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<br />d. l'or better security of the indebtedness hereby secured, upon the request of the rnartgagec, its successors
<br />or assigns, mortgagor shall execute and deliver a suppltmental mortgage or mortgages covering any additions,
<br />improvements, ar betterments made to the property hereinabove described and all property acquired by it after
<br />the date hereof {alt in form satisfactory to mongagce}. Futhermore, should mortgagor faiE to cure any c:.~=,~ak
<br />in the payment of a prior or inferior encumbrance on the property described by this instrument, mortgagor here-
<br />by a,;rees to permit mar#gagse to cure such default, bat mortgagee is not ob#igated to do so; and such advances
<br />shalt become part of the indebtedness secured by this instrument, subject to the same arms and conditions.
<br />d. The rights created by [his conveyance shall remain in fuH force and Affect 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 />j78rC'thdreof secured hereby.
<br />f. To continuously maintain hazard insurance, of such type or types and in such amounts as the mortgagts
<br />may from time to time require on the improvements now or hereafter on said property, and will pay promptly
<br />whtn dne any- premiums therefor. Ail insurance shall be carried in companies acceptable to mortga3a and the
<br />poliei~ 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 evc.it of loss, mortgagor will give immediate notice in writing
<br />to mortgaged, and mortgagee may make proof of loss if not made promptly by mortgagor, and each insurance
<br />company concernal is hereby authorized and directed to make payment for such loss dvect[y to mortgage
<br />instead of to mortgagor and mortgagee jointly, and the insurance proceeds, or any part thereof, may be applied
<br />by mortgaged at its option either to the reduction of the indebtedness heroby secured or to the restoration or
<br />repair of the property 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, commie, 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 premises, or
<br />improvetncnts thereon, in good repair, the mortgagee may make such repairs as in its discretion it may deem
<br />ntcdssary for the proper preservation thereof; and the full amount of each and every such payment shall be
<br />immaliately due and payable; and shall be secured by the loin 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 to the lien of this mortgage without written consent of the mortgagee: and father, that mort-
<br />gagor will keep and maintain the same free from the claim of all persons supplying labor or materials for coo-
<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 public use of or injury to any of the
<br />protxrtY subject to this mortgage are hdrebY assigner and shalt. bd paid to mortgagee, who-may apply the same to
<br />payrttent of the instaWitdnu test due under said note, and mortgagce is hereby authorized. in the name of the
<br />mortgagor, to execute and delivu valid acquittan+ecs thereof and to appeal from any such award.
<br />k. Tt-e tt~rtgat£ee shad hand the right to insp~t the mortgaged premises at any reasonable time.
<br />1. To comply with the provisions of any tease if this Mortgage is on a i~tsdhold. tf this Mortgai`te is ore a
<br />unit in a oondominium or a planaal unit development, Borrower shall perform all of Borrower°s abtigatiotis
<br />under the declaratioa or covdnart4+ creating or governing the condominium or planned unit development,the
<br />by>laws aad rqu~tioaa of the candominittm or planned unit development, acid constituent dacumenta.
<br />2. Default is any of the covenants or conditions of this instrument or of the note ar loan ageement secured hereby
<br />shalt termiaate the ttwrtgagor"s right to possession. use, and enjoyment of the property, at the option of the
<br />mortgage or assigwt (it 6eiag agreed that the mortgagor shall have such right until defaulp. Upon any such
<br />defauh, the mortgagee shall becirtiid the owner of all of the rents and profits ao:uring after default as security far
<br />the rodebtertaess s+e~ur~ !1erdhy, with the right to enter upon said property for the purpose of colketing such
<br />rents and profits. This instrument shalt operate as an assignrndnt of any rentals oa said property to that extp-t.
<br />3, tf the mortgagor defaults, sad. falls to make any payments Whoa due or to oon(orm to and comply with any of
<br />the Patna or agreements contained in this mortgage or the notes which it sewres, then the entire principal
<br />sum-and atxrued interest shrU at ana baeatie due and payable, sad draw * per ant { * i'~) interest
<br />tlt~ft~' uRtit pttld at the electron of the mortgagod, and this mortgage may thereupon be forsclosdd irttmediatdly
<br />---- -
<br />ftu ttie whole oC the iadebtedntxs htrdby secured, including the Boat of extending ttie abstract of title from t e
<br />date of thin mortgage to ille time of commencing such suit. *Intere~t to float. 3i bslor ~.t3,G BaQe
<br />Rate ad~uated quarterlyt 111, 4/11 ~~~~,
<br />ip, the dvmt of a focdcWaure or default as provided hdrsin, tbd morigttgee shall at are bd entitled to the poh
<br />s~ipn, rue, rsod dt~oywRet of the real estate aforesaid and to the rent, issues, royalties, and profits thueof,
<br />from the a~ccrtting of sia:h riglus and doting t!x pdtiddncy of fortctoaurd praadding=s and such possessioiia, ere.,
<br />. sh~11 at once tx detieecad to the mortgaged upon reQueu, upon failure snob ddivcry of such possession may be
<br />~1'gactd by rtaortgrtgee, by any appropriate Idgal prvcsediags, including. a raeiver Fur the property.
<br />S, The proceeds of sny said of said property in acoordante with the preceding paragraphs shall be applied first [o
<br />p!ay the costa a~ t of said. sale, t~ espencea l~'urrdd by the mortgagee for tfie purpose of protecdnp, ur
<br />m~rtataiaieli raid property, s~oadly, to pay the itiddt+~a soured hereby: and thirdly, to pay any surplus or
<br />ex to ttie person or perscitis ~auy tntitlyd thy.
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