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<br />80--- vU45~3~
<br />1. 1`he mortgagor eoveaanb arts agrroes ae follows:
<br />s. Ha will promptly pay the indebtedaer evidenced by acid promirory note at the rims and in the
<br />manger thceeia provided
<br />6. He will pay all taus, aasesemenut, water rates. and other governmeaul or mtmidpal charges, 5nes; or
<br />impoaitionq for which provision has not been made hereittbefore, and will promptly deliver the adrrial
<br />therefor to ilte said mortgagee.
<br />c. He will pay such expenses and tees ae may be fincurred in the protection and maintenance of said
<br />property, including the tees oC any attorney employed by the mortgagee for the collection of any or aH of
<br />the indebtedness hereby secured, or [or foreclosure by mortgagee a sale, or court proceedings, or io say othes-
<br />litigation or proceeding affecting said premises Attorneys' fees-reasonably incurred iu any other way shall 6e
<br />paid by the mortgagor.
<br />d. For better security of the indebtedness hereby secured, upon the request of the mortgagee, its sttr
<br />ceaeors or assigns, he shall execute and deliver a supplemental mortgage or mortgages covering any addiGon&
<br />improvements, or betterments made to the property hereinabove described :.nd all propertq acyvired by
<br />it after the date hereof (all in form satisfactory to mortgagee). Furthermore, should mortgagor fail to cone
<br />any default in the pa}•ment of a prior or inferior encumbrance on the property <lescribed by this iaetrumen4
<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 inetrumenq subject to the same
<br />terms and conditions.
<br />r. The rights created by this conveyance shall remain in foil farce and effect during any postponement
<br />or extension of the time of paymem of the indebtedness evidenced by said promiri ory note or any part thereof
<br />secured hereby.
<br />f. He will continuously maintain hazard insurance, of such type or types and in such amounts ae the
<br />mortgagee may from time to time require on the improvements now or hereafter on said property, and
<br />will pay promptly when due any premiums therefor. All imnraace shall be carried in companies aoceptabk
<br />to mortgagee and the policies and renewals thereof shaft be held by mortgagee and have attached thereto
<br />tom payable clatteea in favor of and in form acceptable to the mortgagee. In event of lose, mortgagor will give
<br />immediate notice in writivg to mortgagee, and mortgagee may make proof of loos if not made pmmptip by
<br />mortgagor, and each insurance company conoerved is hereby authorised and dimted to make payment for sneh
<br />toes diroctly to mortgagee instead of to mortgagor and mortgagee jointly, and the i»enrana ptotxede, or say
<br />part thereof, may be applied by mortgagee at its option either to the reduction of the indebtedness hereby
<br />secured or to the restoration or repair oI the property damaged or destroyed. In event of forecloettra of this
<br />mortgage. or othee transfer of title to said property in ~rtinguishment of the indebtedness secured herahy, all
<br />right, Ltle, and interest of the mot+R,agor ie and to any insurance. policies Lhen in force shell ease to tlse
<br />purchaser or mortgagee oq at the option of the mortgagee., may be 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, or suAer no waste, impairment, deterioration o[ said property or any part thereof;
<br />in the event of failure of the mortgagor to keep the, buildings ou said premises and those erected on said
<br />premises, or improvements thereon, in good repair, the mortgagee may make each repairs as in its discretion it
<br />may deem necessary for the proper preservation thereof; and the full amount of each and every such payment
<br />shall be 'rmmedtatety due and payable and shall be secured by the lien of this mortgage.
<br />6. He will not voluntarily create or perntit to be created against the property subject to this mortgage
<br />any Lien or liens inferior or superior to the lien of this mortgage without the written canxent of the more
<br />gager; and further, he will keep and maintain the name free from the claim of all persons supplying labor or
<br />materials (or conalntclion of any and all buildings or improvements now bring erected or to he erected on
<br />said premiaex.
<br />i. He will not rent or assign any part o[ tbu rent of said mortgaged property or demolish, or remove,
<br />or subetentialiy alter any building without the written oonscnt u(the mortgagee.
<br />j. All awards of damages in connection with any condemnation for public axe of or injury to guy oC thn
<br />property subject to this mortgage are hereby assigned and shall be paid to mortgagee, wlto may apply the
<br />same to oayntent of the inauilmente last due under said note, and ntorigagee is hereby authorised, in the
<br />name of the mortgagor, to execute and deliver valid acquittances thereof and to appeai from any such award.
<br />k. The mortgagee shall have the right to inspect the mortgaged premises at any reasonable time.
<br />2. Default in any of the covenants or conditions o[ This instntmen! or of the note or loan agreement secured
<br />hereby shall terminate the mortgagor's right to possession, use, and enjoyment of the property, at the option of the
<br />mortgagee or his assigns (it being agreed that the mortgagor shall have such right until drfnult). Upon nny such
<br />default, [he mortgagee shall become the owner of all of the rests and prolits accruing after defauh as security
<br />for the indebtedness secured hereby, with the. right to enter upon said property for she purpose of collecting such
<br />rents and profits. This instrument shall operate an an assignment of any rentals on said property to that rxteut.
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