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<br />84f~dDa088
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<br />6. I f he fails to pay any slim or keep any covenant provided for in this mortgage, the Mortgagee, at
<br />its option, may payor pel'fOl'm the same, and all expenditures so made shall be added to the principal sum
<br />OWing 011 the above note. shall be secured hereby, and shall bear interest until paid at the rate provided
<br />fol' In the principal indebtedness,
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<br />7, l'pon request of the Mortgagee, Mortgagor shall exc-cute and deliver a supplemental note or notes
<br />for the sum or sums advanced by Mortgagee for the alteration, modernization, or improvement made at
<br />the Mortgagor's request; or for maintenance of said premises. or for taxes or assessments against the
<br />same, and for any other purpose elsewhere authorized hereunder. Said note or notes shall be secured
<br />hereby on a parity WIth ann as fully as If the advance evidenced thereby were induded in the note first
<br />descl'lbed above. Said supplemental note or notes shall bear interest at the rate provided for in the prin-
<br />cipal Indebtedn.'ss and shall be payable in approximately equal monthly payments for such period as may
<br />be agreNJ upon by the ~[ortgagee and Mortgagor, Failing to agree on the maturity, the whole of the sum
<br />or sums '0 advanced shall be due and payable thirty (;30) days after demand by the Mortgagee, In no
<br />~Vt--'nt shall the matUI':t:; extend beyond the ultimate maturity of the note first described above.
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<br />8, He hereby as-"gns, transfers and sets over to the Mortgagee, to be applied toward the payment of
<br />the note and all sums seeul't'd hereby in case of a default in the performance of any of the terms and condi-
<br />1,011' o[ thIS mol'tgage or the said note, all the rents. revenues and income to be derived from the mort-
<br />gaged pl'emll'es during such tIme as the mortgage indebtednell5 shall remain unpaid; and the MortpI"
<br />shal\ hav" power to appomt any agent or agents it may desire for the purpose of renting the same and CDI-
<br />lectmg the rents, revI'nu!'. and Income, and it may payout of said incomes all necesaaty commiuiollll and
<br />,'xpenses ,ncurred In I't'oting and managing the same and of collecting rentals therefrom; the-balanee
<br />rClnammg, If any, to be applted toward the discharge of said mortgage indebtedness.
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<br />9. He will continuousl)' maintain hazard insurance. of such type or types and amountsaa)(~
<br />may from time to time lemlll'e, on the improvements now or hereafter on said premiaesandexeePt','!'~.
<br />payment [0.' ali such pn.'mlUITlS has theretofore been made under (a) of paragraph 2 hereot~-""ilL~
<br />promptly when due any premIUms therefor, Upon default thereof. Mortgagee may pay tlul, l\UIIeo. .All
<br />:nsurance shail be carrwd In companJes approved by the Mortgagee and the policies and renewa!a-thtrejJf.
<br />:lhaH be held bY the :\Inrtg-agee and have attached thef'eto 10M pai~ahle dliUS€S- in favor vf and.. hL~Gr8i
<br />acceptable to t.he :lfortgllll~. In ew, . .>1 loss Mortgagor will give imruediate notice by mallb:lthec,Jlort.
<br />gagee, who may mah pmof ,>f I,)SI! If not made promptly by Mortgagor. and ('!lch insurance coI\'lpluQ!l>>l1.'
<br />eerned " hereby authol'iud and "irfftt'd to make payment for such lOllS directly to the MOl'.geei~tead
<br />fA to the :,[ortgagor and the ~!ortll'agee Jointly, and the insurance proceeda. or any P&I't tbenqf,
<br />mny he applied by the Mortgagee at its optlOn etther to the reduction of the irl(lebtt!dneJlllhlll'l!~~'~~'>"
<br />,.!' to the l'l'stOrlttlOn ')I' repair 'of th<! property dlUlUlged, in event of foreclosure ofthis,mo~,,'mr.""
<br />transfer of title to the nHll'lgl\ged property m extmguishment of the indebtednossseeuredherebYr',liJl>
<br />rlght. utle and 'ntH','O[ ;.( the Mortillll'or In and to any ll\auranCe policies then tnforcel!hall:~.,tQC,tb.'
