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d. Far better security of tl!tc indetrtedaess heretsy ser.^~~rt~t, upon the request of the monaragce, iss suaccessrars
<br />or assigns, mortgagor shall execute and deliver a supplemental mortgage or mortgages covering any additiasns,
<br />improvements, or betterments made to tlve property hereittabove deseriib~i gad all p-=aperty a:,quired by it 'after
<br />the date hereof (all in farm satisfactory to morggagce). Futherrrtore, shcrtsld mortgagor fail to cure any default
<br />in the payment of a prior or inferior encumbrance on the property described by this instrument, :n€- `~agor here-
<br />F+. by agrees to permit mortgagee to cure such default, but mortgagee is not obligated to do so; and such ~.dvanxs
<br />)n- shah become part of tits indebtedness secured by ibis instrument, subject to the same terms and eonditiorts.
<br />C`~i'
<br />~ e. The rights created by this conveyance shall remain in foil force and effect during any postponement or
<br />J extension of the time of the payment of the indebtedaess evidenced by said promissory note or notes, or any
<br />part thereof secured hereby.
<br />f. To continuously maintain hazard insurance, of such type or types and in sash amounts as the mortgages
<br />~"t may from time to time require on the improvements now or hereafter on said property, and wiL` pay promptly
<br />~ when due any premiums therefor. Ali insurance shall be carried in companies acceptable to mortgage and the
<br />policies 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. [n event of loss, mortgagor will give immediate notice in writing
<br />t0 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 direcely to mortgagee
<br />instead of to mortgagor and mortgagee 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. [n event of foreclosure of this mortgage, or other transfer of title
<br />to said property in extinguishment of the indebtedness secured hereby, alt right, title, and interest of the
<br />mortgagor in and to any insurance policies then in force shat! pass to the purchaser or mortgagee or, at Lhe
<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 ihereof• in the evem
<br />of failure of the mortgagor to keel 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 rosy deem
<br />necessary for the proper preservation thereof; and the full amount of each and every such payment shall be
<br />immediately due and payable; and shall be secured 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 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 *.he rent of said mortgaged property or demolish, or remove, or
<br />substantially alter any building without the written consent of the mortgagee.
<br />j. Ail 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 shall be paid to mortgagee, who may apply the same to
<br />payment of the installments last due under said note, and mortgagee is hereby authorizer!, in the name of the
<br />mortgagor, to execute and deliver valid acquittances thereof and to appeal from any such awazd.
<br />k. The mortgagee shall have the righ€ t;: inspect the mortgaged premises a[ any reasonebie time.
<br />1. To comply with the provisions of any tease if this 4tortgage is on a leasehold. if this 1Llortgage is on a
<br />unit in a condominium or a planned unit development, Borrower shall perform all of Borrower's obligations
<br />under the declazatioa or covenants creating or governing the condominium or planned unit development,the
<br />by-laws and regulations of the condominium or planned unit development, and constituent documents.
<br />2. lkfault 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 />mortgagee or assigns (it being agreed that the mortgagor shall have such right until default'. Upon any such
<br />defaWt, the mortgagee shall become the owner of all of the rents and profits accruing 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 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 />sum and accrusd interest shall at once bernme due and payable, and draw * per cent (;<Q..4_ele) interest
<br />thereafter until paid ai the election of the mortgagee; and this mortgage may thereupon be foreclosed immediately
<br />for the whole of the indebtedness hereby secueed, including the cost of extending the abstract of title from the
<br />date of Lhis mortgage to the time of commencing such shit. *Twenty
<br />4. In the event. of a foreclosure or default as provided herein, 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 at once be delivered to the mortgagee upon request, upon failure such delivery of such possession may be
<br />enforced by mougagee, by any appropriate legal proceedings, including a receiver for the property.
<br />5. The proceeds of any sate of said property in accordance with the preceding paragraphs shall be applied first to
<br />pay the costs and expenses of said sale, the expenses incurred by the mortgagee for the purpose of protecting or
<br />maintaining said property, secondly, to pay the indebtedness secured hereby; and thirdly, to pay any surplus or
<br />excess to the person or persons legally entitled thereto.
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