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~1--- UU3~~~ <br />1. '[Lo reestgt~ee esveaaaos aa~ ttgteaa as falbw: <br />a. $s trill pro®Ptty Pal the iadebtedaesa ev-..iced by said praoirory auto at the [taco and iaa the <br />ttttttttttsc thpe~ pra~vEdad <br />it. $e will pay all taaae, useaepenta+ water rates, sad other goyeresnenul or mtmicipai cltargeo, Saes, ar <br />itapaei~eae, tae whkh pra+irioe hp sot Lsea satle hereiabof+are, sad will promptly delivx thn ofiaial teadpu <br />they to the paid taortgagse. <br />c. He will pay ouch a:penses and fees as may be incurred in the protection and mainteeasce of acid <br />properly, including the fees of any atiorttey employed by the mortgagee for the coficetion of any or all of <br />the indebtedness hereby secured, or for force{owro by mortgagee's axle, or court proceedings, or in any other <br />litigation or proceeding aBecting said premises. Attorneys' fees roasonabiy incnrted in any other way shall 6e <br />Paid by the mortgagor. <br />d. For better security of the indebtedttesa hereby secured, upon the request of the mortgagee, iu ens <br />ocasore or assigns. 6e shall e2eeute and delivers supplemenul mortgage ar mortgagee covering any additiorm, <br />improvetttenta, or betterments made to the property hereinahove described : nd all property acquired by <br />a. ~ +t•. d.r t.arenf tall in iorm satiefactory to mortgagees. Furthermore, should mortgagor fail to cnx - <br />asy- default in the payment of a prior or inferior encum ranee on t e pro r ~ ~ -~ ~ ~ -~ - <br />mortgagor hereby agrees to permit mortgagee to cure such default. but mortgagee is not oblig:eed to da eo; <br />and melt advsetces shall become part of the indebtedness secured by this instrument, subject to the rime <br />terms sad conditions. <br />e. 'lyre rights created by this conveyance shall remain in full force and effeM during sny postponement <br />or extension of the time of payment of the indebtedness evidenced by -aid promissory note or any part tftertof <br />secured berobY. <br />). He will continuouety mainuin hazard inaurancc. of each type or types and in such amounts as the <br />mortgagee mar from time to time require on the improvements now ar hereafter on said property, and <br />will Pay P~Pd7 when due say premiums therefor. AU itaaranee shall be carried is rmmpaauee aceeptahle <br />m mo~rtga®se and the policin oust remwaL ther~f shall be bald by morlgagee and have auaehed thereto <br />loos payable cl:aeee is favor of sad in iorm aooeptabk to the mortgagee. !n event of lash mortgagor will give <br />notice in writing to mortgagee. sad mortgagee mar make proof oC bas if aat made promptly by <br />mvttgtysr, sad earl[ ittsuranea aosopany oonaerned is hereby authorised sad directed to [oaks payment for stteh <br />lop diroeefy w awstgagee instead of to mxsgu~or sad mortgagee jointly, sad the imnrasce Proeeeda, or any <br />pact tltsaeof, roar; be apPlkd by aseregag+ee at its option eit~ to the redvctioa of the iadebtedttpe hereby <br />scooted or to rho reetaruioa or repair o[ the property damagai ar destroyed. In event of foreciowre of tba <br />taarfgage, or othp tranefar of title to said property in e:tinguiabmeat of the iadebtedtter seeated hereby, all <br />rigb4 title, sad iatereet of the ntertgagor in sad to any itrwra~e policies tbtsa in foroe shall pap w the <br />pnacbaeer or mortgagee or, at the option of the mortgagee. may be surrendered for a refund. <br />g. He will keep all buildings attd other improvemenW on said property in good repair and condition; <br />will permit, commit, or euffer no waste, impaitmcnt, deterioration of said property or any part thereof; <br />is the event of failure of the morigagoe !o keep the buildings on acid premises and those erected on acid <br />premises, or improvetttenu thereon, in good repair. the mortgagee may make s,uh repairs as in its dieeretiou it <br />may deem ncccrary for the pmptr preeervatioa thereof :and the full amount of each and every such payment <br />shall 6e imtaediately due and payable and shall be secured by the Lien of this mortgage. <br />k. He will not voluntarily create or petatit W be eroated agaimt the property subject to this mortgage <br />any lien or liens inferior or superior to the lien of this mortgage without the written consent of the mori- <br />gagee: and further, he will keep and mainuin rho uamt free from the claim of ail persons rupplying labor or <br />materiab (or construction of any and al! buildings or improvemenu now being erected or to be, steeled on <br />acid premises. <br />i. He will not roar or assign say part of the teat of said mortgaged property or demolish, or remove. <br />or snbetsatialiy after any building without the wrium consent of the mortgagee. <br />j. Aft awards of damages in coattection with any condemnation for public use of or injury to any of the <br />Prope+ty subject to this mortgage rro hereby assigned and shall be paid to mortgagee, who m:y apply the <br />saps to payment of the instalisenu last dtte wader said [tote, and mortgagee ie hereby authorised. in the <br />name o[ the mortgagor, to execute and delirer valid acquittances thereof and to appeal from any such award. <br />k. 1'be mortgagee shall Nava the right to inspect the mortgaged premises at any roasonabk tints. <br />2 lae[auft Wa any of this covenaau ae corulitions of this ittatrument ar of the Hate or loan agreement secured <br />sktatl texscinate the mortgagor's right W posscaaion, use, and enjoyment oC the property, at the option of the <br />wastgagee or his aaigos (it being agroed that the mortgagor shall hay. such right until default}. Upon any such <br />defaah+ the etor6gsgzs shelf beeasae the owae: of at) of tlta rents and profits accruing after default as security <br />lac fire isadebaedttaa+ secured hereby. with the tight to etN.er upon said property for the purpose of collecting such <br />raata aasd pruih, y'hie itaslrumettt shall opeeaus as an assigtusettt of say. rental on said property to, that extent. <br />