� �
<br /> I
<br /> 6. If he taile to paY any rum or keep any covenant provided for in this mort�a�e, the D[ort�a,�ee, at
<br /> ib pptiuu, may psy or perform the same, and ail exgenditurea so made ahall be added to the principal siun
<br /> �in� on t#ie above note, ahalt be eecured hereby, and ahall bear iaterest until paid at the zate Drovided
<br /> r ios ia We prineiyal indebtedn�as.
<br /> ` ?. Upoa e�equest ot the Mort�s�ee, MortQ^a�or shAJl execute and deliver a suppiemental note or not�es
<br /> tor the svnl or �uasr sdvanced by Mort�saee for the alteration, modernizataon, or improvement made at
<br /> ' tlte ][ortasgaa's reauest ; or for mainteasnce o! eaid premisee, or tor taxes or aaseeamenb a�ainat the
<br /> j'�• r�e, and fos aatiy other Durpwe elsewhere authoriaed hereunder. Said note or notes ahall be aecured
<br /> a
<br /> c'� hrreiay on a parity with and as fu11Y ar if the advance evidenced thereby were ineluded in the note flrst
<br /> CO d,e�cribed above. Ssid supplemental note or notes ahall bear interest at the rate provided for in the pria-
<br /> � ciDal iadebtednees and ahall be payable in approximately equal monthiy payments for such period u may
<br /> � be aarreed apoa by the Mort�aaree and Mort�aa^or. FailinQ to a�ree on the maturity, the whole of the sum
<br /> or sums so advaaced shall be due and payable thirty (80) days after demand by the Mort�a�ee. In no
<br /> � event shall the maturity extend beYond the ultimate maturity of the note Srst described above.
<br /> � 8. He hereby assi�ns, transPers snd eeta over to the Mortgagee, to be applied toward the payment ot
<br /> the note aad sll sums secured hereby in caee of a default in the perPormance of any of the terma attd eondi-
<br /> tions of this r�rt�a�e or the said note, all the rents, revenues and income to be derived from the mort-
<br /> �►�ed premiaes durin� such time as the mort�aAe indebtednesa shall remain unpaid ; and the Mort�a�ee
<br /> ahall have power to appoint any s�ent or a�ente it may desire for the purpoae oP rentin� the same and col-
<br /> Iectin� t�►e rents, revenuea and income, and it may pay out of said incomea all necessary commisaions and
<br /> expentes ittcurred in rentinQ snd manaQin� the asme and o! coAectin� rentala therefrom ; the bslance
<br /> remsinin�, if any, to be applied toward the diechar�e of eaid mort¢a�e indebtednera. �
<br /> 9. He will continuouely maintain hszard inaursnce, of such type or types and amounta aa 9dort�saee
<br /> may from tia►e to titne require, on the improvements now or hereatter on a8id premises and except when
<br /> ptyment for all such premiuma has theretofore been made under (¢ ) o! para�raph 2 hereol, wiil pay
<br /> promptiy when du� any premium� therefor. Upon default thereot, �[ort�ee may pay the same• All
<br /> insursace ahsll be carried in companies approved by the Mort�a�ee and the policies attd renewals thereof
<br /> shAll be held by the MortQsaQee and have attached thereto loas payable clauaes in favor of sad in form
<br /> acceptable to the Mortas�ee. In event oP loas Mort�agor wiil Qive immediste notice by mail W the Mort-
<br /> �s�ee, who nzay make proof o! loes if not made promptly by Mort�a�or, and each insarattoe canp�ny eon-
<br /> cerned is hereby autk�orited and dirocted to make payment for such loe� directly to the Mort�a�ee instead
<br /> o! to the Mort��or and the Mortsa�ee jointiy, and the insurance proceeds. or aay part thereot,
<br /> may be aDplied by tlu Mortaag�ee at its option either to the reduction o! the indebtedttess hereby secured
<br /> or to the reetoration or repair of the property dama,ged. In event of foreclosure of this mort�a�e, or other
<br /> trsnsfet of title to the mort�a�ed property in extit�uishmeat of the indebtedness secured hereby, al] M
<br /> ri�tt, title and intereat of the Mortga�or ia sad to any insurance policies then in force shall paas to the
<br /> pui^chvar or �rsatee.
