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Q~® s)C1569~
<br />i. The inot~tgagor aavenann ants m fallow.:
<br />a. He will promptly pay the indebtedtter evidenced by acid promissory Dote es the times and is the
<br />manner therein provided
<br />b. Ha will pay all taus, saseaamenta, water rates, and other governmental or mnnieipal ehattgsq finea, or
<br />impositioaa, fof which provision Las not bem made hereitthefore, end will promptly deliver the oaiotl reeeipb
<br />QLete[or to the said mortgagee.
<br />c. He will pay such expenses and fees as may be incurred in the protect[on and maintenance of said
<br />property, including the fees of any attorney employed by the mortgagee tar the collection of any or all of
<br />the indebtedness hereby secured, or for foreclosure by mortgagee's sale, or court proceedings, or in any otter
<br />litigation or proceeding affecting said premises. Attorneys' fees reasonably incurred in any other way shall be
<br />paid by the mortgagor.
<br />d. Foe better security of the indebtedness hereby eecured, upon the request of the mortgagee, its aue-
<br />cessare or assigns, he shalt execute and ±leliver a supplemental mortgage or mortgagee covering any addition4
<br />improvements, or betterments made eo the property hereinabove described :md all property acquired by
<br />it after ¢he date heregf tall in form~satiefactory to mortgagee). Furthermore, uhould mortgagor fail to cure
<br />any default in the payment of a,prior or inferior encumbrance on the property described 6y thin instrument,
<br />mortgagor hereby agrees to permit mortgagee to cure such default, bvt mortgagee is not obligated to do so;
<br />and such advances shall become part of the indebtedness secured by thin instrument, subject !o the same
<br />terms and conditions.
<br />r. 'Glee rights created by this conveyance shall remain in full force and effect during arty parntponement
<br />or extension of the time of payment of the indebtedness evidenced by swirl promissory note or any part thereo[
<br />eecured hereby.
<br />j. He will continuously maintain hazard insurance, of such type or types and in such amounts as the
<br />mortgagee may Gom time to time require nn the improvements now or hereafter on said property, and
<br />will pay promptly when due any premiums therofor. All insurance shall be carried in compattiee acceptable
<br />to mortgagee and the policies and renewals thereof shall be held 6y mortgagee and have attached thereto
<br />loss payable clarrees in favor of and in iorm acceptable to the mortgagee. In event of loan, mortgagor will give
<br />immediate not[ce in writing to mortgagee, and mortgagee may make proof of loss if not made prnmptly by
<br />mortgagor, and each insarance company concerned is hereby autharixed and directed to make payment for each
<br />loan directly to mortgagee instead of to mortgagor and mortgagee jointly, and the iaenraace proceeds, or any
<br />pan thereof, may be applied by mortgagee at its option either to the reduction of the iadebtednese hereby
<br />eeetteesl or to the restoration or repair of the property damaged or destroyed. In event of foreclaeuse of this
<br />mortgage, or otter trenaier of title to laic properly itt extinguishment of the indebtedness secured hereby, all
<br />right, title, sad interest of the mortgagor in and to nay insurance paliaia rhea in force shall pass to iha
<br />purchaser ar mortgagee or, at the option of the mortgagee, may be surrendered for a refund.
<br />_ g. He wi[i keep all baildinga and other improvements on said property in good repair and condition;
<br />will permit, commit, or suffer no waste, impairment, deterioration o[ said property or any part thereof;
<br />in. the event of failure of the mortgagor to keep the buildings on said pmminea and those erected on said
<br />premises, or improvements thereon, in good .-.:pair, the mortgagee may make such repairs as in ire dierretion it
<br />may deem necesaary for the proper preservation thereof; and the full amount of each and every each payment
<br />shall ire immediately due and-payable and shall be secured by the lien of this mortgage-
<br />- h. He will net voluntarily create or permit to be created against the property subject to thin mortgage
<br />any Lien or liens inferioe or auper[or to the lien of this mortgage without she written consent of the mort-
<br />gagee; and further, he will keep and maintain the same far. From the claim of all persons supplying labor or
<br />materials for construct[on ni am~ and all buildings or impeoventents now bring erected or to be erected on
<br />said premises.
<br />i. He will rat rent or assign any part of the rent of paid rarortgaged property or demolish, or remove,
<br />or substantially alter env building witfeout the written coneeut of the mortgagee.
<br />j. All awards of damages fn connection with any condemnation for public use of or injury to any of the
<br />property subject to this mortgage see hereby arsigned and shall be paid to mortgagee, who may apply the
<br />sartae is payn;erst_ of the inetaflinents East due under said rates and tnortgagce is hereby authorised, in the
<br />^ame of the mortgagor, to execute and deiiyer valid acquittances thereof and to appeal irons any such award.
<br />k. The mortgagee shall have the rig}ti [u inspect the mortgaged premiers at any reasonable time.
<br />2, lle[ault in any of the cacenants or conditions of thin instrument nr of the note or loan agrrewtent secured
<br />hereby. shall-terminate the trauragagnr'n right to posaessiou, use, and enjoyment of the property, at the option ni the
<br />utortgagCF, or his assigns lit being agreed that the mortgagor shall haze such right until default). Upmr any such
<br />default, Ehe mortgagee shall become the owner of all of the rents and profits accruing afte.- default as security
<br />for the indebtedness secured hereby, with the right to enter upon said property for d+e purpose u( eulleeling such
<br />netts and prufim. 'i'}ria instrument shall operate as an asaignntent of any rentals nn said property to that extent.
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