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1. The mortgagor oorataaaa and agrea a. followat
m He will promptly pal the indebtedness evidenced by said promissory note at the lima sad is the
meaner therein provided
6. He will pay aU taxes, assessments, water rates, and other gore:amental or mttnieipal charges, Saes, a<
impositiooa, fort whleh prorisiast has not bees made hereinbefore, and will promptly deliver the ~cial reoeipa
therefor to the said mortgagee.
c. He will pay ouch expenses and Ices as may be incurred in the protection and maintenance of acid
property, including the fees of any attorney employed by the mortgagee for the collection of any or all of
the indebtedness hereby secured, or for foreclosure by mortgagee's sale, or court proceedings, or is any other
litigation or proceeding aRecting said premises. Attorneys' fees reasonably incurred in any other way shall be
paid by the mortgagor.
d. For better security of the indebtedness hereby secured, upon the request of the mortgagee, its sna
ceesors or assigns, he shall execute and deliver a supplemental mortgage or mortgages covering any additions,
improvements, or betterments made to the property hereiaabove described :.nd all property acquired by
it after the date hereof (all in form satisfactory to mortgagee). Furthermore, should mortgagor fail to cure
any default in the payment of a prior or inferior encumbrance on the property described by this instrument,
mortgagor hereby agrees to permit mortgagee to cure such default, but mortgagee is not obligated to do ao;
' L--...,;- ,.A.. ,,r .1......tebtedneas secured by this instrument, subject to the same
:nd sup.: -
terms and conditions.
e. The rights created by Chia conveyance ahail remain in full force and eRect during any postponement
or extension of the time of payment of the indebtedness evidenced by said promissory note or any part thereof
secured hereby. .
j. He will continuously maintain hazard insurance, of such type or types and in such amounts as the
mortgagee may from time to time require on the improvements now or hereafter on said property, and
serill pay promptly when due any premiums therefor. All insurance shall be carried in companies acceptable
to mortgagee and the policies and reaewaL thereof -shall be held by mortgagee and have attached thereto
loos payable clawea in favor of sad in form acceptable to the mortgagee. In event of loss, mortgagor will giro
immedute notice in writing to mortgagee, and mortgagee may make proof of loss if not made promptly by
mortgagor, and each insurance tympany concerned is hereby authorized and directed to make payment for such
loss directly to mortgagee instead of to mortgagor and mortgagee jointly, sad the insnraaee proceeds, or any
part thereof, may be applied by mortgagee at its',dpli~a~lrK f ~fenlll~ the indebtedness hereby
secured or to the restoration or repair of the property damage~g~~n crest of foreclasnre of this
mortgage, or other transfer of title to said property is exlyat~pt~gf ~44•1dP~F~t~.ecut+ed hereby, all
right, title, and interest of the mortgagor in and tR,a~tri}na{,jiQl}o~pr:i~}p~.~}a~hall pass to the
purchaser or mortgagee or, at the option of the m~rt~lg~E.~mav 1.. ~.,n.•r.tjCt~,~4:.~.Fei~1~,
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g. He will keep all buildings and other improvements on said property in good repair and condition;
will permit, commit, or suffer no waste, impairment, deterioration of said property or any part thereof;
in the event of failure of the mortgagor to keep the buildings on said premises and those erected on said
premises, or improvements thereon, in good repair, the mortgagee may make such repairs as in its discretion it
may deem necessary for the proper preservation thereof; and the full amount of each and every such payment
shall be immediately due and payable and shall be secured by the lien of ihia mortgage.
h. He will not voluntarily create or permit to be created against the property subject to this mortgage
any lien or liens inferior or superior to the lien of this mortgage without the written consent of the mori-
gaRee; and further, he will keep and maintain the same free from the claim of all persona supplying labor or
materials for construction of any and all buildings or improvements now being erected ar to be erected on
said premises.
i. He will not rent or assign any part of the rent of said mortgaged property or demolish, or remove,
or aubatantially alter any building without the written consent of the mortgagee.
j. All awards of damages in connection with any condemnation for public use of or injury to any of the
property subject to this mortgage are hereby assigned and shall be paid to mortgagee, who may apply the
same to payment of the installments last due under said note, and mortgagee is hereby authorised, in the
name of the mortgagor, to execute and deliver valid acquittances thereof and to appeal from any such award.
k. The mortgagee shall have the right to inspect the mortgaged premises at any reasonable time.
2. Default in any of the covenants or conditions of this instrument or of the note or loan agreement secured
hereby shall terminate the mortgagors right to poasesaion, use, and enjoyment of the property, at the option of the
mortgagee or his assigns (it being agreed that the mortgagor shall have such right until default). Upon any such
default, the mortgagee shall become the owner of all of the yenta and profits accruing after default as security
for the indebtedness secured hereby, with the right to enter upon said property for the purpose of collecting such
rents and pro5ts. This instrument shall operate as an assignment of any rentals on said property to that extent.
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