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<br /> 6. 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 all expenditures so made shall be 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 /> � , 7. Upon request of the Mortgagee, Mortgagor shall execute and deliver a supplemental note or notes
<br /> � fox• the sum or sums advanced by Mortgagee for the alteration, modernization, oz• improvement made at
<br /> � the Mortga�or's request ; or for maintenance of said premises, or for taxes or assessments against the
<br /> � same, and for any other pu2•pose elsewhere aut;horized hereunder. Said note or notes shall be secured
<br /> � hereby on a pai•ity with and as fully as if the advance evidenced thereby were ineluded in the note first
<br /> � described abvve. Said supplemental note or nates shall bear interest at the x•ate provided for in the prin-
<br /> ` �„"7„ cipal indebtedness and shall be payable in approximately equai monthly payments for such period as may
<br /> � be agreed upon by the Mortgagee and Mortgagor. Failing to agree on the matuz•ity, the whole of the sum
<br /> � or sums so advanced shall be due and payable thirty (30 ) days after demand by the Mortgagee. In no
<br /> event shall the matui•ity extend beyond the ultimate maturity of the note first described above.
<br /> 8. I-Ie 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 oP any of the termsand condi-
<br /> tioiis of this mortgage or the said note, att the xents, revenues and income to be derived from the mort-
<br /> gaged premises durin� such time as the mortgage indebtedness shall remain unpaid ; and the Mortgagee
<br /> shxll have power to appoint any agent or agents it may desire for the purpose of renting the same and col-
<br /> lectinb the rents, revenues aiid income, and it may pay out of said incomes al] necessary commissians and
<br /> expenses incurred in renting and managing the same and of collecting rentals therefrom ; the balanee
<br /> remsining, if any, to Ue apptied toward the discharge of said mortgage indebtedness.
<br /> 9. Iie will continuousiy maiutain hazard insurance, of such type or types and amounts as Mortgagee
<br /> � may from time to time reqiiire, on the irnprovements now or hereafter on said premises and ehcept when
<br /> pavment for all such premiums has theretofore been made under (a.) of paragi-aph 2 hereof, will pay
<br /> r` promptly �vhen due any premiums therefor. Upon default thereof, Mortgagee may pay the same. All
<br /> insurance shall be carried in companies approved by the Mortgagee and the policies and renewais thereof
<br /> shall be held by the Dlortgagee and have attached thereto loss payable clauses in favor of and in form
<br /> acceptable to the lYYortgagce. In event of loss 1VIortgagor �s>ill give immediate notice by mail to the Mort-
<br /> gagee, who may malce pi•oof of loss if not made prornptly by Mortgagm•, and each insurance company con-
<br /> cerned is liereby authorized and directed to make payment for such loss directly to the Mortgagee instead
<br /> ' of to the ivIortgagor and the ➢Sortgagee jointly, and the insurance proceeds, or any part thereof,
<br /> may be applieci Uy tiie Mortgagee at its option either to the reduction of the indeUtedness hereby secured
<br /> oa• to the restoratioii or i•epair of the property damaged. In event of foi•eclosure of this mortgage, or other
<br /> tra�isfer of title to the mortg•aged px•operty in extinguishment of the indebtedness secux•ed Sier•eby, all
<br /> right, title and interest of the Mortgagor in and to any insurance policies then in force shall pass to the
<br /> purchaser oi• grantee. _
<br /> 10. As additional and collateral secui�ity for the payment of the note desci•il>ed, <uid all sums to become
<br /> , dUe under this mortgage, the Mort�agor hereby assigns to the Mortgagee ail' lease uoni�ses, pi•otits, x•eve-
<br /> nues, royalties, rights, and other benefits accruing to the Mortgagor under any and all oil and gas leases
<br /> now, or during tiie life of this mortgage, executed on said premises, with the i•ight to receive and receipt
<br /> ' for the same and appl�� them to said indebtedness as well befoi�e as aftei• default in the conditious of this
<br /> + mortgage, and the Mortgagee may demand, sue for and recover any such payments cvhen due and pay-
<br /> ab]c, but s31a11 not be �•equired so to do. This assignment is to terminate and becorne null and void upon
<br /> reicase of this mortgage.
<br /> 11 . He shatl not commit or pex•mit �vaste ; and shall �naintain the proper•ty in as good condition as at
<br /> present, reasonable �t� ear aiici tear excepted. Upon any failure to so maintaiu, Mortgagee, at its option,
<br /> may cause reasonable maintenance �vork to be performed at the cost of Mortgagor. Any amounts paid
<br /> therefor by Murtgagee shall bear interest at the rate provided for in the principal indebtedncss, shall
<br /> thei•eupon become a part of the indebtedness secured by this instrument, ratably and o�i a pa:•ity ���ith all
<br /> other indebtediiess secured hereby, and shall be payable thirty (30) days after demand.
<br /> 12. If the premises, or any part thereof, be condemned under the po���er of eminent �lomain, or
<br /> acquired foi• a public use, the damages awarded, the proceeds for the talcing of, or the consic?eration for
<br /> suc}t acquisition, to the extent of the full amount of the remaining unpaid indebtedness secured by this
<br /> mortga�e, or hereby assigned to the Mortgagee, and shall be paid foi•th���ith to s�id Mortgagee, to be
<br /> applied on account af the last inaturing installments of such indebtedness.
<br /> ( 13. If tlie hioi•tg�agor fails to make anY payinents when due, or to cotifoi•in to and comply with any
<br /> of the conditions or agreements contained in this mortgage, or the notes �vhich it secures, then the
<br /> entire principai sum and accrued interest shail at ouce become due and payaUle, at the election of the
<br /> 141ortga�ee ; aiid this mortga�e rna,v thereupoii be 1'oreclosec� immcdiatcly foi• ±l.e 1�-hole of ttie inaebted-
<br /> a ness hereby secured, including the cost of extending the abstract of title from the date of this mort-
<br /> gagQ to the time of commencing such suit, a reasonable attoruey's fee, and any sums paid by the Veterans
<br /> ; Administration o» accotmt of the guaz•anty or insurance of the indebtedness secui•ed h�r�by, aii of whieh
<br /> ; shali be inchicled irr the tiecree of foreclosure. . � ; ,,
<br /> 14. If the` indebtedness secured hereby be guaranteed oi• insurec3 undei• Title u8, linited States Code, � �,� . 4 ' � ��f ,�
<br /> " sLich Title and Regulations issued thereunder and in effect on tlie date he2•eof shall gover�i tlie rights, duties ' � x,�
<br /> ' and liabilities of the parties hereto, and any provisions of tlzis or ather instruments executed in conneetion " Yt= F,�;,
<br /> r ` with said indebtedness which ' are ineonsistent with sMid Title or Regulations are hereby amended to �.`,
<br /> conform thereto.
<br /> The covenants herein contained sha11 bind, and the benefits an�l ar3vanta�r��:. sha ]i inure to, the , �
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