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1~IlI ~)fUlllls~(-~~' IIOIC W.IS ~1\'fll tuuecure a loan in wl~irh the Small Business Administration. an agency of the
t nited titatca o[ America, hae participatrd. In complia~cc Nith yectiun 101.11~1) of the Rulea and Regulatione o[
iLr tir~a11 BuRinesa A~Iminietration (13 C.F.R. 101.11~1~ ~, tliis inatrument ia to t~ cona~rueJ and enforced in accord•
.~nce with applicable Federal law.
1. The mortgagor covenantf and agreea as follows:
a. Ne will promptlY pa~ the indebtednees evide~~ced by said pmmieaory note at the times and in the
manaer therein provided.
b. Ne wil! pay all taxes, aeaeasmeata, water rates. and otlier go~ernmental o~ ~;;;;ucipal chargee, finee, or .,
impoeitiona, (or whic6 prorieioa haa ~ot beeu made I~ereinbefore, and N•ill promptly deli~•er the ol6cial reca:pi:
therefor to the aaid mortgagee.
~ c. He will pay auch expeneea and feee ae ma}~ be incurreJ in the pcotection and maintenance of said
property, including the feea of any attorney emplo~ed b~• the mortgagce for the collection of any or all o[
the indebtedneas her~b~~ secur~ J, or (oreclosure b}• mort~:~~;r~'. ,ale, ur court (-roceedin~;., or in ao~ oth~•r
litigation or proceedin~ aBectiuR said proprrt~. Attornr~~' f~•~~: r~•a,unahl~ in~~urr~•~I in an~ o1h~~r ~.a~~ shall he
paid b~~ the mortRaRor.
d. For I~etter securih• of thr in~~ebtedne>s here•b~~ ,e~•ured, u~:u~~ t~lie n•~~u~•,t ~-f ihe niurt;:a~:er, it-
succe~.+ors or assi;;na, lie ~hall execute and deliver u~uppiemental murt~;rp:~• or mnrt~:a~~~~ co~rri~~F an~
~ addition:, im~-~uvrment:. or 1-rttermrnts ~nad~• to tl~e prope~rt~ lu•rei~~ab~-~e ~I~•-crib~~~l :u-il all pro~-rrt~
acyuired b~ it a(ter the iiate hereof ~ ai) in form •ati.facturv tu mur1~;~~re ~ Furilu•ni~nn•. .huul~l murt~a~or
fail to cure anc default in the pacment of a prior or infPriur e•ncumbranr~• uu ihr pru~~~~ri~ ~Ic~~rib~~l 1-~
thic i-:str~uneut. morl~aKor herrLv aKre~•~ to permit murt~a;,~~e tu rure~ ,u~•h ~If•~:~ulf. but n~ort~;a~~~• i~ u~~l
obli~;a1~•il to do ~o: and such a~~~ance: ~hall hr~um~• ~~art ~~f th~ in~l~•}-t~•Ju~•_. .~•~•urr~l h~ ihi~ in-trem~f~n1.
~utiject to l~~c ~ame term~ and con~~ition~.
~~. "1'hc~ ri~hi, creatt•~l l» ihia ec~nv~vauce ,hall rrtnaiu i{- ~~ill ~un•r an~l ~•tIe•~•1 duriu~ au~ ~-urt~~u~~~vurn~
or ~•~te•u~iun u~ the~ time of ih~- pa~•m~ni of thF• in~l~~hif~~~n~•,• r~ i~~•n~•~•~1 1~~ ..~i~l ~~n~nii~-~~r~ n~~t~• ~~r an~ ~~.irt
~hen•of ~ecore~l herebv. ,.
. , .. .
l. H~ will rontinuoutl~• maintain hazard insurance, ot such typ~ or typeF and in 4uch amounta as the
mort~a~~e ma~ (runi tin-r tu Iinif~ rrquirr ut~ thr ii~ipro~rnu•nt~ noN u- h~•r~•afl~•r ~~n -.~i~1 ~~r~~~~~•r1~. .unl
will pay promptl}• N•hen due any premiunis there~or. :111 iusurance ol~all be carried in companies acceptable
to mort~aRee and the policies and rene~•als theeeof :ha}1 be hrlJ bv mur[~a~;ee and I~a~~r attached thereto
loss pa~able clau~e~s in Ca~ or o( and in fonn acceptablr to thc mort~;agre. In ev~nt of Iosa, mari~a~or will ~ive
immediate notice in writing to mortgagee, and mort~;a~;ee may make prouf of 1o~a if not made prompth~ b}~
mortgagor, and eaeh insurance compan}' concerned is hereb~- authurized rnd directed to make pa}-ment for auch
l~s directl~~ to mortgage~ instead of to mortgaFor and mort~a~;f~e jointk, an~I the insurance procceds, or an~~
par! thercof, mac be applieJ b~• mortRagee at its option P1~F1Pf to thr• rFduction of tl-e inde6tednee. hereb}•
.FCUrr~l or to tlie rF~t~~ration or repair of the propert~• damaKrd or destru~rd. In rv~•nt o( foreclosure of thiE
nu~rt~a~;t~. or other trans(er of title to oaid propert~ in extin~;ui~hment of the i~ulf•b1t•dneas .ecur~d hereb~'. all
rikht, title, and interest uf the mortRaRor in and to anv insurance policies tl~rn in force ~hall pa~e to the
~~ur~l~a-~•r ur ~i~ort~;a~~•r nr. at thr option uf tI~P u~url~a~rr, n-.n I-~• •~~rr~•n~lt•~~•~1 f~~r :~ r~f~ui~l.
