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<br /> ' T 6. If he/she fails to pay any sum or keep any covenant provided for in this�u�tgage.thc Mortgagee.at
<br /> ,,.��„-,�,�� tt s option may pay or perform thr same,and all cxpenditures so made shall be added to d�e principai 6um owing
<br /> on the above nate,shall be secured hereby,and shall bear interest until paid at thc rate pravided for in thc prin-
<br /> ° cipal indebtedness.
<br /> � 7. Upon request of the Mortgagee, Mortgagor shall execute and delivcr a supplemental note or notes Por
<br /> � the sum or sums advanced by Mortgage.c for the alteration.modernizetion,or im�rovement made at thc Mort-
<br /> gagor's requcst;or for maintenance of satd premises,or for tax�s or assessmcnts against the same.aRd Por any
<br /> — other purpose elsewhere�uthorjzed hcreunder.Said note or notes shalt bc secured hcrcby on a parity with a►ed - .
<br /> ,�� - as fully as if the advance evidenced thereby were included in the note first deserIbed above. Said supplemental
<br /> t��, note or notes shail bear interest at the rate provided for in the principal indebtedness and shail be payable in
<br /> approximately equal monthly payments for such period as may be agreed upon by the Mortgagee and Mortgagor.
<br /> FaIling to agree on the maturity.the whole of the sum or sums so advanced shall be due and payable thiny(30)
<br /> t days after demand by the Mongagee. In no event shatl the maturity extend beyond the ultimate maturity of the
<br /> . note first described above. --
<br /> , �4.��;;�i 8. He/she hereby assigns. transfers and sets over to the Mortgagee,to be applied taward the payment of
<br /> °� � �. �;�,:�,;; the note and aU sums secured hereby in case of a default in the perf4rmance of any of the cerms and conditions
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<br /> � 4h�?r�'= ., _,. ..�;,;a,t� of this;nortgage or thc said note,all the rents.revenues and income to bc derived from the mortgaged premisea
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<br /> �•• ;,.�:.,.�.,•i,;;�:�t during such timeas the murtgage indebtedness shalt remain unpaid;and the Mortgagee sha ave powcr to ap-
<br /> .'�'';;?,.:;'�;'��'�'�:,� point any agent or agents it may desIre for the purposc of renting the same and collectin�the rents, revenues
<br /> -� .: .:---- and ineome,and�t may pay out ot said incomes aii ner.easu�y cunua,i��iu,i�eui.i c;►j;2��n�ir�curt�!n rcnting assd
<br /> � managtng the same and of collecting rentals therefrom;the balance remaining,if any,to be applied toward the
<br /> � � discharge of said mortgage Indebtedness.
<br /> . � :h • 9. He/she wltl continuously maintain hazard insurance,of such type or types and amounts as Mortgagee _
<br /> " �, may from time to Yime requIre. on the improvements now or hereafter on said premises and exc.ept when pay-
<br /> � ment for all such premtums has theretofore becn made under(a)of paragraph 2 hereof,will pay promptly when
<br /> • due any premiums therefor. Upon default thereof.Mortgagee may pay the same. All Insurance shall be carried �
<br /> in companies approved by the Mort�agee and thc policies and renewals thereof shatl be held by the Mortgagec �,;
<br /> .• and have attached thereto loss payable clauses in favor�f and in form acceptable to the Mortgasee. !n event �.�_
<br /> � of loss Mortga�ar will�ive immediate notice by mail to thc Mortga�ee,who may make proof of loss if not made �:.
<br />--- -;.�,==;W`:_,---�-_� r.,..r�Ftiv hy M�noAOnr pn�i Parh incurance rnmn:►nv concerned is herebv authorized and direeted to make pay- __
<br /> rnent for such lass directly to the Mortgagee instead oi co the Morcgagor and ihe Ntvriba6ee joi�tly.ar�d the -`
<br /> insurance proceeds;or any part thereof may be npplied by the Mortgagee at its option either ta the reduction ��
<br /> ti of the indebtedness hcreby secured or to the re�toration or repair of the property damaged.ln event of foreclosure �-
<br /> of this mortgage,or other transfer of titic to the mongaged property in cxtinguishment of the lndebteclness secured �.;;
<br /> . � hereby� all right,title and intcrest of thc Mortgagor in and to any insurancc poltcies then in forcc shall pass x..
