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d. For better security of thesndebtedness hereby secured, upon the r~uest tsf the mortgagee, ~ < <trsdxrs
<br />or assigns, mortgagor shall execute and deliver a supgiemrntal mortggage or mortgages covering any additions,
<br />irnprovetnents, or betterments made to the property hereinabave described and all property acquire.: ~ -° ii after
<br />~ the date hereof {all in €arm satisfactory to mortgagee?. Futhermore, shcald mortgagor fail to cure any default
<br />~ m the payment of a prior or inferior encumbrance on the property described by this ins*.nrment, mortgagor herr
<br />~ by agrees to permit mortgagee to cure such default, but mortgagee is not obligated to do so; and such advances
<br />t!b shall become part of the indebtedness secured by this instrurttent, subject to the same terms and conditions.
<br />~ e. The rights created by this conveyance shall remain in full farce and effect during any postponement or
<br />+ extension of the tune of the payment of the indebtedness evidenced by said promissory note or notes, or any
<br />~! part thereof secured hereby.
<br />f. To contimtousiy maintaen hazard insurance, of such type ar 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 ;vill pay promptly
<br />whin due any premiums therefor. All insurance shalt be carried in companies aceepiabte to mortgage and the
<br />policies and renewals thereof shall be held by mortgage and Crave attached thereto loss payable .laustt in favor
<br />of and in form acceptable to the mortgagee. In event of loss, mortgagor will give immediate notice in writing
<br />tct mortgagee, and mortgagee may make proof of loss if not made promptly by mortgagor, and arch insurance
<br />company concerned is hereby authorized and directed to make payment for such loss directly to mortgagee
<br />instead of to mortgagor and mortgagce jointly, 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 severed 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 mortgagce 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, 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 those erected on said premises, or
<br />improvements thereon, in good repair, the mortgagee may make such repairs as in its discretion it may deem
<br />necessary for the proper preservation thereof; and the full amount of arch and every such payment shalt be
<br />immediately 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 con-
<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 os injury to a=ny of the
<br />property subject io this mortgage ate hereby assigned and shall be paid to mortgagee, who may apply the same ro
<br />payment of the installments last due under raid note, and mortgagee is hereby authorized, in the name of the
<br />mortgagor, to execute and deliver valid acquit~tces thereof and to appeal from any such award.
<br />!t, The mor•,gagar s.~li i.?.'r2 tl'~ right to ira5p~'t the Ts_€~aga$ed pretttist<s -eat any re?nable tirne.
<br />I. To comply with the provisions of any lease if this Mortgage is on a leasehold. If this Mortgage is an a
<br />unit in a condominium or a planned unit development, Borrower shall perform all of Borrower's obligations
<br />under the dtclaradon or covenants creating or governing the condominium or planned unit devetopment,the
<br />by-laws and regulations of the condominium or planned 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 />mortgage or assigns {it being agreed that the mortgagor shall have such right until default). Upon any such
<br />default, the mortgagce she!! become the owner of all of the rents and profits atxuring 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 profits. This instrument shall opeeate as an assignment of any rentals on said property to that extent.
<br />3. If the mortgagor defaults, and fails to make any payments when due or to conform 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 />susn xnd accrued interest shall at once become due and payabk, and draw * per cent { 20 %) interest
<br />thereafter until paid at the. election of the mortgagee; and this mortgage may thereupon be foreclosed itmediately
<br />Tor the'whblc of the indebtedness hereby secured, including the cost of extending the abstract of title from the
<br />date of this mortgage to the. time of commencing such suit.
<br />4,. In, che; event, of a, forectosetre.or default as provided hereto, the mortgagee shall at once be entitled to the pos-
<br />session, use, and enjoyment of the real estate aforesaid and to the rent, issues, royalties, and profits thereof,
<br />from-the accruing of such rights and during the pendency of foreclosure proceedings and such possessions, etc.,
<br />shall- $t QJAce -be delivered to tht mortgagee upon request, upon failure such delivery of such possession may be
<br />enforced by mortgagee, by any appropriate legal proceedings, including a receiver for the property.
<br />S. The proceeds of any sate of said property in aceordance with the preceding paragraphs shall be applied first ro
<br />pay. the costs and. expenses of said sale, the expenees incurred by the mortgagee for the purpose of protecting or
<br />mitintainiag said property, secondly, to pay: the indebtedness secured hereby; and thirdly, ro pay any surplus or
<br />excess to the person or persons kgally entity thereto.
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