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<br />1. The mortgagor covenmu and agree ae foDava:
<br />a. He will promptly pay rite indebtedner evidenced by acid prom(sory note at the times and in the
<br />manner therein provided
<br />b. He wiU pay all ta:ea, aasewmeats, water ntea, and other governmental or mmicipal ehargea, !roan. ar
<br />impaaitioru, foe` which prwiaion has not been made bereinbe(ote, and will prnmptlY deliver the oE6cia1 teeeipb `
<br />therefor m the said mortgagee.
<br />c. He will pay such expenses and teen na may be incurred in the protection and maintenance of said
<br />property, inched(ng 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 sale, or court proceed"mge, oe in my other
<br />litigation or proceeding affecting said prcmieee. Attorntya' fees reasonably incurred in any other way shall be
<br />paid by the mortgagor. -
<br />d. For better security of the indebtedvese hereby eceurcd, upon the request of the mortgagee, its sup ~,
<br />ceesore nr awiµns, he shall exmute and deliver a supplemental mortgage or mortgagee coveting any addfHona, ~I
<br />improvements, or betterments made to the property hercinabove described :.nil all property acquired by
<br />it after the date hereof (all in form eatietactory to mortgagee). Furthermore, should mortgagor (ail to cure ~~
<br />any de(mdt in the paymtnt o[ a prior or inferior encumbrance nn the property described by this instrument, ',
<br />mortgagor hereby agrees to permit mortgagee, to cure such default, but mortgagee is not obligated to do ao: '.
<br />and such advances shall become part of the indebU•dneas arenred 6v this instrument, subject to the same
<br />terms and rnnditions.
<br />r. The rights created by this ronveyanre shall remain in hill force and effect during any postponement
<br />or extension of the lime of payment ai the indebtedness evidenced by said promissory note or any part thereof
<br />secured hereby.
<br />J. He will rontiuuoualy maintain hazard insurance, of such type nr types and in such amounts ae the
<br />mortgagee ores from time to lime require on the improvements now or hereafter nn said property, and
<br />will pay promptly when due any premietrrrs therefor. All imnnnce shill be carried is compaeeia acoeptabk
<br />to mortgagee and the policies and renewals thereof shall bt Geld by mortgagee and have attached thereto
<br />loss payable clauses in favor of sad is form acceptable to lire mortgagee. In event of lose, mortgagor will give
<br />immediate notice in writing to mortgagee, anti mortgagee may make proof of law if not made promptly by
<br />mortgagor, sad each inuurance company concerned is hereby authorised and direMed to make payment ter such
<br />ltew directly to mortgagee instead of to mortgagor and mortgagee jointly, and the imuranee proeeeda, or any
<br />part tbaexaf, may be applft:d fry motlgattet at iU nptiav either to the reduetio4 of the mdebtet(new herelay
<br />atxured or to the testontion or repair o! the property damaged ar ddtreyed. iv event of faeeclmara of tbia
<br />mortgage, or other transfer of title to said property in crtinguishmtnt of the, ivdebtedttesstletured hereby, all
<br />right. title, and interact of the mortgagor ip and to any insurance policim then in force ehafl pass to the
<br />pnrrhasrr nr mortgaµre ur, at thr optian of the mortgaµre, may tee surrendered tar a refund.
<br />g. }lr will keep .ell buildings and other imttruvrntenls nn said property in µaaei repair and condition:
<br />will permit, enmmi4 ur euHer no waste, impairmrnl, deterioration at said property ar any part themof:
<br />in the event .,f failure of the morgagor to keep the boil+linns on said premiers and those erected en wid
<br />premises, or improvemnntn dtrrtun, in goad repair, the mnrtµaµre mar make such repairs w in its diserotion it
<br />may dorm nrve.aary for the proper pmeervution thrrrof:.uui the foil amount of rash roil every such psymtnt
<br />shall be immnliatel}' tine vod payable and xhall (w areurrd 6v the lien of thin murtgaµr
<br />N. lie will nut voluntarily create or permit to hr rrratrd against the pngtrrtp ,ubjrrt to thin uuxlgagt
<br />an Y' lira ar liens inferior or superior ut the lien of this ntortµaµr without the wriprn consent of the nutr4
<br />µaµer; and furtbrr, hr will keep and nwivtuiv the same free from the claim of all prrsms wpplvivg labor ur
<br />materials Gtr rnnstryertiun of an+ sad all buildings or impnwru+rnts now hrmµ erected ur to Ix. rr~ted un
<br />said llttrnltlra,
<br />L Hr will ntu rent nr assiµn our part n( the rent of said nutrtµsµrd pnrprrly or +lemolieh, or remove.
<br />or aubetuntially altar any huildinµ without the writput runernl of Ihr mnrtµaµrr.
<br />j. ,111 awartfs of damsgre in rnnntrtian with atrY randrmnatinn frM Inel>hc use of or +njurv ++, ;toy of the
<br />property subject to this mnetteagt err hereby axuµetrd au<l xihall !m paid to mwtµagrr, whu :nap apple the
<br />srrM to pavmertt of tltr. iruetalbutnu last dun undtr next Hots, noel mnrtµaµrr is htrtby authnrisrd, in the
<br />assets of the rnurtgaµor, to rxm•u1r and drliv«r valid aequittanrrv thereof and to appeal from snv sash award.
<br />k. The mortgagor shall have the riµhl to inspect tits awrtµaµrvl prrmis,w st :utc rrrwnrhlr pate
<br />2. Dt(ault in any n( the rorrnaNa ar ertlldltirlritl O( S111a instrument nr of the oats or Ivan sµrrrntent ..r~`ured
<br />hereby shall terminate the murtgsgur's right to pusnraeion, use, anti rujoymenl u( the 1+m pert y, st the aptimt of the
<br />martgagor or his asetµns tit beinµ aµrred that Ihr arortgagrtr shall hove such right until drfnulti. !!port arts sash
<br />default, the mortgagee shall fa•eumr the owner of all of the rcnt» anti prv,lits acrnrinp aher defauh us arrurily
<br />iw the fndebtrvl+rtss aarumd hereby, with the right to enter upset said pml,rety for Ihr purpose of rollrelinµ sash
<br />earth and profits. This inuromntt abaft operate as an awfgnment at any rentals on said property to that extent.
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