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Said prom~ory note wa~ aivea to ~ecure a loaa ia ~vhlch the S~utU Hwinee~ Adraialatration. an a6aac~ oi the ~
United Statas oI America, lw put;c~p~ted, IA coa~pliance witb ~ecdoA lOl.l ( d) of the Rnle~ aad I~eaul~tioas of
the Small Buaiaa~ Adrainatratiou [l3 C.F.R. 101.1(d) this in~tnuaent i~ to be cotutrued and eafoe~ced ia ~ooord-
ancs wit4 ~pplicabk Feder+~l l+~w.. '
l. The mortaa6or co~veaaata,~ad aarea a follow~: -
- s. He Mlll promptl7 Par tbe fnaebtedaas aridenoed bp ~aid psomi~wry note ~t the time~ aad in the
nuoaer t6ereia prarided.
6. He ~rill par aIl ta:ey a~eMa4eata? ~ratet rates, and othor ~o~esnmeatat or maoieipal ehar~er, 8ne~, oe
impo~itioa~, for ~r6ich prarision 6a~ na beea iaade hee~einbefoe+e, ~nd wlll prompdr deliver the o~cial reoeipt~
tl~erefor ta tLe said aart~aawe.
a 8e Mill •l~a7 ~wel~ espeo~a aad lee~ ar a~?r bs incarred in ths protection md maiateoanea of said
prope~tr, inclndioa tbe fees of as~ ~uoene~ emplo~red br the moetaa6es for tbe colleetion of m~ or all of
the indeb~sdne.. hereby .ecored, or toreclos~u~e by nwr~.aee's sale, or aontt proaeedings, or itr ~ny other
liti;atioa or prooeedin~ aBectin~~ wid pmperty. Attorneps' fees e~e~aonabty incurred in anr other w~r ~hall be
pdd by tlie mort~a~or. '
d For better aecuritr of the indebtedne+s beraby secue~ed. upoa the request of the mortaaaex, its
wcaeesora or asei~, he ahaU acecute and deliver a sapplement~l mort~age or mortRagea ooverin~ aay
~ additions, impmvements, or bettermeab.made to the property hereiaabove deacribed and a!1 pr+operty
acquired by it after the date henof (ali in form satiatactory to mortgagee). Furtl~ern~ore. ehould mortga~or
f~il to qare any default in the payment of a prior or inferior encumbnnca on the property d~cribed by
t6is iostrun~ent, martaa6or hercby agrecs ta permit mortgagee to cure such default, but mortgagee ia not
obliaated to do ao; and auch advancea shsll become pact of the in~iebtcdneae aecure~ by this inatniment,
aubject to !he same terms and condition~:
e. Ti~e riahte created by this oonvey~noe shal! nmain ia full force and eHect durin~r an~• postpunement _
or e~ctenaian of the time of the payment of the indebtedness evidenced by eaid promieeow note or an} part
thereof secund hereby.
He «ilI contiQuo~•i• 6asard iosnrance. of such qpe or tppes and in wch amonah a~ the
- mortaagee may from time to time rtquire on the improvements ~ow or hereatter on ssid~ pro~reN~; and
~ W~ P~P~7' whea dne anr premiums thefefor. All insuraace ihall be carried in oompsnie~ aooeptabk
to mort6aaee aad the palicie~ and rtnewab tliereof shall be held by mortgaaee and have attached thee+~to
lor payable cl~u~ in [avor of and in form soxptable to t6e mostaa6ee. In eveat of Iwf, mo~or wi116ive
immediate notiee in ~rritin6 to mort;~aee, and mortaa~ee mar maiee proof of loes if tat made promptlr b~
mortaaaor, aad each inaursnoe oompaa~ oonoerned is henby anthoriud and directed to make payment tor mch .
lws directl~ to mo~ee instead of to mortga6or aad mort~aoe jointly, and the insuranoe proceeds, or an~
part thereof, may be applied b~ mortasaee ~t its option either to the redaction of ~he indebtednas hereby
_ secnred or to the reatoration or repair of tl~e propertr damased or destroyed. In event of toreclosnre of this
mort6aae, or other transfer of titie to uid property in eztin.6uishment of the iadebt~nen aeennd hereby, all
ria6t, tidy and interest of t6e mort~aaor in aad to any in~aranoe policia then in fosoe ahaU paes to the
. pnrch:eer or mortgagee or, at tl~e option of the mortgaRee, t~ay be rurrendered for a reAwd,
a. He will keep all buildia~ and other improvemwt~ on said property in good repair aac! copdition;
will permit, oommif, or suffer no waste, impairnteat, dettriaratiat of eaid propetty or :ny part thereof;
in ihe event of failure of the mortgagor to keep the baildinds on said premises and thoee ereMed on eaid
premiees, or improvemeats thereon, in good repair, the mortga6ce raay make such repairs a~ in ite dieeretioa
it may deem netxasary for ihe pmper preeervation thereof; and the full amount of each and ~very such
payme,~st shall be immediately due add payable; and shall be eecured by the lien of thie mort~tage.
h. He will aot ~oltmtarily ccre~te or permit w be created a6ain~t the pro~erty anbject to tbis mortaaae aa~
iiea or tiew inferior or enperior to thc lien of this mort~aae ~rithout the written coruent of the mort6aaee; and
further, that he will iccep and maintain the wme free from the claim o! ali pereons uupplying labor or
materials Eor co~struction of enr and all buildin~qe or improoements now beinE erected or to be erected ou
said premiaea.
i. He wiU not rent or aesign any part of the rent of said mortg:ged propertv or dea~oliah, or re~no~•e,
or subataatially alter aav buiidin~ without the written conaent oi the raort~a~tee.
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j. All awuds of damaaes in canneclion ~rith any condemn~tion for pubtic use of or injur~ to ~a~ o[ tl~e
property eubject to this mortgage are bereby aesigncd and dhall be paid to mortRagee. who may applr the
same to payment of the inatailmeata iast dae under said Qote, utd mortgagee ia }~ereb~ authorised, in. the ~
name of the mort~gor. to exscute u~d deliver val~d acquittaacer thcreof an~l to appeai fmm any snch awArd.
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k. The mortgaRce sltall have tbe riptht to inspect t6e mortgaged prerni~ at any reasonabte time.
2. lkfwlt i~ anJr of tbe oa~eaants ar eonditiow oE this inKtwncnt or of the note or loan a6reemeat ~ecund ~
hereby shall termi~?ate the mortgagor's rig6t to pw~e~eion, tue, and enjoymeat of the propertr, at the option of the
mort~agee or his ariaas (it beina aareed that the mort~a~qor shall have s~h right antil def~nlt). Upon any snc~
defa~h, the mortga~ee shall become the owaer ef nH oi tbs t~?ati u?d pro6ta accrnin6 after def~ult u eecuritr -
for the indebtedae~s ~ecnred hee+eby, wit6 the ri~t6t to mtne xpon sa~d propertr far tLe purpo~e of collectiaa snch
rents and pm6ts. This instrnmeat ~ha11 operate as an a~pnment of anr reutaL on sai~ Property to tbat exteaL
• SBA FpRM 92B f2-73i ~ ~~~~KE~~~ •
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