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Provided always it said Mortgagor, Its succossors and assigns ;
or someone acting in behalt of Nbrtgagor shall pay to Mbrtgagee, its f
successors and asslgns the indebtedness evidenced by that certain ~
promisory note, of even date herewith, a copy of which is attached ~
hereto and made a part hereof by this reference, accordtng to the terms ~
thereof and shall oonfornn and comply wlth each and svery stipulation,
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covenant and agreement af said note and this mortgage fhen thts mort-
gage and the estate he~aby created shall be null and void, otherwise
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it shal l rerr+ain in fu! 1 force and eftect.
Mortqagor warrants, covenants and agrees:
(f) That the descrtption ot lands set torth above includes all
(ands on which is tocated or witl be tocated the buiiding or structure
to be constructed or tmproved with the proceeds of the loan secured f
hereby together with all lands used or to be used in connection
therewith. -
(2) That~tt wi~l pay the principal and interest due and to ;
~ become due according to the terms and conditions of the note secured
hereby prompty as the same shatl become due; to pay all taxes and
assessments levied on or against the above described lands as and
when the same shall'becane due; and to keep ali improvements on sald
iands insured against flre, windstorm and simllar casualty ln an
amount not less tha~ the insurable vafue of said improvements or the
amount of i~debtedness secured hereby, whichever is the greater, the
poiicies ot insurance to contain standard clause that proceeds are
payable to Mortgagor as its tnterests may appear and witl furnish
evldence to Mortgagee of such insurance.
t3) That Mortgagor wili not incur other or further indebted-
ness secured by morfigage, trust deed or other f~rm or indenture or any
of its lands or other indebtedness except for usual and ordina~y ob- ;
Ilgation or expenses except with written approval of Mortgagor first
had and obtained.
(4) That if MOrtgagor fails to pay taxes or assessments (evied
on~or against the lands ~bove described or fails to secure i~surance !
as prov~ded for herein, Mortgagee, may at its option pay such taxes
or assessments or secure such insurance and all montes so patd oufi
by Nbrtgagee and a~l expenses incurred in connsction therewith shall
be additianal indebtedne~s secured hereby.
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