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<br />1. T>~ mntg.gar en~aat. ana agrna... rnnatra:
<br />a. He will promPely Wy the indebtetinem evideactd 6y said promirory note at the limn sad is the
<br />manner therein provided
<br />b. He wilt pay all rasa. astteasmmts, wale rates, and othu goveznmmtal u ma»iapal charge, fiaea, or
<br />impadtiooa, for which provision he not been made bereinbefore, and will promptly delivu the official teeeipb
<br />therefor to rite wid mortgagee.
<br />c. He will pay each expenses and fees as may be incurred in the protection and maintenance of said
<br />property, including the feee 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's sale, or court proceedings, or in any otbu
<br />litigation or proceeding affecting said premises. Attorneys' fen reasonably incurred in any other way shall be
<br />paid by the mortgagor.
<br />d. For better eecarity of the indebtedness hereby secured, upon the request of the mortgagee, its suc-
<br />ceaeore or assigns, he shall execute and de]ivee a supplemental mortgage or mortgage covering any additions,
<br />improvements, or betterments made to the property hereinabove described : nd all property acquired by
<br />it after the date hereo[ (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 instrurnen4
<br />mortgagor hereby agrees to permit mortgagee to cure such default. but mortgagee is not obligated to do so;
<br />and such advances shall become part of the indebtedness secured by [his inetrumen4 subject to the same
<br />teens and conditions.
<br />e. The rights created by this conveyance shall remain in full fares and ef(ert during any postponement
<br />or extension of the time of payment of the indebtedness evidenced by said promissory note nr any pan thereof
<br />secured hereby.
<br />J. He will continuously maintain hazard insurance, of such type or h'pes and in such amounts as the
<br />mortgagee may from time [o time require on the improvements now or hereafter on said properly, and
<br />will pay promptly when due any premiums therefor. Alt insurance shall be carried in companin acceptable
<br />to mortgagee and the policies and renewals thereof chat! be held by mortgagee and hwe attsched tberem
<br />loos payable clatleea in favor of and in form acceptable to the mortgagee. In event of loss, mortgagor will give
<br />immediate notice in writing to mortgagee, and mortgagee may make proof of loss if not mode promptly by
<br />mortgagor, and each inauranct company concerned ie hereby authorized end directed to make payment for such
<br />loss directly to mortgagee instead of to mortgagor and mortgsgee jointly, and the insurance proceeds, or any
<br />pan thereof, may be applied by mortgagee at its option tither to the reduction of the indebtednem herby
<br />secured or to ±he restoration or repair of the property damaged or destroyed. In event of foreclnute of this
<br />mortgage, or other transfer of title to said property 4n eztinguishment of the indebtedness secured hereby, all
<br />right, title, and interne of the mortgagor in and to any insurance policin then in tom shall pass to the
<br />purchaser or mortgagee or, at the option of the mortgagee, may be surrendered for a refund.
<br />g. He will keep all buildings and othez improvements on said properh• in good repair and condition;
<br />will permit, commit, or suffer no waste, impairment, deterioration of said properly ur any part thereof;
<br />in the event of failure of the mortgagor to keep the buildings on snid 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 neteeeary for the proper preservation thereof; and the full amount of each and every such payment
<br />shell be immediately dt,c and parable and shall be secure) by the lien of this mortgage.
<br />h. Ht will not voluntarily create or permit to be crested against the property subject to thin mortgage
<br />any lien or lienx inferior or superior to the lien of this mortgage without the written torment of the more
<br />gages; and further, he will keep and maintain the same free from the claim of all persons supplying labor or
<br />materials for conxtntetion of any and all buildings or improvements now being erected or to he errcied on
<br />said premises.
<br />i. He will not rent or assign auy port n( the rent n( said mortgaged property or demolish, or remove,
<br />or substantially alter any building without the written consem of the mortgagee.
<br />j. All swards of domagee in connection with any condemnation for public axe of or injury n> nny of the
<br />property eubjcct to this mortgage art hereby assigned and shall he paid to mortgagee, who may apply the
<br />same to payment of the inatAllmente lest due under said note, and mortgagee is hereby autltoriaed, in the
<br />name of the mortgagor, to execute and deliver valid acyuigmteee thereof and to appeal 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 of this instrument or of the, note or loan agreement secured
<br />hereby.shaH terminate the mortgagor's right to posseeaion, axe, and enjoyment of the property, at the option of the
<br />mortgagee or hie assigns (it being agreed that the mortgagor mhall have each right until default). Upon any each
<br />default, the mortgagee shall become the owner of ell of the rents and profits accruing niter default ax security
<br />!oe the indebtedness secured hereby, with the right to entu upon said proprerty for the purpose of collecting such
<br />renU and profits. This instrument shall operate as an amignntent of any rentals on said properly to that extent.
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