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<br />88- 104158
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<br />6. If he/she fails to pay any sum or keep any covenant provided for in this mortgage, the Mortgagee, at
<br />ita option, may payor perform the same, and all expenditures so made shall be added to the prineipal sum
<br />owing on the aOO....e note, shall be secured hereby, and shall bear interest until paid at the rate provided
<br />for in the principal indebtedneS8.
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<br />7. Upon request of the Mortgagee, Mortgagor shall execute and deliver a supplemental note or notes
<br />for the sum or sums advaneed by Mortgagee for the alteration, modernization, 01' improvement made at
<br />the Mortgagor's request; or for maintenanee of said premises. or for taxes or assessments against the
<br />same, and for any other purpose elsewhere authorized hereunder. Said note or notes shall be secured
<br />hereby on a parity with and as fully as if the advance evidenced thereby were included in the note first
<br />described above. Said supplemental note or notes shall bear interest at the rate provided for in the prin-
<br />cipal indebtedness and shall be payable in approximately equal monthly payments for' such period as may
<br />be agreed upon by the Mortgagee and Mortgagor, Failing to agree on the maturity, 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 matul.ity extend beyond the ultimate maturity of the note first descl'ibed above.
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<br />8. Helme hereby BSligns, tr8l1lfers 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 of uny of the terms and condi-
<br />tions of this mortgage or the said note, all the rents, revenues and income to Le derived from the mOlt-
<br />gaged premises during such time as the mortgage indebtedness shall remain unpaid; and the Mortgagee
<br />shall have power to appoint any agent or agents it may desire for the purpose of renting the same and eol-
<br />leeting the rents, revenues and income, and it may payout of said incomes all necessary commissions and
<br />expenses ineurred in I'enting and managing the same and of collecting rentals therefrom; the balance
<br />remaining, if any, to be applied toward the diseharge of said mortgage indebtedness.
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<br />9, Helshe will continuously maintain hazard insurance, of sllch type or types and amounts as
<br />Mortgagee may from time to time require, on the improvements now or hereafter on said premises and
<br />seept when payment for all such premiums has theretofore been made under (a) of paragraph 2 hereof,
<br />will PlY promptly when due any premiums therefor. Upon default thereof, Mortgagee may pay the same.
<br />All inaurance Jhall be carried in companies approved by the Mortgagee and the policies and renewals
<br />thereof shall be held by the Mortgagee and have attached thereto loss payable clauses in favor of and in
<br />fonn acceptable to the Mortgagee. In event of loss Mortgagor will give immediate notice by mail to the
<br />Mortgagee, who may make proof of loss if not made promptly by Mortgagor, and each insurance company
<br />concerned is hereby authorized and directed to make payment for such loss directly to the Mortgagee
<br />inatead of to the Mortgagor and the Mortgagee jointly, and the insurance proceeds, or any part thereof,
<br />may be applied by the Mortgagee at its option either to the reduction of the indebtedness hereby secured
<br />or to the restoration or repair of the property damaged, In event of foreclosure of this mortgage, or other
<br />tranafer of title to the mortgaged property in extinguishment of the indebtedness secured hereby, all
<br />riaht. title and interest of the Mortgagor in and to any insurance policies then in force shall pass to the
<br />purchuer or pantee.
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<br />10. As additional and collateral security for the payment of the note described, and all sums to become
<br />due under this mortgage, the Mortgagor hereby assigns to the Mortgagee all lease bonuses, profits, reve-
<br />nues, royalties, l'ights, and other benefits accruing to the Mortgagor under any and all oil and gas leases
<br />now, or during the life of this mortgage, executed on said premises, with the right to receive and receipt
<br />for the same and apply them to said indebtedness as well before as after default in the conditions of this
<br />mortgage, and the Mortgagl.e may demand, su~ for and recover any such payments when due and pay-
<br />able, but shall not be required so to do, This assignment is to terminate and become null and void upon
<br />release of this mortgage.
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<br />11. He/she shall not commit or permit waste; and shall maintain the property in as good condition as at
<br />present, reasonable wear and tear excepted. Upon any failure to so maintain. Mortgagee, at its option,
<br />may cause reasonable maintenance work to be performed at the cost of Mortgagor. Any amounts paid
<br />th'erefor by Mortgagee shall bear interest at the rate provided for in the principal indebtedness, shall
<br />thereupon become a part of the indebtedness seeured by this instrument, ralably and on a pal'ity with all
<br />other indebtedness secured hereby, and shall be payable thirty (30) days after demand.
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<br />12. I( the premises, or any part thereof, be condemned undel' the powel' of !'minent domain, or
<br />acquired for a public use, the damages awarded, the proceeds for the taking of, 01' lilt' considcl'ation fOl'
<br />such acquisition, to the extt>nt of the full amount of the remaining unpaid indchtt'clrlt'IIS s('clIred by this
<br />mortgage, or hereby assigned to the Mortgagee, and shall be paid forthwith to said Mnrtgagt'e, to bt'
<br />applied on account of the last maturing installments of such illdebtedn('ss.
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<br />13. If the Mortgagor fails to make allV payments when due, 01' to eon form to ancl ('ornply with any
<br />of the eonditions or agreements contained in this mortgage, 01' the noh's \lhidl it SI'I'UI'I'II. lIwlI tilt'
<br />entire principal sum and accrued interest shall at once become due IInel pllyahlt" lit 1111' 1'11'('llon of the
<br />Mortgagee; and this mortgage may thereupon be foreclosed immediately fol' till' IIhoh' of tht. indebted-
<br />nellS hereby Ill.'cuft.d, illcluding the cost of extl>ncling the abstract of title frolll lhl' e1att' of this mort-
<br />gage to the time of commencing such suit, a reasonable attorney's fee. Rlld any slllllS pnlll hy till' \'l'!I'I'RnS
<br />Administration 011 account of tilt' guaranty or insurance of the ind"'llt'dnl'ss SI'I'IIl,,'dllO'r.,hy, 1111 of whidl
<br />shall be Included in the decree of foreclosure.
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<br />14, If the indebtedness secul'l'cl herl.by be gual'l1lltl'l'd fir IIISIII'I'<1 1111.1,,1' TIIII' :\~. "Illtl'd Stnh's (',"1<>,
<br />"lIeh Tilll' alld Rl'gulations issued lhl'l'l'und"r lInel in I'ffl'd Oil t III' dati' h,'n'flf shllllll'''' "I'll I h" rIll'll"', dulll'.'
<br />and liRhiiitil.g of tll!' pM'liNt 11I'J'l.to. nnelllny prOVisions of tll I.' or otllt'1' IIlst I'll nlf'lI I, "",,'111 ,.oJ 1 II 1'\ ,"II.,..t 1"1I
<br />with l\RleI irlllehtl'lltll'~~ whit-It 111'1' ir1l'onsi!lll'llt with !laid TiUI' or ltt'glllllllollS :II',' 11"1'1,1>\ :lIIH'llo1,.d to'
<br />..on form Uwrl!lo.
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<br />TIll' r'''\,''ntlllt~ 1t"""11I /'ollflllflt'rt !lhllll hlrlrt. nlld tht. t"'II"'it< IIlld :I,hlllll:llp' ,lilli' "11'10' too !I"
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