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<br />7g- ~~f~:~~s
<br />i. T>m mortgagor coveawts and agroea as follows:
<br />a. $e will promptlp pay the indebtedness evidenced by said promissory ante st the limn and is the
<br />maaoer therein provided
<br />6. He will pay all lases, aeseasmeata, wafer rates, and other governmental or municipal charges, fines, or
<br />impesitiona, for which provision hu sot bees made heninbefon, and will promptly deliver the ofSeial receipts
<br />therefor to the raid mortgagee.
<br />c. He will pay each expeoeea and fees ae may be incurred in the protection and maintenance of said
<br />ro ere , ineludin the fees of au aiiorne er,,.-'---ed b- •~ e :r.., f~: the collection of n or all of
<br />P P Y g y y w~~ i rtgse°°- - y
<br />the indebtedness hereby secured, or for foreclosure by mortgagee's sale, or court proceedings, or in any other
<br />litigation or proceeding affecting said premises. Attorneys` fees reasonably incurred in any oilier 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 eae-
<br />cessors or assigner he shall execute and deliver a supplemental mortgsge o. mortgsges ~_. _ring any additions,
<br />improvements, or betterments made to the property heninabove described :red all property acquired by
<br />it after the date hereof (all in form satisfactory to mortgagee). Furthermore, should mortgagor fail to can
<br />say default in the paymenx of a prior or inferior encumbrance on the property described by this inatrumen;
<br />mortgagor herby agrees to permit mortgagee to cure such default, but mortgagee is not obligated to do so;
<br />end each au'ver,cee shall becvn,c part oc the indebiedne9a aeetired by ihia iaat~un,ei,t, aubjcci to the same
<br />terms sad COnditl011e.
<br />e. The rights coated 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 any part thereof
<br />secured hereby.
<br />f. He will continuously maintain hazard inanrsnce, of such type or types and in such amounts as the
<br />mortgagee may from time to time require on the improvements now or hereafter on said property, and
<br />will Pal P~Pay when dae any premiams therefor. All insurance shall be carried in asmpaain aoxptable
<br />to mortgagee and the policin and renewals thereof shall be held by mortgagee and have attached Utereto
<br />lass payable dattsn is favor of and"in form acceptable to the mortgagee. In event of loos, mortgagor will give
<br />immediate notice is writing to mortgagee, sad mortgagx may make proof of loss if lent made promptly by
<br />martgagor, sad each iosarance company oonceraed is 6enby anthoriud and directed to make payment for each
<br />law directly to mottgagse instead of to mortgagor and mortgagee jointly, and the iosazamce procacds, or say
<br />part thereof, tray be applied by mortgagee at its option either to the reduction of the iadebtedaeas hereby
<br />seemed or to the nstoratioa or repair of the property damaged or dntroyed. Ia event of foncloatre of this
<br />mortgage, or other transfer of title to said property in eztingniahmeat of the indebtedness secured hereby, ell
<br />right title, end interns of the mortgagor in and to any insaranoe policin tbea in force shall paw to the
<br />purchaser or mortgagee or, at the option of the mortgagee, may be surrendered for a refund.
<br />g. He will keep all buildings sad other improvements on said property in good repair and eoaditioa;
<br />will permit, commit, or suffer no waste, impairment, deterioration of said property or any part thereof;
<br />in the event of sailor of the mortgagoe to keep the buildings on acid premises and chose erected on said
<br />premises, or improvements thereon, in good repair, the mortgagoe may make such repairs as in its diecntion ii
<br />may deem necessary for the proper preservation thereof; 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 vohmtarily create or permit to be created sgsiast the property subject to this mortgage
<br />my lien or litre inferior or superior to the lien of thin mortgage without the written consent of the mort-
<br />gagee; sad further, he will keep and maintain the same fens tram the claim of all persons supplying labor or
<br />materials far construction of say and all buildings or improvements now being erected or to be erected on
<br />said premises.
<br />i. He will not rent or assign say part of the rcpt of said mortgaged property or demolish, or remove,
<br />or sabstanlially alter any banding without the written consent of the mortgagee.
<br />j. All awards of damages in eomeetioa with any condemnation for public use of or injury to say of the
<br />property snbjext to this mortgage are hereby swigged and shall be paid to mortgagee, who may apply the
<br />saw to payment of the installatents last dtte under said note, and mortgagee is hereby anthorixed, its the
<br />name of the mortgagor, to execute sad deliver valid acquittances thereof and to appeal from any such award.
<br />k. The mortgagee shall have the right to inspect the mortgaged premises at any reasonable time.
<br />Z. d?efaalt in any of the covenaeU or condition of this instrument or of the note or loan agreement secured
<br />herel-y shall termimu ilea mortgagor's right to posaeaeiva, use, and eo joyment of the property, at the option of the
<br />aaortgagr:e or his assigns (it-being agreed that the mortgagor shall have such right until default). Upon any each
<br />defaah, the mortgagee ~:A become the owner of ail of the rents and profits accruing after default as erxnrity
<br />sot the iede'btedta4aa sefurcd hetsby with the right to enter upon said property for tF:e purpose of rnllectiag such
<br />resetaaa~d primp: T6i3laNrument shall operate as en awignment of say rentals on said property to that extent.
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