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7~-- ~~:i$Q~1 <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 <br />