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1. The mottgttgor oovenanU and agrees sa follows:
He will promptly pay the indebtedness evidenced by acid prott»eaory note at the lima and in the
manner therein provided
6. Be will pay all taxes, assessments, water rates, and other governmental or municipal charges, fines. or
ianpositiona, fof which pravisioa Las not bees made 6enittbetore, and wiU promptly deliver the o~cial receipts
therefor to the said mortgagee,
Ile will pay such expenses and fees as may be incurred in the protection and maintenance of said
property, including the fees of any attorney employed by the mortgagee for the collection o[ armor all of
the indebtedness hereby secured, or for foreclosure by mortgagee a sale, or court proceedings, or in any other
litigation or proceeding aBecting acid pr~emiaes. Attorneys fees reasonably incurred in any other way shall be
paid by the mortgagor.
d. For bitter security of the indebtedness hereby secured, upon the request o[ the mortgagee, its aua
censors or assigns, he shall execute and deliver a supplemental mortgage or mortgages covering any additions,
improvements, or betterments made to the property hereinabove described : nd all property acquired by
it after the date hereof (ail in form aatiafactory to mortgagee). Furthermore, shnuld 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, IxU mortgagee is not obligated to do ao;
and such advances shall become part of the indebtedness secured by this instrument, subject to the same
terms and conditions.
e. The rights created by thin conveyance shall remain in full force and effect during any postponement
or extension o[ 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 suds amounts as the
mortgagee ma}• from time to time require on the improvements now or hereafter on said property, and
swill pay promptly when due any prcmiutns therefor. All insurance shall be carried in oompatties aotxptabk
to mortgagee and the policies and renewals thereof shall be held by mortgagee and have attached iltereto
loss payable clauses in favor of and in form acceptable to the mortgagee. In event o[ loss, mortgagor will give
immediate notice in writing to mortgagee, and mortgagee tray make proof of loos if not made promptly by
mortgagor, and each insurance company concerned is hereby authorised and directed to make payment for wch.
loos directly to mortgagee instead of to mortgagor and mortgagee jointly, and the insurance proceeds, or any
part thereof, may be applied by mortgagee at its option either to the reduction of the indebtedness hereby
secured or to the restoration or repair of the property damaged or destroyed. In event of foreeclosure of this
mortgage, or other transfer o[ title to said property in extinguishment of the iadebtcdneas secured hereby, all
right, title, and interest of the mortgagor in and to any insurance policies then in force stall pans to the
purchaser or mortgagee or, at the option of the mortgagee, may be surrendered for a refund.
R. He will keep all buildings and other improvements on said property in good repair and condition;
will permit, commit, or suQer no waste, impairment, deterioration. of said property or any part thereof;
in the event of failure of tl~e 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 presen•ation 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 propert}• subject to this mortgage
any Lien or liens inferior or superior to the lien of this mortgage without the written consent of the mort-
gagee; and further, he will keep and maintain the same free from the claim of all persona supplying labor or
materials for construction of an_y and all buildings or improvements now being erected or to be erected on
said premises.
e. He will not rent or assign any part of the rent of said mortgaged property or demolish, or remove,
or substantiaiiy alter any buiidiug without the written ccinsent 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 tl~e installments last due under said note, and mortgagee is hereby authorised, in the
name of tl~e mortgagor, to execute and deliver valid acquittances thereof and to appeal from any ouch award.
k. The mortgagee shall have the right to inspect the mortgaged premises at any reasonable time.
2. Default in any of the coyenanis or conditions of this in.rtrumPnt or of the note or loan agreement secured
hereby shall terminate the mortgagor's right to posses.4ion, use, and enjoyment of the prnperty, at the option of the
mortgagee or his assigns fit being aKreed that the mortgagor shall have such right until default Upon any such
default, the mortgagee shall become the owner of all of the rents and profits accruing after ~efault as security
for the indebtedness secured hereby, with the right to enter upon said property for the purpoae,~of•,FQlleeling such
tents and profits. This instrument shall operate as an ariaignment of an}+ rentals an said prgpect}, xo;;th.al extent.
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