$~- u`v~~S lb
<br />>! x>~,.artg.gareoa~a.aa.~ma.taa~w.:
<br />a. He will P~PU7 Pal the indebtedner evideatxd by acid promirory note at the time and is the
<br />matmer thrtnin peovided
<br />b. He will prq aU uses, amermmu, water ntr, and other goveenmmul or mltaieipal charges, 6nsq of
<br />impaaitiolr, for which praviaim has not bttm made heniabefore, and will promptly deliver the oieid taoeipaa
<br />therefor to the said mortgagee.
<br />c. He will pay such expenses and fees ae 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 of any or all of
<br />the indebtedness hereby second, or for forecloeoro by mortgagee a sale, or court proceedings, or in any other
<br />litigation or proceeding affecting said promixa. Attoneys' fees reasonably incurred in any other wst hdl be
<br />paid by the mortgagor.
<br />d. For better security of the indebtedness hereby secured, upon the request of the morrygee, its sun
<br />ceesorn or assigns. he shall execute and deliver a supplemental mortgage or mortgages covering any additions,
<br />improvements, or betterments made to the property hereinabove dexribed :nd all property acquired by
<br />it after the date hereof (all in form satisfactory to mortgagee). Furthermore, should mortgagor Gil to cure
<br />any default in the payment of a prior or inferior encumbrance on the property described by thin instrument.
<br />mortgagor hereby agrees to permit mortgagee to cure such default, but mortgagee is not obligated to do so;
<br />and aueh advances shell become part of the indebtedness serured by tbis instrument, subject to the same
<br />terms and conditions.
<br />v. The righu created by this rnnveyance shall remain in full force and effect during any portpoaetnent
<br />or extension of the time of payment of the indebtedness eridenrrd by sail promissory note or any pen thereof
<br />secured hereby.
<br />J. Hr will continuously maintain hazard insurance, of such type or types and in such amounts as the
<br />mortgagee may from time to time require on the improvements now or hereafter on said property. and
<br />will pay promptly when due any premiuau therefor. Al! iaaunnoe shall be carried in eompanir acoeptabb
<br />to mortgagee and the polieir and renewals tbereof sball be held by mortgagee sad lure anaelred thereto
<br />kaa payable clauses in favor of and io form ^c«ptable to the mortgagee. fn event of loss, mortgagor will give
<br />immeduu aotite in writing to mortgagee, and mortgagee may make proof of loss if sot made promptly by
<br />mortgagor, and each ituuraace company concerned is hereby authorised rod directed u make payment for aaeb
<br />for dir~tly to mortgagee instead of u atortgagor and mortgagee jointly, and the toauraaa prooeeda, a soy
<br />part thereof, mar be applied by mortgagee at ip option either to the reduction of tba iadabtodneas kritsby
<br />aeonred or to the resuntion ar .epair of the property damaged or destroyed. Ia crest of forecbsnre of lhY
<br />saortg•ge, or other ltansfer at title to said propcny in extinguishment of the indebtedaams aeeurod hereby, all
<br />rust, tiila sad iaurart o! the mortgrgor is sad to any ituurusce policies than in foroe shall par u the
<br />purchraer or mortgagee or, at the option of the mortgagee, may be mrreadercd for s refund.
<br />g. Ifs will keep all buildings and other improvements on said property in goad ropair and wnditian;
<br />will permit, commiq or sager no were, impairment, detrriontian of said property or any part thereof:
<br />in the error of failure of the mortgagor to keep the buildings on said premises and chase erected tm wid
<br />prcmisrn. or improvemenn thereon, in good ropair, the mortgagee may make aueh repain+y in iu discretion it
<br />may Jrem necrasary for the proper preservation thereof; and the full amount o(rach and every such payment
<br />shall be immrdiatek• due and payable and »hall be »ecured by the lien of this mortgage.
<br />h. He will not voluntarily croate or permit to br created against the property subject to this mortgage
<br />any lien or liens inferior or au l+erior 1.+ the heir of this mortgage without the written consent of the morb
<br />gager; and further, hr will keep and maintain the same free from the claim of all persona .applying labor or
<br />mrterialn G+r runntntr tion of am and all huilJings or improvrmrnts now hrurq rrcctnl or w be crested un
<br />srid premise..
<br />i. Hr will not rent or arign aL-, part Of IhC real of soul mortgaged property nr demolish, or remove,
<br />er substantially alter any huJding without the written runsenl of the mortgagee.
<br />j. ~11 awards of damages in eonnertinn with any eandrmnalion (or publle ux nI or injury to any of the
<br />property wbjrct to this mutegsge arc hereby arigned and shall be paid w nrortgagae, who ma: apply the
<br />same to paytnertt of the inata lmeata Irst dtw under said note, and mortgagee is heroby authurtred, fa the
<br />name of the mortgagor, W rxrenle and Deliver valid arquitturer» thereof and to appeal from any aueh award.
<br />k. The mortgagee shall have the right In inspect the mortgaged promise al any reuouable time
<br />2 IMault in ray of the covrnant» or conditfons of this instrument or of the nmr or torn agrrrmml assured
<br />hereby shall terminate the nwrtgagor a right to puswseiwr, use, and enjoyment of the property, ^t the option of the
<br />mortgagee or his aMIgM lit being agreed that the mortgagor nhall have »urh right anti) defaultl. Ulnm any such
<br />da/salt, the mortgagee »hdl become the owner of all of the rents and prolitr accruing otter default u rreurih
<br />fie rho indebtedness secured 6rroby, with the right to enter upon »rid property far the purpor of collecting wch
<br />tru and proft4. This in»trumeat shall operate r se aaaigttmeat of any rcntab on aid property to that extent.
<br />
|