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80-~U'4i~'F~:.
<br />L T~ mortgagor eavmmh and sgreea as follows:
<br />a He will P~P~7 W7 the indebtednsa evidenced by said promirory note at the aims and in the
<br />manner theroin provided
<br />6. He will pap all tars, armaments, water rates, and other goverameagl or mmiapal ehargq 6mea, oe
<br />impoaitiona, for which provision hu not been made 6eroinbefare, and wilt promptly delfvec the o~eial receipts
<br />therefor to the said mortgagee.
<br />r. He will pay such expenses and fees ae may be incurred in the protection and maintenance of said
<br />property, including the face of any attorney employed by the mortgagee for the collection of any or alt of
<br />the indebtedness hereby xeured, or for foreclosure by mortgagee's sale, or rnurt proceedings, or is any other
<br />litigation or proceeding aRecting said premises. Attorneys fees reasonably incurred in any other way shall be
<br />paid by the mortgagor.
<br />d. Fnr better security of the indebtedness hereby secured, upon the request of the mortgagee, its sue
<br />ceaearo or assigns, he shall execute and deliver a supplemental mortgage or mortgages covering any addition4
<br />improvements, or betterment: made to the property hereinabove dexribed :ml all property acquired by
<br />it after the date hereof tall in form satisfactory to mortgagee). Furthermore, should mortgagor tail to cure
<br />any default in the payment of a prior or inferior encumbrance on the property dexribed by this instrument,
<br />mortgagor hereby agrees to permit mortgagee to cure such default, but mortgagee is not obligated to do eo;
<br />and such advanrea shall harems part of the indebtedness xcured by this instnrment subject to the same
<br />terms and conditions.
<br />e. The rights created by this com~rvance :hall remain in Pali four and etTect during any postponement
<br />or extension of the time of payment ni the indebtedness evidenced by said promissory note or any part thrreoi
<br />secured hereby.
<br />/. Ht will rontimraaely maintain hazer+l insurance, of surh type or types and in such amounts ae the
<br />mortgagee mac (mm time to time require nn the improvements now or hereafter nn said property, and
<br />will pay promptly when due any premiums therefor. Alt irunranee eh^II be carried in pampanis aoeeptsble
<br />m mortgagee and the policies and reirewats thereof shall be held by mortgagee sad here attached sbeueta
<br />tar payable clams is favor of and in form aeeeptabk to the mortgagee. In event of lass, mortgagor will give
<br />immediate notice in writing to mortgagee, and mortgagee may make proof of tar it not made promptly by
<br />mortgagor, and sash insnnnae company enncertted is hereby authorised and directed to make papmmt Paz sorb
<br />fame diseatly to mortgagee iaread of to mortgagor and mortgagee jointly. and iha izranratree praeeed~ or urp
<br />part thereof, may be applied by mortgagee at ate optioo either to the redumioo of the indebtedner bmeby
<br />reared or to the rdtoratian ar repair of th« preperty damaged, or dutroyed. In evtttt of Ioreeloanre of [hL
<br />mortgage, pr other transfer of title to said property in extinguishment of the mdebtedner secured beraby, all
<br />right. title sad tersest of the mortgagor in and to any iwurance pellets tbm in Pores shall par to the
<br />purchaser or mortgagee aq at the option of the mortgagee, may !w aurrendrred for a refund.
<br />g. fie will keep all buildings and other ingrrorrments on said pruprrty in good repair and condition;
<br />will permit, commit or auHer nu waste, impairment deterioration of said peolwnv or any part thereof;
<br />in the error of faihrrr of the mortgagor to keep the buildings on said premises end abase rrrrterl nn said
<br />prtmiars, ur iruprovtmrnte rfrereon, in gopd repair, the mortgagee may make such repairo ae in ire discretion it
<br />may deem nereseary (or the pnryrer preservation lhereoL• and the full amount of rack and every surh pavmtml
<br />shall be immediately due +nd payable and shell fx secureai by ehr lien of this mortgage.
<br />h. f{e will nn1 +ulunlarily create or permit to h« created against ehr property arbject to this mar .gage
<br />any lien or liens interior or suiwriur to ehr lien of this nurrtgagr without ehr written ronarnt of ehr mort•
<br />gngrr; .and further, hr will keep and maintain ehr. same frr« Porto tlrt claim of all praa!na supphing leh+rr or
<br />matrriale for ronatntrlian at any and all huildinl;x or impmvenwnta now twurg errrtrd nr t,e iw rrretol on
<br />said premises.
<br />i. Hr will nut r«nt nr assign sac part of thn r«nt of said nuvtgaged pngrrrty nr demolish, oe remove,
<br />ar aulretantially niter auy huildtug without the written ruuarut of the nurrtgagr«.
<br />j, All swords of damega. in caanertiurr with any rundamnsdun for puhlir asr of nr urjurv t., any of the
<br />pnaperty subject to this arortgage are hereby arignrd and shall h« paid to nrortgagn«, who rna. spply the
<br />same to payment ut the irratallmenta teat due under said unto, and mnnKagrr is hereby authorizer(, in the
<br />name nt Iht nmrtgagnr, to Cxrfiute and deliver valid aequittancrs thereof and to appeal frnm any such award.
<br />&. 7'Ire mortgagee shat! have the right to inspect the mortgegnl premisev at any reasonable time
<br />2. Default in any of ehr onvrnants or canditiomi of this instrument or of ehr nor nr loan agrrenrrnt secured
<br />hereby shall terminate ehr, mortgagor's right to passtasion, us«, and enjoyment of ehr property, at ehr nptian of the
<br />mortgagee ur his aseigrs Ii.1 being agreed that the mortgagor..+hall hour suvh right omit drfaultl. Upon nor surh
<br />default, the mortgagee shall 6eeome the owner of all of thn rents and profits arrnring a(ttr default as srrurity
<br />for alas indebtedness aerured Irereby, with ehr right to enter span acid pruprrty fur the purpose of collecting surh
<br />ttmh and profits. This instrument shall operate as an aesignmeat of any rentals on said property tp that extent.
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