|
: �
<br /> ,�� ' : . � . __
<br /> . .. ;� .�:. - , . . . .
<br /> � �i�l�'t �'�c��, ' .. �� . . . � . -
<br /> • .
<br /> _ . � . .
<br /> . �._ • . .'... . '
<br /> .._ �
<br /> { � . . _..-. .� 4.c '1�'-:. y.�E:Z ; ; �! . _ -_ _ — _ — ._ —_ T". : i . .__ `._ ..y.. ,.--_ ...
<br /> ` ,: . � .. : {.��..,y .,5 . J l�
<br /> . . ,,�°r.. �-- eH 7^_'..' , � , � s
<br /> — c. ' . ___- - ' ''� t.- 'a - �_�.� '`r . .. y�:�....:_ . . - '�- __
<br /> -� �fu�;�-�- 3 x ,� `- -, .. • .G` � � . . ` � ` , . .� ' � ,.�� . � ---- - ------
<br /> -�� °... . (. ,6. if he/she faifs ta.pay`a�►Y sum on�Cecp an�epv;�agnt pravi�cd��for�ir+this mon6�Sz�;�s Moctgagei:�`af`. `
<br /> � � � • ' �it��p�idn ni�j�RaY or perform t�e same:and al!sxp�►ditu�cs s�madc sha}1 be�iilded ta the prJnslp�i sum owir� � �. . .
<br /> '=�y �� � � on the abovc nose.shall be secured here6y,arid shail bear interest y�Ci1 paid at the t�te prayided i'ar in t�e prin •• �
<br />=i .�' �A'. � . .` f . . ; ,: :''„ .�.
<br />-; cipal inde6t�drtess. ,. � , : , .. ' �� "
<br /> �� � ` 7. Upon cequest bf che Morigagee;Moregagor shalt executc and deliver a suppler�gnaal rtote'or t�otes�,for�� �. ,
<br />- ,,:',..f'•;a;i�,<<�:.:r.�:�`, � . the suin or sums aslvanced by tV�nrt�ee for.the atteTatien.modemization�or improvetn�t r�ade ai�h�t+Qort- �°. , -
<br /> _ ��;��:��;,����• . � ,: . gagor's request;.ar for maintenance of said�rcmises,or�or taxes or assessmer►ts a8a�nst thesame:and for anx` . --
<br /> • �,.:.. �`�.::• --
<br /> _ .�,r�;-..;:�::�`.�>�; .other purpose else�vhere authoriaed hereunder.Said note or riotes stiall6e secured hereby on�parity�an` ,� - -
<br /> _ �s,_'_u..� �.�- = _ _
<br /> :} ,;, �f�y�FF�c�}v��v�denced thereliy were included in the note frst described a6ove.�Said supp _
<br /> _ .�S .` noie or notes shalt bear inttrest at tbe�rate P�vi�?da°r may be�eeetl upon by the MertP,agee�and M.oyrt�ot�.�. __ -_-- ---
<br />_ ,,:=:;z.`.`�>.': <'.;, --
<br /> _�.,;,:.�:<,� � .: . ents for su p � !e thirtY(30)
<br /> ,a_.;f;, .� :., aPtuoximatelY equal mflnthtY 1mYm ---.-
<br />" :�'"'"`=��f,�'"�>':�'::-:�. Faifing ca agree oa che maturicy,the whoie of the sum or sums so advanc�d si�al�t�e due and payab _
<br /> ''�� 'f�;`�'.��'��°'° days after�detaaad bY the Mortgagee.ta na event sha{i the maturity.extend beyond the uitimate maturity aF the � . _v=
<br /> ,•.-��" . .
