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<br />f~I i)t~2291
<br />d.'l~br better security of the indebtedness hereby secured, upon the request of the mortgagee, its successors
<br />or assigns, tnongagor shalt execute and deliver a supplemet~tat mortgage ur mortgages covering any additions,
<br />improvements, or betterments made to the property htteittabove described and alt property acquired by it after
<br />t{te date hereof (ati in form saxisfactory to mortgagee). Futhermore, should mortgagor fail to cure any default
<br />in the payment of a prier or inferior ettcvmbratrce on the property described by this insttttrnent, mortgagor here-
<br />by-agrees to permit mortgagee to curt such default, but mortgagee is not obligated to do so; and surd advances
<br />simll become part of the ittdebt~ness sesurtd by this it~strutneat, subject to the same tams and cattditiom.
<br />e. The rights created by this conveyance shall remain in fuH force and effect during any postponement or
<br />extension of the time of the payment of the indebtedness evidenced by said promissory note or Hotta, or any
<br />pan thereof secured herby.
<br />f. To continuously maintain haaard iruttrance, of such type: or typal and in such amounts as the tttortgagee
<br />may from Utne to time rtquuc on the improvenrenu now w hereafter on said property, and wfU PaY P~ptlY
<br />whin dne any premiuttu therefor. A4 irauratrce shall be carried in rnmpanies acceptable to mortgagee acrd the
<br />pofities and renewals ehercaf shall be held by mortgagee and have attached thereto loss payable clatrsts in favor
<br />of and in farm acceptable to the mortgagee. In evrnt of loss, mortgagor will give immatiate notice in writing
<br />to mortgagee, and mortgagee may make proof of loss if not made promptty by mortgagor, and each insurance
<br />company concerned is hereby authorized and hireettd to make payment far such loss directly to mortgagee
<br />instead a# to mortgagor and mottgagee jointly, and the tnsuranct proceeds, of any part thereof, may be applied
<br />by mortgagee at its option either to the reduction of the indebtedness hereby secured yr to the restoration or
<br />re~ir of the property damaged yr dtstroyed. In rvrnt of foreclosure of this mortgage, or Other transfer of tftk
<br />to said property ir. 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 ro the purchaser or trtortgagee or, at the
<br />option of the mortgagee. may tx surrendered for a refund.
<br />g, To kttp all buildings and attter improvements on said propmy in good repair and condition; to
<br />permit, commit, err suffer no waste, impairment, deterioration of said prapetty or say part thereof; in the event
<br />of fa:l":re of the mortgagor to keep the buildings an said premises and those erected on said premises, or
<br />Impravetnems thermn, in good repair, the mortgagee may make such repairs as in its discretion it may deem
<br />rtccessary for she proper preservation therof: and the full amount of each and every such payment shall be
<br />immediaaty due and pay°able; and shall he serurrd by the Ian of this mortgage.
<br />h. Tv not voluntaniy create err permit to he created against !hr property subject to this mortgage any !ten
<br />or urns inferior ro the titn of this monfraar wnhaut wntten cansrnt of the mvrtgagee; and father, that mort-
<br />gagor wit! k..cp and maintain the s~mr free from the claim i~t aft persons supplying labor yr materials for c...-
<br />struction of am xnd a!! tctttldinXs cx ~mprmetrtettts nvw iseing rrctted aX to ter erected vn said premises.
<br />i. Ta not rrt:t c>r asa3gt::nr art .., tl-.s rent r>f :std mortgagod property or c~emahsh. or remove, or
<br />Substantially xtter any butktmg withwrt the wnttrn consent of the mortgagee.
<br />j. Ril awards at damages to cannaoan +stth any cortdcmnatwn tar pubftc use of or injury to any aC the
<br />ptoperty° subycct to this mortg~e are hereby asstgnrJ attd shalt tx pard to mortgagee, who maY aP1dY the same to
<br />payment of ztx irtsta!lments feu dtae alder ,ad note, amt mortgagee is hrnby authorized, in the name of the
<br />tttortgatim, to execute std dettver valnd acgwttxmes thmrvf seat to appeal from any such award.
<br />k. Tits mortgagee shaft hsvr the rrght to tnspccY the mortgaged premises at any reasonable time.
<br />i. Tv cromply with the provisxxts of any !case of this hlOrtgagc is txt a lessehod. tf this htortgagt is on a
<br />unit in a r+ndorctimum err a p~ntred unit ilevefOpmrnt, Borrower chaff perform all of t3orrower's obtigationa
<br />umier the dettiar:tiao err ,:ovemnts crwLng err governing the condominium t.~ p~sntd unit devrlopretcm,the
<br />by-#aturss ar-d rtgufatiats of the cxyndorninium or pfatuud utut devrfoprnent. std co'aKitutnt docut»eatc.
<br />?, Grfwh in arty of the cavettants or renditions of this ittstrtttnens or of the rsoie or :part ageesnent sertared hereby
<br />shag terminus the mortgagor's right to possession, use, std enjoytnrnt of the property, at the option of the
<br />~ rn assigns tit bring agteal that the mortgagor shaft bevy such right until default). upon say such
<br />ddaatt, the ttrtortgagete shaft ltecareie the owner of all of the rents std profits acrvring after default as security for
<br />tkte itsdabtedtxss secured ttertby, with the tight to enter upon said property fat the purpose of collecting such
<br />rents sett profrts. Thh Instrument shalt oprxatc as an assigorrxar of any rentals on tu>~ property to that extrnt.
<br />3, ft the tttortgagcx defauhs, slut faits to tttske any paytnrnts whin due csr to conform to std comply with any Of
<br />tree ~ agrtsertrerrta contained in this mortgage or the notes which it secures, then the entire principal
<br />tmd acertred interest strait at oacx btcorrre due and paYabtt, std draw per cent 4.15..~~-l interest
<br />ttHer untr7 paid at the ckcticxt of the tnortgagtc; r~ thle mortgage may thereupon I% forcctosetf immediately
<br />fat the wteok of the itttitbtedttaat hereby stxvred, inrlydistg the cost of attending the abstract Of title from ttte
<br />crf' t~ tnnxt~c to the riser of eommtttsing sorb suit. "61xt>eert and errs-f•~lf t~resn*_
<br />~, fit !l#t Cvpat of s ttarracittautc a- dd'auit ra provided beerier, the mtxtgagae stmN at once be entitled to the pos-
<br />ta3rt; sad enjtvyraettt of the real estate aforeuid and to the rent, issues. royalties, and profits tftercof,
<br />firofitf tla~t tttxrtrtlfgt of such rights anti dtaing the petdcrtry of forerlosure prareatfngs acrd such possessions, ter.,
<br />~Rii iaf: a~tx hs tom; to the tnotttgg~ upon rregttcst; upon failure such delivery of sutit possessiatt tray be
<br />by say ipp9ri~rtiatte legal proceedingit, itttiuding a retsttiver far the property.
<br />l~ aJ asy ssk of laid pr~tmrty fo asadartne with tt~ txttlrtg psragrap#ts shall br applied first to
<br />prey elte cttt{ti +r+t~ of laid itrtie. the ~ ittcurtad b!' the rrbstgsgcc for the purttose of pratec°ting err
<br />rsaiatairting wdlsopartY. ~, its pay the i~ sewrcd horcbY: and thirdly, to pate any surplus ter
<br />e><tesa trs aha p or per+tgtw kgliily eutiitked thereto.
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