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<br />1. T'he aaarigagar covenaats.~ agrees a. failoa+s:
<br />G $e +riil promptly pay the indebtedness evidenced by said prvmiasory note at the timra sad in the
<br />tnatmer thetvan provi[Ied
<br />b. He will pay all fazes, amwa[atts, water ntee, sad otter governmental or manieipal rhatga, $nec, or
<br />imposititms, for which provision has nm ~ made hezeinbeforr, and will promptly deliver the o6teial recsipL
<br />Eherefoz to the said mortgagee.
<br />c. He will pay such expenaee and fees as may be incurred in the protection and maintenance of said
<br />property, including the fees of say attorney employed by the mortgagee for the collection of any or all of
<br />the indebtedness hereby secured, or for foreclosure by mortgagee's sale, or court proceedings, or in any other
<br />litigation or proceeding affecting said premises. Attorneys' fees reasonably incurred in any other way shall be
<br />paid by the mortgagor.
<br />d. For better security of the indebtedness hereby secured, upon the request of the mort{sagce, its ono-
<br />ceaeora ar assigns, he shall execute and deliver a supplemental mortgage or mortgages covering any additiotm,
<br />______ R~ __ },.=aeP_...___....._ada ... *h~ preps herei:.awvs dascrib2d .nd alt prwpe '_ a~y~
<br />itafter Ilte date hereof (all inform sati.sfactorv to mortgagee). Furthermore, shouldintortgsgor fail to tore
<br />any default in tine payment of a prior or inferior encumbrance on the propertw drscriited by this insirarment,
<br />mortgagor hereby agrees to permit mortgagee to cure such default, but mortgagee is net rnbligatmd to da so;
<br />and such advances ehal} laecome pare of the indebtedness securer) by thus instrument. subject to the same
<br />terms and cornditions.
<br />e. T}te rights r.reated by this conveyance shall remain in full force and effect tinting env pcretlranement
<br />or extension of the time of payment of the indebtedness evidenced by said taramissorv natty nor any part tbm.reo$
<br />secured hereby.
<br />J. He will continuously maintain hazard insurance, of such type or types and in such amounts as the
<br />mortgagee rosy front time to time regnire on the improvements now or hereafter on said property, and
<br />wit pay promptly when due any premiunns therefor. All ionrtrauce shall b< carved in wmpatties acceptable
<br />to mortgagee and the policies and renewals thereof shall be held by mortgagee sad have attached therein
<br />loss payable clatnses in favor of and in form atxeptable to the mortgagee. In event of Poss, mortgagor will give
<br />immediate notice in writing m mortgagee, and mortgagee may snake proof of loss if nut: nuede ptanmptly by
<br />mortgagor, atad each insurance company -ancerned i s hereity autltoriz»ed and direo~ted to rnalae payment for each
<br />Iuea daractly to mortgagee instead of to mortgagor sad marigagec jrairttly, and She inennrattec pror~da, or may
<br />part theY~nf, ~-ay he applied by mortgagee at i.a option either to the r~lvetia; e=f th$ indebtedness hereby
<br />seer€~d oz to Witte resteretioa ar repair of the property damaged ar destroyed. In avant of farerslosure of this
<br />mortgage, ter other transfer of title to said praperty° is extiaguisbrnent of flee indelatednes3 ser:[rcaa Itecrcby„ ail
<br />r,~t, ti"r~., ar[d interest of the mutt=gagor _ ans's to ~:g~ ir,.nran~~ palsaa~, Haan a..:oro~ ahal pass to tits
<br />pv±->=has€r or mortgagee or. at the o~- .~-- or !h~ nsoraFage~• :tiny :R~ sort°ud~r~ far 3 r~fv ~.
<br />R. He will keep all buildings and other improvententa on said property in good repair and condition:
<br />will permit, commit, or auHer no waste, impairment, deterioration of 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 goad repair, the mortgagee may make such repairs ae in its discretion it
<br />may deem necessary for the proper preservation thereof; and the full amount of each and every ouch payment
<br />shall be tmmediately due and payable and shall be secured 6y the hen of this mortgage.
<br />h. He will not voiurtarily create or permit to be cre;nted against the property subject to this mortgage
<br />any lien or 3iens inferior or superior to the lien of this mortgage without the written consent of the mort-
<br />gagee; and further, Ile will keep and maintain the same free from the claims of atI persons supplying labor or
<br />materials for constnlction of any and all Inuildinga or imprave€uente now being erecter) or to be erected on
<br />said r_ ______.
<br />[. He wtll net rent or assign ant part of the e'en[ of sand mortgaged p:~apert+' ar demolash, or remove,
<br />or substantially alter any building without the written caI€sent of the mortgagee.
<br />j. All awards of damages in connection with any co€tdemnation Eor public uhe of or utjnry to auy of the
<br />property subject io [his mar[gage are )tetchy nssig ned au<7 shalt Ile paid to n3ort Fagec, who ntav apply the
<br />saate to pa;tr:e:tt of the i:sz~llmenta last due, under said Hate, a-,1 mar tgag..~ ._ herabv ~,.t,.ariaetf, in ive
<br />name of the mortgagor, 4o execute and deliver valid acquittances thereof and to appeal from auy such award.
<br />fs. The mortgagee shall have the right to inepcci the mortgaged premises at an} reaaattable time
<br />2. 9efault in any of the covenants or conditions of this instrument or of ties note ox loss agreetnent secured
<br />hereby aha11 terminate the mortgagor a right to possession, use, and enjoyment of the prapcrty, a[ the option of the
<br />mortgagee or his assigns tit being agreed that the mortgagor shall hale such right until dr+fauit i. C~Fran any such
<br />defavit, the mortgagee shall become the owner of ail oC the rents and profits accruing after default as security
<br />for the 5ndehtedneaa secured hereby, with the right to enter spun said property for the purpose of collecting such
<br />rents and profits. This insti t~ment shalt operate as an assignment of any reutat~ or. said grape^y to that extern.
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