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80~a ,~ ~~ .a ~ 3
<br />L The mortgagor mvenatrta attd agrees as foltoon:
<br />a. He will Pr~P~7 Pay the indebtedness evidetced by acid psomiawry note at the times ate is the
<br />tntranu therein pzorid~d
<br />b. He will pay aIi taus, areattme®ta, water rates, and other gortermmeatal or mtmieipd eltatDea, fine, or
<br />impttaitiona, for which pr+ovisim has not bees made hcreinhefore, and wiD promptly deSver the oEeial rtxeipts
<br />therefor to the said mottgagee_
<br />r. He wi^ pay such expeasee and fees ae may be incurred in the peotection and maintwance of said
<br />property, including ebe fees of any attorney employed by the mortgagee Cor the collection of any or all of
<br />the indebtedness hereby secured, or for foreclosure by mortgagee's safe, or court proceedings, or in atry other-
<br />litigation or proceeding affecting said premises. Attorneys' fees reasonably incurred in any other way shall he
<br />paid by the mortgagor.
<br />ri. Cor better security of the indebtedness hereby secured, upon the request of the mortgagee, its aue-
<br />ceeaora oz 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 all property acquired by
<br />it after the date hereof (alF in Corm eatiafectory to mortgagee). Furthermore, should mortgagor fail to cane
<br />any default in the payment of a.prior or inferior encumbrance on the property described by this instrument,
<br />mortgagor hereby agrees to permit mortgagee to cure such default, but mortgagee is not obligated to do so;
<br />and such advances shall become part of the indebtedness aecssred by this inatnrmenq 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 eztenaion of the time of payment of the indebtednes» evidenced by said promiasorv note or any part thereof
<br />secured herebv.
<br />f. He will continuously maintain hazard insurance. of each type or tepee and in such xmounte ae [be
<br />mortgagee mac from time to time require on the improvements now or hereafter on said propee¢p, and
<br />,vill pay promptly when due any premiums there[or. All imnraace shall be cetr_ed in companies acceptabk
<br />to mortgagee and the pnlirica and renewals thereof shall be held by mortgagee sad have attached thazeto
<br />Ions payable clauses in tsvor of and in form acceptable to the mortgsgce. Irt event of loss, mortgagor will give
<br />immediate notice in writing to mortgagee, and mortgagee may make proof of lass if sot made promptly by
<br />mortgagor, and each insurance company concerned is hereby authorised and directed to make payment for such
<br />Ioee directly to mortgagee instead of to mortgagor and mortgagee jointly. sad the insurance proceeds, or say
<br />part thereof, mar be aooiitd by mortgagee at its option either to the reduction of the iadebtedasaa hereby
<br />secured oz to the rmtozation or repair of the property damaged or destroyed. la event of foreelosore of thin
<br />mtirtgsge, or other t: sna#er of tills w said property in extinguishment of the indebtedness s«ured $zreby, ail
<br />right, title, and intar~t of the mortgagor is sad to say insueauee poliai~ thin in force shall pass to the
<br />pura•ftaeer or mortgagee oq at the option of the mortgagee, mac kte surrendered [or a refund.
<br />g. He will keep all buildings and other improvements un said property in good repair and condition;
<br />will permit, commit, oe suffer no woate, impairmcnl, deterioration of said property or any part thereof;
<br />in the. event n( failure of [he mortgagor to keep the building» on »aid premises and those erected nn said
<br />premises, or iropruvementa Iherron, in good repair, the mortgagee may make such repairs ae in its di»rretion it
<br />may deem necessary for the proper preservation thereof; and the full amount of each and every such payment
<br />shall be immediately due and payable and sbail be »emtred by the lien of this mortgage.
<br />h. He will not voluntarily create or permit to f>P created against the proprrh• subject to thin mortgage
<br />any lien or liens inferior ur superior in the lieu of this rnurtgagr without for wrinrn ranernt of t}te neurt•
<br />gages; and htrther, hr will keep ;uul + eintain the same (err from the claim of all persons eupplving labor or
<br />materials for coastnn•tiun of ear and all bwldiogs or improve utruts now bring +•rretrd nr to hr erected nu
<br />said premises.
<br />. He will not rent e r aaeigu any pan n( the rent u( sail mortgaged grope rte or denudi»ly or remove,
<br />or subatantiallr alter any i.ailding witboeu the written eunsent of the murtgagrr.
<br />j. AlI awards of damages in connection wilt env condenwation for public uMr of or injury to any of the
<br />property subject to this mortgage err herebv assigned and shall be paid to mortgagee, who may apply the
<br />sumo to payment of the iratallmenis last due under raid ttute, and murtgagrr +s +. rri.y auiboeiscd, :u the
<br />mm~e of the mortgagor, to execute and deliver slid acyuittancrs thrrcol' and to appeal f non .nn' such :+wanl.
<br />k. The nmrtgagre shall have the right to inspect the nturtgagrd premise» st arty rra»unablc tints
<br />~. IWauh in any of the revenants ur conditions of this instnunrnt or of the sate ur luau .,grrru+em ., cured
<br />hereby shall terminate the mortgagor's right to po»»r»eion, use, and enp,y meat of the pn+prrt,, at the uptt.•,:..f ehe
<br />mortgagee or his aaxigna lit Mang agreed that the mortgagor shall ha.e such nght until default 1. 1 pun a sorb
<br />defaulq the ntnrtgagac shall become the o ter u( all of dtc rents and prolit~ . u+g e(trr default a e curity
<br />for the. indebtedness secured hrreb7, with the right to enter upot .aid property (orrt+hc upu»a u( cullecling sue6
<br />ren4 and profits. This inxtntment shall operate ae an assignment oI any rentals ou .aid propene io that extent.
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