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<br />?~. 'T~e mortgagor covenants attd agrees as foTbers:
<br />a. f?Ce wi11 ~r~ptly g9o ,l±e :.rd~~v~ evi~~a by mid pry-mi~r$ ~:~ ®, tt~ ti~~~-' ~ 3~
<br />ttaaaner there+ia provided
<br />6. He will pay all 8pzes, ta. wares eaten, and other governmental or mutncigai eha~es, or
<br />impoairiotu, #or which provinioa has not ltexn made hereiabefore, and will promptly deliver the o~eial reeeipta
<br />there#or to the said mortgagee.
<br />a He will pay such expenses and fees as may be incurred in the protection and mainteaaace of said
<br />property, ine}udixtg the Fees of any attorney employed by the mortgagee for the rnllectioa of any or all of
<br />the itidebtednesa hereby secured, or for foreclosure by mortgagee's sale, or court proceedings, or in any other
<br />lir~ga*+e~ _- pz_°raeding affe~ti^.g said pr~....o„e. rtttcrrteye f~ reasonably interred in any etltar way shalltie
<br />paid by the mortgagor.
<br />d. For better aecrrrity of the indebtedness hereby secured, neon the request of flee mortgagee, its wo
<br />cesaors of assigns, he shall execute and deliver a supplemental mortgage or mortgagee covering any additnoas,
<br />improvements, mr betterments made to Lhe property hereinabove described :.ad alI property acgaieed by
<br />it after the date hereof (all in form satisfactory to mortgagee). Furthermore, ahoald mortgagor #ail to cure
<br />any default in the payment of a prior ar inferior ensrzmbraace on the property described by this instrument,
<br />mortgagor hereby agrees to permit mortgagee to cure such default, but mortgagee is not obligated to do so;
<br />sad sac$ advances shall become part of the indebtedness secured by this instmment, aubjeet to the same
<br />terms and conditions.
<br />e. The rights created by this conveyance shall remain in full force and effect dusng 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 />E. lie will continuously maintain hazard insurance, of such type ar types and in eueh amounts as the
<br />mortgagee may from ti.~e to time require on the improvements new or hereafter on said property, and
<br />will pay promptly when due any premiums tberefoe All inaearantx shaft be carried is eomgmmn.+eg aaozpteble
<br />to taoztgagee a :d the polie4~ atsd re~wals tber~o€ shall ~ ltald by snortga{~ sad have attae6Ed thereto
<br />loss payable clauses an favor of sad in farm a~ptable to ibe mortgagee. fa event of ~ nxortgagor will Bite
<br />imsnsliffitr r.nt_i,~ r .~,.:s;na e..._ere~E..~ and tncrtr,-aa :nay m.ro prov# of 1~ ~ .~:.* ma-t,.a w~'ruty br
<br />-----e -- "a-e^•
<br />mortgagor, sad each insurance compaap concerned is hereby aathoriaed and directed to matte payment for sash
<br />keys directly to mortgagee instead of to mortgagor sad mortgagee jointly, and the insurance procaede, or nay
<br />part thertwf, may be applied by marigngee st its option either to the r~uctioa of the i~debteduesa hereby
<br />secured or to rho restoration or repau of the property damaged or destroyed. In event of #oreckesure of this
<br />mortgage, or other transfer of title to said property in extingniabmetet of the indebtedness secured hereby, all
<br />right, title, sad interxst of the mortgagor in and to any insurance policies then is forax shall pass W the
<br />purchaser or mortgagee or, at the option of the mortgagee, may be surrendered for a refund.
<br />g. He will keep all hnildisrgs and other improvements on said property in good repair and condition;
<br />will permit, commit, ar serffer no waste, impairment, deterioration of said property or nay part theteo#;
<br />ire the evens of failuee of the mortgagor to keep the buildings on said premises and those erected on said
<br />pre~,ises, or improvements tlterean, in good repair, the mortgagee may made suvh repairs as in its discmtiott it
<br />may deem necessary for the proper preservation thereof; and the full amount of each and every each payment
<br />shall lee immedia#ely duo and payable sad shall be secured by the lien of this mortgage.
<br />h. Ile will net voluntarily create ar permit to 6e created against the property subject to this mortgage
<br />any 3ien or liana inferior ar superior to the lien of this mortgage without the written consent of the mort-
<br />gage; and fur¢l:sr, he will ~sep end maintain flee lama free from the claim of all persons sapplying labor or
<br />materials for construction of nay and all buildings or impravementa now being erected or io be erected on
<br />said premises.
<br />i. lie will not rent or assign any part of the rent of said mortgaged property or demolish, or remove,
<br />or substantially alter any building without the written consent of the mortgagee.
<br />7- All awards of damages in canneetion »-it`r. any condemnation for public use of or injure to any of the
<br />property subject to thin mortgage are hereby assigned and shall be paid to mortgage, who rosy apply the
<br />same to payment of the iasttellments Iasi due under said cote, and mortgages is hereby apthorita~, In the
<br />name of the mortgagor, to execute and deliver valid acquittances thereof and to appeal tram any a:::3s award,
<br />lt. 1°lrc mortgagee shall have flee right to inspect the mortgaged premises at any reasonable time.
<br />2. @efault in say of the eevrseaata er cenditions:of this-instrument as of the Hate ar loan agrcetnent accused
<br />hereby shall termisrate the mortgagor's right to possession,. use, and enjoyment of the property, at flee option of Ybe
<br />mortgagee or his eaaigns (it being agreed that the mortgagor shall have such right until default). Upon any such
<br />default, the mortgagee shall become xhe owner of alt of the rents and profi¢s accruing after default as security
<br />#or-the indebted±ac = ~~~d i_•.erht_+y, with Yl:= right to ~ttur-upon said propery for the purpoa of collecting suxh
<br />resata and pro#rts. This 5trtrument altall operate as as a~ignrnent of say rentals on said property to that extent.
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