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<br />8~--=(1~563b
<br />1. T~ mortgagor ebenmr, ma.~. a. fallatn:
<br />a. He will P~PHy Pay rho indebtednew evidenced b) said pzomiuory sou at the timm and in the
<br />manner thmein provided
<br />6. He will pay all taxe+, aaaeamtmte, water nice, and other govetameatal or municipal cLargea, finny or
<br />impoaitiotu, for wLieh providm Loa not barn made hereinbetoce, and will promptly deliver the o~rral reedpL
<br />therefor to the acid mortgagee.
<br />c. He will pay each expenses and fees as may be incurred in the protection and maiaunance of said
<br />property, including the fees of env attorney employed by the mortgagee for the collection of any or all of
<br />the indebtedness hereby secured, or far foretloeure by mortgagee's sale, or court pzoceedinge, or in any other
<br />litigation or proceeding affecting said premises. Attorneys' fees reasonably incurred in any other way shall be
<br />paid by the mortgagor.
<br />d. Fot Letter security of the indebtedness hereby secured, upon the request of the mortgagee, its aut-
<br />eeseore or assigns, he shall execute and deliver a supplemental mortgage or mortgagee covering any additions,
<br />improvements, or betterments made to the property hereinabove described rnd all property acquired by
<br />itrafter the dau hereof fall in fotmreatiafactory to mortgagee). Furthermore, should mortgagor [ail to cure
<br />any default in the payment of a prior or inferior encumbrance on the property described by this instrnmen4
<br />mortgagoe hereby agrees to permit mortgagee to cure such default, but mortgagee is not obligated 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 (once and effect 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 />J. He will continuously maintain hazard insurance, of ouch type or apes and in such amounts as 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 my premiums therefor. All inenrmce shall be carried in companies acceptable
<br />to mortgagee and the policies and renewals thereof shall be held by mortgagee and have atuched thereto
<br />loos payable clauses in favor of and in form acceptable to the mortgagee. In event of lose, mortgagor will give
<br />itnmediau notice in writing to mortgagee, and mortgagee may make proof of loss if not made promptly by
<br />mortgagor, and each insunaee compmy vonurned is hereby aatharised sad directed to make payment for ench
<br />toes direttly to mortgagee instead of to mortgagor and mortgagce jointly, and the iasttrmce proceeds, or any
<br />part thereof, may ba applied by mortgagee at its op#aa tither to the reduction of the indebudaees hereby
<br />eeeurtel or to the restoration or repair rt the pmaerty damaged or deetrnyrd. In event of foreclosure of this
<br />mortgage, or other transfer of title to said property in extinguishment ref th>. indebtedness secured hereby, all
<br />right, title, and irttoteat of the mortgagor is sad W any inauranto paiicle~ then is farce ehail pass to the
<br />purchaser or mortgagee or, at iht option of the mortgagee, msv be surrendered for a rtiand.
<br />g. He will keep all buildings and other improvements on said property in good repair and condition;
<br />will permit, 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 buildings on said premises and those erected on said
<br />premises, or improvements thereon, in good repair, the mortgagee may make ouch repairs ae in its discretion it
<br />may Seem necessary for the proper preservation thereof; and the full amount of each and every each payment
<br />shall be rmmediately due and payable and shall he secured by the lien of this mortgage.
<br />h. He will not voluntarily create or permit to be orated against the property subject to this mortgage
<br />any lien or liens inferior, or sulrerior to the lien of this mortgage without the written consent of the mort-
<br />gagee; and further, he will keep and maintain the same free from the claim o[ all persons supplying labor or
<br />materials fur construction of any and all buildings or improvements now Laing erected or to he erected on
<br />said premises.
<br />i. He will not rent or assign any part o[ the rent of said mortgaged property or demolish, or remove,
<br />or substantially after any building without the written consent of the mortgagee.
<br />j. All awards of damages in connection with any condemnation for public. use of or injury to any of the
<br />- -property aubjtxt to this mortgage are hereby aeeigned and shaft be paid to mortgagee, who may apply tho
<br />same- to payment of the inatallmenta last due under. said hate, and mortgagee is hereby authoriaod, is the
<br />name of the 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 premiaea ut any reasonable time.
<br />2, f)efault in any of the covenanU or conditiarre of xhis instrument or of the note or loan agreement secured
<br />herohy chat! terminate the mortgagor's.right to possession, use, and enjoyment of the property, at the option of the
<br />mortgagee or his assigns (it being agreed that the mortgagor ehail have such right until default). Upon any`auch
<br />default, the mortgagee shall become the owteer of all of the rents and profits accruing after default ae security
<br />for the indebtedness secured hereby, with the right to enter upon said properh for thn purpose of collecting ouch
<br />tamte and profile. This instrument shall operate as as asefgttment of airy rentals on said property to that extent.
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