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<br />85- 0035x?
<br />S. If heAihe fm& to pay any sum or keep any covenant provided for in this mortgage, the Mortgrgee, at
<br />its Option, may pay or perform the . and all expenditures so made shall be added to the principal seam
<br />an the , shall be cured hereby, and shall bear interest until paid at the rate provided
<br />for in the Principal
<br />7- Upon request of the Mortgagee, Mortgagor shall execute and deliver a supplemental note or notes
<br />for the av advanced by Mortgagee for the alteration, modernization, or improvement made at
<br />the '_s request -, or for maintenance of said premises, or for taxes or assessments against the
<br />fW any other purpose elsewhere autlhoru ed thereunder. Said note or notes shall be secured
<br />heretT on a tacky- with and as fully as if the advance evidenced thereby, were included in the note first
<br />suplikinent&I note cur notes shall bear interest at the rate provided for in the prin-
<br />CiW indebtedness and be payable in approximately equal monthly payments for such period as may
<br />d try the Mortgagee and Mortgagor. Failing to agree on the maturity, the whole of the sum
<br />or sums so ado l be due and payable thirty (30) days after demand by the Mortgagee. In no
<br />event shii.11 the maturity extend beyond the ultimate maturity of the note first described above.
<br />& HeAhe transfers and secs over to the Mortgagee, to be died 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 rnpaid ; 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 />ting 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 be applied tou and the discharge of said mortgage indebtedness.
<br />9. He/dae will oontinuously maintain hazard insurance, of such type or types and amounts as
<br />Mortgagee may from time to time require, on the improvements no% or hereafter on sad premmes and
<br />exert when payment for all such prep ums has theretofore been made under (a) of paragmph 2 hereof,
<br />will Pay Promptly when due ;7' default thereof, M may pay the same.
<br />All ussurance wall be carried = c " `�.... by the Ago and the policies and renewals
<br />thereof shall be held by the Martgave oad have attached thereto loss payable clauses in favor of and in
<br />form acceptable to the Mortpigee. In event of loss Mortgagor will give immediate notice by maid to the
<br />M
<br />concerned ortgagee, who may make proof of loss if not made promptly by Mortgagor, and each insurance company
<br />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 />rtgtit titer and interest of rise Mortgagor in arid to stay policies then in force shall pass to the
<br />purchaw or grantee_
<br />10. As additional and , ullateral security for 'he payment of the not( 'r ci, :lac d, a. ^.v� xli sums tv become
<br />due under this mortgage', the Mortgagor hereby assigns to the Mortgagee all lease bonuses, profits.
<br />noes, royalties, rights, and other henetit.s accruing to the Mortgagor under any and all oil and gas leases
<br />now, or during the life of his mortgage, executed ort said premises. u ith the right to receive and receipt
<br />for the same and apply them to said indebtedness as Weil t,rforte as after default in the conditions of this
<br />mortgage. and the R9or19a9,Y matt° demand, sae for and recover any such myrnents . %-hen due and pay -
<br />ablc., but shalt not be rt-quircd so if, do. This assignment is to terminate and become null and void upon
<br />release of this mortgage.
<br />11. He,iste shall not commit or permit waste; and mall maintain the property in as good condition as at
<br />prersent, reasonablf• -' "ear said tear excepted. Upon any failure to so maintain, Mortgagee. at its option,
<br />may caul reasonal ;c• mainitnance:- cork to be performed at the cost oi' Mortgagor. .any' amounts paid
<br />therefor by- Murrtgag ee shall rx'ar interest at the rate provided for in the prmc� ;pal Indebtedness. shall
<br />thereupon ba•corne a part of the indebtedness secured by this instrument, ratalliy acid on a parity " ii all
<br />other indebtedness secured hereby, and shall be payable thirty (301 clays :after demand.
<br />12. If the premixes, or any part thereof. be condemned under the "pm,,q- of eminent domain,
<br />or
<br />acquired for a public use, thke damage's awarded, the proceeds for the taking ca or the consideration for
<br />such acquisint,n, to tiie (-xt,_nt tile full amount of the remaining unpaid and -l.)tedness secured by this
<br />nsc.rtgage, or assigned to the Mortgagee, and shall be paid f9r2hca•it11 to said Mortgagee, to be
<br />apl'rdned on '1!1 (1 the lw:l nlat.u? -ing Installments of such indebtt'dne -75x.
<br />13. If the MCIa t 3g <,�1 faijS 1,o n7ahe aril' reafnlents when due. or to -nr ")a'i tf talc: :umply IA -ith any
<br />4 the conditions or Sgre°(:rrf -nts c"farita'ned in this [mortgage,
<br />or tilt' 1,c,tf` v0,,t11 it secures. then the
<br />Pntirt printipaj sum and Saccruf'd anter"t sh&13 at once, becorr_" due and
<br />1�l;nl 1 tat t.l'[ �lE�.'t7on ,.3t ilie
<br />WTtgagk�e and hi w'rlgagc may thereutx`n he ft,reclosed immc^diately
<br />of the andebted-
<br />rw"" htrebA M tan,.c. 'a ludang th,r co=st of eyta n(ting the abstract of t tlt- +,<,. 1
<br />) e ciaoe of this mort-
<br />toi tun4 of t,ei ,^n(w €f ng rush suit, a re-aa<nable` is'torne} s ft.,-,
<br />as ,1 i �Un ;_1 1_'i .hey t fte rangy,
<br />Admirimtratio; or, ac, ,cant of tit• guaranty fir jnsuranc( of the .r,d.i,2�,1.,r.. . - .. ,9 h,i all cf xhicia
<br />-1
<br />shall be included in the ,ieezee of foreclosure,
<br />id. if the indkilAdnnm era- curral fns_r-eIay tK guarant , ,r lj lf Tilit tk 1 "nitaA ';'w€
<br />h Tim aroi Regulatirms, i m the { aS fi -?ter �.n4'1
<br />and light1#ties of the pars =#% leret0.;, and any p rE S>5 .oa , rye.. to i 3.- Y'tdtf j
<br />s tc?nT fh n
<br />Aii#3 said iridebLaaegs wlasarh arc irwt ^,,n istert aa-i41a wail Title ter hegMalat,,,n a , 4,e••rl1 aaail,_ad(�l iv
<br />='cfar thrreta.
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