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~I-~ uti57J~ <br />f <br />d. for better security of the indeb*.edness hereby secured, upon the regac~st of the mortgagee, its successors <br />oe assigns, mortgagor shall execute and deliver a supplements! martgags or tnortgages covering any additions, <br />improvements, or betterments made to the property hereinabove described and ail property acquired by it after <br />the date hereof {aH in farm satisfactory to mortgagee). Puthermore, should mortgagor fait to cure any default <br />in the payment of a prior or in€erior encumbrance on the property described by this instrument, mortgagor here- <br />by agrees to permit mortgagee to cure such default, but mortgagee is not obligated to do so; and such advances <br />shall become part of the indebtedness secured by this instrument, subject to the same terms and conditions. <br />e. Thr rights created by this conveyance shall remain in full force and effect during any postponement or <br />extension of the time of the *+avment of the indebtedness evidenced by said promissory note or notes, or any <br />part thereof secured htreby. <br />f. To continuously maintain hazard insurance, of such type or 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 will pay promptly <br />when due any premiums therefor. All insurance shall be carried in companies acceptable to mortgagee and the <br />policies and rtnewals thereof shall 6e held by mortgagee and have attached thereto foss payable clauses in favor <br />of and in form acceptable to the mortgagee. In event of loss, mortgagor will give immediate notice in writing <br />to mottgagec, and mortgagee may make proof of loss it' not made promptly by mortgagor, and each insurance <br />company concerned is hereb; authorized and directed to make Daymem for such loss directly to mortgagee <br />irtstead 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 shall pass to the purchaser or mortgagee or, at the <br />option of the mortgagee, may he surrendered Tor a refund. <br />g. To keep alt buildings and other improvements on said property in good repair and condition; to <br />nermit_ commit, nr suffer nn wade, imnairtnent, dererinratic~n of sued property or any p2rt ther~ytf; in thg eye-nt <br />of failure of the mortgagor to keep the buildings on said premises and those erected on said premises, or <br />improvements thereon, in goad repair, the mortgagee may make such repairs as in its discretion it may deem <br />necessary far the proper preservation thereof; and the fu{I amount of each and every such payment shall bt <br />immediately due and payable; and shall be secured by the loin of this mortgage. <br />h. 'I'o not voluntarily create or permit to be created agains[ the property subject to this mortgage. any lien <br />ar liens inferior to the lien of this mortgage without written consent of the mortgagee; and father, [hat mort- <br />gagor will keep and maintain the same tree from the claim of aU persons supplying tabor or materials for con- <br />struction of any and all buildings or improvements now heing 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 />i~ A!1 awasrds of datttaaes in canneetion with ant condemnation for public use of or injury to any of the <br />property subject to this mortgage art hereby assigned and shall bt paid to mortgagee, who may apply the same to <br />payment of the installments last due under said note. and mortgages is htreby authorized, in the rtamr of the <br />mart~gor, to execute and deliver valid aF.~uittansxs thcrtaf and to appeal from any such award. <br />,_ . _„ ~- - snr rim ;€ t., ' '- __ <br />,.~- -------- a~~--£ --- -tot = ~ :~ -- ;- <br />~, . _.~ m.~r{~a£~ cs.,..y _._. _ . _.,~..._ msp~-;-• __._ mL.,-_F~ ft~m__~ a= sfiy I~srr_a.~tt u___, <br />I. To camgiy with the provisions of any least if this Mortgage is on a leasehold. !f this Mortgage is on a <br />unit in a condominium or a planned unit development, Harrower shall perform all of Borrower's obligations <br />under the declaration or covenants creating or goverrting the condominium or planned unit dtvelopmcnt,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 mortgegoPs right to possession, use, and enjoyment of tht property, at the option of the <br />mortgagee or assigns (it bring agreed that the mortgagor shalt have ouch right until default). lJgon any such <br />dot"salt, the mortgagee shall ixtiomr the owner of alt of the rents and profits securing after default as security for <br />the indebtedness st€:ured htreby, with the right to enter upon said property for the purpose of collecting such <br />tEnts and profits. This instrutr€rni 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 agrtements contained in this mortgage or the notes which it secures, thin the entire principal <br />a~:.t . s,ral . ors r: ~ d-,it arm p;i, :r..... d dra _.-_._, per uirt #.~ .s) i€Yttres <br />thereafter until pain at tits election of the mortQagss, a_nd this mortgage may thereupon be fortclastd immediately <br />for the whole of the isultbtcdness hetcby secured, including the cost of extending the abstract of title from [he <br />date of this mortgage to ells time of commenting such suit. "seventeen and three-quarters <br />4. Sn tbe ever! of a ftnxktsrtre or defeat[ as providrsl hereon, the rntut$a$se shall et Dose he entitled tv the pos- <br />setuion, use, and enjoyment of the real estate aforesaid seed to the rent, issues, royalnrs, and prot7u thereof, <br />from the accruing of such rights and during the pendency of foreclosure proceedings and such pctssessians, etc., <br />shalt at atr<x he delivered to the mortgagee upon request, upon Cailurc such delivery of such possession may tx <br />snfor€;td by tttorigagse, by any appropriate legal proccedin$s, including a receiver for the property. <br />s. 'Tt€c ~'-omits of env salt €tf said v -cry i€r accordance with [fit -recedin- era, ra ns shalt be a. ~ietl first to <br />F~ . ~ -Re - p g P g p` - p'p' <br />pay the stases seed ecpstts~s of said Batt, rhs expenses ittcurrttl by the mortgagee fat the purprise of protc~ting or <br />rtairatnfnt~sg sait~ prapcr-fy, sex~rrtstiy, to pay €t9s tr€tie[ttr~ittsss scct€rtd hereby: and Fturdiy, to pay aa4 cu€plus ~sr <br />excess Fo the person or ptrsoFas legally en€ititd ilttsMU. <br />