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<br />S~w± st~~r13
<br />1. The taorigagor tw.enanta atad fgreea as follaws:
<br />s. He will P~PH7 PaY the indebtedneta evideaad by acid pmmimory note u the time asd in the
<br />ma®ea therein provided
<br />b. Ha will pay all taus, atrermenta, wafer rates, and other govetamenal or mamt3pal tdiargey flop, or
<br />impottitione+ foi which ptwieim has not been made hereinbefoee, and will promptly delivu the ofE&cial reoe[pb
<br />therefor to the said mortga®ee.
<br />c. He will pay such expenses and fees as may be incurred in the protection and maintenance of said
<br />property, including the [ees of any attorney employed by the mortgagee tot 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 othu
<br />litigation or proceeding affecting said premisee. Attorneys' fees reasonably incurred in any other way eltall be
<br />paid by the mortgagor.
<br />d. For better security of the indebtedness hereby secured, upon the request of the mortgagee, ire ava
<br />ceaeon or assigns, he shall execute and deliver a supplemental mortgage or mortgagee covering any additions,
<br />impzovementa 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, should mortgagor [ail to cure
<br />anyde[anlt in the payment of a prior or inferior encumbrance onthe property described 6y thin instrument,
<br />mortgagor 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 instrtment, subject to the same
<br />terms and conditions.
<br />e. The rights created by this conveyance shall remain in foil force and effect during any postponement
<br />or extension of the time of payment of the indebtedness evidenced by said promissory note or any part thereo{
<br />secured Iterebv.
<br />~. He will continuously maintain hazard insurance, of xuch type or types and in such amounts as the
<br />mortgagee mac feom time to time require on the improvements now or hereafter an said property, and
<br />will pay promptly when dne any premiums therefor. AIS insurance shall be carried in companies acceptable
<br />to mortgagee and the policies and- renewals thereo[ shall be Geld by mortgagce and have attached thereW
<br />loos payable classes in favor of and in form arxep4able to the mortgagee. In event of lose, mortgagor will give
<br />immediate notice in writing to mortgagee, and mortgagee may make proof of toes if not made promptly by
<br />mortgagor, and each insurance company concerned is hereby authorised and directed to make payment for such
<br />taps directly to mortgagee instead of to mortgagor sad mortgagee j+rinily, and the insurance proceeds, or any
<br />part tltezeof, may be applied by motttyagee at its aptian either to the eedueiion of the indebtedness hereby
<br />secttrod of err the rEatora[ien or ropair of the prapcrty damaged or destroyed. in event of foreclosure of thia
<br />mortgage, or other trane[er t>t title to amid property in estiogvishmeat of the indebtedness secured hereby, all
<br />right, tills, sad ineeeest of she ntorigagor in anti to any insnrance pol~c+es then in farce shall pass ;o the
<br />purchaser or mortgagee ar, at the option of the mortgagee, rosy be surrendered far a re{und.
<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 wnete, impairment, deterioration a[ 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 such repairs ae in ire discretion it
<br />may deem necessary for the proper presen•ation thereof; and the full amount o(each and every such payment
<br />shall be immediately doe and payable and shall be xeeured by the lien o(this mortgage.
<br />h. He will not voluntarily create or permit to he created against the property suhject to this mortgage
<br />env Lien or liens inferior or superior to the lien of this mortgage without the written consent of the morF
<br />gages: and further, be wilt keep and maintain the same free Pram the claim of all persons supplying labor or
<br />materials for ronetntction of am and :dl buildings or iny,rovrntrnts nnw bring erected nr to be erected on
<br />acid premises.
<br />i. Hr wit! no[ rent or assign any part of the rent of xaitf mortgaged property or demolish, or remove,
<br />or substantially alter any building without the written constnu of the mortgagee.
<br />j. All awards of damages in connection with env condemnation far public use of or injury to any n(the
<br />property subject to this_mortgage are hereby assigned at:ti shall he paid to n+oregagez, who may apply the
<br />none to payment of the irtatAllments taxi due uncles said note, and mortgagee is hereby authorised, in iha
<br />name of the mortgagor, to execute and deliver valid acyuittancrs thereof 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 />d. Ik[ault in any of the covenants ar cotditions of this instromeru ox oP the rote ar loan agreement secured
<br />hereby shall terminate themortgagurb right to poxerxsimt, use, and enjoyment of the pruµerty, at the option of the
<br />mortgagee. or his assigns (it being agreed that the mortgagor shall have such right until default). 1'~pon m+y such
<br />tk[ault, the mortgagee e1ta0 become the owner of all at She rents and µrofits accruing after default as seeuriiv
<br />ftN the indebtedness secured hen+by, with the right to eater upon paid property for the purpose, of collecting such
<br />retN- ant{ pwfita. 'T'his instrumcnt shall oµrrata as an asaignnreni of any rentals on raid µraprrty to that rarest.
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