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<br />L Tin oo-mmp and apnea r leliwrs:
<br />s. IIa wiL peomptty pal the iukhteier erideaeed by said prariswey ease at the sissies sad is tin
<br />tracer tlsereia peeided
<br />6. He will pay all taxes, assessm~ts, water rata, sad osier goveeameatal or mmir3Pal eiatyp, fines, r
<br />impositiatr, for which proviaioa hr cot bum nude 6erdebefare, sad will promptly deliver the ofdal reeeipea
<br />therefor to tie said mortgagre.
<br />c. Re will pay each expenses and fees as map 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 nay or all of
<br />the indebtedness hereby secured, or for foreclowre by mortgagee's sale, or court proceedfegs, or is any otter
<br />litigation or proceeding aAeeting said premises. Attorneys' fees reasonably incurred in spy other way shall be
<br />paid•by she mortgagor.
<br />d For better security of the indebtedner hereby secured, upon the request of the mortgagee, its no-
<br />censure or assigns, 6e shall execute and deliver a supplemental mortgage or mortgages covering any addition,
<br />improvements, or betterments made to the property bereiaabove described :nd all property aegnired by
<br />it after the date hereof call in form satisfactory [o 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 imtr+....n,.;
<br />mortgagor hereby agrees to permit mortgagee to cvrc such default, but mortgagee ie not obligated !o do eo;
<br />and each advances shall become part of the lndebtedneae secvrcd by this insttvmrn; subject to the came
<br />ttrma and conditions.
<br />e. The rights erected by this conveyance shall remain in full force and effect during any postpaaement
<br />or ezteasion of tl~e time o! payment of the indebtedness evidenced by said promissory note or any part thereof
<br />ensured hereby.
<br />j. He will continuously maintain haaard insurance, of nuc6 type or types and in such amounts as the
<br />mortgagee may from time to time require on the improvements now or hereafter on said properly, sad
<br />wiD pay promptly when dne any premiums therefor. All insurance shall be carried in companies acoeptabk
<br />to mortgagee sad the policies and renewals thereof shall be held by mortgagee sad hate attached thereto
<br />hw payable cLttar is iwor of and is torn acceptable to the mortgagee. In event of lot, mortgagor will give
<br />immediate notix in writing to mortgagce, and mortgagee may make proof of lar if not made promptly by
<br />mottpigor, and each inarance company eonxrtted is hereby aatltotiud and directed to make payment for sash
<br />htr diretxly to t inate~ of w mortgagor and ttaortgagee jointly, snd tie imaranee proceeds, or nay
<br />part thateaf, essay be applied by mottgrigrx at its option either w the reduction o[ thetndebtedaers bertby
<br />secured or W tit retROratioa or repair of tie property damaged or destroyed. In event of toreclowte oi' this
<br />mortgage, or otter tnosler of title m said properly in ertingwiahmeat of the indebtedrter scented hereby, rD
<br />right title, sad iattrat of the mortgagor in and to any inurame polieia ehtnt in Faroe eh:U par m the
<br />pureharer or mortgages ot, at the option of the mortgages, may be surrendered for a refund
<br />g. He v:~ll keep a13 buildings and ether improvements an acid property in good repair and eoaditioa;
<br />will perm's; ecanmi; or auHer no waste, impainnrn; deterioration of said property or nay part thereof;
<br />in the event a( failure of the mortgagor to keep the buildings oa said premises and those erected on said
<br />premises, or improvetnente thereon, in good repair, the mortgagee may make such repairs ae in iU discretion it
<br />may diem necessary for the proper preservation thereof; and the full amotmt 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 wilt rot voluntarily create or permit io be created against the property subject to this mortgage
<br />any lien or liens interior or superior to the lien of this mortgage without the written consent of the mort-
<br />gages; asd further, he will keep and maintain the same free from the claim of all persons supplying labor or
<br />mattrials for conetnretion of any and all buildings or improvements now being erected or to be erected on
<br />said premises.
<br />i. Hs will not rent or arign any poet of the rent of said mortgaged property or demolish, or remove,
<br />or sulatantiaily alter any building without the written consent of the mortgagee.
<br />j, All awards of damages in connection with one condemnation for public use of or injury to any of the
<br />prupt~rtq subject to this mortgage are hereby assigned and shall be paid to mortgagee, who may apply the
<br />same m payment of the intallmcats last doe under said note, and mortgagee is hrreby authorited, is the
<br />Hams of the mortgagor, to ezecute and deliver valid acquittaacee thereof and to appeal from any each award.
<br />k. 'the mortgagee shall have the right to inpect the mortgaged premises at asp reasonable time
<br />3. ihfanlt is aa} of the covenants or coad'ttions of thin intrument or of the note or loan agreement secured
<br />hereby shall terminate the mortgagor's right to posserion, we, and <n jovment of the property, at the option of the
<br />gaar~ttgte or hie srigaa lit being agreed that the mortgagor shall have such right until default). Upon any such
<br />ddaal; the mortg_a_aee shalt become the ow _ of all of e6_~ ors ..1 se. ,t.~ .terms.. t. _
<br />f9r the indebtedner seeurcd hereby, with the right to Inter upon said property for thespurpoee-of collecting .each
<br />rtrtta awl profits. Thin insttunreat stall operate r an sasigamrnt of nay rentals on said property to that extent.
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