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86--- 10278
<br />6. If he /she fails to pay any sum or keep an3, covenant provided for in this mortgage, , the Mom, at
<br />its option. may pay or perfcirm the same, and all expenditures so made shall be added to the principal sum
<br />owing on the above note, shall be cured 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 e=xecute 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 or assessments against the
<br />same, and for any other purpow elsewhere authorized hereunder. Said mote 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 sure
<br />or sums so advanced shall to due and payable thirty (30) days after demand by the .1icrrtgagee. In no
<br />event shall the maturity exte =nd beyond the ultimate maturity of the note trst described above.
<br />S. He /she hereby assigns, transfers and sets over to the Mortgagee, to be applied toward the payment of
<br />the note an(] all sums :,:e -cured 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 aplkeint. any= agent or agents it may desire for the purpose of renting the same and col-
<br />Iecting the rents, revenue =s 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 he 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 1a) 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 companies approved by the Mortgagee and the policies and renewals
<br />thereof shall be held by the Mortgagee ami,ha�e attached thereto loss payable clauses in favor of and in
<br />form acceptable to the Mortgagee. In event of 1068 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 />instead of to the Mortgagor and the Mortgagee Jointly, and the insurance proceeds, or an
<br />1? y part thereof,
<br />may be applied by the Mortgagee at its option either to the reduction of the indebtedness hereby secured
<br />or W the restoration or repair of the property damaged. In event of foreclosure of this mortgage, or other
<br />transfer of title to the mortgaged
<br />rtgaged 1; :)
<br />perty 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. L
<br />il). Asadditiormiant 1 tojLib ral st(cur ii' fa- tli(' payr'nent of the liote' d s, 1 l,I= 'i, .,nd all surly to, becon't-, �
<br />due under this mortgage, 01e, A1= 11gagor her by° a,%signs to the o-r , ag! ( a }i lease bonuses, profits, re vt -
<br />nr.res, royalties, rights, an(i other bene�frts accruing to the Mortgagor under any° and all oil and gas leases
<br />nou, or during tre life of this mortgage. executed on said premises, xvlth the right to receive and receipt
<br />for they same: and apply t }lem tosjitl indebte( }n( , as ` -ell be -fore is after default in the Conditions of this
<br />mor "tgage. and the Abortgage't may demand. sue for -and recover any such payments wrtalt due and jJ$y-
<br />able, but shall not be sc, to do. This assignment is to terminate and bcct)nie null and void upon
<br />rele =ase of this mortgage.
<br />1.1. He 'she shall not commit or
<br />permit waste; and shalt maintain #bar property in as good condition as at
<br />present, reasunahle wear and tear excepted. Upon any failure to so nlaintaill, Mortgaegee., at its option,
<br />may cause reasonable m aintc�t, t.,(;e work to be per•fctrmed at tnr c(.,s± of 1lortgag(ar. ►� }� anrouni,5 paid
<br />therefor by Msirtgai;ee shall €,(gar interest at the rates provided for in tt;t ll _ „; i
<br />i t' pit} .rid(- �btedness, shall
<br />thereupon become a liar t iii` the! indebtedness secured by this instrument, r.ltal.�iy° anti 011 a parity Sith all
<br />other indebtedness -ur( -d hereby, and shall be payable thirty (30) clays after demand.
<br />12. If the era Misv, or any part the >re(tf, be condemned under the pm •:_,r of eni nelat do-main, or
<br />acquired for a 1)ui)l.t !1 (. thu dainagee awarded. the prOceeds for the talclri o , or t i
<br />K r }:t, ( =,nsl.it ° rat ion for
<br />such acquisition, to the ext.i nt Of the full amount of the r('maining unpaid indebtedness Secured by this
<br />mortgage, or hereby assignod to the Mortgagee, and shall be: paid f ,r thtie-ith 10 said NI(1rtgagf?e, to ber
<br />applied oil account (.t the- last niatur•1ng instailnlents of such indebte.dnt -s.s.
<br />13. If the Mortgag,> ills to Inake any pagnr?nts Ec °iren due Or to cc� fit} ,
<br />s 1111 ,, anti �onio,:� �xith any=
<br />of the C( }nd1CiC +ns oI igre+. the nts contained 1n this mortgage, or” the r ?tit(♦ 11'h;(11 it SE.t _I t' <t, tl;f !1 th('
<br />entire principai Zuni 3rn, ci+crui d interest shall tit once liecorrie due and payal >lt, at the tloc,I )Il ll tl1(,
<br />Mortgagee, and this X;to1`tg.dgt n1Zfi the'reupuli'W torPvlo5(?d irnrrmedi tely for tilt' -, iil,%, of t _,
<br />r h(' 1il(tcbted-
<br />r,(.� hereby recut =ti si'it 1.(111ii„� t}9t' cost of "ytending the abstt.ict of title fl-"m thte datt= of this lnort-
<br />gage to the time of t <sn.nit 1,C'llig 1t}i 51rIt, a It',Asorlable attorney's fu(, ad e L
<br />ilte, .ill L`12 1111 lr4 tilt .'t.l'r'$ng
<br />A41/2lrriiiitrat ►vn on :te( °e>Uf.t ()I' 113(' itrlarrant.y or trisuratio. of th ,r ilPl.)ttt }rle'wti cuC .,,,i l'a ^reb.\ all t ?t '00, 't?
<br />shall be included in the dilcret" of fttrrq( °lostrt'e.
<br />14� If the indebt(ine securt -d hereby ])e Euarankle* d � r insiji
<br />Fl s rdvir t 4 I rl1 1 `t r+
<br />?iiz`I1 Title arr(�l Tlerlat ?faf3i ,tta �3 r1are'11T1d(C .nd ,r1 c>!]z >�t rt► :,,. i�o?o' t t "hail
<br />o E, gt i ern `, a rights,
<br />t�= r =, i.>
<br />"d ]t bllities, (i is E
<br />ti1C J rt i €*ZZi lie P #tt, ;:fr1tl any rrrt)l?l lrlllw C�' }i v :.t2 oi: € :itstf-tlrS.�'t1t� \ti_ilted 111 italne.. t,r-in ,
<br />with Said rrffiel)t.e'iness lov�lrh art, iii :'onsislor:t ii'1t..h €.vi..l 1•'el.; ov 1:r gU3w le�I b . R`►-
<br />c0ftfor:rl there
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<br />:»3n(# !.hi> PN °r .; jit,� :lI ?tl .`1= Z t,a�Sa� >i �)'`. _cl. }'�ei.�F> to
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