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<br />>i. she mortgagor eomnta sad sgseea as follows:
<br />s. He will P~PHy pay the indebtedtto.s evidenced by said promiawry note at the times and in the
<br />matsaer therein provided
<br />b. He will pay all taxes, asseamtent4 water rates, sad other govettammtai or manieipal charges, fines, ~
<br />impositioaa, far which proviai~ has not been made hereinbefore, and will promptly deliver the oiciai receipts
<br />therefor to the said mortga®ee.
<br />c. He will pay such expenses and fees ae may be incurred in the protection end maintenance of said
<br />property, including the fees of any attorney employed by the mortgagee for the collection of any or sll oil
<br />the indebtedness hereby secured, or [or foreclosure by mortgagee's sale, or court proceedings, or in any other
<br />litigation or proceeding aRecting 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 suc•
<br />season or assigns, he shall execute and deliver a supplemental mortgage or mortgages covering any addetiana,
<br />improvements, or betterments made to the property hereinabove described :.nd all property acquired by
<br />it after the date hereof Tall in form satietactory to mortgagee). Furthermore, should mortgagor fail to cure
<br />any default in the payment o(a prior or inferior encumbrance on the property described by this instrument,
<br />mortgagor hereby agrees to permit mortgagee 4o cure such default, but mortgagee is not obligated to do so;
<br />and each 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 thin rnnveyance shall remain in foil 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 />j. He will continuously maintain hazard insurance, of such type or types and in each amvunta ae the
<br />mortgagee may from time to time require an the improvements now or hereafter on said property, and
<br />will pay promptly when due any premiums therefor. All insurance shall be carried in compaaias acceptable
<br />m mortgagee and the policies and renewal thereof shall be held by mortgagee and have attached thereto
<br />leas payable chtasa is favor of and in foam acceptable to the mortgagee. In event of loa, mortgagor will giro
<br />immediate notice in writing to .mortgagee, sad mortgagee map make proof of lass it not made promptly bg
<br />mortgagor, and each iaattrance company eoaceraed i e hereby aathoriud sad directed W make payment for esch
<br />less directly to mortaace instead of to mortgagor and mortgagee jaiatiy, and the insurance presxoeds, or .a.
<br />part thet+eof, may be applied by mortgagee at its option either to the reduction of the indebtedness hetef.+y
<br />secured or to the restoration or repair of the property damaged or destroyed. In event of foreckanre .i this
<br />mortgage, or other transfer of title to said property in eztimguiahmettt of the indebtedness semred hereby, all
<br />right, title, and iaurest of the mortgagor in and to say insurance policies then is farce shall pan to the
<br />purchaser or mortgagee ot, 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 />will permit, commit, or eu$er no 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 goad repair, the mortgagee may make such repairs ad in ire discretion it
<br />may deem necessary for the proper preservation thereof; and the foil amount of each and every each payment
<br />shall be immediately due and payable and shall be secured by the lien of this mortgage.
<br />h. He will not voluntarily create or permit to be created against the property subjtct to this mortgage
<br />any lien or liens inferior or superior to the lien of this mortgage without the written consent of the mort-
<br />gagee; and further, he will keep and maintain the same free from the claim of 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 wil! cot rent or assign nay part of the rent of said mortgaged property or demolish, or remove,
<br />or substantially alter any building without the written consent of the mortgagee.
<br />j. All awards of damages in connection with any condemnation for public use of or injary to any of the
<br />property subject to this mortgage are hereby assigned and shall be paid to mortgagee, who may apply the
<br />earns to payment of the instalhnmta last doe under said note, and mortgagee ie hereby authorised, in the
<br />name of the mortgagor, to execute and deliver valid acquittances thereof and to appeal from any each award.
<br />k. The mortgagee shall have the right to iaapect the mortgaged premises at any reasonable time.
<br />2. Ik[xult in any of the covenants or conditions of this instrument or of the note or loan agreement secured
<br />hereby shall terroinate the mortgagors right to poeseseion, use, and enjoyment of the property, at the option of the
<br />mortgagee or his assigns (it being agreed that the mortgagor shall have such right until delaultl. Upon any such
<br />defaul4 the mortgagce shall become the owner of alt of the rents and profits accruing after default as security
<br />for the imdebtedneea secured hereby, with the right to eater upon said property for the purpose'of collecting each
<br />txaa and profits. This instrument shall operate sa an assignment of any rentals on said property to that extent.
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