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<br />]l.. Tho mortgagor eovrutnb and agrees as fo0owe:
<br />a He will P~PV7 Pay the indebtedner evidenced by said ptromirory note at the tfmn ate ;o the
<br />manure therein provided
<br />b. He will pay all u:es, atressments, water rates, and other governmesul er mnmcipd charges, Elms, as
<br />5mpttsitione, for which providon has trot been made heteinbefore, and will promptly deliver the oE,ieial reosipb
<br />therefor to rho aid mortgagee.
<br />c. He will pay such expeneea and fees as may be incurred in the protection and maintenance of said
<br />property, iaciudinq 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 6y mortgagee a sal& or coon proceedings, or is any other
<br />litigation or proceeding aflectfng seid premises. Attorneys' few reasonably incurred in say other way shall be
<br />paid by the mortgagor.
<br />d. Far hitter security of the indebtedness hereby secured, open the request of the mortgagee, its sue-
<br />cessors or assigns, he shall execute and delivers supplemental mortgage or mortgagee covering any additions,
<br />improvements, or betterments made to the property hercinabove described :nd all properly acquired by
<br />it alter the date hereof fall in farm aatiafactorv to mortgagees, Fnrlhermore, should mortgagor fail to cure
<br />nny default in the payment of a prior or inferior encumbrance on the property described by this inatrumen4
<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 4his 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 Iwatponement
<br />or extension of the time of payment of the indebtedness evidenced by said promissory note or any pan thereof
<br />secured hereby.
<br />). He will continuously mauuain hazard insurance, of such type or types and in such amounts as the
<br />mortgagee may (root time to time require on ihr improvements now or hereafter on said properly, and
<br />will pay promptly when due any premiums therefor. All insuraax sball be carried in companies acceptable
<br />to mortgagee sad the policies and renewals thereof shall be held 6y mortgagee sad have attached thereto
<br />Ions payable clauses is favor o[ sad in Corm at+ccptahle to the mortgagee. In event of loss. mortgagor will give
<br />immediate notice in writing to mortgagee, sad mortgagee may make proof of loss if sot made pr'OmPU7 67
<br />mortgagor, sad each imurance company concerned ie hereby authorized sad directed to nuke payment for each
<br />less directly to mortgagee instead of to mortgagor and martgagee jointly, and the imurance praoeeds, or any
<br />part thereof, may be applied by mortgagce ai its option either !a the rcductioa of the iadebtcda+a;e hereby
<br />secured or to the rratontion or rcprir of the property damrged or destroyed. la erect of fateclowrc of thin
<br />sortgage, ar other tratafer of title to said properly in extinguishmem of the indebtedner secured hereby, ail'.
<br />right, titles end iatercai of the mortgagor in and to say iasuraoce poiiciu then in force shall par to the
<br />purchaser or mortgagee or, at the option of the mortgagee, may he surrendered for a refund.
<br />g. He wilt keep all buildings and other improvemeota nn said property in good repair sad condition;
<br />will permit, commis, or suffer no waste, impairment, deteriorstion of said properly or any part thereof:
<br />in the event of failure of the mortgagar to keep the buildings an said premises and thaee crested oa said
<br />premises. or improvements thereon, in good repair, the mortgagee may make ouch repairo as in its discrctios it
<br />may deem necessary for the proper preeervrtion thereof; and the full amotmt of each and every such payment
<br />shat) be immedisulp due sad payable and shall he securer! by the lien of thin mattgage.
<br />h. Fie wit) not volun:,rily rrcatr ar permit In frs rrcated against the property aabject to this mortgage
<br />any lien or liens inferior ar superior to the Get of this mortgage without the written rousant of the mnn-
<br />gagec: and further, hr will keep and mnntain the same free from the claim of all persona supplying labor or
<br />tnateriala fur eonatntclion of env and ail Inuldu+ga or improvements new l,rittg erected or to I,e erected un
<br />said premises.
<br />i. He will nu{ rent or arign am part of the rem of seid mortgagees property or demolish, or remove,
<br />or subelantiallq alter any building wi•hout the written ronarnt of the marlgagee.
<br />i. All awards of damages in ettnt~tisa with any candemnatian far public use of ar injury ea any of the
<br />property subject to this mortgage ere hereby assignees and shall hn paid to mortgagee, who may apply the
<br />soma to payment of the inataUments fast due under said note, and mortgagee is hereby autborfand, is the
<br />name of the mortgagor, to cxecnte and deliver valid acquittances thereof and to appeal from any such award,
<br />k. The marlgagce ahrH have the right to inspect the maregagerd prcmisd at any reasonable timo.
<br />2. Default in any of the covenants or conditions of this inntrnmrnl or of the note ur loan agreentrnt secured
<br />hereby shall terminate the mortgagor's right to possession, use, and rnjayment of the properly, at the option of the
<br />naertgttgee or hie arigns tit being agreed that the mortgagor shall Have eueh right until defaults. Upon any such
<br />tbtfaufe, [he mortgagee shall become the owner of all of fire rents and profile accruing after default as security
<br />fa• the indebtedness secured hereby, with the right ta:eater upon said property tar the purpose o[ collecting such
<br />rthatA asst profits. This instrument shall operate as an aseigotnaaY of say rentals on acid property to that extent.
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