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<br />1. 'The mortgagor onwbsata sad. agreeaas follows:
<br />s. He will promptly pay the indcbtedaees evidenced by said promissory note at the times sad is the
<br />m~mer thw'ein prorided
<br />b. He will gay all tares; aeseesments, water rates, and other goveramentsl or municipal chrrges, fines, or
<br />impositions, for which proriaion bas not bees made hereittbefore, and will promptly deliver the official receipt
<br />therefor to the said mortgagee.
<br />c. 13e will pay such expenses and flees 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, orinany other.
<br />litigation or proceeding at[csting said premises. Ateorneye'teea reasouabiv 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. auc•
<br />ceaeors oraseigns, he hall execute and deliver a supplemental mortgage or mortgagee covering any additioee,
<br />improvements; or betterments made to the property.. hereinabove described znd all property acquired by:-
<br />iCafterthe date hereof (all. inform satisfactory to mortgagee )_ Furthermore, ahuvid mortgagor fail to curt
<br />any default in 4he payment bf a prior or inferior encumbrance on the property described by this instrument, '
<br />mortgagor hereby agrer~to permit mortgagee to cure. such default; but mortgagee is not obligatedto do eo;
<br />and arch 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 Intl force and effect during any postponement-
<br />or extension of the time of payment of the indebtedness evidenced b~ said promissory- note er any part thereof
<br />exured hereby.
<br />j. lfe will continuously maintain hazard insurance, of such type or types and ~~ such amounts as the
<br />mortgagee mayfrom time to time require onthe improvements`now.or-hereafter_on:said property, and`
<br />will pay Promptly when dne any premiums therefor.-All ituttrantx shall be carried is companies acceptable
<br />to mortgagee sad the policies and renewals thereof shalt be held by mortgagee and. have attached tbereW
<br />tar pgable clatrr in favor of and in form aoxptabk to the mortgagee. 7n event of loss, mortgagor will give
<br />immediete notice is writing to mortgagee, sad mortgagee ,mrg make. proof of for if not made promPV7 by.
<br />mortgasor, and sash insurance company con«rned is hereby anthoriaed and directed to make payment for sash
<br />for tlireetly to mortgagee instead of w mortgagor and mortgagee jointly, and the in.nrance proceeds, or am
<br />part,theeeof, may be applied by mortgagee at its option either toahe'reduction of the indebtedness benby
<br />secured or to the rrtorr,tion or repair of the property. damrged or:destroyed. 1a event of`foreclosure of this
<br />.mortgage, or other trrnsfer of tick to said property in ctctinguishment of the indebtedness secured hereby, all
<br />nglit title, and iotereat of the mortgagor is and to soy iosttrance policies then in force shall pw to the
<br />purchaseror mortgagee or, at the 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, commie or au6er no waste, impairment, deterioration>o[ said property or .any part thereof;
<br />in the event of failure of the .mortgagor to keep the buildioga on said premises and-chase erected on said
<br />premises, or improvements thereon, in good repair; the mortgagee may make such. repairs as in its diecretioo it
<br />may. deem necessary for the proper preservation thereoi; and the full amount of each and`every such payment
<br />shall bermwedirtelydue and payable anti shall besecured by thelien o[ this mortgage.
<br />h. He will not voluntarily create or permit m be created against [he property subject to this mortgage
<br />any lien or liens inferior or superior to,the lien of this mortgage without the written consent of she mort-
<br />gagee; and further, he will keep and maintain [he same free from theclaim of all pereona,auppiying,labor or
<br />materials for: construction of any and ail,buildinga'or improvements now being erected or to be erected on
<br />said ,premises.
<br />i. He will nox rent oraesign any part of the rent of said mortgaged property or demolish, or remove, _'
<br />or substantially alter env building without the written consent of the mortgagee.
<br />'j. All awards of damages is 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 />saws to payment of she inatalhnenta lastdne under said note, and mortgagee. is hereby. authorized, in the..
<br />.name of the mortgagoq to execute and deliver valid acquittances thereof and to appeal from ang' such award:
<br />k. The mortgagee. shall have the. right to inspect the mortgaged premises at any reasonable time.
<br />2. L~cf6ult in any of the covenant, or conditions of this instrumenC or of the note or loan agreement secured.
<br />herehy,ehall terminate the mortgagor s right to possession, use, and enjoyment of the propert}; at the. option of the..
<br />L :mortgagee or lus assigns (it being agreed that the mortgagor shall have stack right until default). Ulwn an}' auclt
<br />default, the mortgagee eha[I become the owner of all of the rents and profits accruing aaex dcfaule as security
<br />for tht indebtedness secured hereby, with the right to enter upon said: propert}' for .the purpose of collecting such
<br />rents and profile. This instrument shall operate as an assignment of any rentals on said property to chat extent.
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