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<br /> ' . ' �� . � � � 1: .Mortgagor� is owner and has good right. and power to
<br /> - � � coavey an, absolu�e ti�le, in fee simple, including aIl the righCs of '
<br /> � . . homestead, and wfll warrant and defend the ti�le to the same agafnst � '
<br /> all lawfu7. �lefms. . . . �
<br /> ,� �� � 2. To gay all siaoa� hereby secured when due. � �
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<br /> ; � ` - _� - -_- >-,�. Tg gay when� due -a�2 tsx�s �-td agsess�ts of �very �yge �
<br /> i � or nature levied ar assessed against said property, �r upon the �
<br /> � � Mortgagee's interest. therein; and also to pay any claim, lien or
<br /> , � �' encumbrance agaiasC 'said property which n�ay be or become prior and
<br /> . ` senior to the lien of this mortgage. _� " ,
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<br /> . ? : • 4. To keep all bufldings on th� mortgaged propertp i�sured � �
<br /> ' � � agaipst loss aad damage by �fire, windstoritt and athzr hazards, with
<br /> ' such ins�rance campany or companies, and in such amounts, 'as are . . �
<br /> � - ; . =.; � � satisfactorq with the:Mortgagee, �and with, tlie proc�eds of loss payable �
<br /> . + to the Mortga�ee as its fnterest map appear. The policies of insurance, � �
<br /> � ' . ; and abstracts and o�her evidence of ti.tle, sha21 be delivered to and
<br /> � � held by the Mortg�gee without l�ability, and upon foxeclosure of this
<br /> . ; mortgage, or acquisition of the rea]. estate or any part thereaf, ia . � �
<br /> ; an� other manner� sha11 become the absolute property of _the M�srtgagee.
<br /> � Th� net Zoss pzoceeds shall, at Mortgagee's option, be applied to said . �
<br /> ; indebtedness, whether due or not, or to the restoration of the imp��ve- �
<br /> � ! � ments, or all or any part thereof.map be released by �fortgagee. In �
<br /> ; event of foreclosure, Mortgagor authorizes and empowers Mortg��ae to `���- �
<br /> . � e€£ect insurance upor� the premises �.n the amounts aforesaid r�� a �� '�
<br /> ' ' period covering the time of redemption from foreclosure sale, and if ��
<br /> : necessary therefor to cancel any or all existing insurance palicies.
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<br /> 5. . Mortgagor will not remove or demolish nor altes *Iie �
<br /> des�gn or strnctural. character of any building now or hereafte� erected
<br /> ' upen the premises �without written: permission of Mortgag�e and will �^_
<br /> maintain the premises in goad condition and repair. —
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<br /> . 6. In the event Mortgagor fails to �aay any claims, lien or . �
<br /> . � era�umbrance or the taxes or assessments above �entioned, or pay the `�
<br />: � pr�mi�ma. of insurance, or keep saf d premises in repair, or� shall comnit � �
<br /> ar permit the commiss3on of any waste, �r the removal �� any part of f
<br /> � the premises including oil, gas, minerals, sand or gravel, vr shall �
<br /> �. . � defrault in the performance of any of the terms, covenan�s and agreements ���
<br /> � of the pramissory rote, or noteg. secured by this mortgage, or of this �
<br /> � moxtgage, or if the Mortgagor sha12 abandon said propesty, or if the "
<br /> . Mortgagee shall be made a party in any suit on account of the Pxistence �
<br /> ' o£ this mortgage or involving the title to said real est�te� the Mortgagee
<br /> may nay aA�� _i���M� ���;��, ciaC;w7tvtqtlGCL�f� caxes, assessments or premiums, �
<br /> - wf�h right af subrogation thereunder, or make re pairs,--or purchase a t a x � - - �
<br /> t i t 2 e, a r�a m a y p r o c u r e auc h a bstracts o f t3.tle or other eviden c e o f t i t l e
<br /> as it deens necessary, or pay court evsts� and all sums so paid, with
<br />- . � ia�erest at the maximum rate allowable by law, sha11 become a gaxt of the
<br /> indebtedness secured hereby shai�. beco�e and be immddfately dan� and pay-
<br /> able at the option of the�Mortgagee wfthout notice or demand, which a�e
<br /> hereby expressly waived, and this mort�a�e may be foreclosed, �
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