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<br />~0~ ii~'4~629
<br />i. xhe martpgrar wvmanta and agree r cane":
<br />a. He win P~PHy Pal the indebtedner evidenced by said pzomioory sate at the rim's and is fire
<br />taemear therein provided
<br />8. He will Pal all farces, aspmmtt, water rates, and other governmental ar mwtieipal charges, fioea, or
<br />imnasitiena, for which pmvidoa-has ~t been made hereinhefore, and win promptly delivsr the official receipts
<br />therefor to the said mortgagee.
<br />c. He will pay each expenses and fees as may be incurred in the protection and maintenance of said
<br />property, including the Ices of any attorney employed by the mortgagee far the collection of any or an of
<br />the indebtedness hereby secured, or for fomlosure by mortgagee's sale, or court proceedings, of in any other
<br />litigation or proceeding aHeeting said premises. Attorneys' fees reasonably inearred in any other way shall be
<br />paid by the mortgagor.
<br />d. For hatter security of the indebtedness hereby secured, upon the request of the mortgages, its sue-
<br />cessars or assigns, he shall execute and deliver a supplemental mortgage or mortgagee covering env additiet~,
<br />improvements, or betterments made to the property hereinabove described :nd all property acquired by
<br />it after the date hereof (all in form satisfactory to mortgagee). Furthermore, shouid mortgagor fail to 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, bat mortgagee is not obiigated to do so;
<br />and such advances shall become part of the indebtedness secured by this instrument, subject to the same
<br />terms and conditions.
<br />e. The rights created by this conveyance shall remain in full force and ei(ect during any postponement
<br />or extension of the time of payment of the indebtedness evidenced by said promissory note or any part thereof
<br />secured hereby.
<br />/. He will continuousk maintain hazard insurance, of such type or types and in such amounts as the
<br />mortgagee rosy from time to time require on the improvements now or hereafter on said property, and
<br />will pay promptly when due any premiuau therefor. All iaanrattce shall be carried in companies acceptable
<br />to mortgagee and the policies and renewals thereof shall be held by mortgagee and have attached thereto
<br />loss payable clauses in favor of sad in forth acceptable to the mortgagee. In event of loos, mortgagor will give
<br />itnmcdiate notice in writing to mortgagee. sad mortgagee rosy make proo# of loss if not made P~PVY bl
<br />mortgagor, and each insurance company concerned is hereby authorised and dimted to make payment for each
<br />Iola directly to mortgsgee instead of to mortgagor and mortgagee jointly, and the iaaetrence praceeda, or env
<br />part tltareof, stay be applied by martgagac at its option either to the nedncxion of the indebtedness hereby
<br />secured ar Lo the rrataratian ar repair of the property den:egad ur eldtirayed. In event of #areclaaare of ibis
<br />mortgage, or other transfer of title to tus:d oroperty in extinguishment of the indebtednex xveured Itcr-„bp, all
<br />right, title, and interest of the mortgagor is and to any instrrnnce policies then in Cotroe shad! pane to the
<br />purchaser or mortgagee or, at the option of the mortgagee. rosy be surrendered for a refund.
<br />g. He will keep alt buildings and other improvements on said property in good repair and mnditian;
<br />wit[ permit, commit, or suffer nu waste, impairment, deterioration of said property or say 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 mar make such repairs as in its discretion it
<br />may deem necessary for the proper preaen~ation thereof: and the full amount of each and every such payment
<br />shall be immediately due and payable and shall be secarrd by the lien of this mortgage.
<br />h. He will not voluntarily create or permit to be created against the property aubjrct to this mortgage
<br />any lien or iicns inferior or superior to the lien of this mortgage without the written consen! of the mor4
<br />gages; and further, he will keep and maintain the name free from the claim of all persons supplying labor or
<br />materials foe construction of any and all buildings or improvements now bring erected or to be. erected nn
<br />said premises.
<br />i. He will not rent or assign any part of the rent of said rnurtgaged properly or demalieh, or remove,
<br />or substantially alter any building without the written consent of the mortgagee.
<br />j. All awards of damages in connection with any condemnation for public use ai ur injury to auy of the
<br />property subject to aria mortgage are hereby useigoed and shall fie paid to mortgagee, who may apply the
<br />same to payment of the instaiimenta last due under said note, and nwrlgagee is hereby authorised, in the
<br />name of the mortgagor, to execute. and deUver valid acquittances thereof and to appeal from any each award.
<br />k. The mortgagee shall have the right to inspect the mortgaged premises at any reneonable time.
<br />2. Default in any of the covenants or conditions of this instrument or of the note or loan agreement secured
<br />harebyehall terminate the mortgagor's right to possesslun, use, anJ enjoyment of the property, at the option of the
<br />mortgagee or his assigns (it being agreed that the mortgagor shall have such right until default). Upon auy such
<br />default, the mortgagee shall become the owner of all of the rents and profits accruing after default as security
<br />fat the indebiedneee secured hereby, with the right to enter upon said property for the purpose u{ collecting such
<br />rents and profits. This instrument shall operato ae an aaaignntent of ,toy rentaie on said property to that extant.
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