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<br />'; , 8.'.IP.he fuils to pny,any sum or kcop nny covennnt provIded for in this mortgnge, the 11Sortgugee, at • � �
<br /> - ite optton; muy, pny oiperform the same, nnd nll expenditures so mndc stinll be ndded to the principal aum , !, ` � ' � f ' ,>
<br /> , . : i, � ^;� , , ,
<br /> owmg'ou� tha`ubova 'noter sliull bo:secured 'lierekiy; und shall benr interest until putd at tho rnto provlded . ; , � � r , , � S ;
<br /> FOl Iri tI1Q pTITICIpAI 311(I�uf,8dII089. rC � ' ' a � �j �'' s i � `
<br /> 7 ` ;,Upon request of tlio Moctgugee, Mortgngor. ahall executo nnd deliver n supplementul noto or notes •, s ,� �Y�� �� � i � ` w}, 'j �
<br /> for tlio sum or; sums ndvunced by� Mortgageo for tlie niteration, moderntzatton; or improvement mado ut �T , '
<br /> � � ` the :Mortgngor's� request; or�for; maintennnce of eaid.premiecs, or for tuxes. or nasessments ngninat the �• f " ' �, ; � „ 4 � ;
<br /> ' .; sume,.,und for:; uny othoc: purpose elaewhere authorized hercunder. Sn{d note or. notes shall .bo aecured �: ` �; + ,� � ; ;
<br /> , 1 � ,
<br /> �, ` heie6y; on n pni•Ity �vith nnd ns Sully ne if the ndYunco evidenced thereby ���ere; included 3n tho noto firat ,
<br />� �} deacriUed uUovot ._ Snid.aupplementdl note or notes afiall benr. interest nt klie rate provided for in tlie 'prin- . (�; ` ' ,:+ ` , ' 'r'y` tt"�' `, `
<br /> � cipal:Indebtedness 'nnd `s}iull Ua pHynble in 'approximately equul monthly pnyments for such period us muy ��:, °' ` ` ' c ' � � j "�
<br /> i be ngreed upon by the liortgngee and Mortgugor. h'niling to ugree on the mnturity, the whole of the sum ;-r ` ,; �� � s 'r� � i:
<br /> ' or sums so advnnced shnll be due and pnyuble thirty (30) days after demund Uy tlie 1lfortgagee. . In no �� ' ` ''
<br /> . _ . . ' , D p 3'//° l4 .� � J e
<br /> ( event shnil the maturity extend beyond the u]timutemuturity of the note firsEdescribed above. 'A , ', '« , � r�f �, �
<br /> � ; 8:`�He liereby nssigns, trnnsfera nnd aets over to the Mortgngee, to bo upplicci townrd tlie payment of t ; t , a
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<br /> + - tlie note and all sums secured hereby in cnse of a default in the performance of any of ttie terms and condl- �,> � " � � r :�� ' ` � �
<br /> � : .
<br /> tiona of this mortgnge or the suid note, nll the renta, revenues und income to be derived from tl�e mort- - y � � ', ;-, „ ' .'
<br /> � gnged;premiaes,, during such time ns the mortgage indebtedness ahnll remnin unpaid ; und the 111ortgugee ��� � ' � ,��{ �` :�
<br /> � '� shnil tiave po�ver to appoint nny agent or ngents it may desire for the purpose of renting tfie snme and col- ' r' t �� � � ? � ' '"
<br /> ` lecting the renls,� revepues und iiicame, and it mny puy out of snid incomes All necessary commiseions And � � � ' ` {'` � � .
<br /> i � < < , � ' � .
<br /> expenses incui•red in renting nnd . mnnnging the same and of collecting rentals therefi•om ; the bulance s' ' � a.,�;� � � :
<br /> remnimng, if uriy, to Ue npplied toward tlie discharge of said mortguge indebtedness. ; ' '
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<br /> �Ji He n ill continttoiisly maintuin hazard insurunce, of such type or types and umounts as Ilfortgngee t; ' ' ' � . ��"` ,^ ' I
<br /> ; � mny from time to. time i•equire;.on the improvements no�v or herenfterbn said premises nnd except �vhen . G, , ` } ` h �, , �
<br /> � pnyment for all such premiums hns theretofore Ueen made under (¢) of pnragraph 2 hereof, �vill".pAy ;� z `, � '
<br /> ; promptly �vhen due nny� premiums therefor.' �Upon defnult thereof, ` Mortgngee may pay the aume; All �. ' , „ '" ; � 5�, ' �
<br /> insurance ahnll, be cnrried in compnnies approved by the hfortgngee and the policies and renewals thereof . ' ' � �` ' `
<br /> ' . . . . . ��\ � 5 '. 4f� kj '
<br /> s hn l l be he l d by t he 1 Ior t�agee nn d have a t tac h e d t h e r e t o I o s s p n y a U l e , e l a u s e s i n f a v o r o f n n d i n form �'
<br /> � � ncceptuble to the 11Iortgagee. . In` event of. loss hiortgngor «�ill give immedinte notice by mail to the ➢iort- � ' f �ri ` .;
<br /> �, gugee;'. who mny mnke proof of loss if not mnde promptly by Mortgngot; nnd encli insurance compnny con• f, , ,?, �, r ,1 �,
<br /> ; . cerned is hereby nuthorized and directed to make payment for such loss directly,to the llortgngee instead (, � � , , s ;
<br /> j : of to'.the DIortgagor and the \Iortgngee; jointly; nnd theiinsurance proceeds, or , nny part : thereof, ` � �:« ` �
<br /> ) may be npplied by the Nlortgngee ut its option eithei• to the reduction :of the indebtedness hereby aecured ,: � , r ` u , �r
<br /> � or to the restorntion or repair of the property damaged. In event of foreclosure.of this mortgage, or other . � ' " ,; ''rr , �r .
