|
8t3-- UC~4976
<br />L The roangagar ooveaatats sad ages as failawa:
<br />a lie will P~Pay PaY the iadebtednesa evidenced by said promissory note at the Limes utd in the
<br />~ therein provided
<br />6. Se will pay al! tatces, ares®tenta, water nteas and other govexnmeaul or mnaieipal charge, fiess, or
<br />ittaperitiom, for which provision hu sot beta made hexinbefore, and will promptly deliver the o~cial re0eipti
<br />therefoa to the said mortgagee.
<br />c. He will pay such expenses and fees as may be iueurred in the paotection and maintenance of said
<br />property, including the free of any attorney employed by the mortgagee for the collection of any or all of
<br />the indebtedness hereby secured, or far foreelosnre by mortgagee a sale, or court proceedings, ar in any other
<br />litigation or proceeding affecting said premises. Attorneys' fees reasonably incurred in any ether way shall be
<br />paid by the mortgagor.
<br />d. Fur better security of the indebtedness hereby secured, upon the request of the mortgagee, its ego-
<br />cessorn or assigns, he shall execute and deliver a supplemental mortgage or mortgagee covering any additions,
<br />improvements, or bettermenea made to the property hereinabove described :nd all property actfttired by
<br />it after the date hereof tail in form satisfactory to mortgagee!. Furthermore, should mortgagor fail to cure
<br />say default in the payment of a prior or inferior encumbrance on the property described by ibis instrttnteat,
<br />mortgagor hemby agrera to permit mortgagee to rare such default. tun mortgagee is not obligated to do so;
<br />and such advanrea shall become part of the indehtednex secured by this instrument, subject to the same
<br />terms and conditions.
<br />e. The rights created by this c~anveyaner al~ail mmain in ir.tl ferr±• and eff^~r! :luring any pastpanemeaL
<br />or ext+enaion of the time of payment of the indebtedness evidenced by said pramia~«arv note or any part thereof
<br />secured hereby.
<br />j. He will rontimrouelc maintain haaard insurance, of Bach type ar rapes and in such amounts as the
<br />mortgagee may from time to time require on the i• pravementa now ar hereafter on said property, and
<br />trio! pay promptly when doe say premiums therefor _]! insnrantx shall be carried in companies aceepttibk
<br />to mortgagee and the policies and renewals tbettof shall be Geld by mortgagee and have attached tbeaeta
<br />tar payabk clataes in favor of sad in form sett ptabk to the mortgagee. Ia event of tor, mortgagor will give
<br />immediate notice in writing xo mortgagee, and mortgagee may make proof of !or if not made promptly by
<br />mortgagtr, and web insurance eompaay concerned is hereby authorired and drrected to [Hake payment for each
<br />tar directly to mortgages instead cf to mortgagor and mortgagee jointly, and the inanranee proceeds, or any
<br />part thereof, racy be applied by mortgagee d its option cachet to the rcductioa of the indebtedner hereby
<br />secured or to the nstoratioa or repair of :be property damaged or destroyed. In event of Eoreclowre of Lbts
<br />taortgage, or other trwfer of title to said property in extinguishment of the iadebtedtuss secured hereby, all
<br />right, title, sad interest of the mortgagor in and to say insurance policies then in force shall par to rho
<br />purchaser or mortgagee or, at the apt~on of the mortgagee, may be surrendered for a refund.
<br />g. tae wall keep al! buildings. and other improvements an said property io goad repair and condition;
<br />will permit. commit. or suffer na waste. impairment, deterioration of said property ,rr any part tberecf;
<br />in the even[ of failure of the mortgagor to keep the buildings on said pnmieea and those erected on said
<br />premises, or improvements thereon, in good repair, the mortgaaer may make such repairs as in its discretion it
<br />may deem necessan far the proper preservation thereof ,and the full amount of each and every such payment
<br />Mall C-e i,---:~?iatefv due and payable and she!! be s,rurrd by the lien r# this mortgage.
<br />ir. He will not voluntarily create or permit to be orated agates[ the property subject to this mortgage
<br />any lien or liens interior or superior to the lire of this murtgatte without the written consent of the mart-
<br />Rager; and Curtner, he will keep and naintain the same free from the claim of all persons supplying labor or
<br />materials for rnnatruetian of any and ail buildings or improvrnrrnia now being rrerted or to be erected on
<br />said pteraisee.
<br />-. He wit[ eat rent oz assign env part of the rent of said mortgaged property ar demolish, or remove,
<br />or substantially alter env building mithout the written consent ..f the tnartgager
<br />j. All awards of dsmagra in eotrrreetion wish any condemnaxion far public vac of ar injury to any of the
<br />property subject [o this mortgage ere hereby assigned and shall be paid to martgager, who may apply the
<br />same to payment of tlxe inatafbneats last due under card ante, sad mortgagee is hereby authorized, is the
<br />name of the mortgagor, to execute and deliver valid acQUit=ances thereo# and to appeal From any such award.
<br />k. The mortgagee shall have ibe right to irtspeet the mortgaged premtees at env reaaorrable times
<br />2. Defsult is say of the cavenanta or cantliiarra of this instrument or of the txxtr r.: !aan agn~-mrni xecurcd
<br />hereby shall terminate the mortgagor s right to pusaessian, oar, and enjoyment of the property, at the option of [hc
<br />rnostgagee or his assigns fit being agreed that the mortgagor aha!I base such rig#rt until de#aultl. Upon any each
<br />default, the mortgagee shall become rite orvucr of alt of the rents and profits accruing after default as securiir
<br />f~ the iadebtrdrxss secured hereby, wire: the right to enter upon said property for the purpose of collecting aueh
<br />re+ats sad profits. This itutrttmeat shall operate ae as assignment of any rentals on acid properly to that extent.
<br />,N r*
<br />a a
<br />
|