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Said promiesory note was givea to secure a loan in which the Small Bwincae Adminietration. an agency oE the
United Statea o[ America, hu participated. IA complisnce with sectioa 101.1(d ) oi the R~lee and Regulationa o!
the Small Busineas Administ~ation [13 C.F.R. 101.1(d) this iaetrument ie to be cor~atruod and enforced in accord-
~rnce with ~pplicable Feder~l law.
1. The mortgagor uavenanb ~nd agrees a~ follow~:
a He will promptly pay the indebtednees evidenced by eaid promieaory note at tha times and in the.
manner therein provided:
6. He will pay all tuee, asseesmenta, water ntea, and other governmeatal or municipal charges, finee, or
impositions, for w6ich pravieion has not been made hereinbelore~ and will pmmptly deiiver the o~cial receipta
therefor to tbe said mortgagee.
c. He will pay such e:penaea and fees u may be inc~rred in the protection and maiutenance of eaid
property, inetuding the fees of any attorney employed by the mortgagee for the collection o[ any or all of
the iadebtedneae hereby secured, or forecloaure by mortgagee'a aale, or court proceedinge, or in any other
litigation or proceeding affectinR daid propert}. Attorne~e' feea re~eonabl}• ivcurrc~l in anv other wa~ ehali 1?e
paid by the mortRay~or.
d. For better security of the indebtednesa hereby eecured, upon the rcqueat of the mortgagee, itE
auceeasora or aasiRns, he ehall execute and de]iver a aupplemental mort~caRe or mort~caRes co~~ering an}•
additione, improvementa, or betternienta made to the property hereinabu~•e described ~nd all property
acquired b} it after the date hereof I all in fotm aatia[actory to mortgagee Farthermorc, st~ouid mortRa}tor
fail to cure an}• default in the pa~•ment of a prior or inferior encumbrance on the propert~' clescribed b~•
this inatrument, mort~agor hereby aRrees to permit mortgagee to cure such default, but mort~ta~ee iF not
obligated to do eo; and euch ad~ances ehall becon~e part of the inde~tedneR~ Kr~•urerl bv ihiF i~irtrument,
eubject to the aame terme and conditionE.
t•. The rights ereated by thie con~e}ance shall remain i~i (ull iorce and efiect ~iuriuR au~ postpone~nrtit
or exten~ion of the time of the pa~-ment of the indebtednesa eri~enced h~- Faid promi~:on~ t~o~P or am part
thereof cecured hereb~~.
J. He will continuoualy maintain hazard ineurance, of such type or typea and ia euch amounts ae the
mortRaRee may from time to time require on the iinprovemeMs noM• or hereafirr ~in ~ai~l proprrlc, and
will pay promptly when dne aay premiume thetefor. All ineuraace ahal~ be carried in companiea acceptable
to mortgagee and the pnliciea and renewala thereof shall be held by mortgagee and have attached thereto
loee pay able claueea in [avor of and in form acceptable to the mo»gagee. In event of loee, mortgagor will give
immediate notice in writing to mortgagee, and mortgagee may make proof of loea if not made promptly by
mortgagor, and each inaurance company concerned is hereby authorized and directed to make payznent for auch
loes directly to mortgagee inetead of to mortgagor and mortgagee jointly, and the inaurance prceeeds. or any
part thereof, may be applied by mortgagee at ita option either to the reduction of the indebtedneaB hereby
secured or to the reatoration or repair of the property damaged or deetroyed. In event of foreclosure of thie
mortgage, or other transfer o[ title to eaid property in extinguishment o! the indebtedneee~eecured hereby, all
right, title, and intereat oE the mortgagor in and to an} inaurance policiea then in force ehall paas to the
purchaser or mort~ta~er or, at the option o( the mort~aRee, «~a~- br ae~rre~nderPd for a tefuud.
g. He will keep all buildinga and other improvementa on aaid propert~ in ~cood repair and conditim~; .
will permit, commit, or sufier no waste, impairment, deterioration of Said properi~ or an~• part thereof;
in tl~e event oi failure of the mortgagor to keep ihe buildings on said premises and those erected on ~aid
premises, or improvemente thereon, in good repair, the mortKagee may n~ake auch reE~airF aR in its discretion
it may deem necessar~ for the proper preaervation thereot; and the fu11 amount oi each and e~~Pr~• such
pa~~ment ahail be immediately d~~e and payable; and aha1) be secured bv the lien of IhiR mortRaRe.
A. He will not voluntarily create or permit to be created againat the property eubject to thia mortgage any '
lien or liena inferior or superior to the lien of thie mortgage without the written conaent of the mortgagee; and
further, that he wiil keep and maintain the same free fro~n the clai~~~ of a!1 pertona ruppkin~ labor or
materials for construction of an} and all buitdin~cs or impro~~emrnts now beink erectP~i or to he erected on
said premises.
i. He will not rent or aseign any part of the rent of raid mortga~ed propert~~ or ~emolir~h. or remuce,
or iubstantiall}' alter an~- buildinR without the written content ot the mortRaKe~.
j. All awarde of damagea in connecfion with any condemnation for public u:~e of or injar~ an~ o( tht•
pro~~ert~~ aubject to this mort~age are hereb~ assigned and shall be paiil to mortKa~ee, who ma~- apply the
`+aine to pa}~ment of the installmenta la+t due under Paid note, and ~nortgaKee ia hereb~~ authorize~~, in tl~e
namr oi the mortgagor. to execute and deli~er a~aiid acquittances ihereoi and to appeal from arn~ Fuch aa•ar~l.
k. The moriRaRee ehall have the riRht to inspect ihe mortKa~ted prenii~, at anv reawnnable time.
2. Default in any of the oovenants or conditione of thie inairument or of the note or loan agreement eecured
hereb}• shall terminate the moriga~tor's right to po~saeaeion, ude, and enjo~ment of the property, at the option of the
mortgagee or hia aaeiRna lit being agreed that the mort~agor ahall have auch right until default). Upon any euch
default. the moriRagee ahail become the owner of all of the renta and pro6te accruin~C after default aa secnrit~
for the indebtedneee aecured hereby, with the riQht to entPr upon eaid property for the purpoee of collecting euch
rents and profite. Thia instrument ahall operau as aa aesignment of any rentale on said property to that eztent.
ao~ ~67 p,~f ~
SBl. F~qM 92P 1z•731
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