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Tonam <br />0. If he she fails, to pay liny sum or k", 1) any eovenant, provided for in this mortgage, the Mortgagee, at <br />its option, may v pay I)r perform tit,, wine, and lilt expenditures so made shall be added to the principal isum, <br />kl�t, ing oil 11-at abo%,- ilote, shall be sevured hereby, and Asti bear interest until paid at the rate provided <br />for, in the principal inklebtedlWS'S. <br />7. Upon routiest I)" the mortgageo, Mortgagor shall execute and deliver a supplemental note or notes <br />for the sun, or SUIlls, advanced by Mortgagee for the alteration, modernization, or improvement made at <br />the mortgagor's rolutist ; or for mairitenarict, of said premises, or for, taxes or assessments against the <br />sarne, and for any Ithor JAWI)OSO el'ieWhVIT authorized hereunder. Said note or notes shall be secured <br />hereby on a partly wit It amd as fully' as if the advance evidenced thereby were included in the note first <br />described ahoNt,. laid sullplollwiltal note. or notes shall boar interest at the rate provided for in the prin- <br />cipal lildebtednt's.-i awl Shall ho pay;:ble in approximately ,equal monthly payments for such period as may <br />be agreed upon by I It,, Mot tg;tgoc and Mortgagor. Failing to agree on the maturity, the whole of the sum <br />o)• SuIllS SO advanced shall ill, (Ille zill4i 1),ly,,ible thirty (30) days after- demand by the Mortgagee. III no <br />event shall tho matilri"Y extend beyond the ultimate maturity of the note first described above. <br />8. lie lishe hereby assigns, txansf(, rs and sets over to the Mortgagee, to be applied toward the payment of <br />the notf, and all suill" 'ircil I till hereby in (ittse of a default. in the performance of any of the terms and condi- <br />tions of this mortgage or the said little, all the rents, revenues and income to be derived from the mort- <br />gaged lwonlises durill", such timer as the mortgage indebtedness shall remain unpaid; and the Mortgagee <br />shall have to ilppoAlt allY agent or agents it may desire for the purpose of renting the same and col - <br />lecting the rents. l,.1\'1l;UCS :illo ItIC01110, and it may pay out of said incomes all necessary commissions and <br />and managing the same and of collecting rentals therefrom; the balance <br />nilliairling, if lin.", to he ILOW,11A the diSC11,11'ge of said mortgage indebtedness. <br />9. lie/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 (a) 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 m 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 made promptly by Mortgagor, and each insurance company <br />concerned is hereby authorized arid 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 awry insurance policies then in force shall pass to the <br />purchaser or grantee. <br />10. As additional and it tl iatcral'st-vu rltY for the payment of the note described, and all sums to become <br />dUl' 1.171110T HIIS lu0l't9lt90, tit,, 31ortgagol. fll,ireby assigns to the :Mortgagee all lease bonuses, profits, reve- <br />nues, r()yaities. rights, ;111(1 benefits acertling to the Mortgagor under any and all oil and gas ]cases <br />now, or during till, life of this mortgage, on said premises, with the right to receive and receipt <br />for the ,;am(, and apilk tlicill to said illdcbllidlios.e as vo-ll itt,foro as after default in the conditions of this <br />ni,,rtgage. :and th,1, nlay drmaml, si;,1, for and recover any such payments When due and pay- <br />at)!.(" ))lit ;Ilall not be lk"itlil I,d so 10 do. This lissigunictit is to terminate and become null aria void upon <br />release of this mortgage. <br />1,1. lie/she shall not commit or permit waste wild shall maintain the property in as good condition as at <br />d :ill pon any f. a I ilure to so maintain. Mortgagee, at its option, <br />11l;ty Callsi. malrl,­IAnck. %vorli to be 1wi-fia-metl at the cost of Mortgagor, Any amounts paid <br />therefor 1) TvIortgni;ke" slsail iwar olbert,st_ at thv rater provided for in the principal indebtedness, shall <br />thi•l-ellitoll h'i(oll"'. ;t part of Ill!' hid.tht"dilk's" st'(1,111-I'd by this instrument, I-;lt;11_1lY Mill on a parity with all <br />oth'•1. M(lebtedn'.'s Jillt Ill 41t ' v, ;(lilt shall b" payable thirty (:10) days after . demand. <br />12, If the ;inc Pill't Hiul-i'Of, hO i4l"ll('11111"I mider the power of eminent domain, or <br />ac-iiiii-cil for ;l I'llillit 1h.. daillag'-s tt"Nar(led. ill,,, ltrocetids for the t:tliiiig of, oi- the consideration for <br />the fulf amplint of the remaining unpaid indebtedness secured by this <br />to Ole ;iriki ,hall he paid forthwith to said Mortgagee, to be <br />oll •Ii,,,_Jplt il lilt, :JJjJt1JI:ig IJL.,':.;Hllwllts of stwil indrijit"driess. <br />1:7. If till, to 1Y!;tJ.f1 Mfl% loPtItS (Ili(', or to conform to and comply with ally <br />of Ille (�.11zain­ll in Hik lok)l'tg;tgP. IW the 110tt"; %0liCh it SITM-I'S, tht-ill the <br />111ill 'wil ;Ill(i tc: rllt-d intt ,rr,st shall ;it once heA-mllf. (]tit- lltkIl at the election of the <br />and Way 1hort-1pil) iw forcclo�,-d irmllvdiatt'13 for the whole of the ilidebted- <br />(6 ,,xtell'jillg Ille ;ibstr-alt of 'ItIlt floill flue d;itt, of this Inert- <br />t,wlw% 's fee, itlitl ;ill,, ;llrllis J)"O(I by the Veterans <br />.,ml! if t;­ PlItir;I111"y or it'surall— i'l, lilt of%trich <br />H hcr,,hv hr milder :Is, l*ttilvil Stall's <br />it 1 3 !T,d lit ollt, I '-It th" r"''f illall i,­o%vrll the I'lit'h1s, dutiv, <br />41,t I 111111'tlllwlltti in volill"O.,ill <br />1,01r „r ttekn,tat i,ui till' herein' orelittli"d lit <br />)"6, hr�TA, zold mid ;ill% itrifiltl"'i "11140 !f1mo 7­ 1l,,. <br />