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<br />;:. xft~mortg:gar«..~.~ta~a~a.gfom..:
<br />a. He will promptly pal the indebtedneaa evideaaxd by acid promissory note at tLe times sad' in tLe
<br />roamer therein provided
<br />b. He will pay all rasa, aaseaamenta, water ntee, and other go:ernmeotal or maaicipat rltargaa, finea, or
<br />imptteitiana, for tvLieh provision Lae not berm made herrsinbefoee, and wall promptly deliver the ol5eial receipts
<br />therefor to the said mortgagee.
<br />c. He will pay such expenses sad fees as may be incurred in the protection and maintenance of aaid~
<br />property, including the fees of any attorney employed by the mortgagee for the collection of any or all of
<br />the indebtedness hereby secured, or For foreclosure by mortgagee a sale, or court proceedings, or in any other
<br />litigation or proceeding afieeting said premises. Attorneys' Ccea reasonably incurred in any other way shall be
<br />paid by the mortgagor -
<br />d. s'or wetter security of the indebtedness hereby secured, upon the request of the mortgagee, its auo•
<br />reason or assigns, he shall execute and deliver a supplemental mortgage or mortgagee covering any additions,
<br />improvements, or betterments made to the property hr. reinaboye described :nd all property acquired by
<br />it after the date hereof (all in form satisfactory to mortgagee). Furthermore, should morigayar fail to cur^
<br />any default in the payment of a prior or inferior encumbrance on the property described by this instrumen4
<br />mortgagor hereby agrees to permit mortgagee to cure such default, but mortgagee is sat obligated to do so;
<br />and each advances shall become part of the indebtcdnew secnred by this instrument, subject to the same
<br />terms and conditions.
<br />e. The rights created by this conveyance shn1l remain in full force and effect 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 n aintain hazard insurance. of such type or types and in such amounts as the
<br />mortgagee may Gom time to atime require on the improvements now ur hereafter nn said property, and
<br />will pay promptly when due any premiums therefor. All imnrance shall 6e serried in companies acceptable
<br />to mortgagee and the peliciea and renewals thereof shall be held by mortgagee and have attached thereto
<br />leans payable claetae~ is favor of and in form acceptable to the mortgagee. Ia event of lass, mortgagor wiL° &iro
<br />immediate notice in writing to mortgagee, and mortgagee may make proof of toes if not made promptly by
<br />mortgagor, and each imurance company rnncerned is hereby authorized and dimted to melee payment for such
<br />lose directly to mortgagee instead of to mortgagor and mortgagee jointly, and the insurance proccede, or any
<br />part ther's,f, may be applies by mortgzg~ at its action either to the redaelion of ebe iadeLtednem hereby
<br />secured or to the restoration or repair of the property damaged oz destroyed. In event of torecloeuro of this
<br />mortgage, or outer transfer of title to said property in extinguishment of the indebtedness secured hereby, alt
<br />right, tide, and interest of the mortgagor in and to any insurance poiiciea then in force shall pass to the
<br />purchaser or mortgagee ur, 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 failure of the mortgagor to keep the buildings on said premises and those erected nn said
<br />premises, or improvemema thereon, in good repair, the mortgagee may make such repaire as in its discretion it
<br />rosy deem necessary for the proper preservation thereof; and [he 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 free from the claim of all persons supplying labor or
<br />materials for construction of any and all buildings or itnprvrvements now being erected ur to be erected on
<br />said premises.
<br />i. He will nut 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 damaues in eun3aection with any condemnation for pnb!ir use of or injury to auy of ilrc
<br />property subject to this mortgage are hereby assigned and shall be paid to mortgagee, who may apply ibe
<br />same to payment of the installments last due under said note, and mortgagee is hereby autlturi;.ad, 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 of any reasonable time
<br />2. Default in any of the covenants or conditions of this instrument or of t-ire sole 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 hie aeaigna (it being agreed that the mortgagor shall have such right until detault). Upon any such
<br />default, the mortgagee shall become the owner of all of the rent and profits :cresting after default as security
<br />for the indebtedness secured hereby, with the right to enter upon acid property tar the purpose of collecting each
<br />rents and profiU. This inetnJment shal- operate as an assignment of any rentals on said property to that extent.
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