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85, 00461.1
<br />6. If hei,411be 15116 10 pay my Sum or keep any covenant provided for in this mortgage, the Mortgape, at
<br />its oPtim may pay - wrf the same, and all expenditures so made shall be added to the principal sum
<br />0"1119 on t be secured hereby, and shall bear interest until paid at the rate provided
<br />for in the princiipial m4eitsu-4afts.
<br />7. Up= yoquiria - the MorVasee. Mortgagor "I execute and deliver a supplemental note or notes
<br />for the am or swet� advanced by Mortgagee for the alteration, modernization, or improvement made at
<br />the Morteager's mquest. 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 Ant
<br />described above. Said supplemental note or notes shall bear interest at the rate provided for in the prin-
<br />cipall 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 />& Helshe hereby assigns, transfers and sets over to the Mortgagee, to be applied toward the paymmt of
<br />the note and all sums 4-,cured hereby in caw 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 "I 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 icol-
<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. *,o lie aplilied toward the discharge of said mortgage
<br />9. Heishe 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 VAM Payment for all such premiums has theretofore been made under %) of paragraph 2 hereof
<br />
<br />WX PIW"PINUMAly when dw pcemiu therefor. Upon default thereof, Mortgagee may pay the same.
<br />AD inoltran*.diall be x#111 Jn companies approved by the Mortgagee and the policies and renewab
<br />thereof siball be hW&,W4h* Mortgagee and have attached thereto loss in favor
<br />31
<br />payable clauses 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 Icias if not made promptly by Mortgagor, and each insurance company
<br />concerned a hereby authorised 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 Mor4pWe at its option either t4D 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 W the mortgaged property in extinguishincirst of the indebtedness secured hereby, all
<br />not, title and interest of the Mortgagor in and to any insurance policies then in force " pass to the
<br />purchaser or gmtee.
<br />111111111 -A
<br />Qe M'.—tof 11 it. rl"?L + ! all ,urns le, beconie
<br />due liderth is morigair, i s i , Mortgagor !,trPbY assigns to the Mtwrtgagf, I I I 'AS,- bonlus,_ -S, prof* s, reve.
<br />r -altlt-s. rights. and 40her I" flotits averlj.Tig to tilt- %I-r!gagor any an(l all oil and gas leases
<br />oN
<br />-viw, or during trio. :!ff of mortgage, -,xi vulk-49 on Aiiii! 1,?,
<br />U:th the right to 2-t-fAve and ret•ipt
<br />lis, salt as IN ell i-fC1, as aftl-r ;!,•fault in till-. ,-onditinns of this
<br />nN'? lj,-age. arld !Ill. NI"I t9,49— MAI- d0lialid, stso for aild r,A,o%,,r any <:tl(,h payrnl!nts v0ser, rive and pay-
<br />t)ul sllall l", 1"• M) to I(, This assignnsit.rlt is t,; lermll)ate' and 1.x•l•;,nie null and void upot,
<br />of this mortgage-
<br />11. Heishe shall not commit or permit waste * and shall maintain the property it, as good condition as at
<br />,irvAInt, rtasonalil, wear an.1 �_,gar c•xv,-ptetj. Al*' failure to -,„ rnaijlta=i, ilcrtgxKee. at its option.
<br />may Causi, nnn in"'. riatir.? A irk to il• )Krf,,,rnsi at -Jil. r, ,.,,t (,f X,r!Wag(,l-. Any amounts paid
<br />l,hvreior ii.. Wrtgaq,,tv iA,A)• ;lltvrt,-it at the rate, pr"l Avil 111t• ;it 1rwlpal ) n-debtell sisal!
<br />11A44,tiArwits secured by Ors instrument, ralabl% and on a parity' 'kvlth all
<br />other irldelitedurss se Fired and shall be payable thirty (3(t) lays at!•r d'.1711WId.
<br />12. If the premises, ,r aiiy part thereof. lye convio--linne,i ull,ivr the lrcn.er of t-mir,,11t "'otnam. or
<br />qu s ri for a p Nib I i, Ilse, tlse datmages a IN a rded. the 14- prts-et Is for the taking •af, ( r ti:, Co I I sid, rat !,m for
<br />su"fi to 0'.. f:Jll of the remaining unpaid ,jej•uF.k_j by this
<br />nx,rtjcagr. or hrme&ap assi;rn'-d to the Wrtgar"�, lx P"sill f'-f-thwiOl t0 s;llf
<br />atill1l'A IM moaNnIt'lits tA, such
<br />13, If this .- Mo4 i gagt,r farts tit tilak" aTIV par its, -rut i Whtl% rsr to r, n rm and with any
<br />tkW cotldltl„Tls or agi,villents s otrtaircVt ;% dais mortgage, r tii,
<br />it s�cllr. tfi,4,11 9"•
<br />,,ntlrt�- prilltqW suer a•oi ak�:ru,li iwt,r,st .shall, at otl(:, LIVV01114! 4JUV 41111 'tt till. "l, 11'
<br />mot`4agt� And In"Y!Rage may th-rilul-K,ii to- , it,jrt•clfjsed immviiiat.,lY rq- tilt, "khtile 4 tist, lildebtf-'l,
<br />!'"S fll-Ti4i)' M-4 UY-11, 3, i. ;Illljg, ,.St, of ext"n-filix Oil, abstract if ';lIv fl,-rn flil. ia!v of this mort
<br />9JWO t0theti"' :if 1 1, iuit,a attorewy, S t"•t" anq any ljtlta lial'i by the V--trans
<br />Administration on v,r,urst o.,f tSs, guaranty -r llsu Allk.. of the hN, all .t IN. 11101
<br />shag be imiuded in ate dtcrtv of f(.1 jx•l,slur,
<br />14. ill 1 i
<br />*neh Tttli, an,l ltrV11at4?ns swararci thereunder and ;T: • If, 1, .,fi tl;, Ow
<br />Aflff IiAttilltieg of 01w ItarlieX h4"ret,". atll AWy 1,f 11r.g •o- iYitlU1n,ws
<br />'41#h liffid whirls are irif'riNi�Sfent 6%!0l eNstd 1*:*9e --r 1:,slij6ti,,ris al-.,
<br />--onfstitin ther*tv-
<br />The rFhil t,;,A, and 111,' iiiii 4.,SJ1 t1to, !;, !h.
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