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1. 9'be murl~r~r eovttn~b sal s~t+aer au fttl~: +~ "'~` i Iv f } 3 3
<br />s. Ile will promptly Fray the indebtednas evidentxid by said ptermisway note at rite times aad is the
<br />mtusaer tl>araia provided
<br />b. fie will pay all taaa, assaamenu, water ntea, and other governmental or municipal charges, fines, or
<br />ispai~titoas, fa• which pruYiaim has Hat been made Itereinbefore, and will pmmpdy deliver the official reeefpta
<br />therefor to the said mortgagee.
<br />c. He will pay such expenses and fees ax may be incurred in the protection aad 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, ar court proceedings, or in any other
<br />litigation or proceeding affecting said premises. Attorneys' fees reasonably ineureed in any other way shall be
<br />paid by the mortgagor.
<br />d. For better eecttrity of the indebtedness hereby secured, upon the request of the mortgagee,-its suc•
<br />ceawra or assigns,. hcshall execute and deliver a aupplementa9 mortgage ar mortgagee covering. any-addition,
<br />improvements, or betterments tnadt to the property hereinabove describxd : nd all property acquired by
<br />it after the date hereof {all in farm satisfactory to mortgageej. Furthermore, should mortgagor fail to cure
<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 such default, ibut mortgagee is not obligaxed io do eo;
<br />and such advances shall become part of the indebtedness secured by this instrument. subject to the same
<br />testtu and conditions.
<br />e. The rights created by this conseyance shall remain in full force and effect during soy postponement
<br />oz extension of the time of payment of the indebtedness evidenced by said promiasorr• note oe guy part thereof
<br />secured hereby.
<br />f. He will continuously maintain hazard insurance, of such type or types and in such amounts ae the
<br />mortgagee may from time to time require on the improvements now oe hereafter on said property, and
<br />will pal Promptly when doe any preminma therefor. All inurance shall he carried in companies aoceptabie
<br />to mortgagee and the policies and traewale thereof eh:Il be held by mortgagee and. have attached thereto
<br />loss payable clauses in favor of a~ in form a«xptabb3 to the tnortgagrec. In event of Iona, mortgagor will give
<br />imaaediate ~tiec in writing to mortgagee,. aad mortgagee may make. proof of loss if not made promptly by
<br />mortga®sr, asd eaeh:.imurance company roneerned is hereby :uthotised. aad directed to make payment for such
<br />lay directly to mortgagee inKe+d of to mortgagor aad mortgagee jointly, and the inanraatx-proasetL, or any
<br />part theeeot, may be applied by mortgagee at its option. either to the rednrtiaa of the indebtedtaeas hereby
<br />secured err to the restorrtti~ or ropair of she. property damaged or destroyed Ia event of foreelwuro of this
<br />mortga6e, or other transfer of title to said property is eztiagniahmeat of the indebtedness secured hereby, aII
<br />right,. title„ aad interest of the tttotigagor is aad to any insurance policies then in force shall. par to the
<br />purchaser exr mortgagee or, at the option of the mortgagee, may be surrendered for a refund.
<br />g. He will keep ail buildings and other improvements an said property in good repair and condition;
<br />will permit commit, or suBer no waste, impaim-ent, deteriaeation 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 rpair, the mortgagee may make ouch repairs ae in its discretion i4
<br />may deem ne.~easary for the proper preservation thereof ; and the full amount of each and every such payment
<br />shall bermmedutdy due and payable and ehaII be secured by the: lien of this mortgage.
<br />!t. He will twt voluntarily create or permit to be crated against the property subject to this: mor-gage
<br />any Ilea or liens,infcrior or superior.. to the lien of this mortgage without the written consent of the mort-
<br />gagee; and. further,: he will<keep and maintain the same free from the-claim of all persona supplying labor or
<br />materials for cowtntctian of any and all buildings or improvements now being erected or to be erected on
<br />said prcrnise~
<br />i, He will not rant or assign any part of the rent of said mortgaged property or demolish, or remove,
<br />ar subataatisily alter any building withoat the written consent of the mortgagee.
<br />F A1L awstds of damages is eonneetioa with any condemnation for public use of or injury to any of the
<br />properly wbject to this mortgage are hereby auigned and shall 6c paid to mortgagee,. who may apply tltc
<br />name to payment. of the instalbaeats last. due- under said note, and mortgagee is hereby authorized, in the
<br />name aC the mortgagor,. to execute and deliver valid acquittances thereof and to appeal from any such award.
<br />ft. The mortgagee, shall have the right to inspect the mortgaged premises at any reasonable aitne.
<br />Y. t~efattlt in guy of the covenants ar conditions of this. instrument of of the Holt, or loan agreement secured
<br />hereby shall t~nninate the mortgatgot•'s right to posseasian, nee, and enjaymettt of the property, at the option of the
<br />mortgagee or. his assigns fit being agreed that the mortgagee shall have such right anti! default}, Upon any such
<br />:lrfauit. the morig®gee shall lxcome the owner of atl of rtes rents aa~3 profits accruing after default as security
<br />far .the indebt~dtsess secured Itcreby, with the right to enter upon said property for the purpose of collecting each
<br />rtanu sod pro&Ls. ~'lris itastrurtteat shall operate as an;awignatent of any .rentals oa said property to that extent.
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