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I. 1Ue eos~enanb and agrees at fadlearaz ~ ~ ..~.. `} ~ ~ } J i;
<br />_ m -. -.- , ., . n _ -. .. ~ t .r - ,
<br />a. He wilt peomptly pay the indebtedner evfdmoed by said promirory sae at the times and is the
<br />* previded
<br />i. He will pay ati fazes, meeasmvmta, weer calm, and other goveremeatal or mnaicipal ehar®a, fines, az
<br />imppit%osa, Lot wltioh previaies has sot ltem ands hereisbetore, and will promptly deliver the oieial receipts
<br />thet~or to the said mortga®ee.
<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 herby secured, or for foreclowee by mortgagee's sale, or court proceedings, or is eny other
<br />litigatim or procxding affecting said premises. Attmneye' fees reaaonsbly incurred in soy other way eha116e
<br />paid by t~ mortgagor.
<br />d For better security of the indebtedness hereby secured, upon the request of the mortgagee, its we.
<br />ceaaota or aroigna, he shall execute and deliver a wpplemental mortgage or mortgages rnvering any additioro,
<br />improveme./te, or betterments made to the property hereinabove described :nd all property acquired by
<br />it after the date hereof (all in form satisfactory to mortgagee). Furthermore, should mortgagor fail to cure
<br />nay default is the payment of ^ prior or inferior eneumbrana on the property deeeribed by this imtmment,
<br />aaortgagoe hereby agrees to permit mortgagee to cure each default, but mortgagee is nor obligated to do eo;
<br />and wch advances shall become par[ of the indebtedness secured by this instrument, wbject to the same
<br />terms and eonditiorts.
<br />e. The rights created by this conveyance shall remain in full force and effect during any postpmemmt
<br />or extension of the time of payment of the indebtedness evidenced by said promissory note or any part thereof
<br />eeenred hereby.
<br />J. He will continuously maintain hazard insurance. of such type or types and in such amounts ae the
<br />mortgagee may from time to time regnire on the improvements now or hereafter on said property, and
<br />rfin Pal 1~Pri7 when doe any premitrma therefor. All irenraaee shall be carried is companies aeceptabte
<br />ui mortgagee and the policies and renetreL thereof ahal! be held by mortgagee awl have attached thmeto
<br />lane payable dames in tarot of sad in form atbeptabk to the mortgagee. la event of lose, mortgagor will glee
<br />immediate entice in writing to mortgagee, acid mortgagee may make proof of loos if ~t made P~Priy by
<br />moatgapDr a~ each inwrmee company oaocerned is hereby auihoriaed and directed w make payment for wdt
<br />last directly to mortgagee instead of to mortgagor and mortgagee jointly, and the iowrance proceeds, or any
<br />part thereof. may be applied b! mortgagee at its optiog either to the redec6i~ of ~i~eidsbtsrlneaa ~-'eby
<br />aeenred or to the restoration or repair of :he property damaged or destroyed. In event of toreclotate of ihia
<br />mortgage, or other transfer of title to acid property in eztiagniahmeat of the indebtednear aecared hereby. aD
<br />right, title, awl ineereat of the mortgagor in and to any insurance policies then in force shall peen to floe
<br />purchaser or mortgagee or, at the option of the mortgagee, may be earrendared for a refund.
<br />g. Ht will keep all buildings and other improvements on said properly in good repair and conditias;
<br />will permit, commit, or w8er rte waste, impairment, deterioration of said property or any part thereof;
<br />in the event of failure of the mortgagor to kceP the buildings oa said premixs and those erected oa said
<br />premieea, or improvements thereau, in good repair, the niortgagce may make such repairs as in its diecretian it
<br />may deem neemeary for the proper preservataon thereof; and the full saiount of each and every wcli payment
<br />shall be immediately due sad payable and aball be secured by the lien of this mortgage.
<br />'A. He will not voluntarily creue or permit to be crated against the property subject to this mortgage
<br />any lien or liew interior oa superior to the lien of this mortgage without the written consent o[ the mort-
<br />gagee; and further, he will keep awl maintain the seine frex from the claim of all persons supplying labor or
<br />materials for eoastruction of nay and all buildings or improvemmta now being erected or to be erected on
<br />said premises.
<br />i. Ha will not rest or aaaign any part of the rent of said mortgaged property or demolish, or remove,
<br />or euMtantialiy alter any building without the written consent of the mortgagee.
<br />j. All awards of damages in coaaeetioa with any condemnation for gublic use of or injury to any of the
<br />ProP~y ~j~ to this mortlta6e ue ~bY assigned and shall be paid to mortgagee, who may apply the
<br />name to payment of the inatsilmenu loaf due under said note, and mortgagce is hereby aalhorised, in the
<br />name of the mortgagor, to execute and deliver valid acquittances thereof and to appeal from any such award.
<br />k. The mortgagce shall have the right to inspect the mortgaged premises at say rearoaable lima.
<br />Sz. IAsfaith ig nay of [he covenants or eonditious of this instrument or of the note or loan agreement secured
<br />1~ereiy ahaH tarminNO the mortgagor a right to pasaeasion, use, sad enjoyment of the property, at the option of the
<br />mortgagee or his arigos (it being agreed that the mortgagor nhsit have aueh right until detattlt). Upon any such
<br />detartlt, the mortgageF shall became rho owner of all of the rents and profits accruing after default ae security
<br />tea the s aeeurayl hereby, with the right to etttar tipoa Bait! property for the pyrpose of collecting aueh
<br />t±etatr and pr»ft4. Thin isatrtameat shall operas. w an raaig:xmsttt of nay rmtala an said property to thu eztmt.
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