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Home My WebLink About0110 3atd pem~i~wry no~e wa giveA to ~ecare a loaa ia which ~e $~sq $u~ret~ Adrainl~~~tiou,- an aaeuq ot ths ~ Udted St4tq~, o~. ,Ametiay har,.p~rticiputed. I~ cQ~op~qce tvit~ vectioq:l0~,1(d ) o~ the Rule~ and Reaulations of the Snull Buainas Admini~tration [13 C.F.R. 101.1(d) this uutcument ii to be coiutrned and enforoed ia accord• wnoe ~vith ~Al#~Cab1a Faktal, ~!w• i I " l. T6e raostaaaor.~?~~~.~a.~...ro~.n.: . . . ~ ~ 1~ ' ~ j ~ - . v . . ~ . , . ' . _ . . . 1 ' . . . . . . + ~s. H`e` wrill pro~mP~7? M7' ~ tndebtedaer evldenoed byr ~aid protniMOS~? note at the timnes utd ia th~ manaer theraia ~ro~rided.. . . . 6. He ~riU par +ill t+ina. a~aso~eau, water rates. and other aovernmewtal or munidpsl c6a~ finM or innpaltiwr. Iar whtch pro~idoa•h~s uot been msds bee~einbefore~ and Mill prompil~ detivsr the oBieial e+eoeipts theretor t~ t6e~Ndd a~o~ee~; ~ • . . ~ . . a$e w~iU [iar sac~ e~tpen~a +ued tea a~ ~nar be.i~ured iu tha pr.ot~ectioa asd m~iAtenaaoe of aid F~7• ia~ladins tLs _fea ot. aay attorner .~unployed b~, ~ha moat~asee tor.t~e eolleetioa of ~un~ or, aU ot the in~ebted~ he~eby secnred,. or ioreclaure: by; mortaaace's, aAlq or .couK pioceedin~s,;~r iu? nuy: other litlgatiaa or ~sooeeding ~Seetinpt ~id PmpertY• Attornays':~eee reawnably incurred ia ~ny othes w~y shall be pdd by the mortRap~or. . d. For better eocutity of the iadebtednees hereby eecured, upon the request of the mortgagce, its succ~asors or assigna, he ahall execute and deliver a supplemental mortgage or mortRages covering any additions, impmveraente, or bettermenu made to the properiy hereinabo~e deacribed and all property acquired by it after the date hereof (all in form eatiefactory to mortgagee>. Furthern~ore. ehould mortgagor fail to cure any default ia the payment o[ a prior or inferior encumbrance on the property deacribed by this inatrument, raortgagor hereby agreea to permit mortgagep to cnre euch default, but mortgagee ia not obligated to do eo; and such advanoes aha]I become part of the indebtedaees eecured by thie inetn~ment, snbject to the eame terms and conditions. e. The righta created by tLis conveyance ahall remain in tull force and efiect during an~• poatpune~nent _ or e~ctension of the time of the papment of the indebtedneae evidenced b~ esid promiaeory note or.any part thereof aecund heraby. ~ ~ _ He will continnowly maintaiu ha:ard insurance, of snch type or types aad in such amounta as the mottgagee may fmm time to time tequire on the improvements now or hereafter on eai~~ properly, an~ ~ PsY Pmmpdy when due ~r pnmi~ms ~herefor. All inaurance shall be carried in companies aooeptable to mortga6ee and the palicia and renewaL thereof ~h~ll be held by mortgagee aad hare attac6ed thereto • • • • ~ • ~ • t t T_ ! 1___ 'll ioes payanie cuases in tavor ot aaa in torm aocepiaDie io ine mv~agagee. in Cvcui va aareq au~iaaw~yvi ~iau ba~c immcdiate notice in ~rritin~ to mortgagee, and mortgaaee msy m~ke proof of loes if not aaade promptly by mortgaaor, and each insaranee oompany concerned ie 6ereby anthori~d and dincted to make payment for anch loes directly to mortgagee instead of to mort~agor and mort~agee jointly, and the ineurance proceeds, or aay part thereof, may be applied by mort~agee at its option either to the reduetion of thc iadebtedaess hereby secured or to the reatoration or repair of the propert~ ~au~a6ed or deatrnyed: Ia event of foreclosure of this mortgage, or other tranefer of title tgf.aaid-~rope~rty.i4 ~e~tinguiahmeat of t6e indebtedneas eecured hereby, all ~ riaht, tide, and intereet of the mortgagor in and ~to, aap insuraiice policiea then in force shall paes to the , purchaser or mortgagee or, at tbe =+~"tion of the, mort~ta~tee; tna~ be surrendered Eor a refu~~~: _ f " ' g. He will keep all buildin~s arid` other improvementa on eaid property in good repair and condilion; ~ will permit, commit, or euBer no waete, impairment, deterioration of said property or any part thereof; ~ in the event of failure of the mortgagor to keep the buildings on eaid premiaea and tho~e erected on eaid ~ premisea, or impmvementa thereon, in good repair, the mortgagee may make auch repairs a~ in ita diecretion ! it may deem necessary for the proper preaervation the~eof; and the full amount of each and ever} sach i payment shall be immediately due and payabTe; and ahall be eecured_by the lien t~ thia mort~ca~e. ~ h. He wnll not voluntarily create or perinit to be created againat the properiy snbject to this mortaage anp ~ g lien or liens infe.~ior or anperior to the li~ni of this mort~a6e withont the wriften eo~ent of the niort~a~ee; and ~ - further, that 6e wi11 ~eep and maiatain the ~me tree irom ihe clain~ of all persona uupplying labor or ; maLerials ior cowtruction pf any and a~l bu~ldit~s or improvemeata now i~?ein~r erected or to 1~e erected ou ~ `~ud prenu.e+F. . ~ , , , ~ i. He will not rent or'aesi6n ariy plrt of tl~e retit oE'aaid mortgaged propert~ ur clemolieh, or remu~•e, F or subetantiall} alter any buildinR without the written conaent of the mortRa~ee. ~ j. All awards oi damsgee in connection with any condemnation for public use of or_ injur~_ to aa~ of the ~ property eubject to thia mortgage ate hereby aesigned and ehall be paid to mortRagee, who map ~pply the same to pa~ment of the inatallmente last due under eaid note, and mortgagee ia hereb~ authorized, in the ` name ot the mort~a6or, to ezecute and deliver valid acquittancea thereof and to appeai from any euch award. ~ ; k. The mort~aRee ahall bsve the ri~tht to inapect the mort~[aged premieeR ~t ah~ reasonable time. ~ i 2. Defanlt in anp of the aoveaaata or coaditions of thia ia~trument or of the note or loan agreeraent eecured ~ hereby shall terminate the mortgagor's right to poseesaion, nse, and~enjoymedt of the pmpert ~~'a~tion of the ~ mortgagee or hia sesigaa (it being agreed that the mortaagor shall have such right until+~i~ . tlpon any such ~ default, the mortgagee ehall become the owner ef all-ofd~e-~nts and pro5te acerning after default ae eecnrity s for the indebtedneae aecured hereby, with the riRht to aotpr. npo4 stid pmperty for the purpo~e o[ collecting such ; reata and profits. Thia inetrument shall opetate w an ae~i~nmecit dj any nntala on eaid pmperty to that eaten~ ; € t ~ . . g ~2 ~ socx 2~v PAGE ~1 SBA Fp RM 328 !2-73! _ ,i?:v -.a.i~.,~.a~.a ..'-:y . " s ~ ' ~..e _ :.~s^ w ~ ~:r