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.".........,,~-'!~ B3-Q03887 7. INSPECTION: The Mortgagee may inspect the property and the improvements at all reasonable times, and upon default by the Mortgagor in the maintenance of the property, the Mortgagee may perform such maintenance and add the expense to the principal balance of the note. 8. CASUALTY LOSS: In the event of loss or damage to im- provements or fixtures on the property, the Mortgagor may elect to repair or replace such improvements or fixtures. If the Mortgagor shall elect not to perform such repair or replacement, the principal balance of the note and accrued interest shall become due and payable at once, at the election of the Mortgagee. Any insurance proceeds payable by reason of loss or damage shall be placed in escrow with the Mortgagee and disbursed during or upon completion of repair or replacement or applied on the last maturing payments due on the note, at the election of the Mortga- qor.. 9. CONDEMNATION: If all or any portion of the real is cond",mned or aCq\11red for public use, the resulting proceeds or consideration !>hall be c1ssigned and paid Mortgagee and tlppli~d on the last maturing payments due note. estate award, to the on the 10. DlJJ3 ON SALE: If tht!: property or any interest in the property 18 sold or conveyed or becomes subject to an agreement to sell or conveyor <HI option to purchase prior to the time the IndebtedneilS !'fecured is plud in full, the entl.re indebtedness slIIcuroo by t.his mortgage shall become due and payablE), at the election of the Mortgagee. 11. ASSIGNMENT OF RENTS: Upon any default, the Mortgagee may collect all rents ,~nd profits frOlll the property during the continuance of such default. Upon the delivery of a copy of this assignment to tI.ny tenant of a portion of the property, such tenant shall pay all subsequently accruing rents to the Mortgag- ee, until furthe.r notice from t.ne Mortgagee. 'fhe Mortgaqee shall apply all rents received frOln the property to the expenses of collection, to the expenses of maintenance of the property, and to tht;! principal balance of the note. 'the Mortgagor agrees not to collect rent$ from the property in advance. 12. RSCJ!iIVE'Jh Upon any dehul t and the commencement of pro- ~1n9. to for1tclos8 titia moJ:tg,;llJe, the Mortgagee shall be t\ntJ,tled to pQlJ$e.llion and UlJe of the property, including the ~.nt. 4nd profits, during th~ pendency of such proceedings. ll'Q...uUf,lon_Qf the pro~rty s!laU be delivered to the Mortgagee. If ctf!livery of polli~.IU;:tn b retuiu!d by the Mortgagor, the -2-