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86- 102395
<br />6. If he /she fails to pay any sum or keep any covenant provided for in this mortgage, the Mortgagee, at
<br />its option, may pay or perform the same, and all expenditures so made shall be added to the principal sum
<br />owing on the above note, shall be secured hereby, and shall bear interest until paid at the rate provided
<br />for in the principal indebtedness.
<br />7. Upon request of the Mortgagee, Mortgagor shall execute and deliver a supplemental note or notes
<br />for the sum or sums advanced by Mortgagee for the alteration, modernization, or improvement made at
<br />the Mortgagor's request; or for maintenance of said premises, or for taxes of, 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 he due and payable thirty (30) days after demand by the Mortgagee. In no
<br />event shall the maturity extend beyond the ultimate maturity of the note first described above.
<br />8. He /she hereby assigns, transfers and sets over to the Mortgaagee, to be applied toward the payment of
<br />the note and all sums secured hereby in case of a default in the performance of any of the terms and condi-
<br />tions of this mortgage or the said note, all the rents, revenues and income to be derived from the mort-
<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 ano col-
<br />lecting the rents, revenues and income, and it may pay out of said incomes all necessary commissions and
<br />expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance
<br />remaining, if any, to be applied toward the discharge of said mortgage indebtedness.
<br />9. He /she will continuously maintain hazard insurance, of such 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 />except when payment for all such premiums has theretofore been made under (a) of paragraph 2 hereof,
<br />will pay promptly when due any premiums therefor. Upon default thereof, Mortgagee may pay the same.
<br />All insurance shall be carried in co rloknies'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 />form acceptable to the Mortgagee. In event of loss Mortgagor will give immee- ate 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 />instead 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 />transfer of title to the mortgaged property in extinguishment of the indebtedness secured hereby, all
<br />right, title and interest of the Mortgagor in and to any insurance policies then in force shall pass to the
<br />purchaser or grantee.
<br />10. As additional and collateral security for the payment of the note describe d, and all sums to become
<br />clue under this mortgage. the 5ortgagor hereby assigns to the Mortgagee all lease bonuses, profits, reve-
<br />nues, royalties, rights, 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 apple them to said indebtedness as Nvell before as after default in the conditions of this
<br />mortgage, and the Mortgagee may demand, sue 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.
<br />11. He /she shall not commit or permit waste: and shall maintain the property in as good condition as at
<br />present, reasonable «ear and tear excepted. Upon any failure to so mai,.rain, Mortgagee, at its option,
<br />may cause reasonable ma:mtena nce work to be performed at the cost of Mortgagor. Any amounts paid
<br />therefor by Mortgagee shall interest at the rate provided for in the principal indebtedness, shall
<br />thereupon become a part of the indebtedness secured by this instrument, ratably and oil a parity with all
<br />other indebtedness secured hereby, and shall be payable thirty (30) days after demand.
<br />12. If the premises. or any part thereof, be condemned under the power of eminent domain, or
<br />acquired for a public use. the ,lamages a%t•arded, the proceeds for the taking of, or the Consideration for
<br />such acquisition, to the t'\tent of the full amount of the remaining unpaid indebtedness secured by this
<br />mortgage. or hereb> assigned to the btortgagee, and shall be paid forthwith to said Mortgagee, to be
<br />applied on account of the last maturing installments of such indebtedness.
<br />13. If tilt- Mortgagor fails to tnalw am• payments when due, nr to conform to and comply with any
<br />Of the conditions or agI1.011ents contained in titi�. mortgage, or the notes %)rich it secures, then the
<br />ent.ir•e principal sum arid accrued interost shall at once become due and payable, at the election of the
<br />M"Itgagee; and this nwilgage may thereupon be foreclosed immediately for the whole of the indebted -
<br />Iwss hereby secolod, iireluding the cost of extending the abstract of title from the date of this nwrt.-
<br />gage to the time of commencing such suit, a reasonable attorney's fee, and any sums paid by the Veterans
<br />Administration on auounC of fire guaranty or
<br />insurance of the indebtedness securr�l hr -r,by all of which
<br />shall be included in the decree of foreclosure.
<br />14. if the inrlebte,dne s secured hereby he guaranteed or ntsnrl ed under Title ';k, i'nited Mates Code.
<br />Such 'Fide and Regulations i rued thereunder and in Ifcc1 on th.• plat,. h. r. of ,Tall goof n Ill.. r fights, d rue,
<br />L— and liabilities of till- parties Iloreto, and a.ny provision'; of till.,; ,r „tile r r list I'll tnrr,ts +xcruted in connecticm
<br />.villt Said indebtedness which ary irrronsistent \vilh Said 'title nr Reguinti„os are• her,•be :unrnded to
<br />,u,form thereto.
<br />The ,ncc•ttants her,•tn container) ::hall binf, and hclwlits and :,:Icar,tagor si::ril mare t.,, th,
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