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1. The mortgagor covenants and agree, as follows:
<br />85= ;W002105
<br />n' He will promptly pay the indebtedness evidenced by said promissory, note at the times and in �
<br />maooer therein provided
<br />b. He will pay all taxes, awesaments, water rates, and other governmental
<br />impos'timts, for which provision bas not been made hereinbefo g rmnetnal or municipal eharges, f5ttasly m
<br />therefor to the said mortgagee, re. and will Promptly deliver the official receipts
<br />C. He will pay such expenses and fees as may be. incurred in the protection and maintenance of said
<br />property, including the fees of any attorney employed by the mortgagee for the collecti
<br />the indebtedness hereby secured, or for foreclosure by mortgagee's sale, or court proceedi on of any or all of
<br />ngs, or in any other
<br />litigation or proceeding affecting said premises. Attorneys' fees reasonably incurred in any other way shall be
<br />paid by the mortgagor.
<br />d. For better security of the indebtedness hereby secured, upon the request of the mortgagee, its suc-
<br />cessors or assigns, its shall execute and deliver a supplemental mortgage or mortgagee covering any additions,
<br />improvements, or betterments made to the property hereinabove described - nd all property acquired by
<br />it after the date hereof (all in form satisfactory to mortgagee). Furthermore, should mortgagor fail to curt
<br />any default in the payment of a prior or inferior encumbrance on the property described by this instrument,
<br />mortgagor hereby agrees to permit mortgagee to cure Stich default, but mortgagee is not obligated to do no;
<br />and such advances shall become part of the ittedebtedness secured by this instrument, subject to the same
<br />terms and conditions.
<br />e. The rights created by this convevance shall remain in full force and effect during any postponement
<br />or extension of the time of payment of the indebtedness evidenced by said promissory note or any part thereof
<br />secured hereby.
<br />f. He will continuously maintain hazard insurance, of such type or types and in Such amounts as the
<br />mortgagee mar from time to time require on the improvements now or hereafter 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 hereto
<br />loss payable clauses in favor of and in form acceptable to the mortgagee. In event of 1
<br />immediate notice in writing to mortgagee, and mortgagee may make proof of loss if no made promptly tbe
<br />mortgagor, and each insurance company concerned is hereby authorized and directed to make Payment s y
<br />loss directly to mortgagee instead of to mortgagor and mortgagee joint) for such
<br />part thereof, may be applied by mortgagee at its option either to the reduction eofthe indebtedness hereby
<br />secured or to the restoration or repair of the property damaged or 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 />purchaser or mortgagee or, at the option of the mortgagee, may be surrendered for a refund.
<br />g. He will keep all buildings and other imp.,;vements on 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 the mortgagor to keep the buildings on said premises anti those erected on said
<br />premises, or improvements thereon, in good repair, the mortgagee may make Much repairs as in its discretion it
<br />may deem necessary for the proper preservation thereof; and the full .urloun y, t of each and ever such payment
<br />shall be immediately due and payable and shall he secured by the lien of this mortgage.
<br />h. He will not volurttarily create or pe.rtuit to ilc° 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 niort-
<br />gage'e; and further, he will keep and maintain the same fret from the claim of .ell persrms supplying labor or
<br />materials for construction of ally sited all buildings or improve nleilts nog being erected or to he erected on
<br />said premises.
<br />i. He will not rent or assit n ;env part of the rent of said rortgaged property or demolish, or remove,
<br />or substantially alter any hit "11 ng without the written con.•eret of ill(, mortgagee.
<br />j. All awards of darrlagt's in connection with anv eondelu►lalio ►e for prlhlrc use of or inje►ry to arty of the
<br />property Nubjec•t to this mortgage are hereby assigned and shall he paid to rnortgager, who may apply the
<br />same to pavrnent of the insthlltnents last title under said note. and mortgagee i.., hereby authorized, in the
<br />name of the• mortgagor, to execute and deliver valid acfloittance< thereof ,11141 t4, :1p1„ al front anv such :,ward.
<br />k. "'Ile mortgagee »11:111 have the right to inspect the mortgaged premises at any reasonable time.
<br />Z. lh'farllt in anv of the ceryellarlk or rno,fitions of this in+lnunent or a,( 1114• ante or 101,111 aktrc, °rne'nt secured
<br />hereby shall terminate the loortgagor's right to 1111..,• inn. u�c, and rnlnymerrt ,.( 1114 (,roll, lty. JI 1111 nplin11 of the
<br />mortgage', or him ,1ssibn� it lo'1"1; ;sues,' tFral the
<br />ters4 �e•r ,1er1111rc loort��or default, the luorlgag, °c h •u h rt ht 1111111 de(anll i. l poll any for the tilt oar►e ► the rent< such
<br />,
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<br />ored hereh�, y+itlr the• n�lrt to enter it V"" ..,1111 I,r�nperte forrI1w porpo . of cIllesrtinek loch a
<br />rents and profits. •Phis irlslrornent shall 4,pe
<br />tale :IS All aNaig►rnlr•ol of ally ►e11t�ela ,err w ,1111 to ►,alle•r4'1 (n t1r.m1 + °Xlt•11t
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