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<br />~2-Ofi~392
<br />d. For better security of the irtdebtednes heretsy secures, t.pon the request of the mortgagee, its sutxYSSOra
<br />or assigns, mortgagor shat[ execute and deliver a supplemental mortgage or mortgages covering any additions,
<br />improvements, or betterments made to the property 6ereittabove described and all property acquired by it after
<br />the date hereof (all in form satisfactory to mortgagee). Futhttmore, should mortgagor fai! to cure any default
<br />in the paytttrnt of a prior or inferior encumbrance on the property described by this instrumrnt, 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 insttttment, subjtxx to the same terms and conditions.
<br />e. The rights created by this conveyance shall remain in full force attd effect during any pnstpnttetttcnt or
<br />etcterssion of the time of the pay[rurit of the ittdebtedttess evidtmtxd by said promissory [tote or notes,- or any
<br />part. thetrof secured hereby.
<br />f. To continuously maintain hand insurance, of such type or types and in such smouna as-the mortgagee
<br />ttmy from time to time require on the improvemeMS now or hereafter on said property, trod will pay promptly
<br />wheA due any premiums therefor. All insurance shall be carried is companies acceptable to mortgage and thi:
<br />policies and renewers thereof shat} be held by mortgttgec and here acached thereto loss payable c4wses !fl-favor
<br />of sad in form acceptable to the mortgagee. to event of loss, mortgagor wi0 give immediate notice in writing
<br />[n mortgage, acrd mortgage may make proof of loss if not made promptly by mortgagor, and each iasurantx
<br />company concerned is hereby authorized and dirtxted to make payment for such loss directly to mortgage
<br />instead of to mortgagor and mortgagee jointly, and- the insurance proceeds, or any part thereof, may 6e appfied
<br />SY mortgagee at f[s option either to the reduction-of the indebtedness hereby secured or to the restoration or
<br />repair of the property damaged or destroyed. In [vent 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 to any insurance policies then in force shat) pass to the pwchastt or mortgagee or, at the
<br />option of flu mortgagce, may tx surrendered for a refund.
<br />g. To leap all buildings and other improvements on said property in good repair and condition; to
<br />permit, commit, or suffer no waste, impairmrnt, 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 ttected on said premise, or
<br />improvements thereon, in good repair, the mortgagee may make such repairs as in its discretion it may dam
<br />necessary for the proper presmation thereof; and the full amount of zach and every such payment shall be
<br />immediatdy due and payable; atxf shall be secured by the loin of this mortgage.
<br />h. To not voluntarily create or permit to be created against the progeny subject to this mortgage any lien
<br />or liens inferior to the lien of this mortgage without written consent of the mortgagee; and father, that mort-
<br />gagor wilt kzep and maintain the same rrec from the claim of all persons supplying labor or materials for con-
<br />struceion of any and all buildings or improvemrnts ttOw bung erected or to be erected on said premises.
<br />i. Ta not rem or assign any part of the rent of said mortgaged property or demolish, or remove, or
<br />substantially alter any building without the writtrn conscrtt of the mortgage.
<br />j. At! awards of darnaga in connection with any condemnation far public use of or injury to any of the
<br />property subject to this mortgage arc hereby assigned and shall be paid to mortgagee, who may apply the sets.: to
<br />Payment of the irtstalltncnts last due under said Hatt. and mtmgaga is hereby authorised, 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 reasortab[e time.
<br />1. To emnply with the provisions of anY !rase if this !Mortgage is on a leasehold. If this Mortgage is on a
<br />trriit in a catalominium or a pla[ttxd wait deretRpment, &utower shall perform ail of borrower's obligations
<br />artdcr flit dlClara[IOA or COVettants Crtattng or gaveraing the cotidnminium or planned unit devetoparent,tht
<br />by4laws and regulations of the condominium or panned ureit develop[tient, and constituent dotatmettts.
<br />2. Default in any of the covenants or conditions of this isistrumrnt or of the nee or loan ageemrnt secured hereby
<br />shall termi[mte the ttiortgagor's right to posaessioq zest, and rnjoymrns of the property, at the option of the
<br />mtxtgage or assigns. {it being agred that ttu mortgagor shall have such right until defaulE). Upon any such
<br />default, flu mortgages shall become the owner of all of the rents attd proftts atxvring after defeat[ as security for
<br />the ittdtbtedaess secured hereby, with the tight w ewer upon said property for the purpose of collecting such
<br />rests and profits. This ittstrumrnt steal! operate as an assignment of any remals on said property to that extern.
<br />7. if the mttrtgagrtr defaults. and fails to matte aoY payments whey dot or to conform to and comply with tiny of
<br />tAe cattdisioas or ewrtained in this tnartgage or the riorts which. it secures, stem the tmire principal
<br />#~1 aOd aocrsted interet shall at once become due aAd payable, amt draw ~~ Per crm {.1~...;i,.~) interest
<br />tlxs+tsfter uttti! paid at the election of the tttortgagaC acid this mortgage may thereupon be fottxloaed immediatdy
<br />Errs Este whntt of the indtbEedttGts hereby servred, including the cost of extending the abstract of title from the
<br />tine M [his to the tittle of commrntdtrg st~h suit.
<br />l: la the [went of a faradaaarr or defauh as provttled hadri, -tire mortgages shall at oACt be entitled to the por
<br />stun. oats, sad t,aioyratut of the real state aforeaid and to the reAt, isstus, royalties, and profits thereof.
<br />ftEtt~ star s of stach righu and daring-the Perttlarcy of fote'elorure praetedittgs and such poasessiotis, ztc.,
<br />at none be defiverod to ttx rt>.ortgraet-upon rcrqua<st. upon failure suds delivery of such pasststion may be
<br />stt¢fttcced by monggat, by nay apgtxopriatc lQpl ~, indttding a rteaiver for the Prot+tttY~
<br />~. TMrr ~ ctf tmy sale of ! pt~arEy in aetaee with flu preceding Parattraphs shall he applied first to
<br />pay €1pr tdat~a amt xttpt:4Mgt of aatA t1M sttptttt~±ett iraettrrtai by the ttiatgagec for flu purptase of protts,King iar
<br />aced tart~ttg. ~, t4 pta~ the indlnaa aaaured-ttea+>•by; and thadlr, to par any surplus. car
<br />R ttt ttte tlRmaDn of pars eatttled thttrao,
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