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r <br />81-ll~`~852 <br />d. For betttt security of the indebtedness hereby sectttrd, upon the request of the mortgagee, its successors <br />or assigns, mortgagor shalt execute and deliver a supplemental mortgage or mortgages covering any additions, <br />improvements, or betterments made to the property hereinabove described and all property acquirtxl by it-after <br />the date hereof (all in fnrm satisfactory to mortgagce). Futhermorc, should mortgagor Fail to cure any default <br />in the payment of a prior or inferior encumbrance on the property described by frs instrument, mortgagor-here <br />by agrees to permit mortgagce to cure such default, but mortgagee is not obligated to do so; and -such advances <br />shalt become part of the indebtedness secured by this instrument, subject to the same terms. and conditions. " <br />e, The rights created by this conveyance shall remain in full force and effect during any postponement or <br />extension of the time of the payment o€ the indebtedness evidenced by said promissory .note or notes, or -arty <br />part'thereof secured hereby. <br />f. To continuously maintain hazard insurance, of such type or types and in such amounts as the mortgagce <br />may from time to timt require on the improvements now or hereafter on said property, and will pay promptly <br />when due any premiums therefor. A11 insurance shall be carried in companies acceptable to mortgages 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 acceptabk to the mortgagee. In event of loss, mortgagor will give immediate notice in writing <br />to mortgages, -and mortgagee may make proof of loss if not made promptly by mortgagor, and each insurance <br />company conccrrred 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 [he indebtedness hereby secured or to the restoration or <br />repair of the property damaged or destroyed. In event of foreclosure of this mortgage, or other transfer or 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 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 />perrait, 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 iu disttetion it tray deem <br />necessary for the proper preservation thereof; and the full amount of each and every such payment shall be <br />immediately due and payable; and shall be secured by the Lein of this mortgage. <br />h. To not voluntarily create or permit to be created against the property subject to this mortgage any lien <br />or liens inferior [o the lien of this mortgage without written consent of the mortgagee; and father, that mort- <br />gagor will keep and maintain tht same free from the claim of all persons supp-ying tabor or materials for con- <br />suuction of any and aft buildings or improvements now being erected or to be erected on said premises. <br />i. To nest rent or assign any nart of the rent of said mortgaged property or demolish, or remove, or <br />substantially alter-any building without the written consent of the mortgagee. <br />j. All awazds of dat~.ages in connection with any 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 installments last due under said note, ant mortgagee is hereby authorized, 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 reasonable time. <br />I. To comply with the provisions of any lease if this Mortgage is on a leasehold. If this Mortgage is on a <br />unit in a condominium or a planned unit development, Borrower shall perform all of Borrower's obiiganons <br />under the declaration or covenants creating or governing the condominium or planned unit development,the <br />by-laws and regulations of the condominium or plan._ed unit development, and constituent documents. <br />2. Default in any of the covenants ae conditions of this instrument or of the note or loan agcement secured hereby <br />shelf 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 oC the rents and profits accuring after default as security for <br />the ittdebtedoess secured hereby, with the right to enter upon said property for the purpose of collecting such <br />rents and profits. This instrument shall operate as an assigtunent of any rentals on said property to that extent. <br />3. if the mortgagor defaults, and fails to make any pay~tttents when due or to conform to and comply with any of <br />the conditions or agreements contained in this mortgage or the notes which it secures, then the entire principal <br />sum and accrue! interest shall at once became due and payable, and draw * per cent ( *_.°10) interest <br />thereafter until paid at the elation of the mortgagee; and this mortgage may [hereupon be foreclosed immediately <br />far the whole of the indebtedness hereby secured, including the cost of extending the abstract of title from the <br />date of this mortgage to the time of comrttr*ncing such suit. * 18 above C.N.B. Prime adjusted <br />Lhe 1st day of each. tnantlt, <br />4. 1n tt~ event of a foreclosure or default as provides herein, the mortgagee shall at once be entitled to the pos- <br />session, use, and enjoyment of the real estate aforesaid and to the rent, issues, royalties, and profiu thereof, <br />from the accruing of such rights and during the peudency of foreclosure proceedings and such possessions, etc.., <br />shall at ones be delivued to the rnartgagee upon request, upon failure such delivery of.such possession may be <br />eafarced by mestti~. by any appropriatt legal proceedings, including a receiver for the property. <br />S. Tfu procceds of any sak of slid property in arcordanu with the preceding paragraphs shall be applied first to <br />pay the costs atul expenses of raid sale, the expcnces incurred by the tnartgagee for the purpose of protecting w <br />rnaitttainittg said property, stcattdly, to pay the irtdcbtedness secured hereby; and thirdly. to pay any surplus nr <br />excess [a the ptrsort ar persotu legally cntiped ttierefo. <br />