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<br />Y. The mort~rgar ooveaaats sad agrees as follows:
<br />a He will promptly pay the indebtedner evidenced by said promissory nou at the times and in the
<br />. manner therein provided
<br />6. Ho will pay all tares, asseaasaent0. water rates, and other governmental or municipal charges, Saes, or
<br />imposidow, for which provision has not been made hereinbcfore, and will promptly deliver the o~cial receipt
<br />therefor to the said mortgagee.
<br />c. He 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 forecloanre by mortgagee's sale, or court proceedings, or in any otber
<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 better security of the indebtedness hereby secured, upon the request of the mortgagee, its eua
<br />censors or assigns, he shall execute and deliver a supplemental mortgage or mortgagee covering any additions,
<br />improvements, or betterments made to the property hereinabove described :ad all property acquired by
<br />it after the date hert»t (all in form satisfactory to mortgagee). Furthermore, should mortgagor fail to cute
<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, but mortgagee ie not obligaud to do so;
<br />and ouch 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 full force and effect during any postponement
<br />or extension of the time of payment of the indebtedness evidenced by said promissory note or env part thereof
<br />secured hereby.
<br />/. He will continuously maintain hazard insurance, of such type er types and in such amounts 88 the
<br />mortgagee may from time to time require on the improvements now or hereafter on said property, and
<br />will pay promptly whey due nay premiums therefor. All ivnrance shall be carried in companies acoeptabk
<br />to mortgagee and the policies aad_reaewala thereof shall be held by mortgagee and have attached thereto
<br />bas payable cLttses in favor of and in form aoceptabk to the mortgagee. In event of loan, mortgagor will give
<br />immeduu notice in writing to mortgagee, and mortgagee may make proof of br if not made promptlp by
<br />mortgagor, and each insurance company conxrned is hereby authorised and directed to make payment for suet
<br />lava ,directly to mortgagee instead of to mortgagor sad mortgagee jointly, and the insurance proceeds, or any
<br />part thereof, may be applied by mortgagee at its option either to the reduction of the indebtedner hereby
<br />aectu~d or to the reetorati~ or repair of the property damaged or destroyed. In event o[ foreclosnrn of thin
<br />mortgage, or other transfer of title to said property in eztiagtushment of the indebtedness secured hereby, alt
<br />right, title, and interest of the mortgagor in and to nay insurance policies then in force shall par to the
<br />purchaser or mortgagee or, at the option of the mortgagee, may be surrer._dered for a refund.
<br />g. He will keep all buildings and other unprovementa on sail property in good repair and condition;
<br />will permit, commit, or auger no waste, impairment, deterioration of said property or any part thereof;
<br />in the event of failure of fhe mortgagor to keep the buildings on said premises and those erected oa said
<br />premises, or improvements thereon, in good repair, the mortgagee may make such repairs ae in its discretion it
<br />m:y deem necessary for the proper preservation thereol; and the full amount of each and every such payment
<br />shall be immediately due and payable and shall be secured by the lien of this mortgage.
<br />h. He will not voluntarily create or permit to be created against the property subject to this mortgage
<br />any lien or liens inferior or superior to the lien of this mortgage w-ithovt the written consent of the mort-
<br />gagee; and further, he will keep and maintain the same free from the claim of all persons supplying labor or
<br />materials for oonatruction of any and all 6uildinga or improvements now being erected ar to be erected on
<br />said premises.
<br />i. He will not rent or assign any part of the rent of said mortgaged property or demolish, or remove,
<br />or anbetantialiy alter any building without the written consent of the mortgagee.
<br />j. Ail swards of damages in connection with nay rnndemnation for public vac of or injury to any of the
<br />property subject to this mortgage are hereby assigned and shall 6e paid to mortgagee, who may apply the
<br />rime to payment of the inatalhneata last due under said note, and mortgagee is hereby authorised, is the
<br />name of the mortgagor, to e:eevte and deliver valid acquittances thereof and to appeal from eny each award.
<br />&. The mortgagee shall have the right to inspect the mortgaged gremieea at any reasonable time.
<br />2 Defsttlt in nay of the rnvenanta or conditions of this instrument or of the note or loan agreement secured
<br />hereby shall terminate the mortgagor's right to pomeasion, tree, and enjoyment of the property, at the option of the
<br />mortgagee or his arignc tit being agreed that the mortgagor shall have such right until default). Upon any ouch
<br />d~atth, the mortgagee shall become the owner of all of the rents sad proSta accruing after default as security
<br />fei the ~s secured hereby, with the right to enter upon said property for the purpose of collecting each
<br />4,;
<br />testa sad"pra~ts.;This iaatrnmeut shall operate u sa aasigttment of say rentals on said property to that extent.
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