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<br />ri. The mortgagor eevmamta sad agrees u follows:
<br />a $e wifl pt•~tptly pay the indebtedness erideneed by said promirory note at the times attd in the
<br />masaer therein provided
<br />b. He will pay aU taws, assesmteatr, water rates, and other goverammtal or mmueipal ehargea, fines, or
<br />impesitaona, for which provides has rtes been mach hereiobefore, a~ will promptly deliver the official receipts
<br />therefor w the acid mortgagee.
<br />c. He will pay such expenses and fees as may be incurred in the protection and maintenance of acid
<br />peopertp, including the fees of any attorney employed by the mortgagee for the collrxtion of any or all of
<br />the indebtedness hereby secured, or for foreclosure by mortgagee`s axle, or court proceedings, or in say 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 4he indebtedness_ hereby secured, upon the request of the mortgagee, its aaa
<br />ceaeors or assigns, he shall execute and deliver a supplemental mortgage or mortgagee covering any additions,
<br />improvements, or betterments made to the property hereinabove described :ad all property acquired by
<br />it after the date hereof {all in form satisfactory to mortgagee). Furthermore, should mortgagor fail to cure
<br />any default in the payment of a prior or inferior encumbrance on the property described by this instrument,
<br />mortgagor hereby agrees to permit mortgagee to core such defaul4 but mortgagee is not obligated to do so;
<br />and such advances shall become part of the indebtedness secured 6y this instrument, subject to the same
<br />terms and conditions.
<br />e. The rights created by this conveyance shall remain in full force end effect during any poetponemeat
<br />of extension of the time of payment of the indebtedness evidenced by said promissory note or any part thereof
<br />secured hereby.
<br />f. He will cantinuoualy maintain hazard insurance, of such type or types and in acch amounts ae the
<br />mortgagee may from time to time require on the improvements now or hereafter on said property, and
<br />will pay promptly when due any premiums therefor. All inenrana shall be crrried in companies acoepubk
<br />to mortgagee and the policies and renewals thereof shall be held by mortgagee and have attached thereto
<br />]oas payable clauses in favor of sad in Form acapteble to the mortgagee. In event of loan, mortgagor will glee
<br />immedute notice in writing to mortgagee, and mortgagee may make peoof of loos if ~t made promptly by
<br />m+artgagttr, and each i.,..,rn,.a company eaacezned is hereby authorised sad dizected to make payment for eneh
<br />leas directly to mortgagee instead of to mortgagor and mortgagee jointly, sad the insusat<co praoettb,`ar any
<br />part thereof, may be applied by mortgages at its option either to the reduction of tits indebtedness hereby
<br />eeonred or W the restoration or repair of the property damaged or destroyed, In avast of foreclamuro of this
<br />rrtortgage, ar other transfer of title to said propertq in extiriguiahmeat of the indebtetlnem secured hereby, all
<br />eigltS, title, ~d ivtserest sE the marrigagar in and tt: say irstrrsttee policies than in force shall pees to the
<br />purchaser or mortgagee qr, at the option of the mortgagee, may be surrendered for a refmd.
<br />g. He will keep alt buildhsga and other improvements on said property i:t goad repair and eonditiat,;
<br />will permit, commit, or suffer no waste, impairment, deterioration of said property or any part thereof;
<br />in the event oC failure of the mortgagor to keep the buildings on said premise avd those erected on said
<br />premises, or improvements thereon, in good repair, the mortgagee may make each repairs ae in its discretion it
<br />may deem necessary for the proper preservation thereof; sad the full amount of each and every such payment
<br />shall be immediately due and payable and shall be secured by the lien of this mortgage.
<br />h. He will not voluntarily create or permiF 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 the written consent of the mort-
<br />gages; avd furtheq he will keep and taintain the same free from the claim of all persons supplying labor or
<br />materials far catu;traction of any and all buildings or improvements now being erected or to be erected on
<br />seed premises.
<br />i. He will not rent or assign any part of the rent of said mortgaged property or demolish, or remove,
<br />or substantially alter any building without the written oonsestt of the mortgagee.
<br />~. All awards of damages io connection with any condemnation for public use of or injury to any of the
<br />property subject to thin mortgage are hereby assigned and shall be paid to mortgagee, who may apply the
<br />same to oaymeat of the inatalimeats last due under said note= and mortgagee is hereby authorised, in the
<br />name of the mortgagor, to execute and deliver valid acquittances thecae( 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 />2. Defeulr in.aay of the covenants or conditions of this instrument or of the note of loan agreerneni secured
<br />barebv shall terminate the v,artPagar's „aht m ~ .,a a .,Y .c,o „ ,4... ~ .,r .t,..
<br />mortgagee or his assigns (it being agreed that the mortgagor shall have such right until default). Upon any such
<br />default, the mortgagee shall become the owner of all of the rents and profits accruing alter default as security
<br />for fire indebtedrnes secured hereby, with the right to eater upon said property for the purpose of collecting such
<br />rents and profile. This ioatrwnent shall operate as art aseigmneut of any rentals on said property to that eaent.
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