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8~-~~~i~~s~
<br />I: 2'6e tsorrgasor eovmtaam sad isgtem ae to8ows:
<br />a He will PrpmptlY Pay the Indebtedness evidenced by said prey note u the tirxs sad ~ t4e
<br />asanaer them pmvided
<br />b. lle will pry all tatter, amasmeats, water rates, and other go~erameatal or mnaieipal chines, foray or
<br />impasations, fat which provisisa has Hat been made hereinbefore, sad title promptly delis the o6ciel teeeipLt
<br />thesefer to the said atottgsgee.
<br />c. He will pay such expenses and fees am may be iacarred in the protection and maintenance of acid
<br />,property, including the fees of any auomey employed by the mortgagee Eor the collection of any or all of
<br />the indebtedness hereby secured, or for (oreclaaare by mortgagee's sate, or eavrt proceedittga, ar in aaq other
<br />Litigation or proceeding affecting said premises. Attorneys' fees reasonably incnrredtn anq other way shat} be
<br />- paid'by the mortgagor.
<br />d For batter-security of the indebtedness berebq seenred, upon the request of the mortgagee, its sere-
<br />- eeeeors oz aesigns,.he shall execute and deliver a snpplemental mortgage or mortgages covering anq additions,
<br />iatprovenYetsts, or betterments made to the property hereinalwve described :,nd all property acgaired by
<br />it after the date hereof {alt in form satiefaetorg to martgageej. Furthermore, should mortgagor fail to care
<br />awy default in the payrnea€ of a prior or inferfiot encumbrance on the,property deacribad by this fnatrument,
<br />mortgagor hereby agrees to permit mortgagee to cure such default, but mortgagee is not obligated to do sa;
<br />and xuch advances shall become part of the indebtedness secured by this inatmment, a-object To the same
<br />teens and conditions.
<br />e. The rights created by this conveyance shall remain in full (arse and effect rlurYrag any prmtponement
<br />or eittenaian of the time of payment of the indebtedness evidenced by said promissorc note ar any part thereof
<br />aecared hereby.
<br />/. He will continuously maintain hazard insurance, of ouch type or types and in such amounts as the
<br />mortgagee may from store to time require on the improvements now or hereafter on said properly, and
<br />Hill pay promptly when due any premitmta therefor. All inaaratztx aha121>e careitxl is companies aaceptabk
<br />to mortgagee and the policies and renewals thereof shall be held by mortgage sad Lave attached thereto
<br />$oss parable clauses in favor of sad is form axeptabk to the mortgagee. fa event of 3aae, mortgagor will give
<br />immediate notice in writittg to mortgagee, and moztgagsaa may make prof ar lt~ if sot made promptly by
<br />mortgagor, and each insurance company caaceraed is hereby authorized sad directed to make payment for aneh
<br />-ass directly to mortgagee instead of to mortgagor and mortgagee jointly, sad the imuraace proceeds, or say
<br />Part thereof, may be applied by mortgagee at its option either to the reductiaa of the indeb€edaeaa hereby
<br />sae-±rad er to the restoration a< ~ epair of the p=apeety damaged ar destra.ed. In event ut' foraeia~nre of this
<br />mortgage, or other transfer of title to said property is eztiagnishmeat of the ~debted~-- eesttr~~ h-»by, s>_t
<br />ragLt, title, sad iatarast of the mortgagor itt sad to any irYSUranea policfea then is force shaft pass to the
<br />purchaser or mortgagee or, at Lha opaian of the mortgagee, tnay ba surrendered for a refund.
<br />g. He will keep all buildings and other improvemeata on said property in good repair and condition;
<br />wilt permiq commit, or suffer 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 neeeeaary for the propee preservation thereof: and the full amount of each and every rush payment
<br />shall be immediately due and payable and shall be secured by the lien of this mortgage.
<br />h. lie will nohvoluntarily create or permit to be created against the property subject so this mortgage
<br />any lien or liens inferior- or superior to the lion of th:s mar[gage with :ui the ti*rittan ca;oaent of the mort•
<br />gages: and furtheq he wi{t keep and maintain the same free from the claim nI all persons supplying labor or
<br />materials for cansi~uction of atry and all buildings or improvemeata now being erected or to he erected on
<br />said premises.
<br />i. He will not rent or assign any part of the rent of raid mortgaged property or demolish, or remove,
<br />or aubatanHelly alter any bnilding without the written consent of the mortgagee.
<br />j. All awards of damagax in zonsseetian with any t=ot=dett~ticn fcr public uzsz of cr i=F j+ary to any of the
<br />~troperty subject to Chia mortgage era hereby assigned and shalt be paid to mortgagee, who may apply the
<br />tsantit to payment of the inataliments last due mnder said note, and mortgagee is hereby authorised, in the
<br />name of dte morigagor, to execute and deliver valid. acquittances thereof sad to appeal from any such award.
<br />_ k. The mortgagee stall have. the right to inspect the mortgaged premises at any reasonable time.
<br />j$efault to any of the revenants or conditions of this instntment or of the note or loan agreement secured
<br />haeaby shalt tetrttirtata tL'r mortgagor a right to poaseaaion. uaa, att.l enjoyment of the properly, at the caption of tLe
<br />tuartgagea or his assigt» {it being agrred that the mortgagor shat! have such right until default}. Limon env such
<br />defaul4 rtes mortgagee shall become the owner of ail of the canto and profits accruing after default as security
<br />f~ title-i~~ettra+l lterrdty, with the right to enter itpou raid property for ilte purpose of collecting such
<br />t~5ria sad pronto. This iaetntrhe4t shall operate as as assigatneat-of tity rentals on said propcrtr to that extent.
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