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<br />a. g'be ttpetgagor eovenanta aetti ogres as fettows: $ ~ ..~.. 4 (+ 0 5 5 4
<br />`' Lard ~. , fi~ r=7 '..rt;: ,~ .,_ .,-.as;r="€
<br />a. $e will promptly pay the indebtednew eridtuoed by acid prmnirary ~te+ at the times and is the
<br />saw therefn provided
<br />b. Her will pay aU rases, rtresamenu, waterc rates, and other governmental oa municipal charger, flossy er
<br />1®paetions, for whiedr praviaert has ace been soda hereinbetore, sad will promptly deliver the o6ciri reoeipta
<br />theredoe to the said mortgagee.
<br />c. He will pay wch expenses and fees as may be incurred in the protection and maintenance of said
<br />properiy, including the fees of any attorney employed by the mortgagee for the collection o[ any or all of
<br />the indebtedner hereby secured, or for (oreclowre by mortgagee's sate, or court proceedings, or in any other
<br />litigation or proceeding affecting said premises. Attomeyd fees reasonably incurred in'any other way shalt be
<br />paid by the mortgagor.
<br />d For better security of the indebtedness hereby eecurod, upon the request of the mortgagee, its we-
<br />ceseon or assigns, he shall execute and deliver a supplemental mortgage or mortgagee covering any additions,
<br />improvements, oe betterments made to the property hereinabove described znd all property acquired by
<br />it after the date hereof (ail in form satiaCactory to mortgagee). Furthermoro, should mortgagor sail to cure
<br />any default in the payment of a prior or inferior encumbrance on the property described by this inatrrraent,
<br />mortgagor hereby agrees to permit mortgagee to cure wch default, birt mortgagee is not obligated to do eo;
<br />and wch advances shall become part of the indebtedness secured by this instrument. subject to-the same
<br />terms and conditions.
<br />e. The rights created by this conveyance shall remain in full force and effect during any postponement
<br />or exteoeion of the time of payment of the indebtedness evidenced by said promissory note or any part thereof
<br />secured beroby.
<br />j. He will continuously maintain hazard insurance, of such type or types and in aueh amounts as the
<br />mortgagee may from time to time require on the improvements now or hereafter on said property, and
<br />tvill Pal Promptly when dne any premiums therefor. AU innurance shall be curled in ~paaies aeeeptable
<br />to mortgagee and the policies and tmewals thereof shall be held by mortgagee and have attuned thereto
<br />Ions payable clamr is favor of and in form aoxptable w the morgrgee. Ia event of lass, mortgagor will give
<br />immediate satire is writing to mortgagee, and mortgagee may make proof of for if not made promptly by
<br />mortgagor. sad each inanraace company concerned is hereby anthoriaed and directed to make prymeaat for emch
<br />loss directly to mortgagee instead of to mortgagor and mortgagee jointly, sad the iawrantx proceeds, or any
<br />part t)ma+eof, may be applied by mortgagee at iU option either to the redvctioa of the in&btednese hereby
<br />secured oe to the reataratioa or repair o[ the property damaged or destroyed. In event of foeeelowee of Lois
<br />mortgage, or other traasfer of titlo to said property in ~~ Mhment of the indebtedness seeaeed hereby, all
<br />right, title, sad interest of the mortgagor in and to any inuraue policir thm in force shall par to the
<br />puechasee or mortgagce or, at the option of the mortgagee, may 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 suffer no waste, impairment, deterioration of said property or any part thereof;
<br />in the event of failure of the mortgagor to kcep the buildings on said premises sod those erceted on said
<br />premises, or improvements thereon, in good repair, the mortgagee may make such repairs as is its discretion it
<br />may deem necessary for the proper preservation thereof; and the fuU amount of each sad every aueh psymeat
<br />shall be immediately due and payable and shall be secured by-the Lien of tbis mortgage.
<br />k. He will not voluntuily create or permit to be created against the property subject to this mortgage
<br />any lien or lien inferior or superior to the lien of this mortgage without the written_cooeent of toe mort-
<br />gagce; and further, he will keep and maintain the sours free from the claim oI all petroone wpplying labor or
<br />materials [or construction of any sad all buildings or improvements now being- erected or to be erected on
<br />said premises.
<br />i. Ha will not resat or assign any part of the rent of said mortgaged property or demolish, or remove,
<br />or subetantiaily alter any building without the written consent o[ the mortgagce.
<br />j. All swards of damages in correction with any condensation for public use of or injury to any of the
<br />property subjexK to this mortgage are hereby assigned and shall be paid to mortgagee, wbo map apply the
<br />same to payment o[ the iastaUmeats last dne under said note, and morigagoe is hereby authorised, in the
<br />Hama of the mortgagor, to execute and deliver valid acquittances thereof and to appeal from any such award.
<br />k. The mortgagee shall have the right to inspcet the mortgaged premises at any roaeonabh: liens.
<br />2 Default is any of the coveaaMe or conditions of this instrument or of the note or loan agreement secured
<br />herohy sha1D-teratiuaie the mortgagor s. right m poseeasion, use, and enjoyment of the property, at the option of the
<br />mortgagce or his assigns (it being agreed that the mortgagor shall have eurh right until default). Upon any each
<br />dsfatfl4 else mortgagee shall become the owner of all of the rents and profits accruing after default as security
<br />for the iadebtedner securod hereby, with the right to eater upon said property for the purpose b[ collecting such
<br />[md and profits. This instrument shall operate as an arigument of say renu4 on said property to that extent.
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