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Said promiaeory note waa given to secure a loan in which the Small Busineas Adminiatration, an agency of the
United States of America, has pArticipated. ln compliance with section 101.1( d) of ihe Rulea and Regulationa o(
ti~e Small Business Administration (13 C.F.R. 101.1( d)]. thie inetrument ia to be co~wtrueJ and entorced in accord-
aace with applicable Federal law.
1. The mottgaaor coveaante and agrees as follow~: ~
a. Iie will promptly pay tha indebtednees evidenced by aaid promiasory note at thn time~ and ia tho
manner therein pmvided.
b. Ae will pay all taxea, aseeaan~eate, water ratea, and other governmental or municipal chargee. Snea, or
itnpoaitiona, for which proviaion haa not beea made hereinbefo~e, and will promptly deliver the o~cial receipts
therefor to the said mortgagee.
c.• He will pay auch espenaes and feea as may be incurred in the protection and• maintenance' of eaid
property, iacluding the feea oi any attorney eraployed by the mort~agee for the collection o[ any or all of
the indebtednese herebp aecured, or foreclosure by mort~[a~ee.'e eale, or court proceedityt~, or in~ anv other
litigation or procetding a$eetinR eaid propertr. AttorneyR' fee.~ reasonablv incurred in an~ other wav rhall be
paid by the mortga~or. . '
: d For hetter eecuritr oI the iudebtedne~s hereby secured, upon il~e requert of the mort~;agec, its
aucoeaeora or aaaigna, he sl~all execute and deli~~er a suppleniental mortgage or mort}~ageR coverinR am~
additiona, improvements, or bettermenta made to the properh• hereinabo~•e descrihed and; ali properh
acqt~ired b~• it after the date hereo[ ~ all in form satisfacton- to mortragee Furtl~ermorr, .hauld mort~::~~or
fail to cure an~ default in the pacment of a prior or inferior encumbrattce on the properh' described b~-
this inatrument. mort~a~or hereb~• aRrecs to pern~it mort~a~;ee to cure suc6 default, but mort~a~e~ i~: not
obli~ated to do so; and such ad~•anc~~ :~hall becomr part ~f thE• indehte~lnr. ~r~•ure~l bv thia iustn~ment.
subject to the same terms and conditioua. ;r_
v. The righte created by this cm~vecance ahall remaii~.in full force and ellect durin~t an~ paetponement
or extenaion of the time of the pa~ment of the indebtedne~ evidenced b~• raid promir~or}• note_os an~ part
thereof secured hereb~•.
He will continuouely maintain hazard ineuraace, of .such type or typea snd in euch ameante aa the
mort~a~ee ma~ from time to time require on th~ impro~~emenis now or hrrrafter un ~aiJ proprrt~•, aud •
will pay promptly when dne any premiums therefor. All insurance ahaU be carried in companiea acceptable
to mortgagee and t6e policie~ and cenewala thereo[ shall be held by mortgagee and- have attached thereto
losa payable claueea in fa~or o[ and in form acceptable to the mortgagee. In event of loee, mortgagor will ~ve
! immediate notice in writing to mortgagee, and mortgagee may make proof of loee if not madt promptly by
~ mort~agor, and each inauranee com~?any concemed is hereby authoriaed and directed to make payment for snch
~ ~ loea directly to mortaagee inatead of to mortgagor and mort6agee jointly, and the iaaurancx prooeedt, or any
~ Q~ pari thereof,'may be applied by_mortgagee at ita option either to the reduction of the indebtedness~ereb~
~ ee~ured or to the reatorat'ioa or repair of the prnpert} d~ihaged or deet yed: In event of forecloeure of thie
# mortgage, o~ other traosfer of titk to said prope~y in extinguishment of~e indebtedneee eecured hereby, all
~ right, title, and intereat of the mortgagor in and to any inaurance policiea then in [orce ahall paaa to thr,
~ purchaser or mortgagee or, at tj~e option oi the mort~aRee, ina~ be ~urrrniirrrd fur a refun~l. :
~ g. Ne will keep all bailditr~a and other improvements on ~aid pro~?rrt} in ~;ood repair aml condition:
~ wi11 permit, commit, or suffer no Mae1e, impairment, deterioration of ~aid properi~~ or an~~ part ihereof:
~ in the e~-ent of failure of the mortga~or to keep the buildin~s on aaid premises and those ereMed on said
~ preniiser, or impro~ementr thereon, in.~ood repair, the mort~a~ee nia~• make such reE?airs as in ita diRCretion
~ ~ it ma~' deem neeessar~ for the prqper presercatioti t}~ereof: and the ful) a~uount of eaeh and r~•Prc .uel~
pa}•ment shall be immediatel~ due an~l payable: and shal) be aecured b~- the lien of thi~ mort~a~c.
~ . .
~ • h, He will not voluntarily create or permit to be created againat the propertp eubject to thie mortgage any
~ lien or liena inferior or superior to the lien of thie mort~age without the written conaent of the mortgagee; and
~ ' (uriher, that he ~sill ~ceep and maintai~i ihe Kame (ree iro~n the claim of all per~ons ~upply in~ labor or;
materiala for conatruction of anr and all bi~ildin~e or i~npro~•PmPnt~ now bein~ r.rPCtP~ or to I1P PiPP~P(~ ou
c,~', "
~ said premisee.
i. Ne will not rent or assi~n any part of ihe rent of aaid mortgaged proprrt~ or demolirh, or remv~ e,
U~ or suba~antially- alter am- buiidisiR w~ithout the written consent of tl~e mort~a~eP.
j. Aif awards of damages in connection ~.ith ati~- condemnatiQn tor public uae of or injur~ to an~- of thr
- propert~• subject to this ~nortFa~e are herel~~- atrigned and shall be paiil to mortKaKee, Nho ma~- appl~- th~
~ame 1o pa~-ment of the instalimenta la~t due imder aaid note, a~ul mortgaRee ia hereb~- authorized. in th~
namP of th~~ mort~a~or, to exPCUte and delicer ~alid acquittances th~~reoi an~l t~? appPal from am- r-u~h ah•arvl.
,
k. 'I~hr mort~a~ee +ha]l ha~-e the ri~ht to inypecl.the n~ort~aKed preroiFt•~ at am~ rcasunable time.
2. Default in any of the covenanta or conditione of thia instrument or of the notP or loan a~[reement eecured
hereb~ ahall terminate the mort~a~or s right to possegeion, uee, and enjoyment of the propert~, at the option of the .
3 mort~agee or his aeei~ns (it being agreed that the mort~aRor ehall have such ri~ht until default). Upon any euch
~ default. the mort~a~ee shall become the owner of all of ihe renta and profite accruing after default aa =ecnrit~
~
for the indebtednesa eecured hereb~•, with the riRht to enter upon said propem for the purpose of collectin~ euch
renta and pro6te. Thie instrument ahall operate aa an aasignment of any rentalR on said property to that eztent.
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