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85- 004030
<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
<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 Mortggg" and Mortgagor. Failing to agree on the maturity, the whole of the stun
<br />or sums so advanced shall W due and payable thirty (30 i 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 else 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, reventes 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. 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 fa) 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 w -aonspia es- approved by the Mortgagee and the policies and renewals
<br />thereof shall be held by the Mortgagee tints 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 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 then m force shall pass to the
<br />purchaser or grantee.
<br />W. A; addiuonnl :oit1 , r,tlattv'al xecurity for t lu pn;; rnont of th, r.ot: !t > ; !, ,..,d all :.urn;:; tr, hecur.;t
<br />due under this mortgag,% tit, Mortgag „r hereby assigns to the llortgnigc,• all ilia.,• ltontrses, profits, reve-
<br />nues, Loyalties, rights, am! then hew-fits accruing to the Mortgagor tinder ant• and all oil and gas leases
<br />now, or during the life „1 this mortgage•, executed un -:ud pr,•rrrrses, %rah till. right 11) r, wive and reretl,t
<br />for the same anal apply th,.m to �w.aud ;nd,•1',tednt,..s as % -il hcfon, a. al "el •lofault in the conditions of this
<br />mortgage, and the \L,rtgag.•,• may dt•ntavd, sue f „r atui reevtrer any- such pasit. rats %.h "n due and pay -
<br />ahi, , but s's%all nut h,• r,•,iu;;,-d so !,t do. This as,ignrnrnt to t,t tt•rtntnate and h,, c „rn, 111W and coin upon
<br />reit•aso of flits mortgage.
<br />11. He /she shall not commit or permit waste;mid shall maintain the property to as good vordition as at
<br />prrcer.t, r, a::onahb� ,tear soli 1,•ar excepted. ('purl soy fafiure to so nt:urJ;ol!. 11 .,rt} ag. , at its option,
<br />ntav cause roasonaloio nsont, nan e %vork to he performed at tit,, cost „f Mortgag,u•. - %ny amount_-, pawl
<br />therefor b} Mortgagee Shall lwar interest at Litt rate pro%tt!rd f„r in tl:e ;tt- ;nt:pai indebtedness, ,hall
<br />tltereutxnt becnnne a !tart lit' the indebtedness secured by this in trurnrnl, I,at.ahly and un a pat'ity tt;tlt all
<br />otIwr indebtedness sod! urt•d hereby, and shad he payable tItIrty (3i) ,ia s :,ft, r de•tnand.
<br />12. If the pr.•nt: es, (1r [illy part thereof, ho voridenttied under the p,,:, i -I- of emirs, ri{ d „main, or
<br />acquired for a pubin- use, the damages awar;!vd, Ow proceeds for tit,, tal.mp ,I, the fill-
<br />suvit acquisition, to the )f the full amount of the rematrting unpaid this
<br />imirigt,ge, ot• hereh> ass;g,ned to the !Vlnrtgagt -c•, and shall iw pa;d f „rth,%tth t,: >;ti,! 1fi,r!Iay,,, to h,-
<br />appbrJ on ;treount t,l the I . nutlurinp snstslltn nLs of such ir:debte,!rw, ,
<br />1:1. 11 It! 3ioi:y;ig,•r tauls to make unt I,:t;atn,•nts %%h'.11 liti-i, or tit , ,,,; r;n !,t ar;,l „r;ni,iy v,ah ant'
<br />of the ('trnt{Itl.,tt:, !rt :,grv,•7ncllt`i r„lltairwil Ira tilt. tn..rigagc, .I Ill, ru,1,, .,I•,,!; ,,. ter.;tIe5, then Ihr
<br />, rrtire
<br />Pr IM ipal stun .11A a, -eru "d Ititerest sh:.il ;it „nctr her.,me flue ;unl p ;,y;lL„ , ;,t ',ilc ,.1,, I;,,,; t,1' 11:,,
<br />tl,n'tfdaytee; alitl ti,;. may Owi,cupnu he ftirt,closed ttnmed:ately for th,' ,,k1wh, „t the indebted.
<br />!e" >.i herelr: s.',wr i, ' :w1; 1,hhg It,, .,st d ext'.11ding the abstrFUt of talc f; uu !i„ ,sat, ,J rltts r,:„rt..
<br />gage to the timr r,f ,:,nun, reutg Sill r11 suit, a rcasonaiblo ail,n'ue1''s f,, , ails any 1111;, par,i he tl,; 1 eterari.Y
<br />ldmtrt ill trati „n „n ;t,, ttwut. „I ti'.e y;uaIitIIty t,r i It'll r:u, it olds I ;t. �i ;. �. „ ,1 I ;• ; 4� aL f v
<br />shall by invinded ill the• de,rre,• of forerlotiur.-.
<br />1.1. ff the ituiebtodlicsr: scoff'"'! hevehy ho gunra! ;te,•,I ,n n�,nt,i nn,l, r 'I'.t1, ;!�, 11;;r,•d > ;t <�,,. I ,sail..
<br />Kuril Title a".1 tlirrourder and in .'s,, ' r, to t I , I < r ti :. r pll . i. .,
<br />I
<br />nd habz sties of th•i patt.ev tut •to. ;Ind tint• Ill I r%I NMil <,r' If.,. or th• r;,vt t . \. It 1. It n =,, , , I
<br />I! it tsttd indebtedteees u'hb: h arr• tnrollsill# nt t%ith stud •hi1It, :,I I., t,.ri;l r 11 :a :, !u r0 ,y a u t,d „i
<br />onform thereto. i
<br />The • :enant�, h• :.;H „htaneti ahrtll hind, and th.. h ilia, :t!,•I :l"., sty: ,hal!
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