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<br />L The mostpgor eovenaon stab agrees ae follow:
<br />a. ]fe will P~P~y Pal the iatdehtedocaa evidmeed by acid promisory rrote at the limb and u the
<br />[sasses thesrin peo~idod
<br />b. He will pay all user, arnmaeaats, w arcs salsa, sad other govatmtea*al or manit3pai chasgn, f~ea, ~
<br />impoaitiom, for which pravfaim has mt hem made; bueinbefore, end will promptly deliver the of6efal texipm
<br />therefor to the acid mortgagee.
<br />c. He will pay such expenses and fees ae may be inwrnd in the protection and maintenance of said
<br />property, including the fees of any attorney employed by the mortgagee for the collection of aoy or all of
<br />the indebtedness hereby secured, or for foreclosure by mortgagee's sale, or court proceedings; or in any other
<br />litigation or proceeding affecting said premises. Attorneys fees reasonably incurred in aoy other way shall be
<br />paid by the mortgagor.
<br />~+. Far be!!er security of the indebtedness hereby secured, upon the request of the mortgages, ire sue-
<br />ceeeora 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 all property acquired by
<br />it after the date hereof fall in torm satisfactory to mortgagee). Furthermore, should mortgagor fait to cure
<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 snch default, bin 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 (orct and effect during any postponement
<br />or extension of dte time of payment of the indebtedness evidenred by said promissory note or any part thereof
<br />secured hereby.
<br />/. He will continuously maintain hazard insurance, of such type or types and in such amounts as the
<br />mortgagee may from time to time require on the improvements now or lierea(trr nn said property, and
<br />will pay promptly when due any premiums therefor. All insnrancs shall be carried in companies acceptable
<br />to mortgagee and the policies and renewals thereof shell be held by mortgagee and have atuched thereto
<br />Com pryeble clauses in favor of and in form acapuble to the mortgagee. In event of lose, mortgagor will give
<br />immediate notice is writing to mortgagee, and mortgagee may make proof of tom if not made promptly by
<br />mortgagor, and each insurance tympany ~acerned fa hereby authorised and directed to make payment for eneL
<br />toes directly to mortgagee iaatead of to mortgagor and mortgagee jointly, sad the inaetranea pzotxeda, of any
<br />Part thet-eof, may be applied by mortgagce at its option either to the reduction of the indebtedness hereby
<br />ensured or to the restoration or repair of the property damaged or destroyed. In event of foreclosure of this
<br />morigag«~, or ether ersmr'er of title Fo said properly in ex4inguishmeat of the iadabirdnras secured herby, all
<br />right, ti41a, and intemt of the mortgagor in and to am insurance oolitita then is force shell pane to the
<br />purchaser or mortgagee or, at the option of the mortgagee, mac he surrendered for a refund.
<br />g. He will keep all buildings and other improvements on said property in good repair and couditioa;
<br />will permit, commit, or surfer no waste, impairment, deterioration of 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 on said
<br />premises. or improvements thereon, in good repair, the mortgagee may make such repairs as in its discretion it
<br />may deem necessary (or the proper preservation thereof; and the full amount of each and every such payment
<br />shall be immediately ric^ and parable and shall be serored by the lien of this mortgage.
<br />h. He will not voluntarily create or permit to be created against the property subject m 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 further, he will keep and maintain the same fret from the claim of all persons supplying labor or
<br />materials for constnrction of any and all buildings err improvements now bring erected or to be erected on
<br />said premises.
<br />i. ilr. will not trot or assign any part of the rent oC said mortgaged property or demolish, or rtmove,
<br />or substantially alter any building without the written consent of the mortgages.
<br />j. All awards of damages in connection with any condemnation for public use of or injury s~, any of the
<br />property subject to this rnortgage are hereby assigned and sh:dl be paid to mortgagee, who ^•ay apply the
<br />same to payment of the installments last due under said note, and mortgagee is hereby authorized, in the
<br />name of the mortgagor, m execute and deliver valid acquittances thereof and ur appeal from any such award.
<br />k. The mortgagee shall have the right to inspect the mortgaged premise at any reasonable time
<br />2. Default in any of the covenants or conditions ni this instrument or of the note or loan agrtnment secured
<br />hereby shell terminate the morlgagoi s right to possession, ass, and enjoyment of the property, st the option of the
<br />mortgagee or his assigns lit being agreed that the mortgagor shall have such right until defauh). Upon any such
<br />default, .the mortgagee shall become the owner of all of the rents and profits accruing after default as security
<br />for the indebtedness secured hereby, with the right to enter upon said proicerty for rho purpose of collecting such
<br />lgrte andF~~nstrument shall operate as an aaaignment of any rentals on said property to that extent.
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