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<br />d. for better security of the indebtedrtess hereby +~cured. upon thr rerclutst at' the mortgagee, its surcessarrs
<br />a assigns, mortgagor sltail execute and deriver a sumiplrmetttal rruxrgaJte err mtxtgages covering any additianas,
<br />improvements, or betterrrunta rreade to the property Htereinabove described and all txoperty acquired by it after
<br />the date hereof fall in form satrsfactorp to tttortgageC„ futherntore, show mortgagor fail to care any default
<br />in else payment of a prior nr iaftrtar ettcumbrattct on tip praPaty described by this itlsirttment, mortgagor here-
<br />by agrees to permit rsxxtgagee to curt such default. but mottgagee is not obligated to do so; and such advances
<br />shall become part of thtsndebtedttecs sxttrtd 6y this instrumrnt. subj~ to the saint terms and canditiot[s_
<br />c, The rigbzs created by this conveyance shah remain in full force and effect during any postponement or
<br />ezteasicxt of the time cf the payment of the indrbtedttess evidenced by said promissory note or notes, ar arty
<br />part elureaf secured hereby.
<br />f. To catuintsottsly maintain hazsrd snsurance, of such type ar ty~ acrd in such amounts as the mortgagee
<br />may frc~ tithe to tutu requirr on the improvements now yr hereafter on said Property. and wiq pay Promptly
<br />when due any premiums therefor. 4i! insurance shall be carried in companies acceptable to marlga$ee and the
<br />policies and renewals thereof shall be hey by mortgagx and have attached thereto loss payable ctattses in favor
<br />of and in form acceptable to the rrtortgagce. In n°ent of loss, mortgagor will give immediate notice in writing
<br />[a morlgagee, and morlgagee may mate proof of toss if not made promptly by morlgagor, and each insurance
<br />company ~.mttrned is hereby authorirtd anti directed to make payment far such loss dirxtly to mortgagee
<br />instead of to mortgagor and mortgagee jomrh•, and the insurance proceeds, or any part thereof, may be applied
<br />by mtxigaaee at Its opnon euha io the reduction of the Indebtedness hereby secured or to the restoration or
<br />repair of the peotterty damaged rx destroyed. In event of foreclosure of this mortgage, w other transfer of title
<br />to ss~ property in extinguishment of the indebtedness stcured hereby, act right, title, and interest of the
<br />mortgagor in acrd ro any Insurance policies then in force shall pass to the purchaser or mortgagee or, at the
<br />option of the mtxtgagee, may be surrendtred far a refund.
<br />g. To keep all buidings and other improvemrnis on said properly in goad repair and condition; to
<br />permit, commit, or suffer no waste, impairmrnt, de[erioration of said property or any part thereof; in the event
<br />of failure of the mortgagor to keep the buildings vn said premises and those erected on said premises, or
<br />imp*ovements thereon, in good repair, the :nortgagte may make such repairs as in its discretion it may deem
<br />ttecessaty for the proper preservation thereof: and the full amount of each and rvery such payment shall be
<br />immt~iately due and paxnbie; and shall ~ secured t+y the ]tin of this mor*.tiage.
<br />h_ To noz voluntanly create yr permit to he created against thr property wbject to this mortgage any Lien
<br />or Betts inferior to the lien of this mortgaftr without written cvnsent of the mortgagee; and father, that mort-
<br />ftagor will keep and maintain the same irre from the claim of all penons supplying labor or materials for con-
<br />struction ui any and all buildings or imprcvements now being erected or to be erected on said premises.
<br />i. To not rent ur assign any part of the rent of said mortgaged property ur demolish. or remove, nr
<br />substantialty alter any buildrrg without the written consent of the mortgagee.
<br />~. Ali awards a: dantaga in 4ontttt-tlon with any <ondemttation for public use of or injury to any of the
<br />Praperry sub)ect to ihts mcxtgage art hereby assigned and shall be paid to mortgagee, who cony apply the saint to
<br />payment of the ittstaitments last due under said note, and mortgagee is hereby authorir`ed, in the name of the
<br />mortgagor, to eserute and delsver solid acyuiuanccs thereof and to appeal from any such award.
<br />k. Thi`. mortgagee Shall hatie the light to i[iSpeCt the mortgaged prtrrtiSCs ai any Cra5c3lEat}li Elmt.
<br />i. "l'o cettnply wait the F.rovisiona of any ice: l this ~#artgagt is ctrl a ieasehakl. if this lvlortgage is nn a
<br />unit in a cottdotnitsittrrt su a ptanrted unit atvtlvpmtnt, lsorrowtr shah perform aii of Borrower`s obligations
<br />u>~er the declaration or covenants creating or governing the condominium or planned unit developmrnt,tht
<br />by-laws and reguiatians of the coadomirrittm or planned unit development, and constituent docvmrnts.
<br />2. Default in any of the covenants or conditions at this ittstrumcnt or of the note or loan ageement secured hereby
<br />shall terminate the mortgagor's eight to possession, use, and enjoymrnt of the property, at the option of the
<br />atortgaiyte or essigsss,(u being. agreed that the mortgagor shall have such right until default). l;pon any such
<br />defauk, the mortgagee shah become the owrur of all of the rents and profits accttring after default as security for
<br />the inddxtxltuss secured hereby, with the right to enter upon said property for the purpose of collecting such
<br />rents and profits. This ittstrutneni sitaii operate as an assignment of any rrntals on said property to that rztent,
<br />3. 1f ttu tnartgagar defaults, aml fails to make nay J~pmtnts when due ar to conform to and comply with any of
<br />the r#fic~ts or agretmettu contained in this mortgage ar the notes which it secures, !hen the rmire prittoipal
<br />aed atx:rued intltrist shall ai once become due and payable, and draw . * ~ per cent (...211_5.ge) interest
<br />thertatfts~r trtdil paid at tha eletatinn of the mtxxgaget; and this mortgage may thereupon bt foreclosed immediately
<br />fs'st ± wht+le ~ the i~~= htseby stxuttd. ittclttdittg the east of ettttmling the abstract of title from the
<br />rhdt of tlt~ mosigaSs to the circa of t:arnrtten.^ing such suit. *'t~aency and tine ltlsl f
<br />4. [a t~¢-~ of a far~Omtus ur default as prori~d herein, the tnongaget shall at once be rntitll~, to the txta-
<br />srPti~tn, tttie, a1~ end of t#tt real estate afcNesaid atuJ ra the rear. issues, royalties, and profits thereof.
<br />6ro~ the accruing of wch rights oral during the ptmdency of foreclusure practedings and such poasessivns, etc.,
<br />~ at tt~e ate d~ to the tnortgagse uprtrt request, upon failure such delivtty of such possession may bt
<br />ettftttttaed by ~, try arty appropriate legal praaetlirtgs, Including a receiver far the prvperty,
<br />S. T!~ peon rsf arty sale of said property In ac-~ordancr with the preceding paragraphs .hall be applied first to
<br />gay tha ~_.~,+~+~+ tsf said ±, the rst'a+~.~» incurred by the titortgager tvr tier purptase vt prs~nung or
<br />- PraspertY, seCtly, to pity the ittdebtttd stxrtred hetztty; acrd thirdly, to pay any <arpius or
<br />fkata to tlsr perenn or perms, trgallY enutttsl ttterlto.
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