<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.
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