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gl--i~u6187 <br />d. For better security of the indebtedness hereby secured, upon the request of the mortgagee, its successors <br />or assigns, mortgagor shall execute and deliver a supplemental mortgage or mortgages covering any additions, <br />improvements, or betterments made to the property hereinabove described and all property acquired by it after <br />the date hereof (all in form satisfactory to mortgagee). Futhermore, should mortgagor ftiii to cure any default <br />in 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 full force and effect during any postponement or <br />extension of the time of the payment of the indebtedness 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 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 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 event of loss, mortgagor will 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 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, 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 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 each and every such payment shall be <br />immediately due and payable; and shall be secured by the loin of this mortgage. <br />h. To oat 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 futher, that mort- <br />gagor wi[I 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 ar 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 ar injury to any of the <br />property subject to this mortgage aze hereby assigned and shall be paid to mortgagee, who may apply the same to <br />payment of the installments last doe under said note, and mortgagee is hereby authorized, in the name of the <br />tnortgagor, tv execute and deliver valid acquittances thereof and to appeal from any such award. <br />k, The mortgagee shall have the right to inspect the mortgaged premises at any reasonable time. <br />1. To ~otnply with the provisions of any lie if this i4lortgags is an a leasehold, if this 4lortgagc is on a <br />snit in a eottdominiutn o€ s planned unit developtent, Burrower shall perform alt of Borrov~er's c~k~ligatiosts <br />under the dedarativn or covenants creating or governing the condominium or planned unit development,the <br />by-laws and regulations of the condominium or planned snit 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 />mortgagee or assigns (it being agreed that the mortgagor shall have such right until default), Upon any such <br />default, the mortgagee shall become tht owner of all of the rents and profits securing after default as security ibr <br />the indebtedness secured hereby, with the right to enter upon said property far the purpose of collecting such <br />rents and profits, This instrument shalt operate as an assignment 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 any of <br />the conditions or agreements contained in this mortgage pr the note~et~~t©~c1, ~ph!{}~ entire principal <br />sum and accrued interest shall at ones become due and ayable, an raw ce t ~ 7 ~ moo) interest <br />thereafter until paid at the sleetion of the mortgagee; and this mortgage may thereupon be foreclosed immediately <br />foe the whole of the indsbtsdttsss hereby #soured, including the cost of extending the abstract of title from the <br />riots of this mortgage to the tiros of evmmeneing such suit. <br />4. !n the event of a fvrrsiosure or default as provided herein, the mortgages shalt at ones be entitled to tttc pas- <br />- session, use, and st~joyment of the real estate aforesaid and to the rent, issues, royalties, and profits thereof, <br />from the accruing of such rights sad during the pendency of foreclosure proceedings and such ,possessions, etc„ <br />shall at ones 6e delivered to the mortgagee upon request, upon failure such delivery of such possession may be <br />enforced by mortgagee, by any appropriate legal proceedings, including a receiver far the property. <br />S. The proceeds of any sale of said property in aceort)ance with the preceding paragraphs shalt tx applied first to <br />pay the costs and expenses of said sale, the expenses incurred by the mortgagee t'ar the purpose of protecting or <br />maintaining said proper[p, set~ondly, to pay the indebtedness secured hereby; and thirdly, to pay any surplus or <br />excess to the person or persons legally entitled thereto. <br />