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80. t)~i~~7J~
<br />1. Tlr mortgagor ooveomb aed agree r fe0owa:
<br />a. He will promPtl7 pay the indehtethtttr ev€deaced by acid promirory note n the rims and in the
<br />manors therein provided
<br />b. He will pry all tam, areasmean, water ntee, and other governmental or mmidpal charges, iawr K
<br />impodtiooa, for which proriaim hr cot Gem made hereinbefore, and will pra®ptly dedrer the algal raeeipfa
<br />therefor to the acid tttortgagee.
<br />r. He will pay such expenses and fees ae may be incurred in the protection and maintenance of wig
<br />property, including the teen of any attorney employed by the mortgagee (or the collection of any or all of
<br />the indebtedner hereby secured, or for (oreeloenre by mortgagee a wlc, or court proceed€nga, or in any orbs
<br />litigation or proceeding affecting acid premises. Artorneye' fees reasonably incurred in any other way .hall be
<br />paid by the mortgagor.
<br />d. For better security of the indebtednem hereby secured, upon the request of the mortgagee, its wo
<br />essence or arigns, hr shall execute and deliver a eupplemmtal mortgage or mortgagee covering any addition,
<br />improvements, or betterments made to the property hereinabove described end all property acquired by
<br />it after the date hereof Intl in farm eatinfactory to mortgagee.). Furthermore, should mortgagor fail to cure
<br />any default in the payment of a prior or inferior encumbrance on the property dexribed by this imtrument,
<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 aecored by this instrument, subject to the name
<br />terms and conditions.
<br />P. The rights created by this conveyance shall remain in full force and effect during :my postponement
<br />or extension of the time of payment of the indebtedness Pridenced by said promissory note ar any part thereof
<br />secured hereby.
<br />/. He will continuously maintain hazard insurance, of such type or h'pPa and in such amounts as [he
<br />m0[tgageP. may from ttrtre IO time regUlrP 011 1lIP Ilnp[OYPmPnle IIOW 0r 11PrPafIP! 011 wId propert Y, altd
<br />will pay promptly when due any premiums there[or. All innrance shall 6e carried in compan€s acceptable
<br />w mortgagee soil the polls€s and reaewa6 thereof shall be held by mortgagee and have attached tharem
<br />for payable clause in farce of acrd in foern acceptable to the mortgagee. In event of lost, mortgagor will give
<br />immediate unties io writidg to m+*rtgagre, and mortgagee may melee prrwi of lac €f not made promptly h7
<br />mortgage, aed each imaratzce company cswcetroed i. hereby authariaod sad d;reetad to make payment for ^utd.
<br />ter directly w mortgagee intend of w mortgagor and mortgagee jointly, and the imurtraee peeseda, or soy
<br />part thereof, may be applied by mortgagee at its option either to the reduction of the iodabledaawrs hereby
<br />aeeurad or to the reataratian or repair of the property damaged ar deatrayed. Ia event of for~leanre of this
<br />ttrrtgage, or other tramier of title to said property in extinguishment o! the indebtedner secured hereby, ail
<br />right. title, and iptereat of the mortgagor in sad to nay imuraoce policies then in force shall par to the
<br />purchaser ar mortgages or, at the option of the mortgagee, may be surrendered for a refund.
<br />g. He will keep all buildings and other improvements on acid proprm~ in gowi repair and condition:
<br />will permit, commit, sir suer no waste, +mpairment, deterioration of said prolwrh~ nr arty part thereof;
<br />in the e.ent of failure of the mortgagor Io keep the buildings sin said prcmixs and those Prrrtld .m uid
<br />prem€sea, w improvements thereon, in good repair, the mortgagee may make such repairs a. m iU discretion it
<br />may deem tteceaeary [or the proper preservation tlrrreof: and the full amount of each and Terry such payment
<br />.hall be immediately due and payable and shall hr. sreurnl by thv lien of this murtgrgr.
<br />h. He will not voluntarily create or permit d. be erected xgainsl IhP property subject to rhea mortgage
<br />any lien ar lima inferior or superior to the lien of this mortgsgr without the wnurn +•unsrm .+f t}rr morn
<br />gat[er: an.l further, hr will keep and maintain the same free from the claim of ail prrnrn« supplying labor .rr
<br />materials for cwatrurtian sit any and all buildings or impnrvrmrnd now trues erected ,n to tr rrr.•erd sm
<br />said prrmisro.
<br />r. Hr will not rent ar arign any part of the rent of sod mortgaged property or demolish, or remove,
<br />or sabstantiai€r niter soy building without the written consent .rt the mortgsgrr-
<br />j. Ail awards of damages in connection with any eonriemnalwn fur public oar u( ar injury to any of the
<br />prapeats subject w the mortgage arc heroby assigned and shall be paid to mortgagor, who mar apply the
<br />sane w payment sit ties installmeou Irst dun under wig note, and mortgagor i« hereby suthoriaed, is the
<br />name ai the mortgagor, to execute end del lyre valid aequilturcra thereof and to appeal from any such award.
<br />k. Tim mortgagee shall have the right to impect the morlpgrd premises al any reawnable time.
<br />2 [kfault in any of the covenanu or condiUOnx of this imtrument or of the note sir ban agreement soured
<br />henby shill terminate the mortgagor's ng{tt to posseMlan, Use, •MII rnloy ment of the property, ar the opnnn of thr
<br />trarlgagee or hie arigm (€t bring agreed that the mortgagor shall have such right until default 1. Upon any such
<br />tlefault, the mortgagee shalt 6reume the awrrer of all of the rents and profits accruing after default as aecuritr
<br />for the indebterJnras secured leerebv, with the right to enter upwr said property far tker purpaee at col lecling aurh
<br />testa sad profile. Thu imtrument shall operate r an arignmant of nor rontals on said property to that extent.
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