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86-- 104908
<br />6, if he she fails to pay any stun or keep any covenant provided for in this mortgage, the Mortgagee, at
<br />its option, inay pay or perf(n-m the same, and all expenditures so made shall be added to the principal suite
<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 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 (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 />& 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, 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 appoint any agent or agents it may desire for the purpose of renting the same and col
<br />letting the rents, revenues and income, and it may 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 lie applied 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 fat of paragraph 2 hereof,
<br />Will PAY promptly when due any premiums therefor. Upon default thereof, Mortgagee may pay the same.
<br />- - All manance 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 loss if not trade promptly by Mortgagor; and each insurance company
<br />concerned is hereby authorized and directed to -make payment for such Ions 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 />:,r 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
<br />purchase. or grantee. pass to the
<br />10. As additional and collateral security for the payment of the note dt.%ci laid, a =nd all s i6ez n +.e
<br />due under this mortgage, the Mortgagor hereby assigns to the Mortgagee all lease b._+nism, profits, reve-
<br />nues, royalties, rights, and lather benefits accruing to the Mortgagor under any and all oil and gas leases
<br />now, or during the life of this mortgage, executed on said premises, with the right to receikve and receipt
<br />for !lie same and apply them to said indebtedness as well t)rrfore as after default in the conditions of this
<br />mortgage, and the Mortgagee may demand, sue for and recover any such payments when true and pay -
<br />able, but shall not be require i so ter &I . This assignment is to terminate and bemerne null and voiji upon
<br />- release of this mortgage.
<br />11. He /she shall not commit or permit waste; and shall maintain the property in as good condition as at
<br />present, reasonable wear ant] tear exc +opted. Upon any failure to so maintain, Mor tkagee, at i s uptioti,
<br />may cause n- asonable maintenance work to be performe=d at the cost of Mortgagor- Any amounts paid
<br />therefor by Mortgagee stall bear interest at the rate provided for in the pi" ncipal indebtedness, shall
<br />thereupon hwcome a part of the indebtedness .4tcured by this instrument, ratabi 3 and on a parity with ail
<br />other indebtedness secured hereby, and shall be payable thirty (30) days after demand.
<br />I2. If the premises, or any part thereof. be condemned under the po,,ver c =f eniin =_ant 'i6main or
<br />acquired for a public: use, the damages awarded, the proceeds for the taking tIf, =w the c4:msi ?eratior: for
<br />such acquisition, to the extant of the full amount of the remaining unpaid intdebtt dnt ,s secured by t a
<br />mortgage, or hereby igne +l to the 'ticrtgagee. and shall be paid fcrths tr t, s, d Mortgagtre, to b
<br />applic t On al°count %,f the last maturing installnlems t,f such indebtedness.
<br />r ,,
<br />lit. If tilt- Alcyr tgagt r falls to make aiii payments when due, or to conform to ai=ci comp.!V with any
<br />of the conditions or agreements: Contained in the mortgage. or the note. .,_t,ch it secure . their tit,_
<br />entire principal sum and accrued interest shall at once become due ail(-, lw, - -sic_, at 'he �.Iel,�tv3ir of the
<br />Mortgagee: and this it ortjrake may thereupon be fe re loo d i- iiot..;�- f. i ., _
<br />nt•ss hert•hy ;- eureit OttWding thi cost of i• te:ns]ing the abstract of title frcirn tits_ date of this mart-
<br />, gage to the time- (if rointne'ncing such suit. a reasonable attorneys fee, and any- .. <t111is paid by tbf. tt'rterarrs
<br />Administration on account of the guaranty tar insurance of the inde lrt•dness c,,rt =d ht, all o? s +hi ll
<br />shall be included in the decree of foreclosure.
<br />14. if the indebtedness secured hereby be guaranteed or insunA under 'fit),, ;h, t. nitc-d state; c,.
<br />]
<br />such Title and Regulations issued thereunder and in t iftct tI,,4 tit felt n f(tf shalt goo vrii th,, r g t
<br />and li;ihilities of the parties hereto, and any pre- ,vi:sions =f trig. qtr otlxr instruinalats executed in c-annfwet ,a
<br />with said indebtedness whirl) are inconsistt�nt with said Title 1w P,eguhine'ns are hereby- anlolc;'.�t. 'a
<br />Confnr -#ri theretfc.
<br />The t wenants herein contained shOl toted, and th +• 'i- "enefats and,
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