<br /> v. Y,....:•:-..t.�.:.:' .'e —"--
<br /> _:r:.,=:'::.��:�` aote fust�desccibed above. ---
<br /> �...,: .....:. � .:.' ` ent of ---
<br /> .� . ;`,`: 8.Helshe hereby assigns.cransfers and seu over to the Mort�a�ee..ta 6e applled tuti�rard the paym =-___----- ---
<br /> � che note aack ail'sums secured hereby in case of a defautt in the Resfarmance of any of the terrr►s and conditioas _ _- _
<br /> ��?:,.�::; �:t. ` of this mortgag�oa�Ehe said note.ali the rents,revenues and income ta 6e derived from the mvrtgaged Prcmises - -------- ---_
<br /> n
<br /> '"'^z� � during such time as tfie mortgage indebtedness shsll remain unpai3:and the Mortgagee shalt have power to ap- -_ _
<br /> .:�..a`ta<'.::i.i.,- � ... , _—_
<br /> - � k"� �``.`•`�-%<:�:��'=�'�- � � oinc any agent or agen[s it may desire�for the purpose of rendng the same and collecti�8 the rents.revenues _-
<br /> `��:�f;`�`� : �, p �and ii may pay out of sai�incomes aU necessarY commissions and expenses incurred in sentin�and ___ _
<br /> '� . i��;;�;,;�,..,: and income� if an to be applied toward tt�e --=:. -.-
<br /> ': ,�,': �% „�;.�, managing the saine and of collecting rentals therefrom;the balance remaining, Y. �k __
<br /> f -•,:••�:-<``' • discharge of said mortgage indebtedness. � �,µ�°__—
<br /> .' • .•� ��:r��t . � ` d insurance su t e or es arad amounts as Murtgagee =
<br /> - : �:�,:;���.., �--- .. _... .-- --�--9:Helshe will�cenunuo�,sly_�intain.hazar.--_--- ,�f ch yp YP :----�T ___
<br /> t
<br /> ir "lry�-
<br /> �•.:,.�{`�� may fro�time to time require.on the improvements now orheieaffefi at��d'premi�s�and�except-when-pay�-� � -�- _
<br /> ''�����".�:•��:=":�,':�'•,.`�_ ment for all such premiums has th�retofore 6een made under�ar of paragrapb 2 hereos,will pay promptly when —_ _
<br /> . due amy pr��u���for:Upon default thereof,Mortgag,ee may pay the same.All insurance shall be carried _
<br /> - - ���~�••;~;•�:`� ' �in companies appror��by_the Mortgagee and the poliaes aad renewals thereof shal!be held by the Mortgagee � `�--
<br /> G;,, �, � .� , f.. -
<br /> , ;s���'�,,�. and bave att�ched��hereta Ioss pay�ble clauses in favor of and in form acceptabl€to the Mortgagee•_1n e�ent �—._
<br /> � `° ��� �� of loss V[o:tgagor�vill give immediate notice by mail to ihe 9��nrt8age�e.Wt�o may rat�e proof of loss if not made - � ��s
<br /> •`...'��'1�`�
<br /> � .�`-,.-,.:�: � promptly by Martgagor:and each insurance compa�ny conce�ted is hereby authorized and directed to make,pay- ;
<br /> - ,•:=.:;r�`;-.:��-°��:'�.� ' . ment for sueh lass�.�ctly to the Mortgagee instea� of to�thc Mortgagor and the Mortgagee jolntly,and the f�;���
<br /> �k,�,;;;`���`- �;;;,��=. insurance.proceeds,or any part thereof m f�o�pon or��r of:h g opertydamagod.lnheventof foreclosure ' _ _
<br /> '�rf" � r`�'�� . of che war�.���tedness hercby securcd or ro the
<br /> -�,� 9`.�'�:''::�:...":•�f`��5`�, i „j ..
<br /> ,,...,:;:..�:;;,,...,�M�'�,�, of this�:���8a8�.or other transfGr:c�fi'utle to the mortgaged t��i.?esty in extinguishment Qf the lndebtedness securat`.: .
<br /> ; `,; �`::f'`�.c;;�:�;,';� t°i�;:;, hereby,aiI•right,ti�ic and inie:es���8'the Mortgagor in ari;�`io any insuranee poifa:��tiien in force shali p�as *�.�
<br /> �,'riyair�,y9 t�c.t 7L � ,-' ' . - ,
<br /> -i t ii'��1�:;�'�� 4 .,4': IO Ii12 QII:chaser�or�'^°.asee. . . . . . . . . . . . . . , -°. . .
<br /> ��; ,.
<br /> '���'`; � �•' ' 10�.A�s addiuonal and collaceral security for the payment of ths nbte described,and all sums to become '•<�� ��s,. : ,�
<br /> ,.,
<br />� ;� - �'� due undec.this mortgage,the Mortgagor hereby assigns to the Mortgagee all lease bonuses, profits,revenues. '`� ,,,,,t
<br /> _ !�`��,:�:;:;; royalties,rights,and other benefits accruing to the Mortgagor under any and aU oil and gas leases now.or dur-
<br /> � • � •, ing the life of this mortgage.executed on said premis default n th conditio s of hs ongagerand tae Morta �/�'' �__ _
<br /> - • i, ' apply them to said indebtedness as well before as after � _
<br /> ��-_
<br /> ':ti?��,, gagee may demand,sue for and recover any such payments�vhen due and payable,bu!sha11�a't'be required . ;��-
<br /> • . .��y'•�'`jr�.s+'`• . so tg'�. This assigr►menc is to��.*minate and become null and void upon release of,this mongage. , �.,,.=g��__-
<br /> ' .:,?y�)`F.tYj' . .. .�-. + .� �": ..
