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d. For better security of the indebted=less hereby secured, up~sn the renurst off he tno~~ r~r ~t~~cessors
<br />or assigns, mortgagor shall exrctttr and deliver a supp{emrntal mortgage ar mortgages covering any additions,
<br />improvements, ar brticrments made to the property hrreinabovr describ~t and all property aequirrd by it after
<br />she date hereof (cell in form satisfar:.ory to mortgageej. Futhermore, should mortgagor fail to cure any default
<br />ir. the payment 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 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. The rights created by this conveyance shall remain in ful! force and effect during any postponement or
<br />extension of the time cf the pa; :trot of the indebtedness evidenced by said promissory note or notes, or any
<br />part thereof secured hereby.
<br />f. To coneinuously maintain hazardsnsurance, 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. 4tl insurance shall be caeried in companies acceptable to mortgagee 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. In even[ of ions, mortgagor will give immtdiate notice in writing
<br />to mortgagee, and mortgagee may rnakr 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 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 ar 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 morgagee, may be surrendered for a refund.
<br />g. To ketp 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 />"f fai!a~ ^f the •,•;,,••gfl~ t^ ka•.^ t!n b••:;d:^ ~:d ^d .hose ,.Need on said premises, or
<br />., ... _ ., ... ., .., ..gs .,,. ,a, t.r....,.,.., o,.
<br />improvements thereon, in good repair, the mortgagor may make such repairs as in its discretion it may deem
<br />necessary for the prgper preservation thereof; and the full amount of each and every such payment shall be
<br />immediately due and payable; and shalt be secured by the loin of this mortgage.
<br />h. To not voluntarily create or permit to hr created against the property subject to this mortgage any lien
<br />or lions inferior to the lien of this mortgage without written consent of the mortgagee; and futher, that mort-
<br />gagor will keep and maintain the same free from the claim of all persons supplying labor or materiats 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. 411 awards a?f damages in a:onttrction with any condemnation for public use of or injury to any of the
<br />pro~rty subjhtt to t?ti~- ntortgagt ara !rtrrby assigrod ;ttsd sha!1 be plod to mortgagor, who tray apply t!tr ~zrzr to
<br />payment of the installmcttts last duo under said note, and moregagcr is hereby authorized, in the name of the
<br />tnarter, ta? execute attd deliver valid aaauittancr-s thereof and to appeal from any sorb award,
<br />k, The mortgagor shalt have the right to inspect the mortgaged premises at any reasonable time.
<br />:, To ~or~'r~rl-'j `met:, t:rc prv~t3iirru iaf aizy tr3i$ .t tlT: ~ic`5rga-2 fi~ Jt3 a ii~ha"3i~. if titt3 .'~.ioit~a~c i3 ii8 ~
<br />unit in a condominium or a planned unit development, Borrower shall perform all of Borrower's obligations
<br />under the declaration or covrttan[s creating or governing the condominium or planned unit developmrnt,the
<br />by-laws and regulations of the condominium or planned unit development, and constituent documents.
<br />2. Dtefau)t in any of the covenants or conditions of this instrument or of the note or loan ageemrnt secured hereby
<br />shall cerminatc the mortgagor's right to possession, use, and enjoyment of the property, at the option of the
<br />tnortjagee or assigns (it being agreed that rho mortgagor shat{ have such right until default). Upon any such
<br />default, the mortgagee shaft btrome the owner of al! of the trots and profits accuring after default as security for
<br />the inttebledttess secured hereby, with the right [o Doter upon said property far the purpose of collecting such
<br />rents and profits. This instrument shall opetatt as an assignment of any rentals on said property to that extent.
<br />1. )f the mortgagor defaults, and fails to make any payments when due or to conform to and comply with any of
<br />the cwditiwts or agramrnts container in this mortgage or the notes which it secures, thee, the entire principal
<br />sum ate accrued interest shall at otter become due and payable, and draw _ " _, per cent (_.~.Z,?97e) interest
<br />..~a~sa tex`a`at€ t~td at tt~ fcsa'aa`~i of tie ,~o.it~; afrii liars moirgag2 may thcriNpvn 17r fvrc`a:-vsC3+ rmmt"ii lately
<br />ftsr ti±t whorl of !hc ind4'btcdrt€•s~ hereby s€~ti~r«~, itt~•hAing rho cost of extending the abstract of title from rho
<br />date of this tmxtgatte to the time of commencing such suit. 'Seventeen and three--quarters
<br />A. to tree event of a foreclosure or drfauR as provided havtin, the mortgagee shall at ont'c be entitled to the pos-
<br />*~sitxt, u~, arced ot;v;...~,=t of t)~ real estate aforesaid and to the rent. issues, royalties, and profits thrrovf,
<br />from rite accrttretg ctf etxtt rights amt during the pendency of foreclosurt proceedings and such possessions, rte.,
<br />s at otter be d#tivetod to the :~utt;agce upon tcquos4 upon failure such delivery of such possession may fee
<br />tmfineed by tnerttgatgec, by any ap;xoprute k'8+>1 procoadtngs, ineludmg a receiver for the property.
<br />t. t"€~ fttecets of arty salt c}f t~td property in ac.~rxdancr with the preceding paragraphs shalt br applied first to
<br />p`ay 'sna colts anu' cacpe4sts of said tale, the rxftcttcts tna:urred by tier mortgagor for the purpose of protrcung rx~
<br />ntaiatainir~ Fail property, .tr;st$dfy, ro pay the tndsbtsdnrss secureri hereby: and thirdly, rct pay any surplus or
<br />Wis.`: ~ to tbe ptr;~ err p~rxrtas legally emit)rt tsiesrtc_
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