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E 65- 003V 9
<br />6. 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 1
<br />for the sum or sums advanced by Mortgagee for the alteration, modernization, or improvement made at I
<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. Failing to agree on the maturity, the whole of the sum
<br />or sums so advanced shall be 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 /she 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 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 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 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 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 (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 in 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 ,avOnt of loss Mortgagor will give immediate notice by mail to the
<br />Mortgagee, who may make proof of lass 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 applied by the Mortgagee at itr, 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 m and to any insurance policies then in force shall pass to the
<br />purchaser or grantee.
<br />10. As additional and collateral recut it.y fur the paynwnt of the not,• ate ?: rt „,i, :tn,i ail sums to bevorne
<br />due under this mortsmV. OW Mortgagor hereby assigns to the :Mortgage- all lease• honuses, profits, revo -
<br />nues, royalties, rights, and nthtr hinefit, accruing to the Mortgagor under any and all oil and gas leases
<br />novv, or during the life of this mortgage, exe, uteri on said premises. %%Ith the right to receive and receipt
<br />for tlae same and apple them to saitt Indebtedness as NN ell hefory as after ;Irfault in the conditions of this
<br />mortgage, and ill(' Mortg1gw• may demand, sue for and rv,rover ally sell pa}rlaents vh.-n ,rue and pay -
<br />ahG', but shall not ik' ,,, }tlilvd so to do. This assignment is to tern -late :atld bt cons' r U'i and veld upon
<br />release of this mortgage.
<br />11. fle(she shall not commit or permit w•aste;and shall maintain the property in as good condition as at
<br />pre ent, reasonable ecear ar.,i tear excepted. Upitn any failure to so maintain, Mortgagee, at its option,
<br />mar cause reasonabie ill `11t, nance work to be pet-formed at the cost of Mortgagor. Any :unounts, paid
<br />therefor by Murtgaf;tc sivali hear intctest at the rate prorid,d tur in the lull list .ndelltoetnoss, shall
<br />there >ulwan h, come a part of the indebtedness st.cured by this instrument, ratnhl . and on a panty With all
<br />other indebtedness srcnretl hereby, and shall Ni payable thirty (3o) days after demand.
<br />1'Ll. If the prcrrn44,,;, OF any part thereof, t», condemned under the of erninent d,tnlain, or
<br />a(quired for a public n o. the ,tanaagcs awarded, the proceeds fur the taking of, Ill' the cotrcidtaation for
<br />such acquisition, to the ,•xt, nt of the full amount of the rernairiang unpaid in,.i,ht.,,lno,s •ecurvil by tills
<br />mortgage, or hereby a. .sstgli,l to the Mortgage,, rand shall he+ paid forthwith to salt! M rt.gagrr. 40 }x•
<br />apphc°,I nn account of 0o' last maturing ilist:allrnents of such indebtedness.
<br />la. If the Mot!VVAg „r falls to make aliv }?ayrnrnts will-11 due, ol• to c,mi—in to and conlpiv vlith any
<br />of the roneiltiotlte or agurnlattat sontaiued an this mortgage, „r th,• 11o4,,, �%1u(It it si-cur, s. then the
<br />entire prim ipal ,uua and <acrrucd interest shall at once IWcome. due and pay;Ihi,, it the clection of the
<br />M14rtgagt - 111134 tf” !3"" etgaati may thereupon he foreclosed immediately for t 1 u1141" of the indebtr+t-
<br />n.'ss here•hy Kecul,,i. - whIdEliv file roil of extending the abstrwt of title fr na tit, date of Illi.s Illout-
<br />Xagr to the tam, ,tf t.,nonoriving such Ault, a r•easonabic by t.hr t'etrrans
<br />Admintstt•atioll „d it' uaal,t „f tfie glaara tll,y I?- InFUr'iatlt'r of 1114' IlIdI4 t,'�Ilu'F� -�'r 11 t, ,1 1:, °I all of l% 111,
<br />shall tee included in the dccrre of for,a•losure.
<br />14. If the itid"T.rtcslnt s Aee'atr'e,l hereby h, guarantroil -n, m-11, d ,lr,i"r 'I'll 1., :Ili, T'llitcd staatrs t'r,3e,
<br />mlrh 1 air and 14isfulatiotl,% t'aAlw i thereunder sand ill ,•If , , n kit, li I t 1 g.•% a n t h', dIO I,,,
<br />cud liilihal,ti. se of the partws Rlr vtr(, allel qtly prov l.autrtw of 11:1. I ,t l,cr n. 1 ur 1 t: e+, ,Allred Ile , t-,rl
<br />path tsar9 inde}atrtlfles whirl are. in,'onsletrnt ecath will 'llt!e ,•t E a V s are herrh+' anrnd,tii h;
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<br />e.,nfortrt therette. �t
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