<br /> }i trnnsfer of title to the mortglged property, in extinguishment of the indeUtedness secui�ed hereby, nll �
<br /> � � � . r`rn x ,
<br /> f , right,:title and. interest of the Diortgugor in nnd to any insurnnce policies then in force shull pnsa to the � , r`r t �
<br /> ; purchuser or gruntee. ' - K , � :
<br /> t 10. As ndditionnl and collnternl security for the payment of the nofe descriUed, and ali sums to become ' ;� ^ " � ' �„' , 'f'r ;
<br /> t ' due under this riiortgage; the Alortgagor hereby nssigns to the ➢Iortgagee ull lease bonuses, profits; reve- ;,' , F` ' <
<br /> � nues�-iroyulties; ,rights, und other benefits accruing to the ➢fortgagor under uny� and nll oil and gfis lenses � ' � r� � � ;
<br /> now;"or during tne life of this mortgage; executed on said premises, :�vith tha right to receive nnd receipt �
<br /> for:the same and apply them :to said indebtedness us �vell before as after defaulf in the conditions.of this � � � . = �^ �'
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<br /> moi•fgnge, and the liortgagee may demand, sue for and recover any such payments ���hen due und pay- ' t ' � '
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<br /> ablc, but shnll not be required so to do. This lssignment is to terminate and .become null und void upon . � Y s
<br /> ¢ ' relcase of this mortgage: � , � y '
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<br /> 11. He ahall not commit or permit waste ; nnd shull muintain the property in as good condition as at
<br /> � �resent, reasonable «•ear nnd tear excepted. Upon any fnilure to so maintain, Diort�ugee, ut its option, . ; ' . � , :'
<br /> � ' ma3•: cuuse reasonablc muintennnce �vork to be performed nt the cost of Nlortgagor. Auy umounts pnid � ;
<br /> therefor by ' Riortgagee shall Uenr interest nt the rate provided for in the principal indebtedness, shnll ? '
<br /> � .: thereupon become a purt of the indebtedness aecured by #his instrument; ratnbly nnd on a parity ��•ith all ' , � ' , ` '.
<br /> ` other indebtedness secured hereby, and shall be puyable thirty (30) dnys 'after demund: �
<br /> � 12 If the premises, or 1ny, pnrt tltereof, be condemned under the po�ser of eminent domain, or ;
<br /> , acquiied foi a pttblic use; the damages uwarded, the proceeds for the taking of, or the cmisideration for '
<br /> t � auch ncquisit�on, .to the estent of the full umount of the . remaining. unpnid indebtedness secured by this . t
<br /> t � mortgnge, or ' liereby assigned . to the hfortgngee, and shall bepaid forth�vithto snid 14iortgngee, to be _ �
<br />, # applied on account of the last mnturing`instnllments of such indebtedness. � ' ' �.`
<br /> ? 13. If the 1lfortgngor fnils to make . uny payments when due, orto conform to und comply �vith uny '
<br /> ; ' of ' the conditions or ngreements contained . in this ►nortguge, or the notes .���hicli it secures, then the . ; `
<br /> � entire principnl sum und nccrued interest shalf at once .becpme due. nnd payable, at the election of the
<br /> ` lfortgngee ; nnd this mortgnge mny thereupon be foreclosed ?immediately for,the �vhalc of the indebted-' ` � 'r
<br /> � ' . ` ness hereby :secured; incluiiing the cost of extending the nbstruct of : title from _ the date of this mort- ' ' �<
<br /> j gnge to the time of commencing suctisuit; it reasonabte nttorney's fee; and nny sutris pnid by the Veteruns _ ` . ;
<br /> Admimstrntion on uccount of the guaranty o1 iusurance of the indebtedness secured hereby, all of which - ' ;
<br />` shull .be mcluded m the;decree oF foreclosure ` ' , '
<br /> ; '. 14 If the indebtedness secured hereby be gunrnnteed or insured under Title 38, United Stntes Codc, , ' :-� t,.,��Y -�k�,�, ;
<br /> sttch;Title nnd,Reguletions issued thereunder and in elCect on the clate hereof shnll govern the rights, duties ' : , r�� : � `:�'� z `
<br /> < � . ' nndliabilities ,of.the pai•hes. hereEo, and nny provisions of.tliis or other instruments exeauted in connection : t � -' � �rrd ' ;
<br /> xt `with', snid� indebtedness� which are �nconsistent �witli suid Title or Regulltions �re liereby nmended to „ t � ���`; ,
<br />`� conform thereto ' . = . ; ' . . ,' 7` � � ,� ;
<br /> � � ,The covenants lierem contmmed ' shall bmd, nnd the . benefits and udvnntuges shull inure to, tfie � " � � ' s� ;`
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