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<br />L The mortgagor covenaab and agraw u follows:
<br />of He will promptly pay the indebtedner evidenced by acid protsuasory note at the times and fo the
<br />taarraer therein provided
<br />b. He will pay all farces, aaaeaamenta, water ores, and other goverommtal or manieipal clur6ey floes, oe
<br />impositions, for which provision hrs not been made heminbefore, and will promptly de6rer the o~icfal reeapb
<br />therefor to the said mortgagee.
<br />c. He 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 for the collection of any or all of
<br />the indebtedness hereby secured, or for foreclosure by mortgagee's eels, or court proceedings, or in arty other
<br />litigation or proceeding affecting said premises. Attorneys' fees reasonably incurred in any other way ehdl be
<br />paid by the mortgagor.
<br />d. For better security of the indebtedness hereby scented, upon the request of the mortgagee, its auc-
<br />ceeeors or assigns, he shall execute and deliver a supplemental mortgage or mortgagee covering any additions,
<br />improvements, or betterments made to the property herrinabove described :.red all property acquired by
<br />it after the date hereof tall in form satisfactory 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 imtrumen4
<br />mortgagor hereby agrees to permit mortgagee to cure such default, bat mortgagee is not obligated to do so;
<br />and such advances shall become part of the indebtedness secured 6v this instrument, subject to the acme
<br />terms and conditions.
<br />v. The rights created by this convcyanre shall remain in full force and effect during any postponement
<br />or extension u( the time of payment n( the indebtedness rvidenred by said prmniasory note or any part tbereoF
<br />secured hereby.
<br />J. He will continumreh maintain haaard insu r:mce, of sorb t}'per or hpes and in ouch amounts ae the
<br />mortgagee mac from time to time require on the improvements now or hereafter on said property, and
<br />will pay promptly when due any premiums therefor. All inaannro shall be carried in rnmparrfea acoepuble
<br />to mortgagee and the policies and renewde thereof shall be held 6y mortgagee and Gave attached thereto
<br />loos payable dausee in tarot of end in form acceptable to the mortgagee. in event of loos, mortgagor wil! give
<br />immediate notice in writing to mortgagee, and mortgagee may make proof of loss if cwt made promptly by
<br />mortgagor, and each insurance company concerned is hereby authorised and directed to make payment for atreh
<br />low directly to mortgages instead of to mortgagor and mortgagee jointly, and the ioarraace prweeda, ar say
<br />part therm!, may bs applied by mortgagee at ire option either to the reduetiaa of the iadebte*daw hereby
<br />secured or to the ratonfion or repair of the property damaged or destroyed. la event of fomlaaare of tFtia
<br />mortgage, or other transfer of title to said properly in euiaguiehmtnt of the indebttdarw secured hereby, all
<br />right, title, andinter'eai of the mortgagor is and w any insurance policies then in force shalt par w the
<br />purrhaaer nr mortgagrr or, at the option of the mortgagee, may be surrendered for a refund.
<br />g. He will keep all buildings and otleer improvements on said property in good repair and condition;
<br />will permit, commit, or suffer no waste, impairment, deterioration of said property or any part thereof;
<br />in the event of failure of the mortgagor to keep the buildings on sail prrmie~s and those erected on said
<br />premises, ar improvements thereon, in good rcpaiq the mortgagor may make such repairs ae in its discretion it
<br />map deem urcrssary for the proper preservation thereof; sod the full amount of rack and terry such payment
<br />eltull br irnmrdiulelr due and payable and shall ire sw•urrd by the lien of this nwrtgage.
<br />h. flr will not voluutrrily create or Iwrmit to be treated against the property subject to this mortgage
<br />ant' lien or liens inferior nr sulrerior to the lien of this mortgage without the written consent of the mort-
<br />gagrr: and further, hr will keep and maintain rho same free from the claim of a0 prraonn supplying !slate or
<br />matrriah for construction nl' auy and all buildings or impnwrnrenis now bring erected or t,. he rrsrtrd on
<br />said premises.
<br />i. Hr will nut rent ur assign any part of the rent of said mortgaged property or demolielr, or remove,
<br />ar aubetaatially alter anY hnilding without the written consent of the mortgagrr.
<br />j. All sweetie of damages in e<zm:~etiaa with ant eondemnatien far puhli±• s~ a[ fzr in,jurt fez auy +zf the
<br />property subject to this mortgage err hereby assigned and shall 6e paid to ttrurtgagee, who easy apply the
<br />acme to payment of the iustallmetna last due under said cote, and mortgagrr is 6rrrby authorised, in the
<br />tWa1C Of {he Omrigagar, k> execute and deliver valid acquittances rfrereof and to appeal from any snch sward.
<br />k. The mortgagee nhull have the right to inapeot the mortgaged premises at any reasonable lima.
<br />2. [k(ault in env of the covrnanta or conditions of this instrument or of the note or loan agreement serurnl
<br />hereby shall terminate the nwrtgagur's right to posseeaion, use, and rnjnyment of the properh•, at the option of the
<br />mortgagee nr hie assigns fit being agreed that the mortgagor shall have xurh right until drfauh). Upon soy sorb
<br />deGult, the mortgagee shall bernme the owner of all of the trots and profits aeeroing after default an security
<br />foe the indebtedness secured hereby, with the right to enter upmr said property for the purpose of collecting such
<br />teats sad profiU. This instrument shell operate ss an assignment of any rentals on said property to chat ezient.
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