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81''` 00351.7
<br />d. For better security of the indebttdttess hereby secured, upon the request of the mortgagee, its successors
<br />ar assigns, mortgagor shall extxv[e and deliver a supplemental mortgage or mortgages covering any additions,
<br />improvements, or betterments made to the property hereinabave described and all property acquired by it after
<br />the date hereof Qatt in form satisfactory to mortgagee). Futhermare, should mortgagor fail to cure any default
<br />in the payment of a prior or inferior encumbrance on the property dwscribed by this instrument, mortgagor h~re-
<br />by ag[t~ in permit tnartgagtx to cure such default, but mortgagee is not obligated to do so; and such advances
<br />sh~li lr~ame part of the indebtedness secured by this irtstrttment, subject to the same teeters and conditions,
<br />e, The rights cseattd by this eonveyanct shall remain in foil force and effect during any postponement or
<br />exteraion of the tune of the payment of the indebtedness evidenced by said promissory note ar notes, or any
<br />ilteieof sectired hereby.
<br />`. ~`o contintwusly maintain hazard insurance, of such type or types and in such amounts as the mortgagee
<br />tray from tune to time require on the improvements now or hereafter on said property, and will pay promptly
<br />wfien drat any premiums therefor. AH itrsurattce shalt tx carried fin companies acceptable to mortgsga and the
<br />policies atop renewers thmnf shalt be held by mortgagee and have attached thereto lass payable clauses in favor
<br />. of and,io farm axcptabk to the mortgagee. In event of lass, mortgagor wilt glut immedsate nntitx in writing
<br />to mortgagee, and mortgagee may make proof of loss if no[ made promptly by mortgagor, and each insurance
<br />company rnncerned is hereby authorized and directed to tnakc payment for such lass directly to mortgagee
<br />instead of to mortgagor and mortgagee jointly, .and the insurance proceeds, or any part thereof, may be applied
<br />as eaa '?7r'i:.StiiT'b-s~=c,~.` ,.... -, ...k :: _ _ _ w~ ~{,.. ~~_ _ _ -.6e aNnn nr ,_~-
<br />repair of t:tt property damaged cx dresroycd. In event of foreclosure of this mortgage, or other transfer of tick
<br />to said property in extinguishment of the indebtedness secured hereby, al! right, title, and interest of the
<br />mortgagor in and to any ittsuranu policies then in force shall pass to the purchaser or mortgagee or, at the
<br />optinet of the mortgagee, may be surrcndtred for a refund.
<br />ft. To keep al! buildits r}~ and other 3mpravemettYS an said property in gnarl repair and condition; [o
<br />permit„ commit, or suffer nn waste, impairment, duvioration of said property ar any part thereof; in the event
<br />of failure of the mortgagor to keep the buildings an said premises and those emceed on said premises, or
<br />improvements thereon, in good repair, the mortgagee may make such repairs as in its discretion it may deem
<br />nasssary for the proper prt:unatian thereof; and the full amount of each and every such payment shall be
<br />immediately due and papabit: and shalt be sccttred by the rein of this mortgage.
<br />h. To nai sotunianty create or permit to to created a}ptinst the property subject to this mortgage any Tien
<br />err hens tnfenor to the !tart ref this tncut~ce without w~tten ccrnscmt of the mon@.agce; and futher, that morb
<br />gaga Witt keep and mar-3in the coerce fret frexn the sEaim of alt persons ~;tapptying labor ar materials far con-
<br />struction of ant and at! butWin}ts of tmprtxvcments now being caned ar to br erected on said premises.
<br />i. To nix rent ar assign any pan of tttt rent of said mortgaged property ar demolish, or rctnovc, ar
<br />substantially alter any buiWiag wuhout the aruten consent of the mortgagee.
<br />}. Ail awards of ~ to cnnntcuan with am rurtdtmnation for public use of or injury to any of the
<br />property subject to this rtarrtgaae arc hereby assigr~d once shall be paid to martgagr, who toot apply the same to
<br />paytrttttt of the instalirMnts last due under said ante, and mortgagee is hereby authorized, in the name of the
<br />rnttnga{or, to execute sad dctivu valad acqurttanccs thereof atta# to appear from any such award.
<br />lee The mortgagee shaft have the right to iYxsptxt flat awsrtgag«i prentisrs at any reasonable time.
<br />1. Ta raroply wuh the pravisiorxs of any least if this Mortgage is on a leasehold. if this Mortgage is on a
<br />unit in a cotulratutnium or a ptaruxd unit development, tf~rower shalt perform all of tiorrnwtr's obligtuinns
<br />utukr eht dtc'ia:atisnt ar cuverrats creating or govatting the caruinnunitim or planned unit developtnent,[he
<br />by-tawF and r~ of the cottdomirium ar planned unn dt+xlopmtnt, and constituent documents.
<br />2. Default in arty of the covenaau or conditions of this instrument or of the note ar loan ageemtnt secure! hereby
<br />shall tetrnitaate the rtaortgsgvr`s right to par;sessia4 use, attd enjaytadtt of the property, at the option of the
<br />mo: or a3sigas leis rain= agreed that the rtNxtgagm shaft have such right until defatdt}. Upon any such
<br />default, the nm~rtgaget shall btcaaie the awrtter of all of the rents and profis accuring after default as security for
<br />the irtiftFttdlttass secured httrtby, with tree right co rnter utxrn said property for the purpaae of collecting such
<br />renu and prafifs. This ittsutttaettt shalt operate as an assignment of any rentals au said property to that extent.
<br />3. if the mortgagor defaults, attd fails to make arty paymcrtts whin dot ar to conform to and camjrly with any of
<br />tl~ rrnat~tioms car agntents carttaisud itt this tttartgage or the ntues which it secures, then the entire principal
<br />aim atgd ttceTUed itt shtUi at twee become due and payable, and draw pet cent (~__.?rei imertst
<br />tittt'eatter tuutil gawk at the election Of the mnrtga~ attd [his mortgage mat t{xreupnn be fnrtelosed immesiiatelY
<br />ft~ fire whttk of the: i~a hereby secured, ttstiudtng the Cast oC extatdtng the abstract of trek from the
<br />decor of thla rr~rtgage to riot time of cotnmetac~:tg such suit.
<br />•, iA.tttt.etrcm of • ftaritc&tatue ~ deftsult as ptoxixial 3tatzin, the rrtangaga shall at atux bt.tntit{ed to the paa-
<br />tt~ sad etsjayrtxnt o[ the rm! putt- afnretwhi attd to the rent. issues, royalties, and profits tixreol;
<br />ft ~ attcrt of €arch right earl dttrit'tg tiae ~y of tnrtclc~ttre pt°octt~tlin~t and sucft pcustssians, rte.,
<br />t itt agpt 9s didl+ered to the male taptm rtsltstsl, upon !allure such delivery of stu~lt possession tray be
<br />t~oroed lay ~, key arty aliatt ~ prtxaadilal}s, itarlttdittg a rtcciver far th+e property.
<br />3. ~'lra oeda ar# arty sale of said property in atrnt+dtu~e with the preceding paragraphs shall be applied rust to
<br />~aay,tar amt's of hind axle. the ~ ittcttrred by flu` trtosigagte few the fuxpose at protecting or
<br />cud prt~erty, ~S', t4 Fury tits ittdebdorltteus secstrrtd hereby; and thirdly, to pat ant surplus ar
<br />tt+! the Pm'smn or peracxq sky thtstia3 ah.
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