<br />~j_ {„!U sF+~ty
<br />3. 1~a tdotrtga~gtr tdveoanb atad a;tees as fope~s:
<br />a. He wiII promptly pal the fntlehtedtser-evidenced ky sdd pmsimory ttsh u~the titszcs sad ia-tlte..
<br />thr~ provided
<br />b. He will pay all rased, sastataoamts, wafstr rates, aatd other gsvetammW or mtwidpal-ebar~s, Ewes, ao-
<br />impoeitiaas, for which psosisim bas not Gem taadn baeiohtfore, asd wfU ptswptiy dcHvu the a6taz- eeaepo--=
<br />therefor to the said ffioetgegea
<br />c He will pay such expenses and tees an may be incurred in the proteMioa and maintenance of said
<br />- .property, including the fees of any attorney employed bq the mortgagee for the collection of any or all of
<br />the indebtedneaa hereby assured, ar for forecloanrc by mortgagee's sale. or court proceedings, aria-say other,
<br />litigaaio_n or prateeding a~ertiag said pzmitses. Attorteys' fees reasorahly incurred in-any other Way shall bn.
<br />paid by rite mortgagor.
<br />d. For better security of the indebtedness hereby secured, upon the request of the mortgagee, its sun
<br />eessors 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 :red all property acquired by
<br />it after the date hereof (all in form satiafactorv to mortgageel. Furthermore, should mortgagor fail to cure
<br />any default in the payment of a prior ar inferior encumbrance on the property described by this itmmtrttmenq
<br />mortgagor hereby agrees to permit mortgagee to cure such defaul4 Iwi mortgagee is not obligated to do ao;
<br />and such advances shall become part of the indebtedness secured by this instrvment, subject to the same
<br />terms and canditiona.
<br />e. The rights created by this conveyance shall remain in full (nets and eBect during any postponement
<br />or extension of the time of payment of the indebtedness evidenced by said promissory note or any part thereof
<br />secured hereby.
<br />(. He will continuously maintain hazard insurance, o! such type or types and in such amountn as the
<br />mortgagee rosy from time to time require nn the, improvements now or hereafter on said property, and
<br />:rill pap promptly when doe any premiums therefor. All insurance shall he carried in companies acoeptabk
<br />to mortgagee and the policies and renewals thereof shall be held by mortgagce sad have attaebed thereto
<br />lose payable clauaa in Cavor of and in form atxxptable to the mortgagee. In event of loss, mortgagor will give
<br />itametliale notice is writing to mortgagee, sad mortgagee may make proof of lass if not made promptly b7
<br />mortgagor, and tact-. insurance campaay racerne:d is hereby authorised and directed to make payment for sorb
<br />loan directly to mortgagee insuad of to mortgagor and mortgagee jointly, and the imurance proceeds, or any
<br />part thereat, may be applied by mortgagce at its option eithtr to the reduction of the indebtedness hereby
<br />eecuted or to the [nloration or repair of the property damaged or destroyed. In evmt of forecloeurc of this
<br />morigagt, or other trrtafer of title to said property in eainguinhmeat of the indebtedness eemred hereby, all
<br />right, title;, sad !surest of the mortgagor in and to any insurance policies then in Corte shall pass to the
<br />purchaser or mortgagee or, at the option of the mortgagee, may be eurrendered for a refund.
<br />F. He will keep all buildings and other improvements on said property in Rood repair and condition;
<br />will permit, commit, or surfer no waste. impairment, deterioration of said property or any pert thereof;
<br />in the even! of failure of the mortgagor to keep eht buildings on said promisee and those erected on said
<br />premises, or improvements thereon, in good repair, the mortgagee may make ouch repairs ae in ice discretion it
<br />may deem necessary For the proper preservation thereof; and the full amount of each and every xuch payment
<br />shall be immediately due and payable and shall be secured by the lien of thin mortgage.
<br />h. He will not voluntarily create or permit to be created against the property subject to this mortgage
<br />any lien ar liana inier:ar or superior to the lien of thin mortgage without the written consent of the m~rt-
<br />gagee: and further, he will keep and maintain Cite same (roe from the claim of al! pcrsans supplying labor or
<br />materials far construction of any and all buildings or improvements now being erected or 2~ he erected on
<br />said pretises,
<br />i. He will not rent or assign any part of the rent of said mortgaged property or demofiah, or remove,
<br />or snbetantieliy alter any banding without the written consent of [he mortgagee.
<br />j. Ali awards of damages in cotmectian with any condemnation for public use of or injury to any of the
<br />- .property subject to thin morigaga art hereby attsigned and shall be paid to mortgagee, who may apply the
<br />aatue to payment of the installments last due under said Hutt, and mortgagee is hereby authorised, in the
<br />name of the mortgagor, to execute and deliver valid acyuittances thereof end to appeal from ant such award.
<br />k. The mortgagee shall have the right to inspect the mortgaged premiere at any reasonable time.
<br />2. Default in say of the covenants or conditions of this instrument or of the cote or loan agreement secured
<br />hereby shall terminate the mortgagor's right to poeaeaaion, use, and enjoyment of the property, et the option o[ the
<br />ttstsMaaace or his assigns (it Fxing agreed that the mortgagor shell have such right until default). Upnn any such
<br />default, the mortgages shall become the owner of all oC the rents and prattle accreting aft¢s default as s¢curisy
<br />for the indebtedness s¢eurtd Lereby, with the right to enter upon said property far the purpose of collecting cosh
<br />easels and profits. This instrument shall operate seen seaiaamest of any rentals ar. said property to that.exttnt.
<br />,~,e`.
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