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<br />1. The mortgagor eotresuaL and agrees as follows:
<br />s. He will promptly pay the indebtedness e•rideaeed by said promirory note at the times and in the
<br />manonr thetteia provided
<br />b. He will pay sI1 taxey aret7ttmenL, water rates, sad other govetameatal or mtmidpal ednarges, Lars, or
<br />impoeitiowr for which prorisnon has not been made hereinbefore, and will promptly deliver the offal receipts
<br />therefor to the said mortgagee.
<br />c. He will pay such expenses and fees as may be incurred in the protection and maintenance of said
<br />property, including the tees 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's sale, or evert proceedings, or in any other
<br />litigation or proceeding affecting said premises. Attorneys' (see reasonably incurred in 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 mortgagce, its ena
<br />ceaeors or assigns., he shall execute and deliver a supplemental mortgage or mortgages covering any additions,
<br />tmprovements, or betterments made to the property hereinabove described :nd all property acquired by
<br />is after the date hereof fall in form satiefaetory to mortgagee). Furthermore, should mortgagor fail to cure
<br />any default-in the payment of a prior or interior encumbrance on the property described by this instrument,
<br />mortgagor hereby agrees to permit mortgagee to cure such default, I>ut mortgagee is not obligated to do so;
<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 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 thereo{
<br />secured hereby.
<br />(. He will continuously maintain hazard insurance, of such type nr types and in such amounts as [he
<br />mortgagee may 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 insnrma shall be carried in companies acoeptabk:
<br />to mortgagee and the policies and renewals thereof shall be field by mortgagee and have attached thereto
<br />toes payable clauses in favor of and in form aemptable to the mortgagee. In event of ions, mortgagor will give
<br />immediate notice in writing to mortgagee, and mortgagee may make proof of loss if not made promptly by
<br />mortgagor, and each insurance company concerned is hereby authorised and directed to make payment for each
<br />toes 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 ire option either to the reduction of the indebtedness hereby
<br />secured or to the restaration or repair of the properly damaged or destroyed. In erertt of fotzciaanre of this
<br />mortgage, or other transfer n( title to said property in eztinguinhment of the indebtedness secured hereby, all
<br />rigbt, title, and interest of the mortgagor in and to any insurance policies then in force aball pass to the
<br />purchaser or mortgagre nr, a[ the option of the mortgagee, may be surrendered for s rwftmd.
<br />R. He will keep all buildings and other improvements nn said property in good repair and condition;
<br />will permit, commit, or suffer nn waste, impairment, deterioration u( 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 un said
<br />premises, or improvements thereon, in good repair, the nmrlgagee mar make such repairs as in its discretion it
<br />may deem necessary for the proper preservation thereof: and the full amount o(each and every such payment
<br />shall he immediately due and payable and shall he secured by the lien of this mortgage.
<br />h. He will no[ volunt~.rily create or prnnit to hr treated 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 turtheq hr will keep and maintain the same free from the claim of all persons supplying labar or
<br />materiels for construction of any and all buildings or improvement now bring erected nr to br crested on
<br />said premises.
<br />i. He will not rent nr assign ,my part of the rem of said mortgaged property or demuliab, or remove,
<br />or substantially alter nny building without the written eonsem n(the nutrtgager.
<br />j. All awards of damages in connection with any condemnation for publin use of or injury to any oC the
<br />property eubjrst to this mortgage are her+_by aesi~ned and shall be paid to mortgagee, who may snot}' the
<br />same to payment of the inetallmcnta last due tinder raid note, and mortgagoo is hereby authorised, in the
<br />name of the mortgagoq [o execute and deliver valid aalnittmtees thereof and to appeal from any such award.
<br />k. The mortgagee shall Nava the rigfit to inspect the mortgaged premises at any seasonable time
<br />2. Aefault in any of the covenants nr conditions of this instrument nr of the note nr loan agmemem ~ccu red
<br />hereby shall terminate the mortgagors right to possession, use, and cnjoytncnt of [hr property, at the option of the
<br />mortgagee or his assigns lit being agreed that the mortgagor shall Gave sorb right until default l~ Upon any such
<br />defaulq the mortgagee shall become the, owner of all of the rents and profits accruing after default an security
<br />for the indebtedness secured hereby, with the right to enter upon said property for the purpose of collecting xuch
<br />rents end profits. Thin instrument shall operate as an assignment of any rentals on said properly Io that extent.
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