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8I,-003152
<br />d. For hater security of the indebtedtteas hereby secured, upon the request of the mortgagee, its successors
<br />or assigns, mortgagor shall execute and deliver a supplemental mortgage or mortgages covering any additions,
<br />improvtments, or 6atermenu made to the property hereinabove described and all property acquired by it after
<br />the daft hereof (all in form satisfactory to mortgagee), Futbertnore, should mortgagor fait to cue spy default
<br />in the payment of a prior or inferior encumbrance on the property described by this instrument, mortgagor hterc-
<br />by agrees to permit mortgagee to cure such default, but mortgagee is not obligated to do so; and such advance
<br />shat! become part of the indt:btedtttss secured by this ittsttvtitettt, subjat to the same terms and conditions.
<br />r. Tlsr rights created by this conveytuux steal! rcirtain in full farce and effect during:any postpotmtnent or
<br />extrnsion of the elute of the paymatt of the indebtalttess evidencaf by said promissory Hate or notes, or- aay
<br />part thereof-soaued hereby. _';_
<br />f. To continuously maintain hazed insuranct, of such type or types and in such amoums as Ehe mtnigaget
<br />may from tiax to time requsre on the improvements now ar hereafter oo said property, scut will pay pcampdy
<br />when due any premiums therefor. All insurance shat! !x carried in campaaies acceptable co mortgagee and the
<br />policies and renewals thereof shat) be held by mortgagee and have attached therao loss payable clauses in favor
<br />of and in form acceptab~ to the mortgages. to event of loss, mortgagor will give immediate notice in writing
<br />to mortgagee, and mortgagee may matte proof of loss if not made promptly by mortgagor, and tech insurance
<br />company rnncerned is hereby authorized and.directtd to malts payment for such loss directly to mortgagee
<br />instead of to mortgagor seed mortgage jointly, and the insurance proceeds, or any part thereof, may be applied
<br />by mortgagee at its <?ptian either to the reduction of the irtdebtedtttss hereby secured or to the restoration or
<br />repair of the property damaged or destroyed. (n event of fareciasure o€ this mortgage, or other transfer of-title
<br />[o said property in utinguishmrns of the indebtedness secured hereby, alt right, tide, and interest of the
<br />mortgagor in and to any insurance policies then in icrce shall pass to the purchaser or mongagte or, at the
<br />option of the mortgagee, may be suncttdercd for a refund.
<br />g. To ktvp all buildings and other improvements vn said property in good repair and- condition; to
<br />permit, commit, ar suffer na wash, itttpairmrnt, deterioration of said property or any pan thereof: in the event
<br />of faiturc of the mortgagor to keep the bui{dings an said premises atsd those erected an said premixs, yr
<br />tmprtnements thereon, in good repair, the mortgagee may snake such repairs as in its discrnion it may deem
<br />ntxessan• far the proper preservation thereof; and the tuft amount aE tech and every such paytttrnt shaA be
<br />imtttediattly due and payable; acrd shall bt secured by the icier of this rnongage.
<br />h. Tv not votuntarrly create ar pcrmtt to be created aQamst the rrof+ttty .ubjctt to this mortgage any lien
<br />ar urns infertar to the lien of zhts mortgage wtthvut wnt[cn zansrnt of the mortgagee; and futhtt, that mort~
<br />gagor will keep seed main,.utt the same tree #ram the ciatm txi all t'efst» supplying labor ar materials for can-
<br />structian of env and all buildings or impracrmrnts now axing rrex red vt to t,e rrtrtrd an said premises.
<br />i. To oar rent ~xr assitta any parr „t the rrrt t?f ~aad mortgaged ;*roperzs or dematish, or remove, ar
<br />substattsiat#y alter arty huilding kithuut the wnttrn consent ai eht mongager.
<br />}. 0.ti awards of damages to conrta~itan with any canttemtaatiart far public zest of or injury to any of the
<br />property subts-t to this martga~ arc hrrttry a~tgned and shall br patd to tnortgaget..vita may apply the same to
<br />paymrnt of the tttstaitrraents East der under ;std Harr, and mortgagee is hereby authorized, in tfie name of the
<br />mortgagor, to eserute and deliver valid a~utttattc-es thereof amt tv appdei from any such award.
<br />k, The tnortgagst shat! have the right to inspect the mortgaged premises at any reasonable time.
<br />t. Ta compty with the provivtans of any bast if the Mortgage a an a leasehold. tf this htongagr is on a
<br />unit to a condominium err a ptantted umt deye}oprient. Harrower .hall perform art of Borrower's obligations
<br />utss~ the dxksatttua ar covenants s•rrating or governing the condomitnum ar ptantatd unit develapmrnt,the
<br />by-tortes are! zt~stattons of the c~ondtxitiniurst ar p#aattrai unre derelopt>3eat, and constitttettt documents.
<br />2. tkfttuh to am, of the coveriinb ar conditions of this instrument ar at the note or loan ageemrnt secured hereby
<br />shad ttrmnrste the mortgagor's right [a possession, zest. and rnjoyrraent of the property, at the option of the
<br />star or atacigsa fu being a=rced that the moregagar shalt have such right until defauhl. Upon arty such
<br />deftttth, the mrxt~ee shall btcaaie the aware of at! of the rents and pesters atxttring after default as security far
<br />the itttktttedtteas ssxwed hereby, with the rtght to enter upon said propterty far the purpose of caikcting such
<br />mats amt profits. Tkis iautummt shall opaale as an assigament of any rrntaLs oa said property to that extrnt.
<br />3, If ttx tnortg~ta defatttts, sad fails to tttatte any peyrruttts molten dear ar to canfornt ro and eom®ty with any of
<br />teat ca~lt'txrrts w agreattents contained in this mtxtgsge w the notes which it secures. than the rntirc principal
<br />awn aexrstesl inttmt shelf aG otxx baornc due and payable, and draw per cent t?~:_~+j interest
<br />therettftg utetii paid at the eketiaa of the motiga xrad this tnartgage may thereupon bt foreclosed immedialtly
<br />fat- the whale of tree itix{ebtsdncis Hereby sactartd. including the cost of rxtrndittg the abstract of title tram the
<br />tttute of thix t>tortgsge to the tirne of comtmrnting stash scot.. ~ Twenty
<br />•. li3 rtes evt~t of a Gissr=iosttre ar ddattkt as provide! htxtin, tlx matseagcc shall at osier be entitled to the pas-
<br />t, tau, sad ta}ayaatm csf the cad estate aforesaid aad to the erne, issv~, royaiti~, and profits thereof,
<br />from the ~ o€ such rigltrs start during the perttttgtt.ry of forecta~atart procccdittgs acrd such txvssessiaits, rte.,
<br />t scat seas bto- dt~t`cred to the ~ upon rogstst, uptm faiturr stilt delivery of sts:h possession inay lie
<br />t~aafactad b7M , by any app~uiate 6trtrccmdit~s. induditsg a rK'eiytr far the property.
<br />S. The prooeads ~ say oak of said property its srccvrtttrac~t with the preceding paragraphs shalt be applied first to
<br />pay ttMs ccisut tsipdtrts of sold cask, the expttrices tr~trreti txy the mong~rae far the purp~tse of prtttectina ar
<br />raid property, saca~ty, to pmt the ids srv-urtd harmtsy: and ttrirdt}, to t~v anr• surpitcs or
<br />tt+tests t<r flee pttctoa or pattwnts itg[ttty trttitttd thereto.
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