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86- 104692
<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, n-my pay or perform the same, and all expenditures so made shall he added to the principal sum
<br />otring on the above now. 'Ilail --w Pa. rate rovi M
<br />� sE�cui,�J lherc-IK;�, and shall bear -interest until id at the t P d
<br />for in the principal indebteAness.
<br />U eon request of the Mortgagee, Mortgagor shall execute and deliver a supplemental note or notes
<br />for the sum or sums advancM by Mortgagee for uie alteration, modernization, or Improvement made at
<br />A o assessments ts against the
<br />the Mortgagor*s request, or for maintenance 1-4 said premises, or for taxes r es, men
<br />same, and for any other purpose elsewhere authorized hereunder. Said note or notes shall be secured
<br />bereby, 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 --hall be payable in approximatkIly equal monthly payments for such period as may
<br />be agreed upon by the Mortgagee and Mortgagor. Failing to Wee on the maturity, the whole of the rum
<br />*r sums so aivauced shall be due and payable thirty (30) days after demand by the Mortgagee. In no
<br />event shall the maturity t xtend beyond the ultimate maturit,.
<br />� _ of the note first described above.
<br />S. Heishe hereby assigns. transfers and sets over to aw Mortgagee. to be applied toward the payment of
<br />the now and all sums secured hereby in ease 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 app=,,-Mt an'. agent or agents it may desire for the purpose of renting the same and epl-
<br />Ic�Ctiug tb,- rents, revenues and ncome- and it may pay out of said incomes all necessary commissions and
<br />the balance
<br />,expenses incurred in rennng and managing the same and of colleting rentals therefrom; th
<br />rLtnalnuig. if any, to j)r_ zipplied toward the discharge of said mortgage indebtedness.
<br />9. Helshe. 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 bereof,
<br />will paw promptly when due any premiums therefor_ Upon default thereof, Mortgagee may pay the same.
<br />All insurance shall be earned in companies approved tr* the Mortgagee and the policies and renewals
<br />thereof shall be held bw tbe_Mor.tgW* and have attached thereto loss payable clauses in favor of and in
<br />form =X10ptRU16 to the � Mortgagee. In event of loss Mortgagor will give immediate notice by mail to the
<br />Mortgagee, who may make proof of loss it 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 resioration 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 />not, title and interest, of the Mortgagor in and to any insunince policies then in farm shall pass to the
<br />purchaser at grantee.
<br />It). As additional awi ol.,Iateralsecurity fair the payment of the notedtscribed. and all sums tobecome
<br />due under this mttrtg tgc% thc, Njoripgoi hereby assigns tic the Mortgaget all lease bonuses, profits, 'retie-
<br />: nue-% royalties, rights, end other benefits acLeruuig if., the Alortgagur under any and all oil and gas leases
<br />now, OrAuring Inc iii ; •:: €+i lhts mortgage, i xeeuwtl on said pi-emises, with the tight to receive And receipt
<br />JaW thc sanie and appty thorn to s-ajd ijjdebts�inei � as we-i! before as after default in the conditions of this
<br />rn,qlgage, and the sutra, sue for avian r(-vover any suds pa-vintats when due and pay-
<br />abit"'Wit ha), not be j,-4ui.edsit, J0- Thi avtLiitnm -nt is to terminate and bevornenull and void upon
<br />rvlvsL*2 of this inf)rTgage-
<br />11. Heshe shall not commit or permit waste-, and shall maintain the property in as good condition as at
<br />Upon any failure to so maintain, Mortgagee, at its option,
<br />Any amounts paid
<br />tn-ref':Ir 1w) Mvitgagee ao s"ar �i'"vst at tht- rate pn&,Vided for in 1h, prtncipai indebtedtit-ss, shall
<br />thereuyKin beoome a part ofth-i, inc tbtedne >c ecura s# by this instrument, ratably and on a paritywilLb. all
<br />j*ther indebtedne,,Q, izecurd hereby, and Ahall be pa:'abje thirty 43f#) days after demand.
<br />1-1 If the pre-PiFes. or any part tbvnx�f, be condemned under the power of eminent domain, or
<br />A,:qairx,d ftir a pull he ws,,. 11'w �iajnagCs awar,wd, th+t for the taking fyf,,)r thy- consideration for
<br />such 14, the 'v e.3*' 4 the fall art -fount of Vie it-mam,,ng unpaid by this
<br />mortgate' or N-iOb asisjgnw'i to th-A Mortgagke, and shall Ew paid forthu ith io F-aiel Mortgagef. to be
<br />applied on 11-, 4t't -na*Unng �'n_�utflmwnts of, Stith indt-btv4inf-ss.
<br />1-3. If Oil, Altj:agl faits *ky' rnake an-V paym -n I s when due, or to c,-nf-03 in tea and rvinply Ally
<br />m this in,ortgage, or the , wh A jjj_
<br />due wad jja�aljlc� at Oit- eli�ct�on ,f tht,
<br />pkii ",JT- 'I j)eLrjjj-,j
<br />o, S
<br />I �J,a' -
<br />M-1-Wag,v- And .'r'wigagt, mAy thvivupon be immobatON for 0- wh"!O' 4 the jndvbVNl-
<br />n,'ss lwrfj'.'V ; Iuai zg 0-1�- �O of t'OcYl+ii-lnx the abstract of T'fl' fr"m 11J., 'lat., of th-'s tiro rt-
<br />tAle !4m, t nk ''Ud, suiL it at!"l nrt'S fi" 'iw! iiw ,'wn' paid 1JN lit'! Veterans
<br />kim.invktrali�,N !,n 'W
<br />T t » tTWMWA, Or ITIRNrani.4 c,t 11w 4n'i( "i all of wfnff;
<br />shall be moutkNi in 014F of fc>lv_ lo;;urc'
<br />tnst�d isndvi Tiife Is, 1'rot*A Z-;tale,s
<br />14 If the hereby l> guru -Ant-A or
<br />4'KK`fA1'7-'M4 I'W9V lilt 441S i p k" " h#+ v, id r a T"'i ifif-ff 6",
<br />4tiA 1JAhl1;1-1o. '.f Val, I'm— t,
<br />7n "no"I twn
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