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<br />1. Tlm mortgagor eovmmt. and agrees a. follows: ~ i a~ ° ` i~ V ~.11. ~ 4~
<br />a. He will promptly pay the iadebtednew evidenced by said promissory note at the timm and in the
<br />tnra+ner therein provided
<br />b. He will gay all taxes, armsntents. wauz rates, and other governmental or municipal charges, fines, or
<br />impasidotta, for which provision has not bem made heninbefore, and will promptly deliver the official receipts
<br />therefor to the said mortgagee.
<br />r. He will pay such ezpensea and fees as may be incurred in the protection and maintenance of said
<br />property, including the (sea of any attorney employed by the mortgagee for the collection of any or all o[
<br />the indebtedness hereby secured, or for foreclosure by mortgagee's sale, or court proceedings, or in any other
<br />litigation or proceeding affecting paid premises. Attorneys fees reasonably incurred in any other way shall be
<br />paid by the mortgagor.
<br />d. Far better security of the indr6tedness hereby secured, upon the request of the mortgagee, its suc-
<br />eeaaors or assigns, he shall Pzecute and deliver a supplemental mortgage or mortgagor covering any additiorts,
<br />improvements, or betterments made to the property hereinabave described :rid all property acquired by
<br />it after the date hereof i all in form satisfactory io mortgagee ). Furthermore, should mortgagor fail to cure
<br />any default in the payment of a prior or inferior encumbrance nn the property described by this instrument,
<br />mortgagor hereby agrees to permit mortgagee to Burr such +lefauit, but mortgageP is not obligated to do sa;
<br />and such advances shall become part of the mdebtednrss secured by this instrument. subject to the same
<br />terms and eanditiona.
<br />r. "Phr rights rreateri by this conveyance shall remain in fltll force and effect during any postponement
<br />or extension of the time of payment of the iodrbtedness evidenced h.:,aid promissory note or any part thereof
<br />secured hereby.
<br />f. He will ranttnumtsiy maintain 6axard insurance, of such type or h•pes and in such amounts as the
<br />ntortgagrr man Etc>n) tune to ume regazm un the improvements nnw nr hereafter nn said property, and
<br />;sill pap promptly when due any premittms therefor..All inenrana shall be carried in twmpanim acceptable
<br />to mortgagee and the policies and renewnle thereof shall be 6cld by mortgagee and have attached thereto
<br />low payable clattsm in favor of and in form acceptable to the mortgage. In event of loos, mortgagor will give
<br />immediau notice in writing to mortgagee, and mortgagee may make proof of low if not made promptly by
<br />mortgagor, sad each insurance company concertted i a hereby authorised and directtd to make payment fot ouch
<br />for directly to mortgagee instead of to mortgagor and mortgagee jointly, and the i»sarana prorxeda, or any
<br />pert thereof, may be applied by mortgage at iu option either to the reduction of the indebtednms hereby
<br />secured or to the restoration oz repair of the property damaged or destroyed. In event of foreclowre of thin
<br />mortgage, or other transfer of title to said property in eztinguiahment of the indebtedness secured hereby, alI
<br />right, title, and inutest of the mortgagor in sad to any inettrance policim then is fora shall par to the
<br />purchaser or mortgagee or, at the option of the mortgagee. mac he surrendered for a refund.
<br />g. He will keep all buildings and other improvements 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 and those erected on said
<br />premises. or improvements thereon, in good repair, the mortgagee may make each repairs ae in its discretion it
<br />may dorm urressarv for the proper preeen~ation therm(; and the full amount of each and every such payment
<br />shall be immediately due and payable and shall be secured by the lien o[ this mortgage.
<br />h. Ht wil) not vohmtarily create ar permit to be rrcated against the property subject to this mortgage
<br />any lien or liens inferior or superior to the lien of thig mortgage without the written consent of the mort-
<br />gagee: and further, he will keep and maintain the same free from the claim of a^ persons supplying labor ar
<br />materials for ronatrvction aE env and all buildings or impn)ventents now being erected or to he erected nn
<br />raid pcemiaor.
<br />i. lfe will not mnt or assign ant part of the rent of said mortgaged property or demolish, or remove.
<br />or substantially altec env building without the written consent of the mortgagee.
<br />j. A11 awards of damages in ratmection with arty condemnation fnr public use of or injury to any of the
<br />property subject to this mortgage are hereby assigned and shall be paid to mortgagee, who may apply Lie
<br />axme to payment of the installments last due under said note, and mortgagee is hereby authorised, in the
<br />name of the mortgagor, to execute and deliver valid acquittances thereof and to appeal from any such award.
<br />k, The mortgage shall have the right to inspect the mortgaged premises at any reasonable time,
<br />2. f]efaa}[ in say of the covenants or conditions of this instrument or of the note ar loan agrrrment xerured
<br />hezelty shall termioatc the mortgagor a right to possrssinn, use, and enjoyment of the property, nt the aptinn o[ the
<br />tnortgagte or his assigns : it being agreed that the mortgagor shall have such right until default t. 1 yon env xurh
<br />dafaalt, the mortgagee shall brrame the owTtrr of al! of the yenta and profit. accnnng after ,lrtault sa srrurity
<br />for the iadehttulneslr r~er-ure.l Irerebv, with the rirht to enter span said prnprrtr for tfry purpose of rollreting inch
<br />renU sad pro6fa. This instrument shall operate as an assignment of env rrntala on said proprrtv to that Pztrnt.
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