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89-- 100432 1 L TMat.eytyae a w.awataattd a�tess a.t ti.w.: e. as will promptly pair do imlebted■sr evidenced by said promissory note at tie bead and is tits a�■■sr tlssauin pleviisd L Se will par A tatste, arssMssne, water rates` and 06" govettnsW&Ud or Municipal d%&XP4 flint*- ar imposildosse, for which praviairh has mot has aade hereinbef9io, and will promptly deliver the official receipts therefor to the said to "4641" e. He will pay such expenses and toes as may be incurred in the protection and' maintenance of said property, including the fen of any attorney employed by the mortgagee for the collection of any or all of the indebtedness hereby secured. or for foreclosure by mortgagee's sale, or court proceedings, or in any other litigation or proceeding affecting sold premises. Attorneys' fees reasonably incurred in any other way shall be paid by the mortgagor. A For better security of the indebtedness hereby secured, upon". the request of the mortgagee, its.suc.-, cessors or assigns, he shall execute and deliver a supplemental mortgage;or martgttgea covering any addioc' ns: improvements, or betterments made to the property hereinabove (1@% rihed :nd all property acquired fay . , it after the date hereof (all in form satisfactory to mortgagee). Furthifranere, should mortgagor fail to cote any default in the payment of a prior or inferior encumbrance on the'�voperty described by this instrument, mortgagor hereby agrees to permit mortgagee to cure such default, but mortgagee is not obligated to do so; and such advances shall become part of the indebtedness secured by this instrument, subject to the same terms and conditions. e. The rights created by this conveyance shall remain in full force and effect during any postponement or extension of the time of payment of the indebtedness evidenced by said promissory note or any part thereof secured hereby. j. He will continuously maintain hazard insurance, of such type or types and in such amounts as `tile mortgagee may from time to time require on the improvements now oa hereafter on said property. and will lay promptly when due any premiums therefor. All insurance shall be carried in companies accepts" to mortgagee and the policies and renewals thereof *ball be held by mortgagee and have attached tale MW lose payable clatsea tin favor of and in forte acceptable to the motrtgagm in event of loss, mortgagor will give immediate notice in writing to mortgagee, and mortgagee may make proof of loos if not made promptly by mortgagor, and each insurance company concerned is hereby authorised and directed to make payment for sow% loss directly to mortgagee instead of to mortgagor and mortgagee jointly. and the insurance procee& or any part thereof, may be applied by mortgagee at its option either to the reduction of the indebtedness hereby second or to the restoration or repair of the property damaged or destroyed. is event of foreclosure of this mortgage, or other transfer of title to said property in extinguishment of the indebtedness secured hereby. all right, title, and interest of the mortgagor in and to any insurance policies then in force shall par to the purchaser or mortgagee or, at the option of the mortgagee, may he surrendered for a refund. a. He will keep all buildings and other improvements on said property in good repair and condition; will permit. commit, or suffer no waste, impairment. deterioration of said property or: any part thereof; in the event of failure of the mortgagor to keep the buildings on said premises and those erected on said premises. or improvements thereon, in good repair. the mortgagee may make such repairs as in its discretion it may deem necessary for the proper preservation thereof: and the full amount of each and every such payment shall be immediately due and payable and shall be secured by the lien of this mortgage. b. He will not voluntarily create or permit to-be created against the property subject to this mortgage any lien or liens inferior or superior to the lien of this mortgage without the written consent of the mort- gagee; and further, he will keep and maintain the same free from the claim of all persons supplying labor or materials for construction of any and all buildings or improvements now being erected or to he erected on said premise *. i. He will not rent or assign any part of the rent of said mortgaged property or demolish, or remove.. or substantially alter any building without the written consent of the mortgagee. j. All awards of damages in connection with any condemnation for public use of or injury to any of the property subject to this mortgage are hereby assigned and shall he paid to mortgagee. who may apply the same to payment of the instlllments last due under said note.. and mortgagee is hereby authorized, in the name of the mortgagor, to execute and deliver valid acquittances thereof and to appeal from any such :award. k. The mortgagee shall have the right to inspect the mortgaged premises at any reasonable time. 2. Default in any of the covenants or conditions of this instrument or of the note or loan agreement secured hereby shall terminate the mortgagors right to posseasion. use, and enjoyment of site property, at the option of the L mortgagee or his assigns (it being agreed that the mortgagor shall ha-.e such right until default f. upon any such default, the mortgagee shall become the owner of all of the rents anti liroMs arcruiug after default as security for the indebtedness secured hereby, with the right to enter upon said property for the purpose of collecting ouch ti rents and profits. This instrument shall operate as an assignment of any rentals on saiii property to that extent. �t¢ i �ih .