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<br />I. The mortgagor covmmb and agrees r folhrwr:
<br />s. He will promptly pay the indebtedner evidenced by said promitsory note at the times and in the
<br />roamer therein prodded
<br />b. He will pay all tares, aseessmenta, water rates, sad other governmental or municipal charges, flew, or
<br />impodtioos, for which provision ho not been made hereinbefore, and will promptly deliver the o(6cia) r~ipL
<br />therefor to the said mortgagee.
<br />r.. 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 collection of any or all of
<br />the indebtedness hereby secured, or For foreclosure by mortgagee's sale, or court proceedings, 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 o[ the mortgagee, its suc-
<br />cessors or assigns, he shall execute and deliver a supplemental mortgage or mortgagee covering any additions,
<br />improvements, or betterments made to the property hereinabove described : od ail property acquired by
<br />it after the date hereof (all in form satisfactory to mortgagee). Furthermore, should mortgagor fail to cure
<br />any defaait 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 such defaul4 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 by said promissory note or any part thereof
<br />secured hereby.
<br />f. He will continuously maintain hazard insurance, oC such type or types and in such amounts ae the
<br />mortgagee may 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 aoeeptable
<br />to mortgagee and the policies and renewals thereof shall be held by mortgagee and Gave attached thereto
<br />Ior payable clause in Cavor of and in form acceptable to the mortgagee. In event of loss, mortgagor will give
<br />immediste notice in writing to mortgagee, and mortgagee may make proof of loos iE not made promptly by
<br />mortgagor, and each insurance company concerned is hereby authorised and diteeted to make payment for such
<br />lase directly to mortgagee instead of to mortgagor and mortgagee jointly, and the insttranoe proceeds, or any
<br />part thereof, may be applied by mortgagee at ib option either to the reduction of the indebtedner hereby
<br />secured or to the ratoration or repair of the property damaged or destroyed. In event of foreclaeare of this
<br />mortgage, or other transfer oC title to said property in e:tinguiahment of the indebtedness secured hereby, all
<br />right, title, and interest of the mortgagor in and to any insurance policies then in force shall par to the
<br />purchaser or mortgagee ar, at [be option of the mortgagee, may be 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, deterioradan 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 such repairs as in its discretion it
<br />may deem necessary for the proper preservation thereof; and the full amount of each and every such payment
<br />shall be immediately due and payable and shall be secured by the lien of this mortgage.
<br />6. 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 oC this mortgage without the written consent of the mort-
<br />gagee; and further, he will keep and maintain the same tree Crom the claim of all persona supplying labor or
<br />materials for construction of any and all buildings or improvements new being erected or to be erected on
<br />said premises.
<br />i. He will not rent or assign any part of the rent oC said mortgaged 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 any condemnation for 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 the
<br />saute to payment of the ioatalhnente last due under said note, and mortgagee ie hereby authorised, in the
<br />name of the mortgagor, to execute and deliver valid acquittances thereof and to appeal from any each award.
<br />k. The mortgagee shall have the right to inspect the mortgaged premier at say reasonable time.
<br />Z. lhSanit in say of the covenants or conditions of this instrument or of the Dote 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 arigns (it being agreed that the mortgagor shall have such right until default). Upon any such
<br />defaait, the mortgagee shalt become the owner of all of the teats and profits accruing after default ae security
<br />tar the indebtedness secured hereby, with the right to enter upon said property Cor the purpose of collecting such
<br />rents anti probta `Yhis instrument shall operate as an sesigamnnt,of any rentak on said property to that extent.
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