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--;� <br />;,.,� <br />�-t <br /> �: <br /> I � <br /> 1 � <br /> 6. If he fnils to pny any sum or keep any covennnt pirovided for in this mortgage, fhe Mortgagee, at <br /> ite option, muy pay or perform the same, und nll expenditures so mude shnll be ndded to the principal sum <br /> o��•ing on the above note, shall be secured hereby, and shnll benr interest until paid at the rnte provided <br /> � for in the principul indebtedness. <br /> 7. Upon request of the Mortgagee, Moi•tgngor shall execute and deliver a sttpplementul note or notes <br /> for the sum or sums advanced by Mortgagee for the niteration, modernization, or improvement mnde at <br /> ' p the l�fortgagor's request : or for muintenance oF said premises, or for tuxes or ussessments ugainst the <br /> � same, and for any other purpose elsewhere authorized hereunder. Said note or notes shall be secured <br /> � hereby on u parity ���ith and as fully ns if the advance evidenced thereby «•ere included in the note first <br /> ; �,, described uUove. Saici supplemental note or notes shnll bear interest at the rate provided for in the prin- <br /> p cipnl indeUtedness and shall be payable in approximately equal montlily payments for such period as may <br /> O be ngreed upon by the �tortgagee und Mortgagor. Failing to ngree on the maturity, the �rhole of the sum <br /> � or sums so advAnced shall bc due aud payable tlzirty (30 ) duys after demancl by thc lfortgagee. In no <br /> , ^ event shall the maturity extend beyond the ultimate maturity of the note first described nbove. <br /> 8. He hereby assigns, transfers and sets over ta the bfortgagee, to be upplied toa•ard 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 this mortgage or the snid note, all the rents, revenues and income to Ue derived from the mort- <br /> gaged premises during such time as the mortgage indebtedness shall remain impaid ; and the �iortgagee <br /> ahlll ha�•e po��•er to appoint any agent or agents it may desire for the purpose of renting the same and col- <br /> lecting the rents, rer•enues and income, and it may pay out of said incomes all necessary commissions and <br /> expenses incurred in rentiug and managing the same and of collecting rentals therefrom ; the balance <br /> remaining, if nny, to be applied to�ti•ard the discharge of said mortgage indebtedness. <br /> 9. He «�ill continuously maintain hazard insurance, of such type or types nnd amounts 1s .lfortgagee <br /> ; may from time to time require, on the improvements now or hereafter on said premises and except ��•hen <br /> pa��ment for all such premiums has theretofore been made under (a) of paragraph 2 hereof, �ti�ill pay <br /> promptly when duc any premiums therefor. Upon default thereof, 111ortgagee may pay the same. All <br /> insurance shnll be carried in companies approved by the 1lortgagee and the policies and rene«•als thereof <br /> shnll Ue held by the ➢fortgagee and have attached thereto loss payable clauses in fa�•or of and in form <br /> acceptable to tlie Aiortgagee. In event of loss ,lioi•tgngor �viil gi��e immediate notice Uy mail to the ➢foi•t- <br /> gagee, ���ho may m11ce proof of loss if not mlde promptly by 1lfortgngor, and each insurance company con• ' <br /> cerued is herebg authorized and directed to make payment for such loss directly to the ,lIortgngee insteacl <br /> ' of to the \Iortgagm� and the llortgagee jointly, and tlie insurance proceeds, or 1ny part thereof, <br /> ' ' may be applied by the Mortgngee nt its option either to the reduction of the indebtedness hereby secured <br /> or to the restoration or repair of the property damaged. In event of foreclosure of this mortgage, or other <br /> transfer of title to the mortgaged property in estinguishment of the indebtedness secuced hereby, all <br /> rigltt, title and interest of tite �fortqagor in and to any insurance policies then in force shall pass to the <br /> purchaser or grantce. <br /> � 10. As additional vid collateral security for the payment of the note described, and all sums to become <br /> due under this mortgage, thc .11ortgagor hereby assigns to the 1lortgagec <�II lease bonuses, protits, re�•e- <br /> nues, royalties, rights, nnd other benefits accruing to the �liortgagor under any and nll oil and gas leases <br /> no�c, or during tnc life ot this mortgnge, executed on said premises, �vith the right to receive and receipt <br /> for the same and flpph• them to sttid indebtedness as ��•ell before as after default in the conditions of this <br /> j moi•tgage, and the .11ortgagee may demand, sue for and i•eco�•er any such pn�•meuts �clien due and pay�- <br /> � ablc, but shall uot be required so to do. This assignment is to terminate and become null and void upon <br /> � release of tliis mortgage. <br /> 11 . He shall not commit nr permit wnste ; and shnll m�intain the property in as good condition as at <br /> present, relsonable «•ear and tcar e�cepted. Upon any failure to so mnintain, Afortgagee, at its option, <br /> � mal• cause reasm�nble maintenance work to be performed at the cost of liortgagor. AnS� nmounts paid <br /> thcrefor Uy Mortglgee shall bear iuterest at the rate provided for in the principal indcbtedness, shall <br /> thei•eupon become a pnrt of the indebtedness secured Uy this instrume�it, i•atnbly and on a parity ��•ith all <br /> ` other indebtedness secured hereby, nnd shnll be payable thirty (30 ) days aftcr demand. � <br /> 12. If the premises, or any pnrt tl�ereof, be condemned under the po���er of emineut domain, or � <br /> acquired for a public use, the damages awarded, the proceeds im� the taking of, or the considcrntiott for <br /> sucli ncquisition, to tlie extent of the full amount of the remaining taipaid iudebfedness secm•ed by tliis <br /> mortgttge, or liereby assigned to the Mortgagee, and shall be pxid forth��•ith to said bioi•tgagee, to bc <br /> applied on �tccount of the last mnturiug installments of such indebtedness. <br /> 13. If the \Iortgagor fails to mnke anY pa}•ments when due, oi• to confm•tn to and comply w•ith nny <br /> of the conditions oi• �gi•eements contained in this mortgage, or the notes �chicli it secures, then thc <br /> entire principal sum und accived interest shall at once Uecome due and pa�-able, at the election of the <br /> Dlurtgagee ; and this mortgnge may thereupon Ue foreclosed immediately foi• the �t�hole of tlie indeUted- <br /> ness hereby secured, including the cost of extending the abstract ot title from the date of this mort- <br /> guge to the time of commencing such suit, a reasonable attorney's fee, and an�• sums paid by tlie Veterans �` <br /> Administrution on account of the guaranty or insurance of the indebtedness secured hereb��, all of �ehich �� ' ^.: <br /> shall be iticluded in the decree of foreclosure. « ��' ' ,• <br /> (d v .7 <br /> 14. If the indebtedness secured hereby be guarantced m• insured tmder Title 38, United States Code, � � � ' <br /> such Title and Regulations isstred thereunder and in effect on the date iiereof shall go��ern the rights, duties �' <br /> and linbilities of the purties hereto, and any provisions of this or other instruments executed in connection 1� ' <br /> �eith said indeUtedness which nre inconsistent witli said Title or Re tilations 1re hereb � <br /> conform thereto. <br /> E y amended to . I <br /> The covenants herein contained shall bind, and the benefits nnd ldvantnges shnll inure to, the <br />� !� i <br />� I <br />� J <br />� <br />