<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.
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