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I
<br />81-~~)~229?
<br />d. For better security of the indebtedness 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 to the property hereinabove described and ail property acquired by it after
<br />the lots hereof (all in form satisfactory to mortgagee-. Futhermorc, should mortgagor fail to cure any default
<br />in the payment of a prior or inferior encumbrance on the property described by this inst~ttment, mortgagor here-
<br />by agrees to permit mortgagee to Care 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 />c. The rights created by this conveyance shall remain in full force and effect during any postponement or
<br />extension of the tutu of the payment of rite indebtedness evidertaed by said promissory note or notes, or any
<br />part thereof secured ttaeby.
<br />f. To continuously maintain hazard insurance, of such type or types and in such amounts as the mortgagee
<br />may from titre to time require on the improvements now or he-eafter on said property, and wiU pay promptly
<br />when due any premiums therefor. Alt insurance shall be carried in companies acceptable to mottgagee 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 mortgages 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 ere applied
<br />by mottgagrx at its option richer to the reduction of the indebtedness hereby secured or to the reseoration or
<br />repair of the property damaged or destroyed. In event of foreclosure of this mortgage, or 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 tq 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 ail 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 chose erected on said premises, or
<br />improvements thereon, in good repair, the mortgagee may make such repairs as in its discretion it msy deem
<br />necessary for the proper preservation thereof: and the fail amount of each and every such payment shall 1>e
<br />imrricdiately due and payable; and shall tx secured by [hc Icin of this mortgage.
<br />fi. To not ~oiuntariiy create or permit to be created against the property iublect to this mortgage any lien
<br />or Betts inferior to the !irn of this mortgage without wnttcn consent of the mortgagee; and father, That mort-
<br />gagor will keep and matntatn the same free from the claim of all persons supplying labor or materials fee can-
<br />struction of any and art tr~itdings qr improvements now being erected or to be erected an said premises.
<br />i. Fq not rent or assign any part of the root of Said tnortgaged propery or demolish, or remove, or
<br />substantially alter any building without the written cunxm of the mortgagee.
<br />j. All awards of damages in connection wi[h env condemnation for public use of or injury to any of the
<br />property sttbjeCt to this mortgage are hereby assigned and shalt be paid to mortgagee, who tray apply the same to
<br />~yrnent of the installments least due uixiet said note, artd mortgagee is hereby authorized, in the name of she
<br />mortgagor, to exeCUte and deliver valid aCquittancrs iherrof and to appeal tt"rom any such award.
<br />k. The mortgagor shalt have the right to inspttt the mortgagod premises at any reasonable time.
<br />1. To cumpiy with the provisions of any (rase if this Mortgage is on a teasehald. if [his Mortgage is on a
<br />unit in a conAomitrium ar a planrud unit development, Borrower shall perform all of Borrower's obligations
<br />under the dataration tx Covenants Creating ar governing the Condominium or planned unit deveiopmrnt,ihe
<br />by-laws attd regtttatiuns of the Condominium qr planned uni[ develgpmrnt, and constituent documents.
<br />2. Ikfault io any of tlx cavenants or rnttditiotts of this inserun:s-nt or of the note or loan ageemrnt secured hereby
<br />shall terminate the mortgagor's right to possession, use, and enjoytnent of the property, at the option of the
<br />mortgage of assigns; fit being agreed that the mortgagor shall have such righe until default}. Upon any such
<br />default, the tnortgagoe shall become the owner oC all of the rents and profits accuring after defeat[ as security i'or
<br />the indebtedness secured hereby, with the right to rnerr upon said property for the purpose of collecting such
<br />rents and ptoftts. 'This insirurnrnt shall operate as an assignment of any re~ttals an said properly to that extent.
<br />3. if the morttgagor defaults, and fails to males any payments when due or to Conform to and comply with any of
<br />the cottdititttts or agreetnetus contained in this mortgage or the notes which it secures, then the entire principal
<br />stun acrd asxrurr! ituerest shat! at once txecitt:e due and payable, and draw _ * per stunt (.i,?'a) fnterrst
<br />thmnaftn until paid at the ettciion of the mortgagee: and this mortgage may thereupon be foraiosed immediately
<br />for text witoie of the indebtedtceas hereby secured, including the cost of extending the abstract of tick from the
<br />daite of this ntort~e to the time of cotnmettcing such suit. +5ixceen and one-half ~reant
<br />~, In the evens of a torerio~ve or 4efauit eat provit~I herein. the mortgagee shalt at grsce be eatitlesi to the pos-
<br />sts~isin, rue, attd etsjoymrat of the real stttate afart~aid anti to the rant, issues, royal€ies, and profits thereof,
<br />itral~ tlta asctttitry{ of stash rights attd during the pertderu-y of foreclosure proceedings attd sitCh possessions, etc.,
<br />s at osctit be dt~vered to the m~igagee upom request, upon failure such delivery of such possession may tx
<br />eafots+trd M mort*gt~,e, by any appropriate kgttl pcotxedings, including a reCrivtr far the property.
<br />S. Tim tutnrotrit~ of airy sale of said property in aecordattce with the pru.~cciing paragraphs chat{ toe applirtl first to
<br />pwty the tau and cxpet of saiaf , the ettt in,t~Rtrnad by the mortgagee ttu the purpcxsc t>f prtueCting x
<br />maietturtir~ Maid prt'lptrty, u€ottsilgr, to pay ehc i tlrttos securai tsrreby; and thudly, to pa,y arty surplus ~~r
<br />rv.~ to thin pcsattr+ tx petsans !really ertSitkst tirrreta.
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