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86, 0481B4
<br />6. If he /she fails to pay any sum Tr 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 L
<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 I 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 t30) 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 />& He/she hereby assigns, transfers and sets over to the MiDrtgagee, to be applied toward the payment of
<br />the note and all sums secured hereby in ca es 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-q. 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 inav 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 be applied to-ward 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 ea I 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 hie 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 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 extinguishment of the indebtedness secured hereby, all
<br />tight title and interest of the Mortgagor in and to any insurance policies then in force shall paw to the
<br />purchaser or gmnteL--
<br />1.0. As additional and collateral secu ri t v for the pay ment of the note descri lx�d, and a] I sums to become
<br />due under this mortgage, th, Dior tgagowhereby assigns to the Mortgagee all lease booluses, profits, reve-
<br />no", royalties, rights arid other bvnefits aecriii ng to the Mortgagor under any and all oil and gas leases
<br />now. or during toe lift, ;Af this mortgage- eXeluted on said Prenli-&Cs. with the right to receive and receipt
<br />for V'' saint and apple thorn To said in&l Itvdness as 14 ell befon- as after default in the i conditions of this
<br />mortgage, and the M(wtg,ig, MaV sue fjr aild r-liver aliv such payments when due and pay-
<br />We, but sliall not be rA-liair,:, i so iu This as_4i grim, ent is t: ; jeri h mate a
<br />relea:w of this morfgai�g, ind become null and vend upon
<br />11. He/she shall not commit L or permit *waste; and shall maintain the property in as good condition as at
<br />pr'-s,ent. reasunahle N, t,ar an.i tear exevpted. 1,.'Ixn any failure to Lko maintain. Mortgagee, at its option,
<br />may eausw rva„cenutOlv IMWIIA' DAIW-t- .c: ra W be p rftrrn4-d at the cost of -%Iortgag(ir. Any amounts paid
<br />slier[ or by Mortga bear intvre teat thw rare ldvid for in ,,her principal indebtedness. shall
<br />n)at-btednt;s Si�' ured by thi.- instrument, ratably and (,fit a parity with all
<br />twitter indebtedness �,curi-d livreby, and shall 6,- payikbje thirty (:W) days aftl.r demand.
<br />12- If the Iwem -I, 'v*' [tart the reDf, be ci? n, I nined u rdrr the 1, of eniiiii-ot domain, or
<br />acqujre'41 for a pliblic '14s�' 111e- damages atvarded. the firtweds fAir the talking fif, 'w th.-
<br />sil"il aCqTIIS1[i')fl' *he full amount tIf th.- remaining Unpaid if!
<br />. * - his
<br />nitirtgag'-. nr i-wrt.1)v a"sn W!wd u, the Mortgagee, and shall f),' ina ld fortfvaitj7 yid N
<br />be
<br />apph"i -Yil it-count mat ni s%il nwnts e,f such indel>t draws.
<br />13. If Ad.,; 10 Tnakt eras llaym, as wh•,n du,?. vonl , ij-, If, .it. (l comply vvith an ' v
<br />,if the Condit;otis i.- iyl tfj_s, it I 1k;r o .7
<br />tgage, r th'. 11"— It Secures, Then The
<br />viltive pruivipal simi and ' "It-i-A shall at MCe IW!-IPTI'W due i4fl.11 at flj C,f ih.
<br />and !ht" t-lotig-agil 1T"AV Lw the l -h-1, the indebt-ed-
<br />"q0 !!))Z lilt, abstraL I Of t Tt 011i tlj Atk- "f this nwrt-
<br />gage to the tinl'- "r, a jl"aUqjabj'. 't42
<br />administration r.it guarafft) w lI1SV'I_W)' , itf tilt, t'l I, hi. ail'.f ehrrh
<br />shall be, included in tilt, di,-crem iLif foreelosur'%
<br />It If the In'debtedn"s's secured hereh.v bw Kllaralit"i .'t o" under T.tle :;,, Unit .-d Stat, t ',
<br />,oit:h Title and Regulatiozis ts!;jj_j
<br />JI1'h-X_ANd M r!gh't-, villit-,
<br />an,i iiitl,oitif, ta tii. fi,-,t, and all " pr. T.ns tr,i. r ot"" I
<br />%IIII W wiuch are ,n -'ll"i"tvIlt A'1I h .�;Jf'j
<br />- t,flform theretr"
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