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<br />L The maetgetgrr ersetmn lard ~ a. folianrs:
<br />a He will promptly pay the iadebtedtseas evideaeed by acid prewsry note at the titmea aed o the
<br />auat®set thsiria- pttoniiei
<br />b. i`o will pry all rasa, aaeas water nteq ad other gare~tal ar mtnstipal charges, frees, nr
<br />ktapodtiom, far which prt»irioe has sot bees trestle 6etaisbef'ore. red will f~Ptl7 tieli.es the oioal reaezab
<br />therefor to t~ attid mmtgttgee.
<br />r. Hs will pay such expenses and fees ae may be incurred in the protection and ~aiatcaance of said
<br />property, ineludmg the fees of sny attorney employed by the mortgagee for the collection of any or al! of
<br />the itt~btedtter hereby secured, or for forecioenre by mortgagee's sale, of court proreedittgs, or in my 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, its aQU•
<br />csseon or assigns, he shall execute and deliver a supplemental mortgage or mortgages covering arty additions,
<br />improvements, or betterments made to the property hereinabove described .-red all property aegaired by
<br />it aher the date hereof (all in form satiefaetory to mortgagee). Furthermore, should mortgagor fail to tare
<br />any default in the payment of a prior or interior encumbrance on the property described by this %nsttvmenty
<br />mortgagor hereby agrees to permit mortgagee to cure such default, but mortgagee ie trot obligated to do w:
<br />and such advances shall become part of the indebtedness secured by this irtstrumen4 subject to the same
<br />toms end conditions.
<br />e. Fite rigftes created by this rnnveyance shall remain in tuft force and eRset during any postponement
<br />or exienainn of the tits of payment oC the indebtedness evidenced by said promissory note or any part thereof
<br />seeurcd hereby.
<br />(. lie will continuous]y maintain hazard insurance, of such type or tvpes and in such amounts as the
<br />mortgagee may frem time to Eimr require an the improvements now or hereafter on said property, and
<br />will pay promptly when due any premittras therefor. All iarnrana shall be cavrted it: twmpraits aooeptabk
<br />to mortgagee and the policin and renewal thereof shall be held. 6y mortgagee and have attasbed thereto
<br />loan payable claws in favor of and in form acceptabfe to the mortgagee. In event of loss, mortgagor will give
<br />immediate rtotice in writing to mortgages, and mortgagee may make proof of for if not made promptly 67
<br />®eortgagrtr, sad each inauranrro company concerned is hereby authorittd sad directed to make paymmt for snch
<br />for directly w mortgagee inrtoad of to mortgagor and mortgagee jointly, and the instrranee proceeds, or any
<br />part thereof, may be appli+~ by mortgagee at its optiaa either to the reduction of the iadebtedner 6eaaby
<br />steered or to the tattoratitm or repair of the property damaged or dntroyed. In event of foteclomte of thin
<br />marigags, or other transfer of title to rid property in extinguishment of the indebtrdttrs secured hereby, ell
<br />right, title, attd ioteresi of the mortgagor in and to say insurance policies then is force shall par to the
<br />purrhasrr ar ntorigager or, at the option of the mortgagee. may be surrendered for a refund.
<br />£_ , lie will icero all buildings and outer improvements an said property is goad repair sad condition:
<br />wit) permit, cnmmit, or suer no waste, impairment, dctrnoration of said property or any pan thereof;
<br />in the event of failure of the mortgagor to kelp the builtliags as said prrnrtises and those erected oa sod
<br />promisee or improvements thereon, is good rppaic, the mortgagee may make such repaim as in its diseretioa it
<br />may dorm nreeasary for the proper ptearrvation thereof ; and the full amoant of each and every such payment
<br />shall br immediately due and pavable and shall be eecured by the lien of this mortgage.
<br />h- He will not voluntarily create or permit to br created against the property subject to this mortgage
<br />any lien or liens inferior or superior w the lien of this mortgage without the written consent of the mort•
<br />gages: and further, he will keep and maintain the game free from the claim of all persons supplying labor or
<br />materials for eonetruction of any and all buildings or improvrrnents now firing errctral or to Ire erected on
<br />said premises.
<br />e. He will nut rent or assrkn env part ut the rent of ,aid mortgaged pn,prrty or demolish, nr remove,
<br />or sutrtantially altar any building without the wnune cunarui of the murtgrgrr.
<br />j. All swards of damages in connecGOn with env concirmnatiun for public use of or injurv to aav of the
<br />property wbjnct w this rortgage err hereby assigned and shall br paid to mortgagee, who may apply the
<br />eases to pavm~t of the itutYllmeats last des under sail note, and mortgagee is hereby auttturitaed, it the
<br />restate of the rtaottgagor, to caesura and deliver ,.slid arqutttanees thereof aced to appeal from env each award.
<br />k. 'l'iw mortgagee shall have the right to iaaprct the mortgaged prrmi.rs ai say reaaenab}e iirsse.
<br />2. I?cfaalt in any of the euvcnarus or conditions of this instrument or of the note ur loan agreement .ecurr<I
<br />lsareby shall terminate the mortgagor`s right to f>ossessiun. use, and en;ovmrnt of the pntprrty, at the uppteon of the
<br />awregaiter or his arigna tit bring agreed that thr mortgagor shall ha.e such riKht until default i t'pun env such
<br />tlefauh., the mortgagee shall become the owner of all of the centre and profits accrrung after drfavit as security
<br />Eoe Elite indebtr.+it>esa secured iterrbv, with the right to enter upon .std propene for the purf><ese of .•ollretinK sorb
<br />tJ!llta trtd profits. 7'hia iaatrumsut shall operate as as ssaigttment ui any rcnrsls un said propery to that extent.
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