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<br />81-rr~ f~ ? .x.1:3
<br />L ~r.:.~.~r~.~.a~tuaa~aa.a.a~ttr.:
<br />.. ~ iris x wr ~ iadebtedses. evidenced by .aid pr~s®traty note .t the tla..da .. cha
<br />., r . -
<br />~, triu.p~ atilt ta>Qe, .aae.ttuenta, waE~ salsa, ~d oel~er go.~emeatt or t~3eip.I ~ar~, i
<br />~petdtiem, for trh~i peovbiun Ira. nat3 been made lsetrois~efort. and watt ptmptly defier t9s aidil
<br />ttsereiar to the aid moetgtteee.
<br />c. He will pay such expenses and fees as may be incurred in the protcetioa and maiateaanee of said
<br />property,-iacludiusg the fees of any attorney employed by the morigsgce for the collection of say or al! of
<br />the indebtedner hereby accused, or for forecloeun by mortgagee a Bale, or court psaceedinlgy or is any other
<br />litigation or proeeediag aReMing said premises. Attorneys' fees reasonably incarred in say other wayahaR be
<br />paid by the mortgagor.
<br />d. For barest security of the itsdebted~r hereby second, upon the tegmst of the matgttgeq-iu.aaa
<br />ceasoss or assigns, he shall execute and deliver a eupplementa) mortgage or=mortgaga severing say udditiaua,
<br />iti-pra+<emeata, or beUermeata made to the property henirtabove described :red all property ae~ired-by
<br />it after'tht daft hereof- (all in form satisfactory to morigagce). Furthermore, ehoold morigaga fail to ctne.
<br />mty'deianlt in the payment of a prior or inferior eaeumbrarrce on the property described by thin iaatrameat..
<br />mortgagor hereby agrees to permit mortgagee to cure such default. but mortgagee is not obligated to do eo;
<br />and such advances shall become part of the indebtedness secured by this instrument, subject to the same
<br />etyma sad conditions.
<br />e. The rights created by this conveyance shall remain in full force and eBect during any postponement
<br />or extension of the time of payment of the indebtedness evidenced by said promissory note or any part thereof
<br />scented hereby.
<br />f. He will continuously maintain hazard insurance, of each type or types and in such amounts as the
<br />mortgagee mar' from time to time require on the impta~:ements now or hereafter on said property, and
<br />wiR pay promptly when tint soy preminau tbenfor. AI- imwraaee shall be carried in companies aoceptable
<br />to mostgagx, and the policfea and reaewaL thereof shall be held lay mortgagee sad have attached thereto
<br />lass payable dames in favae of add is form acceptable to the mortgagee. In avast of loss, mortgagor will give
<br />immediate settee in writittg to mortgagee, sad mortgagee may matte proof of low ii sot made promptly by
<br />mortgagor, amt each iasnraace company rnaceraed is hereby authorised sad directed to make payment for such
<br />for directly to mortgagee instead of to mortgagor sad mortgagee jointly, and the inetuance proceeds, or say
<br />part thereof, may be applied by mortgagee st iu option either to the eduction of the iadebtedner hereby
<br />secured m to the sestontioa oc repair e[ the property damaged or drtroyed. In event of forcelaaare of this
<br />awrtgage. or other iramier of title to said property is a:tiaguishmeat of the indebtedner secured hereby..:!
<br />righe, title, sad iatet•rt of tht mortgagor is and to ary insurance policies then is tone rhall par to the
<br />purchaser or morigagce or, at the option of the mortgagee, may be enrrcadered for a refund.
<br />g. He will kelp 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 theeol;
<br />in the event of failure of the mortgagor to keep the buildings on said premises and those erected oa said
<br />pemisea, or improvements thanes, in good repair, the mortgagee may make such repairs as in its diecrttioa it
<br />may dcem necessary for the proper preservation thereof; sad the Full amount of each and every each pavmeat
<br />shall be immediately due and payable and shalt be secured by the lien of this mortgage.
<br />h. Ht will not voluntarily orate or permit to be created against the property subject to this mortgage
<br />any lien or 1'eene inferior of superior to the lien of this mortgage without the written consent of the mort-
<br />gagee; and further, lee will keep and maintain. the'same free from the claim of alt persons supplying Tabor or
<br />materials for eonatruction o[ env and all buildings or improvements now being erected or to be erected on
<br />said pnmixs.
<br />i. He will not rent or assign any part of the rent of said mortgaged property or demolish, or remove,
<br />or suhstantially alter any building without the written consent of the mortgagee.
<br />j. All awards of damages in connectiea with any condemnation for public use of or injury to say of the
<br />'propecty'aubjsfit to this mortgage are"hereby arigned and shall be paid to mortgagee: who-may-apply the
<br />satire to payment of the imtl,IlmenL last doe under said nett, and mortgagee u hereby authorimd,,in.the
<br />name o[ the mortgagor, to execute and deliver valid acquittances thereof and to appeal from any such award,
<br />la. The. mortgagee shall have the right to inspect. the mortgaged premises at any reawapble time,,.
<br />2. lkfauM fn say bf the CaWenants nr COndillon6 OE thts instrument or of thr note or loan agreement second
<br />her°ehall tErtninate the tnortgagar's right to possession, rue, and rnjovment of the property, at the option of the
<br />mortgagee or his.aasigats {it being agreedthat the mortgagor shat! have such right until drtsult}• [ipon any each
<br />1lsfault, the martitagtt shat! became #ht owner of ail of the rents and profits accruing after default as security
<br />-far tlur indebtedticas essayed hereby, with the right to eitirr upon said property for the purpose of cailteting such
<br />iypnt( sad profttit.'Fhia iruttumen{ shall opnra,ts as as aisigtuneat aiauty rentals on said property to that ratrnt.
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