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<br />1. The trtortgagnr eaeanaaq and agree. a. follows:
<br />a. He will promgtlp pay the indebtedae~ evidertce$ by mid promissory sore at the times and ~ ~
<br />ma€r tltereia prsvsdad
<br />b. fie wily pay all tares, aesatmtmata, water rates. and other governmental or municipal charges, $aea, ~
<br />imgasrtione, for which gravisioa has not been made heseiabefore, and will promptly deliver ibe officiafl recdpb
<br />therefor to the said mortgages.
<br />c. lie will pay such expenses and fees as may be incurred in the protection and maintenance of said
<br />property, including the foes of any attorney employed by the mortgagee far the collection of any or all of
<br />2lxe indebtedness hereby secured, or for faredasure by mortgagee's sale, or court proceedings, of in any other
<br />Iitigatioa or proceeding aBecting said premises. AttorIIeya' fees reasonably incurred iu 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 aua
<br />cesears or assigns, he shall execute and deliver a aupplementaf mortgage or mortgages covering .say additions,
<br />improvements, or betterments made to the property hereiatabove described end ail property acquired by
<br />it after the date hereof (aPl in form satisfactory to mortgagee). Furthermore, ahonld mortgagor fail to care
<br />say default in the payment of a prior or inferior encumbrance on the property described by this instrumemt,
<br />mortgagor hereby agrees to permit mortgagee to cure such default, but mortgagee is sot obligated to do eo;
<br />sad such advances shall become part of the indebtedness secured by this instnunent, 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 pmtponsment
<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. lie will cantinuouely maintain hazard insurance, of such type or types and in such amonnta as the
<br />mortgagee may from time to time require on the improvements IIow or hereafter on said property, sad
<br />mill pay promptly when dc~ say pr+cmitmta therefor. All iasnrance shall be serried is cempaaies
<br />to mortgages sad the poliaee sad renewals thereof shall be held by uortgagee sad have attael<ed drat eta
<br />loss payable clataaea is €avor of and in form aoeeptable to the mortgages. fa avast of krs, marigag+ar will give
<br />immediate notice in writing to mortgagee, and mortgagee map make proof o€ ken if tmt made promptly by
<br />mortgagor, end each insurance company caacerned is hereby autinorized end directed to make payetam for attch
<br />loss dit~tly to mortgages instead of to mortgagor sad mortgagee jointlg, sad the ieearan#xi proceeds, ar any
<br />part thereof, may be applied by martgagce at its option either to the redaeti~ of the indebtedness ttezsby
<br />seenrml or to the restoration ae repair rrf the property damaged or destroyed. its evmtt of foreekenre of this
<br />mortgage, or other transfer ~ title to said property in exGaguishmeat of the indebtedness secured hereby, ail.
<br />dgbt, title, sad iatered of the mortgagor in sad to anp insurance policies then is force ahaII pail to the
<br />purchaser or mortgages or, at the option of the mortgagee, may be surrcmdered for a refnad.
<br />g. r'ie will keep all buildings and other improvemeata on said property in goad repair and conditian;
<br />will permit, commit, or suffer no waste, impairment, deterioration of said property or artg part thereof;
<br />s the event •±€ fa*_lure of the mortgagor io keep the buildings oa said premziaea and dross erected as said
<br />premises, or improvements thereon, in good repair, the mortgagee may make such repairs as is its discretion it
<br />may deem nece»sary for the proper preaervatiom thereat; sad the IttIl amotmt of each and every sash pagmsni
<br />shall be immedtately due and payable and shall be secured by the lien of this mortgage.
<br />h. He will not voluntarily create or permit to be crested against the property subject to this mortgage
<br />any lien ar liens inferior or superior to the lien of this mortgage without the written coaaett# of the raort~
<br />gages; and further, he will keep and maintain the same free from the claim o$ all persons supplying labor or
<br />materials for eesnatraetion of ens and all buildings os improvements now being erected of to be erected oa
<br />said premiers.
<br />a. He wil! net rent or a~i~ any part of the rent of said mortgaged prupertg or demolish, or remove,
<br />ar substantially a;'"icr any building withaat the wriuzn consent of the mortgagee.
<br />j. All awards of damsgea in coanscteon with any condemnation for public use of or injury to sag of the
<br />property anbject to this mortgage aro hereby assigned sad altali be paid to mortgagee, who may-apply the
<br />same to payment of the installments last dns under said note, sad mortgagee is hereby atathot~sed, is the
<br />name of tits mortgagor, to ezecute sad deliver Yalxd acquittances thereof and to appeal from any each award.
<br />k. The mortgagee shall have the right to imepset the mortgaged premises at anp reasonable time.
<br />2 i)efaak in any- of the eavenaats or condatiutus of then instrument or of the note or loan agreement secured
<br />hereby shzfi teagtinate the moctgagnr's right to posseasiaa, sae, and enjoyment of the property, at the option of the
<br />mortgagee or his assigns (et-being agreed that the mortgagor shall have such right until default}. Upon any tsuch
<br />default, the mortgagee shall become the owner of ail of the rents and ptoftta accrueng after default sa security
<br />idr the indebtedness secured hereby, with the right to eater tipatt said property for the purpaee of collecting sneh
<br />emits and profits. This instrument $hali aPerete sa an assignment of say rentals on said property to that eztemt.
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