<br /> � .'r;i+�' '' 1"s�"IEL�/she shalt not com:.�.�:c cr permit waste;and shall maintain the propen�.s':�as good condidon as a��
<br /> "���;�^t��i;:' � � Y onable N��and tear ezcepted.Upon any Pailure to so maintain,Mortgagee,at iu opdon,riiay cause ��'''��;t�;_
<br /> � pres��n:;_�s �.�...;:�-
<br /> ; r;�°;�,,�,. .,'. ` ;� .,. ;� !�t�':.��
<br /> . ,.,�J,.r. : rcasc%:.;.:;inainte.a�::�work to be performed at the wst of Mortgaga=�. �ny amounts paid therefor by Most- 5-.,;. :.� :
<br /> �ness,shall thereupon become a part �"�` �-���`'���
<br /> � �a�e,:;:�;1 bear ir.':�est at'the ratc provided for in the principal inCPL�y. �• .�,��;"�'.
<br /> � � � of t°:�:::3ebtedness secured by this instrument,ratably and o�a a�arity w�6 a l l o t h e r i n d e b t e d n e s s s e cured hereb y, �,;,�_
<br />- ' ' and s:�:��be payable thirty (30J days after demand. . . ��° � -
<br /> ,� ; 12. If the pre���ses,or any part thereo..`-.,�:e condemned under the power of eminent dumain,or acquired . , ' ��r
<br /> ` .� : � � • for a public use,the damages a�varded,che�r��ceds for the taking oP,Q*the consideration for such acquisition, : . ,
<br /> .: �. ' : .. � � to t�e ex.ient of the full amount of thc remaining unpaid indebtedness scct�rcd by this mortgage,or hereby assign- .
<br /> ..:,r:;.:•. � - �
<br /> � "��!?s�, �d;.;;;;_.��t,4ortgagee,and shall���:.id forthwith to said M�:�.�agee,to be applied on accounl of the last maturing
<br /> � s;�:��.;�,'ty: , , ,
<br /> ..F� ` � . �,,,�;�� insiaw!:�:.��ts of such indebtedress. ,
<br /> .�.,. : .; .. �_ � w:;��'�a�! vf tl�e
<br /> ' � 43:��Li the lforc�agor fails to make any payments�vhe1 due,or to conform ta and comply a,r
<br /> � ' cor.�ii.icl:s or ag:v:�.��c:�ts contained irt chis mortgage,or thc notes which it secures,then the entir�:C��:�a.C� �m
<br /> , , an3�,�a:r�aed interest shatl at once become due and pay�aT�ic,at the elecdon of the Mortgagee:and:,cl�i;s��?.���:��3�'.�
<br /> �� � � may Y,li�eupon be foreclosed immediately for the whot�crf the indebtedness hereby secured,inc<�u�ji?:>>Js_e.cc� ,
<br /> + � � of ei:tznding the abstract of titie from thc date of this mortgage to the time of commencing such suec,a reasonaUle�
<br /> ' � � altorncy'�fcc,ai�u any sun�s paid by ihc Dcpartmcnt of Vctcruns Affairs on accouni of the guaranty or insurancc �.
<br /> � of the indebtedness secured hereby, ali aE �vhic�shall be included in the deeree of forectosure. � .
<br /> :j. . . , � ' �
<br /> ' 14. lf the indebtedness sccurcd hcreby be guarantecd or insurcd under Ti�le 38, Unitecl Statcs Code,such �
<br /> � ,; . . ., ;itl�::1�Rc�ulacions i�sucd tHcreunder and in cffect�on thc datc hcrcof shall govern thc rights,duties and liabilitics . • ; •
<br /> �i' f:� � �• of che parties hereto.and any provisions of this or other�nsvuments executed in connection with said indebtedness , i .
<br /> �' ;u,.. - �vhich are inconsistent uith said Title or Regulations are hereby amended to conPorm thereto.
<br /> ' '•� Tf�� co�•cs�aji:>h.r�in contain�d sh211 bind, and thc bcncfits ai�d advantagcs shall inurc to. thc respectivc i �
<br /> , �• .
<br /> - + ,. � .
<br /> �.,. . • . ,
<br /> �..`_.T._.�-------—��--_.
<br /> ;.. ..' . " .. .. . ... �
<br /> y
<br /> A"
<br /> . , ;/
<br /> - i• .
<br /> { . .. .
<br />
|