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<br /> 77- 0072bU
<br /> 6. lf he fails to pa>• an�� sum or keep any covenant prucided for in this mortgage, the Mortgagee, st
<br /> ita option, may pay or perfoi•m the same, and all expenditures so made shall be added to the principal eum
<br /> owing on the abo��e note, sha❑ be secured hereby, and shatl bear interest until paid at the rate provided
<br /> � for in the principal indebtedneas.
<br /> 7. Upon request of the Mortgagee, Mortgagor shall execute and deliver a supplementa! note or notes
<br /> for the sum ur aums advanced by Mortgagee for the alteration, mucicernization, ur improvement made at
<br /> the Mortgagor's reyueat ; or fur maintenance of said premisea, or fur taxes or assessments against the
<br /> same, and for any other purEwse elsewhere authorized herewider. Said note or notes shaA be secured
<br /> hereby on a parity ��� itli and as fully as if the a<lvance evidenced thereby H�er•e includcd in the note firat
<br /> described above. Said supplementxl note or notes shall bear intereat at the rate �rovided for in the prin-
<br /> cipal indebteduess and Shall be payable in approximately eyual mo�ithly� pa>•rnciits fue� euch period as may
<br /> be agreed upon by th�: M1furtgagee and Murtgagor. b'ailing to agree un the maturity , the H hole of the sum
<br /> or sums so acica�iced shall I,e due aud payable thirty ( 30 ) days aftur d�+mand by the Murtgagee. ! n no
<br /> ecent shall the matw•it>� �xtend beyond the ultimate maturity of thc nule firsl � iescribod .�bove_
<br /> 8. }Ie hereby assignti, lransl'ers atid sets o�•er to the Mortgagee, to be ap��li��d tu�ti�ar�! the payment of
<br /> the note aiid all sums sec•ured h«areby in case of a default in the pei•for�n�ince uf .iny � � f t}�e tei•ms and condi-
<br /> tions of this rnortgage or the said note, all the rents, revenues and income tu bc� dcri ��ed t'rom the mort-
<br /> gaged premises during s�ch time as the mortgage indebtedness shall ren�xin uupxid ; and the tifortgagee
<br /> shall ha��e po�rer tu appuiiit ant' agent or agents it may desire for the piu•po�r uf renting the samc dnd col-
<br /> lecting the rents, r���'eiiuo. zu�d income, aiid it may pxY ��ut of said iiuome� all nc cr�ssar�• cummissions and
<br /> ex �ienaes incurred iu r�ruting ai�d mana�iug the same aud of collecting r�•ntats thi• refcutn ; the balance
<br /> remaining, if au�• , to be a��plied to�card the discharge uf said mortgage iud��btedness.
<br /> 9. He �aill continuuu ,l�• maintain hazard insm•auce, uf such tYpe or t } K�es anc! amouuts as Murtgagee
<br /> ma�� fi•om time tu tiine r� �q : iire, oii the improcf�mentia nuw or hercafter on said prt��nis��s und tacept when
<br /> E�a> ment foc all such pn �miurns has theretofore been made inider ( a ) of p�tragraph '� hereof, H ill PgY
<br /> promptly n�hen clue :�n}� pr��n� iums therefor. Upon defaUlt thereof, Murtgagrc �nay pay the s�tme. A❑
<br /> in�urance shall b.� carri �•�i iu compxnies appruced by the �7urtgagee and thi� � �uli �� i ��s an�l r� rne �� als thereof
<br /> sh .ill be h��ld by the 9lurt� aga�e and ha�•e attach��d tihereto loss pa>�able clxu �es in 1'a� or of aud in form
<br /> acceptable to the Dlortga�;��e. In event of losa Mortgagor H� ill gice imini�diate nutict� kiy mail to the Mort-
<br /> gagee, whu may make p � �,uf uf luss if not made promptly by Murtgagor. an� l c�ch iusurance cumpany con-
<br /> c� � rued is hereby� xuthurireil a�� c� dir�rcted to ruake paymt:nt f'or such loss diroctl�� t�� the 9�lortgager inatead
<br /> uf tu the 1lurtgagur an �l the 1'Iortg,igee juintly, xnd the inrurance ► n•�x•eed �, ur any pert thereuf,
<br /> ma)� be ap� � ti ��d b� th�� MortKxgee at it� optiun eit}ier to the reductiou ol' tfur iudr�tedn��ss heri�by .;��wv�d
<br /> or to ttte r��storatiou ur r�• pxir of the property dama�ed . In e�cent uf Foreclosw•c� u1' this mortgage, or uther
<br /> trsnsfer of' titL> tu ther niurtg�xge�3 pruperty iu exlinguishmeut uf the indobtodn��ss ,ectn•�•d herrby , all
<br /> � ri �'ht, title aud intei•est uf' the� !�furtgagur in aud to any insiu•ance policit •, th ��u in f� � r�•r shall pasa to the
<br /> purchaser or grautcr.
