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Ca ! ��rh <br />''� <br />� I r. . ��- O (� Z49U � <br />� ; <br /> G. If he fails to pay any sum or lceep nny coventtnt provided for in this mortqnge, tlie D7orLgagee, at <br /> its option, mny pa,y m' perfocm the same, and �il expenditures so mndc shall be addcd to thc princip�l sum <br /> o�ving on the above notc, sl�all be secured hereby, tuid shall bear interest until paid nt the rate provided <br /> forinthe principalindebteduess. <br /> 7. Upun request of the D'fortgagee, ➢Tortgagor shnll execute aud deliver a su��plement�l note or notes <br /> for the stnn or swns udvanced by Mortgngee for the alteration, modernization, or improvement made at , <br /> the Moi•tgagor's request ; or for mainlentuice of said premises, oi• foi• taxes or assessments ngainst tlie <br /> snme, �nd for any other piupose else�vhere tiuChoriud hereundcr. Said note or notes shall be secured <br /> liereby on u parity ��'ith and as full,v as if tlie advance evidenced thereby �vere included iii tlte note first <br /> � clescribed abuve. Said supplemental note or notes shall bear intm•est at the rate provided L'or in the prin- <br /> cipal indeUtedness and shall 6e pny�ble iu approximately equal montlily payments for such period as may <br /> be agreed upon by the D[ortgagee and Mortglgor. Pailing to agree on the mutiu•ity, the ���hole of the sum <br /> or sums so advanced shali be due and payable thirty (30) days after demanci by the iliortgagee. In no <br /> event shnll Che maturity estend Ueyond the ultimate maturity of the nute fiist described .ibove. <br /> 8. lIe hereby assigns, transfers and �ets over to the Mortgagee, to I�e applied tu���ard the paymenL of <br /> � ''- the note and all swns secured hereU3� in case of u default in the performance of any of the terms und condi- <br /> � ; tim�s of this mortgage or thc said note, ail the rents, re��enues and income to be derived from the mort- <br /> gngecl premises during such time as the mortgagc indebtedness shzil remain unpaid ; and the il4ortgagee <br /> - shall have po�ti�er #o appoint an�� agent or agents it may �lesire for the purpose of reuting the same and col- ' <br /> lecting the rents,- revenues and income, and it may p.3y out of said i�uomes all necessary commissions aud <br /> e�penses incurred in renting and managing the snme and of collecting rentals the�rfrom ; the bulance <br /> remaining, if any, to be applied tou•ard thc discharge of said mortgage indebtedness. <br /> 9. He ��•ill continuously inaintain hazard insurance, of such type or types aud amounts as \3a•tqagee <br /> may from time to time i•cnuire, on tlie improvements now m• hereafter on said premises and except �vhen <br /> payment for ul! such premiums has theretofore been made un�er (u) of pai•agrxph 2 liereof, n�ill pay <br /> promptly ���hen due anp premiums therefor. iJpon default thereof, Blortga�ec may pny the same. All <br /> iusurnnce shall be carricd in companies approved by the Dlortgagee and the policies 1nd rene���als thereof <br /> shall be held by the lloi•Lgagee and have attached thereto loss payable clnuses i �i favor of and in form <br /> acceptable to tl�e liortgagee. In eeent of loss Dlortgagor will give immediate notice b�� mail to tiie hlort- <br /> gagee, ���lio may malce proof of loss if not made promptly by Dfortgagoi•, and endi iusurance company coii- <br /> ; i; cerued is hereby� authorized aud directed to malce payment for such loss direcLl�� to tlie Dlortgagee iustead <br /> of to the 1Iw•t�agoi• and tl�e nlortgagee jointlY, and the instu•ance proceeds, or :iny p.jrt thei•euf, <br /> may be applied Uy the Mortgagee at its option either to the reduction of the iudebtedness hereby secured <br /> or to the restoratiun or repair of the property damaged. In e�•ent of 1'oreclosure of this mortgage, or other <br /> transfer oT title to the morlgaged property in extinguishmcnt of the indebtedness secured hereby, all <br /> riglit, title a�id iutci•est of tihe 11lortgagor in and to any 111S111'III1CC pOIlCICS CllCll I11 I01'CC 9I18II ])RSS t0 CIlC <br /> j ' pui•chaser or grantec. <br /> 10. As adclitional and collateral seeurity tor the payment of the note described, and ull sums to become <br /> due mider this mortglgc, thc :tlortgagor hereby assigns to thc Afortgagce all leasc bonuses, profits, re�•e- <br /> uues, royalties, ri};lits, and othci• benefits accruing to tlie DSortgagor under any and nll oil �iud gas le.ises <br /> no�ti�, or dtu•ing ti�e liie ot this mortgage, executed on said premises, ���itl� thc right to recci�•e and receipt <br /> ; ; fm• the s�me and appl�� them to said indebteciuess as «�ell I�efore as nfter default in the conditiais of this <br /> ` mm•tgZge� 1nd the \Io�•lg:lgee I��a}' de�tt8�id, sue for and i•ecocer anv suc}i pa�•ments ���hen ctue ancl pay�- <br /> { _, <br /> ; ablc, Uut sh:ill not be required so to do. Tliis assignment is to iermi�iate and becmne nuli nnd �•oid upoii <br /> I ` release of this mort�,rnge. <br /> 11 . He shall not conunit or permit n�aste ; and shall maintain the propert�� in as good condition as at <br /> present, reasonable ��•ear �md tear excepted. L7pon any failure to so maintuin, �1lortgagce, �it its optiot�, <br /> ,,: ; may cause reasona�lu maintenance �ti�orlc to be performed nt the cost of �Iortgagor. � ny amounts paid <br /> thcrefor b�� Mortg�igce shall Lcar interest aC Uic rale pro��ided for in tlie pcincip.tl indebtcdn��ss, shall <br /> thereupun become a pai•t of the indebtedness secured b�' this instrument, i•<<tabl}� and ou a pai•it}• ���itli nll <br /> + ' other indebtedness secui•ed herebp, and sltall bc payable tltirCy ( 30) da��s aftcr dcmaitd. <br /> � 12. lf the premises, or any pnrt thereof, be condemned under the po���cr ot' emineut domain, or <br /> acquired for a public use, the damages awarded, the proceeds for the taking of, or the consideration for <br /> such acquisition, to the extent of the ftill amount of the remaining unpaid indebtedness secured b}• this <br /> mortgtigc, or hereb�• �ssigned lo the nTortgaqec, a �td shall be paid fortli�rith to s;ticl �Iortgagee, to be <br /> '� � applied on account of the l.ist matui•ing installments of sucli i�tdebted�iess. <br /> �: ', <br /> � ? ] 3. If the \Iortgagor fails to make au�� payments �vhen due, or to conform to and contpl}• �t•ith any <br /> ; : of thc conditions or agreements contained in this mortgagc, or the nutes �chicft it secures, then thc I <br /> enlire principal sum a��d accrued iuterest sh111 at onee become due and paytible, at the election of the � <br /> \[ort�;agee ; and this mortgagc m�ip thercupon bc forectosed immcdiately for thc �cliole oi' the indebted- ; <br /> ness hereby secured, iucluding the cost oP extending the :�bstract of title from the date of this tnort- <br /> gnge to the time of commencing such suit, a rexson�ble attorney's fee, and au�• sums pnid b�• the Veternns i <br /> Administratioti or aiccount of the guar�u�t�� oi• insurance of the iitdebtedness sectn•ect her��b��, all of �cliicli <br /> shall be included iti ttte decrce of foreclosure. � <br /> '� 1�1. If the indebtedness secured hereby be gu�u•anteed or insureQ wider TiUc 33, L?nited States Codc, " �^�`-=�� ' <br /> ; such Title and Regulntions issued thereunder and in e(fect on the dntc hei•eof shall qo��ei•n tihc riglits, dulies � '"' <br /> and liabitities of the parties hereto, and auy procisions of this or other instrumeuts executerl in connectiion � .` <br /> �sitlt said indebtedness whicli .u•e inconsistent witli said Title oi• I;e�*ulations ai•e hei•eb�• amended to �} , <br /> conform thereto. �` ' <br /> � <br />+,,: ' <br /> The covenants herein contained shall bind, and the benefits and ad��antages shall inw•e to, the !� <br /> R�,.; <br />�.��;7 <br /> �; <br />�;�;; <br /> h�:� <br /> `T ` J <br />. ; k <br /> .. � <br />- 1 <br /> •` <br /> I � <br /> � <br /> t <br />