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<br />r
<br />so--~~n~s5a
<br />~.. Tba mortgagor eoeaant. aad agree... fana«.:
<br />a 8e wiD promptly pay the indebtedness evidenced by said protnirory note at the times sad is the
<br />maoaar eberein provided
<br />6. ffe will pay all tortes, aassemenU, water urea, and other govetnateatal or mtmieipal charge, bas, or
<br />imptteitiom, far which ptrovisiaa has eat famtm made heninbefore, and will promptly deliver the aii!icial re~vSpts
<br />therefor to the said mortgagee.
<br />c. He will pay »uch expenses and fees as may be incurred in the protection aad maintenance of said
<br />property, including the fees of any attorney employed by the mortgagee for the collection of any or all of
<br />the indebtedness hereby secured, or for foreclosure by mortgagee"e sale, or court proceedings, 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. For better security of the indebtedness hereby secured, upon the request of the mortgagee, ire quo-
<br />censors or aeaiGne, he eha}l execute and delivers supplemental mortgage or mortgagee covering any additions,
<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, snoufd mortgagor toff to cure
<br />any default in the payment of a prior or inferior encumbrance on ?he property described by this instrument,
<br />mortgagor hemby agrees to permit mortgagee to cure such default, but mortgagee ie not obligated to do so;
<br />and such advances shall become, part of the indebtedness secured 6y this instrument, subject to the same
<br />terms and conditions.
<br />e. Theaighte created by this conveyance shall remain in full force and effect during any postponement
<br />or euenaion of the time of payment of the indebtedness evidenced by said promissory note or any part thereof
<br />secured hereby.
<br />/. He will continuously maintaut hazard insurance, of each type or types and in such amounts ae the
<br />mortgagee mac from time to time require on the. improvements now or hereafter on said property, and
<br />will pay promptly when due any premiums therefor. All insurance shall be carried in compaaiea acceptable
<br />m mortgagee and the policis and renewals thereof shall be held by mortgagee and have attached thereto
<br />loss payable clattaes is favor of and'ia form acceptable to the mortgagee. In event of loos, mortgagor will give
<br />immediate ttotice iw writing to mortgagee, and mortgagee map matte proof of loss if not made promptly by
<br />mortgagoq and each insurance company concerned is hereby authorised and directed to makc payment for sorb
<br />face directly to mortgagee instead of to mortgagor and mortgagee jointly, and the insurance proceeds, or any
<br />part tfterrof, may be applied by mortgagee at its option either to tlxe rct'uction of the indebtednss hereby
<br />spa.-ed ar to tbn reata:-ation or repair ai the property damaged or destroyed. fa svcr~t of fare~efoanrn of this
<br />mortgage, or other transfer of title to said property in extinguishment of the indebtedness scoured hereby, all
<br />right, tide, and iaeerst of ills mortgagor in and to anyrnsurance policies rhea in force shaft pass m the
<br />purchaser or mortgagee or, at the option of the mortgagee, may be surrendered for a retund.
<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 env part thereof;
<br />in the event of failure of the mortgagor to keep the buildings on said premises and those erected on said
<br />premieea, or improvements thereon, in good repair, the mortgagee may make such repairs ae in itn discretion it
<br />may deem necessary for the proper preservation thereof; and the full amount of each and every such payment
<br />shall be immediately due and payable and shalt be secured by the lien of thin mortgage.
<br />h. He will not voluntarily create or permit to be crratrd against the property subject to this mortgege
<br />any lien or liens inferior or superior to the lien of this mortgage without the written consent of the mort-
<br />gagee; and furtheq he will keep and maintain the same tree from the claim o[ all persons supplying labor or
<br />materials for eonsMcetion of any and all bvildingn or improvements now bring erected or to br erected on
<br />said premieea.
<br />i. Hr. will not rent or assign any part of the rent uC said mortgaged property or demolish, or remove,
<br />or substantially alter any building without the written consent of the mortgagee.
<br />i. Ail awards of damages in connection with any condemnation for public use of or injury to ony of the
<br />propertr subject to this mortgage are hereby assigned and shall be paid [a mortgagee, who may apply the
<br />acme to payment of the installments 7aet due under said note, and mortgagee is hereby authoeisad, in the
<br />name of the mortgagor, to execute and deliver valid acquittances thereof and to appeal from any ouch award.
<br />k. The mortgagee shall have the right to irepect the mortgaged premises at any reasonable time.
<br />2. Default in aqy of the covenants or conditions of this instrnmenl or of the note or loan agreement seeureJ
<br />hereby shall terminate the mortgagor a right to poaseaeion, nee, and enjoyment of the properly, at the option of the
<br />mortgagee oc his assigns {it being agreed that the mortgagor shall have such right until default). Upon any such
<br />default, the mortgagee shalt become the owner of ail of rho rents and profits accruing after defau[t ae security
<br />Por the indebtedness secured hereby, with the right to enter upon said property for the purpose of collecting auclt
<br />tcuta and pro5ta. This instrumen! shall opersle as an assigntn€nt of any rentals on said property to that extent.
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