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<br />8Q~ iJ~~ ~~9~
<br />L Tba ttsttrtgagiar eer®aata and agrtser. r follows:
<br />a. ~e t'~ P~P~9 Pal the iadebtedtxaa evidenced by aid protnirory nose at the tittae sad in fha
<br />matures therein provided
<br />b. He trill pay all rasa. area~mta, water rates, and other governmental ~ municipal ehar~ fines, or
<br />impeeitiom, fo>` whieb ptnvibon has aM been trade bereinbe[ore, and will pzamptly deliver the ofPtbal receipt
<br />therefor to the said mortgagee.
<br />c. He will pay such expenses and fees ae may be incurred in the protection and maintenance of said
<br />property, iacludiag the fees of any attorney employed by the mortgagee for the collection of say or all of
<br />the indebtednem hereby secured, or for foreclosure by mortgagce's sale, or court proceedings, or is any othez
<br />Gtigatioa 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, its eae-
<br />eeesora 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 :nd alI property acquired by
<br />it after the date hereof (all in form satisfactory to mortgagee.). Furtlrermore, should mortgagor fail to cure
<br />'any defatilt in the payment of a prior or interior encumbrance on the property described by this inatnament,
<br />mortgagor hereby agrees to permit mortgagee to cure such default, but mortgagee is not obligated to do ao;
<br />and such advances shall become part of the "tndebtednese secured by this 'tnstrnment, subject to the same
<br />terms and eondztiona.
<br />e. The rights oreated by this conveyance shall remain in lull force and effect during any postponement
<br />or extension of the tithe of payment of the indebtedness evidenced by said promissory note nr any pan thereof
<br />secured hereby.
<br />j. He will continuously maintain hazard insurance, of such type or h'pes and in each amounts as the
<br />mortgagee may from time to time require on the improvements now or hereafter on said properly, and
<br />Hill pay promptly when due any premiurne therefor. All inearantx shall be carried is companies atxxptable
<br />to mortgagee and the policies and renewals thereof shall be held by mortgage and have attached thereto
<br />lone payable elattsee is favor of and in torn acceptable to the mortgagee. In event of lose, mortgagor will give
<br />immediate notice in writing to mortgagee, and mortgagee map make proof of !tees if Irot made promptly by
<br />mortgagor, and each insurance company concerned i a hereby authorized and directed to make gaymeat for such
<br />lass tlireetly W mortgagee imiead of to mortgagor sad mortgages jointly, sad the inenraace proceeds, or say
<br />pant thereof, may be applied bq mortgagee at ire option sitter to the reduction of the indebtedness hereby
<br />secured or to the tvatoration or ropair of the property damaged ar destroyed. la event of Eoreclatare of this
<br />mortgage, or other transfer of title to said property sa extiagttiahment of the indebtedness sccared hereby, ell
<br />right, title, and- intereak of the mortgagor is and to any insurance policies then is force shaA pace to the
<br />pueehaae>r or mortgagee or, ai the option of the mnrtgagee. may br aurrend• red for a refund.
<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 tortgagor to keep the buildings on said premises and !hose erected on said
<br />premises, or improvements thereon, in good repair, the mortgagee may make such repairs as in its discretion it
<br />may deem necessary (or the proper preservation thereof: and the full amount of each and every such payment
<br />shall be immediately due and payable and shall be secured by the lien of this mortgage.
<br />h. He will nut. voluntarily create or permit to be created against the property subject to this mortgage
<br />any lieu or liana inferior or superior [o the lien of this mortgage without the written consent of the mort-
<br />gage; and further, he will keep and maintain the same {rer, fntm the claim of all pererons supplying labor or
<br />materials for construction of any and all buildings or improvemments now being erected or to he erected on
<br />said premisee,
<br />i. He will not rent or assign any part of the rent of said tt[urtgaged property or demolish, or remove,
<br />or substantially alter any building without the written consent of the nmrtgagee.
<br />j. A]l awards of damages in aonaection with any condemnation for public use of or injury to any of the
<br />property subject !o this mortgage are hereby assigned and shall be paid to mortgagee, who may apply the
<br />same to payment of the installments last duo under said noto, and mortgagee is hereby authorised, is rho
<br />name of the mortgagor, to execute and deliver valid acquittancr~s tkteteof and to appeal from any such award.
<br />k. The mortgagee shall have the right to inspect the mortgaged premises at any reasonable time.
<br />2 Defau{t in any o! the covenants or conditions of this instrument or of the note er loan agreement secured
<br />hereby shall terminate the mortgagor a right to possession, use, and enjoyment of the property, at the uptimt of the
<br />mortgagee or his assigns (it being agreed that the mortgagor shall have such right until de(salt). Upon any ouch
<br />tkfault, the mortgagee shall become the owner of all of the rents and profits accruing after default ae security
<br />fur rho indebtedness secured hereby, with the right to enter upon said property for the purpose of collecting such
<br />eaats,gnd prof~W.. Tbia instrument shall operate as as assignment of any rentals on said properly to that extent.
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