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<br />or damage by fire, with extended coverage in some solvent incorporated
<br />insurance company or companies, apgroved by said Mortgagee, its successors
<br />or assigns, to the amount of at least Eighty Eight Thousand andr1o/100
<br />Dollars {$88,000.00), (and if the policies of such insurance shall contain
<br />any condition or provision as to co-insurance the building shall be kept
<br />insured for a sufficient amount to comply with such co-insurance condition),
<br />with loss, if any, payable to the Mortgagee, its successors or assigns, as
<br />its interests may appear; and will degosit the said policy or policies of
<br />such insurance and will keep the same deposited to and with said Mortgagee,
<br />its successors or assigns.
<br />And the said Mortgagor further covenants and agrees:
<br />1. Ta pay all the said note and indebtedness herein mentioned
<br />according to the tenor and effect of said note, and will pay all sums of
<br />money hereby secured.
<br />2. To keep the buildings, fixtures, improvements and betterments
<br />now on said premises, or that may hereafter be erected thereon, in as good
<br />condition as at the present time, and will neither do nor permit to be
<br />done upon said premises anything that may tend to diminish the value
<br />thaar,an'f; nr pr+wmi t nr rnmmi t vacto tiiaronn
<br />3. To pay, before the same become delinquent, alI taxes, assess-
<br />ments and special assessments of every kind that may be levied upon said
<br />premises or any part thereof.
<br />4. That it will not, without the written consent of the holder
<br />of the note secured hereby, directly or indirectly, create or incur any
<br />indebtedness for borrowed money except far the indebtedness secured by
<br />this mortgage.
<br />5. That in case the Mortgagor fails to pay any tax, assessment,
<br />or special assessment, or fails to keep the buildings and fixtures on said
<br />premises in good repair and insured as above provided, the Mortgagee may
<br />gay such taxes, assessments or special assessments, make repairs or procure
<br />insurance, and may gay, remove or discharge any claim, lien or encumbrance,
<br />ar may purchase any tax title or claim against said premises, and protect
<br />the title and possession thereof, in order to preserve the priority of the
<br />l.icai Ui iit.i~ mvri.c~aye iesteren~~, ~€ua may employ atcotneys at. law ~ perform
<br />a.*~}r service cor~nected with this mortgage, ar to prosecute or defend any
<br />suit affecting or involving this mortgage or the title ar nosRession of
<br />said greffiises, and tHat all moneys paid for any such purpose and all
<br />moneys paid out by the Mortgagee to protect the lien of this mortgage and
<br />*he security intended to be effected hereby shall be immediately due and
<br />payable with interest thereon at the rate of Eight per cent {8xj per
<br />annum, and became so much additional indebtedness secured by this mort-
<br />ga9e, and the Mortgagor agrees to pay all sums so advanced with interest;
<br />provided, However, that it shall not be obligatory upon the Mortgagee to
<br />advance money for any of the purposes aforesaid, ar to inquire into the
<br />validity of such takes, assessments or special assessments, or tax sales
<br />(the receipts of the proper officers being conclusive evidence of the
<br />validity and amount thereof), or into the necessity of such repairs.
<br />6. That if default be made in the performance of any of the
<br />covenants or. agreements herein or in said note contained. an the part of
<br />the Mortgagor to be kept and performed, then, and in any such case, the
<br />Mortgagee may, by written notice to the Mortgagor, declare the then out-
<br />standing principal of the note to be forthwith due and payable, and upon
<br />such declaration the principal, together with interest accrued thereon,
<br />a_p±d the entire ~Pbt r~mgining secured by this mortgage, shall b~%:a~iee and
<br />be due and gayabile fv.~ Lizwitii at the ~ilc~ce of p~y~~n'C ~p~eGlfied 3.n the
<br />note, anything in this mortgage or in the note to the contrary notwith-
<br />standing; and the Mortgagee may thereupon proceed to protect and enforce
<br />its rights Hereunder and under the note by foreclosure proceedings as
<br />against all or any gait of the Mortgaged Property, ar by other suit in
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