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y~ ~,r~ '4i~'°i~ij .3 .~. °iv d, por better security of the indebtedness hsry secured, union the reiqutsr of rlie martga?ee, tic suc~sss~ars or assigns, mortgagor shall cxecutt and dsliver a supplemcmal morggage asr mort~zs cavzring any addirons, improvements, or betterments made to the property Itsretnabove described end a[I props?v acquired by it of*.ef the daft hereof (ail in Torsi satisfarto~ to morgageei. F~~Girrmorc, should mortgagor fait to elite any default i-n the payment of a prior ~ irf~ior rit-umbranct on the property described by this instrument, mortgagor here by agrees to permit mcmga3cc to cure such default, but mortgagee is not obligated to do sa; and sucia advances shall become part of the ittdrbtedncss secured by this instrument, subject to the same terms and condirions. c. The rights crested by this conveyance shad rernain in full force and effect during any post,,,nemen! or extension of the tints of the payment of the indebtedness evidenced by said promissory note or Worts, or any part thereof secured hereby. f. To continuously maintain hazard insurance, of such type or types and in such amounts as the mortgagee may From lima to time require on the t<~ttpraeemants now OF hereafter an said property, and will pay promptly when dot any premiums therefor. Alt insurance shall be carried in ^_ompanies actxpGabie to mortgagee and the policies and renewals thereof shalt be held by mortgagee and have attached thereto toss payable clauses in favor of and in form acceptable to the mortgages. in event of loss, mortgagor will give immediate notice in writing to mortgagce, and mortgages may make proof of loss if not made promptly by mortgagor, and each insurance company concerned is hereby authorized artd directed to make payment for such loss diretxly to mortgagee instead of to mortgagor and mortgages jointly, and the msurance proceeds, or any part thereof, may be applied by mortgagce at its option either to the reduction of the indebtedness hsrcby secured or to the restoration or repair of the property damaged or destroyed. in evens of foreclosure of this mortgage, or other transfer of title to said property in extinguishment of the indebtedness secured hereby, all right, title, and interest of the mortgagor in and to any insurance policies then in force shall pass to the purchaser or mortgagee or, at the option of the mortgagee, :nay be surrendered for a refund. g. To keep all buildings and other improvements on said property in good repair and condition; to p~rRlit,_ cnmmit3 nr coffer nQ w~StS-, ipr~pairrttEnt, ~tSriQr~,=ign of cad nrnn~ty nr ~y ng_n th~gof; in tFi~ SYE-nt of failure of the mortgagor to keep the buildings on said premises and those erected on said premises, or improvements thereon, in good repair, the mortgagee may make such repoirs as in its discretion it may deem necessary for the proper preservation thereof; and the full amount of Bitch and every such payment shall be immediately tine and payable; and shall be secured by the lein of this mortgage. h. To not voluntarily create or permit to be created against the properly subjece to this mortgage any lien or liens inferior to the lien of this mortgage without written consent of the mortgagee; and father, that mort- gagor will keep and maineain the same free from the claim of all persons supplying labor or materials for con- struction of any and all buildings or improvements now being erected or to be erected on said premises. i. To not rent or assign any part of the rent of said mortgaged property or demolish, or remove, or substantially alter any building without the written consent of the mortgagee. j. AU awards of damages in connection with any condemnation for public use of or injury to any of [he property subject to this mortgage art hereby assigned and shall be paid to mortgagee, who may app-y the same to payment of the installments last due under said note, and mortgagee is hereby authorized, in [lie name of the tntirtgagor, to execute anti deiivcr valid acquittances Thereof and to appeal from any such award. k. `The mortgagee shall have the right to inspect the mortgaged premises at any reasonable time. i. To comply with the provisions of any lease if this Mortgage is on a leasehold. If ibis Mortgage is an a unit in a condominium or a planned unit development, Borrower shall perform all of Borrower's obligations under the declaration or covenants creatiH, or governing the condominium or planned unit development,the by-laws and regulations of the condominium or planned unit development, and constituent documents. 2. Default in any of the covenants or conditions of this instrument or of the nose or loan agcetnent secured hereby shall terminate the mortgagor's right to possession, use, and enjoyment oti the property, at the option of the mortgagee or assigns (it being agreed that the mortgagor shall have such right until default). Upon any such default, the mortgagee shall become the owner of all of the rents and profits accuuing after default as security for the indebtedness secured hereby, with the right to enter upon said property for the purpose of collecting such rents and profits. This instrument shall operate as an assignment of any rentals on said property to that extent. 3. If the mortgagor defaults, and fails to make any payments when due or to conform to and comply with any of the conditions or agreements contained in this mortgage or the notes which it secures, then the entire principal sum and accrued interest shall at once become due and payable, and draw "__ per cent (19,5%) interest ther~fter untU paid at the election of the nioregagce; and this mnor<gagc may thereupon be foreclosed immediately ftx +~ who!a cr t_h: indebtedn~. hereby seM,tred, iticludersg tits cost of extendang the abstract of title from the date-of this mortgage to the time of commencing SUCK suet. * tdineteen and OnejIialf 4 In the event of a foreclostue or defaulE as provided herein, the mortgages shall at once be entitled to the pos- n, use, oral enjoyment of the real estate aforesaid and to the rent, issues, royalties, and profits thereof, from the accruing of such rights and during the pendency of foreclosure proceedings and such possessions, etc., shaii-at once be delivered tp the mortgagee upon request, upon failure such delivery of such dossession may be enforced by mortgages, by any appropriate legal proceedings, including a receiver for the property. S. The proceeds of any sale of said property in accordance with the preceding paragraphs shall be applied first to pay €ha costs and of said sate. the e;<penees incurred by the mortgagee for the purpose of protecting or tttalniainln$ said property, secondly, to pay the indebtedness secured 'Hereby; and thirdly, to pay any surplus ae exec to the person or persons ILgally entitled thereto.