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<br />d, Fix better security of the ittdebttxintsx hereby aes:uaed, upon the rtyusst of tat= mort~gag~t, its successors
<br />or a~igsu, mortgagor shalt execute and deiivsr a suppieun~emal mortgage or tnortgagtr,> coveriin~,', ~~any additi,
<br />iraprtrvernertts, ~ betterttresrts made to the propMy hereinabove described and a[1 property acquired by it after
<br />the dies heretsf fall ist fors satisfactory to mortga~). Futherrrtnre, should mortgagor fail to cure arty default
<br />in the paynxnt of a prior or inferior encumbrance on ttx property described by this instrument. mortgagor here-
<br />try agues to permit rnitrt$agee to cure such defauh, btrt mortgagee is not obligated ca do so; and such advances
<br />ate beexmx part of the indebtedness secured by this ittstrutnent, subject to the same terms and conditions.
<br />e. Tire rights created by this conve}•attce shall remain in full force and effect during any postponement or
<br />etstngrrfla of tits tittle of the paymrnt of flee indebtedness evidestced by said promissory note os notes, or arty
<br />port thereof secured hereby.
<br />f. To contittttot:sty maintain hazard insurancx, of such type or types and in such amounts as the mortgagtx
<br />tsay frost time to lime regt[ire on the improvemrnts now or hereafter on said property, gad wail pay promptly
<br />where due any premiums therefor. Alt insurance shah be carried in companies atxeptablz to tttortga~e and the
<br />policies asd recxwats thereof shalt be held by morigagce and have attached thereto less payable clauses in favor
<br />of and. in form at:ceptable to the mortgagee. In event of loss, mortgagor will give immediate notice in writing
<br />to mortgagee, and mortgagee may make: proof of loss if not made promptly by mortgagor, and etch insurance
<br />company costcersxd is hereby authorized and directed to make payment for such loss directly to mortgagee
<br />instead of to mortgagor acrd mortgagee jointly,. and the insurance proceeds, or any part thereof, may be applied
<br />by mortgages at its option tither to the reduction of the indebtedness hereby secured or to the restoration or
<br />repair of dx property damaged or d~troyai. In even[ of foreclosure of this mortgage, or other transfer of title
<br />io said }xoperty in extinguishment of [he indebtedness secured hereby, all right, title, and intuest of the
<br />trurrtgagor in attd to arty insurance policies than in force shall pass to the purchaser or mortgagee or, at the
<br />option of the mortgagee, may be sutmtdtred for a refund.
<br />g. To kcep all buildings and other improvements on said property in good repair and condition; to
<br />permit commit, or suffer no wash, impairment, deterioration of said property or any part thereof; in the event
<br />of failure of tits mortgagor to keep the buildings on said premises and those erected on saki premises, or
<br />improvestteata thereon, in good repair, the mortgagee may make such rtpairs as in its discretion it may deem
<br />necessary frzr the doper preservation thereof; and the full amount of tech and every such paYmrnt shall be
<br />itttssedrattiy due and payable: acrd shall be soured try the fain of this mortgage.
<br />h. To ttrH sotumariry create or permit to he created against the property subject to this mortgage any lien
<br />or lusts inferior to the lien cif this mortgage without written consent of the mongaget: and futher, that mort-
<br />gagor will keep and maintain the same free from the claim of aH persons supplying labor or materials for con-
<br />steuction of any and all buildings or improvements now being crated or to be erected on said premises.
<br />i. To not rem ctr assign any part of the rrnt of said mortgaged property or demolish, or remove, or
<br />sulystantia4`y alter any building without the written consent of the mortgagee.
<br />j. All awards of damaIIts in eormecTtion with any condemnation for public use of ix injury to any of the
<br />property s•,tbj~t to thrs nrortgagt ase hereby assitinecl and shall be paid to mortgagor, who trtaY apply the same to
<br />pttStitertt of the instailtttmts fast duo under said note, and mortgagee is hereby authorized, in eht name of the
<br />tn,Qrtor, to cxer.~ttte strd deriver valid as~.}uittancss thereof and to appeal from any such award.
<br />k. The mortgagee snarl have Ehe rtgltt to ittspecE ttte mortggged premises at any reasonribre tittle.
<br />t. ~o comply with the pros~s~s of any t tt tht;..'t~lpr~gage is vet a lsltord. !f this 43vtt~ag_t is s>n a
<br />unit fa a corsdominium or a planutd unit development, t3orrower shall perform all of Borrower's obligations
<br />uttdet tht declaration or covettanu creating or governing the condomrtdum or planned unit development,ttx
<br />lry-laws and regu}ations of the condominium or planned unit developttxnt, ate consatttrnt dcttwtttrnts.
<br />2. Qefault in any of the covenants or cotuiitt`oas of thrs iststruEtxnt or of the note or loan ageemrnt secured hereby
<br />shall tertainats the mortgagor's right to possesshyn, use. and enjoyment of [he property, at the option of the
<br />rtg[igae or assigns fit being agreed that the tstorigagar shat) have such right uatil defauU). Upon any such
<br />clrfauk. the mortgagee shoe} bccoate the owner of art of the rents and profile aa~uring after default as security for
<br />fix rndebudness socurai hereby. whit the right to enter upon said property for the purpsse of collecting such
<br />rents and profits. This instrument shah opuau as an assignment of any rentals on said property to that extent.
<br />~. If the tnrrrigatgot defaults, acid fails to make any payments when dot or [o conform to and comply with any of
<br />the ~ or agreements contaititd in this mortgage or the tortes which it secures, then the eatire principal
<br />stem said tucctret+.ki interest shah at trace become due and payable, and drs:w __ '~ per cent (20.5 °rl interest
<br />t-~~ft~ tt~sri at t~ thaGtirnt of tht tnorigaget; and thrs mortgage may thereupon be foreclosed immaliately
<br />fear t veftirl; of fix u~ hereby stxvred, including the cost of extendistg the abstract of tilt= from the
<br />diets of thfs ta~ortgage to the time of commestcing such suit, * fiwenty and 5(3/lei()
<br />A, 3s the avast oL a furaelmturt or ddatttt as proyidad htxsin. the n-ortgag~ shall at otue be entitled to tht pos-
<br />u~, etid eajoyntent of she coal estate aforesaid and to the rrnt, issues, royalties, and profits thereof,
<br />ft~ tlt,e accruing of such rights and duristg she pendem~y of foreclosure pr+xeedings and stitch possessions. etc.,
<br />s at o~ be ddlivered to fix martyla#s+c upon rtstlaest, upon failure such delivery of such poustssron may tx
<br />anforsaad b)+ ~ by any aPPr+Wt~ ~ pratxedlsig~s. irtchtdistg a receiver for the property.
<br />a, $2tE proses of arty sale of property in araurdanoe wtih the preceding paragrapfu shall be appiieti first to
<br />pelt! flee t and of saki . cite ~ itt€urred by ttx n~tttag=e for the purge u6 prr>fectitta or
<br />- _ # property. fdly. to pay efts itttlsbtsdtt[rss sh-usal hereby: anf thirdly, [o pay env surplus or
<br />etcet~ to the txrsctn ~ f'~ lsitally atttit3cai itxseto.
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