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1. The mortgagor oovenantr sad ageea a, ioUonrs:
a. He will P~?PVy Pay the indebtedness evidenced by said pramissaq note at the linnet sad is the
masses therein provided
6. He will pay all tames, arserrtaseats. water ntea, and other governmental or mnaidpal charger, fins. or
impositioar, tot; which provirioa has not been made hereinbeton, and will promptly deliver the official receipts
therefor to the said mortgagee.
c. He will pay such expenses and fees as may be incurred in the protection and maintenance of said
property, including the tees 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 Bale, or court proceedings, or in any other
litigation or proceeding affecting said premises. Attorneys' fees reasonably incurred in any other way shall be
paid by the mortgagor. .
d. For better secnrity of the indebtedness hereby secured, upon the request of the mortgagee, its sus .
censors or assigns, he shall ezecute and deliver a supplemental mortgage or mortgages covering any additions,
improvements, or betterments made to the property hereinabove described :.red all property acquired by
it after the date hereof (alt in form satisfactory to mortgagee). Furthermore, should mortgagor fail to cure
any defanlt is the pa?-meet of a prior or inferior encumbrance on the property described by this instrument,
mortgagor hereby agrees to permit mortgagce to cure ouch default, but 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 this conveyance shall remain in full force and effect during any postponement
or a:tension of tl~e time of payment of the indebtedness evidenced by said promissory note or any part thereof
secured hereby.
j. He will continu_ ously 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
will pay promptly when due any premiums therefor. All insurance shall be carried in companies acceptable
to mortgagee and the policies and nanewals thereof shall be held b~ mortgagee and Gave attached thereto
foes payable clauses is favor of and in form acceptable to the mortgagee. IIa event of loss, mortgagor will give
immediate notice in writing to mortgagee, and mortgagee may make proof o[ loos if not .made promptly by
mortgagor, and each insurance company concerned is hereby authorised and directed to make payment for such
loss 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 indebtedner hereby
secured or to the restoration or repair of the property damaged or destroyed. In event of [oreclosnn of this
mortgage, or other transfer of title to said property in eztinguishment of the indebtedness secured hereby, all
right, title, and interest of the mortgagor in and to say insurance policies then is [orne shall pass to the
purchaser or mortgagee or, at the option of the mortgagee, may be surrendered for a refund.
g. He will keep a)1 buildings and other improvements on said property in good repair and condition;
~ will permit, commit, or eu6er 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
I 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 this mortgage.
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6 h. He will not voluntarily create or permit to be created against the property subject to this mortgage
E any lien or liens inferior or superior to the lien of this mortgage without the written consent of the mort-
gages; and further, he will keep and maintain the same tree 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
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. Al) awards of damages in connection with any condemnation for public use of or injury to any of the
property snbject to this mortgage are hereby assigned and shall be paid to mortgagce, who may apply the
) same to payment of the inatt~llmenta last due nod er said note, and mortgagee is hereby authorized, in the
name of the mortgagor, to execute and deliver valid acquittances thereof and to appeal from any ouch award.
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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 mortgagor's right to possession, use, and enjoyment of the property, at the option of the .
mortgagee or his assigns lit being agreed that the mortgagor shall have such right until default). Upon any ouch
default, the mortgagee shall become the owner o[ all of the rents and profits accruing alter default as security
for the indebtedness secured hereby, with the right to enter upon said property for the purpose of collecting ouch
rents and profits. This instrument shall operate as an assignment of any rentals on said property to that extent.
1 [1R ~ s.~f.+~i.~l
r~ ~ ? ~ ~ t ti 2!301( PdGE