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80-~r 5591
<br />>. 'I~saaotrtgat~oreareaaebatad tt~saaa a. fe0e..:
<br />a. He will promptly pay the indebtedtter evidtmeed by asid promissory ante at the-times and is the
<br />atwae: therein provided
<br />b. 13e will pay all tans, assesameats, taster ores-sad other goveromeatal or-mttaicipal cbarppa, fttsm, or
<br />impotdtiau,• dar whir3t proviai~ has net been made hereiabefore, and will prempily de$ver the ofSeiai ICOE6pta.
<br />therefor to the acid mortgagee.
<br />c. He will pay anch expenses and feee 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 amy or all of
<br />the indebtedness hereby secured, or for fareclosnre by mortgagee's sale, or court proonedings or in any other
<br />lit#gatiaa or proceet#ing affecting said premises. Attomeya' fees reasonab#y incurred in any other way shall be
<br />paid by the mortgagor.
<br />d. For better security of the indebtedness hereby secured, upon the request of the mortgagee, its wc-
<br />ceseora or assigns, he shall execute and deliver a supplemental mortgage or mortgages covering any additions,
<br />improvements, or betterments made to the property hereinabove described .-nd all property acquired by
<br />it after the date hereof fall in form satisfactory to mortgagee). Furthermore, should mortgagor fail to core
<br />any defanit in the pa•-ment of a prior or inferior encumbrance on the property described by this instrument.
<br />marigagor hereby ogress to perneit mortgagee to cure such default,. Taut mortgagee is not obligated to~do nn;
<br />and such advances shall became, part of the indebtedness sccared by this instrument, subject to the same
<br />terrrrs and conditions.
<br />e. The rights created by Phis conveyuoce shall rcm:ein in full farce and effect during any postponement
<br />or extension of the time of payment of the indebtedness ea•idenec•d try said promissory note or any part thereof
<br />secured hereby.
<br />f. He will continuously maintain hazard insurance. of such type or h•pes and in such amounts as the
<br />mortgagee mae~ from time to time require on the improvements saw nr hereafter nn said property. and
<br />.vill pay promptly when doe aav premiums therefor. All ittetxrana shall be carried in companies atteptahle
<br />to mortgagee and the policies sad renewele thereof shall be held by mortgagee and have attached thereto
<br />lose payable dauaee in favor of and iv form acttptable to the mortgagee. To event of loss mortgagor will give
<br />itamediate notice in writing to mortgagee, and mortgagee may make proof of loss iE not made promptly by
<br />mortgagor, sad each insurance company concerned #e hereby :uthoriaed and directed to make payment [or anch
<br />toes directly to nmrtgagtx instead of to mortgagor sad mortgagee jointly, and the insurance protteds or say
<br />part thereo(, map be applied by morigagx at its option either to the reduction of the indebtedarxs hereby
<br />secured or to the reatoratioa or repair o#' the property damaged or destroyed. la event of foreclowre of th#e
<br />martgage, nr nthe.F traSRafei v~ iillr to sa,d prapertv in eatiaguislrmenx of the: iadebtedaeaa secured hereby, all
<br />right, title, sad interest of the mortgagor is and to any #aacursaee polieim then iv Carta shall pass to the
<br />purchaser nr mortgagee csr, at :he option of the mortgagee, Wray be surrendered for a refund,
<br />,q• Ile will keep alt buildings and other imfxrnvementa <rra said property in good repair and condition:
<br />w#ll permi4 commit, ur suffer nu waste, impairment, deterioration of said propsriy or any l:art thereof;
<br />in the event of failure of the mortgagor to keep the buildings on said premises and those erected on said
<br />prrmiaes, or improvements thereon, in good repair, the mortgagee may make such repairs as in its discretion it
<br />may deem necessary for the proper preservation thereof; avd the lull amount of each and every such payment
<br />steal) Tte immediately due :card payable and shall be .reared by the lien of this mortgage.
<br />6. He will not +oluntarily create or Ixnnit Ixt be created against the property subject iu this nturtgage
<br />any lien or liens inferior car sul~rior to the, lien of this mortgage without the writlrn runsrni of the mort-
<br />gagee: aml furiheq he will keep and maintain the same free from the claim of cal) prrstrns supplying labor or
<br />materials for twnatructian of any and all buildings or improvements saw being erected car to tee erected nn
<br />said prcmiscb.
<br />i. He wiH not rent or assign cane par! of the. rent of said mortgaged property or devtuhskr, car remove,
<br />or substantially alter any building without the written emtseni of rho martgager.
<br />j. All awards of damages in comrectian wish any condemnation for public use of or injury to any of the
<br />property subject to this mortgage are hereby auigned and shall }>w paid to mortgagee, who may apply the
<br />same [a payment of tier iaetallments last dun tm;der said ante, and mortgagee. is hereby authuriaed, in the
<br />name s>f Iha rturtgagnr, to axca:uts and deliver valid acquittancns thnrenf avr# to appra# frnna arty sash award.
<br />k. The mortgagee shall have the right to inspect the mortgaged premises at anf rceannabie rime
<br />2. Default in avq of the covenavta or conditions of Chia instrument or of the note or loan agreement secured
<br />hpasby shall terminate. the mortgagor's right w possession, use, avd enjoyment of the property, „t the ,ry,tioxt of the
<br />tttortgagee nr his aaaigrra (it being agreed that the mortgagor stall hate such right until .#rfauit t. T:lwn any anch
<br />default, the mortgagee shall become the owner of all of the rents and profits accruing after default as ws•urity
<br />for the indebtedness secured hereby, with the right to eater upon said property fur the purpose of rollrcting each
<br />rang sad profits. This instrument shall operate assn ansigumevt of any sentale nn said property to that extent.
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