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83..JJ03888 7. INSPECTION: The Mortgagee may inspect the property and the improvements at all reasonable times, and upon default by the Mortga9or 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 Mortga9or 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- gor. 9. CONDEMNATION: If all or any portion of the real estate is condemned or acquired for public use, the resulting award, proceedS or consideration shall be ,~gsigned and paid to the Mortgagee and applied on t.he last maturing payments due on the note. 10. DUE ON SlU,E: If the property or any interest in the property is sold or conveyed or b~comes subJect to an agreement to sell or conveyor an option to purchase pt'ior to the time the indebtedness secured is paid in full, the f,mtire indebtedness secured by this 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 and profits from the property during the continuance of such default, Upon the delivery of a copy of this assig:nment to any tenant of a portion of the property, such tena.nt shall pay all Subsequently accruing rents to the Mortgaq- eel until further notice from the Mortgagee. The Mortgagee shall apply all rents received from the property to the expenses of collection, to the expenses of maintenance of the property, and to the principal balance of the note. The Mortgagor agrees not to collect rents from the property in advance. 12. RECBIVBB: Upon any default and the commencement of pro- c.eedinqs to foreclose this ll1Ortgage, the Mortgagee shall be ent.itled to possession and use of the property, including the rents art<<! profits. during the pE\!ndency of such proceedl.ngs. PoaIiHl!SSJ,oR of the property $hall be delivered to the Mortqagee. If dlllliv~ry of posslilssion is refused by the Mortgagor, the -2-