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<br />d• For better security of the indebtedness herehy secured, upon the reyu?st of the mortgagee, its successors
<br />or assigns, mortgagor shaft execute and deliver a sttppiemental mortgage or mortgages covering any additions,
<br />improvcmems, or betterments made to the property hereinabove described and alt property acquired 6y it after
<br />the date hereof (all ir. form satisfactory to mortgagee). Futhermore, should mortgagor tail 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 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 this conveyance shalt remain in full force and effect during any postponement or
<br />C'7 extension of the time of the payment of the indebtedness evidenced by said promissory note or noes, or any
<br />~ part thereof secured hereby.
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<br />~_ f. To continuously maintain hazard insurance, of such type or types and in such amouhts 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. All insurance shall be carried in companies acceptable [o mortgagee and the
<br />policies and renewals thereof shall be held by mortgagee and have attached thereto foss payable clauses in favor
<br />rt of and in form acceptable to the mortgagee. In went 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 />- °f •h~ - ~ °'?at^aged or dec[rnyrd, to went of foreclosure of this mortgage. or other transfer of title
<br />IGNaT .. , p.ap.-.^.,
<br />to said propem~ 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 [he
<br />aptlon of the mottgagee, 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 />perntit, 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 an said premises and those erected on said premisea, 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 presen•ation thereof; and the fu{1 amount of each and every such payment shall be
<br />immediately due and payable; and shall be secured by the leis of this mortgage.
<br />h. To not voluntarily create or permit to he created agai+st the property subject to this mortgage any lien
<br />or liens inferior to the lien of this mortgage without written ccnsent of the mortgagee; and futher, that mort-
<br />gagor will keep and maintain the same tree Crom the claim of elf persons supplying labor or materials for con-
<br />struction of any and alt 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 said mortgaged property or demoEsh, or remove, or
<br />substantially alter any building without the written consent of the mortgagee.
<br />j. vii awaru's of damag~~ in connection with a cored?!tination for public use of or injury to any of the
<br />property subject to ihi., mortgage are herehy assigned and shall be paid to mortgagee, who may apply the same to
<br />payment of the installments fast due under said note, and mortgagee is hereby authorized, in the name of the
<br />mortgagor, to execute and deliver valid acyuit[ances 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 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 alt of Borrower's obligatiors
<br />under the declaration or covenants creating or goo?rrting 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 nigh[ to possession, use, and enjoyment of the property, at the option of the
<br />mortgagee pr assigns {it being 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 assuring after default as security for
<br />the indebtedness secured hereby, with the right to enter upon said property for the purpose oC collecting such
<br />rents and profits. This instrument shalt operate as an assignment of any rentals on said property to that extent.
<br />3. if the mortgagor defaults, and fails ro 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 />swn and accrued interest shalt at once become due and payable, and draw * per cent (16.0 °70) 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 />date of this mortgage to the time of commencing such suit. *Sixteen Bercent
<br />4, !n 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 th? rent, issues, royalties, and profits thereof,
<br />from the accreting of such rights and during the pendency of foreclosure proceedings and such possessions, etc.,
<br />shall at arise be delivered to the mortgagee +rpan reyuest, upon failure such delivery of such possession may be
<br />Cnforced by mOTfgagee, by any appropriate Icgal proceedings, including a receiver for the property.
<br />S. T"he procxects of any sale of said property in accordance with the preceding parageaphs shelf be applied first to
<br />pay the .acts attd expenses of saki sak, the expenses incurred by the ntort$age? for the purtwst of protecting or
<br />+€wiritaittitig > property, secondly, tU pay the indebtedness secured hereby; and thirdly, to pay any surplus ur
<br />exc-usz to the pe€--zoo or p?rr~Jtts lrgxily esttitltd thereto.
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