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1..,The mortgagor covenants and agrees a's follows:
<br />a He willpromptly pay 'the indebtedness evidenced by said promissory note at the times and in the
<br />manner; therein ptovided'
<br />b. He will pay all taxes, assessments, water rates, and other governmental or municipal charges, fines, or .
<br />impositions, for which provision has not been made hereinbefore, and will promptly deliver the official receipts
<br />therefor to the said mortgagee.
<br />C. He will•pay such expenses and fees as may be incurred 'i.i the. protection and nmaintenance of said
<br />'pro perty,'includin' 'I C' fees of qui} attorney employed liy the mortgagee for the collection"of`ally or all of
<br />the indebtedness.hereliy"secured, or for foreclosure by mortgagee's sale, or court proceedings, or in any other
<br />litigation or proceeding :iffe'eting said premises. Attorneys' fees: reasonably incurred in any oilier way shall be
<br />paid by the mortgagor:
<br />d. For bettersecurity of the indebtedness hereby secured; upon the request of the nioitgagee, its.suc-
<br />cessors or assigns, lie shall execute, and deliver. supplemental mortgage or mortgages covering any additions, .
<br />improvements, -or betterments inadc.'to the property hereinabo%c.described and all,property acquired.by
<br />it after -the date hereof (all in form, satisfactory to mortgagee). F}}urtliermore,•should mortgagor fail to cure
<br />any default in the payment of a prior or inferior encumbrance onkhe property described by this instrument,
<br />mortgagor liereby agrees to permit mortgagee to cure such default, but mortgagee is not obligated to do so;
<br />and such advances shall become part of the indebtedness secured by this instrument, subject to the same
<br />terms and conditions.
<br />e. The rights created by this conveyance shall remain in full force and effect during any postponement
<br />or extension of the time of payment of the indebtedness evidenced h}' said promissory note orally part thereof
<br />secured hereby.
<br />f. He will continuously maintain hazard insurance, of such type or types and in Silcl] amounts as the
<br />mortgagee may from time to time require on the iniprovenv nts now or liereafter on said property, and
<br />will -pay promptly when due any premiums therefor. All insurance shall be carried in companies acceptable:
<br />to mortgagee and the policies and renewals thereof shall be held by mortgagee and have attached thereto
<br />loss payable clauses in favor of and in form acceptable to the nio�tgagee. In event of loss, mortgagor will give
<br />immediate notice in writing to mortgagee, and inort'gagee may make proof of loss if not made promptly by
<br />mortgagor, and each insurance company concerned is hereby authorized and directed to make payment for such
<br />loss directly to mortgagee instead of to mortgagor and mortgagee jointly, and the insurance proceeds, or any
<br />part thereof, may be applied by mortgagee at its option either.to the reduction of the indebtedness hereby
<br />secured- or to the restoration or repair of the property damaged o% destroyed. In event of foreclosure of this
<br />mortgage, or other transfer of title to said property in extinguishment of the indebtedness secured hereby, all
<br />right, title, and interest of the mortgagor in and to any insurance policies then in force shall pass to the
<br />purebaser or mortgagee or, at the option of the nmortgagee, niay..b surrendered for a refund".
<br />g. He will keep all buildings and other improvements otr,said property in good repair and condition; .
<br />will .permit, commit, or suffer no waste, impairment, deterioration of said property or any part thereof;
<br />in the event of failure of time mortgagor to keep the buildings•.o>j said premises and those erected on said
<br />premises, or improvements thereon,' in good repair, the mortgagee maymake such repairs as in -its discretion it
<br />may•deenm necessary for the proper preservation thereof; and the full amount of each and every such payment
<br />shall be immediately due and payable and slmall be secured by,tlneilien of this mortgage:
<br />h. He will not voluntarily create or permit to be created against the property subject to this mortgage
<br />any lien or liens inferior or superior to the lien of this mortgage without the written consent of the mort-
<br />gagee; and further, lie will -keep and maintain tlne same free front the claim of all persons supplying labor or
<br />materials for construction of any and all buildings or improvements now being erected or to be erected oil
<br />said premises.
<br />i. He will not rent or assign any part of the rent of said mIrtgaged property or demolish, or remove,
<br />or substantially alter any building without the written consent of the mortgagee.
<br />j. All awards of damages in. connection with ally condemnation for public, use of or injury to.any of the
<br />property subject to.this niortgage.are_hereby assigned and shall } e paid to mortgagee, who may apply the
<br />same to payment of the insudinlents last due under said note, and mortgagee is hereby authorized, in the
<br />name of the mortgagor, to execute and deliver valid acquittances thereof and to appeal front any such award.
<br />h-. The mortgagee shall have the right to inspect the mortgagled premises at any reasonable time.
<br />2..Default in any of the covenants or'conditions of this instrument -or of the note or loan agreement secured
<br />hereby shall terminate the mortgagor's'right'to possession,' use, and enjoyment of the property, at the option of the
<br />mortgagee or .his assigns (it being agreed that the mortgagor shall have such right until default).;.Upon any such
<br />default, the mortgagee shall become the owner of all of the rents and profits accruing after default as security
<br />for the indebtedness secured hereby, with the right to enter upon said. property for thc' purpose of collecting such
<br />rents and profits. This instrument shall operate as an assignment of any `rentals on said property to that extent...._
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