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86-10388--
<br />6. If heshe fails to pay any sum or keep any •.covenant provided for in this mortgage, the Mortgagee, at
<br />its option, shay pay or perform the same, and all 4-xpenditurea so made shall be added to the principal sum
<br />owing oil the above note, shah 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 Alortgagor'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 indel.rtedness and shall be payable in approximately equal monthly payments for such period as may
<br />lie agreed upon by ill(- 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 Mortgagee, to be applied toward the payment of
<br />the rote and all sums st •rur,.if hereby in case of a default in the performance of any of the terms and condi-
<br />tions of this mort.gag" or the said note, all the rents, revenues and income to be derived from the mort-
<br />gaged premises riurilig 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 />lceting the rents, re%t nu— nr,d incomo, and it play pay out of said incomes all necessary commissions and
<br />expenses incurred in row'.uy; and managing the same and of collecting rentals therefrom; the balance
<br />retraining, if any, to ht, 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. I -Tpon default thereof, Mortgagee may pay the same.
<br />All insurance shall he carried to 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 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 oxtin�nushment of the indebtedness secured hereby, all
<br />right. title and interest of the Mori,4agor in wid to any Insurance policies then in force shall pass to the
<br />purchaser or granwe.
<br />t(!. A ,id-3t,;tn;._ i a':._. unite l 'r t ho Il.i": Jnr1t ,f ill not, dl-., 1 :L, d, ;md all sums to becotlie
<br />dui IIIldor t nts tl ,111 ;- -y" I !I, ktsy r n:� +_" t tie ti9t :r rgaV. .t!! lo as'. bonuses, profits, reve-
<br />nutis, rot altte-s, I IgIII :. :.i :f t�,, . its a< !:u : !a• y1 1t", ;igt,I u111, r ..n,y and all oil and gas leases
<br />noo., or t!uru1� try• ii; '7:. I tF : ;�*� , �� rof. ,f �.it ...i :� !>r ln;— . •.% ;_!� !it I igl)t to receive and receipt
<br />nr iht aunt• .uni al,!�. ,. - ;a �,dt !: �_ L :, ....,; �,. �� '�� .ts ;ilt� r :•� i'IlW m the conditions of this
<br />rlau, . itnr it!,:! al % - ui_It tt :trnu,lits "01411 due and pay -
<br />ah! but ..Ita ;, J ,_ L� u T c- rtn 1. ;ter a.;,', ,u t -t r ;u null and void upoll
<br />11. He /she shalt not cominit or pennJt. waate, Will : h,JI maintain the property in 115 good condition as at
<br />111• .... ;u, <•v cjit,•d i p; ., .0 lo ate ni ;onfo-all . Mot tgag"k. it its option,
<br />111HA calls" i•'fi >uI', ;a'•.• !nit;ia' L.Ei ;ti 1', E,f i; tit i;r prr(i ill, it i,' t!j, t . -' t1i NJ,,I't }�•'IITOI'. .-� ;I>.' atnUUllt.S paid
<br />Jill t•it , Rl,tllg ;i .J,l,.; . �u� ;� try pal :ndrl,tt•dnt•ss, shall
<br />it,, reitpon b. , „n 4 1 net n tl > t „J_ „• l • fns uish'uant °nt, r. t,il I1- anal tin a parity x 11th all
<br />nNu�r ..,tie�ilit ti1� :: - , nr• ., !�� . t�f�,,�, ant/ s1r;!1 Iv� !�; _ ;t}ti� tl,u�t; I:; +a ,I
<br />12. IS' !!'u _:- irnui-4i r 'h.• Iz.... r t•f , rnJn� tit domain, Or
<br />aryunt�i 1 .. .�. .a,a. 11'.•11• t!, tl !�: t ���r :: ra, ,.� , •J t!.t tvgnu'rratlnn tut.
<br />su,,� at tt i o„„ nrt �, tea Jt tt : ;,,r.�•i} ar,;,,n,l ji l ;e this
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