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<br />L T'be nortgagor owmaaL attd ogees m feflowa:
<br />s ffe will prtmtptly Pal the indebtednns evidenced by said P~r7 Dote at ibe times sad m the
<br />roamer tbeteia provided
<br />6. He sill pay all taw, nst~eate, Crater area, and orbs governmental or mmidpal ebaepr, ~ or'-
<br />impodtiotaa, fora tvbith provision boa not been made hetrinbe[ore, and will promptly deliver the official receipts
<br />therefor to the said mortgagee.
<br />c. He will pay such ezpenses and fees as may be incurred in the protection and maintenance of acid
<br />property, inclndiag the fees of any attoroey employed by the mortgagee for the collection o[ any or all of
<br />the indebtedness hereby secured, or for foreclosure by mortgagee's sale, or court proceedings, or in say othe[-
<br />litigation or proceeding affecting said premiers. Attorneys' Ceea reasonably incurred in any other way ahaA be
<br />paid by the mortgagor. -
<br />d. For barter security of the indebtedness hereby secured, upon the request of the mortgagee, ifs ana
<br />cesaon or aesign0. 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 property acquired by
<br />it after ihe, date hereof (all in form satisfactory to mortgagee). Furthermore, should mortgagor fail to cure
<br />any default in the payment of a prior or inferior encumbranceon 4heproperty described by [his instrument,
<br />mortgagor hereby agrees to permit mortgagee to cure such deCaui4 but mortgagee is not obligated to do so;
<br />and each advances shall become part of the indebtedness secured by this instrument, subject to the same
<br />trims sad conditions.
<br />e. The rights created by [hie conveyance shall remain in full force and effect during any postponement
<br />or extension of the time of payment of the indebtedness evidenced by said promiseon• note or any part thereof
<br />secured hereby.
<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 hereaiter on said property, and
<br />~.vill pay promptly when due any premiums therefor. All insurance shall be carried in companies acceptebk
<br />io mortgagee and the policies and renewals thereof shall Ire held by mortgagee and have attached thereto
<br />lose payable clattees in favor of and in form acceptable to the mortgagee. In event of loan, mortgagor will give
<br />immediate notice in writing to mortgagee, and mortgagee may make proof of loss if not made promptly 6y
<br />mortgagor, and each insurance wmpaay concerned ie hereby authorized and directed to make payment for such
<br />loos directly to mortgagee instead of to mortgagor and mortgagce jointly, and the insurance proceed0. or any
<br />part thereof, may ba applied by mortgagee at its option either to the reduction of the indebttdncae hereby
<br />secured or to the reatontion or repair of the property damaged or destroyed. In event of foreclosure of this
<br />mortgagx, or other transfer of title to said property in extinguiehmeat of the indebtedness secured hereby, all
<br />righ4 tide. and inteteat of the mortgagor in and to any insurance polic(ee then in force chart pace to the
<br />purchaser or mortgagee or, at the option of the mortgagee, may be aurreodered for a refund.
<br />X. 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 failure of the mortgagor to keep the buildings on said premises and [hose erected on said
<br />premises, or improvements thereon, in good repair, the mortgagee may make such repairs ae 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 inferior or superior to the lien of this mortgage without the written consent of the mort-
<br />gagee; and further, he will keep and maintain the same tree from the claim of all persons supplying labor or
<br />materiels for construction oI any and all buildings car improvements now being erected or to be erected on
<br />sa(d premiers.
<br />i. He will Dot rent or assign any part oC 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 for public use o[ or injury to any of the
<br />property subject to this mortgage are hereby assigned and shall be paid to mortgagee, who may apply the
<br />same to payment of the inets}]menin ]set due under said note, and mortgagee is hereby authotixd, 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 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 shale terminate the mortgagor's right to possession, use, and enjoyment of the property, at the option o[ the
<br />mortgagee or his assigns (it being agreed that the mortgagor shall have such right until default). Upon any such
<br />de1`ault. the mortgagee shall become the owner of all of the rents and profits accruing after default ae security
<br />for the indebtedness secured hereby, with the right to.enter upon said property for the purpose o[ collecting each
<br />rents and pro6ta. Thin instrument chat] operate ae an assignment of any rentals on said property to that extent.
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