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<br />8~ if he fails to pay any sum or keep any covenant provided for in this mortgage, the Mortgagee, at
<br />its option, may pay or perform the same; and ail expenditures so made shall be added is the principal sum
<br />owing on the above note, snail be secured hereby, and shall bear interest until paid at the rate provided
<br />for ixi the principal indebtedness.
<br />7. Upon- request am° the Mortgagee, aVlortgagar shaII execute and deliver a supplemental note or notes
<br />for the sum or stmxs advanced by Mot~tgagee for the alteration, modernization, or improvement made at
<br />the Hiartgagar's request; or for maintenance of said premises, or for taxes 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 above. Said suppiemanial rote or notes shall bear interest at the rate provided, for in the prin-
<br />cipal indebtedness and shall be payable in appraximaiely equa) monthly payments for such period as mac
<br />i>z agreed upon by the Mortgagee and i43ox•tgagor. Failing to agree on the maturity, the whole of the sum
<br />or sums so advanced shall be due and payable thirty (3U) days after demand by the blcrtgagee. In ro
<br />event shall the maturity extend beyond the ultimate maturity of the note first described above.
<br />8. FIe hereby assigns, transfers and sets over to the Mortgagee, to be applied toward the payment of
<br />the note and alt sums secured hereby in case of a default in the performance of any of the terms and wndi-
<br />tions of this mortgage ar the said note, all the rents, revenues sod income to be derived from the mort-
<br />gaged premises during such time as the mortgage indebtedness shall remain unpaid; and the Mortgagee
<br />s}xal} ha>e p7;~~er io at~poinc any agent or agents it may desire for the purpose of renting the same and cai-
<br />lecting the rents, revenues and income, and it may pay out of said incomes all necessary commissions and
<br />expenses incurx•ed in renting and managing the same and of collecting rentals therefrom; the balance
<br />remaining, if any, to be applied toward the discharge of said mortgage inclebteciness.
<br />9. FIe will cantimrouslp maintain hazard insurance. of such type ar topes and amounts as Bortgagee
<br />may from time to time require, on the improvements new or hereafter on said premises and except when
<br />pa}-tnent far all such nreaniuma has ihereiofare been made under (a) of paragraph 2 hereof, wilt pay
<br />protnpily when due any premiums therefor. Upon default thereof, Mortgagee may pav the same. All
<br />inatrrance shall b:: carried Su companies approved };y the 1ortgagee and the policies anti rene+vals thereof
<br />shall be held by the lortgagee and have attached thereto loss payable clauses in favor of and in form
<br />acceptable to the Mortgagee. In event of loss Mortgagor will give immediate native be mail to the blort-
<br />gagee.:vho may make proof of loss if not macxe promptly by Mortgagor°, and each insurance company- con-
<br />eerned is hereby authorized and chrected to make payment foe such loss direr Llv to the tilorigagee iusG~arl
<br />of to tlierlll`pr`~;Ti~'g~r a~id,~tlxe` ~Tostgagee jointly, ,md the insurance proceed,. ~~r nny part thereof,
<br />may Fr an}tlied by;~t~dl9otEgagse at its option either to the reduction of the iodetttedness heret?p~ secured
<br />ar to the reAtoration cYx'-trpaii• of the property damaged. In event of fateclosrtre of this mortgage, or nthee
<br />transfer of title to the mortgaged uroperty in extinguishment of fhe indebt~~tincss secured hcrci;y-, all
<br />right, tine and interest of the ~Iet•tgagar in and to any insurance polic•i~ = tl.rn in Ln~ee shall pass to the
<br />,;ur: baser v gra nice.
