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<br />g~--c~r(~~s3
<br />L -The metrtgegor m-eaa®ta sail e8es,s folloara:
<br />a. Ha will P~PtIY PaY the indekredoer evidenced by acid promissory note at the ti~a and is the
<br />tmaaarar therein pro-idod
<br />b. He will pay ail t~ aresem~ts, water rates, and other go-ertttneatai or manieipal cbat6e4 Sava, ar
<br />impaeitions, for which provimon hoe not been made hereinbefon, and wiII promptly deftest the of6efal tecerpta
<br />therefor to the said mortgagee.
<br />c. He will pay each expenses and Eeee ae 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 ar all of
<br />the indebtedness hereby secured, or for foreclosure 6y mortgagee's Bale, ar court proceedings, or in avy other
<br />litigation or proceeding affecting said premises. Attorneys' fees reaeanably 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 ens
<br />ceaeon or assigns, he shall execute and deliver a supplemental mortgage or mortgagee covering any additions,
<br />improvements, or betterments made to the property hereinaiwve described =.nd ail property acquired by
<br />it alter the date hereof (all in form satisfactory to mortgagee). Furthermore, should mongagnr fail W cure
<br />any 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, lmt mortgagee is not obligated to do ao;
<br />and such advances shall become part of the indebtedness secured by th%s instrument, subject to the same
<br />terms and conditions.
<br />e. T9te rights created by this conveyance shall remain in frill force and effect during any postponement
<br />or extenaian of the time aE payment of the indebtedness evidenced by said promissory note ar any part thereof
<br />secured herehv.
<br />~. He wilt continuously maintain hazard insurance, of sash type or types and in such amounts as the
<br />mortgagee may from time ro time require on the improvements now or hereafter on said property, and
<br />will pay promptly when tine any premiums therefor. All insurance shall be carried in companies aexptabk
<br />to mortgagee and the policies and renewals thereof shall be held by mortgagee and have attached thereto
<br />loos payable clauses in favor of and is Corm acceptable to the mortgagee. In event o[ toes, mortgagor will give
<br />immediate notice in writing to mortgagee, and mortgagce may make proof of for if not made promptly by
<br />mortgagor, and each insurance company concerned ie hereby authorized and dimted to make payment for anch
<br />for directly to mortgagee instead of to mortgagor and mortgagee jointly, and the inenrance proceeds, or any
<br />parE iheeeo#, may ix applied by mortgagee at its optfaa either to the reductiaa a# the indcbiednras hereby
<br />Muted or to the reacoration ar repair of the property damaged or =lestroged. In event of farct;loanre of this
<br />mortgage, or other transfer of title to said property in ezi%nguishment of the indebtedness assured hereby, all
<br />right, title, and intcrtai of the moetgagaa in and to any insurance policies then in force ehnll pass to the
<br />purchaser or mortgagee ar, at the option of the mortgagee, rnav he surrendered for a refund.
<br />g. He will keep all buildings and other improvements on said property in good repair and condition;
<br />will permiq commit, or suffer no waste, impairment, deterioration of said property or any part thereof;
<br />in the event of failure of the mortgagor to keep the 6uildinga on said premises and those erected on said
<br />premises, of improvements thereon, in good repair, the mortgagee may make such repo%ra as %n %ts diecret%on %t
<br />may deem necessary for the proper preservation thereof; and the full anwuut o[ each snd every such payment
<br />shall be immediately due and payable and shall he secured M• the 1%en of this mortgage.
<br />h. Ifs will not voluntarily create or permit to be created against the property subject to thin mortgage
<br />any lien or liens inferior or superior Hr ilea lien of this mortgage without the written consent of the mort•
<br />gages; sail further, he wiPl keep and rnaiuta%n the name free from the da%m of all persons supplying labor or
<br />meter%eie (or construction of any and all buildings or improvrmrnta now Laing erected or to be erected on
<br />said premises.
<br />i. He will not rent or assign any part of the rent of said mortgaged property or demo)%ela or remove,
<br />or aubatantially alter any building w%thout the written consent of the mortgagee.
<br />j. All awards of damages %n connection with any condemnation for public use, of or injury to any of the
<br />prupxrty attbjxt to ibis mortgage are hereby assigned and shall be paid to nwrtgagcc, wltu ntay apply the
<br />.same to payment of the installments last due under said note, and mortgagee is hereby authorised, in the
<br />name ai the mongagor, to execute and del%ver valid acquittances thereof and to appeal from any each sward.
<br />k, The mortgagee shall have the right to inspect the mortgaged pramieea at any reasonable time.
<br />2, Default in any o! the covenants or conditions of th%s instrutent or of the note or loan agreement secured
<br />heseby,ahall term;Date the mortgagor a riglri to possession, use, and enjoyment of the property, at the option n! the
<br />mortgagee ar his aasigtta (it lk%ng agreed that the mortgagor shall have such right until default). l?pon any such
<br />default, the mortgagee shall become the owner of all of the rents and profile scenting after default na security
<br />for-Ihe indebtedness secured hereby, with the right to enter upon said property for the purpose o! collecting such
<br />rents and profile- This instrument shalt operate. as an asaignmen( of: any rentals on said propeny to that extent.
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