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<br />><: The mortgagor oov~a sad agrtxs ar fellotrr:
<br />a Ile vrill promptly pay the inaebtedtw,es evidenced by acid promissory note at the tunas and in the
<br />manner tharrin provided
<br />b. fie will pay all texts, aaoee®entr, water rata, and outer governmental or municipal ehargee, finer, or
<br />impasatioaa; for which proviadoa 6sa not been made hereiabefore, end will promptly deliver the oflieial receipts
<br />therefor to the said mortgagee.
<br />c. Ht will pay etech expenses and fees as may be incurred in the protection and maintenance, of said
<br />property, including the fees of any attoeney employed by the mortgagee for the collr_ttion o[ any or all of
<br />the indebtednaxw hereby secured, or for foreclosare by mortgagee's sale, or court proceedings, or in any other
<br />litigation or proceeding affecting said premises. Attorneys' fees reasonably interred in any other way shall be
<br />paid by the mortgagor.
<br />d Foe better security of the indebtzdneae hereby secured, upon the request of the mortgagex, its sea
<br />ceaaora or aaatgna, he shall exttute and deliver a enpplemental mortgage or mortgagee covering any additions,
<br />imp.~ve oznta, or iFit~t.-.ta ,~. adt io the propzriy bereinabove described : nd all property asquncd by
<br />it after the date hereof (al! in form eatisfacton• to morigagr~~~). Furthermore, should mortgagor tai! to tore
<br />any dtfaeil, in the payment of a prior or inferior encumbrance oft the property described bythia instrument
<br />mortgagor hereby agrees to permit mortgagee to curt such default, lwt mortgagee is not obligated to do so:
<br />and such advances shall become part of the indebtedness secured by this instrument, subjer;t to the same
<br />terms and conditions.
<br />e. •Thc righu crested by this conveyance shall remain in full force and effect during any postponement
<br />ur zxttnaion of the time of payment of the indebtedness evidenced by said promissory note or any part thereof
<br />secured hereby.
<br />f. He will continuously maintain haaard insurance, of such type or types and in such amounie as the
<br />mortgagee may from time to time require on the impmvemenle now or hereafter on said property, and
<br />will pay promptly when due any premiums therefor. All iaenrance shall be carried in companies acceptable
<br />to mortgagee sad the policies end renewals tbeeeof shall be Geld by mortgagee and have attached thereto
<br />loos payable classes in favor of and in form acceptable to the mortgagee. in event o[ lose, mortgagor will give
<br />immediate notice in writing to mortgagee, utd mortgagee may make proof of lase if not made grompdp by
<br />mtrrigagae, sad each insurance company ceaoetatd is hereby avtboriaed and directed to make payment for sash
<br />least diretxly to mortgagee instead of to mortgagor and moetgagas jalnily, and the insurance proceeds, or any
<br />par€ ttaasreof, tnay :.e applied by morigsgce at its option either to the reduction of the indebtetlnesa hereby
<br />assured er to the rrsforation or repair of flee property damaged or destroyed. lrt event of foreclosure of Il:is
<br />mortgage, or oilier trnmfer of tick to said property in CYtitlgltishmeni of 4he indebtednesB secured hereby, all
<br />rig1iG t%L.G, and atermt of the morigagrar is sad to any i.nsuraace policies xhen in Porto shat! pass to the
<br />pureleastr or tnar€ga~e ar, ae the option of the mortgagee, may he surrendered for a refund.
<br />g. He wi1T keep all buildings and other improvements on said property in good repair and condition;
<br />will permit. commit, or eufftr 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 good repair, the mortgagee may make such repairs as in its discretion it
<br />may deem neteasary for the proper preservation thereof; and the full amount of each and every ouch payment
<br />shall be immediately due and payable and shall 6e secured by the lien of this mortgage.
<br />h. He will not voluntarily create or permit to be created against the property auhject to this mortgage
<br />any lien or liens inferior or superior to the lien of this rr:ortgage without the written consent of the more
<br />gages; and further, he will keep and maintain the same free from the claim of al! persons supplying laiaor or
<br />materiels for construction of any and all buildings or improvements now being erected or to be erected on
<br />said premise's.
<br />i. He will not rent or ensign any part of thr. rent of said mortgaged property or demolish, or remove,
<br />or substantially alter nny building without the written consent of the mortgagee.
<br />j. AI! awards of damages in connection with soy condemnatiat for nu6lic mss of or injury to any of the
<br />property subject to this mortgage are hereby asaigteed and shall be paid to neortgagea, who :nay apply the
<br />same to pagment of the installments last due under said note, and mortgagee is hereby authorized, in the
<br />name of flee mortgagor, to execute and deliver valid acquittances thereof and to appeal frmn any such award.
<br />k. The mortgagee shall have the right to inspect the mortgaged premises at any reasonablo time.
<br />2. Default in any of the covenants or conditions of this instrument or of the note or loan agreement secured
<br />hereby shall tertninate rho mortgagor's right to possession, use, and enjoyment of the property, at the option of the
<br />mortgagee or his assigns (it being agreed [hat the mortgagor shall have such right until default). [ipon auy such
<br />detaplt. the mortgagee shall become the owner of all oC the rents and profits accruing after default as szct: rity
<br />Pox the indebtedness secured hereby, with the right to enter neon said property for the purpose of collecting such
<br />t6nU and profits. ittia inetrutntnt shall operate as an_amigtuneat of any rentals on said property to that extent.
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