<br /> . • ' to the purchascr or grantcc. �`'�
<br /> 10. As additional and collateral sccurity for thc payment of the notc described. and all sums ta become ��;_
<br /> • due under this mortgage,the Mort�agon c�rcby ussigns to the Mortgagee al!lease bonuses, pra�ts, revenues,
<br /> royalties,rights,and other benefits accruing to the Mortgagor undcr any and all oil and gas Ieases now,or dur- 4
<br /> in�the life of this mortgage,executed on said premises, witl� the right to receive and receipt for the same and
<br />- apply them to said indebtcdness as well brforc as aftcr dcfault in the conditions of this mortgage,and the Mort-
<br /> + �agec may dcmand.sue for and recovcr any surh payments�-hcn due and payable, but sha11 not be required
<br /> • ' � so to do. This assignment i�ta tcrminatc and bccamc null and void upon rcicasc of this mort�agc.
<br /> _ I I. Hc/shc shall not�ommit or permit ��•astc; and shall maintain thc pruperry in ac Bood condition as at
<br /> . presr.nt.reasonable�vcar and tear cxrepted.Upon any failure to�o maincain,Mortgagce.at its option,may causc
<br /> rcasonahlc maintrnancc work to bc performcd at thc cotit of Mort�agc�r. Any amounts paid thcrcfor by Mort-
<br /> �agcc shall bcar intcrest at thc ratc pro�•idcd 1�or in thc principul indcbtcdnc�+, tihall thcrcupon bccomc a part
<br /> of the indebtedncss sccurcd by thi�in�trument,ratably and on a parit���vith all othcr indcbtcdness secured hereby, ,
<br /> and shall bc payablc thirty (30) day�aftcr demand.
<br /> 12. If thr premisc�,or Any part thcrcot',hr�ondrmncd undcr thc po�crr of eminrnt domain.or acquired
<br /> for a public usc,thc damagc�a�►ardrd,thr procccdti for thr tak ing c�f,c>r t hc cun�idcration for tiuch arquisition,
<br /> ' to thc extcnt of thc full amount of thr rcmaining unpaid indebtednrsti ticcurrd b�•thi�mortga�c,on c�rcb��assign-
<br /> cd to thc Mort�agcc,and�hall br paid fi�rthw ith ta tiaid R1��rtgagcc,ta br applicd vn account of thr last maturing
<br /> intilallmcnt+of surh indchtrdnrti�.
<br /> 13. If thc Atortga�or faih ta ma6r an> na>•mcnt.��hrn dur,c�r to �onfurnt to.ind cumph• ��ith am� of thr .
<br /> � conditiom or agrr�mcnt�containrd in thi+mortga�r,ur thr ni�tcti��hi�h it ururr,,then thr cntirc principal tiurn
<br /> • and accrucct intcrc�t�hall at on�r brrumr durand}�+a�ahl�,at thr rlrction ��i�i���.S��rt�agcr:and this mortgagc
<br /> . rnay thcrcupon br torrrlo�rd irnmrdiatr!> f��r thr��hulr ut'thr indrhtrdnr�� hrrch�•,«urrd. inrludin�thr�o,t (
<br /> ' of rxtending thrah.trart ot tiUr t'rom thr datc uf thi.murt�agr tu thr tirn<<�f cummrncing,urh,uit,a rea+anablc
<br /> attorncy'+ fcc.and am•,um�paicf b} thr I)rrartmrnt of�'rtera�i�Aff.iir,��n accuunt af thc guarant�ur imurancr
<br /> � . af thr indrbtrdnrtiti tircurecl hrr�h�. aU u(��hi�h .hall br inrludra in thr drerrr af t'orcrlu�urr. �
<br /> "_:___----..._..__ . 14. If thc indrhtrdnr�ti�r�urcJ hcr�b� b��uarantrrd ur in,urcd undci Titlr ZK. l'nitrd Statc�('�xlr..urh i
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<br /> 7itic and Ftcgulatic>n.iti�urd thrrrundrr and in cffrrt un thr datr hrrrof�hall g���crn thr ri�!ht�,dutir.and liahilitir� .
<br /> . � , ��r ti,�r�n�«n�«r<,.and am rr�i�i�irm��f'thi.��r athrr in.t rum��nt•r�c�inrd in�onnrrti��n��ith.aid�ndrbtcdnc��
<br /> ��hirh an imm�,ititrnt ��ith tiaid ?itlr ur Rc�ul:ui��m are hcrrh� :imcndrd t�� �onfurm thcrrtu.
<br /> � �'° Thc co�cnant. hrrcin �untainr� �ha11 hin�t, and thr hrnefii, ,ind :�d�ant:i�c. .hall inurr tu. thr rc+��c�ti�c
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