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<br /> It. If he faila to pay anY suar or keep any covenaat provided for in thia mortgaQe, the Mort;e,eee, st
<br /> its o�oa. msy pay or perform the same, snd a►i expei�diCures� e:, .-.:m:w o.a:: M:. s3d�? t^ *-he ^rinrinal aum
<br /> owi� on the above note, shalt be aecured .hereby, and s2ta11 beu intereat until paid at the rate pro^vided
<br /> foria tha principslindebtednaae.
<br /> � 7. LJ,po�t zaqu�t ot the Mortt�s;ee, D�ort�s�or ehall exeeute and delivrer a supplementsl note or notes
<br /> tor +�+e su�n �' suma advanced by Mort�ee tor the alteration, moderniaatioz�, or improwement m4de at
<br /> •um
<br /> t.�e .�Ei>rt�qRq�!'p request ; or for maintesance of said premises, or tor taxes or assesameata a�ainst the
<br /> �ame, and foe any other purpase elaewhere suthorized hereunder. 3aid note or notes ahsll be eecured
<br /> heri� on a �Rrity with snd ss fuUy ae if the advattce evidenced thereby were included in the :wte tlnt
<br /> do�cr�ed sbosre. 8sid suppl�nental aote or notes ahall bear iatereat at the rate provided tor in the pria-
<br /> eipr,r,i indebtedncas and ahal! be payable in approxitnately equa! montiily paymenta for aucls period �u raa�y
<br /> O'� be s�s+eed upon by the Mortgagee and Mortgagor. Failin� to agree on the maturity, the whole of the ruu,
<br /> � ar nunu so advanced shall be due and payable thirty (30) days after demand by the Mortga�ee. In no
<br /> � event ahall the maturity extead beyond the ultiinate maturity of the note firet deaeribed sbove.
<br /> � 8. Iie hereby asai�na, tranafers and seta over to the Mort�a�ee, to be applied toward the psyment of
<br /> �
<br /> ; , � Yd�e sote a�nd all sutna secured hereby in case oY s default in the performance of uny of the terms and copdi-
<br /> � .
<br /> tions c�f thia morty�ae►�ee or the said note, all the renta, revenues and income to be derived irom the mort-
<br /> ^ p�ed preenise� dnring auch time sa the mortgage indebtedness shaU remain unpaid ; and the MortQa�ee
<br /> ^ �ul! l�rve power to appoint any a�ent or a�ents it msy desire for the purpose of rentin� the eame and col-
<br /> lectin,� the reata, reveaues and income, and it may pay out of said iacomea al! necessary coramiaaiona snd
<br /> expense4 it►,ptrred in ►•enting and mana�ing the same and of collecting rentala therefrom ; the bilance
<br /> reaqa{ait� if sny, to be applied toward the discharge of said mortga�e indebtedness.
<br /> 9. He wiU cantinuoualy maintain hszard iasuraace, of such type or types and amounta as l[ort�s�ee
<br /> enay from tie�e to time require, an the improvements now or heresfter on said premises and except wlLea
<br /> ptya�ent for ali such premiume hae theretofore been made under (a) of p,ara�raph 2 hereof, wiU psy
<br /> p�+omptly whea due any premiume therefor. Upon default thereof, Mortgagee may pay the eame. All
<br /> insurance ahail be carried in companies spproved by the Mortgagee and the policiea and renewals thereof
<br /> ahall be held by the Mortga�ee and have attached thereto losa paysble clauaee in favor oP and in lorns
<br /> acceptable to the MortQagee. In event of losa Mortgagor will give immediate notice by mail to the 1[ort-
<br /> �s�ee, who ms�y make piroof oY losa if not made promptly by �Sortga�or, and each inaurance company eon-
<br /> cerned ia hereby suthorizecl and directed to make payment for euch loea direetly to the MortQa�ee inate+d
<br /> of to the Mortga�or and the A+Iortga�ee jointly, and the ineurance proceeda, or any part thereof,
<br /> paay be pppiied by the biort�a�ee st ita option either to the reduction of the inde6tecituees hoteby �ecured
<br /> or to the restoration or repair of tbe property dama�ed. In event of foreclosure of this cnost;s�e, or other
<br /> tranafer of title to the mortg�ms+ed property in extin�uishment of the indebtednesa secured t�ereby, a11
<br /> right, title and interest of the Mort�or ip sed to any insaranee policiea then in force shall pass to the
<br /> purc!►a�wer or �rantee.
