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<br />~U- v (i ' t '~ ~
<br />1. The atottpgar eovmaap ttnd agtes r follows:
<br />a. He will P~PV7 M7 the iadcbledner evidenced by said promfrory note at the tuns nail in the
<br />tower therein provided
<br />6. He will pry all ta:se. asseaammp, water ntea, soil other goveeameatal or memicipal charges, fines, ac
<br />lmpsitioos, fof which proviaim hm not been made heteinbetoee, and will promptly defiver the o~eial tesiipp
<br />theee[or to the said mortgage.
<br />c. He will pay each expeaeee 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 for the collection o[ any or all of
<br />the indebtedness hereby secured, or for foreeloeure by mortgagee's sale, or court proceedings, or io any other
<br />litiguion or proceeding affecting said premieea. Attorneys' fees reasonably incurred in any other way shill be
<br />paid by the mortgagor.
<br />d. For better security of the indebtedness hereby secured, upon the request of the mortgagee, ip sue
<br />season or rsigae, he eball execute and deliver a supplemental mortgage or mortgage covering any additions,
<br />improvements, or betterments made to the property hereinabove described :red all property acquired by
<br />it after the date hereof fall in form satisfactory to mortgagee). Furthermore, should mortgagor fail to cure
<br />any default in the payment of ^ prior or interior encumbrance on the property described by this itutrumen4
<br />mortgagor hereby agrees to permit mortgagee to cure such default, btrt mortgagee is not obligated to do w;
<br />and such advances shall become part of the indebtedness srntred by this instrument, subject to the same
<br />terms end conditions.
<br />e. The rights created by this conveyance shall remain in full Torre and effect during trey postponement
<br />or extension of the time of payment other indebtedness evidenced by said promissory note or any pan thereof
<br />secured hereby.
<br />J. Hr will continunuxh maintain hazard insurance, of such type or hpes and in such amounts ae the
<br />mortgagee may imm time Lr time require on the improvemrnte now or hereafter nn said property, and
<br />will pay promptly when due any premiums therefor. All isnraae sh.tl be carried is +atmpaais avmptabk
<br />to mortgagee and the policies nail renewals tberoof shill be held by mortgagee and bave attached thereto
<br />kir payable clause is favor of and is form acceptable to the mortgagee. Ia treat of fasa, mortgagor will give
<br />immediate notice io writing to mortgagee, end mortgage may make proof of for if not made P~PU7 b7
<br />mortgagor, and each imutanee empaoy rnaened is hereby authorised sad directed to make payment for atsc6
<br />for dimly to mortgagee instead of to mortgagor sad mortgage jaiutlp, sad tht iosuraoe praceeda, or any
<br />part tbeneof, may 6e applied by mortgagee at ip option Either to the redueli~ of the indehtedass betty
<br />secured or to the rstoratioa or repair of the property damaged or dstroyed. la event of foreelosoro of thin
<br />mortgrge, or other tratufer of title to rid properly in extiaguishmeat of the indebtedner secured hereby, all
<br />right, title, and ioterst of the mortgagor io sad to nay insurance policir rhea is force shall par m the
<br />purchaerr or mortgagee or, at the option of the mortgagor, may Ise surrendered for a refund.
<br />g. He will 4eep all buildings and other improeements on said property in good repair and wodigon;
<br />will permit commit, or w~tr no waste, impairment, detrrioratimt of rid proprrtc or am• part thereof:
<br />in the event of failure of the mortgagor to keep the buildings on said premixr and those erPCtt+l on rid
<br />premises, or irnprovemente thereon, in good repair, Ure mortgagee mar make wch rcpairx as in its discretion it
<br />may Berm necessary for the proper prcxrv anon thereof: and the full amount of rarh and ryerv each paymeut
<br />rhsll 6r immrdiateH due and payable and shall he errurni b. the lien of this mart gage.
<br />h. Hr will not rolumardr create or permit to br rreatrd against the propPHv subject u. thir mortgage
<br />env lien or liens inferior or sulwrior ur Ihr lien of thi. morl[sgr without the written convent ni the mort•
<br />asgee; and foaher, he wtll ktrp and maintain Ihr same free from the claim of all prrwm.upplymg Tabor nr
<br />materials for +•anq rorliun of um and all kroildingr or impro+entrnts now bring erected or Io he Pferted on
<br />.aid pretni.es.
<br />+. Hr will not rent or awgn env part of the rem of xaiJ mortgaged prol+rrty or demolish or remove,
<br />or ruhstaatisllr alter env hwlding without the written enarrnt of the mortgagee.
<br />j. A1! awards of damages in ronnrrtion with any condemnation for pubhr use of er a+jurv ut any of the
<br />pmperiv wbja+rt is thrr r+.rtgaae err I+srcbv arigned .red rhall be paid to mortgages, who ewy apply the
<br />.ems to psvment n! the inN-lfesentr last dtr under rid note, and mongrger is hereby authorised, is the
<br />name of the mortgagor, [n rxrrute and deliver valid aequittanrrr thereof and tv rpped from env such award.
<br />k. The mortgagee shall have. the right to iropect the mortgaged premises at any reasonable time
<br />2. Ilbfauh in any of the rovrnsnu or ronditiom of this instrument or of the tmtr or loan agreement seeurr+I
<br />herohy aluU lerivtirrate the mortgagor i right to puuwssiun, use, and enjoyment of the property, at the option of the
<br />snartgaget or Mix arigns lit bring agreed that the mortgagor xhall Maur xuch right until dPfaulU. l!p+m any wrh
<br />tkfsult, the mortgagee shall heroine the owner of all of the rents and prolita acrrumg after defaolt as xrrurity
<br />fK tM indtbtrdrter reared berrby, with the right to crepe upon said property for :he purport of collecting sorb
<br />ettrpts and profile. This instrument shall operap r as arignment at any renta6 on said property to that extent.
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