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S~id proa?I~wq aate was aiveu to ~scure a loan ia which tha Swall Bwi~tew AdminiKratioa. an a~eaoy ot tbs
v~t~a s~.~. or b.. ~p.~~a. Ia oo~apltaace witb ~o~.l(d) ot t6e Rules aad Re~4tioas oi
the S~all Bwis~s Ada~iai~tration [ls GF.R. ioi.i~a~ l, L~~~~a .~a ~r~a ~?,?~a.
aoa ~tb app4csW~ Feder+?l la~r.
l. Tbe mortia~o~e oovasana aad aasea a~ toUo+w: -
8e wiU P~P~7? W7 tl~e iadebtedaas evidenced br said pro~aiMOq aote at the ttata and ls t!M
maaoer tl~emio prw?ided.
br He aiq ~s~ aU taxa, aMaamentr, w?at~ rsea, and od?er ~over~uaeat~l or a~tin~c~pal el~ar`eti fise~ ot
;mparition~, tar wbicb praviaion La~ not bean mada 6eninbeloce, and ~vill prompdr delivec t6e o6cial rae~ip»
t6eretor to t6a sajd nio~t~ea ~ -
c He ~Il pa~ snch aupemes snd le.e~ as may bs in~arra! in the protectioa aad mat4teaanoe ot ~
P~Pe~I?. iactudi~ t6e [ee. of anr auorner emplored 6r ~,e ,aoreaa~,e for ehe oollseaon of aar or. aU ~t
tlie indebt~dnera 6erebY se~wred, or foe+eclwnre by mo~aaee'a aale, or court pmoeediads. or in any other
lit~+~tioA or prooeedina aRectia~ uid property. Attornew' lees e+~Aeonabl~ incanal in-anv other wav shall be
paid by the mortRaRor.
d For better ~ecuritr of t6e iadebtednas hereby eecured, upou. the rcquest o[ the mort6a6ee. iU
succeawn or aasigaa, he ahall execute ~nd deliver a wppiement~l mort~caRe or mortRa~d coveriaa an~
additions, improvementa, or betternieat~ made to the pmperty liereinabo~e deacribed +~nd ail prop~tt~• -
acquired by it aiter the date hereof (~11 in [orm a:tisfactory to mortgagee). Furt{~ern~ore, ahould mort6aRor
fail to cun any default in the payment oP a prior or inEetior edcumbrance on the pro~,erty . dderibed by
this uutzument, mortgaaor hereby aarees to permit mort~agee to cure such defaul~ but mort{cagee is not
obli6atcii -to do so; wd such advauca ~hall become part oE t~e indebtr.~lnca~ srrured by thu inetrunient,.
subjixt to the same ternu and conditions.
e. The ri6hte created by this conveyance sball remain in (ull force ~nJ eBect duriuK au~ pwtpw~eu~rnl
or extenaion ot the time of the payment of the indebtedneas evidence~l b. rai~l promi~~ onte or am ~~art
thereaf sec~rcd hereby. ?
He wiil coae~nuowlr mainwn hasard in.eurance, of aucL type or types and in wch a~aouab a~ tbe ~
mortRaRee may from time to lime require on the improvement~, noM ur hr.reafter on ~ni~l proprrly, :+nd
will pap promptly when due aay pnmiums therelor. All insursnce ahall be cssried in cowpanie~ aoaptabk ~
~ to mort~aaee and the pc+liciea and ctnewab thereoi shall be held by mort6a6ee and have attached thereto
~ los~ payable clauies in favor of and in form acoeptable to the m~rt6a6ee. In event oE tor, mortaaaor wili 6ive
immediate notice in writia6 to mortsaace, and mortssaese nur make proof o( Iors if not aude prompdr br
a~ort;a~or, and each inaurance company coacerned is 6cnby aythorised and ditected to mike parment for sneb
lws directlr to mort6aaee in~tead of to mort~asor and mortaaaee joindy, and tba insaranoe prooeeda, or anJ?
part tbereof, ~ay be applied by mott~aee at ib optioa either to t6e reduction of tha indebtednd~ l~esebr
secund or to the restontioa or repair of the propertr dsma~yed or ddtroyed. Ya erent of foreclosnre o[ this
mortaaae, or other truufer ot title to aaid propertp in e:tinguiahment o! ihe indebtedneN Mxiured 6erebJr. aU
r±g6t, title. aad intenat of tl~e mortaaaor in and to :dy uuuraace policid then in foroe ~hall paM to the
purchseer or mortg~6ee or, st the optiou o( the mottRa~tee. ma~- br rurtendrrryl [or a re~twd. ~
!
6. Iie will keep ail buildin6,s aad other itnprovementa ou said Nro~rly in ~cond repair and copdition:
wili permit, commit, or suffer ao waate, impsirmeni, deterioration of wid pro+~erty or an~ p~rt thereoi;
in tl~e event oE failure of the mortgaaor to keep the buildiags on wid pren~ises and tl~o~e erected on said
prea~isea. o~ impmvemenb thereon. in ~tood repair, the mortqagee may make aucl~ repairs as in its diecsetiod
it msy deem neeeaaary for the proper preserv~tion thereol; aad the full amount of each and even ~ach
payn~ent shall be itnmedistely due and payable; aad shall be secured br the lien of thiK mort~aFe. -
h. He will aot voluntarily cnate or pere~it to be created a6ainat t6e propettp ~ubject to thu mortaa6e mr
liea or licns in[erior os auperior to the lien of this tnortaase without the written corueat of the mortaa~,e; and
turther, that he will iccep and maintaiu the same irce Irom ti~e claim uf all persuns uupplyinR l~bor or
materials tor conatruction of any and aq bnildin~ or improvemrnts now beinR rrected or to F?e erected ou ~
aaid premi~ea. '
i. He will aot rent or aesean any pari of the rent ot aaid mortgaaed propert~- or demoli~h. or remure,
or subslantially slter any buildinR without the written consent of tlu mortRa~[er.
j. All awards of dama6ea in comiection with any condemnateon for public uee of ur injur~ ~u any o( tl~e
property subject to thi~ mortgaae are hereby as~i6ned and shal! be psid to mortRa~ee, wbo ma~ applr the
~ame to pa~ n~ent of tl~e in~tallments Iaat due under ssid note, and mortaaKee is hereb~ authori:ed. in ,the
nam~ ot tlu mortgaaor, tu execute ~nd deliver valid acquittances thereof and to appeal ~mm any snch awsrd.
k. The wortRa~ee el~ail have the riRht to inspect the mort~ca~ted premik,~ at am• rea~~sble time.
2. Default ia aaJr ot the oovenaab or ~.wnditioaa of this ituttumeat or ot the aote or loan a6r~ement ~eeared
herebr ahall terminate the mort~aEor's riEht to pw~ewion, we, and enjoy-ment of t6e propeetr, at ti~ option oE tbe
~~6~6~ or hia araiEas (it beiaa a6reed that the. morl;aRor shall 6~ve snch ri6bt uatil def~ultj. Upon ~a~ wcL
dctauh, the mort~a~ee. ~h~ll beeome the owner ot all oi the renta aed pw6b aecruin6 aRer defsnlt ar iecnritr
for the iadebtedac~t s~r~d ~ee~eby. ..i~h ~R ri,~,~ ~o aor~e npoa ..id propenr ior ~e p~rpo.e ot eolle~eins wch
reab and profits. Tl~u iastrnment shall operate a. an ani6a»neeu~ oi anr n,~uL on .aid propersr ~o ~bat e.~cen~.
ssw FO 11M f2~ (2.»t BOOK ~J~ PACE e~e~s