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<br />L The mortgagee wemaou aced agrees r ftrlio~a:
<br />a He will P~PHy W7 the iadebtedn[aa evidetaeed b7 said promirory note at the times and in the
<br />manou therein provided
<br />b. He Trill pay all razes, sou, water rates, sad other governmental or mtmiepel ehulgeq firma, ar
<br />impa®tiom, [or which provision hn not berm made hereinbefore, and wiII promptly deBever the oitdai txdpts~.
<br />therefor to the raid mortgagee.
<br />a Ne will pay each expenses and fees as may be incurred is the protection and main6enance 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 (oreclosore by mortgagee a sale, or tour[ proeeedinge, or in say other
<br />litigation or proceeding affecting said premises. Attorneys' fees reasonably incurred in any other way elull be-
<br />paid bythe mortgagor.
<br />d. For better security of the indebtedness hereby aecared, upon [rte request of the mortgagee, its ene•
<br />ceseors or assigns, he shall execute and deliver a supplemental mortgage or mortgagee covering any additions,
<br />improvements, or betterments made to the property hereinabove described :.nd aA property acgnircd by
<br />it after the 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 encumbrance on the property described by thin instrument.
<br />mortgagor hereby agrees to permit mortgagee to cure such default, but mortgagee is not obligated to do eo;
<br />and such advances shall become part of the indebtedness secured by this instrument. subject to the same
<br />terms and ronditione.
<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 o[ the indebtedness evidenced by said promissory note or any part thereof
<br />secured herebr.
<br />f. He will continuously maintain hazard insurance, of each type or types and in such amounts na the
<br />mortgagee may from time to time require on the improvements now or hereafter on said property, and
<br />:vill pay promptly when due any premiums thtrefor. All inenrance shall be carried in companies acceptable
<br />to mortgagee and the policies and renewals thereof shall be held by mortgagee and have attached thereto
<br />lom payable cla--uses is favor of sad in form acceptable to the mortgagee. In evtnt of loss, mortgagor will give
<br />immediate notice is writing to mortgagee, and mortgagee msy make proof of loos if sot mode promptly by
<br />mortgagor, sad each insurance company wacerned is hereby authorized and directed to make payment for each
<br />loss directly to mortgagee instead of to mortgagor and mortgagee jointly, and the iasureace proceeds, or any
<br />poet thttzof, may bt; applied by mortgagee at its option either to the reductiaa of the iadebtedaees hereby
<br />secured or to the mtoration cr repmir of the property damaged or destroyed. In event of foreclosure of this
<br />mortgage, or other transfer of title to said property in extinguishment of the indebtedness secured hereby, all
<br />right. title, and iatereet of the mortgagor in and to any insurance policies then in force shall pass to tht
<br />purchaser or mortgagee or, at the option of the mortgagee, may he 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, ur suffer no waste, impairment, deterioration of said property or any pact thereof;
<br />in the event of failure of [he mortgagor to keep the buildings nn said premises and [hose erected no said
<br />premises, or improvements thereon, in good repair, the mortgage[ [nay make such repairs as in ire discretion it
<br />may deem necessary for the proper preservation therefL' and dte full amount o(cach and every such payment
<br />shall be immediately due and payable and shall be secured by the lien of thin mortgage.
<br />h. F{e will not voluntarily create or permit to be created against the proprrn~ subject to this mortgage
<br />any lien or liens inferior or superior to the lien of this mortgage without the written rannent of the mort-
<br />gagee; and htrlheq 6e will keep and maintain the same free from the claim of all penams supplying labor or
<br />materiels (or constnrctiun n( any and all buildings ur improvements now bring erected ur to he erected nn
<br />said premises.
<br />i. He will not rent or assign any part of the rent of said mortgaged properly 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 1=ublic use of or injury t« any of the
<br />property subject to thin mortgage are hereby assigned and shall be paid to mortgagee, who ma. apply the
<br />same to payment of the inatollments last tint under said note, and mortgagee is hereby authorized, in the
<br />name, of the mortgagoq [o execute and deliver valid acquittances thereof and to appeal from nny sorb award.
<br />k. The mortgagee shall have the right to inspect the mortgaged premises nt nny reasonable time
<br />2. Default in any of the covenants or conditions of this instrument or of the Harr or loan agreement secured
<br />hereby shall terminate the mortgagors right to possession, use, and enjoyment of [he property, at the option of the
<br />mortgagee or hie assigns (it being agreed that the mortgagor shall have such right until default). Llpon any Hoch
<br />default, the mortgagee shall become the owner of all of the rents and profile accruing n[ter default as security
<br />for tht indebtedness secured 6ercby, with the right to enter upon said property (or the purpose n( collecting such
<br />rents and profits.-This instrument sba!! operate as an assignment of any ren!a!s on said property to that extent.
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