<br /> 10. Aa sdditional and cotiateral aecurity for the psyment of the note desci•ilx+d, and all sums to become
<br /> ' due under thia mort�a�e, the DdortRaQor hereby asaignr to the Mort�ay�ee all lease bonuacs, pro�tR, reve-
<br /> cwe�. royalti�, ri�hts, and other benetita sccruin� to the Mortga�or under any and aq oil and p,as leaaes
<br /> now, ar durixs� tFae life of this martgs�e, executed on said premiaea, with the riyht to receive and reoeipt
<br /> foe th� eame aod apply them to said indebtedness aa well before as after default in the comditioas of tkia
<br /> mort¢a�e, and the Mortgagee may demand, aue for and recover any such payments when due snd pay-
<br /> sbie, but shall not be required ao to do. Thia asaignment is to terminate and become null and void upon
<br /> releaae oP thu mortga�e.
<br /> !l. He rhall not com�ait or permit waete ; and shsit maintain the property in as �ood condition as at
<br /> preeent, reasortabie �•ear and tear excepted. Upon any failure to so maintain, MortgaR�ee, at its option,
<br /> may cstue reaaonal�le enaintenance work to be performed at the cast of Mort�a�or. Any amounts paid
<br /> therefor by Murt�agee shali bear interest at the rate provided for in the principal indebtedneas, shalt
<br /> the��eapon beeame s part of the indebtednesa secured by thia inetrument, ratably and on a parity with sll
<br /> ather ind�tednesa aeeured hereby, and ahali be pnysbie thirty (30) dayr sfGer dernand.
<br /> 12. If the premises, or any part thereof, i�e eondemned under the power of eminent domaid, or
<br /> acqeired for a public use, the damaQes swarded, the proceeds for the takin� of, or the consideration tor
<br /> wch scquiaitiai, to the ezt�nt of the full atstount of the retnaininQ unpaid indebtednesa secu��ed by this
<br /> martga�e, or hereby assirned to the �[ortgagee, and shall be paid forthwith to said Mortga�ee, to be
<br /> app#i�d on account of the lasL maturing installment� of auch indebtedneae.
<br /> 15. If the D�[o►•tga�car fails to make any payments when due, or to conform to and comply with any
<br /> of tlte coaditions or aQreementa contained in thia mortgage, or the notes Nhieh it aecures, then the
<br /> entire princi�al sum and accrued interest ahall st once become due and peyable, at the election of tlte
<br /> ,lilurt�a�ee ; and t,h�s murtguge �ay thereupon be lurecloaed immediaEely iur Ll�e wtiule ui Lt1e in�trt.ed-
<br /> p�a laereby aecured, including tltie cost of extending the abrtrsct of title ft�um the date of thia mort-
<br /> sa,ge to the time ot c�mmencing auch suit, s reasonable attoraey'a fee, and any sums paid by the Veteraae
<br /> Ad�eiaittrat6oe� on acc�ount oP the Qusnaty or ineursnce of the indebtednesa secw�ed herc-by, all of which '
<br /> s�fidl be iacl��ed in the deeree of forecbsure.
<br /> �:#�, Et �11vR isi�e�s a�1�er�ebY lfe �rast+eed or inaured under Titie 38, Udited Sta�teR C{�de, • � � ' ;. ;
<br /> , � a��ie �,�q�ieiµ i�ed �s sad ia e!lect on the dste hernof all1aii govern tlse ri�hta. duties �
<br /> �MMIA..� +p[ �e p1I�.lMenpke► iiaad �f' Pxwrisia�s of this or oth�er inatruwes�tta executed in oaenecti�on "
<br /> • �k s�Y" �Ibiedlwl� � a�re iwo�M�k wlth �sid Titl� or Re�^aiatioru sre hee+�bq am�nded to
<br /> , +afwlMiM4Yrtl�ee�e+�e. ; „ .
<br /> . �'+4e � 1►e�reis. ea�atai�wed rir�� b�MQ1. wa�il t�iw �+awat'+ts rua3 r+i��suiLs►�w clu►17 inu�•e tc�, tYu: �;N4 ,.
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