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81- ~E32565
<br />d. For better security oP the indebtedness hereby secured, upon the requc~t of'the mortgage, its successors
<br />or assigns, mortgagor shelf execute and deliver a supplemental mortgage or mortgages covering any additions,
<br />improvements, or bettetinents trade to the property hereinabeve described and all property acquitsd by iY offer
<br />the date her~f (aU in form satisfactory to mortgagee). Fulhermore, should tnortgagtx fail to cure'any default-
<br />in the payment of a prior or inferior encumbrattee oa Cite property described by this insirtirnent, mortgagor hare=
<br />6y agrees to permit mortgagee to cure arch default, • but mortgagee ;s not obligated to do 30; and such adt~ittik3 -
<br />shall become part of the itfdriutedness secured by-this instrument, subject to- the xerms-and costiitAns.
<br />e. The rights cleated by this ConveyatfCe shall tetrtain in foil force and effecC during any postptpttttuent or'
<br />extettsioiu of the tirnt of the payrtfent of the indebtedness evidetfced by said promissory. nt>u or npfas, or airy,
<br />pelt thereof st+cttred hereby. ,
<br />f. To continuously maintain hazard insurarfa, of such type or types-and. in such amounts as she'-irur[tgsgx
<br />may froth ti>~ to titm ixquire on the improvements now or hereafter on said property. and. wilt PaY- p~pnY
<br />when dot any premiums therefor. ,All insurance shall be carried in ctmtpanies acaeptabk to mortgages aruC the
<br />polities and renewals thereof shall be held by mortgagee and have attached thereto ions payable clauses iii favor
<br />• of and in form atxxptabk to the mortgagee. In event of loss, mortgagor wait give immediaue nom in writing.-
<br />to mortgagee, and mortgagee may make proof of toss if not made promptly tsy mortgagor, -and each itfsuratux
<br />company cotttxarted is txreby authtairtd and directed to rnakt payment for-such loss directly to mortgaget
<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 />repair of the property damaged ar destroyed. In event of foreetosure 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 shall pass to the purchaser or rnortgagce or, at the
<br />option. of the mortgagee, tray be surttrndtred for a refund.
<br />g. Ta keep all buildings acrd ottra improvements on said property in good repair and condition; to
<br />permit, commit, or suffer no waste, impairment, deterioration of said property or arty part thereof: in the evens.
<br />of faifttre of life mortgagor to leap the buildings on said premises and those erected on said premises, err
<br />improvemdits thereon, in good repair, the mortgagee may make such repairs as in its discretion it may deem
<br />rtoctssary for the proper preservation thereof; and the full amount of each and every such oayment shall be
<br />immediately due and payable: and shall be secured by the lean of this mortgage.
<br />h. Ta not vofuniariiy create or permit to be created against the property subject to this mortgage any lien
<br />or liens inferior ro the lam of this ,tortgage without written consent of the mortgagee; and futher, that mort-
<br />gagor wilt kelp and tnaimain the saint ftce from the claim of alt persons supplying labor ar materials for cott-
<br />stnfction of any and iii buildings or improvements now being erected or to be erected an said premises.
<br />i, To tent rrnt or assign any part of the rent of said mortgaged property or demolish, or remove, or
<br />substantially after any building without the written consent of the mortgagee.
<br />j. Ail awards of damages in canturtion with any corfdtmnatitra for public use of or injury ro any of t:;e
<br />property subject to this mortgage err hereby assigrxcl attd shelf be paid to mortgagee, who tray apply the same to
<br />paymaft of the instailttfmts last dtae under sa[d note, and mortgagee is hereby authorized,. in the name of the
<br />mortgagor, to exa~tfte and deliver .valid acquittances thereof and to appeal from-any such award.
<br />k. The rttortgagee shall have the right to ittcpect the rnartgaged premises at any rtaso»able time.
<br />t. To wmpiY with the provisions of any lease if this Mortgage is on a leasehold. If .this Iviortgage is an a
<br />unit in a condominium or a ptanrted unit development, Borrower shaA perform aft of borrower's obligations
<br />tftxkr the doelaratioa a covenants crating or governing the cc>redominium or planned unit developmem,thr
<br />by-laws seed regulations of the corrdomirtium or pluftmd unit devtloptamt, attd constituent da;uments,
<br />1. Default In any of the covenants o- conditions of this instrument or of the note or loan ageement secured hereby
<br />s1taH ttvminate rite mortgagor's tight to possession, cue, and enjoyment of tl~ property, at the option of the
<br />ttgagee or assigns fh lreing agreed that the mortgagor sha12 have such right until defauiy. Upon any sue:h
<br />detach, the. t~rtgaga shalt became ttx owner of aft of the rents and profits accruing after default as security for
<br />rise indebtadtxss secured hereby, with life right to inter upon said property for the purpose of catln:[ing such
<br />rdtts and profits. This. instrument shall operate as an assignment of any rmtaLs on spirt property to that extent.
<br />3: if the mortgagor defaults, and fails to make any paytnrnts whin due or to conform to and comply with any of
<br />the ursditiow or agrestnettts coxftained is this mortgage or the tfott's which- it secures, then the enti;t principal.
<br />~t sttd aaaued iMtrect sltail ai once btcaxmt due and payable, and draw * per cent ( 18.OtAt) interest
<br />until paid mt.tNe eiectioa of the enongagee; and this mortgage Wray thereupon be foreclosed itnmsdiateiy
<br />for the whole of thre ittdt~edtftss hereby set~tred, ittclttding the cost of extending the-abstract df tits; from the
<br />date of this rnar~tgage to the time of eoounenpng such suit. +Eighteen 8ercent
<br />~ ip tkt? tvcaut of a fortetdssare or tiafiwlt as provides( ttereirf, the murtg{fgte strati at of>t.'e be etstitkd to tilt ptfer
<br />utar, attd es}stytta~tt of tlfe reef tstatt aforesaid. and to the rent, issues, royalties, sad=profits thutaf,
<br />fsotm the-acaert of atilt rights-and duiittg late ~+ of forcclosurt proettdings and such possessiosas, rec.,
<br />t± ttg owe her d~tvttcs0 to lixi agptititfg~ ,upon rtqurst, uPs2n feature strt:h delivery of str<cif possession tray bt
<br />hY ~?.. by my a{rlaropreatm >~ ptvt~, itf Jfuffng a receiver for the-propttty.
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<br />Tttc of say atfk td eau! plopariy in atesrrd0tu~ whit tier prt:cedirfg paragraphs shall- be $pplitd first to
<br />ptly tier aat;ts ittt$ ram ~ said sale, the rapetwts irttturtal by the morn for the purpose of prtucxxing or
<br />ra+ttitrtttt~satpt laid- }tt'c;tet't), ~ROautllr, tit pay tttc itt~tbtadrt!~ts- ti~urra# het,tb~: ash thirdly, to pay snYr sut~zlus or
<br />fir dire parst>~t est. E ~' Ctftitiftl ttttr#p,
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