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~Q~ ~,~4€~33
<br />is ~ ttanrtgagor gyn.®ana.oa,gr~aa a. toil~,t.:
<br />a, He will pr~tptly pay the indehtedtter evidenced by said promiro:y Hate rt the tiaaea and is the
<br />manner thet'ein provided
<br />b. He will pay all uses, aeseaammta, water rates, and other govetumenul or mtmiripal ~ fins, or
<br />impositio»a, for which provision has not beam made heniahefore, and will promptly deliser the of$eial reeaipta-
<br />therefor to the raid mortgagee.
<br />c. He will pay such expenses and fees as may be incurred 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'e sale, or court proceedings, or in any other
<br />litigation or p-oceediag affecting said premises. Attorneys' fees reaeovably incurred in any other way shall be
<br />paid by the mortgagor. -
<br />d. For better eecurity of the indebtedness hereby secured, upon the request of the mortgagee, its sac•
<br />cessora or assigns, he shall execute and deliver a supplemental mortgage or mortgages covering any additiotte,
<br />improvements, or betterments made to the property hercinabove described :nd all property acquired 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 this 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 BPCUied by this instrument, subject to the same
<br />terms and conditions.
<br />e. The rights created by this conveyance shall remain in lull force and r.Sect during any postponement
<br />or extension of the time of payetent of the indebtedness evidenced by said promissory note or any part thereof
<br />secured hereby.
<br />~. He will continuoush~ maintain hazard insurance, ut such ivpe nr types and in such amounts as the
<br />mortgagee mar from time to time require on the improvements now or hereafter nn said property, and
<br />wi41 pay promptly when due any pramituas therefor. All iaanrart« shall be carried is companies acceptable
<br />to mortgagee sad the policies sad rentwele therco[ shall he held by mortgagee and have atuched thereto
<br />loos payable clauses in favor of and in form acceptable to the mortgagee. fn event of loss, mortgagor will give
<br />immediate notice is writing to mortgagee, and mortgagee may make proof of lose if not made promptly by
<br />mortgagor, and each insurance company eoacemed is hereby authorized and directed to make payment for such
<br />lass dirrtly to mortgagee iestead of to mortgagor and mortgagee jointly, and the insurance proceeds, or any
<br />pan thereof, may be applied by mortgagee at its option dither to the reduction of the indehtedaem hereby
<br />secured or to the tzstoratioa or repair of she property damaged or destroyed. in event of foreclosnz c, this
<br />mortgagq or other trabafcr of tide to said property in ea-tinguiehment of the indebtedness secured hereby, all
<br />righta title and interest o[ the mortgagor in and to any imuranee policies then in force shall peas to the
<br />purchaser or mortgagee oq at the option of the mortgagee, muy be surrendered for a refund.
<br />g. He will keep all buildings and other improvements nn said property in good repair and condition;
<br />will permit, commit, or su8er nu waste, impairment, deterioration of said property or any part thereof;
<br />in the turn[ of failure of the mortgagor to keep the buildings on said premises and those erected on acid
<br />premises, or improvements thereon, in good repair, the mortgagee may make each repairs as in its diecretian it
<br />may deem neeeesary for the proper preservation thereof: and the Full amount of tech and every Hoch payment
<br />shall be immrdiateh~ due and payable and shall be .enured by the lien of this mortgage.
<br />h. lie will not voluntarily mate nr permit to be created against the property subject to this murtgaae
<br />any lien or liens inferior or superior to the lien of this nwrlguge without the written catsrnt of the mort-
<br />grgee; and further, hr will keep mad maintain the saute free from the, claim of all persona supplying labor or
<br />materials fear construction of env and all buildings or impntventeuts uuw tn~ing rn•eted or to br. erected un
<br />said prom;ees.
<br />i. Ile will not rent or assign any pert of the rent of said nwrlguged property ur demolish, or remove,
<br />or euhntantially alter any building without the written consent of the mortgagee,
<br />j. All awards of demagea in comtectioo with any tootle-mnation far public one of ur injury to aoy of the
<br />property subject to this mortgage are hereby assigned and nhull be paid to mortgagee, wbn muy apply the
<br />same to payment ai the installments leaf due under said note, and mortgagee in Lereby authorised, in the
<br />name oI the mortgagoq to execute and deliver valid acyuittancer thereof and to appeal from aoy suelt award.
<br />k. The mortgagee shall have the right to inspect the mortgaged premises at any reasonable time.
<br />2, ihtanh in any of the covenants or emtditions of this instrument ur of the note or loan agtremant aerated
<br />hereby shall terminate the mortgagor a right to pusseeeion, use, and enjoyment n( the proper!}, at the optimt of the
<br />mortgagee or his assigns (it being agreed that [he mortgagor shall have such right until default j. I!pun any such
<br />defauh,.the mortgagee shall become the owner of all of the rents and profits accruing after default an security
<br />for efts indebtedness secured beech}', wish the right to enter upon said pruln~rty for the purpose of Collecting such
<br />rents and profile.- Thu instrument eha^ operate as an assignment of any rentals nn said property to that extent.
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