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<br />81-'~}[127~~
<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 ddiver a supplemental mortgage or mortgages covering any additions,
<br />improvements, or betterments made to the property hereinabove described and a{l property acquired by it after
<br />the date hereof (all in form satisfactory to mortgagce). Futhermore, should mc.ngagor fail to cure any default
<br />in the payment of a prior or inferior encumbrance on the property descr,'bcd by this instrument, mortgagor here-
<br />by agrees to permit mortgagee to cure such default, .but mortgagee is not obligated [o do so; and such advances
<br />steal! become part of the indebtedness secured by this instrument, subject to the same terms and conditions.
<br />e. The rights created by this rnnveyance sfiall remain in full force and effect during any postponement or
<br />extension of the time of the payment of the indebtedtess evidenced by said promissory note or noes, or arty
<br />part thereof sectrred hereby.
<br />f. To continuously maintain hazard insurantx, of such type or types and in such amounts as the mortgagee
<br />may from time to time require on the improvements now or hereafter on said property, and witl pay promptly
<br />when due any premiums therefor. All insurance shat! be carried in companies acceptable to mortgagee 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 Gwent of loss, mortgagor will give immediate notice in writing
<br />to mortgagee, and mortgagee 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 sticlt loss directty to mortgagce
<br />instead of to mortgagor and mortgagee jointly, and the insurance proceeds, ar any part thereof, may be applied
<br />by mortgagce 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. (n event of foreclosure of this mortgage, or other transfer of title
<br />to said property in extinguishmem 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 mortgagee or, at the
<br />option of the mortgagee, may be surrendered for a refund.
<br />g. To keep all 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 those erected on said premises, or
<br />improvements thereon, in good repair, the mortgagee may make such repairs as in its discretion it may deem
<br />necessary for the pro-~er preservation thereof; and the full amount of each and every such payment shall be
<br />immediately due and payable; and shall be secured 6y the Lein of this mortgage.
<br />h. To not voluntarily create or permit to be created against the preperry 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 will keep and maintain the same free from the claim of all persons supplying labor or materials for con-
<br />struction of any and ail buitdirga or improvements now being erected or to be erected en said premises.
<br />i. To not rem or assign any part of the rent of said mortgaged property or dtmolish, or remove, or
<br />substantially alter any building without the written consent of the mortgagee.
<br />j. Ail awards of damages in connection with any condemnation for public use of or injury to any of the
<br />property subjex.t to this mongage are hereby assigned and shalt be paid to mortgagee, who may apply the same to
<br />payment of the installments last due under said note, and mortgagee is hereby authorized, in the name of the
<br />mortgagor, to execute and deliver valid acquittan::es thereat and to appeal from any such award.
<br />k. The mortgagee shall have the right to inspect the mortgaged premises at any reasonable time.
<br />L To comply with the provisions of any lease if this Mortgage is on a (easehoM. if this Mortgage is on a
<br />unit in a condominium or a panned unit development, Borrower shall perform all of Borrower's obligations
<br />under the declaration or covertants creating or governing the condominium or planned unit development,the
<br />by-laws and regulations of the condominium or plamted unit development, and constituent documents.
<br />2. Default in any of the covenants or conditions of this instrument or of the note or Loan agcement secured hereby
<br />shall terminate the mortgagor's right to possession, use, and enjoyment of the property, at the option of the
<br />mortgagee or assigns {it being agreed that the mortgagor shall have such right until default). Upon any such
<br />default, the mortgagee shall become the owner of all of the rents and profits securing after default as security for
<br />the indebtedness sctivred hereby, with the right to enter upon said property for the purpose of collecting such
<br />rents and profits. This irtstrutneht shall operate as an assignment of any rentals on said property to that extent.
<br />?. (f the mangagor defaults, and fails to make any payments when due or to conform to and comply with any of
<br />the cottditioas or agreements contained in this mortgage or the notes which it secures, then tfie entire principal
<br />sum and accrued interest shall ai once become due and payable, and drew • per cent (.,~`)_..2?%s) interest
<br />thereafter until psis! at the election of the mongagee; and this mortgage may thereupon be foreclosed immediately
<br />for the whole of the ittdabatdness hereby sttvred, including the cost of extending the abstract of title from the
<br />date of this mongagr to the time of commencing such suit_ Y *aineteer,
<br />d. In the event of a foreclosure or default as prorided herein, the rtrortgagee shall at .tnce be entitlai to the pos-
<br />setsion, rue, and enjoyment of the real Mate aforesaid and to the roar, issues, royalties, and profits thereof,
<br />from the accruing of such rights and during the pendency of foreclosure proceedings acrd such pos<sessiuns, etc.,
<br />snail at once be dtiivered to the mortgagee upon request, upon failure such delivery of such possession may be
<br />enforced by mortgagee, b} azty appropriate legal proceedittgs, inclttdirtg a receiver for the property.
<br />S. The ptoeeects of any sale of said ptop<rty in accordance with the pres:eding paragraphs shalt he applied first to
<br />pay the Gaeta and cap€tt of ;aid sale, the ecpences irtcu.=teti by [hr mortgagee fur the p urpusc of prole, ling or
<br />maintainittg said property, sectrndiy, to pay the indebtedness secured hereity; and third3y, ru pas any >urpiua .x
<br />cactzs ter tltc psrxon sx' persorti legally entitled thereto,
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