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ciQ--UU~~S~ <br />L The mortgagor eeeaants and agrees as follows: <br />a. He wiIl promptly pay the indebtedness evidenced by said ptxmsissoq note at the time and in the <br />ittaoaxr tbea+ein provided <br />b. 1He will pay all talcs, aaaamtenta, water ntee, and other governmental or mnmcipal charges, fioaq or <br />imporitiotw, for which provision has tent been made Itereiabefore, and wiIl peompdy deliver the o~idd reeefpta <br />themfoe to the said mortgagee. <br />c. He will pay such expenses and tees ere 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 any or all of <br />the indebtedness hereby secured, or for foreclosure by mortgagee a safe, or court proceedings, or is any other <br />litigation or proceeding affecting said premier. Attorneys' fees reasonably incurred in any other way eha11 be <br />paid by the mortgagor- ~ - <br />d. For better security of the indebtedness hereby secured, upon the request of the mortgagee, its ave- <br />ceasora 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 6y <br />it after the date hereof (all,in form satisfactory to mortgagee). Furthermore, should mortgagor {ail to cure <br />any default in the payment of a prior or inferior encpmbrance on the property described by this inatrnmenq <br />mortgagor hereby agrees to permit mortgagee to cure such default, but mortgagee is not obligated to do eo; <br />and such advsncea 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 force and effect during any postponement <br />or extension of the time of payment of the indebtedness evidenced by said promissory note nr env part thereof <br />secured herebv. <br />~. I{e will continuously maintain hazard insurance. of such type nr types and in such amounts as 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 insurance shaft 6e carried in companies acaptabk <br />to mortgagee and the polfciee and renewals thereof shall be held by mortgagee and have attached thereto <br />tom payable dauaea is favor of and in form acceptable to the mortgagee. In event a[ loss, mortgagor will give <br />immediate notice in writing to mortgagee, aad mortgagee may make proof of loss if sat made promptfy by <br />mortgagor, and each insurance company concerned is herebp authorized and directed to make payment for such <br />lose directly to mortgagee instead of to mortgagor aad mortgagee jointly, aad the imuraaee proceeila or any <br />parr. thereof, mug be applied by mortgagee at its option either eo the rednctiam of the iadebtadaeaa hereby <br />neeureel or to the resmration or repair of the property damaged or destroyed. la event o[ foreelowre of tleis <br />mortgage, or ocher transfer of title to said property in eztinguiehment of the indebtedness secured hereby, all <br />right, title, aad iatereat of the mortgagor in and to any insurance policies rhea in force shall pass to the <br />purchaser or mortgagee or, at the option of the mortgagee, may be eurreodered for a refund. <br />g. Ile will keep all buildings and other improvements on said property in good repair and condition; <br />will permit, commit, or suffer no waste, impairment, deterioration n( 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 paymwt <br />shall be immediately due and payable and shall he xecured by the lien of this mortgage. <br />h. He will not voluntarily create or permit to be created against the property subject to this mortgag- <br />any lien or liens inferior or superior to the lien of this mortgage without the written consent of the moro- <br />gagae; and further, he will keep and maintain the same free from the claim of ail persona aupplving labor or <br />materials far construction of any and all buildings or improvements now being erected or to Fmr erected on <br />said premises. <br />i. He will not rent or assign any part of rho rent of said martgagetl property or demolah, or remove, <br />or aubsiantiaily alter any building a•itbont the written consent of the merigagre. <br />j. All awards of damages in connection with any condemnation for public use of rr injury :o auy of the <br />property Subject to this mortgage are hereby assigned and shall be paid to mortgagee, who may apply the <br />same to payment of the installments tsar due under said note, and mortgagee is hereby authorized, in the <br />name of the mortgagor, to execute and deliver valid acquittances thereof and to apperl :r,m any such award. <br />k. The mortgagee shall have the right to inspect the mortgaged premises ut any reasonable, time <br />2. Delault in any of the covenants or conditions of this instrument or of the note or loan agreement secured <br />hereby shaft terminate the mortgagor's right to posseesion, use, and enjoyment of the property, at the option of the <br />mprtg}tgee or his assigns (it being agreed that the mortgagor shall have such right mail default). Upon any such <br />defaulq the mortgagee shall become the owner of all of the rents and profile acerting alter default as security <br />fotthe indebtedness secured hereby, with the right to enter -upon said property for the purpose of collecting such <br />rents and profile. This instrument shall operate as an assignment of any rentals on said property to that extent. <br />