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<br />~3. That should tse fail to pay any Sum: or keep. arty. covenant provided for in this
<br />Mortgage, then the Mortgagee, at its option, naay pay or perform the same, and a71
<br />expenditures so made shah be added to the principal sum owing on the aboveinate, shall
<br />be secured hereby., ar.d shall bear interest at the rate set forth in the said note, until
<br />Raid..
<br />5. That he hereby assigns, transfers ahd sets over to the Mortgagee, to be applied
<br />toeaard the payrcent of ;.he Hate and all st,r~s secured hereby in case of a default in tike
<br />performance of any of the terms and conditions of this t"ortgage or *_he said note, .311
<br />the rents, revenues and }ncome to 6e derived from the mortgagEd premises ;,,r•inq such
<br />time as~the mortgage indebtPd~aess shallreoaaihun{~aidandthe f',ortgagee s"all have"
<br />pewer`to appoint any agent at° agents it rray desire for the p„rpose of repairing said
<br />premises and of'rerting the soiree and collecting the rents, revenues and income, and it
<br />may gay aut of said incomes all expenses of rep4iriz,g seed aremises and necPSSary
<br />coaranissions and expenses incurred in renting and managing the same and of cclieeting
<br />rentals therefraan; the aotance remaining, if any, to be app3ied toward the d~schar•ge of
<br />said rxgage indebtedness.
<br />5. Tiaat he iii?1 keep: the irrapravements oow existing or hereafter erected on the
<br />- mrrtgaged property, insured as inay be regained from time to'tiane by *5e +°'ertgagee
<br />against loss by lire ens: other hazards; casualties and contingencies an such amounts
<br />and `~r sucn periods ds-reaay be regained ry the '•iartgagee and wall hay oromptly, '.,'hen due,
<br />any premiums on such ansarrance pravisipn for pay!aaevat of which has not been made herein-
<br />: before. A?} in,surarce shall 6e carried in cnmpanaes approved by ttie i'~rtgagee and the
<br />golicies and renewals thereof shall be Feld'by the hSortganee and have attaci:ed thereto
<br />!oss payaole clauses in *avar of and in form acceptable to the NlCrtsagee. In event cf
<br />loss Mortgagor wi3l giveiaranedi'atenotice aymail ta'the Mortgagee,o-.no Tay rr~axe proof
<br />of loss if not rsade pro~aptly by ~lartgagor, and each insurance company concerned is
<br />_ Hereby 8uthorized and directed to :;eke f a;,^ment for such ?a5s: directly to t e Mortgagee
<br />instead a to the PA.rt:;agor and the ;9or-t cee saintly, and the insurance proceeds, or
<br />any part theredf, :ray ne a;.ali'eC by tn~: •'~rtga,~ee at its option either *_c the r-ed.,ction
<br />of the indebtedness Herr^y se:urn°d ar to ".erescaration or~repairof the Property
<br />daraged. "In event .af 'arec1osure :,, ,..,t -artgage cr other transfer of .title to the
<br />r~rortgaged-proaerty 'n exLingui5h:~nt ur ~^e indebteda~ess secured hereby, ail right, ~
<br />Lit'le and 'interest of ttae ^9t~rtgagor .n ~r.,o to any insurance policies the, .n fn~,-e snarl
<br />.pass to t#?e purchaser ctr grantee.
<br />_ T, That as additsonal andcollatera: ~eear;±yfor thepayrnent of the rote described,
<br />and all su~:s td becor,~e due under :.his ~ti, ca~?e, the tIOrtgagor hereb ass,•;•,s to the
<br />PBOrtga~eeail Profits~,revusues, royalt,~-s, r+r;^ea,and benefits accruing to the
<br />flartgagzir under any and al; Cii anti gas teases on said premises', ~Yith the raynt to
<br />receao•e and receipt f.,r tFe sake and apply _hen to said indet7*_:dness as V:ell as after
<br />default fn the conditions at this r€aortgage. ;.r,d tiie'l~lortgag2e may demand, sue for and
<br />reca~rer any sui,h pay~~nts when due and payable, but. sna?1 not be required so to do.
<br />`shin asagnmemt is to twrminate and ~ecan~ null and .~:id uDE3n release of this mortgage.
<br />3. That the ^!ortracor will: keep-the buildings upon said premises in good repair,
<br />and neither Coneit nor permit waste adpon said land, doe suffer the said premises to be
<br />used for any tinlawful purpc~e.
<br />9. That if the premises, er any Part thereof, be condemned Mader the power of
<br />: eminent dacrain, or acquired far a public use, the damages awarded, the proceeds for the
<br />taking af, or the consideration far such acquisition, to the:. extent. of the full arrouht
<br />of indebtedness upon ;his t~rtgae andtne note ;~rhi~h is given to secure r•_maining utapaid,
<br />are hereby assic;tcc by the Mortgagor to the Mortgagee, and sna71 be raid forthwith to
<br />said '•k,rtgagaN to be applied ty..the latter an acraunt of ~.he next r:at~r- r;•g installment
<br />of Such indebtedness
<br />The covenants herein caeatained shall bind., and the benefits and advantages shall i
<br />?nsure to, the respective heirs, ezecutars, adm,r:istratars, successors and assigns of i
<br />the taarties Hereto. i3henever used, the singular nupu>er shall intlucle the plural, the
<br />p3ural tine si~seuiar, and the use of any gender shat} be applicable to all genders.
<br />The `o ~_~loiny cariditions, all and singular, being perfarc;mod according to their
<br />- natural env ie~al ,^;Nrrt *,.,his conveyance shall be void and t,aid gr~3atise's released at t1;e
<br />expense pf tiie !•h,rtgagDr, otherwise to be and remain' ~.11 sarce and effect.
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