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<br />1. Tha maxtgt~s:eavawpp asd.gteea as follotas:
<br />a. He will promptly pay the iadebtedaer evidenced by said protairory twee at the times a~ is the
<br />~ dteeeis provided
<br />b, fie will pay all tamr ardsmcnta, carer race, and other goveratnental or manicipst charge; finea, or
<br />itapaa~iox>7 far which provision 6aa not been made bereinbefore, and will prumpety deliver the oa~Cial rsoaipta
<br />therefor w the attid mortgagee.
<br />c. He will pay auch expeaeee 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 aU of
<br />the indebtedness hereby secured, or for Foreclosure by mortgagee's sale, or court proceedings, or is say other
<br />litigation or proceeding affecting said premises. Attorneys' fees reasonably incurred in any other w:y shall be
<br />paid by the mortgagor.
<br />d. For better security of the indebtedness hereby secured, upon the request of the mortgagee, its aue•
<br />cerors or aeaigtts, he shall execute and deliver a supplemental mortgage or mortgages covering any additions,
<br />improvements, or betterments made to the property 6ereinabovr described :red all property acquired by
<br />it after the date hereof (all in form sa[iafactory to mortgagee t. Furthermore, should mortgagor fail to cure
<br />say default in the payment of a prior or inferior encumbrance on the property described by this instrument.
<br />mortgagor hereby agrees to permit mortgagee to cure such default, but mortgagee is not obligated to do eo;
<br />and sash advances shall become part of the indebtedne~ secured by this instrument, subject to the lama
<br />terms and condit?nne.
<br />e. The rights created by this conveyance shall remain in full force and effect during any postponement
<br />or eztenaion of dte time of pav-ment of the indebtedness evidenced by said pmmisson~ note or any pan therof
<br />secured hereby.
<br />j. He 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 nn said properly, and
<br />will psy prompxiy when dtu say premiums therefor. All imtvanoe shall be carried in companies aeoeptahk
<br />to mortgagee and the polieid and renewak thereof shall be held by mortgagee and have attached thereto
<br />law payable ela~es in favor of and in form aeeeptable to the mortgagee. In event of ions, mortgagor will give
<br />immediate notice in writing to mortgagee, and mortgagee may make proof of Ica. if not made promptly by
<br />mortgagor, and each iasurmce company eoaeerned i s hereby aatnotized and directed to make payment for sash
<br />lay directly to mortgagx instead of to mortgagor and mortgagee jointly, and the insurance proceeds, or my
<br />part theresf, easy 6e applied by mortgagee at iu option either to the reduction of the iadebtedner httreby
<br />secured or to the rptoration or repair of the properly damaged Tr destroyed. Ia event of fomiaaare of this
<br />mortgage, or other ttawfer o.f title to said properly in a:tingnuhment of the indebtedaer secured hereby, all
<br />right, title, and interot of the mortgagor in and to any iaattrance polieia thm fig force shall par to the
<br />purchaser or mortgagee ¢r, al the option of the mortgagee, may be surrendered for a refund.
<br />g. He will keep ail buildings and other improvements on said properly in good repair sad rnnditim:
<br />will permit, commit, nr suffer no waste, impairment, deterioration of said property or any part thereof;
<br />in the event of failure of [be mortgagor to keep the buildings on said premises and those erected on said
<br />premises. ar improvements thereon, in good repair, the mortgagee mar malty such repairs as in its diacreiian it
<br />may deem necessary for the proper preservation thereof: and the full amount of each and every such payment
<br />shall b> immediate}y due and payable and shall be secured by the lien of this m~:tgage.
<br />h. He will not voluntarily create or permit to be created against the property subject to this mortgage
<br />say fien or liens inferior or superior to tbe lien of this mortgage without the written consent of the mort-
<br />gagee: sad further, he will keep and maintain the same free from the claim of all persons supplying labor or
<br />materials for cooatruetion of say and all buildings or improvements now being erected or to be erected on
<br />said prerttieee.
<br />i. Ht will not rent or aaaiKn any part of ibe rent of said mortgaged properly or demolish, ar remove,
<br />or aabuantialiy alter any building without the written consent of the mortgagee.
<br />j. kll awards of damages in cormectioa with any condemnation for public use of or injury to any of the
<br />property eubjcet to. t6~ mortgage are hereby assigned and ehal- be paid to mortgagee, who may apply the
<br />aataa to payment of the installments last due under said note, and mortgagee is hereby authorized, in the
<br />name of the mortgagor, to execute and deliver valid acquittances thereof aztd to appeal from a.,y auch award.
<br />k. The mortgsgee shall have the right to inspect the mortgaged premises at any reasonable time.
<br />2 Ikfattk in spy of the wvenanu or conditions of this instrument or of the note nr loan agreement secured
<br />hereby aF-all tertniuate the mortgagor's right to possession, use, and enjoyment of the pr¢pertr, at the option of the
<br />ttaartgagee nr his assigns (it being agreed [hat the mortgagor shat! have auch right until default). Upon any such
<br />defwli, the mortgagee shall became the owner of ail of the rents and prvfita accruing alter default as security
<br />far flee iadebtedne,e reured hereby, with the right to enter upon said property for thr purpose a[ collecting such
<br />te~u sad pro8u. This instrument shall operate as u atsignrtasnt of any rentals on said properly to that extent.
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