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<br />-L T'f~~aat~rcov~esa~ag~eeasfoilotn:
<br />a. He wilt ; rompdy pay t$,e iadebter+neas evldmced by said prey note at tIx times ettd-ia tlttt
<br />msnsutr theaeaa ptavided
<br />b. He till pay all razes,. asses®enue, wamr rates, sad othm geverammral or mtmfeipal rhargaa, fim, or
<br />impoeetfom, fat which provition has mtt hem made lseattiafs~are, acrd trill promptly deliver the aEElnfal eeeeipa
<br />tbrzefar to the said mazigagee.
<br />c. He will pay such expeosea and fees as may be incurred in the proteciloa a¢d maintenance of said
<br />property, including the fees of any attorney employed by *he mortgagee for the collection of say or all of
<br />the indebtedness hereby secured, or for forecloaare by mortgagee's sale, or court proceedings, or in any other
<br />litigation or proceeding affecting said premises. Attorneys' fees reaeonabiy incurred in any other way shall be
<br />paid 6y the mortgagor.
<br />d. For Metter security of the indebtedness hereby secured, upon the request of the mortgagee, its en6
<br />censors or assigns, he shall execute and deliver a supplemental mortgage or mortgagee covering any additions,
<br />improven:entA, or betterments made to the property hereinabove described z.nd all property asY~fred by
<br />„ it after the date heeeof (all in form satisfactory to mortgagee). Fnrthermare, should mortgagor sail to care
<br />any default in the payment of a prior or inferior encumbrance on the property described by this irutrument,
<br />mortgagor hereby agrees to permit mortgagee zo cure such default, but mortgagee is not obligated to do ea;
<br />and such advances shad become part of the indebtedness secured 6y this instrument, subject to the same
<br />termz and conditions.
<br />P. The rights created by this conveyance ahail remain fn full force and etFect during any postponement
<br />or extension of the lime of pavmsnt of the indebtedness evidenced by said promissan• note or any part eherrof
<br />secured hereby.
<br />f. He will continuously maintain hazard insurance, of such ivpe or h•pes and in such amounts as the
<br />mortgagee may from time to time require on the improvements now or hereafter on said property, sad
<br />:rill pay promptly when due sap premiums therefor. All irunrance shall be earned is companies actxptabk
<br />to mortgagee and the policies and rmewala thereof ehalI be bald by mortgagee sad have attached thereto
<br />lom payable clatraes in favor of sad in term acceptable to the mortgagee. In event of Ions, mortgagor will give
<br />immediafa notice in writing fo mortgagee, a¢d mortgagee mxg make proof of lose if not made pxompilq by
<br />mortgagor, and arch iamrance compa¢y coacemed is hereby authorised sad directed to melee payment for such
<br />lom directly to mortgagee instead of to mortgagee and mortgagee jainily, and the insurance proceeds, ar my
<br />parr ihe.•aof, may he applied by mortgages at fte option either to iha reduction of tbeindelatedttese btrelry
<br />sssut~ed or fa the exxtaration or repair of the property damaged or destroyed. la event of fareclaaam of this
<br />mortgage, ar other tranxfer of title, to said property in eztinguishmrnt of the indebtedness secured hereby, all
<br />rigkrt, title, sad ittterest of the t¢artgagor is surf to say insurance paliciea then in force shall pass €a €lte
<br />purchaser or mortgagee or, at the option of the mortgagee, ma}' be surrendered for a refund.
<br />g. He will keep all buildings and other improvements on said property in good repair and canditioa;
<br />will permit, commit, or suer 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 each repairs ae in its diacretinn it
<br />Wray deem necessary for the proper preservation thereof; and the full amount of each and every such payment
<br />shall be immediately due and payable and shalt be secured by the lien of this mortgage.
<br />h. He will no[ voluntarily create or permit to be created against the property subject to this mortgage
<br />any lien or liens inferior or superior to the lien of this mortgage without [he written consent a( the morE
<br />gages; and further, he will keep and maintain the same free from the claim of all persons supplying labor or
<br />materials for conetrncuon of any and alt buildings or improvements now being erected or to be erected on
<br />said premises.
<br />i. Ids will not rent or assign any part of the rent of said mortgaged property or demolish, or remove,
<br />or subatantiaAy abet any building without the written consent of the mortgagee.
<br />j. All awards of damazee in connsetian wiilt any condemnation far ctultlic use of ar injury to auy of the
<br />- -property subj~t to this mortgage are hereby assigned and steal! be paid W mortgages, who may apply the
<br />soma to payment of the inetallmeate last due under said note, and mortgagee is hereby authorized, in the
<br />name of the mortgagor, to execute and deliver valid acquittances 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 />$. flefault in. any of the covenants or conditions of this instrumett or of the note or loan agreement secured
<br />htrebyahkllYerinina[e the mortgagoz"a right to possession, use, and enjoyment of the property, at the nption o[ the
<br />mortgages or his assigns. (it being agreed that the mortgagor ahatl have such right until dstault 1. Upon any such
<br />deaulq the mortgagee eha11 become the owner of all of rho rents and profits accruing after defaule ae security
<br />(ore-tlut inde(aiednesa secured hereby, with the right to enter aeon said property for the purpose of collecting each
<br />t4gib i¢d prafitp• Thig.ltbt[umps4.sha11 operate as a¢ aesigatnent oL any rentals an said property to that extent.
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