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<br /> ;�y��: 8. H h�/�h�fiW to pay�ny sum or kesp iay cavenaat�ewvlded for W tbls mort�.W�Morf��e.�t
<br /> '; ib option�m�y psy or periorm the�ame,wnd all expenditures w m�de�ha11 be added to the prinaipal sum
<br /> -- _
<br /> :` .� — owin�on the above note, ahall be�ecured hvraby�and�ball be�r iatersrt unwl p�►id at th�r�fc��r��c+vi e�1 � -° : °
<br /> ' tor In the princ[pal indebtedae�.
<br /> a� � �..r_�
<br /> 7. Upon request of the Mort�a�ee�Mort�s�nr ahnil execute�tnd deliver a aupplemental note or notes
<br /> for the �um or aums advanced by Mort�a�ce for the�Iteration,moderr►Izntton�or improvement raade at
<br /> °�. �g the Mortga�or`s request; or for maintenance of eaId premiaea� or for taxea or�sessmenta s�tinat the � _=_—
<br /> - eame� �tnd for any other purpose elsewhere s�uthorized hereuader. Said note or notea shwq be secured
<br /> '�" � hereby on a parity with and as fully aa if the advance evidenced thereby were included in the nu�e Arat
<br /> ' :Q;_�,- �:Q `�°b� c!e$cribed above. Said aupplementAl aote or notee shall bestr intereat at the rate provlded for in the prin- _
<br /> ���4'-y , cipal indebtedneas and ahall be payable in approxltaately equal monthly paymente for auch period as may _
<br /> .�, . ,.:
<br /> -��,:�-;,,�;�. . be a�reed upon by the Mortgagee and Mortgagor. Failing to ayree on the maturlty�the whole of the sum °-
<br /> ---�� -'� ' '"• �� n or sume ao advanced ahall be due and pnyable thirty (SO) daye after demand by the Mort�a�ee. In no
<br /> - . `. �.._ ..,�-__.
<br /> — a��si�.,�=.� .
<br /> - ---�=.�-..-- --- event shalt the mat,urjty exteud beyond the ultimate maturity of the note flrat deacribed abovo. ------- --
<br /> — �.,,. :_� ,,.
<br /> `'�`��- - � 8. He%he herebY a�igne.tra�ufera and eet�aver to the Mortgagee�to be applied toward the payaient of
<br /> r���'�" " � the note and ail auma aecured hereby in case of a default in the performance of any of the terma and condi-
<br /> -�`�'�''���Y tions of this mortgage or the esid note,all the renta�revenuea and income to be derlved from the mort�
<br /> ::_a�.. .- r ___ -
<br /> :���� gaged premiaes during auch time as the mort�age indebtednees ahxll remai�unpaid;and the Mortgagee r—
<br /> �--� '"��`°•� �� -- ahalt have power to appoint any agent or ugenta it may desire for the purpoae of renting the same and col- ____ ___
<br /> r, �`�"' ...�;
<br /> . ,�S.,... ►ecting the rents, revenuea and income,and it may pay out of said incomes all necessary commissiona and �._--—
<br /> � , ':;�,;' �. �' expenaea incurred in renting and managing the same and of collecting rentals therefrom; the bulance ��
<br /> �` remaining,if any�to be applied toward the diecharge of said mortgage indebtednesa. �. =
<br /> ,�:a� . a., -
<br /> 9. He%he wW continuowly dnaintain hezerd inourance, oi euch type or typeo and amouat� ne �__�_
<br /> ,�..,�. �. `� Mortgaaee may from time to t3me require� on the Lnprovemente now or hereafter on aatd psemisee and _
<br /> ,„;� � except when payment for all euch premiva� hes theretofore been made under(aJ of poragi�aph 2 hereof� __=
<br /> � ���.,. � wlll pe�y promptly when due any premiumr therefor. Upon default thersof,Mortga�ee mqy pay the esme.
<br /> ;,,,; � All it�urance ahall be carried in companiea approved by the MortgaQee and the poHciee and renewala � ---
<br /> •� thereof 4haU be heW by the Mortgegee and have attached thereto losa payable clau� in favor of end in �_
<br /> ,; :.;�;; forna acceptable to the Mortgegee. In event of losa Mortgagor wW give immediate notice by mnil to the
<br /> _ .. MortBegee�vvha r.�oy raake proaf of lozs if nat mada pramgtly by Mortgagor,and each insura�scs company =. _ - -
<br /> ,,, " concemed fa hereby authorized and directed to make payment for auch loss dlrectJy to We Mortgages
<br /> � � J ° �� inetead of to tl�e Mortgagor and the Mortgagee jointJy, and the ineurence proceeda� or any part thereof�
<br /> ' " may► be applied by tre Mortgagee at its option either to the reduction of the lndebtedness hereby oecured �"
<br /> • or to the reatoration or repair oP the prc•perty demaged. In event of forecloeure of thie mortgage,or other ���`—}-�
<br /> . • _ transter of tltle to the mortgaged ,roperty in extinguiahment of the Indebtednese secured heteby� all ����''-
<br /> ..
