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<br />5.:f he fails W pay any sum yr keep any covenant provided for in this mortgage, 'the Mortgagee, at
<br />its option, *nay pay yr perform the same, and all expenditures so made shall be added to the principal sum
<br />owing on rite above note, shall be secured hereby, and shall bear interest until paid at the rate provided
<br />far in the principal indebtedness.
<br />7. Upon request of the Mortgagee, Mortgagor shall execute and deriver 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, cr for *.axes or assessments against the
<br />same, and for any other purpose elseFVhere authorized hereunder. Said note or notes shall be secured
<br />hereby vn a parity with and as fully as if the advance evidenced thereby evere included in the note first
<br />described above. Said supplemental note or notes shall bear interest at the rate provided for in the prin-
<br />cipal indebtedness and shall be payable in approximately equal monthly payments for such period as may
<br />be agrec•tl upon by the &ior•tgagee and Mortgagor. r^ailing to agree on the mattu•ity, the whole of the sum
<br />or sums so advanced shall be due and payable thirty (30) da}-s after demand by the 14iortgagee. In no
<br />event shall the maturity extend beyond the ultimate maturity of the note first described above.
<br />8. He hereby assigns, transfers and sets over to the Mortgagee, to be applied toward the payment of
<br />the note and all sums secured hereby in case of a default in the performance of any of the terms and cotrdi-
<br />tions of this mortgage or the said note, all the rents, revenues and income to be derived from the mort-
<br />gaged premises daring such time as the mortgage indebtedness shall remain unpaid; area the 3ortgagee
<br />shall have power to appoint any agent or agents it may desire fur the purpose of renting the same and col-
<br />lecting the rents, revenues and income, and it may pay out of said incomes all necessary commissivr?s and
<br />expenses incurred in renting and managing the same and of collecting rentals therefmtn; the balance
<br />remaining, if any, to be applied toward the discharge of said mortgage indebtedness.
<br />9. Ha will eontinuousty maintain hazard insurance, of such type or types and atnuuais as Mar-tgagt~
<br />may from time tv time recruire, on the improvements now or hereafter or_ said premises and except when
<br />payment for all such premiums has theretofore been made under (a) of paragraph 2 hereo€, wi€I gay
<br />promptly when due any premiums therefor. Upon default thereof, Mortgagee may pay the same. AIt
<br />insurance shall be carried in companies approved by the iortgagee and the policies anel renewals #]ti't•e<t€
<br />shall be held by the Mortgagee and have attached thereto loss payable clauses in favor of and in €orm
<br />acceptable to the ikiortgagee. In event of loss Mortgagor will give immediate notice by mall to the Moe#-
<br />gagee, tvho may make proof of loss if not made promptly by Mortgagor, and each insurance etampatty evn-
<br />cerned is hereby authorized and directed to make payment for such loss clinetiy #a the Mortga iresteaci
<br />of to the Mortgagor and the 141ortgagee jointly, and the insurance proceeds, or any part them,
<br />may be applied by the Mortgagee at its option either to the reduction of the indebteatness trereby secur•~t
<br />or to the restoration or repair of the property damaged. In event of foreclosure of #]tis mortgage, ar other
<br />transfer oC title to the morkgaged property in extinguishment of the indetrt_+dr?ru4 =flcute-z ha*retzy. alt
<br />right, title and interest of the Mortgagor in and to any insurance poticies then in €i~rer shall pass #o tied
<br />purchaser or grantee.
<br />10. As addttronal acrd evllateral srcurrty fur the payrn~nt jf the nntc° c~~r~,i,::r~: a s::~ts to;a~;~te
<br />due under this mortgage, the Mortgagor heretty assigns to the Mortgagefe atl least l~nus gt•s~te#s, ~v~-
<br />nues, royalkies, rights, and other benefits accruing t!i tl~ tiicrtr~ahnxr utt<.te=• aE?y at_~?1 fit! ~+ Ate=? t
<br />now, or during the life of this mvrigaga, executed ort saki prerni ~,•ith t`:_e~ r=at r~ _~~ ~
<br />fur the saatlc and apply them to said indebtednc~Ks as welt i,efare as after ale=xult is t~ :~€! ~ Wi=t=
<br />mortga~~ and tlte' ~Ivtgt; :ay d~. .ter ue € ° .-~r~ct •~~ a e _ ,
<br />al;lc, but shat! not be required so to do~This assi~~~~c~t ~ te? freer are~t~• t = _~~t -
<br />release of this mortgage.
<br />ll. I-Ie shall Hat commit yr permit waste; and shaft maintain ttte pra~rty in z~a gue~>El c+~xedrti~ ~ at
<br />present, reasonable wear anel tfar excepted. Upon any failure t, so mairatxin, ~1vr-tgag,:~-, at eta ~wltic+rt.
<br />may cause reasonable maiutettauce work to be ;xrfv€med xt the cost of Atnrtg-ag€~r. grey xnt€xttttn fwd
<br />therefcn• by Mortgages= shalt bear interest at the rate provided for in the pritF.•i~tt inelcGtcvtnes3. siWtll
<br />thereupon bac•otne a part of the indebtedness securecf by ttus instrument, rutakat} au~l oaa a parity w ah all
<br />other indebtedness secured hereby, and shall be payable !bitty (30) c{ays afro=r rl.=nannei.
<br />72. if the premises. m• any part thereo€, be eonclemneel under ttte puieer caf entin.=nt <t;.neaip, or
<br />acquired for a public nse, the damages awarded, the ln•aeerels fr,r the- kakiitt; af, or they .e:n:,;«t,-a°ation for
<br />such acquisition, to the e:dcnt of the frill amount of the .•<•mrtining unpaid irulrtateeine•s-> :r,~tE.~v,t by this
<br />mortgage, or hereby assigned to the Mortgagee, and shall bc• paid forth.vith to s<ai,i ~I<., t=: ~,.r_. m ter
<br />applied on account vC the last maturing iastatlmevts of such inclebtedre€i.
<br />13. If the .lortgagor fails to make any payments when due, or to cceuturm to and cuntpty with ;ury
<br />of the conditions ar agreements cmttained in this nu>rtgaga=, ur khc notes tvhietr it sf~ctrre~r, then the
<br />entire principal cunt and accrued interest shall at once bcrwne duo xne! t?ayabte°> at the vlt'e`+i?n +-+f rho
<br />14tortgagee; and Phis mortgage may thereupon be fvrcxlvsed immediately for the ~etrc~le erf the ind¥ht€Yt=
<br />Hess Iterei)y secured, including the cyst of extending the abstract of title Cruttt the date a€ tli~ mort-
<br />gage to the time of commencing such suit, a reasonable attorney's t'ee, and uny° sums luti~i by ihr 1'e-tr~rans
<br />Administration on account of the guaranty or insurance of Cite inclelrteduess secured her„fay°, aft vC a ttich
<br />shall be included in the decree of foreclosure.
<br />14~ If-the indebtedness secured hereby be guaranteed oe• insured ancier Title ;18, United States_ t'eKie,
<br />such Title and R.®gttlations issued thercander and in effect on the date hereof shall gv: ern the rights, dot ies
<br />and liabi}sties of the parties hereto, and any provisions of this or other instruments executed in conncx tion
<br />with said indebtedness which- are inconsistent with said Title ar Regulations nee hereby amended to
<br />conform thereto.
<br />The covenants herein contained shall- bind, and the benefits and advantages shall inure tin, the
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