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<br />$~-U(~ pi :~t~~ <br />1. The mortgagor coymaau sad apses a follotsa: <br />a. He will prompily pay the indebtedner evidenced by acid promiroq note a the time and in the <br />manner tberein provided <br />b. He will pry all taw, areaamenta, water area, and other governm®ta1 or municipal ebaEasa, bas, or . <br />impsitiona, for which provision hs not been made bereinbefora sad will ptomptlT deliver tha af&eEd tteeeipb - <br />therefor m the said mortgagee. - <br />r. Fie 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 (or the collection of any or all of <br />the indebtedness hereby secured, or for ioreclosure by mortgagee a sale, or court prorxedinge, or is any otber <br />litigation or proceeding affecting said premirass. Attorneys' lees reasonably incurred in any other way sluII 6e <br />paid by the mortgagor. <br />d. For better eecurity of the indebtedness hereby secured, upon the request of the mortgagee, its wc- <br />ceasora or assigns, he shall execute and deliver a enpplemental mortgage or mortgage6 covering any additioua, <br />improvements, or betterments made to the property hereinabove described :nd all property acquired by <br />i[ after the date hereof (all in corm xatis(actnry 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 ioatromen4 <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 this inatntment, subject to the same <br />terms and cooditione. <br />r. The rights created by this conveyance shall rrtmain in full force and effect during any postponement <br />or extension of the time of payment of the indebtedness ryidenmJ by sail promisson• note or any pan thereof <br />secured hereby. <br />J. He will continuously maintain hazard insu ranee, a( such type nr types anJ in ouch amounts as the <br />mortgagee may (rmn time to time require on the improvements now or hereafter nn said property, and <br />will pay prompily when due any premiums therefor. All imarance shall be carried in companies acceptable <br />eo mortgagee and the policies and renewa4 thereof shall be held by mortgagee and have attached tltenm <br />tar pagabte clatrem in favor of and in form acceptable to the mortgzgee. In event of tor, mortgagor will give <br />emmediate notice in writing to mortgagee, and mortgagee may make proof of Ittr ii not made ptompily by <br />mortgagor, and each imurance company roncernad is hereby authorize) and directed to make payment for suds <br />lass direetlp w mortgagee ittatead o! w mortgagor and mortgagee jointly, and the inatuaae proceeds, or any <br />pzri thereof, maq be applied 6y mortgagee at its aption «iher to Ot« reduction of the indebtedner hereby <br />assured or to the resmralion or repair of the property damrged or destroyed. la event of [orec[snre of this <br />mortgage, or other trenafer of title to said property in extinguishment of the indsbtrdaer assured hereby, all <br />rigb4 title, end interest of the mortgagor in and to any ituurance poliein then is furee eba11 par to the <br />purcbaser or ntortgngee or, at the option of the mortgagor, ntay be surrendered for a refund. <br />g. He will kelp all buildings and other improvem«ms on said prapeny in good repair and condition; <br />will permit, commit, or suffer no waste, impairment, deterioration of said propene or any part thereof; <br />in the event of failure of the mortgagor to keep the buildings an said premises and those erected na said <br />premises, ur improvements thereaa, in goof repair, the mortgagee may make aurh repairs as in its discretion it <br />may deem necessary for the proper preservation thereof: and the full amount of each and every such paymant <br />shall be immediately due and payable and shall rte secured by the lien of this mortgage. <br />h. He will not voluntarily create or permit ut 6r croateJ against the property subjavot to this mortgage <br />any lien or liens inferior or au parlor to Ore lien of this mortgage without the written ronernl of the mort• <br />gages; and further, he wilt keep and muiutain the, same frro from the claim ui all Itorxtns supplying labor ur <br />malrrials far a<mstruction o[ any and all huOdirrss or impnrrmrnts now being rrerlyd or to Fte erects) on <br />said premises. <br />i. lie will nut rent or arign any part of the rent of said mortgaged property ar demolish, ur remove, <br />or sulwtantially altar arty building without the. written roneent o(the mortgagee. <br />I. Ait awards of damages in eomtertioa with any sondornuatian tar pubhr use, of ur injury to any of the <br />property su6jest to frets mortgage are harebv aaaig tt«d and shall Its paid to martgag«s, wha they apply efts <br />aartte to parmant of the itratallmante last dos under aaiJ note., anti rnoregags« is h«rcby authorised, in the <br />Hams of the ntongagor, to rxrcute and deliver valid acquittances Ihoreof and to uppral Prom any sash award. <br />k. The mortgagee shall have the right to impoct rho mortgaged promisor at any ressatable um«~ <br />2 Default in say of rho covenants or conditions of this instrument or of thn note or loan agrceneent necurrd <br />hereby. atoll tsrminute the mortgagur'x right to possession. ore. and enjoyment of the property, at the option of the <br />mortgagee. or his assigns lit being agreed that the mortgagor shall have aurh right until Default). Upvn any such <br />tkft-nFt, the mortgzgee shall become the owner of all of the rents and profits accruing after defauh as sccurih~ <br />f~ ltte indebtedness secured hereby. with the right to enter upon said property far the purpose ni collecting snc}r <br />testa and profib. 'Phis instrument eha1T operate r an arigtrment of any rentals on said property to that exten6 <br />