|
�
<br /> �
<br /> _ . .
<br /> i .;:,,:�►
<br /> � 7'�_ U (� ;� � � 6 �
<br /> 6. tf he faiis #o tray- any �um or kee� a�e.y c�venant pru�icier3 for in this mr�rtgagt, t�ie tYlortga�et, at
<br /> �ts +o�ptinn, rrsuy pay or �ez•farm tha same, and ali eKpenditures sa mude shali be added ta ti�e princip�l Kiren
<br /> �iM�it�;g on the �bove note, shalt be secured hereby, and shall bear ixiterest uxitil paid at ?the rate pravideci
<br /> ' far in the ririn�i�a! inde}xiedrx�ss.
<br /> � ?. tPjwn request of the Mvrtga$ee, Morkgagar shall execut� and detiver a supplemental note crr notes
<br /> for the sum a�r sucns adran;;ed by 34forCgag�ee far t4ze atterati�n, mad�z�nization, or inxpresvement made at �
<br /> �he �4lartga�ar's , request-; or for maintenan�e of said p�emisesp or f�r taxes ar assessments against the , ::,"
<br /> ` saene, and far .;an,v oth�r purposer e]sewhere =.auGhurized hereunder, Sai3 noxe or notes shull. be sesured
<br /> ` her�y on s �ti•ity-:ceith �nd as fx�lly as if the advance eviclenced the�•eby �+�ere inctudecl an the nc�t� firsC
<br /> ' ctt.s��bed aba�. Said suppler�ental ttote or �otes sha.Tl t.>ear inter�se at the x�a�e pi�ovid�� for in ttse prin-
<br /> ; cipge.€�isidebtec�saeas and shall be gayyabte in agprpximately e�ual znonthly payments for such period as may
<br /> ; � ; t�e xgreed upon by the �1+Ie,rt�agee and :Viortga;gor. Fa:;ira� tu a�-ee on the matux•ity, the wfiole of th� sum ,
<br /> ; ur $ums so ad�.anced si7a3l be du� ancl payable thirty (�O) days aft�r desnand by tt�e t�7+3e•iga�ee_ �a no
<br /> f even� shalt thQ< anaturit� extEnd bey-�nd the ultimatemuturit,v of the note first desc.c•ibed above.
<br /> � �3. FIe hereby assigrrxss, tran�cfers �nd sets over tu the biortgagee, to be ap��.ied toward thr� pa3rrnant uf
<br /> � the x�ote anct. ald sums s�;enred hereb3z in case a� a default in the perforxnanr.e ai' any of thP fierms:and c;ondi- ' ^
<br /> '�r' tions of this rnai�tgage �r the said raote, a3I tt�e reifts, revenues and ancazne to be •cierived fram tfie n:orE-
<br /> w ' ga�e�3 p�•em�ses duriiag such tizne as the mr�r-tgage inclebtedness shall remain �snpaid ; anzi the �Iortgagee '
<br /> shntl Fiat�e pow*er ta appoint any aqent ur ager3ts it ma,y c�ssire far the purposc of renting the same ancl coi-
<br /> r
<br /> � � 3e�tirtg 'the ren�s, rec:enves anci .incosne, aud it may pay out of saiai incomes ail r�ecessary commissions antl
<br /> E "- ex�enaes inctir,sed in i�erating a:i�.$ r��annging the , same and of colleeting rentals therQfr�m; the balance
<br /> °, : i xemaining, it� anY, ko be 'a�p3Sed; 4c��varcl the dis�harge of said mort��p;e incie�tedness. ' '
<br /> � � 9. �Ie' �vill -eonticxitotasly maintain hazard insurance, of such type or types auci amaunts as :4fortgagee
<br /> ' .q m�ty from tirne to tixne :r�quire, an �he .improvement.s nocv ur°hereafter on s�.id �reinises and except �uhen
<br /> ,`r; � payment fur all sunti premiums ha.s thereto€ore b�en m.�rle unrler (a) of p�era�ra�h '.2 I�erenf, �eiL pay , ;� ,
<br /> *` ` �rz•omptly tvhen c�ue any prentiumstFaerefor. �Tpon defauit thei•e�f, ,Vlortgagee may pa,v the ' saxne. Ati
<br /> �,' , � - insuranc� shaIl be caz•a•ied in companies agpresved hy the ?�inrtgage� and the poticies anrI rene�vals th�reof
<br /> stt111 be helilK�iy-the �Sdz�ga{�eQ and have attacfied thereto lcrss pavaU�e clauses in favpr �f anii in form
<br /> „ � �c;eeptabie tv t�e Mortga�ee. In e�*ent of loss �4lort�agvr �vill give imrr�ediate .botice I�y rnaii to th� Lt�Iort-
<br /> gtigee; �tvha in�v make�prn<if o£ loss if not made prnmptty by Mortgn�ar; ancl each insuranco com�any- con-
<br /> x '� ' ee:•nQci is Itereby authoriz.ed and directed �� make pAymert for sucii la�ss di�•er.Llt- to the Rioi•tgagee insteaci
<br /> "� n �f t4 tite Martgagor ana3 the Z1�Iortgagee jc3int3y, �nd Lhe .insurance ��roceeds, or any pax•t theaeof. �
<br /> � may be,applied 6y the 1VlortgageP at its nption either to tFae reduction of the indebteriuess hereba• ser. ured ;:
<br /> ``�, , ot- to the restoration ar r�*Pai�� of the property damaged. ,. In event o£ foreciasu,x•e oi tY� is max�tgage; or other '
<br /> ' -'§ transfer aP title to ti�e ntai•t�aged property in extinguisY�ment'° of tlie' indebte�3��ess secuz•eel :Ii�reb.v; alI
