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<br />6. If he fails to pay any sum or keep any cavetrant provided for in this mortgage, the Mortgagee, at
<br />its option, may pay or perfm-m the same, and all expenditures go made shall be added to the principal sum
<br />awing 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 />r. Iipon request, of the Mortgagee, Martgagar shall execute and deliver a supplemental note or notes
<br />far the sum or sums advanced by Mortgagee for the alteration, modernization, ot• improvement made at
<br />the ILlartgagY•tt'g request; nr for tnaintettance of said premises, or for taxes or assessments against the
<br />same, and far any other purpose elsewhere authorized hereunder. Said note or notes shall be secured
<br />heresy oft a parity with and as fully as if the advance evidenced thereby were included in the note first
<br />described above. Said supplemental note or Hates shall bear interest at the rate provided for in the prin-
<br />cipal indebtedness and shall he payable in approximately egva! monthly payments for such period as may
<br />be agreed upon by the Mortgagee and D~Yortgagor. Failing to agree on the maturity, the whale of the sum
<br />ar sums so adc=anced shall be due and payable thirty (3Q) 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 />8. tie 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 condi-
<br />tions of Ibis mortgage ar the said note, all the rents, revenues and income to be derived from the mart-
<br />ga$ed premises during such time as the mortgage indebtedness shall remain unpaid ;and the ILiartgagee
<br />shall have paver to appoint any agent or agents it may desire for 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 commissions and
<br />expenses incurred 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 indebtedness.
<br />9. He will continuously maintain hazard insurance, of such type or types and amounts as Mortgagee
<br />may from time to kime rcc?uire, an the improvements now or hereafter on said premises and except when
<br />payment for all such in•emiums has theretofore been made under (a.) of paragraph Z hernof, will pay
<br />promptly tvhen due any premiums therefor. Upon default thereof, Mortgagee may pay the same. All
<br />insurance shall be carried in companies approved by the 3tartgagee and the policies and renewals thereof
<br />shalt be held by the lortgagee and have attached thereto loss payable clauses in favor of and in form
<br />a..ecptable +,~ ±t;Q of„rtg~oz,p_ In s+ys+nt of IAaA Wnrt~agpr will give immediate notice by mail to the Mort-
<br />gagee, who may make praaf of lass if not made promptly by Mortgagor, and each insurance company con-
<br />rnrnad is liarehy arith+ar•iLV'; port .liem:t_q,_t r~ mg&;, !„a;;;^; t f.:r ci:%h i:>> hirer: tit tV fire :dart ~ ee instead
<br />g` g
<br />of to the Mortgagor and the lortgagee jointly, and the insurance proceeds, or any part thereof.
<br />may be applied by the Mortgagee at its aptiav Hither to the reduction of the indebtedness hereby secured
<br />or to the restaratinn or repair of the prnpetty damaged. In event of foreclosure of this mortgage, or other
<br />transfer, of title to the mortgaged property in extinguishment of the indebtedness secured Hereby, ail
<br />right, title attd interest of the blartgagor in and to any insurance pal;cies then in force shall pass to the
<br />purchaser or grantee.
<br />7tj. As additional and cullater~! security for the payment oi' Lhe note described, and all sums to become
<br />due under this mortgage, the Martgagar hereby assigns to ells ttortgage~~ all lease bonuses, profits, reve-
<br />nii~s, Fvyafties, ri$`iris, field other be-r+cFts accruing iu the i,tinrtgagor under any and all oiI and gag leases
<br />now, or during the life of this mortgage, executed on said premises, with the right to receive and receipt
<br />for the same and apply them to said indebtedness as well before :ts after default in the conditions of this
<br />mortgage, and the liartgag«•e may demand, sue for and rc~caver any such payrents Fvhen due and pay-
<br />able, but shat) not iu required so to do. This assignment is to terminate and beefome Holt and void upon
<br />rrie~rse of this rnnrtvaaa.
<br />11. Ile shat) oat ecrmmit .,r permit +vagte; and shall maintain the property in as good condition as at
<br />present, reasonable wear and tear excepted. upon any failure to so maintain, Mortgagee, at its option,
<br />may caves reasonable maintenance work to be performed at the cost of Mortgagor. Any amounts pa,rd
<br />iherefar by Martgat;ee shall 'near interest at the rate provided for in the principal indebtedness, shall
<br />tlfareupoa bcx:ome a hart of the indebtedness secured by this instrument, ratably and an a parity with ail
<br />other indebtedness secured hereby, and shall be payable thirty (30) days after demand.
<br />I~. if the premises, or any part thereof, be condemned under the power of eminent domain, or
<br />acquired for a public ruse, the damages awarded, the prceeedg for the taking of, or the consideration for
<br />such acquisition, to the extant of the t"all amavnt of the r•einaining unpaid indebtedness secw•ed by this
<br />tnr>rtgage, or hereby assigned to the Mortgagee, and shall lm paid forthwith to said 111or•tgagee, to be
<br />applied an account cif the last maturing installments of such indebtedness.
<br />ls. if the Martgagnr fang to make any payments when due, or to confsorm to and comply with any
<br />of the conditions or agreements contained in this mortgage, or the notes which it secures; then the
<br />entire principal sum and accrued interest shall at once become due and payable, at the eleetivn of the
<br />Mnrggage$; and this mortgage may thereupon ise torerlased immediately for the whole of the indebted-
<br />rteas hereby secured, ir,cFuditig the cost of extending the abstract of title from the date of this mort-
<br />{o_tc+ the tittle of earnmencing such suit, a reasonable attorney's tee, and any sums paid by the Veterans
<br />Adtainistrafion on account of the guaranty or ingurarrc._. of the indebtedness secttrFKl 4tereby. all of which
<br />shall bs_ittciuded in the decree of foreclosure.
<br />Ie. if the ibeclnesa secured he-'eby be guarant~*ecl ar insurcxi under Tltle 3$, united States trade,
<br />suah Tills xnct ttl8tit>tta j~yped thereunder attd in effect on the date hereaE shall govern therightat, duties
<br />seal '~" .sty tba ltdCtite I~xctda, ,tiiEpf arty lti`:s4isliitsa of this +ar other inatrurstenta exes:utsti ittconnecton
<br />with a+la(1 in +trhieh are inistenL with said 'i"rtle nr Regulations attar hereby amended to
<br />cottfarnt tls.io«.
<br />herefn t~ttained shall bind, attd the trsneflts and advantagca shat) itrure tn, th«>
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