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86-. 103878
<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 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 maturity extend beyond the ultimate maturity of the note first described above.
<br />8. He /she hereby assigns, transfers and sets over to the Mortgagee, to be applied toward the payment of
<br />the note and all sums scoured 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, revenu, 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 bo ahplieil 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 companies approved by the Mortgagee and the policies and renewals
<br />thereof shall be held by the Mortgagee and have atiached thereto loss 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 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 he 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 nwrtgagecl t,ropert_,' in extinguishment of the indebtedness secured hereby, all
<br />right, title and interest of the 'Mortgagor
<br />in and to any insurance pobcies then in force shalt pass to the
<br />purchaser or grantee.
<br />ip. Asadditun,.Ii•, fe.t t fir pa"niontofthc!]"t, il*<. .rr::•.,1.:,r;dallsumstobecunu,
<br />due undcv th;, roar;; %• i;,. the �l<;rtg;tt,�r iwre4)) a�signti to the llnrigng,, ail East Bunn es, profiL, rr've-
<br />nucs, ru�;titir , t rgl� ?::, :::;,f r in t;,•fits arcruiny; to the ti:,rtgagor +nul1•r :!W, antl all oil and gas leases
<br />Tv, vr, m• during tnc !nt. rn,o gag,•, c�, cut,',I �,n a:u�l l,r-rnrscs, "�01 the, right t,r I- coixe and receipt
<br />Cm. the carne and ;ippit ;ii. ir, as alf:'r :ieiauit In Ill- conditions of this
<br />n� =rtgagc, ar,:l 1!i, \1 a tyCa :•, n�a� ,!,. mtu�rl. �tr< f„r au,i ::.::c, r a_. >n� li t'a) m,•nt_; 'k 1J.-II duo and pay-
<br />but skill not h, .,•qua:::• :n in dn. This ass;gnnr� rt i, . , trnnin<tt tirni h, cotn,' null and N, ulu>n
<br />rcicas, of this nt,urtgagc.
<br />11. hie she shall not commit or permit wakte, and shall maintain the property to as good condition its at
<br />1,1, >cnt, reaco.nahlr "ar c .U' :'y, opted. l'p, n ! ", faller • t, r r:a,r t Ml,! lgagc,-• at its option,
<br />nrty cause r,astrnal:- n;.unt, to he pr1 i at th, �,f )T +,rtg::g�,r. 1:J.� aruuunLs Paul
<br />!h:.rf'„r b' M,;rtgr, ._—" it ,tr tnL�n�st at if,_ rr..: tmv.,ld —i :r rh. n::,: 1.
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