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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 supplements! mortgage or mortgages covering any additions,
<br />improvements, or betterments made to the property hereinabove described and al! property acquired by it after
<br />the date hereof (all 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 mortgagee is not obligated to 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 />part thereof secured hereby.
<br />~ f. To continuously maintain hazard insurance, of such type or types and in such amounts 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. AI! insurance shat! be carried in companies acceptable to mortgagee 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 acceptable to the mortgagee: In ecem of }oss, mixtaagor will give immediate notice in writing
<br />to mortgagee, and mortgagee may m~k~ t;r~of ~rf loss it not made promptly by mortgagor, and each insurance
<br />company concerned is hereby authorized and directed to make payment for such loss directly to mortgagee
<br />instead of to mortgagor and mortgagee ioint;y, and the insurance proceeds. or any part thereof, 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 properrv damaged or destroyed. !n carol of foreclosure of this mortgage, or other transfer of tide
<br />to said property in extinguishment of the indebtedness ,rcured hereby, alt right, title, and interest of the
<br />mortgagor in and to am' irsuranee policies then in force ,hall 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 .n 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 tf,ose erected on said premises, or
<br />improvements thereon, in good repair, the mortgagee may make such repairs ss in its discretion it may deem
<br />^ecessary 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 oat volumarily create or permit to he created against the property subject to tots mortgage any lien
<br />or liens interior to the lien of this mprtgage without written. consent of the mortgagee: and (other, that mort-
<br />gagor will keep and maintain the same free from the claim of al! persons ,applying labor or matena!s for con-
<br />struction of any and all buildings or tmprovements now being erected or w he erected on said premises.
<br />i. To not rent or a~z'^n any par[ of the rent of said mortgaged property cr demolish, or remove, ur
<br />substantially alter any building without the written consent of the mortgagee.
<br />j. ,~It awards of damages m connection with any condemnation for public use of or injury to say of the
<br />property subject to this mortgage are hereby assigned and shall be paid to mortgagee, who may apply the same [o
<br />payment of the installments last due under said note, and 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 [he mortgaged premises at any reasonable time.
<br />t. To comply with the provisions of any !rase if this ;vtortgage is on a leasehold. if this Mortgage is on a
<br />unit in a condominium or a planned unit development, Borrower shall pert-orm all of Borrower's obligations
<br />under the declaration or covenants creating oe governing the condominium or planned unit development,the
<br />by-laws and regulations of the condominium or planted unit development, and constituent documents.
<br />2. Default in any of the covenants or conditions of this instrument or of the note or loan ageement secured hereby
<br />shall 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 Bach right until default). Upon any such
<br />default, the mortgagee shall become the owner of all of the rents and profits assuring after default as security for
<br />the indebtedness secured hereby, with the right to enter upon. said property for the purpose of collecting such
<br />rents and prof its. 'This instrument shall operate as an assignment of any rentals on said property to that extent.
<br />3. if [hr mortgagor drfautU, and Fails to make any payments when due or to confornt 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 />stun and accrued interest shalt at once become due and payable, and draw,Twenty per cent (20.0 g'u} interest
<br />thereafter until paid at the election of the mortgagee; and this mortgage may thereupon be fareclosed imcned•,ately
<br />for the whole of the indebtedness hereby secured, including the rns[ of extending the abstract of title from the
<br />date of this mortgage to the time of commencing such suit.
<br />4. !n the event of a foreclosure or default as provided herein, the mortgagee shall at once be entitled [u the pos-
<br />session, use, and enjoyment of the real estate aforesaid and to the rent, issues, ror'alties, and profits thereof,
<br />from the accruiag of such rights and during the pendency of fore,;tosure proceedings and such posscs~ions, etc..
<br />shall at once tee delivered to the mortgagee upon request, upon tailure such delivery of ,uch tiusscssiun may he
<br />enforced by mortgagee, by any appropriate legal proceedings, including a receiver for the property.
<br />5. "the proeccds of any sale of said property in accordance with ttse preceding paragraphs ,bait he applied ttrst u?
<br />pay the costs and rslxnses of said sale, the expenses inevrred by the murtgat;ec iur th~~ tiutpusC ut ptut.~t~t.g ur
<br />nraimaining said property. secandly, to pay the mdrbtedness vecured hereby; ;tt:d tfutdiy, to pay ;nti sutpiu~ ex
<br />excess to tht pet son er ~€suns legally entitled thereto.
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