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79-- ~U32t11
<br />1. The mortgagor covmtmb anti agrees as foller+rs:
<br />a. He will promptly pay the iadebtedaew evidmeed by said promissory nou at the times and is the
<br />meaner thet~nn gaavided
<br />b. $e will pay all taws, seecasn-mts, water rates, sad other govertimenul at mtmicipsl chargmy fines, or
<br />impaaltieme, Far which provision has ~ bey made hereiabefpre, sad will groatptly deliver the of&cial receipts
<br />thereto: m the said taortgagee.
<br />c. He will pay such expenses and fees as may be iacuereiF in the protection and maintenance of said
<br />propeetg, including the [sea of any attorney employed by the mortgagee for the collection of any or all of
<br />the indebtedness hereby secured, or Eor foreclosure by mortgagee's Bale, or court proceedings, or in any other
<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 eecuritg of the indebtedness hereby secured, upon the request of the mortgagee, its auc-
<br />ceaaon or assigns, lie shall execute and deliver a supplemental mortgage or mortgagee covering any additions,
<br />improvemeata, or betterments made to the property hereinabove described .nd all property acquired by
<br />it after the date hereof (all in form aatiafactory to mortgagee). Furthermore, should mortgagor [ail io cure
<br />nay default in the payment of a prior or infeeior encumbrance on the property described by this instrument,
<br />mortgagor hereby agteea to permit mortgagee to cure such default, b~rt mortgagee is not obligated to do so;
<br />~~a ~ 6 a.iyan.~ III he¢ome part of the indebtedness secured by this instrument, subject to the same
<br />terms and conditions.
<br />a 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 ar-y part thereof
<br />secured hereby
<br />j. He will continuously maintain hazard insurance, of such type or types and in such amounts as the
<br />mortgagee may From time to time require on the improvemeaus now or hereafter on said property, and
<br />will pal prnmptly when tine any preminaos therefor. All insttrana shall be carried is companies acceptable
<br />to mortgagee end the policies and renewals thereof shall be held by mortgagee sad have atxaehed thereto
<br />leas payable eLwd is favor of anti is form acceptable to the mortgagee. In event of les+. mortgagor will giro
<br />notice in writing to mortgagee, and mortgagee may make proof of loss if not trade promptly b7
<br />mortgagor. and each ittsaratice ~npany aiacecned is hereby atMthoriaed and directed to make payment for sm;h
<br />loss directly to mortgages instead of to mortgagor and mortgagee jointly. and the inwranee proeceda, or any
<br />part tLereof; may be applied by mortgsgce at iL option either w the reduction of the indebtedner hereby
<br />aewred or to the restoration or repair of the property damaged or destroyed. In event of ioreeleanre of this
<br />toartgage, or other tramfer of title m said property in eztiagnishmeat of the iadebtedettms seeared hereby, all
<br />right, title, apd interest of the mortgagor in and to nap insurance policies rhea in force shall pass to the
<br />parehaser or mortgagce or, at the option of the mortgagee, may be surrendered For a refund.
<br />g. $e will kcep all buildings and other improvements on said property is good repair and condition;
<br />w:~t permit, ~m+L, ar euffez ao waste, impairment, deterioration of said property or nay part thereof;
<br />im the event of failure of the mortgagor to keep the builditgs on said premises and those erected on said
<br />premises, or improvements thereon, in good repair, the mortgagee map make each repairs as in its discretion it
<br />may deem necessary for the proper preservation thereof; and the full amotmt of each anti every ateh payment
<br />shall be immediately doe and payable and shall be secured by the lien of this taortgage.
<br />14. $e wilF not vohmtari}y create ar permit to be mated against the property subject to this mortgage
<br />say lim or )lean inferior or superior ;o the lieu of this mortgage without the written consent of the mort-
<br />gagee; and farther, he will keep sad maintain the same free from the claim of all persons eupplying labor or
<br />mautiala for construction of nay and all buildings or improvements now being erected or to be erected on
<br />said prcmism.
<br />i. $e will not rent of assign sac part of the teat of said mortgaged property or demolish, or remove,
<br />or snbstaatiaIiy alter nay baildiag without the written consent of the mortgagee.
<br />j. All awards of damages is coanectian with any condemnation for public use of or injarp to any of the
<br />property subject to this mortgage are hereby assigned sad shall be paid to mortgagee, who may apply the
<br />sanm to payment of the ill}meats ]art des tinder said note, and mortgagce ie hereby aathorised, is the
<br />name of the mortgagor, to e:a~tu and deliver valid acquittances thereof and to appeal from any aueh award.
<br />5c. The mortgagce shall have the right to ittapeet the mortgaged premises at sag reawnahk time.
<br />Y. Dafaplt ~ apt! at the oovenaats ar conditions of thutnatrumeat or of the note or loan agreement secured
<br />1[erehy ball teesirtate the aanetgagor's right to poaseripa, tae, and enjoyment of the property. at the option of the
<br />er his assigns lit bsia~g a€ that the mortgagor mall have such right until default). Upon any such
<br />defudt, the mortgagsx shalt beoopa~ the owner of all oC the rents and profits accruing after default as security
<br />fns tl:.e ~',o., sed~red hereby, with ibe right to et-ier upon wid property for the purpose of collecting aueh
<br />t+etNa apd prats~b. Thi; iartrumeai shall oper:{e» set arigpmeat of nay renuL oa said property to that exunt.
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