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$�- 105329 <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 <br />- _ ;tae t -� <br />such Titl,- and Regulations ia5rvA lhercunde,r and ru on,­ h, Iet,= lwr, f stail I, ces-,, tl;x Fglit . <br />e.urt�e <br />and liabilitaevc of tile an i tr; ; ;.c i�; ar,w ;,. ; ,ti.., , =n <br />., <br />aitlr sait�l indeketi irtr -sn wlEaa .cre� ins n3esirn¢ eaath ra,ad I': +_3c= t,r I :csttslaxrs+.as are IEeresa Wsr-,!Qed <br />,rsrnfroi-n thereto, <br />Tltr= c ;t- rn,ihta. h -rYizi s•irhtuie,rrl all e >ijs ,_rirt tr, x -rxaW< .nr;l �,,, ,, :� z,. <br />