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86— 1 OA62c_3
<br />6. If he/she falls 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 noten
<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 not" shall be secured
<br />hereby on a parity with and as fully as it 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 Nlortgag ee 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) day ys after demand by the I Mort gaM, 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 seta over be
<br />over to the Mortgagee; or 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 rent& 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 />renting collecting r - the balance -
<br />expenses incurred in i g and managing the same and of colk rentals therefrom, tl
<br />remaining. if any, to be applied toward the discharge of said mortgage indebtedness.
<br />9. He /she vnfl continuously maintain hazard insurance, of. such type or types and amounts as
<br />-Mortgagee may from time to time requare. on the improvements now or hereafter on said premises and
<br />except when payment for all such prermums has theretofore been made. under fa) of paragraph 2 hereof.
<br />will pay promptly when due any premiums therefor. Upon default thereof, Mortgagee nmT pay the same_
<br />All insurance shall be carried in companies approved by the Mortgagee and the polictes and renewals
<br />thereof shall be held by the Mortgagee and have attached thereto loss payable ci-- in favor of and m
<br />form at:ceptable to the Mortgagee. In event of loss Mortgagor will give immediate notice by mad to the
<br />Mortgagee. who may make proof of loss if not made promptly by Mortgagor, and each insurance company
<br />concenied is hereby authorized and directed to make payment for such loss airectly 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 Morsgagee at its option either to the reduction of the indebtedwst hereby secured
<br />or to the restoration or repair of the property damaged. In event of foreclosure of *its mortgage, or other
<br />transfer of title to the stior4piged properry in exurigaishment of the avdiebtedness "cured. hereby, all
<br />�rwftt, title and interest of the Mor4pgor to and to any insurance poficAt-A d" in force shall Paw to the
<br />purchaser or grantee_
<br />lit_ As additional iAnti,,kllateral security for the Tray -meat ofthe
<br />due under this mortgage, the Mortgagor hereby assigns to the Ntortgiage*= All lease bonuses. profits. ro_y-
<br />nues. royalties, rights. and ether benefits accruing , to the M-,rtgagor uriav I r any anti all oil and gas Isases
<br />now, or during trie i� fe �_f, his mortga
<br />ge. " executed or, said plL#muies, , tl'Ith the right to- recvrve and receipt
<br />40-k as I ter k3erAuft, in the conditions of this
<br />far the same anti APPlAr thvin to said indebtedness as w"ll NWI a'
<br />mortgage, anti the Mortgagee may demand, sue for and rccvver any iuch paymras w hen due and pay-
<br />abk,, but silall not be iN-uiii-i s. , to do. This assignmt-nt as tt:i lermmat,2 and be�onne null and voidilpon
<br />release of this mortgage
<br />11. Heishe "not commit or permit waste: and shall maintain the property m as good corAhum as at
<br />riresent. reasonable gear anti tear excepted, Upon arty failure to so maintaiii; Moetgagte, at its option,
<br />rna cause reasxnau ;Q maintenance w oek to be pi�rfi)rmed at the cost of Mortgagor- Any amounts palmaintenance
<br />Increlur by Mortgagee shall il-rar interest at the W,,e pnji. ided fir !-I tl�l P, mcipWl in-jec-l"ness. ahaR
<br />thereupon become a part of the mdetitedness secured b�. this mstrument. rataW ' i I atid, On a parity %A it h ail I
<br />other indebtedness secured N�rtrby, and shall be payable thirty 430) days aft.�,r,demartd_
<br />1 2. If the premises. or any part thereof. be condemned under the power of eminent &x main. or,
<br />d for a public use. the ahirnages awarded. the prc*eet.-tis for the taking )f,iortie
<br />'n for
<br />suill ANltuition_ To th, c%T-nt o ih� tWi am ount of the rvmWning, unpaid 5eui-'i 4v th-'s
<br />mortgage, or hereby assAgne-i tt, the Nfvirtga 9 ee. and shall be paid fit ihNN ltb It
<br />on acs m;n! i,fthe !a innatm, mg i nstallmvnts ilf such indebtedness.
<br />13. if the fAJs to -mak anv pas m(-!.ts when due. or to cfinfoi m *,, anti wtth any
<br />i,f th, (tjr,&tions + =i citntamed -,n t'.ms -ria:)rl4age. „r the then ti..,
<br />AWIl't, prini_�tw surn anti aetvosd ,.,,,rt-st sKali at . ,,nce bt-ctim� tiu,� an'i 't', th, "'f tf'�e
<br />_Nfortjzag,*: and th-is may tfi4ir�ulxiit be f•-�;reclostd immediately 'or .ht: •th�-'Je vf th,= indebted-
<br />nt.'s, ?I. lilt . i,urm 4, 'hk, titt rg the abstract of nilti fv-m. 'he at of *hus mort-
<br />gaC,L, 117 tho time,,! SUCh 5111L A r: ASi '141 a to n v s and T unu Paid bv -,r
<br />oTlact t r e AF- an�s
<br />-Idmim
<br />'s t>n at.,:Q-unt fit tiv guarant, or insurance =.4 the mdebt,,iness _�:u,cd beib- al',� ix-nigh
<br />shall be included in the decree of foreclosure,
<br />I t If the indebteidness,,wcured hereby be guaranteed or -nsui <d under Title 38. United States Ccsiv.
<br />,orh Titleand Regulations issued thereunder anitin efff-ctori fl- •We h-re,44 shall govern the nghts, ilutii_
<br />U
<br />irid habOities of the parties hereto- and any pnovisioniof this -,r other mstrumetits exec, t e
<br />ii m conrectino
<br />AiTh sail 'ntiebtednem ishorn are kncomiistent with said Title or Regulatiom are hereby arnemiNt 1,,1
<br />The foveiiantv teteiri Pontainwd shail bind, and the benefits And ittxaO :ntire ! the
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