br />immediately due and payable; and shall be secured by the iein of this mortgage.
<br />h. To trot voluntarily create or permit to tee created aga~nct the proper., subje; < t., this ma :gage any Gcn
<br />ar }liens iaftrior to the lien of this mangage without writer, consent oC the mortgagee; and father, that morl-
<br />gagor wil! keep and maintain the same free Cram the claim of all persons supplying labor or materials for rnn-
<br />strttction of any sad ail twiidings or improvements stow bring erected or to be erected on said premises.
<br />i. To not rent or assign nay pan of the rcpt of said mortgaged aroperty ar demolish, or remove, ar
<br />substantially otter any building without the written consent of the mortgagee.
<br />j. Ali awards of damages in canneaion with any candrnsnatian for put*lsc use of of injury to nay of the
<br />property subject to this mortgage are hereby assigned and strati be paid to mortgagee, who may apply the same [o
<br />paymrnt of the insialttetents fast due undo said note, sad mortgagee is hereby authorized, in the name of the
<br />mortgagor, to execute arul deliver valid acquittances thereof need to appeal from any such award.
<br />k. The mortgaget shall. have ehc tight to itsspea the mortgaged premises at any rcasanahle time.
<br />t. To comply with the previsions of any tease if this A4orlgagr is oo a leasehold. ff this _AUrtgage is on a
<br />unit in a c~ominium or a planned unit dcvdopeaent, Barrpwer shall perform ail of Borrower's obligations
<br />nt~er the declaration or covrnants creating a governing the condominium or planned wait devdopmeat,the
<br />by-laws sad rettulations of the t-csadomiaitaa or plaatted unit devdaptturtt, sad conatitucat documrnts.
<br />2. l7cfauli in nay of the covenants ar coaditiaas of this instrttmrnt ar of the note or loan ageemrnt secured hereby
<br />aizatl teret~te the mttttga$or's ri$ltt to pasaession, use. and enjoyment of the properly, at the option of the
<br />or (it bei~ r resat tI~ ±t~rtcu stall nave such right uteri} default). Upon any such
<br />def`stdi, the tortgagee shall bn°raraT the owner of art of the rears anti profiu securing after default as security for
<br />the iadebtedneaa se~rred htscfiry, with the ristst to enter upon said proptny for the purpose of coiltcting suds
<br />trans aatd profits. Thin itr#truttttent sht4f operate as ate assi,$nmcnt of any rentals an said property to th>u extent.
<br />3. if the atorCgt~Or defaults. amd fettle to make any p~ayntersts when date of to conform to and compty~with any of
<br />the c or ~s contained itt this trtort~gc ar the rtotcs which it secures. then the entire prittcipa!
<br />need tt itterest skate! at ottaee bersarne due and payable, and draw ' per cent (_,),StaQ9.) imerest
<br />it"ur t paid at the datioa of tlx ~; next this mssrtga;e easy thereupon he foreciosa3 ittnnediattly
<br />fen tka wk~ ed flee i Yaachy satrorcd, irtcfudeag the cast of extending the abstract of title from the
<br />t rt't~. ~ to rage-time of ~i~ such tacit.
<br />•, Iw the es~t ~ a faradowrt or dsfwtt at; provided hes~ein, the morlr_a_rer skaU at atsce be entitled to the P~-
<br />~ g'se. sad ~ of iha rat ~:atc afutcbaid :ird to the rear, issues, royttitics, sad profits ttsereof,
<br />ittt~ tLt a~ ref suck ruts and dnri+~ the pe->rty of foreclowre prtx~+dings and suet: possl:ssiaas, etc.,
<br />let o be dew tp the. ~ upon re+qucst, uptxt fttiturc delivery of serclf possession may be
<br />extfatrtaod #t` rteartgt, hY stele ~ tepl pry %t-ettxlattg a reerivcr far the praperiY.
<br />3. 'tliE of any ta€t tsf 9tttd prssp~ty m rtctore with the prerrdstrg paragraphs shall be applied first to
<br />pEy Y63 at staid teaks, tlkt czgcnecs-itateurild by the for the purpatfe al lux>ttxtiag ar
<br />++ ~tr~#y. fly; to p~ the i snored hexe#ty; sad d24rdly, ra psy gaY surplus ur
<br />~ m the p,ttetta at ~y etuit3ttd thereto.
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