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86-t 144 ,844
<br />6. If he /she fads to pay any sum or keep any covenant provided for in this mortgage, the Mortgagee, at
<br />its option, inaw pay or perform the same, and all expenditures so made shall be added to the principal sum
<br />owing oil 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 />1. described above. Said supplemental note or notes shall bear interest at the rate provided for in the prin-
<br />Opal indebtedness and shall be payable in approximately equal monthly payments for such period as may
<br />be agreed upon by the Mortgagee and Mortgagor. Nailing 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 ultimatematurity 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 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, ail 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 till necessary commissions and
<br />expenses incurred in renting and managing the. same and of soliecting rentals therefrom; the balance
<br />remaining; if anti-, to txl iippliecl 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 premiams therefor. Upon default thereof, Mortgagee may pay the same.
<br />Ali 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 attached 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 toss 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 indebtedrA&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 of the Mortgagor in and to any insurance policies then in force shall pass to the
<br />purchaser or grantee.
<br />I+J. A tn.hhtronnitrtrrl +_i +lleteral waurrty,z =rthzpa =r tentofthirnutede _trilx-din;A all sumstobecome'
<br />due under this mortgage; the Mortgagor hereby assigns to the Mortgagee all lease bonuses, profits, reve-
<br />nues, royalties, rights; laid tither ben,efit„s accruing to the Mortgagor under any and all oil and gas leases
<br />now, or during tine life of this mortgage, executed can said premises, ww ith the right to receive and receipt_
<br />for the sarne and attph thern to said indebtedness a:s well before as after default in the. conditions of this
<br />nror•tgage, at d the Nlw tgagt•r.• relay demand, sue for and r(vttvi!r any such payments when due and pay -
<br />abiv, but shall not lW , +serif c�ci so to do. This a 4signmernt is to terminate and become null and void upon
<br />release of this rnor tgagc.
<br />1 1. He; °she shall not commit or permit waste, and shall maintain the property in as good condition as at
<br />present, rt111 re>nable ,sear aml tear exeepted_ Upon any failure to so mazTitain, Mortgagee. at its option,
<br />may cause re i,esrrasre� maintenance work to k;e l,er�',. >rn'tee# :it the cost crt D3�rrtgagcrr. An y amounts paid
<br />ttrerefor by Murtgagv e shali lwar interest at the provided for in the principal ;ndebtednesv, shall
<br />tiwc'rellp en bt -come a hart of the irtdebt= inmss s- -cued by this instrument. ratably ante fin a parity with all
<br />other incleLtr_ente #cured hereby, and shall be payablkA thirty (:30) *_lays after demand_
<br />1'2. if the hremucs, or any part therot,f, lie condemned under the poNver if amine =nt domain, or
<br />acquired for it publi use. tint' damages awarded. the pry ve is feu• thw tailing cif, or the con` i ivrat on for
<br />such acgnieitioli, to tilt' c_vt,.rit of the full arliount of the remaining unpaid intl,d,t� _h r�ti " eerulvil by this
<br />rift , re, err he�re'o} "rssignrd to tine Mortgagee =, and'srail the #raid forthwwtth it) _laid ortgagee, to be
<br />applw'd on account Of thv last, rnaturing i sudlnr?ints of such indebte driess.
<br />13. if ter Mot tpLgor fails to makv anv pavoic'rits :when due, or to vf,rlf:,un t..= gird :oMply h ith any
<br />of the tvaonditions c;r agfv,=mrrnts eontailsed ire tlnis_nlortgagv, or the r:ertrA chrrrh it secures, thin the
<br />mitre prinxittal sour and ac.cro «d iTaercit :Nhall_at once beconit, due. wid_ pas_ +lilt, at the cloctienr ilf thie
<br />mortgage-"; and tt,i_x ,n; o! -ga e oily ihearcllpnn lyn fi'ererlvstiA imnacd;tatelly f„r' the x%h,der of the indebted-
<br />" -iesx hert•let rrur, -d, mu ltrelinj, tilt! cmqt lA " a,xte�nciing the abstrae:t Of t.etie fr +,let OW elate of this rnt.rrt-
<br />gawt e to the t cur.° W, asue•h salt, a re ;asmiablt. awe }or ra+t;,. 's t. =e, 10"I nri „tams paid t,y OW Yeller °.wets
<br />Administiauon yen at,r :n,nt of ill,- gttararitt e,r ineai flit uc „I Ow =mdekt, do .. - .,•e;tr, d het, lid all e,f wwhiwh
<br />shall 6, inelallvtl in thy, devrt,,, of forvvhtsur,a,
<br />1 -1 if the inxlelttr=hrrs - secuteel he leby b" grrarau,aecl ,et in�eai ail ttttde -r Titl,• 38. 1,110'A .tau C-li"
<br />and flog'tl ati nis r sood there ond"r :clot rn ,•Fly. r ,.tt 11u. gm ern Ow nyf,t." dyelu•
<br />ttri 1,30W4 11,4414" and artl) "t t •�tle, r rrr_;lreirne�iet,z, ,ti.r�t,�,S in r+ iiw•t t=."ne
<br />itte .,.;el ;nJt..,rda= ..+OT car.• use r_iatekrst .flit rarel hkl�t e +r Ite>Yr.aet,ns. are horel,t 'otretid'-d t.,
<br />e.•tBlm�rt: tEeeea�ts_
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