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<br />1:. The mortgagor covenants sad agrees as follows:
<br />a. He will ?~Pil7 Pay the indebtedness evidenced by said promissory Dote at the tires and io the
<br />tmannee therein provided
<br />b. Ha will pay aU raw, asse~ents. water rates, and other governmental ar mtraieipa! charges, ~, of
<br />imposiliotrs, for which provision bas oat been made heroinbefore, and will Promptly-deliver the e6eial eeoeip4 -
<br />therefor to the said mortgagee.
<br />c. He will pay such expenses and fees as may be incurred in the protection and maintenance of said
<br />properly, including the fees of any attorney employed by the mortgagee for the collection of any or all of
<br />the indebtedness hereby secured, or (or foreclosure by mortgagee's sale, or coon proceedings, or in soy other
<br />litigation or proceeding affecting said premises. Attorneys' fees reasonably incurred in any other way shall be
<br />paid by the mortgagor.
<br />d. For better security of the indebtedness hereby secured, upon the request of the mortgagee, its suc-
<br />ceeaars 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 aster 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 ie 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 fall force and effect during any postponement
<br />or extension of the time of payment of the indebtedness evidenced by said promissory note or any pan thereof
<br />secured hereby.
<br />J. Ile will continuously maintain hazard insurance, of each type or types and in such amounts ae the
<br />mortgagee mac from time to time require on the improvements now or hereafter on said properly, and
<br />will pay promptly when due any premiums therefor. Ail insurance shall be carried in companies acceptable
<br />to mortgagee and the policies and renewals thereof shall be held by mortgagce and have attached thereto
<br />lose payable clauses is favor of and in form acceptable to the mortgagee. In event of loos, mortgagor will give
<br />immediate notice in writing to mortgagee, and mortgagee may make proof of teen if not made promptly by
<br />mortgagor, and each insurance company coacemed is hereby authorized and dimted to nuke payment for sacb
<br />loss directly to mortgagee instead of to mortgagor and mortgagee jointly, and the inmrrance proueda, or nap
<br />pan thereof, may be appL'ed by mortgagee at ire option either to the reduction of the indebtedness hereby
<br />secured or to the reetoratioa or repair of the property damaged or destroyed. la event of foreclosure of thin
<br />mortgage, or other transfer of title to said property in extinguishment of she indebtedness secured hereby, all
<br />right, titlq and interest of the mortgagor in and to any insurance policies then in force shall pass to the
<br />purchaser or mortgagee or, at the option of the mortgagee, may be surrendered for a rrfnnd.
<br />g. He 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 of said properly or any part thereof;
<br />in the event of failure o[ the mortgagor to keep 'the buildings on said premises and those erected oa said
<br />premises. or improvements thereon, in good repair, the mortgagee may make such 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 immediately due and payable and shall be secured by the lien of this mortgage.
<br />h. He will not voluntarily create or permit to i>P created against the properh• subject to this mortgage
<br />any lien or liens inferior or superior to Ore tiro of this mortgage without the written consent n( the mort•
<br />gegee; and further, he will keep and maintain the same free from the claim of all peroone supplying labor or
<br />materials far construction of any and all buildings or improvements now being erected or to be erected on
<br />said premises.
<br />i. He will not rent or nssign any part of the rent of said mortgaged property or demolish, or remove,
<br />or substantially alter any building without the written consent of the mortgagee.
<br />j. All awards of damages in comrection with any condemnation for public use of or injury to any 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 iuatAllmente Last 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 appeal from any Hoch 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 imtrument or of the note or loan agreement secured
<br />hereby shall terminate the mortgagor's right to possession, tree, and enjoyment of the property, at the option of the
<br />mortgagee or his aeaigns (it being agreed that the mortgagor shall have such right until default). Upon any ouch
<br />default, the mortgagee shall become the owner of nll of the rents and profits accruing after default ae security
<br />for the indebtedness eeeured Lereby, with the right to enter upon said property (or the purpose of collecting such
<br />rents and profits. This instrument shall operate as~aa assignment of any tennis on said property to that extent.
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