<br />pun,"'hase-r or grnntet:',
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<br />11), As addltion,,1 all" ,'"I\"t,,,'al """unty fo!' the payment of the note dO$""lb('t1, and alli!um".b:l~e,
<br />due under th.s mOl'tl!'i1~:"', till' "lllrtgagor h"r!.'by assIgns to the :,fortgugee all li.!lUIe bonu5l!s"proil~il;e.!~":
<br />nul'S, royaltIes, nghts, "nil or!"'r oenetlts accruing to thellIol'tgnll'or undtir any nnll all()il'a;nd'.,l~~.~,'
<br />now, l.lr dUl'lng tne Jd<! "f ,hrs mongage, <!xei;uted on 1<a1d pl'emiaell. with the 1'!Jrhttu l'eooi~~'I'~Rt:i,'
<br />[0.. the "aree and app" ,hern to "lOd indehtednes., as well hef<)l~ tuI alter default inthe'(londitiJ)Mi~,llt;tbii,',
<br />mUl'tgag", ."'Hi t!i" ~l<}; tgag"" may d.!mand, sue for and recover any sueh paymentl! wh~n'dUe,.jlJld';,~""
<br />able, but ,nail not b" ,equil c',1 ." ti) do. This assignment is to terminate and, boeome nulla;nd'void'jJilD.lf.;
<br />release t:d th18 mortgage.
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<br />II. He ..hall not ('"mmlt 01' t>el'mll waste; and .hall maintain the property inM,,~IlJ)nd.ition'Jl1i,.t,
<br />present, r€'a:;onabie \\'0"1' and tear excepted, lJpon any failure to so maintaiu, .Ml>rt_jIlle",~Jta::()'PtUm~
<br />may calla" ..easonau,c mamtomance work tD he performed at the cost of Mottgaaol', Any,~l!,~te:;~~_
<br />th,'refor by MOl'tgal"'" ShlIll bea;' ,nt",!'est at the rate provided for in the phnciPalindebteOne.ll>$l\)ll
<br />thHeup"''' becume a jJart of the mdebtedne." secured by this Instrument. ratably flnd on a p.al'Itywlth'all.
<br />,',ther mdebtedn.."" s"cur,'d hen,b}', and shaH be payabie thi1'ty laO) days after demand,
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<br />1;2, If the premise., or any part thereof, be c<}ndemned under the PO;Vi!l' of eminent dO~IJ;,,;.or
<br />acqulrt<<! for a public lise, !he damages awarded, the proceeds for the taking of. or the <:onsideration,fol'
<br />SllCh acqlHslt]on, to the <,xtent or' the full amount of the remaining unpaid indebtedne.!!ll seeured by this
<br />mortgage, i!r her..hy i\SsJgne<i 1.0 the :.10rtgagl<e, and shall be paid forthwith to said Mortgavee, to be
<br />applied \)n account ,d the last maturmg installments of such indebtedness.
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<br />13, [f the :llortgalru' falls to make any payments when due, or to conform to and comply with any
<br />df the (()ndltlon~ ')1' ag!'etments contalllM m th.s mortgage, or the notes which it secureA. then the
<br />,'ntit-e pr-U1C\.p.a1 ~urn and ac-cruM mterest snail at onc~ btXome due and payable, at the election -of the
<br />>[urtgalfl!<!; and til.. mortg"ge may thereupon be foreclo,ged immediately for the whole of the indebted-
<br />!l~ hereby st"Cul'<,d. '"dtlding th.. cost of extending the abl<tract of title from ti,e date of this mort-
<br />ill"" to the tIme ',f "ommencmg ,mell suit, a reasonable attorney's fee, and any sums paid by the Veterana
<br />Administration on acconnt (>f the guaranty or Insurance of the Indebtedness ~;u!'ed hereby, all of which
<br />"hail be inciud;,d In the decrC<! of fore<:lo.sure,
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<br />14, If the mdebte>Jness secured her..by be guarant"..d 0.. lt1sul'ad under Title 38, United States Code.
<br />*ueh Tltlj!t an-.-i Rf~lfU-!~t-k~n! :~!!t.H!'rl thereunder and" m effect on the dat~ her~)! :shaH govern the ri,ghts. duti~
<br />alllt liablhtJ"1 of the parnes hereto, ""d anY pr""tsions of HllS or other .nscruments eX1><:uled in ronneetion
<br />with wd JIldlot",ine...,. WhlCh ar.. inrOlUlist,mt with said Title '.It RegulatlQns an. he""by amended to
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