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79.~ ~~~
<br />1. The mortgagor eovenanta sad agred an follows:
<br />a. lie will promptly pay the indebtedness evidenced by said proatiesory sou at the tinrt sad is the
<br />manner therein provided
<br />8. He will pap aU ta:ee, aesesemeats, waur razes, and other governmental or municipal charges, Sad. or
<br />impositions, for which provision has not been made hereinbefore, snd will promptlp deliver the official recxipts
<br />therefor to the said mortgagee.
<br />c. He wilt pay such expenses and fees as may be incurred in the protection and maintenance of said
<br />property, including the fees of any attorney employes by the mortgagee for the collection of any or all of
<br />the indebtedness hereby secured, or far foreclosure by mortgagee's sale, or court proceedings, or in any other
<br />Litigation or proceeding affecting; said premises. Attorneys lets reasonably incurred in any other way shalt be
<br />paid by the martgagor.
<br />d. For better security of the indebtedness hereby secured, upon the request of the mortgagee, ire suc-
<br />cessors or assigns, he shall execute and deliver a supplemental mortgage or mortgagee covering any additions,
<br />improvements, ar betterments made to the propem• hereinabove described : nd all property acquired by
<br />it after she date hereof (all in form satisfactory to mortgagee). Furthermore, should martgagor fail to cure
<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 is not obligated to do so;
<br />and such advances shall become part of the indebtedness secured by this instrument, subject to the ear.:e
<br />terms and conditions.
<br />e. 1'lae rights created by this conveyance shall rernain in full force and effect during any postponement
<br />or extension of the time of payment of the indebtedness e ~ idenced by said promissory note or any part thereof
<br />~,,..rcd hc,cbv
<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 improvements now or hereafter on said property, and
<br />will pay promptly when due nay premiums therefor. Alt insnrance shall be carried is companies acceptabk
<br />to mortgagee and the policies sad renewals thereof shall be held by mortgagee and have attached thereto
<br />loss payable clauses is favor of and is forts acceptable to the mortgagee. In crest of loan, mortgagor will give
<br />immediau notice in writing to mortgagee, sad mortgagee may make proof of loss if ttoi made prompil7 bT
<br />mortgagor, and each insurance rnmpazty concerned is hereby authorised sad directed to make paymtmt for such
<br />foes directly to mortgagee instead of to mortgagor and mortgagee jointly, sad the ituuranoe proceeds, or nay
<br />part thereof, may be applied by mortgagee at its option tither to the reduction of the indebtedness hereby
<br />secured or to the rratoratioa or repair of the property damaged or destroyed. la evert of for~losnre of this
<br />mortgage, or other transfer of title to said property in cztinguishment of the indebtedness secured hereby, all
<br />right, title, sad iaurdt of the mortgagor is and to any insurance policid then is force ehaU pass to the
<br />purchaser or mortgagee aq at the option of the mortgagee, may be surrendered for a refund.
<br />g. He will keep all buildings and other impro~rements on said property in good repair and condition;
<br />will permit, commit, or suffer no waste. impairment, deterioration of said property or any part thereof;
<br />itt the evens of fatfure of the martgagor to keep the buildings on said premises :nd those €rtttml ass said
<br />premises, or improvements thereon, in good repair, the mortgagee may make such repairs as in its diseretiaat it
<br />may deem necessary for the proper presenatiote therzaf; and the full amount of each and ey°e~y sucl't E,ayn3~ei`at
<br />shall be "rmmediately due end payable and shelf he secured by the Lien of this mortgage.
<br />h. fle will nut voluntarily create or permit to be created against the property wbject to this mortgage
<br />any fits or liens inferior or a~perior to ihe. lien of this mortgage without the written consent of the mort•
<br />gages; and further, he will keep and maintain the same free from the claim of al) persona supplying tabor or
<br />materials for constngction of any and all buildings or improvements now being erected or 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 substantially alter any building without the written consent of the mortgagee.
<br />j. All bwards of damages in connection with any condemnation for public use of or injury to any of the
<br />property subject to this mortgage are hereby tueigned and shall be paid to mortgagee, who may apply the
<br />same to payment of the installments fast dun under said note, and mortgagee is heroby authorised, in the
<br />name of the martgagor, to execute and deliver valid acquittances thereof and to appeal from any such award.
<br />k. The mortgagee shall have the right to inspect the mortgaged prexnise8 at any reasonable time.
<br />2 I?efault in nay of the covenants or conditions of this instrument or of the note or loan agreement secured
<br />hereby shall terminate the mortgagor s right to possession, use, and enjoyment of the property, at the option of the
<br />asort6agce or hie assigns (it being agreed that the mortgagor shall have such right until default). Upon any such
<br />default, the mortgagee shelf became the owner of all of the rents and profits accruing after dctault as security
<br />fo; the indebtedness secured heroby, with the right to enter upon said property for the purpose of collecting such
<br />Mats and proses. This instrument shall aperau se as assignment of say rentals on amid property to that extent.
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