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d. For better security of the indtbtedness 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 m the property hercinabove described and all property acquired by it after
<br />the date hereof (all in form satisfactory to mortgagee). Futhermore, should mortgagor fail to curt any default
<br />~~in the payment of a prior or inferior encumbrance on the property described by this instrument, mortgagor here-
<br />.~by egrets to permit mortgagee to cure such default, but mortgagee is not obligated to do so; and such advances
<br />,..ishall become par[ of the indebtedness secured by this instrument, subject to the same terms and conditions.
<br />(1L ost onement or
<br />~ e. The rights created by this conveyance shall remain in full Corce and effect during any p p
<br />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 />~ f. To continuously maimain 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 wilt pay promptly
<br />when due any premiums therefor. All insurance shall he 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 loss, 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 payment for such loss directly to mortB ed
<br />instead of to mortgagor and mortgagee jointly, and the insurance proceeds, or any part thereof, may be app
<br />by mortgagee at 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 even: of foreclosure of this mortgage, or ether 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 />g. To keep all buildings and other improvements on said property in good repair and condition; to
<br />permit, commit, or suffer no waste, impairment, deterioration of said property or any part thereof; in the evens
<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 mortgagee 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 be
<br />immediately due and payable; and shall be secured by the lein of this mortgage.
<br />h. To not voluntarily create or permit to be created against the property subject to this mongage any lien
<br />or liens inferior to the lien of this mortgage without written consent of the mortgagee; and father, 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 not rent or assign any part of the rent of said mortgaged property or demolish, or remove, or
<br />substantially alter any building without the written consent of the mortgagee.
<br />j. Alt awards of damages in connection with any condemnation for public use of or injury to any of the
<br />property subject to [his mortgage err hereby assigned and shall be paid to mortgagee, who may apply the same ro
<br />payment of the insta{Iments 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 apps! 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 any lease if this Mortgage is on a leasehold. if [his 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 3overning the condominium or planned unit development,the
<br />by-laws and regulations of the condominium 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 />shall terminate the mortgagor's right to possession, use, and enjoyment of the property, at the option of the
<br />mortgagee or assigns tit bring agreed that the mortgagor shall have such right until default). Upon any such
<br />default, the mortgagee shall become the owner of all of the rents and profits accunng 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 comply with any cf
<br />the conditions or agreements contained in this mortgage or the notes which it secures, then the entire principal
<br />sum and accrued interest shalt at once become due and payable, and draw * per cent (t 6. Q %) interest
<br />thereafter until paid at the election of the mortgagee; and this mortgage may thereupon be foreclosed immediately
<br />for the whole of the indebtedness hereby secured, including the cost of extending the abstract of title from the
<br />daft of this mortgage to the time of commencing such suit. *Sixteen Pezcent
<br />4. In the event of a foreclosure or default as provided 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, royal:ies, and profits thereof,
<br />frtam the accruing of such rights and during the pendency of foreclosure proceedings and such possessions, etc.,
<br />shall ai ont:e be delivered to the mortgagee upon request, upon failure such delivery of such possession may be
<br />enforced by mortgagee, by any appropriate )egal proceedings, including a ret:eiver for the property.
<br />5. Tht prncerds of any sale of` said property irs accordance with the preceding paragraph: shall be applied Iirst to
<br />pay the costs; aru) expenses of said sale, isle expenses incurred by the mortgagee tar the purtwse of protecting or
<br />maintaining said property, srcand)y, to pay the indcbterlness secured hereby: and thirdly, to tray any surplua tx
<br />excess to the person err presorts legally entitled tlterctq.
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