<br /> 10. As additional and collateral security for the payment oP the note deacribed, and all sums to become
<br /> due uader this mort�e, the biort�sgor hereby sasi�ne to the Mort�a�ee all leaae boausea, pro8b, revo-
<br /> aue�, roya}ties, riQhts. and other beneflb accruing to the MortQapor under any and sll oil and �aas 1ea�es
<br /> now, or durit� the life of this mort�st�e, executed oa said premiaes, with the right to receive and receipt
<br /> tor the astx►e aad sppiy them to aaid indebtedness as well before aa after default in the conditions of titis
<br /> anort�a�e, aad the ASort�a�ee may demand, sue for snd recover any such paymenb when due and pay-
<br /> able, but ahall aot be required so to do. This aseiQnment ia ta terminate and become null and void upon
<br /> rele�fe oi thi� aaort�e.
<br /> 11. He �hall not commit or permit wsste ; and shall maintain the property in as �ood oondition as at
<br /> present� reaeonabls wear and tear excepted. Upoa any failure to so maintaitt, Mort�agee, at ib optiou,
<br /> nuy catue reaaonsble maintenance work to be pertormed at the cost of Mort�a�or. Any amounb paid
<br /> t.her�{ot !yy �[ort�a�ee shsll bear iaterast at the rste provided for in the principsl indebtedneas, ehall
<br /> ti�ereupon becwne a part oP the indebtedness recured by thu inatrument, ratably and on a parity with all
<br /> ether isdebted�ea secured hereby, and shall be psyable thirtY (30) daYs after demand.
<br /> 12. Ii the premiaer, or aay part thereot. be cond�nned under the power of eminent domaia, or
<br /> acqutre�d for a public nse, the dama,�es awsrded, the proceeds tor the takin� oP, or the coassiderstion for
<br /> wch aopuiaitian, to the extent oY the full amouttt of the resnainin� unpaid indebtednems ee�cured by tkta
<br /> awetta�e, or l�ereby a�sissied to the �[ort�ee, and ahall be psid forthwith to said Mortas�ee, to be
<br /> ! applied a► account of the last maturins installmettts of such indelrtedneas.
<br /> i8. Ii the Yort�agor LaiL to naalce aaY paymenb a'hen due, or to conform to aad compty with aay
<br /> � ot the coaditioaa or aYreementa contained ie this mortga�e, or the notee W�hich it secures, then the
<br /> ent{re principal sum snd sccrued iaterest ahall at onrs become dyse and payable, at the electioa of the
<br /> � l(ortpM�e ; aad tSsi� a�ort�� msy thereupo�► be lorecbaed imxned'utely ior the whoie of the indebtsd-
<br /> . � Mp i�by a�eured, iecludia= the a�ost of eztendin� the abstract oP title from the date of thia mort-
<br /> � tap � tJrs tiaw ot eooameaclus such sui� � rerwnab3e attorneY's fee. and any auma pxid by the Vetenas
<br /> ° i �u��a�rst� pn accflunt af the at�tt�xnty or inaurance of the indebtednesa secured hereby, all of which
<br /> �' d� � ieclud�sd i� tbs deer�s of lae�o�wre. �
<br /> «; — - c�
<br /> * �,� },� y� � �u,� � be �raateed or insured under Titae E8, United States Code, �
<br /> wd► '� sed �hs�as lss�wed tltsraaader sad in etCect aa the date hereot shall �overn the riahta, duties Y' °
<br /> ,, � a�i �i�s at' tl�e /�attias iNteto, aad aay provisiwu of this or other inatrnments executed in cossr►ection
<br /> ' ' �ri'ta rid � w!ildt �te�e ineem�lsbet w4th tsid ltitie or Re�ulations are herebY ameeded to �
<br /> ' r°°'�'�"` V'r"`"'`"' " " � �
<br /> x '!"M+e ao�sb lietrin e�ttainsa �Mall btad. sad t�e banellb and advanta�+as �hall itture to, the .,. ¢:
<br /> � �
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