<br />lis. As addiiionai and coilax*.eral security for tho nas'ment of thc~ nnre.lcs:•,~~+„.,l• ,.:,,i ail srrn,s r.,':=ern[=,.,
<br />du~~ under this mortg cg .. tits 3~iortgagar hereby assigns to the ;rlortgt~~tf,c:.ur !r•,,,t I,unusvs pro(iea, reye-
<br />irue3, ruyalti~s, i'tghf:. ° t-' rht=x b-.r - t.s ~.isr±rik.g c..tiv fit:. ~.,,agc>r tttcirr :nt rtnt'r ail oil to ; Ias ic'aes
<br />:row, -vr duiireF.; [ - - -. thi:; itzvrtKagr--. executed on saki t,:irritsts. :citi: the riFcti fn ret~t•ive anti rt•ceipt
<br />for the same and appl}~ them to said itdebtedness as well before as after default in the tom}itions of this
<br />mortgage. and the iElartgttgee may demand, sue for and recover env such papau~nts +chen +lue xnd pxy-
<br />abic, but shall not be required sa to do. This assignment is t.o terminate and I}econu• null and void upon
<br />release of this mnrtg.~ge.
<br />11. He shaA not commit er permit :caste; and snail maintain the property in as good condition us at
<br />present, t-easonable +eeai' and tear excepted. ?ipvn any' failure t.o so uutintain, 11m'tgagec, xt its option,
<br />may cause reasux?<abic maintcranee :work to bo performed at t}te cost of Men'tgtxgot•. Any amount paid
<br />thmrefar Isy Mortgat;c~ shat! hear interest at the mate pr±rvided tar in thc• pcurcipal indebtedness, shall
<br />thraretrptin become a part of the indebtedness secured by this instrument, ratable xnri an a parity +ctth all
<br />other indebtedness secured hereby, and shall be paytible thirty (3t1) days xftur d+•mand.
<br />ll. If the ptrndses, m' au>' part thet•eof, be condemned under the po+cer of r•minenL domain, or
<br />acquired fora ]rubli+; use. the tiaxnages awarded, the proceeds for the taking uC, ui- the anrsrlaration fur
<br />suett acquesitirnt, to the extent of the fuL' anxaurt of the rectxaiating unlxaid indr•bt~~duess ..e~eumd by this
<br />mortgage, or hereby= assigned io the :kiortgagee, attd shall lx~ paid forthwith to aakl liortgagce, to be
<br />applied an aecotnct oY the last maturing installments of such indebtedness.
<br />_. _- ~..~=LS s.,. _~ze.• - pym~?. tom, n:_n €nF~, to u# c.~ „i. 17 iU Mini: e[;tkpFy ti'7Ln ftYlY
<br />of the corntiitions ar x~reemettts contained in this mortgage, or 'the notes ++itich it s~~tures, t.tteu the
<br />entire pritteipai sutn xnd acct•ued interest shall at ante becunte due and papxbi.~, :rt the ek-ctlon oi' the
<br />I4Tortgageo; xnd this mortgage may thereupon tie foreclosed itnmediataly far the rvholer of Llta indebtcvl-
<br />ness hereby seeurexl, ineltstlhrg the c-nst of axtenchxtg the abstract of title from lire date oti this mort-
<br />gagtt to~the time of cemmene~ng such suit, a reasonable attorney's tee, and any sums paid by the 1'eterans
<br />~.dminirtration on account of the guaranty er insurance of the iuciebtcehtrss aacured hen; by, allot whiJr
<br />shall be inetucled in lire decree of foreclasurc.
<br />ld. If the indel~tetat~s seeut'ed het•eby kfe guatanteccl ar insured under Title t33s', united SLatES Code,
<br />stteh Title and Pegxtkttions iastted thereunder anti in °fleot uu rite date lrurEt;f shall gr~vern thc> rights, drtttaa
<br />anti }intriiities of thu parties heroto, and any provisions of this ar other instrumerkts executer! in eunnortion
<br />:with ~iil indebtedness which are i€tcanaiatesxt with said 't'itle or Iegulaticnrs are hereEie amended ro
<br />~,ainrm thr,.rrq_,,.
<br />~e covstna~nts l.erein cuntaina~:d shall bind, and the benefits ana advaxttages shall inure to, the
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