<br /> 10. As additiunail au�l cullateral s�cw•ity f'or the {�a��meuL uf the nute � 1�•scrilx�d , .uul all sums tu becotne
<br /> du�� under this mortgage•, the Mortgagor herc.by assigns to the Mortga��•e all le:ise buuus��s, profits, reve-
<br /> nues, royaltics, rights, a;n � ! ��ther F>enefits acc�ving tu the Mortgagor und.�r nn>� an�l all uil aud gas lease�a
<br /> no�v, or during tne life u1' this mortgage, executed on said prrmises, �� ith th� r right t�� recei ���a and receipt
<br /> for the �<uuc and appl�� them tu said indebtedness a� �vc�ll be�i'ore as af'ber <l��t'ault iu tho conditions of this
<br /> murtgage, xn�l the Dtort�ag��e may demand, sue for and recu�•er aiq� such pa� rn.•nts �rhi�n � lue and pay-
<br /> ablc�, but shall not be rryuir�•d so to do. This assignment is tu terminate and becume uull and void upon
<br /> rc, kase of this mortgxge.
<br /> 11 . He shall not cummit ur permit H�aste ; and shall maiutain the pru�x�rt}� in ds guud �•ondition as at
<br /> present, reaso�taUle �cear au�1 tear excepted. Llpu�i ax�y 1'ailure to su maintain, Mortg�gee�, at its option,
<br /> nia�• cause rt�nsuna�l �� maint��nauce �t�ork to be perf'urmc�d ati the cost of Murtgagor. �ny amounts paid
<br /> th�� reibr b> Murtga�;�•e shall bc�ai- i �iterest at the rate pruvided for in the princip<tl iudebtedni•ss, shall
<br /> thE �reupon become a part of the indebtedn�•ss aecured by this iustrument, ratabl�• and un a parity with all
<br /> other indc:btedness s��<•in'c�d herebv, and shall be pa��able thirty ( 30 ) days af'toc demand.
<br /> l 'L. !f the premises, or any part thereof, be condemned under the po�� er uf c•minent domain, or
<br /> acyuired fur a public usr. , the damages aH�arded, the proceids fo!• ihe takiiig of, ur tho cunsici�• ration for
<br /> suc}t acyuisition, to the extent uf the full amount of the remaining unp3id indi�l.�t�•� Inevs secwrd by this
<br /> mortgage, or hereUy assigned to the Mortgagee, and shall be paid forth �+ ilh tu ,;iid Murtgagee, to be
<br /> applied on account uf the last matui•ing installments of auch indebtrdnrss.
<br /> l3. If the Mort,gagoi• tails to make any payments w•hen due, or to confurm tu and comply w� ith any
<br /> of the conditions oi• agreements contained in this mortgage, ur the nutE•s �� hich it secur<,s, then the
<br /> entire principnl aum and accrued intereat shall at onee become due and pa��ablo, at the elc�ction of the
<br /> Murtgagee : and tFtis n �urtgage ma�y t►iereu �uu tx� furcvlusrd in�mediatrly fur LLr �� lud�• irf iho iudebted-
<br /> ness hereby �urrd, inrluding the cost of ratruding the xbstr»ct uf title fruni the �lalr uf this mort-
<br /> gage to the time of commencing such suit, a reasonable attorney's fee, and any sums paid by the Veterans
<br /> Administration on account of the guaranty or insurance of the indebtedness secwed ht•r�•by-, all of which
<br /> shsl! be included i� the decree of forecloaure.
<br /> 14. If the indebtedness secured hereby be gusranteed or insured under Title :i8, i?nited States Code, " ""''
<br /> � euch Title and Re;ulstione isaved thereunder and in effect on the Aate here�of shall govern the righta, duties �' °�_
<br /> a.ed lisbilitiea of tlre parties hereto, aad any proviaiona of this ur other instruments ezecuted in connection
<br /> with said indebtedr�es which are inconsistent with said Title or Regulations are hereby amended to °A�•♦�
<br /> conferm thereto.
<br /> The covet�ants herein contained sha11 bind, and Lhe benefits and ad�•antagors shall inurc to, thc
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