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86, 102542
<br />6. If he/she fails to pay any sum or keep an ^,-_ovenant provided for in this mortgage, the Mortgagee, at
<br />its option, may pay or perfot'm the same, and all cxpendituras so made shall be added to the principal sum
<br />owing on the above note, -{hail be secured hereby, and shall bear interest until paid at the rate provided .
<br />for in the principal indebtedness.
<br />i. 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 re'<luest; or for maintenance of said premises, or for tares 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 anti 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 or the maturity, the whole of the sum
<br />or sums so advanced shall be clue and payable thirty (30) days after demand by the Mortgagee. In no
<br />event shall the maturity' extend beyond the uitimaw inaturity of the note first described above.
<br />8. He /she hereby assigns, transfers and seta over to the Mortgag..c. to be applied toward the payment of
<br />the note and all sums stcuri,d 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 and 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 Name and cif collecting rentals therefrom; the balance
<br />remaining, if arty, to he applr,-d to%tard 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 camel in companies approved by the Mortgagee and the policies and renewals
<br />thereof shall be held by the Mortgagee and have attached thereto toss payable clauses in favor of and in
<br />form acceptable to the Mortgagee. In event of loss Mortgagor will give immediate notice by mail to the
<br />Mortgagee, who may Hake 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 tine 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 (.if the htortganor in and to any insurance policies u`iern in force shall ppss to the
<br />purchaser or grantee.
<br />ill. y fur th" pad ment of the not, - �i, •� ��, d, 1 all'unis t,i heconte
<br />lhte under this m�::rt�:cge, the aar-tgag"J' ht rr.h c assigns to the Nlortrag.t all least- honuse:,, profits, rt�ee-
<br />mres, royalties, rights, n,,;i •tthr•r bonehts acentins; to the 3tortgagor utndc r anti' and all oil and gas leases
<br />now, or during tnt irtc, elf this ^v,i,WaKt., cxecutrd on said a ;•raises, ,eith the , ! v
<br />l a and receipt
<br />for the �4anu' anri al ph th"Ill t,..:ud ;nd,•bl, di ,:se as sail i„ ; ,., as -ifter tlrfaid, in the vonditions (if this
<br />mortgage, and the llr,rtg."V r naav df- rnatnd. sue fill- and rec-nv, °r any sucii pa. nu its stern slue .11111 pay-
<br />all!", but shall not. L . d,, Ti ;r� ..;:,irnm,•nt t:; t.rm rate Zan,! :!u;; and caul upon
<br />release of this mortgagr ..
<br />11- He she shall not commit or pertn:t waste; and shall maintain the property in as good condition as at
<br />present, t'easonabie ,teat' ami lair . • "'"o ed. l port all -, ffuiuro in so mttintail ;, 11,'�r'.}:t} ;e, , at its t,ptton,
<br />may catrsr roasotaair nrunt, n:u:ce ,ciu'k to h,• !a =rfornitr +l at the cast of \fur. r; al ;r. :1111 :attaui , t
<br />nt pall
<br />therefor by Mortg.ixe shall l„�:.i ir�_erest at th, rate pr"%zdf -d Lr in the p:,nr� pal Inlot�todnts, shall
<br />tin :eulxan become a part o� ti, i sockired by this ir,struntent, rat zr I•.:,n:' un a pant; ,cah all
<br />-rtl,cr indebtedness and shall ?,.: payable thirty t30a da_; c aft. r demand.
<br />12_ If th,- pretn ;yes. ur any part. ther�af, 1,.� ;.nn; ? ^nvi cri und,:r the po•s t•r ,.: eminent domain, nt•
<br />3ctluired for a puhl,c u,., i". �larna�'ts xicattic�d. ti e proceeds for tIc tieini, tf, car t3'„-c „ti.� ;r +: -ripen f• :r
<br />such acqut;rtion, to _t, ., ,.f the full pit of 01” t-t1n.,limng 1jr1paid 1n,u6t,'du <.ss moci:red by this
<br />mortgage, m- hc•ren sss ;g • l to th. LL .+ r d e ,
<br />i. �, :,n hall bt nail{ ntlia:t.
<br />applied on account ,�t + „i.n,rnts 'w h Ind, ht„irt s:c_
<br />13. If th t. tee mks' an l i'.11!' is vh"t duo. or to m *ii ru}: Fan)•
<br />of the con„itiolis 0 a�rc,n; its ;�,t.t,eil,ed ,11 0',s rtlortgaw r L1. :,tt, ,. t t ;•u his.•
<br />entire prw,rpal sun au,l :i„ hec1 m• jjjjtj p.n ..,� „ !., <,1, o, th,•
<br />,%I rtgagee; and h.• it r closed unm „<iisti=iy tot- ill,,, .,li l ! t!;,.• zto'ns 1it•rvi t ..!tt1 ?•. 1 K ,. io. <( cif the
<br />ytaKe to t,hi trnit „f ..,ne r. iy <tlrh lint. a , t.s,�nable attor:i for, ,i,t i ,u,�; u;rx 1� t I n ;hr• t trr;ms
<br />Adrn,.mstratic,n pit: ,i•: c,nrrot t Ju guarant. .,rr i ,, the u, i� ht• i„ iii f +cha�'h
<br />shall be inchided in th,.,{el-r.,e,,•f fc�rc•clostare.
<br />14- If the imiebteinesc.5_eurt'rl hereby ho. �itari? tr,�,l .,r ,s�irt,i ^,tier T'I, ';ti, Stit,s
<br />+aeh Titie sans# Itesrn!ations j,s,14Kj
<br />s'md habahit"s or the parti "S hart ,;. and an> , . ,.;voa. ,f t!�.; _ � ,l „ utr,:n it: �,•, r;
<br />ith said irtdeht[rine4; }lick, are rt nsir,tent with ;iii dl T!90
<br />�': n ,.,roi thereto.
<br />Th ?o t.�.nant_ t t: „o I bhali ! .i- a ld m+i n l
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