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<br />fa. if he /she fails 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 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. Faiiing to agree on the maturity, t -e whole of the sum
<br />or sums so advanced shall Iae 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 />8_ He /site 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 corld -
<br />tions of this mortgage oi- the said note, all the rents, revenues and income to be derived from the mort-
<br />gaged premises during such time as the mot tgage 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 par out of said incomes all necessary commissions and
<br />extienses incurred in renting and managing the same and of collecting rentals therefrom; the balance
<br />remaining, if any, to lac 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 (n) 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 renesysis
<br />thereof shall be held by the Mortgagee and have attached thereto loss payable clauses in favor of and is
<br />form acceptable to the Mortgagee. In event of loss Mortgagor will give immediate note. by mail to the
<br />Mortgagee, who may make proof of Ices ifirotmadepromptly 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 />right title and interest of the Mortgagor in and to any insurance policies tben in force slsail pass tat she
<br />purchaser or grantee.
<br />10. As additional and collabaral security for the payment of the note descriiacct and all sums to become
<br />due under this mortgage, the Mortgagor hereby assigns to the Mortgagee all lease bonuses. profits, reve-
<br />nues, royalties, rights, avid other benefits accruing to the Mortgagor tinder any and all tail and gas leases
<br />now, or during the life of this mortgage, executed on said premises, with the right to receive and receipt
<br />for the same and apply them to said indebtedness as sell before as after default in the conditions of this
<br />mortgage, and the Mortgagee may de -mand, sue for and recover arty such payments when due and pay-
<br />able, but shall not be required so to do. This assignment is to terminate and become null and void 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 and *_soar excepted. Upon any failure to so maintain, Mortgagee at its option-
<br />n-
<br />.
<br />ay cause rrassonallik, maintenance work to be performed at the cost of Mortgagor. Any amounts paid
<br />therefor b Mut— Lg-agee shalt bear interest at the rate provided for in tine principal indebtedness, shall
<br />thereupon become a hart of the indebtedness secured by This instrument, ratai,ale- and on a parity wal; all
<br />other indebtedness secured hereby,, and shall be payable thirty (30) days after demand.
<br />12. If the premises, or any part thereof, be condemned under the porter rf e=minent do-, ain, or
<br />acquired for a puhhc use, the damages awarded, the prose. -as for the taking of, c r hr cruse. +.,, ratior for
<br />such acquisition, to the,'extcnt of the full amount of the remaming unpaid .r ;dY;Vt rn.as p. -hi_
<br />mortgage, or hereby assigned to the Mortgal ee. and shall be paid fortf- =.th to -- :d 14ortgag --. to bey
<br />applied on account of fli,,- last maturing irstaflmF*_:ts of such indebtednes=
<br />13. If tide. Mortgagor fails to make any payments .then due or to o i m t(, and comply wiYr, any
<br />of the condit,rus or agie_rnents tontaine,d in this mortgage:, of :i.e -A-'s a tieh it secures. then the
<br />entire princ pal s,um and accrued interest sheil at once �n +_ana vide ano.- it yab. at the cicscti.?n xs: .ire
<br />'Mortgagef; and this nit,rtgage may thereupon Im fortTlraeed inimobatei4- for the O -1 � of the indebted -
<br />aioss hereby socur"it ;'acluehng the cost of'X i.ailing the abstract of title foul the date of This mewt-
<br />gage to the time of conrnaencing such suit, a reasonable att- nrnev's fey -, ai,tI aa, s rat. paid by disc 'e€er -ns
<br />Administration rule. e (,' uilt of tilt. guaranty or insuranc. c;f the :z <itbt< It >_ z ,,a_u,; u hey-J) v , all € =f w =, rla
<br />shall be included in the decree saf foreclosure.
<br />14. If the indebtedness secured hereby be, guaianat °e .l „i Eiaue i� :i ender True= afi, d'r :itr•a
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<br />such Titl,- and Regulations ia5rvA lhercunde,r and ru on, h, Iet,= lwr, f stail I, ces-,, tl;x Fglit .
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<br />and liabilitaevc of tile an i tr; ; ;.c i�; ar,w ;,. ; ,ti.., , =n
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<br />,rsrnfroi-n thereto,
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