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1. '1Le awrtaaaotr oo~etaasts asd agrees as tollowst ~
o. 8e will pt~oa~ptly pay the indebtedness evidenced by said promiMOry sots at the lira atsd is the
asasser thereto prorided
b~, He will pq all t::es, assessaseats. water rates, sad other go~er>lnsatstal e: taasidpal eharpei, Ssesr ee
Impositions, fort which pro~isiaa Las not bees ttsade henisbefore, and wiD pranptly delirer the Distal rsosdpts
therefor to the said aortgages. t
c. He will such e: and fen u may be incumd is the protretion and mainteaaaoe of said
Pay Pc~
propwrty, including the fee of any attorney employed by the mortgagee for the eollectioa of any or all of i
the indebtedness hereby secured, or [or foreclosure by mortgagee's sale, or court ptooeedingp, or in any ot6ce
litigation or proceeding agecting acid premises. Attorneys' fees reawnably incurred in any other way eh•n be
paid by the mortgagor.
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or .better security of the indebtedness 6treby secured, gpon the request of the mortgagee. its awo- i
season or assigns, he shall execute and deliver a supplemental mortgage or mortgages covering any additions, {
improvements, or betterments roads to the property heniaabove described :.ad alt property acquired by
it after the date 6ereoi (a11 in form satisfactory to mortgagee). Furthermore, should mortgagor fair to Dore _
say defauh in the paymcat o[ a prior or inferior eaeumbrance on the property described by this iwtrumcnt,
„~o.•~._a..* 1.'reh. acrees to permit mortgagee to cure such default, but mortgagee is not obligated to do so;
and such advances shall become part o[ the indebtedness secured by this instrument, subject to the same
terms and conditions.
e. The rights created by this rnnveyance shg d egect during any postponement
or extension of tl~e time of payment of the indebtedness eviden i ~i~ry note or any part thereof
secured hereby. bn,~ut la Ct~tat ~
u 7~ (such amounts as the
j. He will continuously maintain hasard isa~ptcgtvtb a~c~ y ~i~~
mortgagee may from time to time require on~tbe•.iatp#ovsmetits flow o Brea ~'d property, and
will Pay Promptly when due any premiums therefor. All insurance a6al~'b'~~ ~ idbft~panies acoeptabk
to mortgagee and the policies and renewal thereof shall be held by mortgagee and 6a~e attached thereto
loss payable closes in favor o[ and in form aoeeptabm to the mortgagee. In crest of lws, mortgagor will give
immediate notice in writing to mortgagee, and mortgagee may make proof of lws if not made promptly by
mortgagor, and-each iasnranee eom~any ooneerned is hereby aathorised and dinged to make payment for such
Voss ~ to •mortgagce inteal of to mortgagor ands mortgagee jointly. sad the insnrssoe proceeds, or any
•paitf, may ba applied by mortgagee at its option either to the ndnetios of the indebtedness hereby
secured or to the natoration or repair o[ the property damaged or destroyed. In event of foreelosnre of this
mortgage, or other transfer of title to said property in eitingniihtnest of the indebtedness secured hereby, all
right, title, and interest of the mortgagor in and to any insuraaee policies they in force shall pass to .the
purchaser or mortgagee or, at the option of the mortgagee, may be anrrendered for a refund.
g. He will kcep all buildings and other improvements on said property in Good repair and condition;
will permit, commit, or anger 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 mortgagce may make such repain 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 this 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 mort-
Ranee; and further, he will keep and maintain the same free from the Claim of all persons supplying labor or
materials for construction of any and all buildings or improvements now being erected or to be erected on
j acid premises.
~ i. He will not rent or assign any part of the rent of said mortgaged property or demolish, or remove,
or substantially 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 inettellments last due under said note, and mortgagce is hereby authorized, in the
name of the mortgagor, to a:crate 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 nssonable 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 mortgagor's right to poaseasion, use, and enjoyment of the property, at the option of the
mortgagee or his assigns (it being agreed that the mortgagor shall have ouch right until default). Upon any such
default. the mortgagee shall become the owner of all of the rents and profits accruing after default as security
for the indebtedness secured hereby, with the right to enter upon said property for the purpose o[ collecting such
teats and profits. This instrument shall operate as an asaignmeat of any rentals on said property to that extent.
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