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<br />86, 107,323
<br />fi. 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 1wrf4irm the same, and all expenditures so made shall be added to the principal sum
<br />o«-ing on the abort, 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 sutra ot• Sums ads arced by Mortgagee for the alteration, modernization, or improvement made at
<br />the Mortgagor's rt•quest; 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 tcith and as fully as if the advance evidenced thereby were included in the note first
<br />described above. Said stippi «•mental note or notes shall bear interest at the rate provided for in the prin-
<br />cipal indebtedness and shall he payable in approximately equal monthly payments for such period as may
<br />he agreed upon by th,• Mortgagee and Mortgagor. Failing to agree on the maturity, the whole of the sum
<br />OF sums so adVanced ;hall In -• due and payable thirty, (30) days after demand by the Mortgagee. In no
<br />exert shall the inat«n u: i•0,-nd beyond the ultimate maturity of the note first described above.
<br />8. He/she hereby assigns, transfers and sets over to the Mortgagee, to be applied toward the payment of
<br />the note ard all ,urns S1 CL;1 ,i hereby ill case of a default in the performance of any of the terms and condi-
<br />tians of this me,rtgag., m. th«• saed not,-, all the rents, revenues and income to be derived from the mort-
<br />gaged iwenti.,es during ,u, !! tmw as the mortgage indebtedness shall remain unpaid; and the Mortgagee
<br />sha!I p,,,.,.,r ac> ag %,rat or agents it may desire for the purpose of renting the same and col-
<br />lecting Idw errs • r, \, rat;, s :,.;1d :ti « „nn, and it may pay out of said incornes all necessary commissions and
<br />exp,atsi•s iucur•Y'-d iu :<•:,t. ±„ and managing the same and of collecting rentals therefrom; the balance
<br />rerttainutg, if and. t„ h. .tpI j-,3 t-rnard th,, 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 u; time require. or, the improvements now or hereafter on said premises and
<br />except when payment for ail 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 msurance shall he i-arned in companies approved by the Mortgagee and the policies and renewals
<br />thereof shall be held by ate 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 matt• matte 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 appiied by the Mortgagee at its option either to the reduction of the indebtedness hereby secured
<br />or to the rests: >rauon 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 pass to the
<br />purchaser or grarttee-
<br />I t). AI a d,iit sCCIII ity .IT,, payment of the note described, and all sums to become
<br />)ivi-tgag"r itt-r-eily assigTls to the Alortgagrt' all lease bonuses, profits, reve-
<br />r,ucs, rs >i 3it;t,. I4:hi >. -:. . h -1- t,cr:, fits acrrutrig to tilt- Mortgagor under- any and all oil and gas leases
<br />�,r dtsr:ng ti;o . -. tu> III, �rigag,-, ,\-. lit, -ti on said premises, ttrth the right to receive and receipt
<br />f„r the .. <ai : :t 'C "i ; rn t ,:ltd j S, as tt.,ll bcfon' as aft«•r d,-fault in the conditions of this
<br />m, tg;; n„ )`: m :,y msn.l. ; :,- f ,r ai;d r«cm •r an} such payments When due and pay -
<br />aht . I,.1t • :,., ?i Thi, ss,ignm, rat is t„ t, rminate and become null and void upon
<br />l I. Ile, she Stiall not commit or permit waste, and shrill maintain the property in as good condition as at
<br />pn"rtt, r , .;, !, • t :tr :;r•i t .,. .•xrcpte!. Upon ant' failure to so maintain, Mortgagee, at its option,
<br />:«c :. ,rk to i,e performed at the cost of Mortgagor. Any amounts paid
<br />..,r tile. :ipta, ,• ,.;ai. utcrest at the rate pro%iiled for in the principal indebtedness, shall
<br />th, t ••nl;n; I„ .r,t, :, .sit , :
<br />Ow 1�tednt-SS .,cnrrd by this instrument, ratably and on a parity with all
<br />atth, r :nirht. -qtr,. , t n -ht-, and shat! b,- payable thit ty (30) days after demand.
<br />1:L I' lit,, pt- rn r aril hart thcrrtif. be condernned under the PM%cr• of eminent dor.ain, or
<br />,iamages atyar,Ied. the lrocee 1 f„r the taking of, or the consideration for,
<br />se. t; :tr,lui IT 1. t. %I 1w r,l! amtnrnt of the ronia1nntg unpaid lndchtrdness secured by this
<br />m„rtgstg•, );••ri :, :t » :�r.•i . , the M,rrttagte, and ,)tall be panel fon'th%, rth To said Mortgagee, to be
<br />appii, „rt :i, , —!!:1 ;ng r;,ta)hn.•ntS t f Snell indebtednt•s,.
<br />If �1 :., :� - !;, •. rat,,, :, an, ,. ttn rats o lien dt!, , „r I., , m l" and rotnplr ,a ;th any
<br />of th.- IT:t' ifs c„ntau;cd ni this m„rtgage. or th« riotrs o. h;clt it secures, then the
<br />;pai ,;m; :u,. rut -«I ir.ten,t shall at octet, becenie due ani! ItayabIo. at flu, election of the
<br />�l•rtca}to” . asrl +i:.� tg :,g,• ma'. thee, upon: he foreclosed immediat.�ly f"r tilt- tthoh- „f the indebted-
<br />„ v1 tiding the ;abstract. •f title the date of this Inort-
<br />i";Lg" to +rat 'urh >u :t. .t err• �na1,l+ atterncy', . ;tn,i ai .isms gelid by the Voterarts
<br />A;r.i :.s:;tt; a,. t %•, ij u;u an 1 :11,1! 1 af1 c,• ..f th, n, ? !.t. h, t ur<•d h, r. be. all of eyhirh
<br />).aC t.. :n i ;•i .:r t! i, ciur, .
<br />I 1 If tilt• ir;,L t.:, r,ir,• o•r,n r :3 h,•i h� ht s ua rant• -r,l ni,n„! un,!ci '('illy :; t, l nitc;i ~fates
<br />•.0 r: 3 .ib .�..�f !: ul:rt. ,r.... •;i IT"I r anal 1 i
<br />lt ern t}t i ighL,, lute<
<br />l i:a n(:t:. t �r an,i an; i� t .in•: - '' iL :n, • -t" v•r,rt. d it um - 1, .71
<br />a
<br />it „r r iii •n t, it ! :el, sin', ,ti, ar't, heyE•hv ;inrt,rtd"d ,
<br />mid 0 .- .. .u.., ."!•. •hutll ir..
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