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<br />&. Ii he fails to pay any sum or keep any covenant provided far in this mortgage, the Mortgagee, at
<br />its option, may pay or perform the same: and alt expenditures so made shall be added to the principal sum
<br />owing on tl-1e above note, shalt be secured hereby, and shalt bear interest until paid at the rate provided
<br />for' in the principal indebtedness,
<br />?: Upon request of the 141artgagee, Mortgagor shall execute and deliver a supplemental note ar notes
<br />far .fie sun'e o ...a.a cdvaeeced b Mare men ~ „ twha alt,~,r4tio ,.^.,derl. ati^ , ar i:r ..r..-•°-° -'-
<br />- y Sab ~> m 1]d V VG311en41{1aUC at
<br />the Mortgaitor's request; or for maintenance of-said premises, ar for taxes or assessments against
<br />saw, cried for any other purpose elsewhere authorzzed hereunder. Said note or nag=s shall be sel~ured
<br />hereby on a parity with and as fulIg as if the advapee evidenced thereby were included in the note-first
<br />described abo4°e. -Said supplemental Hate or notes shall bear interest at the rate provided far in the grin-
<br />cipsl indebtedness and shad be payable in approximatel3* dual monthly payu,ents far such period as may
<br />be agreed upon by the TFiortgagee and Mortgagor. Failing to agree on the maturity, the u-hole of the sum
<br />or sums so advanced shall be due and payable thirty {30} days after demand by the Mortgagee, in no
<br />event shall the maturity extend beyond the ultimate maturity of the note first described above.
<br />1 8. ?le hereby assigns, transfers and sets over tti the Mortgagee, to be applied toward the payment of
<br />the note and all sums secured hereby is case of a default in the performance of any of the terms and eandi-
<br />*_ians of this ...a3•* ar the said note, all the reHtA, ,..Hues and income to be deriv°-' ^~- t,~e mom
<br />-gage G.,, llo„ 1
<br />gaged premises during such time as the mortgage indebtedness shall remain unpaid; and the Mortgagee
<br />shall have power to appoint any agent or agents it may desire far the purpose of renting the'same and col-
<br />lecting the rents, revenues and income, sad it may pay out of said incomes alt necessary commissions and
<br />expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance
<br />remaining, if ary, to be applied toward the discharge of said mortgage indebtedness.
<br />9. He will continuously maintain hazard insurance, of such-type or ty~s and amounts as Mortgagee
<br />may from time to time recluiee, on the itripravements Haw or hereafter on said premises and except when
<br />payment far all such premiums has theretafare been made under (a} of paragraph 2 hereof, will pay
<br />promptly when due any premiums therefor. Upon default thereof, Mortgagee may pay the same. All
<br />insurance shall be carried in companies approved by the Mortgagee and the policies and renewals thereof
<br />sltatP be held by the Mortgagee and have attached thereto Ions- payable clauses in favor of and in farm
<br />acceptable to the :Mortgagee. In event of lass Mortgagor wilt give immediate notice by mail to the Ma*•t°
<br />gagee, who may make proof of less if not made promptly by Mortgagor, and each insurance campanp can
<br />corned is hereby authorized and directed to make payment far such ;ass directly to the \lortgagee instead
<br />of to the Viortgagar and the lliortgagee jointly, and the insurance prxeeds, ar any part theraor,
<br />:r=ay ite applied by the traartgagee at its option either to the reduction of the indebtedness hereby secured
<br />ar to the restoration ar repair of the propertg damaged. In event of fareclasure sf ~±is mortga~, ar other
<br />transfer of title to the mortgaged groperty in extinguishment of the indebtedness secured hereby, all
<br />right, title and' interest of the Mortgagor en and m any insurance policies then in farce shalt isass to the
<br />purchaser ar grantee. -
<br />14. As additional and collateral security far the payment of flee Hate described, and all sums to become
<br />doe ender this mortgage, the Mortgagor hereby assigns trr the Mortgagee all leaee 6anuses, profits, reve-
<br />nues, royalties, rights, and ether benefits accruing to the Martgag€er order any and sit ail and gas teases
<br />no~v, ar during the life of this mortgage, executed on said premises, with the rs"ght to receive and receipt
<br />far the same and apply them to said indebtedness as well before as after default in the conditions of this
<br />s~a•±aage, and the 'llortaagaa ma, demand suAs fur aid r~a:~4r a ny st.~,€~ y~y.;;ents ~°h >~n due and t~Y-
<br />able, but shall not be required so to do. This assignment is to terminate and became null and void upon
<br />a•etease of this mortgage.
<br />il. He s'nall not commit or pea•mit waste; and shaft maintain the property in as goad condition as at
<br />present, .reasonable wear and tear excepted. fipon any failure to so maintain, Mortgagee, at its spoon,
<br />may cause reasonable maintenance work to be performed at the east of Mortgagor. Any amounts paid
<br />therefor by &Iartgagce shall bear interest at the rate provided for in the principal indebtedness, shall
<br />thereupon become a -part of the indebtedness secured by this instrument, ratably and on a parity with all
<br />other indebt~ness Secured hereby, and shall be payable thirty (30} days after demand.
<br />12, if the prerrtises, oz• any part thereof, be condemned under the power of eminent damaia, or
<br />acquired far a public use, the damages awarded, the proceeds for the taking of; ar the consideration for
<br />such acquisition, to the extent of the ful} amount of the remaining unpaid indebtedness secured by this
<br />mortgage, or hereby assigned to the Mortgagee, and shall he geld forthwith to said Mortgagee; to be
<br />applied on account of the last maturing instalitnents of such indebtedness.
<br />13. If the Mortgagor fails m make anY payments when due, or to conform to and comply with say
<br />of the conditions or agreements contained in this mortgage, ar the notes whit h it secures, then the
<br />entire principal sum and accr~aacl interest shall at once become due and payable, at the election of the
<br />Mortgagee; and this mortgage may thereupon be fareetased immediately for-the whole of the indebted-
<br />- _neas hereby seemed, including the cos: of extending the abstract of title-from-the date of this mtrrt-
<br />-g~33~ to the tithe of commencing such suit, a reasonable attarreey's-fee, and any sums paid: by the Veterans..
<br />Adriinistratian on account of the guaranty: or insurance of the indebtedness secured hereby, all of-which
<br />shall be included io. tk4e decree of foxeclosnre.
<br />14. If the ind~bLedness sQCttzed here be mzaraiiteevi or insured tender ~`itle 38, Unithtl States mile,
<br />such ^iLle ar=d l1~•-t.1s „is i<~suR~ tt_ez eandtir Helot in eFFact on the datehereof shall govee~t the rights, duties
<br />end liatailities of the parties hereto, and aaty provisions o£ this ar~thet• itkstrtrtneuts exeeutedin connection
<br />with said. indehtedne~ P~ltich are inconsistent with said Title` or IZegilations-are hby amended to -
<br />ent~orm,thereto.
<br />'~3ie cvvenaafts Ita'reir contained. deal! bind, sad the benefits and advantages anal€ inure to; the
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