<br /> i � right, title and intereSt tsf thes hLort�agor : in and to any insuL�ance p�olicies ther_ iTi .farce shall pass to the
<br /> ' ;� pui•cha5er Ur grantee. „
<br /> �
<br /> � � :� I0. As adclitionaI and collateraI security f�r. the payment o� the note descx�ii�d, aizci ali surns to S�ecome
<br /> " � � c3ue under this rnortg•age, �he R4artgagor herebgrassigns to thc iliortgagee all lease bonuses, pi•ofits, reve-
<br /> �,` �� nues, royalties, ,ri�hts, :znd otiler benefits acciving to the �iortgs�gor amcler any and sll oii and gas leases �
<br /> now, oi :during the Iife ot this ;moi•tg�zge, exeeuted on said premises, �vith t)1e i•sght tn reeeive aiic� recei�t �
<br /> far thG same sea�l applv th.cm to sald indebtedr�ess as �vell before a.s after detauti in the conclitions �f this
<br /> ` ' rnurtgage, and the 14Tortgagee niay c�emand, sue Por at7d recover any such paymeiats c��hen due a.nd �ay-
<br /> , � abtc, iaut sl�all . iaot be a•eguired so to do. This assigiiment is to t�rminate and h�c�me nu1; naid v,i� c3peti
<br /> � i•�=1��,sc cf tl-,i� a�r�cx•tga�e_
<br /> � ' 21 . He sha]I not coiranit ar pet�mit waste ; und shail maintain the pruperty:: in ns good cnnciition as at
<br /> px•esent, 1•easonal�le �vear and tear excepted.• Upon any faiiure to so maintairr, Morf.gagee, at its ap�ion,
<br /> 4F� niay ,cause reasc�»a�le niainten<�nce tivork ta be perfot-med nt the cost o£ Mot-tgagor. Ang- amounts �aaid
<br /> -,� � tiherefor; by Mox•tgxgee ;slY�ll bear itaterest at �he rate �irovided for an the principal inde3�te�ist�ss, sha11
<br /> u" � thereupon becorne a part �if th.e indebtedness secured by this instrur�eiit, x•atabll• ancl on a parity� i1�it�t al1
<br /> � other indebtedness seiured heieby, a:3d sha12 ba payable tt-; irt�r (�v) c:ays att�>i� ciemancl:
<br /> ;� 32. ` lf the :premises; c�r aii3r �art ihereoi, Ue condetnned unaer ine potiti ei- uf en;if�e��t iIirniain , �r
<br /> ` � acquired for a public use� the danzages aR:�arc�ed, the �7roceeds for Lise l,a�c�ng uf, ot• the ccsnsi�leratior� for
<br /> h 'i such actruisition, ta the extent of. the full an;o:ant of tlie remainiz��; i,xn�3aid inde3�Ledness secui�ed by� this
<br /> � � mc�rt�age, or h�rebu assi�ned to the Mortga�ee, anc3 shall be paid lortiz�vith to said Ntortgagee, to be �
<br /> �. ^� applxed `on aecoUnt of the Iast matnring� iustallmetiis �� vf s�x�Ir�iilciclitt+�iitess. � � � � � � � �
<br /> ` I3, 1f the ��r1oa•lgagc�r fails t4 make any pa�ments �vhen due, or to confbrxn to and coniply wifh �ny
<br /> * `� of the canditiorss ar agreements contained an this mortgage,, or th� n�tes �ti-kiich it secui•es, Lhen the
<br /> . ; � c�iztiie prie�cipal sum a�ad accrued interest s12a�.1 aL crnce bccome due and pa>�abl��, at the e�]ectioi2 �r ihe
<br /> � �' ilicart�aFt�e : anc� this moi-t�age �n� y tirere�np�n l�e i�orerlos4�d immecli� te)y fer th � s�:hc!c ez 1':c ii::.'::uted-
<br /> � � p ness l�erekay secured, ii�elt� ding the cost �f ett�e�iding the abstraet o� titie .fi�oin the d..4� o: this �,.art-
<br /> !, ; gago ta the time vf commencing st�ch suit,a reasonable atto3•ney's fee, and ai�y stims 13sid by t11e Veterans
<br /> � t1,c3raiuistr�tion oii accauzit of th�e guaranty ox• insurance csf the isidebtc�dnt�ss,secui•ic� here.[>y, ail �f wY� ieh
<br /> „ � ,£ shali be includec� in the d�eree of foreciosure_
<br /> �x 1�, IL tli�e indebL�dix�ss secui'etl het•eby I� guarantet�il <�r insux-�d az�ieier TitIs: ob, tst�;t.a� :;tate� Cc;�tie, �� . w� aea'
<br /> � ,r . ^w ��,'� .
<br /> t, r such Title snc� T'�gttiatioxas issued_ th�-eundez' ar�d in eff�ct ax� Lhedate hereof shall gu�•eru the ri{zhts, duaties w. �+
<br /> y � and iiabi,l�ties,,af ;khe.parrLiesheretu, aaad &ny grovisions nf t��is or otlier instrumetits executed ica connecLion ' � � '
<br /> F�
<br /> � � . . �t�� said sndek�tsdness w�ich are itaeqnaistei�-L : tiv�th saic� Title oi• R:egt�lxtiflns sre hez•eby umendec€ tt� ��
<br /> .�. �
<br /> cv�afoa-im th��- ;> � ��
<br /> " "� T�e:; corezla3at� hereira cointainec3 ; shaiT bi�d. and the benefits an3 a:3v.�ixts�g+�x rliaii iriur•� i.r,, ih�
<br />� , a,. 3
<br />� fi o
<br /> .
<br />��.w �
<br /> :
<br />� . .
<br />�- �
<br /> o- �
<br />��.
<br />� .,�<
<br />: _ �
<br />
|