~;. H~• h-ill kce~p all huildin~~ an~l othcr im~~r~~~.•nirnt, m~ ~ai~) ~~ru~~rrl~ in ~ui~~l rr~~~ir .+ml ~undilion:
~.ill p~~nnit. cummit. or ~ufT~•r nu ~.a~tf•, impairtn~nt. ~1~•te•riorali~»i nF -.~i~l ~~ru~~«•rt~- ~-r :u~~ E~art iherE~of:
i~i th~• .•~~•nt of failurr of th~~ n~~-rt€aFor lu kr~~p th~• btiil~linK: ~~~~ ~.-i~l ~rr~•n~i•~•. an~! tl~u-•• ~~rr•ct~~l on :ai~l
~~n•n~i~~•., ur impru~enu•n1~ lllf'fPOll. iil rou~l repair. th~• mort~~~~•~~ m,~~ n~al.~• -u~•h n•~~.~ir, .~- in it~ ~li~crPtion
it n~a~ ~1~~~•m necf~~•an (cir thr prolier prr~enatim~ thPrenf: an~l th~ fall aniuunl ~~( r.~~•li an~l ~•~~~r- -n~h
~~a~n~~•nt ~hall hc imtn~-diatF~h ~luf~ .iml pa~abl~_ an~l ~hall hr ~~curr~l h~ Iiu• lii~n ~~f thi- nii~rt;:a~~~.
h. 1{e w ill not coluntarih• ~reate or perniit to br ~•rcatPd aRainet the prope~t~ eubject to thi. mortqage an•~
li~~n or lirns in(erior or ~uE~Prior to the lien of this murt~~~e w~ithout thP Nritten consc~nt of the mortqaKee: and
furlh~•r. that h~• aill k~ep an~l m:iinlain Ih~• ~anu• Ire•~ Irum th~• cl~in~ ~~t al{ p~•r-nn~ -u~~~~l~in~ labur ur
n~atcrial~ !ur ~on,tructioii of a!» and ail bnildi~eK- ur impru~~•ni••nt~ III/N' IMI11~ ••r~•~•t~•il ~~r ~~- I~r ~•n~~•1~~~1 on
•aid pr~n-ises.
i. H~• will nui re•nt ~~r a-•i~:,n an~ jiart of th~~ rf~nt ~~f -ai~1 mort~::~~~•~I pru~u•rl~ nr ~Irmoli,h. ~~r n•~n~~~~•-
~~r .ul-~lantia~~~ altt•r cm~ 1rni~~link ~.ith~nil tl~r writtrn ~•~~n>~~nt o( th~~ niort~:ai~•'-
j. :1{1 rwards uf ~IamaKr~ in counrctiun with an~ cot-drmn~lion for ~~uhli~• u~~~ ~~f ur i~~jun ~~~ an~ ~~f Ih~•
~~ru~~~•r~~ .ul-j~~~•t to thi~ nu~rt}:a~:~• ar~• h~r~~b~ a~:i~;ne•il and ~hall be ~~ai~I ti- n~nrt~ager. whu ma~ applv Ihr.
-:uiu• tu ~~.i~~n~•nt ~~f tl~r• in•tallnu•nt: I.ut ~lu~ tin~)~•r ~ai~l notr. an~l murl~;:~~e~~ i~ herf•b~ auihoriterl. in th~•
nam~• ~~f Ih~• roort~aKur. ~~ ~~xr~~~Ir and ~Ir~li~Fr ~ali~l a~quiltan~~~. th~•rr~o( an~l t~~ .ip~~~•al (n-m .~n~ -~u~h a~.ar~l.
R. 'I~h~~ niurt~a~r~~ -L.~If ha~ c• Ih~• ri~IN 1~, in,~~e•~1 Ih~ iuurl~ay:r~l prrmitr- at :ut~ r~•a-~~n.i{-le~ tiu~~~.
2. i)e(ault ir~ am• of the covPnante or conditiom of thi.r in~trument or of the notr or loan aRrrement eecured
hPrrh~• ~I~all terminate thP mort~;a~,or ~ riFht to po~sc~sion. uae, and enjo}-ment o( the propert~~. at the option of the
mort~:a~eP or his asEiRns ! it brinR aRrerd that tl~e mortKa~tor eha11 ha~•r such riRht unti) default l. Upon an}• euch
~IPfault. thr m~rl~aRe~ .hall 6PrnmF thr aw•ner of al) o[ the rents and pro6tr accniin~ after default ae ~e~urit~~
for the ind~bt~dnP~o ~ecured her~bc, with ihe ri¢ht to entPr upon eaid propert~~ for ihe purpo•e of collectinR euch
ren1~ an~l profito. Thia insln~mrnt 5ha11 operate aa an aasiRnment of any rPntals on said propert~ to that extent.
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SBA Fr~RM ?2P, f2•731