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<br />L 'Phe mortgagor eovetamts sled ageea a foibwr:
<br />a. He will Pr~PilY Pal the indebtedness eridenced by said prtrmirory note at the times a~ u the
<br />manner therein provided
<br />b• He will pay all lazes, aseesttmmts, water rates, and other governmental or mmvdpal ehargat, fora, ter
<br />impositions, for which provision ha not lteea made hereinbedore, and will promptly deliver rite al6eial teoapv
<br />therefor to the said mortgagee.
<br />a He will pay such expenses and fees se may be incurred is the protection and maintenance of said
<br />property, including the fees of any attorney employed by the mortgagee [or the collection of any or all of
<br />the indebtedness hereby secured, or for foreclosure by mortgagee's sale, or court proceedings, or in any other
<br />litigation or proceeding affecting said premises. Attorneys' fees reasonably incurred in any other way shall be
<br />paid by the mortgagor. _
<br />d. Far belles eecuriiy of the indebtedness hereby secured, upon the request of the mortgagee, its euo-
<br />ceeaore or assigns, he shall execute and deliver a supplemental mortgage or mortgages covering any additions,
<br />improvements, or bettermenU made to the property hereinabove described :.nd all property acquired by
<br />it after the date hereof (all in form satisfactory to mortgagee). Furthermore, should mortgagor tai! to core
<br />any default in the payment of a prior or inferior encumbrance on the property described by this ioatrnmeat.
<br />mortgagor hereby agrees to permit mortgagee to cure such default, but mortgagee is not obligated to do eo;
<br />and each advances shall become part of the indebtedness 6ecured by this inatnament, subject to the same
<br />terms and 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 indebtednes6 evidenced by said promissory note or any part [hereof
<br />secured hereby.
<br />/. He will con[inuoualy 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 hereafter nn aaid property, and
<br />will pay prompily when due any premiums therefor. All inesrrance shall be mrried is companies acceptable
<br />to mortgagee and the policies and renewals thereof shall be held by mortgagee and have attached thereto
<br />lose payable clatreea ¢t favor of and in form acceptable to the mortgagee. In event of loss, mortgagor will give
<br />immediate notice in writing to mortgagee, and mortgagee may make proof of lass if not made prompily by
<br />mortgagoq and each insurance company concerned is hereby authorized and dimted to make payment for each
<br />loan directly to mortgagee instead of to mortgagor and mortgagee jointly, and the insurance proceeds, or arty
<br />part thereof, may be applied by mortgagee at its option either to the reduction of the indebtedness hereby
<br />eaxnzed or to the restoration or repair of the property damaged or destroyed. In event of foreclasare of this
<br />mortgage, or other transfer of Uile to said property in extinguishment of the indebtedness eecueed hereby, ell
<br />right, title, and inttr.:at of the mortgagor fa and to any insurance policies then is Gorce shall pass to the
<br />pnrchaeer or mortgagee or, a[ [he option of the mortgagee, may he surrendered for a refund.
<br />g. He will keep all buildings and other improvements ms said property in good repair and condition;
<br />will permi4 commit, or suffer no waste, impairment, deterioration of said property or any part thereof;
<br />in [he 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 6uch repairs as in its discretion it
<br />may deem necessary (or the proper preservation thereof: and the full amomtt of ~-ach and every such payment
<br />shall Le immediately due and payable and shall be secure<I by the lien of this mortgage.
<br />h. He will not voluntari:y 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 more
<br />gages; and further, he will keep and maintain the same free from the claim of all persons supplying labor or
<br />materials for canstraction of env and all buildings or improvements now being erected or to be erected sin
<br />said premises.
<br />i. He will not rent or assign any part of the rent of said mortgaged property or demolish, or remove,
<br />or substantially alter env 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 auy of the
<br />property subject to this mortgage ere hereby assigned and shall be paid to mortgagee, who may apuly the
<br />acme to payment of the installments last due uuder said note, and mortgagee is hereby auilrorixed, in the
<br />name of the mortgagor, to execute and deliver valid acquittances thereof and to appeal from any such award.
<br />!i. 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 thin instrument or of the torte or loan agreement secured
<br />hereby shall terminate the mortgagor a right to possession, use, and enjoyment of the property, at the option n( the
<br />mortgagee or his assigns (it being agreed that the mortgagor shall have such right until default). 1'pon any such
<br />de(aulq the mortgagee shall become the owner of all of [he rents and prolita ace ntiug after default as security
<br />for the indebtedness secured hereby, with the right to enter upon said properly for the purpose of collecting curb
<br />rents and profits. This instrument shall operate as ea asafgnment of any rentals on said property to that extent.
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