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<br /> <br />6. If he fails to pay any sum or keep any covenant provided for in this mortgage, the Mortgagee, at <br />fits option, may pay or perform the same, and all expenditut•es so made shall be added to the principal sum <br />owing on the above note, shall be secured hereby, and shall bear interest until paid at the rate provided <br />for in the principal indebtedness. <br />7- Upon request of the Mortgagee, Mortgagor shall execute and deliver a supplemental note or notes <br />for the sum or sums advanced by Mortgagee for the alteration, moderniattion, or improvement made at <br />the Mortgagor's request; or for maintenance of said premises, or for tales 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 and as fully as if the advance evidenced thereby were included in the note first <br />described shoe=e. Said supplemental Hate or rotes shall bear interest at the rate ptrov ided for in the prin- <br />cipal indebtedness and sha13 b payable in approximately equal monthly payments for such period as map <br />be agreed upon by the \iortgagee and Mortgagor. Failing to agree an the maturity, the whole of the sum <br />or sums so advanced shall be due and payable thirty (30} daps after demand by the Mortgagee. In no <br />event shall the maturity extend beyond the ultimata: maturity of the note first described above. <br />$- He hereby assigns, transfers and sets over to the Mortgagee, to be applied toward the payment of <br />the note and ail sums stY~r>d hereby in case of a default in the performance of any of the terms and condi- <br />tions of this mortgage or the said note, all the rents, revenues and income to be derived from the mort- <br />gaged premises during such time as the mortgage indebtedness shall remain unpaid; and the Mortgagee <br />shall have power to appoint anti- agent or agen#s it may desire for the purpose of renting the same and col- <br />Iecting the rents, revenues and income, and it map pap out of said incomes all necessat~• rnmmissions and <br />e?:penses incurred in renting and managing the same and of collecting rentals therefrom; the balance <br />remaining, if ant, to be applied toward the discharge of said mortgage indebtedness. <br />9. He will ca~ntinuously maintain hazardinsurance, of such type or types and amounts as Mortgagee <br />mar from time to time ; ct7uire, on the improvements Haw or hereafter on said premises and except when <br />pa}•tneut for all such premiums has theretofore been made under (a} of paragraph ?hereof, n•ill pap <br />pmmpt(v when due any;aremiutrrs therefor. L'pan default thett~of, Mortgagee ma}• pay the same_ X11 <br />insurant~ shall P.e earriit•3 in ezttrpanies approved by the :i4ortgagee and the policies and renewals thezeof <br />shall ix head by tl,e !~Iartgagee and have attached thereto lrv payable clauses in favor of and in farm <br />a~zeptaole io the Slextr*agee_ In event a~f lnss Mortgagor gill give immediate. notice by mail to the Mort- <br />gagee. whn may make prc,.~i of loss if not. made promptly br Mortgagor, and each insurance company con- <br />ierned is Y:treby authorized and directed to make parmcnt for such loss dira~tl~- to the ]lortgagee instead <br />of to the 3iortgagnr and the ?Mortgagee jointly, and the insurance proceed,, nr any part thereof, <br />may be applied by the .@'iortgagee ai it,. option either to the reduction of the indebta~t~ness hereby secured <br />.±r zo tt,e n~storation or repair of the property damaged- In event of forerlosure~ of This mortgage, or other <br />transfer of title to the 1tu,rtr?aga*d pmper•tp in extinguishment of the indebtedn~~~ secured hez-ebv, alt <br />right, title and interest of cite Slortgagar in and to any insurance policies ?hest in ford shall pass to the <br />pus•rhaaser or grantee_ <br />Ili. ~, a,Ic1ill.ur~.i atx: cv~llateral security for the payment of the nett dent r:be.i, and all sums is bay ume <br />dt~ under this mcrtg:tg<•, thz° Mortgagor herebv assigrts to the ~iartgagee :ill lease bottusea, profits, t•ev~ <br />nub mlaltiees„ right;, z:nt; c+ther benefiLc aatnting to the Mongagor undt:r any and all „il ra:~d gas leases <br />non=. or during tt3e life .,f this mortgage, executed on said p:~=misac, u-ith the right to receive and t•eceipt <br />for ~ setae anal app?} th,~m tz, ~•aid indebtedness as well ]x•fom as after default in the tYmditions of this <br />mt>rtgag~, and the .'da~rtgagri• may demand, sue for and t~?cover env such pa~-mrnts a-hen due and par- <br />ahk, but s.'sall nni i~ =eyuirrtl so to do. "This assignment is to terminate attd tucome null and vnid aeon <br />reltia~ of this mortgage. <br />32_ ~e xhau not c4irnatit or permit xaste; and shall maintain tae pra~}xrrti in a.. gixxi condition as at <br />gresettt, reasonable u-tuzr and test excepted, i'pon any failure to so maintain, 3iartg-agt~, at its option, <br />easy t rzssa,xsadale maintenance wont to be perforxaa~ti at the txjst of Mtrtgagor. any :amounts paid <br />zherel'or 3v~• Iitta•igagre shall Ixar in#eresi ai the rate provided for in Ltre principal indebtedness. shat! <br />tlser+euprn bc~tx:me a ;cart of the indebtedness seettrav9 bs chi, instrument, ratable and on a p;tritt• with ail <br />other iatetlrtt~s xerured Iaeroby, and shall be patvahlo thirty t3i)1 days after demand. <br />3~ If tle preatis;rss, or any part thereof, be t~nda>;rtned under the I~avrr of eminent da~'ttaia, or <br />ataluired for s public use. the damat~rs arorarattv3> tl:e pmrt4t9s far the tvl:ing of, nr the consir7eraLion for <br />curls arquisiiaars, to tlae client t,f tlr~ full amount of the remaining unpaid indebta~jness seeurt~l by this <br />mnrsgaga, tsr her•ehx- $sslgaed tx+ tlse Mtartgagae, and shall be paid fortltu-itlt to said Mortgagee, to lx <br />spelled t+a acet+unt trf the leaf maturing installments :if such indelateiness. <br />13 Lf the tr[ot^tgagar #'ails to tuake and- payments g-hen due, or to core orm to and comply with any <br />of thz ennditiozss ar agrtxs>ents ,caatiained in this mortgage, or the notes nhich it serums, then the <br />entire prttscipa3 st:rrr snd arrrur~d interest chart at nnce became dos and payable, at the election of the <br />3t~cu#gRges; sad this mcv2gage may thereupon be foreclosed itnmedi.ateiy far the u-hole of the ittdebted- <br />tmss hereby secured, it,t~trtling the scut of extending the abstract of zitle from the date of ibis mort- <br />gage do ire time of+,ottzrnencingsurls suit a ressaaable attorney's fee, and au,y sums paid by the t'eterans <br />~dmiaistrsti+aa tea a,eaxntat of the gtraranty or insurance ai the indebtedness secuz•tKl her.•bp, all of which <br />sits22 be irrclualed is tare decree t:f foreclosare. <br />13. 3f t1Re ladebte~daecs rt3d hert>}ry be guaranteed t,r insurt~tl under Title 38, United States Code, <br />suc4r T`it3e and $egttlsttitas i'astred thereaader and ire etI•eet an the date hereof shall govt-rn the rights, duties <br />sad lisl'silities of ttre parties ltere#o, sad say provisions of this or otter instruments executed in connection <br />9vitls said ~ wh~h are iaeoesistxat .vitlr said Ti#le or Regulations are hereby amended to <br />farafarm t~reto. <br />T9re mveaarr~ ht~eia txsatained shall bind, and the ber•eftts and advantages shall inure to, the <br />