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<br />t The mottgagrtr ettvmanm and agda ere #ollmaa:
<br />s. 11<e sill prompilp pay thn indelttednrr evidenced by said promirozy note at the times and in the
<br />tatamer therein provided
<br />6. He silt pay all tares, trretwsmu, safer ores, and other govetwneatal or mtrtileipal ehat~es, 6nea. err
<br />imptteitiotu, #of shish pttovitdoa Inca not bees made heteinbe[ore, and will prompily deSver flu o6rial teoaipb
<br />4here#oe io the said mortgagee. .
<br />e. He will pay such ezpenaea and tees as may be incurred in the protection and maintenance of said
<br />property, inetuding the fees of any attorney employed by the mortgagee [or the collection of any or all of
<br />the indelrtednese hereby secured, or For forecloanrc by mortgagee's sale, or wort proceedings, os in any other
<br />litigation or proceeding alfeMing said premises. Attorneys' fees reasonably incurred in any other way shall be
<br />paid by the mortgagor.
<br />d. For better security of the indebtedness hereby secured, upon the regaeat of the motgages, its sure
<br />ceeeots or assigns, he shall ezecnte and deliver a supplemental mortgage or mortgages wvering say additions,
<br />improvemettta, os betterments made to the property beroittaitove described :nd alt property acquitzd by
<br />it after the date hereof (all in form aatiafactory to mortgagee). Furthermore, should mortgagor fail to cure
<br />any defanit in the payment of a prior or inferior encumbrance on the property described by this instrumenq
<br />mortgagor hereby agrees Io permit mortgagee to cure such defaul4 but mortnagee is not obligated to der sa;
<br />and such advances shall become part of the indebtedness secured by this instrument, subject to the same
<br />9erma end conditions.
<br />e. 1'he rigbta created by thin conveyance shall remain in Eull force acd effect during any postponement
<br />or extension of the time of payment of the indebtedness evidenced by said promissory note or any pas thereof
<br />secured hereby.
<br />f. He will eoutinumtely maintain hazard insurance, of such type or types and in such amounts as the
<br />ntortKagee rosy from time to time require nn the improvements now or hereafter on said property, and
<br />-gill pay promptly whoa doe arty premiums therefor. All insurance shall be carried in wmpaniea acoepuble
<br />to mortgagee and the polities and renewals tbereoi shall lu held by mortgagee and have attached thereto
<br />for payable clattsea in favor of and in form acceptable to the mortgagee In event of loss, mortgagor will gire
<br />in.n.edi•te notice in writing to mortgagee, and mortgages map make proof of toss if not made promptly by
<br />mortgagor, and each insurance wmpaap wnesmed is hcroby authorized and directed to make payment for sash
<br />for direc2lp to mortgagee instead of to mortgagor and mortgagee jointly, and the imuranee procesda, or any
<br />part tlureof, may b,s anplied by mortgagee aRtta option either to the redvetion of the *Qdehirdnea+ hereby
<br />secured er to the reatoratiou or repair of the property damaged or destroyed. Ia event a# foreclostue of this
<br />marigadc, err other ~raaafer of title to said property in eztfnguia.hmrnt of the indebtedness esevred beroby, elf
<br />rip tt, ti~tx, and inter ~; of the mortgagor in and to ens iasttrance pafieias ih~ is for- shall pea to iha
<br />purchaser or mortgagee or, at the option of the mortnagee, may be surrendered !or a refund.
<br />g. He will keep all buildings and other improvements on said property in Rood repair and wndition;
<br />will permit. eom;mit, or suffer no wnate, impairment, deterioration of said property or any part therwf;
<br />in the event of failure of the mortgagor to keep the buildings on said premises and those erected on said
<br />premises, ar improvements thereon, in good repair, the mortgagee may make such repairs as in its dfserotiov it
<br />may deem necessary for the proper preservation thereof; and the full amount of eaelt and every such payment
<br />shall be 'immediately due and payable and shall be secured by the lien of tbia mortgage.
<br />h. He will not roluatarity create or permit to be create) against the property subject to this mortgage
<br />any lien or liens inferior or superior to the lien of this mortgage without the written consent of the mort-
<br />gages; and further, he wilt keep and maintain the same free from the claim of all persons supplying labor err
<br />materiels for constntction of any and a]! buildings or improvements now being erected or to be erected on
<br />said promises.
<br />i. He will not rent or assign any part of the rent of said mortgaged property or demolish, or remove,
<br />or substantially' alter env building without she written consent of the mortgagee.
<br />j. All awards of damages in wnnection wfth any condemnation for public oar, of or injury to any u[ the
<br />property sitbiect to this mortgageare hereby asnigaed sad shall be paid to mortgagee, who may apply the
<br />servo to paymerxt of Ihr 1nM911ments fear due under said note, and mortgagee is hereby aulhorisod, in the
<br />name of rite mortgagor, to execute and delirer valid acquittances thereof and m appeal from any such award.
<br />k. The enortgagec ahatl have the right to iaep¢et the mortgaged prcmis~ at any reasonable time
<br />2: Default in any of the coveuants or conditions of ibis instrument or of the note or loan agreement secured
<br />henlty shailterminate the mortgagors right to possresion, use, and enjoyment of tine property, at the option of the
<br />mortgagee ac his assigns lit being agreed Lhat the morgagor shall have snch right until default 1. L'~pon any such
<br />default, the mortgagor chair become the owner of all of the rests and prnE is scenting after default as security
<br />for the indebtednras eccured hereby, with the right to enter upon said property far the purpose of collecting such
<br />raR4Ls.ttRd profits. This inatruntenl shall operate as an atuignmcnt of any reattals an said property to that extent.
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