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1. The rnortgrdor aa.eaaaffi and agrees «folktvat 81---G 0 ~ 5 ~ i
<br />a He will pammP~7 Pal the imlebtedneas evidenced by said promissory note at the lima a~ is the
<br />tnanaer tbertaia previdaf
<br />i5: Ha will pap all tars, aarsrmmts, water rats, and outer governmental or mnnieipal ~targar, fineq oe
<br />impo~ti~a, for which provision hs rsot boas made here%nbefore, sad will promptly deliver the oll5cial receipts
<br />therefor to flue said mortgagee.
<br />c. He will pny such expenses and fees as may be incurred in the protection and maintenance of said
<br />praperty, including the fees of any attorney employed by the mortgagee for the collection of any oe alt of
<br />the indebtedness hereby secured, or for foreclosure by mortgagee's sale, or court proceedings, oe in any other
<br />litigation or proceeding affecting said premises. Attorneys' fees reasonably incurred in any other way shelf be
<br />paid bq the mortgagor.
<br />d. For better security of the indebtedness hereby secured, upon the request of the mortgagee, its eao-
<br />cearora or assigns, he shall execute and deliver a supplemental mortgage or mortgage covering any additions,
<br />improvements, ae betterments made to the property hereinabove decribed :.nd all progeny acquired ley
<br />it after the date hereof (all in form satisfactory to mortgagee}. Furthermore, should mortgagor fail to cure
<br />any default in the payment of a prior or inferior encumbrance on the property described by this inetrumenq
<br />mortgagor hereby agrees to permit mortgagee to cure such default but mortgagee ie not obligated to do so;
<br />and each advances shall become part of xhe indebtedness secured by this instrument, subject to the same
<br />terms and conditions.
<br />e. The righffi created by this conveyance shall remain in full force and eRect during any postponement
<br />oe extension of the time of payment of the indebtedness evidenced by said promissory noes or any part thereof
<br />secured hereby.
<br />f. He will continuously maintain hazard 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 />will pay promptly when due anq premiums therefor. All ittenranx shall be eacried is companis acceptable
<br />to mortgagee and the policies and renewals thereof shall be held by mortgagee and have attached thereto
<br />htea payable claass is favor of and' in form atxxptable to the mortgagee. Itt event of loss, mortgagor will give
<br />immediate notice in writing to mortgagee, and mortgagee map make geoof of loos if not made F~P~y b7
<br />mortgagor, and etch iaauranee twmpanq ~neerned is hereby authorixed and directed to make payment for such
<br />hta3 directly to mortgagee instead of to mortgagor and mortgagee jointly, and the inenrsnee groceede, or say
<br />part thereof, may be applied by mortgagee at its option either to the red~don of the indebtednss fiereb7
<br />secured or to the astorati~ or repair of the property damaged or dstroyed. In event o[ foraelasare of thin
<br />mortgage, or other tramfer of title to said prnperty in extinguishment of the indebtedness secored hereby, all
<br />right, title, and iateroet of the mortgagor in and to say insurance policis the in force shall peas to the
<br />purchaser or mortgagee 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 />wfli permit, commit, or suffer ao waste, impairment, deterioration of said property or any part thereof;
<br />in the event of failure of the mortgagor to keep the buildings on said premises and those erected on said
<br />premises, or improvements thereon, in good repair, the mortgagee may make each repairs as in its discretion it
<br />may deem necessary foe the proper preservation thereof; and the full amoaat of each and every such payment
<br />shall be immediately due and payable and shall be secured by the lien of this mortgage.
<br />$. He will not voluntarily create or permit to be created against the property subject to this mortgage
<br />any lien or liens inferior ar superior to the lien of this mortgage without the written consent of the mort-
<br />gages; and furtheq he will keep and maintain the same free from the claim of all persons supplying labor or
<br />materials for construction of any and all 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 awbataatially alter any building without the written consent of the mortgagee.
<br />j. All awards of damages in connection with anp condemnation for public use of or injury to any of the
<br />property subject to this moatgage are hereby assigned sad shat! be paid to mortgagee, who may apply the
<br />setae to payment of the inetalbmeuffi last due undee said note, and mortgagee is hereby authorised, in the
<br />name of She mortgagor, to execute end deliver valid acquittances thereof and to appeal from any such award.
<br />k. The mortgagee shall have the right to inspect the mortgaged premiss at any reasonable time
<br />2. Default in say of the covenants or conditions of this instrvment or of the note or loan agreement secured
<br />hereby shall terminate the mortgagor's right to posseasian, tree, and enjoyment of rite property, at rite option of the
<br />mortgagee or his assigns (it being agreed that the mortgagor shah have ouch right until default}. iJpon any such
<br />defauh, the mortgagee shall become the owner of all of the rents and profile accruing after defaule as security
<br />for the iadebtedtuss secured hereby, with the right to cater upon acid property for the purpose oI collecting such
<br />rents and proSffi. This instrument shall operate as an assignment of arty rental on acid property to that a:tent.
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