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<br /> 6. If he fails to pay any sum or keep auy covenant provicied for in this mortgage, the Mortgagee, at
<br /> its option, may pay or perforrn the same, and all expenditures so made shall Ue 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 /> T. Upon request of the Niortgagee, Dsortgagor sha11 execute and delivei• a supplemental note or notes �
<br /> (i for the sum or sums advanced by Mortgagee for the alteration, modernization, or improvement made at
<br /> the Mortgagor's request ; oz• for maintenance of said premises, or for taxes ox• assessments against the
<br />� same, and 1or any other puipose elsewl�ere authorized hereunder; Said note or notes shall be secured `
<br /> > hereby on a parity �viiii aiici as ii;:iy �;� :: t::e a�?<.�anee evic3enced thereby were included 9n the note first �
<br /> ° described above. Said supplementa] not� or notes shall bear interest at the i�ate provided ior in ine �i°::a-
<br /> cipal inde}�tedness and shall be payable in approximately equal monthiy payments for such period as may
<br /> f be agreed upon by the llortgagee and Mox-tgagor. Failing to agree on the maturity, the whola of ihe sum
<br /> ot� sums so a<ivancea shall be due and payabie thirty ( 30) days afteY• demand by the i�Iortgagee_ In no
<br /> event shall the maturity extend beyond tkie ultimate 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 />� ; *he n�te an�i 211 sums seciired hereby in case of a defatilt in the performance of zny af the terms and condi-
<br /> ; tiais of this mortgage or the said note, all thE renis, x•evenues arid income tc 'ae dez-svecl from the mor•t-
<br /> ; gaged premises dui•i��g auc:i ti,-,le as t�:e :r:o_•*o4oe indebtedness shall remain unpaid ; and the NZortgagee
<br /> ` shall have power to appoint any agent ox agents it may desire for the purpose of x•enting the same and col- �
<br /> Iecting the rents, revenues and income, and it may pay out of said incomes �11 necessaiy cominissions and
<br /> expenses ineurf•ed :' ii i•euting aiid managing the same ancl �f collecting rentals therefrom ; the balance
<br /> 9 remaining, if any, to be applied toward the dischax•ge of said mortgage indebtedness.
<br /> i 9. He tivill continuously maintain hazard insurance, of such type or types and amounts as Mortgagee
<br /> � may from time to time recrciire, on the improvements now or hereaPter on said premises and except when
<br /> >i � payment for all such premiums has theretofore been made under (a) of par-agraph 2 hereof, �r�ill pay
<br /> , ., promptly �vhen dtie an,y premiums therefor. Upon default thereof, Mortgagee may I�ay the same. All
<br /> � � ia7�urance snali pe ca.���;�;d in campar.ies 2r�z•ovecl hy the hZortgagee and the po: ieie, ar,d rene�a-als theieof
<br /> + shall be held by the Mortg�agee and have attached thereto loss payable clauses in favor of and i �i fcrm
<br /> ' acceptal�le to the Mortgagee. In event of ]oss Mortgagor tiviil give immecliate notice uy mail to the Mort-
<br /> '} a ee, �vho ma make s oof of loss if not made z om tl b Mort a or and each insurance campany con-
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<br /> ; cerned is hereby authorized and diz•ected to make payinent for such loss directiy to the i�Toi•tbagee instead
<br /> � -; of to tlie Mortgagox• and the lIortgagee jointly, and the insurance proceeds, or any part thereof,
<br /> � may be appiied by the Mortgagee at its option either to the reduction of the indebtedness hereby secured
<br /> ' or to the restoration or repair of the propei•ty damaged. In event of foreclosure of this inortgage, or other
<br /> `� Eransfer of. title to the mortgaged property in extinguishment of the indebtedness secui•ed hereby, all
<br /> � � right, title and interest of the Mortgagor in and to any insurance policies then in force shall pass to the
<br /> j purchaser or grantee_
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<br /> y 10. As additional and collateral security for the payment of the notie described, aiid all sums to beco�ne
<br /> s due undex• this mm•tg•age, th� 11��rtgagc� hFr2by asa`;gti� to ihe I�orteagee al1 ]ease bonuses, pi•ofits, i•eve-
<br /> � nues, i�oyalties, rights, and other benefits accruing to the Mortgagor under any and a11 oil and gas leases
<br /> now, or during tne life of this mortgage, esecuted on saici premises, �vith the right to receive and receipt
<br /> ' � for the same and appl,y them to said indebtedness as weii before as after clefault in the conditions of this
<br /> = mot•tgage, and the Moi•tgagee rriny demand, sue for and recover any such payments �vhen due ancl pay-
<br /> ; able, but shall not be requireci so to do. This assignment is to terminate and become null and void upon
<br /> ' release of this mortgage.
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<br /> j present, reasonable �vear and tear escepted . Upon any failure to so maintaiu, Mortgagee, at its option,
<br /> ; n�ay cause reasonaUie maintenance work to be performed at the cost of Mortgagor. Any amounts paid
<br /> s therefor Uy Mortgagee shall bear interest at the rate pi•ovided fur in the principal indebtedness, shali
<br /> ,, thereupon become a part of the indebtedness secured by this instivment, ratably and on a parity �vith all
<br /> other indebtedness seeured hereby, and shall be payable thirty (30 ) days afte2• clemand.
<br /> � 12_ If the premises, or any part thereoF, be condemned under the po�ver of eminent domain, or
<br /> � acguired for a puUlic use, the damages awarded, the proceeds for the taking of, or the consideration for
<br /> such acquisition, to the extent of the full arnount of the remaining mipaid incleUtedness secuz•ed by this
<br /> mortgage, or hereby assigned to the Moi•tgagee, and shall be paid forthwith to s.lid Mortgl�ee, to be
<br /> applied on account of the last matui•ing installments of such indebtedness.
<br /> � ] 3. If the Mortgagor fails to make anY payments �vhen due, or to conform to and comply with any
<br /> ' of the conditions or agreements contained in this mortgage, or the notes ���hich it secures, then the �
<br /> entire principa] swn and accrued interest shall at once become due and payable, at the election of the �
<br /> Mortgagee ; and this mortgage may thereupon be foi•ec;osed immediately for the .�-hole of the indebted- I
<br />� ' ness hereby secur•ed , inciucling the cost of estonding the sbstr�ct of title fi•or.i tl�e date of tliis iiiurt- f
<br /> gage to the time of cornmencing such suit, a reasonable attorney's fee, and au�� sums paid by the �'eterans I
<br /> Administt•ation on account of the guaranty or insurance of the indebtedness secui•ed }iet�eby, al] of «�hich
<br /> ,' shall be included in tlie decree of foreclosure. �
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<br /> + i4. ' If the indebtedness secured hereby be guaranteed oi• 9nsui•ed under Tit]e 38, United States Code, � '
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<br /> such Title and P.egulations issued tihereunder and in effect on tlie date liereof shall goverrr the rights, duties � ;.�"
<br /> � and liabilities of the parties hereto, and any provisions of this or other instruments executed in comiection � � � ` :
<br /> with said indebtedness which are inconsistent with said Title or Regulations are 2iereby amended to ` , � ",
<br /> canform thereto.
<br /> The covenants herein contained shall bind, and the ' ksenefit� and advantages shati inui•e to, the w. ':
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