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1 <br />81._t)t-359~ <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 deliver a supplemental mortgage or mortgages covering any additions, <br />improvements, or betterments made to the property hereinabove described and all property acquired by it after <br />the date hereof (ail in form satisfactory to mortgagee). Futhermore, should mortgagor fail to cure any default <br />in the payment of a prior or inferior encumbrance on the property described by this instrument, mortgagor here- <br />by agrees to permit mortgagee to cure such default, but mortgagce is not obligated [o do so; and such advances <br />shall 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 of the indebtedness evidenced by said promissory note or notes, or any <br />pan thereof secured hereby. <br />f. To continuously maintain hazard insurance, of such type or types and in such amounu as the mortgagee <br />may from time to time require on the improvements now or hereafter on said property, and will pay promptly <br />when due any premiums therefor. All insurance shall be carried in companies acceptable to mortgagee and the <br />policies and renewals thereof shall be held by mortgagce and have attached thereto loss payable clauses in favor <br />of and in form acceptable to the mortgagee. [n event of loss, mortgagor wilt 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 attd directed to make payment for such loss directly to mortgagee <br />instead of to tnongagor and mortgagee jainily, and the insurance ;,rocerts, ar any pan *.hereof, may be applied <br />by mortgagee at its option either to the reduction of the indebtedness hereby secured or to the restoration or <br />repair of the properly damaged or destroyed. In event of foreclosure of this mortgage, or other transfer of 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 />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 premiss, or <br />improvements thereon, in good repair, the mortgagee may make such repairs as in its discretion it may 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 !ten of this mortgage without written consent of the mortgagee; and futher, that mort- <br />gagor will kcep and maintain the same free from the claim of all persons supplying tabor or materials for con- <br />struction of any and all buildings or improvements now being erected or to be erected on said premises. <br />i. To not rent or assign any part 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 awards of damages in connection with any condemnation for pubhe use of or injury to any of the <br />property subject to [his mortgage 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 [he name of the <br />mortgagor, to execute and deliver valid awuittances thereof and to appeal from any such award. <br />k. The mortgagce shall have the right to inspect the mortgaged premises at any reasonable time. <br />1. 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 alt of Borrower's obligations <br />under the declaration or covenants creating or governing the condotinium or planned unit development,the <br />by-laws and regulations of the condominium or planned unit development, and constituent documents. <br />2. Default in any of the covenanu of 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 [he <br />mortgagee or assigns (it being agreed that the mortgagor shag have such right until default). Upon any such <br />default, the mortgagee shall become the owner of sit of the rents and profits securing after default as security for <br />[he indebtedness 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 assignment of any rentals on said property to chat extent. <br />3. If [he mortgagor defaulu, and fails to make any payments when due or to confa:m to and comply with any of <br />the conditions or agreements cotrtained in this mortgage or the notes which it secures, then the entire principal <br />sum and accrutd interest shall at onto become due and payable, and draw * _ per cent (20 _ t) %) interest <br />thereafter until paid at the election of the mortgagce; and this mortgage may thereupon be foreclosed immediately <br />for ttte wtioie 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 commencing such suit. *Tventy and No1100 <br />•, Irs the event of a fateelosure or default as provided 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 profits thereof, <br />from the accruing of such rights and during ttte pendency of foreclosure proceedings and such possessions, etc., <br />shall at Once be delivered to the mortgagee upon request, upon failure such delivery of such possession may be <br />enforced by martt~#t$sc, by any appropriate legal proceedings, including a receiuer for the property. <br />5. The procceds of any salt of said property in accordance with the preceding paragraphs shall be applied first to <br />paY the costs and expenses of said sate, the expcrtces incurred by the mortgagee for the purpose of protecting or <br />ttt~rstaining satd property, secondly, to pay the indebtedness secured hereby; and thirdly, to pay any surplus or <br />~tcess in the perion ar persons legally entitt~ ihcreto. <br />