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<br />1 2'bt~ es~.ea aatsl s~ser wsra~st: <br />s. s gars+~.pt1•y #~!' ik~t tar a by said pramrr+ory~notc at the times asd is the <br />b. F.Le affil pay a33 racer auau~ta..attr rate; saes ether gareataszataI az moQicipat charges, Sou, or <br />iaspsa, Gax arbieh prnamon ba nart bees made hereinbefon, sad xfll promptly deliver the otSeial receipts <br />tbssefor to the said mortgagee. <br />r. Ff« will pay such ezpeasea and fees as may be incurred in the protection and maintenance of said <br />prep«rty, including the fees of env attorney employed by the mortgagee for the collection of any or alt of <br />the indebtedness hereby secured, or for foreclosure by mortgagce a sate, or court proceedings, ar in any other <br />litigation ar prace«ding 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, ice euo- <br />ctasara 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 :nd all property acquired by <br />it afzer L'te date hereof {alt in form satisfactory to mortgagee). Furthermore, should mortgagor 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 same <br />terms and conditions. , <br />e. The riglve created by this eonvevance shall remain in full forc« and effect during any postponement <br />or extension of the tirne of payment of the indebtedness evidenced by said promissory note or am' part ehereof <br />secured hereby. <br />(. He will continuously maintain hazard insurance, of such type or types and in such amounts as the <br />moregagee may from time 20 time require on the improvements now or hereafter on said property, sad <br />:vill pay promptly when due any premiums therefor. All insurance shall be carried in companies acceptabk <br />to mortgagee and the policies sad renewals thereof shall lY held by mortgagee and here attached thereto <br />tom payable clauses in favor of and in Corm axeptable to the mortgagee. In event of loss, mortgagor will give <br />immediate notice in writing to mortgagee, and mortgagee may make proof of loses if not made promptly by <br />mortgagor, and each inetzrance company concerned ie hereby authorzed sad directed to make payszeat far sash <br />loos directly to mortgagee instead of to mortgagor and 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 indebtedaem hereby <br />secured or to the restoration or repasr of the property damaged or destroyed. In event of foreclosure of this <br />ma_r[gage, or a±her trsrtifer of title Sa said property is estiaguishmeat of the iadebtedacss esetired het<:.y, ali <br />right, title, and interest of zhe mortgagor in and to any iastuance ooticict then is force sh~l pa±s e.~. rl,.: <br />purchaser or mortgagee or, at the option of the mortgagee, may be surrendered for a refund. <br />g. He will keep all buildings and other improvements on said property in good repair and condition: <br />will permit, commit, or sutler no waste, impairment, deterioration of said property or any part thereof; <br />in the event of failure of the mortgagor to keep the buildings on acid premises and those erected on said <br />premieea. or improvements thereon, in good repair, the mortgagee may make such repairs as in its discretion it <br />may deem necessary (or 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 voluntarily create or permit to be created against the property subject to this mortgage <br />any lien or liens interior or superior to the lien oC this mortgage without the written consent of the more <br />gages; and furtheq he will keep and maintain the same free from the claim of al! persons supplying labor ar <br />materials for construction of any and all buildings or improvements now being erected or to be erected on <br />said premises. <br />i. He will sot rent or assign any part o{ the rent of easd mortgaged property or demolish, or remove, <br />or substantially alter any building without the written consent of the mortgagee. <br />j. All awards of damages in connection with any condemnation for public use of or injury to any of the <br />property subject to this mortgag« are hereby assigned and steal! be paid to mortgagee, who say apply ~c <br />same to payment o€ the inat~Ilmenta loaf due under said note, and mortgagee is hereby authurized, in the <br />name of the mortgagor, to execute and deliver valid acquittances thereof and to appeal from any each award. <br />k. The mortgagee shalhhave the right to inspect the mortgaged premises at any reasonable time. <br />2. Default in any of the rnvenai7ls.or conditions of this instrument or oC 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 />mortgagee or his assigns {it being agreed that the mortgagor shall have such right until default). Upon any such <br />default, the mortgagee shall become the owner of all oC flee renla and profits accruing after default as security <br />foe the indebtedezeas secured hereby, with the eight to enter upon said property far the purpose of collecting such <br />rents and profita.'fhie insirurzteat shall operate as an assigmnent of any rentals on said property to shat extent. <br />