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Z`'° r1 N G f e~-1 d. For better security of the indebtedness hereby secured, upon the request of the mortgagee, its successors or assigns, mortgagor shall execute and deliver a supplemental mortgage or mortgages covering any additions, improvements, or betterments made to the property hereinabove described and al! property acquired by it after the date hereof (all in form satisfactory to mortgagee). Futhermore, should mortgagor fail ro cure any default in the payment of a prior or inferior encumbrance on the property described by this instrument, mortgagor here- by agrees to permit mortgagee to cure such default, but mortgagee is not obligated to do so; and such advances shall become part of the indebtedness secured by this instrument, subject to [he same terms and conditions. e. The rights created by this conveyance shall remain in full force and effect during any postponement or extension of the time of the payment of the indebtedness evidenced by said promissory note or notes, or any part thereof secured hereby. , f. To continuously maintain hazard insurance, of such type or types and in such amounts as the mortgagee may from time to time require on the improvements now or hereafter on said property, and will pay promptly when due any premiums therefor. All insurance shall 6e carried in companies acceptable to mortgagee and the policies and renewals thereof shall be held by mortgagee and have attached thereto loss payable clauses in favor of and in form acceptable to the mortgagee. In event of Toss, mortgagor will give immediate notice in writing to mortgagee, and mortgagee may make proof of loss if not made promptly by mortgagor, and each insurance company concerned is hereby authorized and directed to make payment for such loss directly to mortgagee instead of to mortgagor and mortgagee jointly, and the insurance proceeds, or any part thereof, may be applied by mortgagee at its option either to the reduction of the indebtedness hereby secured or to the restoration or repair of the property damaged or destroyed. In event of foreclosure of this mortgage, or other transfer of title to said property in extinguishment of the indebtedness secured hereby, alt right, title, and interest of the mortgagor in and to any insurance policies then in farce shalt pass to the purchaser or mortgagee or, at the option of the mortgagee, may be surrendered for a refund. g. To keep all buildings and other improvements on said property in good repair and condition; to permit, commit, or suffer no waste, impairment, deterioration of said property or any part thereof; in the event of failure of the mortgagor to keep the bui;dings on said premises and those erected on said premises, or improvements thereon, in good repair, the mortgagee may make such repairs as in its discretion i[ may deem necessary for the proper preservation thereof; and the full amount of each and every such payment shall be immediately due and payable; and shall be secured by the lein of this mortgage. h. To not voluntarily create or permit to be created against the property subject to this mortgage any lien or liens inferior to the lien of this mortgage without written consent of the mortgagee; and futher, that mort- gagor will keep and maintain the same free from the Maim of all persons supplying tabor or materials for con- struction of any and all buildings or improvements new being erected or to be erected on said premises. i. To not rent or assign any part of the rent of said mortgaged property or demolish, or remove, or substantially alter any building without the written consent of the mortgagee. j. All awards of damages ir. connection with any condemnation for public use of or injury to any of the property subject to this etortgage are hereby assigned and shall be paid to mortgagee, who may apply the same to payment of the installments last due under said note, and mortgagee is hereby authorized, in the name of the mortgagor, to execute and deliver valid acquittances thereof and to appeal from any such award. k. The mortgagee shall have the right to inspect the mortgaged premises at any reasonable time. 1. To comply with [he provisions of any lease if this Mortgage is on a leasehold. If this Mortgage is on a unit in a condominium or a planned unit development, Borrower shall perform all of Borrower's obligations under the declaration or covenants creating or governing the condominium or planned unit developmen.,the by-taws and regulations of the condominium or planned unit development, and constituent documents. 2. Default in any of the covenants or conditions of this instrument or of the note or loan ageement secured hereby shall terminate the mortgagor's right to possession, use, and enjoyment of the property, at the option of the mortgagee or assigns (it being agreed that the mortgagor shall have such right until default): Upon any such default, the mortgagee shalt become the owner of all of the rents and profits accuring after default as security for the indebtedness secured hereby, with the right to enter upon said property for the purpose of collecting such rents and profits. This instrument shall operate as an assignment of any rentals on said property to that extent. 3. If the mortgagor defaults, and fails to make any payments when due or to conform to and comply with any of the conditions or agreements contained in this mortgage or the notes which a secures, then the entire principal sum and accrued interest shall at once become due and payable, and draw * per cent (],ft..SL%) interest thereafter until paid at the elettion of the mortgagee; and this mortgage may thereupon be foreclosed immediately for the whole of the indebtedness hereby secured, including the cost of extending the abstract of title From the date of this mortgage to the time of commencing such suit. *Sixteen Percent 4. In the event of a foreclosure or default as provided herein, the mortgagee shall at once be entitled to the pos- session, use, and enjoyment of the real estate aforesaid and to the rent, issues, royalties, and profits thereof, from the accruing of such rights and during the pendency of foreclosure proceedings and such possessions, etc., shalt at once bx delivered to the mortgagee upon request, upon failure such delivery of such possession may be enforced by mortgagee, by any appropriate legal proceedings, including a receiver for the property. 5, The proceeds of any sak of said property in accordance with the preceding paragraphs shall be applied first to pay the custfi and expenses eF said sale, the expenses incurred by the rortgagee for the purpose of prt[tecting or maintaining said property, secondly, to t>dy the indebtedness secured hereby; and thirdly, to pay env surplus or execs. to the person or persons leXally entitled [hereto.