<br /> �' right� title and interest oi the Mottga�or in end to ony inaurence policiea thea in force oholl paea to the � � � �-
<br /> , C,;�; purchw�r or grar►tee. �.�--�
<br /> ° 10. As additi�nnl and collateral security for the payment of the note descrilx�d,nnd all suma to become �j�, ��`�
<br /> tt ��--- -
<br /> , , due under this mortgnge,the Mortgagor hereby aesigns to the Mortgagee all lease bonuses,profits. reve- E
<br /> , �� nues,royalties,rights,nnd other benefits accruing to the Moi•tgagor under any and all oil and gas leases �::�, -���"��
<br /> '• " now�or during the life of this mortp��ge, executed on said premises, with the right to E•eceive and i•eceipt +.:�...��;.
<br /> � m for the same xnd appl�'them to said indebtedness as�vell loefore as after cleFault in the conditiona of this .r::.-�.�:
<br /> .'A� ' mor±gage, and the Ma•tgag�e may demand, sue for and recover any such payments when due and pay- �`--.��,;,1_""
<br /> . able,but ahall not be required so to do. This assignment is to terminate and become nuq and void upon �•.,.��.�.st.nk�:
<br /> .��' release of this mortgnge. �,�;,�°`��'-m=
<br /> �, ;e�j=�
<br /> � �" 11. He/ehe ahall not enmmit or pennitwaste;and siiall maintain the properiy in as good condition ea at .::�.i����-=
<br /> . � �.�H.,y�,..,
<br /> present� reasonable��•ear and tear excepted. Upon any failure to so maintain, Mo�•tgagee,at its option, ��;__�__;__
<br /> ' •• ' ' may cause rcasunable maintonance work to be performed at the coat of Martgagor. Any amounts paid 'F�-�`.::-�=-
<br /> • 6 ' ° thcrefor by luYurtga�ee shall bear interest at the rate provided for in the principal indebiedness� ahall ,�.
<br /> I ^`•, - • . _
<br /> � ° " ° � thereupon become a ��nrt of the indebtedneas secured by this instrument,ratably nnd on a pnrity with all ..a..•�:.^..��^,,,,�'.,�_
<br /> ` � � � other indebtedness s.�currd hereby,and ahall be payable thirty (30) days after demand. "�'''��'r�
<br /> � ]2. If the promi�es, or anv part thereof, be condemned under the po��•ei• of eminent domain, or �
<br /> " • acquired f�r R public usr, thr d.imaqes awarded, the procerds fo�•the ti�lciny�uf,or the considrration for '
<br /> such acquisition, to the extont��f the full nmount of the remnining unpnid indebtrdness secured by this �
<br /> . �� mo�tRagc, o�• herc�b�• assign���l to the MortRaRe�, and shall I�e paid fm•th�eith to snid Moctgagee, to be �
<br /> , arplir�l on uc�ount of thr Inst maturina instnllm�nts of such indebtednese. I.
<br /> , ' 1;i, U t{,o ,liortK.iaur faila to make anv pa�•m��nts when due,or to ronfcirm to und comply with any ' �
<br /> of the conditions or r.u�•��rm�nls cvnlui��ed in this murt�n�e, or the nut��s ���I�ich il secures, then the ,
<br /> � . ��ntire princi�ial :�um sind s�cc•i•u��d inlc�r��st shui: :tt once becume due aind ps��•sibl�•, ttt thr ek�ction of the �
<br /> A4ort�uQee; and this m��rt�,i���mny ther��upun h�� t'u�•eclosed immediatcl�• tor lhe �shole uf the indebted-
<br /> ncss h�veb�� xc:w•rd, .irlu�linu th�� i•usL of ��xt��ndina the :�bstract of title frum the dute of this mort-
<br /> ga�e to the tim��uf��unimoncinK cuch vuit�n r��asunxblr utto�•ney's fer. and :u��• suma p»id by thr 1�'��terans
<br /> - -' Administrittion nn a�cu�nrt uf ti���Kunranq• nr insurnncc of the indrbtrdnrss s�cturd hec��b>�,alluf��•hich �
<br /> • ahall be inclu�ied in rhe drrree of for��closur��. '
<br /> ' , 14. If the indebtedness secui•ed hc�rby be guarant�ed ��r insurrd uncl��r Titl�:iR, I1nited Statos Codc,
<br /> ' such Title atnd lte�nlittinna i�sued ther�und�r s�n�i in��Ifect un thi��i:►t��hrr�•of sh.�ll�o�•��rn the ri�hts,duties
<br /> +in�i lif�bilitirs of the�ixrtira h��rrto,:ind stny pr���•i:�iunw nY thiti�u• ��thr�•instrum�nts�•xrrut��d in ronnretion
<br /> �vith snid in�ebtedness whirh su•e in�onsixtent �vith sa�id 'Citle or Reauls�tinns }�re herebp nmE�ndeci to
<br /> • conform thereto.
<br /> � The covenants hrrein containrd shall bind, and the ben�tits and advantages shall inure to, thc
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