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<br />L The mertgysr eerwtaew and ag«+t r frflsoa:
<br />s. Ha will Pt'emPti7 Pal the iadebtedaer evideaeed by sad prasissary Dote at the tiers and is for
<br />> thwria provided
<br />6. He will pay all taxes, rresa~mw, water rrtce, aad other ganermaental a mtmtdpal ehargay f®ey or
<br />impasitiotts, for which ptoviafata hr art hem taade heteinbefore, sad will Prosptl7 delir~ the oioal teeeipY
<br />therefor to the acid ntortgsgee.
<br />c, He will pav each expenses and fees as may be ittcurnd in the protection and maintenance of said
<br />property, including the fees of any attorcey employed by the mortgagce for the collection of wq or all of
<br />the indebtedness hereby secured, or for foreclowrc by mortgagee's sale, or snort proetedings, or in any other
<br />litigation or proceeding affecting wed premises. Attorneys fees reasonably incurred in any other way ehaR be
<br />paid by the mortgagor.
<br />d. For better seeuriry of the indebtsdnew hereby aceured, upon the regnesl of the mortgagee, its wa
<br />cesaore or swigns, he shall execute and deliver a euppiemmtal mortgsge or mortgages covering any additiory
<br />improvements, or betterments made to the property hercinabore described : nd all property acquired by
<br />it after the date hereof fall in form aatisfaetory to mortgagee). Furthermore, should mortgagor fail to care
<br />any default in the payment of a prior or inferior encumbrance on the property described by this irmtrument,
<br />mortgagor hereby agrees to permit mortgagee za cure such default. htn mortgagoe is not obligated to do eo;
<br />and wch advances shall become part of the indebtedness seemed by thin instrument, anbject to the samt
<br />terms and conditions.
<br />e. The rights created by this conveyance shall remain in full force and effect during any poetponemept
<br />or extension a( t.l+e time of payment of the indebtedness evideo~rd by said promissory note or any part thereof
<br />eecntrral herebv.
<br />/. He will continuously maintain haxanl insuraare, of such type or types aad in such amounts ae the
<br />mortgagee may from time to time require on the improvements now or hereafter on said property, and
<br />will pry promptly when due any premiutos therefor. All insurance shall be umed in compaaiea aoreptabk
<br />to mortgagee sod the policed and reaewaL thereof sball be held by mortgagee and bare attached therein
<br />loss payable clams is favor of and in form aecepubk to the mortgagee. In event of low, mortgaptr will giro
<br />immediate aotia is writing to mortgagee, sad mortgagee may make proof of for if not made P~Pti7 b7
<br />mortgagor, aad each imarwce company concerned is hereby authorized and directed to make payment for arch
<br />loss directly W mortgagee instead of to mortgagor and mortgage jointly, and the imarance proeta:de, or any
<br />part tlreteof, troy be applied by mortgagee at eta option aitber to the reductim of the indebtedner hereby
<br />aeoared or to the testoratioo or repair of the property damaged. or destroyed. In event of foreokwro of thin
<br />t+sortgage, ur other trawler of title to said property in extinguishment of the iadebtednew secured htreby, all
<br />tsgh4 title. and interest of the mortgagor in and w any iwnrsnee policed then in !area shall par to the
<br />parrhaser ar mostgagce or, at the option of the mortgagee, may be sureeadered Coe a refund.
<br />g. He will keep all buildings and other improvements an said property in gaud repair and condition:
<br />will perrpit, commit, ar wffeT no waste, [mpaerment, dCteRbPetlan of said property or any part thereof;
<br />3n the event of failure of the mortgagor to keep the buildings oa said premises and those erected on said
<br />premises, or impraven+mts thereon, in good repair, the mortgagee may make such repairs as in its discretion it
<br />may deem necewary for the proper preservation thereof; and the full amount of each and every eoch payment
<br />shall be ivtmediately due and payable aad shall be secured by the lien of this mortgage.
<br />h. He will not voluntarily crate or permit to be created against the property subject to this mortgage
<br />any lien ar liana inferior or superior to the lien of this mortgage without the written consent of the mort-
<br />gagce; and furtheq he wilt keep and maintain the wme free from the claim of all persons supplying labor or
<br />materials (or wrwiruction of any and atl buildings or improvements now being erected or to be erected on
<br />said premises.
<br />i, He will not rent or assign any part of the rent of said mortgaged property or demolish, or remove,
<br />or anhatantially alter any building without the wriuen 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 sad shall be paid to mortgagee, who may apply the
<br />aama to payment of the installments last dtu under said ate, and mortgagee is hereby authorized, in the
<br />name of the mortgagor, to execute and deliver valid acquittances thereof and to appeal from any wch award.
<br />&. The mortgagce shall have the right to inspect the mortgaged premises at anc reasonable time.
<br />2 Default in any of the covenants m conditions of this ioatcument or of the note or loan agreement secured
<br />herr~ sb+ll terminate the mortgagor"s right to poueasion, use, aad enjoyment of the property, at the option a[ the
<br />tttortaagee of his awigne (it being agreed that the mortgagor shall have each right until default). Upon any such
<br />ddattlt, the mortgagee shall become the owner of all of the rents and profits accruina_ after default as security
<br />lar the indebtedness secured ttercby, with the right to enter upon said property [or the purpose. of collecting ouch
<br />rapta and profiu. This iaatrument shall operate as an aetugmm~mt of any rentals on acid property to that extent.
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