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d. For better security of the indebtedness hereby secured, upon the reytrrst 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 hercinabove described and alt property acquired by it after <br />the date hereof (all in form satisfactory to mortgagee). Futhermore, should mortgagor fail to cure any default <br />in the 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 Io do so; and such advances <br />shall become part of the indebtedness secured by this instrument, subject to the same terms and conditions. <br />a <br />M <br />~1t <br />,.~ <br />~. The rights created by this canveyance shall remain in full force and effect during any postponement or <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 maintain hazard insurance, of such type or types and in such amounts zs 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. Alt 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 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 mortgagee <br />instead of to mortgagor and mortgagee jointly, and the insurance proceeds, or any part thereof, may be applied <br />by mortgagee at its option either to the reduction of the indebtedness hereby secured or to the restoration or <br />r~air of :he ;.ra,:.r*.v damaged ar r!estmyrd !n e~~ent .~t rnrtrlnsnre of [his morrga¢e, nr 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 shat! 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 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 mortgagee may make such repairs as in its discretion it may deem <br />necessary for the proper preservation thereof; and the ful{ amount of each and every such payment shall be <br />immediately due and payable; and shalt be secured by the lein of this mor*.gage. <br />h. To not voluntarily create or permit [a he created against 'he property subject to this mortgage any Gen <br />or liens interior to the lien of this mortgage without written amsent of the mortgagee; and futher, that mort- <br />gagor will keep and maintain the same free from the claim of ail persons supplying labor or materials for con- <br />struction of any and ail 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, ar remove, or <br />substantially alter any building without the written consent of the mortgagee. <br />j. All awards of damages in conne•_tion with any condemnation for public use of ar injury to any of the <br />property subject to this mortgage are hereby assigned and sha)1 be paid to mortgagee, who may apply the same to <br />payment of the instalh~.ents Iasi 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 />1. To comply with the provisions of any 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 decaaration or covenants creating or governing 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 ar of the note or loan ageement secured hereby <br />shall terminate the mortgagor's right to possession, use, and enjoyment of the property, at [he option of the <br />mortgagee or assigns (it being agreed that the mortgagor shall ha~re such right until default). Upon any such <br />default, the mortgagee shall become the owner of all of the rents and profits accuring after default as security for <br />the indebtedness secured hereby, with the right to enter upon said property for the purpose of eollec[ing such <br />rents and profits. This instrument shall operate as an assignment of any rentals on said property to that extent. <br />3. [f the mortgagor defaults, and fails to make any payments when due or to conform to and comply with any of <br />the conditions or agreements contained in this mortgage or the notes which it secures, then the entire principal <br />sum and accrued interest shad at once become due and payable, and draw * per cent ( ib• ~%) 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 cast of extending the abstract of tide from the <br />date of this mortgage [o the time of commencing such suit. *Slxteen Percent <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, royalties, and profits thereot, <br />from the aceruirg of such rights and during the pendency of foreclosure proceedings and such possessions, etc., <br />shall at ante be delivered to the mortgagee upur. request, upon failure such delivery of wch possession may he <br />enforced by mortgagee, by any appropriate legal proceedings, including a receiver for chi: property. <br />S. The prin'eeds of any sale of said property in accordance with the preceding paragraphs shalt be applied first to <br />pay the cost» and expenses of said sate, the expences incurred by [he martgagee for she purpose of protretutg or <br />maintainittg said property., secc+ndly, to pay the indebtedness secured hereby; and thirdly, to pay any surplus oe <br />excess to ilte persan or persons tegatfy entitled thereto. <br />