|
<br />$~=Q~1:1~ l~
<br />1. morl6a~proarm[saSaatnid'a~naeaaatollowa;
<br />a He will prasaptly peg the indebtedner evidented by said promiasary nou st the times sad in the
<br />maotaer t6ettxn provided
<br />b. He will gay all toga, arstta, water rtes, and otlxr govet~ameaul or mntticipal cltarg¢+s, fimee, or
<br />impodtiona, for-which provision has not beta made 1,:r.;.sl,.tora wd will promptly deliver the official aetxipta
<br />thett:for to the said mortgagee.
<br />c. fie will pay such expenses and fees as may be incurred in the protection and maintenance of said
<br />property, including the fees of any attorney employed by the mortgagee for the collection of any or all of
<br />the indebtedness hereby secured, or for foreciosam by mortgagee's sale, or court proceedings, or in any other
<br />litigation or proceeding affecting said premises. Attorneys' fees reasonably incurred in any other way shall be
<br />paid by the mortgagor.
<br />d For batter secarity of the indebtedness hereby secured, upon tine request of the mortgagee, its soar
<br />ceseots or assigns, he shall execute and deliver a supplemenu$ mortgage or mortgages covering any additions,
<br />improvements, or betterments made to the property hereinabove described : nd all property acquired by
<br />it after the daft hereof (all in frrm satisfactory to mortgagee 1. Furthermore, should mortgagor fail to clue
<br />stay defmlt in the payment of a prior or inferior encumbrance on [he property described by this instrument,
<br />tortgagor hereby agrees to permit mortgagee to curs such default, hnt mortgagee is not obligated to do so;
<br />and such advances shall become part of the indebtrdnes.9 secured by this instrument, subject to zhe same
<br />toms and conditions.
<br />e. The righua created by this ronvecanee shal$ remain in full force and effect during any poatpanement
<br />or extension of tine time of itasment oC the indebtednrs< evidenced by said promisso»- Hate or any part thereof
<br />secured herrbv.
<br />j. Nt wil$ continuously maintain haaard insurance, of such ivpe ar types and in such amounts ae the
<br />mortgagee may from [imr to time rtquire an zhe improvements now or hereafter an said property, and
<br />will pay prnmptly when duo any premittma therefor. All ituartmce shall be carried is companies aooeptable
<br />to mortgagee and the policies and renttvsir thereof shall let hdd by mortgagee sad have attached therew
<br />lass payable cJattses in favor of sad in form ataceptabk to the mortgagct. la event of low. mortgagor will give
<br />immediate notice in writing to tnortgagew and mortgagee may make proof ~ lac if trot roads promptly by
<br />maa'tgagor, said gash ittanrance company oomcteraertl is hereby anthoriaed and dirceted to make payment for stub
<br />lass diraetly Lo maKgagee iosteu$ of to mortgagor and mortgagee joeatly, wad the ittwrance proacaeds, or any
<br />part thtxeof. rosy be apgtied by mortgagee aL iu option either to zhe reduction of the intlebteaibttar hereby
<br />secured ate to the reatetratioa or repair of the property datnaged or destroyed.. In guest of forcclosare of thin
<br />mortgag+r or other iraasfcr of title to acid property in eztanguishment of the iadebtedaer aecttred hereby, all
<br />right. tine, and interest of the mortgagor in and to any insurance policies ehea in Corse shall par to the
<br />purchaser or tortgagee or, at xhe option of the mortgagee, may be aurrendtred for a refund.
<br />g. Nt will keep all buildings and other fmprovemeaU on said property in good repair and condition;
<br />will permit, commit, or suffer no wash, impairment. deterioration of said property ter any part thereof;
<br />in xhe event of failure of the mortgagor to keep the buildings on said premises and those ereeud an said.
<br />premises, or improvtyrtenza thereon, in good ropair, the mortgagee may make such repairs as in its discretion it
<br />may dorm necessary for the proper prrsttvation thereof;. and iht full amount of each and every such payment
<br />shall betmmedaate$y <lut and lxayable and shall be secured by rho lien of this mortgage.
<br />h. Ht will not volpntariiy create or permit to be mated against the property subject to this mortgage
<br />any lien or liens inferior or superior to the lien. of this mortgage without rite written consent of the roosts
<br />gager: sad. further, he will keep and maintatn tht earns free irnm the claim of all persona supplying labor or
<br />materials for ronstntttion of any and all buildings or impravementa now bring erected ar to be erected on
<br />said premises.
<br />i. llt will Hat rent or asatsgn any part of zhe rent of said mortgaged prnptrty or demolish, or remove,
<br />or substant$ally after any buildang without the written consent of zhe mortgagee.
<br />J. All awards of damages in contaection with any condemnation Oar publac use of or injury to any of the
<br />prapertr subject to,this nortgage are henebv arigned and shall bt paid to mortgagee, who may apply the
<br />same-to payment. of the iasitdlmtaaa Iasi date under said note, sad mortgagee is hereby authorised, in the
<br />trams of the mortgagor, to execute and de$ia~tr valid acquittances thereof and to appeal from any such award.
<br />k. Tire mortgagee shall have tht right to inspect the mortgaged premises at any reasonable limo
<br />2. I)~ault in any of the covenants or conditions of this inatrunttnt or o4 the Hate ar loan agreement secured
<br />herdry shsU ~at~sinate,Yhtmortgagar's right to posetasion, use, and enjoyment of the praprrta, at the option of the
<br />[nortgager or Iris arigna fit being agreed that Litt mortgagor shall have such right until defaults. Upon any such
<br />defauh, the martgsgct shal$ bttome the owner of a1$ of flag rents and profits accruinYG rfter default as security
<br />far the indebtedness secured hereby, with. the right to enter upon said prapertp• for the purpose of roliecting such
<br />atiatb. aaad. pn¢ftu. This instrument shall operatersats.aeeige:meat of axcy rentals on raid proprrt}~ to that extent.
<br />
|