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<br />1. The mortgagor covenant. sad agree: a. folbtn:
<br />a. Ha will P~Ptly Pap She iodebtedner evidenced by .aid pramnsory note at the ti~a and in the
<br />manner therein provided
<br />6. Ha will pap all taus, assessments, water ratan, and other govetttmmtal or manieipal r2tatger, finea, e:
<br />impositions, for which pravidon bas n~ bees made hereinhefore, sad will promptly deliver the oieial:aoeiptr
<br />therefor to the said mortgagee,
<br />c. He will pay such e:penees and tees as may be incurred in the protce6on and maintenance o[ acid
<br />propertc, 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 toreclosare by mortgagee': Bale, or court proceeding:, or is say otlrer
<br />litigation or proceeding affecting said premises. Attorneys' fees reasonably incurred in any other way chart be
<br />paid by *_he morTager. -
<br />d. For better eceurity of the indebtedness hereby secured, upon the request o[ the mortgagee, ire eno~
<br />ceseorn or aeeigna, 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 acgaired by
<br />it after the date hereof tall in form satisfactory to mortgagee). Furthermore, should mortgagor fail to cure
<br />any default in the payment of a prior or inferior encumbrance on the property described by thisiastrumeat,
<br />mortgagor hereby agrees to permit mortgagee to cure such default, but mortgagee is not obligated to do so;
<br />and each advances shaft become part of the indebtedness aecnred by thin inntroment, 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 thereof
<br />secured herebv.
<br />f. He will continuously maintain hazard insurance, n! such type or n•pea and in such amounts ae [he
<br />mortgagee may from time to time require on the. improvement: now or hereafter on said property, and
<br />will pay promptly when doe any premiums therefor. Ali insurance shall be carried in companies acceptabk
<br />to mortgagce and the policies and reaewale thereof shall be held by mortgagee sad have attached thereto
<br />lace payable clauses in favor of and is form acceptable to the mortgagee. In event of loss, mortgagor will give
<br />immediate notice in writing to mortgagee, sad mortgagee may make proof of taro if sot made promptly by
<br />mortgagoq and each insurance company rnacerned is hereby autltorittd and direMed to make papmeat for such
<br />loss directly to mortgagee instead of to mortgagor and mortgagee jointly, and the inatrraax proceeds, ar say
<br />part thereof, may be applied by mortgagce at its option either to the reduction of the iadebtedneae henhy
<br />sectored ar to the rdeoraiion or repair of the property damaged or destroyed. fa event of foreclosure of this
<br />mortgage, or other transfer of title to said property in eainguishment of the iadebtednese eceurod herebv, ell
<br />right, title, sad interest of the mortgagor in and to any insurance policies rhea in force shall pass to the
<br />purchaser or mortgagee or, at the option of the mortgagee, may be surrendered for a refund.
<br />g. He will keep all building: and other improvements nn said property in goad repair and condition;
<br />will permit. commit, or autfer no waste, impairment, deterioration of said property or any part thereof;
<br />in the event of failure o[ the mortgagor to keep the buildings nn said premises and those erected no said
<br />premise:, or improvements thereon, in good repair, [he mortgagee may make such repairs sa in its diacrelion it
<br />may deers necessary for the proper preservation thereof; and the full amount of each and every such payment
<br />:hall Le immediately due and payable and :hall be secured by the lien of this mortgage.
<br />h. He will not volwaarily create or permit io be created against the property subject ro this mortgage
<br />any lien or liens inferior or superior to the lien of this mortgage widtout the written consent of the morL
<br />gages; and further, ha will keep and maintain the some free from the claim of all persons supplying labor or
<br />materials for eonstructiun of any and all buildings ar improvements now bring erected or to br erected on
<br />said premise.:.
<br />i. He will not rent or assign any part of the rem of :aid mortgaged property or demolish, or remove,
<br />or nubetantially alter any building without the written consent of the mortgagee.
<br />j. All awards of damages in connection with any candenmation for public use of or injury to any of the
<br />property subject to this mortgage ere hereby assigned and shall be paid to mortgagee, who may apply the
<br />same to payment of the installments last due under said note, and mortgagee in hereby authorized, in the
<br />name of the mortgagor, to execute and deliver valid acyuittances thereof and to appeal from any such award.
<br />k. The mortgagee :hall have the right to inspect'the mortgaged premises at any reasonable time
<br />2. Default in any of the rovenante or condition: of Chia instrument or of the oar or loan agreement secured
<br />hereby shall terminate the mortgagor a right to poaseasion, use, and enjoyment of the property, nt the option of the
<br />mortgagee, or his asaigne lit Laing agreed that the mortgagor shall hove each right until default). Upon any such
<br />default, the mortgagee shall become the owner of all of the yenta and prattle sec n:ing alter default as security
<br />for the indebtedness secured hereby, with the right to enter upon said property for the purpose of collecting each
<br />rents and profits. This instrument shall operate as an assignment of any rentals nn said property to that extent.
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