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<br />L The mortgagor co.eaanta sad agrees a. foIIows:
<br />a. He will promptly pay the indebtedness evidenced by said promissory note at the times and is the
<br />•• [berets provided
<br />b. He wilt pay all taus, aseeaetnente, water rates, and other governments: or mtnzidpal ebatrgei, finey ar
<br />impoeitiom, for which provision has not been made hereiabtfore, and will promptly deliver the oSeial reeeiptr --
<br />therefor to the said mortgagee.
<br />c. Fie will pay such expenses and fees as may be incurred in the protection and maintenance of said
<br />property, including the fees oC any attorney employed by the mortgagee [or the collection of any or all of
<br />the indebtedness hereby secured, or for f-!;eeelosnre by mortgagee's sale, or court proceedings, or in any other
<br />litigation or proceeding affecting said premises. Attorneys' fees reasonably incurred m 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, its sue•
<br />cessoro or assigns, he shall execute and deliver a supplemental mortgage or mortgages covering any additions,
<br />improvements, or betterments made to the property hereinabove described :nd all propene acquired by _
<br />it after the date hereof (all in form satisfactory to mortgagee). Furthermore, should mortgagor tail to cure
<br />am• deEanlt in [he payment of a prior or inferior encumbrance on the property described by this instnunent,
<br />mortgagor hereby agrees to permit mortgagee to cure such default,'but mortgagee is not obligated to do ao;
<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 rights created by this conveyance shall remain in'~,fulll force and effect during an}• postponement
<br />or extension of die time of payment of the ivtlebtedness evidetieed by said promissory nose ar any part thereof
<br />secured hereby.
<br />J. He will continuously maintain hazard insurance. of such tope or types and in such amounts as the
<br />mortgagee mac from time to time require on the improvements now or hereafter on said property, and
<br />will pay promptly when due any premiums therefor. All insurance shall be carried in companies acceptable
<br />io mortgagee and the policies and r_enewala thereof shall be held 6y mortgagee and have attached thereto
<br />loos payable clauses in favor of and in Corm acceptable to the mortgagee. In event of loss, mortgagor will give
<br />immediate notice iv writing to mortgagee, and mortgagee may make proof of loss if not made promptly by
<br />mortgagor, and each insurance company concerned is hereby authorized and directed to make payment for such
<br />lass 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 indebtedness hereby
<br />secured or to the restoration or repair of thepropenp damaged or destroyed. In event of foreclasare of this
<br />mortgage, or other transfer of title to said property in eatinguiahmeat of the indebtedness secured heroby, sll
<br />right, title, and interest of the mortgagor in and to say instuaace policies then in force shall pave to the
<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 suffer no waste, impairment, deterioration of said property or any part thereof;
<br />in the event of (allure of the mortgagor to keep the buildings on said premises and those erected on said
<br />premises, or improvements thereon, in good repair, the mortgagee mar 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 Tien of this mortgage.
<br />h. He will not voluntarily create or pernril to be created against the property subject to this mortgage
<br />any lien or liens inferior or superior to the lien of this mortgage without the written consent n( the mon-
<br />gages; and further, he will keep and maintain dte same &ec from the claim o(all persons supplying labor or
<br />materials (or constrnction n( env and all buildings or improvements now bring erected or to be erected on
<br />said premises.
<br />i. He will oot 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 awards of damages in connection with any condemnation fur public use of or injury to any of the
<br />property subject to this mortgage arc hereby assigned and shall be paid to mortgagee, who may apply the
<br />same to payment of the installments last due under said note, and mortgagee is hereby authorized, in the
<br />name of the mortgagor, 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 premises at any reasonable time.
<br />2. Default in any 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, al 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 of the rents and profits accruing niter default as security
<br />for the indebtedness secured hereby, with the right to enter upon said property for the purpose of collecting such
<br />rents and profile. This instrument shall operate as an assignment of any rentals on said property to that extent.
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