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<br />L The mortgagor eoveaants arm agree ae [ollnwa:
<br />a. Ha win promptly Pay the i~ebtedttna evidenced by acid promirory Hate m the time end is the
<br />m.aaer therein provided
<br />6. I3e will pap an tarn, utxwmenta, wale rates, sad odor gorerameatal ter mtmiapal ehargtr, fiaaa. ar .
<br />impoaitiow, for which providoa bu not berm made hereinbefore, and will promptly deliver tlro ofSeial etedpla
<br />therefor to the said ttmrtgagce.
<br />c. He will pay such expenses and fees ae may be incurred in the protection aad maintenance of said
<br />property, including the fees of any attorney employed 6y the mortgagee (or the collection at say or all of
<br />the indebtedness hereby secured, or for torecloeure by mortgagee a sale, ar tour[ proceediaga, or in aqy other-
<br />litigation or proceeding affecting said premises. Attorneys' fees reasonably incumd in any other way ahan be
<br />paid by the mortgagor.
<br />d. For better security of the indebtednse, hereby secured, upon the regoet of the mortgagee, its tens
<br />ceasore or aeeigns, he shall execute and deliver a supplemental mortgage or mortgage covering anp additiaas,
<br />improvements, or betterments made !o the property hereinabove described .nd al! property aegnired by
<br />it alter the date hereof (all in form satisfactory to mortgagee). Furthermore, should mortgagor fail to'care
<br />any default in the payment of a prior or interior encumbrance on the property described by this+eiatrttment,
<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 pare at the indebtedness secured 6y this instrument, subject to the same
<br />terms and conditions.
<br />r. The rights creased by [his conveyance shall remain in full force and effect during any postponement
<br />or extension of the time of payment o(the, inJeb[ednees evidenced by said promissory Hate or any part thereof
<br />secured hereby.
<br />f. He will continuously maintain hazard insurance, of ouch type or typex and in such amounts ae the
<br />mortgagee rosy from time to time require on the improvements now or hereafter on said property, and
<br />win pay prompily when due any premiums therefor. All insurance shall be carried is companin acceptable
<br />to mortgagee and the policie and reaewsls thereof shall be held by mortgagee and have attached thereto
<br />lass payable clattse in favor of and its Corm acceptable to the mortgagee. In event of loos, mortgagor will give
<br />immediate notice in writing to mortgagee, and mortgagee may make proof of loo if not made promptly by
<br />mortgagor, and each insurance company concerned ie hereby avthorized aad directed to melee payment for wch
<br />loos directly to mortgagee instead of to mortgagor aad mortgagee jointly, aad the insurance proceeds, or any
<br />pert thereof, may be applied by mortgagee st its option either to the reduction of the indebtedrtees hereby
<br />e«vred or to the tdtoration or repair of the property damaged or detroyed. la event o[ forecleeare of this
<br />mortgage, or other transfer of title to said property in ezeinguishmeat of the iode6tedneae secured hereby, aV
<br />right, title, and interest of the mortgagor in aad to any iaattraace policies then in farce shall pus us rho
<br />purchaser or mortgagee or, at the option of the mortgagee, may be surrendered for a refund.
<br />g. He will keep a^ buildings and outer improvements on said property in good repair and eondidon;
<br />will pertni4 commit, or auger nn waste, impairment, deterioration of said property or any part thereof;
<br />in the event of failure of the mortgagor to keep the buildings on sail premises and those erected on said
<br />premises, or improvements thereon, in good repair, the mortgagee may make such repairs as in its discretion it
<br />may Jeem necessary Por the proper preservation thereof: and the lull amount of each and every each payment
<br />shall be immediately due and payable and shall he secured by dte 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 interior ar superior to the lien of this mortgage without the written consent of the mort-
<br />gagee; and further, he will keep and maintain the s..me free from the claim of all persona supplying labor or
<br />materials for construction of any and all buildings or improvements now being erected or to be erected on
<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 aubemntially alter any 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 any of the
<br />property subject to this mortgage are hereby assigned anJ shall he paid to mortgagee, who may apply the
<br />came to payment of the installmeate last due under eaiJ note, and mortgagee is hereby authorized, fa the
<br />name of the rnortgagar, to execute and deliver valid acyuitlances thereof and to appeal from any such award.
<br />k. The mortgagee eholl have the right to inspect the mortgaged premises at any reasonable time
<br />2, Default in say of the covenants or conditions of this instrument or of the note or loan agreement secured
<br />hereby shall terminate the mortgagor's right to posseeaion, use, and enjoyment of the propern•, at the option of the
<br />mortgagee or hie aeaigos (it being agreed that the mortgagor shell have such right until default). Upon nny ouch
<br />default, the mortgagee shall become the owner of all n( the yenta and profits accruing after default as security
<br />fot the indebtedness secured hereby, with the right to enter upon said property for Ate purpose of collecting such
<br />fertte and profits. This instrument shall operate as an assignment of any rentals on said property to chat extent.
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