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8 I --~) () 213 5 d. Far 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 all property acquired by it after the date hereof (all in form satisfactory to mortgagee). Futhermore, should mortgagor fail to cure any default in the payment of a prior or inferior encumbrance on the property described by this insrrumem, 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 the 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 paymem of the indebtedness evidenced by said promissory note or notes, or any patt thereof secured hereby. f. To continuously maintain haaard 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 progeny, and will pay promptly when due any premiums therefor. Alt insurance shall be carried in companies accepiable 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 loss, mortgagor will give immediate notice in writing to mortgagee, and mortgagee may make proof of lass 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 cf to mortgagor and mortgagee jointly, and the insurance proceeds, or any part thereof, may he applied by mortgagee at its option either to the reduction of the indebtedness hereby secured or to the restoration ar repair of the property damaged or desteoyed. in event of foreclosure of this mortgage, or other transfer of title to said property in extinguishment of the indebtedness secured hereby, all right, title, and interest of the mortgagor in and to any insurance policies then in force ,hall 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 buildings on said premises and these erected on said premises, or improvements thereon, in good repair, the mortgagee may make such repairs as in its discretion it 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 cot+~ent of the mortgagee; and futher, that mort- gagor wilt keep and maintain the same free from the claim of all persons supplying labor or materials for con- struction of any and ail buildings or improvements now being erected or to he erected an said premises. i. To not rent or assign any part of the rent oC said mortgaged property ar demolish, or remove, ~r substantially alter any building without the written consent oC the mortgagee. j..411 awards of damagesrn connection with any condemnation for public use of or injury to any of the property subject to this mortgage are hereby assigned and shall be paid to mortgagee, who may apply the same to payment of [he 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 lime. 1. To comply with the provisions of any lease iC 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 da:laration or covenants creating or governing the condominium or planned unit development,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 shall become the owner of alt of the rents and profits assuring 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 thae extent. 3. If the mortgagor defaults, and faits to make any payments when due or to conform to and comply with any of the conditions or agreements contained in this mortgage ar the notes which it secures, [hen the entire principal sum and accrued imertst shall a[ once become due and payable, and draw _ * per cent (_l.C_S~°1a) interest thereafter until paid at the election of the mortgagee; and this mortgage may thereupon be foreclosed immediately for the whole of the indebtedness hereby secured, in,;ludtag the cast of extending the abstract of title from the date of this mortgage to the time of commencing such suit. *Sixteen Percent 4, In the swum of a foreclosure or default as provided herrin, the mortgagee shall at once be entitled to [he pos- session, use, and enjoyment of the real estate aforesaid and to the rent, issues, royalties, and profits thereof, from tht acc*uing of such rights and during the pendency of foreclosure proceedings and such,possessians, etc., sbs[t at ome be delivered to the mortgagee upon request, upon failure such delivery of such possession may be enforezxl by mortgagee, by any appropriate toga! proceedings, ittciuding a receiver 1'or the property. 5. The proceeds tFf any sale of said property in accordance with she preceding paragraphs shall t?e applted first to pity the costs and expenses of said sale, the expenses incurred by the nwrtgagec for the purpose .+f pru[crurtg ,,r maintaining said prt:pertY, seeortUiy, to pay the indebtedness secured herehv: and [lordly, to pay .+ny surphts or ex:cxs to the txrutn ar pmrsorts legally entitled thereto.