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<br />I' The mortgagor eorea>mts'e6d zm foltowa: ` , , ° - ,
<br />a. He will pramP~7 PaT the iadcbtednar evitkar~sd by said promissory note at the times and in the
<br />iaanner aheteitt provided
<br />li. Sn w71 pay all rasa. aasesotmb, water rates, and otter governmental or mtmiripal ehat~es, fines, or
<br />bapesiti~a, for whieln pmriaiaa bas nm bem made herainbefore, end avi21 promptly deliver the a~cial reeeiptt
<br />therefor to the acid mortgagee.
<br />c. He will pay such a:peoae+t and fees as may be inrarted in the protection and maintenance of said
<br />property, including the fees of any auorrtey employed by the mortgagee for the collection of any or all of
<br />the indebtedness hereby secured, or for foreclosure by mortgage's sale, or court proceedings, or is any outer
<br />litigation or proceeding affecting said premises. Attorneys' fees reasonably incurred in any other way shall be
<br />paid by the mortgagor.
<br />d For hotter security o[ the indebtedness hereby secured, upon the request of the mortgagee, its cue-
<br />eesa.^.ra or awi~ a, he -l+all e•••-•~ee z:~ •lativpr a supplemental mortgage or mortgages covering atey addiLOt+~
<br />improvements, or betterments- made to the property hereinaboye described : nd all property acquired by
<br />it after the date hereof fall in form satisfactory to mortgagee}. Furthermore, should mortgagor fail to cure
<br />anv defauh fn tht payment of a prior or inferior encumbrance on the properly described by this instrument,
<br />mortgagor hereby agrees to permit mortgagee to cure such default, but mortgagee is not obligated to do so;
<br />and such advances shall become part n£ the indebtedness xcured by this instrument, subject to the same
<br />[arms and conditions.
<br />e. The rights created by this conveyance shall remain in fall Force and effect during any postponement
<br />or exec:talon of the time of payment of the indebtedness evidenced by said promissory note or any part thereof
<br />secured hereby.
<br />f. He will continuously maintain hazard insurance, of such type or types and in such amounts ae the
<br />mortgagee may from time to time require on the improvements now or hereafter on said property, and
<br />will pay promptly when due say premiums therefor. All iasntaace shall be earned is compaaiee aceptabk
<br />so mortgagee and the policies and renewal thereof shall be held by mortgage sad have attached thereto
<br />lose payable elattsea is Eavar of and in form a~ptable to the mortgage. In event of loss, mortgagor will give
<br />imaaediate natise itt writing io mortgagee, end mortgagee may malts pros` of It>sa if tint made ptmrspsly by
<br />mortgagor, and each inenrane eompaay conseraed i s herby authorized tad directed to make payment for gush
<br />loss directly to mortgagee instead of to mortgagor and mortgagee jointly, and the insurance proeeds, or any
<br />part thereof, map he applied by mortgagee at its option either to the reduction of the indebtedness hereby
<br />eocur~ cr s$ she rassoraiioa or repair of she property damaged. er dessroycd. In evens of fareelu~ta of sk_
<br />mottttaae, or outer tramfar of title to said property in eztiaeuishment of the indebtedness secured hereby, all
<br />right, title, sad interest of the mortgagor in and to any insurance policies then is loin shall pass to rite
<br />purchaser or mortgagee or, at the option of the mortgagee, may he surrendered for a refund.
<br />g. He will keep all 6vildings and other improvements a- said property in good repair sad condition;
<br />will permit, commit, or culler 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 said premises and those erected on said
<br />premises, or improvements thereon, in good repair, the mortgagee may make such repairs as in its discretion it
<br />may deem necessary for the proper preeervation thereof: and the full amount of each and every such payment
<br />shall be immediately due and payable cad shall be secured b, the lien of this mortgage.
<br />6. He will not vohmtarily create or pernait to be created against the property subject to this mortgage
<br />any lien or liens inferior or sul,erior to the lien of this mortgage without the written consent of the more-
<br />gagee; and further, tae will keep and maintain the same free from the claim of all persona supplying labor or
<br />materials for construction ni any and all buildings or improvements now bring erected or to be erected on
<br />said premises.
<br />i. He will not rent ar assign any part of the rent of said mortgaged property ar demolish. or remove.
<br />or substantially alter any building without the written consent of the mortgagee.
<br />j. All awards of damages in cotmection with any condemnation far pu6lir use of or injury to any of the
<br />pmperty aubjeei to [leis mortgage ate hereby assigned.and shall be paid to mortgagee, who may apply the
<br />aatue to payment of the instsllmentac fast due wader said natc, and mortgagor is hereby sutlaorisad, is rite
<br />name of She mortgagor, to execute and deliver valid acquittances thereof and to appeal from any such award.
<br />k. The mortgagee shall have the right to inspect the mortgaged premises at any reasonable time.
<br />2, dlefnuhsn any of the covenants or conditions of thin +nstrumrnt or of the note or loan agreement secured
<br />heetlsg,ahaA lermiaatc the ntorigagor's right to posxeasion, use, and enjoyment of the property, a[ the option of the
<br />eaortgsgee or his araigns iii being agreed That the mortgagor shat( have such right until detauitl. 1'pon any such
<br />default, !be mortgagee shall beeurnr, the owner of ail of the renu and profits scenting eftrr default as secoritr
<br />fey' the indebtedness secured hereby. whit rho right to enter upon said pn+prrt v [or the purpase of collecting aurf+
<br />nines and ptarbts. This instrument shall oacrata as aq assigwrne-nt of say rvttab on said prulxny to that extent.
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