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<br />1. The mortgagor eovreoanb and sates:. fotfotn:
<br />a. He wiII P~PH7 P=J ~e iade6~tedaeaa evidmeed by acid promiacory note at the time sad in the
<br />manner thereto pzot+ided
<br />6. He will pay all mtcn, ameat~mts, water ores, and other governmental of mtmittipal rLargra, boss, or
<br />impoutin~~ for which provision has not berm made beninbefoee, sad wiU promptly deliver the assist meipb
<br />tbetefor tc the said mortgagee.
<br />c. He will pay each expenses and fees 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 is any other
<br />litigation or proceeding affecting said premiers. Attorneys' fees reasonably incurred in any other way shall be
<br />paid by the mortgagor.
<br />d For better eecuriiy of the indebtedness hereby secured, upon the request o[ the mortgagee, its eur-
<br />ceseors or assigns, he shall execute and deliver a supplemental mortgage or mortgages covering any additions,
<br />improvements, or betterments made to the property hereinabove described :nd all property acquired by
<br />it after the date hereof fall in form satisfactory to mortgagee). Furthermore, should mortgagor tail to cure
<br />any defaulE in the payment of a prior or inferior encumbrance on the property described by this instrument,
<br />mortgagor hereby agrees [o permit mortgagee to cure such default. but mortgagee is not obligated to do so;
<br />and such advances shall become part of the indebtedness secured br this instrvment. subject Eo the same
<br />terms and conditions.
<br />r. The rights created by this conveyance shall remain in Lull force and effect during arty postponement
<br />or extension of the time of payment of the indebtedness evidenced by said promissory note or am~ part thereof
<br />secured 6erebv.
<br />~. He will con[inuoualy maintain hazard insurance. of such type or h~pes and in each amounts as the
<br />mortgagee may from time [o Lime require un the improvements now or hereafter on said proprm•, and
<br />will pap promptly when due any premiums therefor. All inenrance shall be carried is companies acceptable
<br />to mortgagee sad the policies and renewals thereof shall be held by mortgagee and have attached thereto
<br />loss payable clatteee in favor of and in form ac€eptable to the mortgagee. In event of loss, mortgagor will give
<br />itrtmediate notice in writing to mortgagee, and mortgagee may make proof of lose if not made promptly by
<br />mortgagor, and each insurance company rnncemed is hereby authorized and directed to make payment for each
<br />loos directly to mortgagee instead of to mortgagor and mortgagee jointly, and the insurance proceeds, or say
<br />part thereof, may be applied by mortgagce at its aptioa either to the reduction a€ the indebtedness hereby
<br />eecatasd or to the re~toretion or repair of the property damaged or destroyed. In event of foreclosure of this
<br />mortgage, or other franeier of title to said property in extinguishment of the indebtedness secured 6erebv, all
<br />righ4 title, sod interest of the mortgagor in and to any insurance policies then in Force shall pass to the
<br />purchaser or mortgagee or, at the option of the mortgagee, mac be surrendered for a refund,
<br />g. He will keep all buildings and other improvements on said property in good repair and condition:
<br />will permit, commit, or auAer nu waste, impairment, deterioration of acid property or anc part thereof:
<br />in [he event of failure of the mortgagor to keep [hr, buildings nn 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 necessary (or the proper preservation thereof: and the full amount of rich and ryrry such payment
<br />shall be immediately due and payable and shall he set•ured by the lien of this mortgage.
<br />h. He will not volwrtarily create or permit to be created against the. properh~ subject to this nmrtgagr
<br />any lien pr liens inferior or superior to [he lieu of this mortgage without der written consent of the mnro-
<br />gages; and furtheq he will keep and maintain the same free from the claim of all persons supplying labor nr
<br />materials for ronstructiun of auy sort all buildings nr improvrnrente now b<•ing everted or to br rn•rted on
<br />said premises.
<br />i. He will no[ rent or assign any part of the rent n( said r u>rtgagrd property or demolish, or remove,
<br />or substantially alter arty building without the written consent of the nuxtgagrr.
<br />%. All awards of dmm~gee in connection with any condemnation (or public use of or injury u, anc of the
<br />property subject to this mortgage are herc6v assigned and shall he paid to mortgagee, who may apply the
<br />name to payment of the installments lust due under paid note, and rortgagee• is hereby authorized, in the
<br />name of the mortgagor, to execute and deliver valid acquittances thereof and to appeal (rum any such award.
<br />k. 1•he mortgagee shall have the right to inspect the mortgaged premises at any reasonable time.
<br />2. Default in any of the cavennnts nr ronditimrs of this instnunrnt ..r of the note nr loan .+gr. ~ nu-nt ... ed
<br />hereby shall [enninate the mortgagorR right to possession. use and enjo. meet of the proper... at tln~ nptbm nf~the
<br />mortgagee or hie assigns fit bring agreed that the moo gager shall hn. . rrh right unnl drfanh i_ t'pon am aurh
<br />defaulA the mortgagee shall berume the owner ref all of the rrnt.+ and profits a. wog ..free dr(,wh as s+.onn
<br />for the indebtedness secured hereby, with the right to enter upnr .aid pny.rnv font hr purpose of ~ nllrcting sm u
<br />rents and profits. This instrument shall operate as an assignment of any rentals nn said pmpc rn to that relent.
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