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<br />81--002636 <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 nxnrtgages covering any additions, <br />improvements, or lxttermetus made to the property herdnabove described and all property acquired by it after <br />the date hereof (allsn form satisfaMOty to mortgagee), t:athermore, should mortgagor fail to cure any default <br />in the paytncnt of a prior or inferior encumbrance on tfit propmy described by this instrumem, mortgagor here- <br />. by agrees to permit mortgagee to cure such default, bui mortgagee is not obligated to do so; and such advances <br />Shari bteorne part of the indebtedness secured by Ihis iflsttument,. subject-to the same terms and- conditions. - - <br />c, The rights orated by this rnnveyantx shall remain in full force and effect during any postporterrttnt or <br />eittsaaion of -the tithe of the payment of the indebtedtte:.cs evidenced by said promissory note or nn~s, or any <br />- part thereof secured hereby. <br />f. To continuously maintain hazard insurance, of such type or types and in such amounts as the mortgages <br />may from tirrx to tint require on the improvements now or hereafter on said property, and will pay promptly <br />molten due arty premiums thtrefor. All insurance shall be carried in companies aaxptabk to mortgages and the <br />policies and rertewaLs thereo€ shall be hdd by mortgagee and have attached thereto loss payable clauses in favor <br />of aad in form acceptable to the mortgagee. [n event of loss, mortgagor will give immediate notice in writing <br />to mortgagee, and mortgagee may make proof of toss if not made promptly by mortgagor, and each insurance <br />company contxrned is hereby authorized and directed to make payment for such loss directly to mortgages <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 or destroyed. to event of foreclosure of this mitrtgage, or other transfer of tick <br />to said property in cztinguishment of the indebtedness secured hereby, all right, titk, and. interest of the <br />tttortgagor in and ro any insurance policies then in force shall pass to the purchaser or mtmgaga or, at the <br />option of the mortgages, may be surrendered far a refund. <br />g. To keep all buildings and other improvements on said property in good repair and candition• 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 those erected on said premises, or <br />improvements thereon, in good repair, the mortgagee may make such repairs as in its discrnion it may dam <br />rtecassary for the proper preservation thereof; and the full amount of each and every such payment shall be <br />immediatdy due and payabk; and shall be secured by the kin of this mortgage. <br />h. To not voiuntari-y create or permit to be created against the property subject to this mortgage any lien <br />or Betts inftrior to the lien of this mortgage without written consent of the mortgagee; and father, that mort- <br />gagor will keep and maintain the same free from the claim of all persons supplying labor or materials for con- <br />suu"sion of any alai all buildings or improvetaersts now being erer-ted or to be erected on said premises. <br />i, To not rtnt or Assign any part of the rent of said mortgaged property or demolish, or remove. or <br />subst:rtuttly aher any building without the written consent of the mortgages. <br />j. All awards of damages is connection with :.try condemnation for public use of or injury to any of the <br />property subject to this mortgage are hereby assigned and shall be paid to mortgagee, who may apply the same to <br />payment of the imtaltments last dtu under said trots. anti mortgagee is hersby authorized, in the name of the <br />mortgagor, to exec-lets aced ddiver valid acquittances thereof and to appeal from arty such award. <br />k. The mongaga shall have the right to inspttt the mortgaged premier at any reasonable time. <br />!. Ta comply with the provisions of any lost if this Mortgagees on a kasehold. tf this Mortgage is on a <br />unit in a condamirtium or a planned unit devetopmrnt, Borrower shall perform al! of Borrower's obligations <br />urtdtr the dertaratian or covenants creating or govgrni[tg the condomittittm or planned unit devetopment,tht <br />by-taws attd reguiatit>ns of the condantinium or planned unit dtveloprtreat, attd coastitutxtt documrnts. <br />2- Defauh in any of the coversants or conditions of [leis irutrtttr~rtt or of the [tote or loan ageetaent secured hereby <br />stud terttsitute the mortgagor"s right to p~session, use, and enjoyrlUW of the property, at the option of the <br />tttor~$a or assi$as tit being asraett chat the mortgagor stall have such right until default). Upon any such <br />dtfatttt, the trtortgr~ee strati become lets owner of ail of the rents and profits accvring after default as security for <br />the ir~efiiedness seextred hereby, with the right to enter upon said property For the purpose of collating such <br />rta#s ttr~ praftts. Tttk itttxrtmtmt shall operate as an ssstgomtrtt of aay rentals on said property to that erttent. <br />3, tf rotor dtfa$tts, and faits to makt any payments whin dttc or to conform to and comply with aay of <br />the ~ or attr~eeoaents contained in this rnnrtgsge ar the notes which it secures, the [he entire priruipal <br />tit aus'rued interest sEtag at tnta basrtae due and payable and -draw per ant (..14,,,~Ys) interest <br />ttttler antil ptid ~ the ekctian of the mortgages; attd this rnarigags may thereupon be foreclosed imrneti«ately <br />ft3t ma whir of the inks htsetry secured, inetttdhtg the cost of e>stetding the abstract of title from the <br />dtge of thin tmott~e to the time of c~ttmauncing such suit. *itineteen and ones-ha3f Percent <br />+~ Its thts ev+attt ttf a-fceadt~trs cx dtfsnh as provided htreirt, the tnortp~Ce shall- at once be entitled to tlu pos- <br />.turd ~ of c1x real cotta atore~i and to the rent. issues, royalists, and proftts thereof, J <br />ft-tell ate{ ttf s~ t~€ta aiKt during tltt pt+ of f~tctasttrr proceedings and such passessioa+, etc., <br />t 7t~_!aestr ~ dtttitd to tlta ~ aptm request, trptm fa#turt stxh delivery of such possession may be <br />~Y ; try -ty>psopthtta)~ptl prne~t~diFtgit, ii>~ a re~vtr tar the pr apertY. <br />S- 'T~a ~ of a[ty sak of std prpperty in aooo€dat3ttge with itre preceding para(traptts shall be applied first to <br />poi ells Comet sad ~ of _ tbt titptrbcer imtatrreit by the ~` far lets purpose of proeecting fir <br />-t±!tlHttaiiat4~ *:t;prtty, traty; to pal!--slat intedrtga sewed htr+eby and thirdly. to pay any surplus or <br />ed~rs ttt tlh? pelt or pry kt;atly rntit)cr! tltrto. <br />