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81--)U2g26
<br />I. 11i6 eereatmte aed a;teea r fofle+n:
<br />e. He will P~aP~T Pay ~ indebtedtrew evidenced by acid promirory note at the times sad is the
<br />tnareat theaei$ prarided
<br />b. He will pay all taxes, aesrsateats, water rates, and other gorertrmental or mttaicipd charger, 6w», oe
<br />impoeiulfona, for which providoo has not been made herciabefore, and will P~tPH7 deliver xhe awl receipts
<br />therefor to the said nsortgage~
<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 mortgagce for the collection of any or all of
<br />the indebtedness hereby secured, or for foreclosure by mortgagee's Bale, or court proceedings, or in any other
<br />litigarion ar proceetlireg affecting said premises. Attorneys' fcea reasonably incurred in any other way shelf 6e
<br />paid by the mortgagor.
<br />d. For better security of the ind-btedner hereby secured, upon the request of the mortgagee, its errs
<br />ceaeors or assigns, he shall execute and delivers supplemental morgage or mortgagee covering any additioay
<br />improvements, or betterments made to the property hereinabove described : nd all property acquired by
<br />it after tits date hereof (ail in form astisfactary to mortgagee). Furthermore, should mortgagor fail to care
<br />say default in the pa}Trtent of a prior or inferior encumbrance on the property described by this inatrnmenq
<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 />terms and conditions.
<br />e. The rights created by this conveyance shall remain in full force and effect during any postponement
<br />or extension of the time of payment of the indebtedness evidenced by said promissory note or any part thereof
<br />secured hereby.
<br />f. He will continuously maintain hazard insurance, of such type or types and in such amoaate as the
<br />mortgagee maq from time io time require on the improvements now or hereafter on said property, and
<br />will pay promptly whw due m- premiums therefor. All innraace shall be carried in compattin aoceptabht
<br />to mortgagee and the polieia and cmewa4 thereof shall be held by mortgagee and have attached theeetn
<br />leas payable clataes in favor of aml in form aoceptabk to the mortgagee. In crest of Iota, mortgagor will giro
<br />immediate netfoa in writing to mortgagee, a~ mortgagee tttay make proof of loos if not [Wade P~P~y b7
<br />mortgagor, sad each imorsnce company raaeeraed i a hey authorised and directed to make payttrmt for such
<br />loss dinetly to mortgpgee instead of to mortgagor attd mortgagee jointly, sad the inmranoe proceeds, or any
<br />part thereod, may bs applied by mortgagee at iu option either to the redttetion of the indebtedner hereby
<br />aeeared or to rho :estaration or repair of the property damaged or destroyed In event of fortxhtaare of ibis
<br />mortytge, or other trraa:,:r of title to said property is extinguishment of the indebtedness severed hereby. all
<br />tight. title, and interest of the mortgagor in and to any imttraece policies then in loess shall par to the
<br />purchaser ar mortgagce or, at the option o[ the mortgagee, may be surrendered for a refund.
<br />g. He will keep all buildwgs attd other improvements on said property in good repair and condition;
<br />will permit, rommi4 or suffer no waste, impairment, deleriorrtion of said properly or any part thereof;
<br />in rho event of failure of the mortgagor to kcep the buildings on said premises and those erected on said
<br />premises, or improvements thereon, in good repair, the tortgagee may make such repairs as in its discretion it
<br />may dcem uecesaarv for the proper presewation thereof; and the fall amount of each and every each payment
<br />shall be immediately due and payable ,~ shell be secured by the lien of this mortgage.
<br />k. He will not volnntariiy create or permit to be created against the property subject to Chia mortgage
<br />any lien or Rena inferior or superior to the lien o[ this mortgage without the written consent of the mort-
<br />gagee; and further, he will kcep and maintain the same free from the claim of all persona supplying labor or
<br />materials for construction of any and ail buildings or improvements now being erected or to be erected on
<br />said premises.
<br />i. He will not real or assign any part of the rent of said mortgaged properly or demolish, or remove,
<br />or aubatwtially alter any building without the written consent of the mortgagee.
<br />j. All :wards of dam:gcs in connection 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 mIIy apply the
<br />same to payment of the inatalhucnta last due under said note, and mortgagee is hereby authorised, in the
<br />name of the mortgagor, to execute and deliver valid acquittances thereof and to appeal from any such award.
<br />f» The mortgagce shall hsve the right to inspect the mortgaged premises at any reawnabfe time.
<br />2. Default is say of the eovenaata err eonditioos of this instrument or of the Hate or loan agreement secured
<br />ltenehy;ehall,tereaiopte thpmorigagtir'a right to paaeeaaion, use, and enjoyment oC the property, at the option of the
<br />tpcestgrtgee or his axigtu lit being agreed that the mortgagor ahal! have such right until default). Upon any such i
<br />fault, the mortgagee ahalf become the owner of all ai the rents and profits accruing after default as security J
<br />f~ the ~ secured ltcreby, with the .right to eater upon acid property for the purpose of collecting such
<br />rants sad profits. The iwtrnmcnt shall operate u as ar~tigument of eny rcntaFa on said property to that extent.
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