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d. For better security of rite indebtedness ltereby secured, upon ~~te reo~uest csf the mortgage'e', its surcess~nrs
<br />or assigns, mortgagor slo~all exert,~ate and deliver a supplemental mortgage or mortgages covering any additions,
<br />improvetents, or betterntents rtiade to 1'.he property ixreinabove d*ib tired all property acga:~. ~ " ~ it after
<br />~ the date hereof fall in torch satisfactory to mortgagee). Futhermore, sl-+ould mortgagor fail to cure any defauft
<br />Ili in tier. ~yrtteri of a prior or inferior encumbrance on the property described by This instrument, mortgagor here-
<br />by agrees to permit mortgagee to cure such default, but mortgagce a not obligated to do so; and such advances
<br />!t'3 shah become part of the indebtedness secured by this instrument, subjec4 to the same terms and conditions.
<br />."~ e. The rights created by this conveyance shah remain in ful," force and effect during any postponement or
<br />1 extension of the tithe of the payment of the ittdebtaSness evidenced by said promissory note or notes, or any
<br />r~ part ther~f secured hereby.
<br />~` f. To continuously maintain hazard insurance, of such type or ryp~ and in such amounts as the mortgagee
<br />may from time to time require on the improvements now or hereafter on sold property, and will pay promptly
<br />when due any premiums therefor. Ali insurance shall be carried in companies acceptable to mortgagce and the
<br />policies and' rernwals 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 evem of loss, mortgagor wifl give immediate notice in writing
<br />to mortgagee, and mortgagee may make proof of loss if not made promptly by mortgagor, and each 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 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, 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 oa said premises, or
<br />improvements thereon, in goad repair, the mortgagce may make such repairs as in its discretion it may dam
<br />necessary for the proper preservation thereof; and the full amount of each and every such payment shalt be
<br />immediately due and payable; and shall be seared by the lein 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 wilt keep and maintain the same frce 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 or injury to any of the
<br />property subject to this mortgage are hereby assigned and shalt be paid to mortgagee, who may apply the setae to
<br />payment of the installments last due under said note, and mortgages is hereby authorized, in the name of the
<br />mortgagor, to execute and deliver valid acquittances thereof and to appeal from any such award.
<br />k. The «.ortgaga shall have the eight to inspect the mortgaged premises at any reasonable time.
<br />1, To comply with the provisions of any lease if this Mortgage is on a leasehold. if this l4fortgage is on a
<br />unit in a condominium or a planned unit development, Borrower shall perform all of Borrower's obligations
<br />under the declaration or covenants creating or governing the condominium or plannai unit developtttent,the
<br />by-laws and regulations of the condominium or planned unit development, and constituent documents.
<br />2. Uefauit in any of the covenants or conditions of this instrument or of the note or loan agament secured hereby
<br />shalt 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 aay such
<br />default, the; mortgagee shall become the owner of alt of the rents and profits aceuring 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 operate as an assigmnent of any rentals on said property to that extent.
<br />3. !f the mortgagor defaults, and fails to make any payments when-due or to conform to and comply with arty of
<br />the, conditions or agraments rnntained in this mortgage or the notes which it secures, then the entire principal
<br />sum and accrued interest shall at once become due and payable, and draw .1g,~f1 per cent (.19..i1N~) interest
<br />tlteareafter tmti! paid at the election of the mortgages; and this mortgage may thereupon be foreclosed immediately
<br />for the whole of zhe indebtedness hereby seared, including the cost of extending tote abstract of title from the
<br />date of this- mortgage to the time of commencing such suit.
<br />4, In,iht.tvent of a fpeclacurt or default as providal herein, the mortgagee shall at once be entitled to the pas-
<br />sessoa, list: and enjoyment of the seal estate aforesaid and to the rent, issues, royaltits, and profits thereof,
<br />from the accruing of such tights anti during the pendency of foreclosure proceedings and such possessions, etc.,
<br />shall at once be deGversd to the mortgage upon request, upon failwe 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 proeeCds of -arty safe of said property in accordance with the preceding paragraphs shat! be applied first to
<br />pay ehs cts_ atttl eagensss of said sale, the expenses incurred by the mortgagee for Lire purpose of pratevting or
<br />srmi~ sale! property, secsrndly. to pay the itdebtedness secured hereby; and thirdly, to pay any surplus ctr
<br />exams to Lhe ~tson or psraons legally entitled ihere~o.
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