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<br />8I--' ~i1291C~
<br />Said {?romiseory !tote was, given to secure a loan in which the Small Bnsineea Administration, an agency of the
<br />United States of--Attteeica,-bas,participated. ,ln compliance .with section- 107.1 (d) of t:.e Rules and Regalationa of
<br />the Snail Business Administration [13 C.F.R. 101.1 (dl J, this inetrutnent is to be construed and enforced in accord=
<br />at-ae with,app$cahie Federal law.
<br />i. 'The mortgagor co+renanu and agrees as follows:
<br />a. He wfiii promptly pity the indebtedness evidenced by said- promissory note at the time- ~ad•_in'the-
<br />mannertberein provided. .
<br />b, Fie will pay all wzes, aseesettietxte; water rates, and other governmental or mtt;.;rjpa3 charges, fitter, or
<br />" impositions, for which provision haeaot been made hereinbefore, and will promptly deliver the'of&eial'reialpt;i"
<br />therefor to the said mortgagee:
<br />• c: lte will p:q' each espensea and fees as may be incurred in the protection and maintenance: of said
<br />property, including- the Eeea of any attorney employed by the mortgagee for the coilectioa of"any or.alI of
<br />the indebtedness hereby secured, or foreclosure by mortgagee's sale, or court lrrceeedings, or in any other-
<br />- litigation°or proceeding aAeeting said property. Attarness' fees reasnnabh• incurred in any othrrwav shall lte
<br />paid by the mortgagor.
<br />d. For better security of the indebtedness hereby secured, upon the request of the mortgagee, ire
<br />successors or assigns, he shall execute and de]iver a supplemental mortgaKe or mortgagee covering any
<br />additions, improvements, or betterments made to the property' hereinaboce described and alt property
<br />acquired by it after the date hereof ~ all in form satisfactory to mortgagee ~. Furthermore, should mortgaKor
<br />fail to cure any default in the payment of a prior or inferior encumbraure on the propertc described by
<br />this instrument, mortgaKor beret}' agrees [o permit mortgagee to rare such default. but mortgagee is uo[
<br />obligated to do so: and such advances shall become part of the indehtrdnrs~ =scared by this instrument,
<br />subject to the same terms and conditions.
<br />.•. The rights crested by this conveyance shall remain in full force and eRect ductal: era} postltunentrnt
<br />or extension of the time of the payment of the indebtedness evidenced b} swirl promissory note ur am" part
<br />thereof secured hereby.
<br />(. lie will coatinuowly maintain hasard insurance, of such type or types and in such. amounts as the
<br />mortgagee may Iron time to time require un the intprovement• nnww ur herraErer un said property, and
<br />will pay promptly when due any premiums therefor. ail insurance shall be carried in companies acceptable
<br />to mortgagee and the policies wed renewals thereof shall be held by mortgagee and have attached thereto
<br />loan- payable dattsea in favor of and in form acceptable to the mortgagce. In event of lass, mortgagor will give
<br />immediate notice in writing to mortgagee, sad mortgagee may make proof of loss if not made promptly by
<br />mot•gagor, and each insurance rnmpany concerned is hereby authorized and directed to make payment forauch
<br />loos directly to mortgagee instead of to mortgagor and mortgagee jointly-, and the insurance proceeds, or any
<br />part thereof, may 6e applied by mortgage at its option either to the reduction of the indebtedness hereby
<br />secured or to the restoraion or repair of the propertc damaged or deatrayed. In event of foreclosure of this
<br />mortgage, or other transfer of tide to said property in extinguishment of the indebtedness secured hereby, all
<br />right title, and interest of the mortgagor in awl to any insurance policies then in force shall pass to the
<br />purchaser oe mortgagtx uq at the optiwt of the mortgaKee, may hc• surrendered fur a refund.
<br />g. Ha will keep all buildings and other improvements otr said property in good repair and condition:
<br />will permit, commit, or auger no w>te, impairment. deterioration of said proper!}' or any part thereoL•
<br />in the event of failure of the motgagos to keep the buildintte oxi said premises. and !boss erected on said
<br />premises, or improvements thereon, in Goal repair, the mortttsgee may make each rrp:.irs as in its discretion
<br />it stay deem necessary for the prol.er preservation thereof: and the full amount of each and every such
<br />payment shall be immediately due and payable: acrd shall be secures! by the lien of [his nwrtRatcr.
<br />h. He will not voluntarily create or permit to be created against the property subject to this mortgage any
<br />lion or lietu inferior or superior to xhe lim of this mortgage without the written consent oC the mortgagee; and
<br />further, that he will kcep and maintain the !.sate Irer trot!! the claittt of alt persons -applying labor a'
<br />nrateriak for comtruetion o[ any and all 6uildioga or imprnventrnts now brink erected or to br erected ou
<br />'" "said premietss.
<br />i. He will not rent ur assign an. part of the rent of .aid mortgaged property or drmnli~h, nr remove,
<br />err wbatantially alter an} building .without rite w'rittrn rwuent ni the mortgal[er.
<br />j. All awards o[ dararges in roaneetion with arty cmulemnation fo.• public rase of or injury to any uC dte
<br />proper!} subject to thts mortgage are Mereby assigned and shalt be paid to mortgagee=-who-may appi}^ the
<br />same to payment of the installments last due tinder said note, and mortgaKee is hereby authorized, in the
<br />°iit<tnr' of the tnortgsgor, tr`execotr-and deliver valid acquittances thereof and to aplrral Irom any such award.
<br />k. •fbe:.trutrtlragec altall have tits right to inspect the ntortttagesl premise{ at any reasntlable tinee•
<br />`E11Glanlt tit ang of ills covenants' or conditions of xhis instrument or o[ the note or loan agreemenx secured
<br />herby, shall terminaxe the mortgagor's right to possession, use, and enjoyment of the property, at the option of the
<br />mortgagee pr his assitCtts (it being agreed that the_mort#nRoe shat) have such right until default). Upon any such
<br />dffwuh• the mortgagee shall become. the owaefr`'af`all of the`tertt- and profixs acarttiag alter default es security
<br />for rho indebiedncaa severed. hereby, with,to~u~~ ttpap-ai~~~ property for the yurpase of collecting such
<br />cents acrd profna. This Instrument stall oparau ar'an rsi~nment ad any rentals on said property to that extent.
<br />sax runes pxs ta.~at
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