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<br />81--(~(~~53U <br />1. 't'~osoed!~sreesuta..d ndeer...ts~ett.: <br />.. H. still promptly pay the iadebtedaen erideaeed bT wid prorissory note a the times satd a tRs <br />taaarer tiseeia ptttariaed <br />6. tie trill pay all lases, awasataenb, water rates, sad other goretaaseata! or mmieipal charffss, Spey m <br />for trhieh prvriiaa has tt+st btsaa ttase~ heaeiabeforq attd will promptly deliver the oSldal tatosipb <br />tltr m the ssid <br />c. Ho will pay each t:pettee~ amt fees as map be intuered in tht protection and mainttnance of said <br />property, iaeluding the flea of any attorney ea.ployed by the mortgagee for the collection of say or all of <br />the indebtednen hertbr s~ttred, or for foreclosure by mottgagrx'e Bale, or court proceedings, or in any other <br />[itigat(on or pratxeding aRecting .aid p:rmists. Attorneys' fees reasonably ineuered is any other wsr shall be <br />paid'by the mortgagor. <br />d. For better seeority of the iadebtedtter hereby assured, upon the request of the mortgagee, its aae- <br />eessoas or asst fps, 6e shalt taxcate and dtliver a supplemental mortgage or mortgages covering nay additions, <br />impsnrementq or bettermtltta made to the property bereinabove described :nd al! property acquired by <br />it after the date hereof fall in form satisfactory to mortgagee). Furthermore, shou}d mortgagor-fait to cure <br />any defanh in tits payment of a prior or in(crior encumbrance on the property described by this instrument, <br />mortgagor hereby agues to permit mortgagee to cure such default. but mortgagee is not obligattd to do so; <br />a~ such advatteea shall become part of the indebtedness secured by this instrument, subject to the same <br />terms and c~ditiotts. <br />e. The rights erealtd by this conveyance shall remain in (ulI force and effect during any postponement <br />or eaaeasion of the time of parmeat of tbe indebtedness tvidtnced by said promissory note or any part thereof <br />aeeaeed hereby. <br />f. Ae will continuously maintain hasard insurance, of such type or types and in such amounts ae the <br />mortgagee may from time to time require on the improvements now or hereafter on said property, and <br />trill Pay P~P~y when d~ say premiums therefor. Alf insnratax shall be careied in compaais aexeptable <br />to mnetaagee sad the policier a~ reaevrsds thereof shelf be bell by mortgagee and hate attached thereto <br />loss payable dames is favor of sad in foem aeeeptabb to the mortgagee. fn crest of lot, mortgagor will give <br />immediate cooties is writing to mortgagee, a~ ~regagee may make proof of loan if ~6 made ptemptly by <br />a~ eadt iasnraase oaaapaay coaoeraed is hereby authorised sad directed to makes payment for such <br />Mss duectly to mottg~ss instead of to sad mortgagee jointly, sad the imonaea prooeedy or any <br />peel aharesf. may ba applied b7 emortgagee at iu optian either to the redttetioa of the indebtedness hereby <br />seeurod. ~ to the testaratian or repair of the property dameged or deNroycd. In event of foreelasare of this <br />taortp(gtr, or other lraaster of title to said Property in extingughmeut of the indebtedness securod hereby, all <br />sight, title, sad inteaest of the mortgagor is and to any imuraaoe policies then in [Dare shall pass to the <br />puadtaeser or mortgagee or, at the option oI the mortgagee, may be surrendered for a refund. <br />g. He will kelp art baildinga s~ other iaaprovemenu on said property in good repair and condition; <br />will permit, estit, or suffer see waste, impsitntent, deterioration of said property or any part tltereo[; <br />in the event of faifure of the mortgagor to keep the buiidittgs on said premises and those erected on said <br />premisd, or iwpreveaseats thereon. is good repair. the mortgagee may make such repairs as in its diecretioa it <br />may dews necessary -for the proper prcaerration thereof; sad the full amount of tech and every such payment <br />shsN=be imsrttedistely due and payable aatd shall he secured by the lien of this mortgage. <br />G. !fe will not vohtatarily create or permit to 6e created agaimt the ptopertp subject to this mortgage <br />any fiaat_ or iienr inferior ar swpcrior to the lien of this mortgage without the written consent of the mort- <br />gapaa; sad. further, he_ will keep sad maintain the saute free from the claim of alt-persons supplying labor or <br />materiab far co+utrttetioa of say sad a!1 buildiagr or improvements now being erected or to be erected on <br />said premises. <br />i. At will sot real or assign any part of tbe real of said mortgaged property o¢ demolish, or retawvc, <br />oa substaatiatty niter any building v.ithout tbe written consent o[ the mortgagee. <br />j. All awards of dataages in conaeetion with any condemnation for public use of or injury to say of the <br />paopsrtr anb~'^t m this mortgage are he_r~y essigned and shall be paid to mortgagee, who [nay apply the <br />sates to paymmt of the iaseallmeaq last due umler said note, and mortgagee is hereby aut~wrisatl. in the <br />same of the mortgagor. to execute and deliver valid acquittances thereof and to appeal from any such award. <br />k. The mortgaged shalt have the right to iaupeet the mortgaged premises at soy reaaonabte time. <br />2. U+sfrtult_ ip any of Lhd eovenanta or conditsotts of this. itutrument or of the note or loan agreement secured <br />sbalt.~saRe the aaoregagor i ai~t to poression, ~. artd enjaprnent of tht property, at the option of she <br />rltmst~a~oe or his esaigaa fit being agreed that tlm mortgagor shalt have such right until default}. tlpoa say sash <br />dRfattlR-the saortgaS.es shill become the owner of all of the rents sad pro$t: accruing after default u security <br />fyr tits io~bte+bapw secured bet'elisy. with the right to otter npoa said property (or the purpose oil eolleeting such <br />t~lata sad pro~r. This iftuapmt shalt operate as as .as,ntt o!. say reatsL oa said panperty to drat crcteat. <br />