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<br />1. Tie mortgagor covenant sad agteea a foIIaws:
<br />a. He will pnmptly pay the indebtedtsees evide¢ced by said promirorg nou at the limn slut is the
<br />mannerthernia providod
<br />b. He will pay ell taxes, aeaamoeata, water ales, and other govetaatenul oe mtmicipal charge, finett or
<br />imposiriotre, far which pravimon hta not Lean made herei¢before, and will promptly deliver the official receipts
<br />therefor m the said mortgagee.
<br />c. He will pay such expenses and tees as may be incurred in the protection and maintenance of said
<br />property, including the fees of any 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 otter
<br />litigation or proceeding affecting said premises. Attorneys' fees reasonably incurred in any o{her way shall bE
<br />paid by the mortgagor.
<br />d. For better security of the indebtedness hereby secured, upon the request o[ the mortgagce, its aue•
<br />censors or assigns, he shall execute and deliver a supplemental mortgage or mongagee covering any additions,
<br />improvements, or betterments made to the property 6ereinabove described :nd all property acquired by
<br />it alter the date hereof (all in fozm satisfactory to mortgagee). Furthermore, should mortgagor fait to cure
<br />any default in the payment of a prier or inferior encumbrance on the property described by this instrument,
<br />mortgagor hereby agrees to permit mortgagee to cure such default, but mortgagee is not obligated to do so;
<br />and each advances shall become part of the indebtedness secured by this instrument, subject to the same
<br />tECm6 and COndlllette.
<br />e. The rights created by this conveyance shall remain in toll force and effect during any postponement
<br />or extension of the time of payment of the indebtedness evidenced by said promiasorc note or as+y part thereof
<br />secured hereby.
<br />j. He will continuously maintain hazard insurance, of snch type or types and in such amounts as the
<br />mortgagee may from time to time require on the improvements now or hereafter nn said property, and
<br />x'.11 pap promptly when due any premiums therefor. All inanrance shall be carried in companin aaxptabk
<br />to mortgagee sad the policin and renewals thereof shall be held by mortgagee sad have attached theteu
<br />loos payable clatrsn in favor of and in form acceptable to the mortgagee. In avast of tom, mortgagor will give
<br />immedisu ¢otice in writing to mortgagee, sad mortgagee map make proof of for if eat made promptly by
<br />mortgagor, sad each imuraaa company concerned i s herohy authorized sad directed to make payment for snch
<br />tar directly to mortgagee instead of to mortgagor sad mortgagee jointly, and the insurance proceeds, or say
<br />pert thereof, may be applied by mortgagee at its option either 4o the reductiaa of the indebtedner beeeby
<br />sec¢ted or to the reauntion or repau of the property damaged or dntmyed. In event of fot~ksnrE of this
<br />mortgage, or other transfer of title io said property in eztiaguishmeat of the indebtedtrer secured hereby, all
<br />right, title, and iitiereai of the mortgagor in and to any inuurance policin then is force abail par m tLe
<br />pnrehaser or mortgagee or, at ibe option of the mortgagee, may be surrendered for a refund.
<br />g. He will keep all buildings and other improvements on said property in good repair and rnndition;
<br />will permit, 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 good repair, the mortgagee may make such repairs ae in its discretion it
<br />may deem necessary for the proper preservation thereof; and the full amomt 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 not 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 o[ the mor4
<br />gages; and Curtheq he wit! keep and maintain the same tree from the claim of all persons supplying labor ar
<br />materials for mnatruetion of any and all buildings or improvements now being erected or to be erected on
<br />said premises.
<br />i. He will not rerst or assign any part of the rent of said mortgaged property or demolish, or remove,
<br />or aubsten[ially alter any building without the written consent of the mortgagee.
<br />j. All awards of damages in connection with any condemnation for public use of or injury to any of the
<br />property subject to this mortgage are hereby assigned and shall he paid to mortgagee, who may apply the
<br />same to payment of the installments last due under said note, and mortgagee is hereby authorised, in the
<br />name of the mortgagor, to execute and deliver valid acquittances thereof and to appeal from any such award.
<br />k, Tho mortgagee shalt have the right to inspect the mortgaged premises at any reasonable time.
<br />2. Default in any of the covenants or conditions of this instrument or of the note ur loan agreement secured
<br />hereby shall terminate the mortgagor s right to possession, use, and enjoyment of the properq~, a[ the option u( the
<br />ntottgagee or his arigns lit being agreed that the mortgagor shall have such right until default). Upon any such
<br />defaulq the mortgagee shall become the owner of all of the rents and profits accruing after default as security
<br />far the indtbtedness secured hereby, with the right to enter upon said property for the purpose of collecting such
<br />Tanta and prof%ta. This instrument shall operate as as arignment of auy rentals on said property to that ez.ent.
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