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<br />1. The mortgagor eovenanta and agrem m follana:
<br />®. ~e will promptly pay the indebtea...._ evidenced by said prom~ory nuts at the tames and in the
<br />m,m~ theaein provided
<br />b. He will pap all razes, assee®enls, water rtes, and other governmental or municipal charge. fim, or
<br />impwitions, for which provision has not been made her+einbefore, and will promptly deliver the oicial receipts
<br />therefor to the said mortgagee.
<br />c. He will pay such 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 o[ any or all of
<br />the indebtedness hereby secured, or for foreclosure by mortgagee's sale, or court proceedings, or in any other
<br />litigation or proceeding affecting said premises Attorneys' fees reasonably incurred in any other way shall be
<br />paid by the mortgagor.
<br />d. For better security of the indebtedness hereby secured, upon the request of the mortgagee, its sac-
<br />ceesors or assigns, he shall execute and deliver a supplemental mortgage or mortgagor covering any additions,
<br />improvements, or betlermenta made to the property hereinabove described :nd all property acquired by
<br />it after the date hereof fall in form satisfactory to mortgagee}. Furthermore, should mortgagor tail !o cure
<br />any default in the payment of a prior or inferior encumbrance on the property described by this instrument,
<br />mortgagor hereby agrees to permit mortgagee to cure such default, litrt mortgagee is not obligated to do so:
<br />and such advances shall become part of the indebtedness secured by ehis instrument, subject to the same
<br />terms and conditions.
<br />e. Tine rights created by this conveyance, shall remain in €u^ force and effect during anv postponement
<br />or extension of the time of payment of the indebtedness evidenced by said promisson• note or any part thereof
<br />secured hereby.
<br />f. He will continuously maintain hazard insurance, of each 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 any premiums therefor. All insurance shall be carried in companies aoeeptable
<br />to moregagee and the policies and rmewabt thereof shall be held by mortgagee and have attached thereto
<br />lines payable clauses in favor of and in form acceptable to the mortgagee. In evmt of lass, mortgagor will give
<br />immediate notice in writing to mortgagce, and mortgagee may make proof of lass if not made promptly by
<br />mortgagor, and each insurance company concerne,l i s hereby authorized and directed to make payment for such
<br />loss directly to mortgagee instead of to mortgagor and mortgages jointly, and the inetuance proceeds, or any
<br />part thereof, may be applied by mortgagee at tie option either to the reduction of the indtbtedneae hereby
<br />secured or to the restoration or repair of the property damaged or destroyed. Ls event oI foreclosure of this
<br />mortgage, or other transfer of title to said property in e><ring~ent of the indebtedaeae secured hereby, all
<br />right, title, sad interest of the mortgagor in and to any iimrarance policies thin is €ortx shall pass to the
<br />purchaser or mortgagee or, at the option of the mortgagee, may be surrendered for a reftmd.
<br />g. He will keep all buildings and other improvements on said property in good repair and condition;
<br />will permit, commit, er suffer nc 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 rosy make such repairs as in ire discretion it
<br />may deem necessary for the proper preservation thereof; and the full amount of each and every such payment
<br />shall be immediately due and payable and shall be secured by the lien of this mortgage.
<br />k. He will not voluntarily create or permit to be created against the properly subject to this mortgage
<br />any lien or liens inferior or superior to the lien of this mortgage without the written consent of the mor4
<br />gages; and further, he will keep and maintain the same free from the claim o[ all persona 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 oC said mortgaged property or demolish, of remove,
<br />or substantially alter any building without the written consent of the mortgagee.
<br />j. All awards of damages in cormection with any condemnation for public use of or injury to any of the
<br />property subject to this mortgage are hereby assigned and shall be paid to mortgagee, who may apply ilte
<br />same to payment of the inatalhnenta last due under said note, and mortgagee is herebyauthoriaed, in the
<br />name of the mortgagor, to execute and deliver valid acquittances thereof and to appeal from any such award.
<br />k. The mortgagee shall have she right to inspect the mortgaged premises at any reasonable time.
<br />2. Default in anv of the covenants or conditions of this instrument or o[ She note or loan agreement secured
<br />hereby shall terminate the mortgagor's right to possession, use, and enjoyment u€ the property, at the option of the
<br />mortgagee or his assigns lit being agreed that the nwrtgagor shall have such right until default). Upon any such
<br />default, the mortgagee shalt become the owner of all of the rents and profits accruing after default as security
<br />for the indebtedness secured hereby, with the right to enter upon said property for the purpose of collecting such
<br />mats and profits. This inatruroent shall operate an art aesignmtnt o€ any rentals on said property to that extent.
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