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85. 005816
<br />$. If he 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 he 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 />r for in the principal indebtedness.
<br />j 7. Upon request of the Mortgagee, Mortgagor shall execute and deliver a supplemental note or rotes
<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 Mortgagee and Mortgagor. Failing to agree on the maturity, the whole of the sum
<br />or sums so advanced ,hall be due and payable thirty (30) days after demand by the Mortgagee. In no
<br />evert shall the maturity extend beyond the ultimate maturity of the note first described above.
<br />S. He 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 he 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 aprl,int any agent or agents it may desire for the purpose of renting the same and col-
<br />lecting the rent.-, revenues and income, and it may pay out of said incomes all necessary commissions and
<br />exlxinses incurred in renting and managing the same and of collecting rentals therefrom: the balance
<br />remaining, if any, to lie applied toward the discharge of said mortgage indebtedness.
<br />9. He will continuously maintain hazard insurance, of such type'.)]. types and amounts as Mortgagee
<br />may f:•om time to time rewtire, on the improvements now or hereafter on said premises and except when
<br />payment for all such piviniums has theretofore been made under (a) of paragraph 2 hereof, will pay
<br />promptly when due any premiums therefor. Upon default thereof, Mortgagee mar pay the same. all
<br />insurance shall be carried in companies approved by the Zlortgagee and tilt, 1x,licies and renet+•als thereof
<br />shall be held by the Mortgagee and have attached thereto, loss payable- clatises in favor of and in form
<br />acceptable to the Mortgagee. In event i,f loss 11fort.gagor will give imtnediati• ne,tie • by mail to the Mort-
<br />gagee, who may make proof of loss if not made promptly by Mortgagor. <ind each insauance company con-
<br />cerned is hia-ebv authorized and directed to make payment for such loss dfrecily to the ,llor'tgageo instead
<br />of to tilt, yortgagor and the :Mortgagee jointly, and the insurance proceeds, or any ;rat thereof.
<br />May be applied by the• Mortgagee at its option either to the reduction of the indebtedness hereby sec-ured
<br />Ur• to the restoration or rrpasr of the property damaged. in event of for—closure—l' this mortgage, or other
<br />tr.ir,sfer of tith, to the 'nit tgagod properly in t-xtinguishmcmt of the indt to eirz. >vi urt,d hcreb�, ali
<br />right, title and inierrst „f tilt, iortgagor in and to any insurance policv•> t l w r l sh::h Bass
<br />purchaser or granter.
<br />I x1. As additional :t?„l , -,Ilatr••ral =,ecuHty : >r ? it" paenuytt of the 11ote t., .� _':Le ti..:;,,] al l sums t„ Leen:em
<br />due under this mortg:t�<•. Liu• Aortgagor to •itt, .1tIortgage,. all !east howlse• , prn'it�,, r• �e-
<br />nurs, royalties. rights, ,.nd other iie111- fits accruing to the Nl.,rtgagor under any and all I'll and gas ]eases
<br />now, or during the hf, ,'f this mortgage, cxecaate,l on satd th tht. right tr. anti !, re• +pt
<br />for the same and aplti., than to vain indebtedness ;is � , ii i„ fn'rr• :is .after +lef au,t in the , t,nditions of this
<br />mortgsge. and 1S14• Zlortgagee mar dcvnaud. sue for an'i r, c „et r aany saris pw, na: ra o:h,m dill• and pay-
<br />ab;r' but shall not be rtyt.iir,-d so to do. This assignrnrnt :s to termirritf arad Leeo:nt mill nn:l road tilt(
<br />rc•wa .w of t his lno) •tgagi%
<br />il. H,. snail not t'orntnrt It- hermit. 'kastt•: 'Old ;hall maintain tb` lnnjt +,ric :n ;:; g,n.,i e „n,iition as at
<br />present, reaseoiaitl( ,et:u a:a +l t,,.u' t,xe•opter.. 1'1),,11 ally failt:re to so maintain. Jlort;.*agee. at its option,
<br />cause rt, asunal,ic n5ai77tenanee •,Mork to I,e perf„rnied at the cost t,f Mortgagm.. an} amount.<: Itaul
<br />therefor h•. Wrtga },ire alai; I„ -ar interest at the' rate pro�'srled flu' in the l,rrncil,al nuiebtedn,ss, shall
<br />th, a-eupon bet: on;e a ;tart •,f the indebtedness secured by thus instrument, rataltl; anti ore a i >arrty c, ith all
<br />otha -r - hereby, and situp l')e payable thirty 13()l liars a,,.,•r ,it-a:and.
<br />12. if the 'n• any part thereof. bt. condemrn,d under the. pm"?- t,f emirs, nt domain, or
<br />tte I., Pit, for
<br />i4cfurrcd f,,r a ]tsli'h :1.,,v, fa <i::mages attar(ied, the n for the n+f, Y
<br />Such to t11t eyt,•nt ,f rite full amrnint i)f the• re mainsng uiil,atd 1111, hl,,dnt'ss =,ror,•e] bt tilt.
<br />mi,rtua}e, „!' lieY,•t)t assigns ^d th the Nl�HSg:tgoe, and ,lull lie' )raid tit bo
<br />aphil"d orl :accr,unt ,�! tht• la.sl rnatur•ing iustaillmonls .,f =uch incle,l>Frtin•r.....
<br />13. Ii' tni. ti1t,,'?y aft„r fails in make all} ;sacm,•nLs uxht'n due, m n,tt 1- au,l ,,unit!. .v itfi am
<br />of the c Indllo,n< or agret•rn,•u?_s t,ont.a:n,al nt this tm,rtguge, ur the .,,,tee it it cares, th,•n the
<br />"7111r.. print.sprii .titnu .01,11 ;te, I'll-i iot"rest ;.hall ;0 knee ],er„nu• slue ;ttu1 tl;c
<br />NIA rtgtgee: and Ilti, nia }' lhrretijugi he 11"14 n( the iradebled-
<br />*,s4 herel,y et- r.r•d, !..,li,rinsg'h, ena ,�'' xt�•ntling the absira,t iltl,° late t,I this rnnri-
<br />gag « It ano,tahl,• ❑tt,n r ti's ,, t•. ar,] .0 : -.uns< na; <.; ? � :„ t' terans
<br />A,itn.ttistralitni ,tit m' „oni ,df 111t� guaralitr uiSurai: ,i'r flag, 1�1, ,i:i, , tit, ,1 ht 1, i ", all „' ", hirh
<br />Stull fx• mcitrrie,i it the ,l, t nr of f"r,�t•Insurt%
<br />1I. If '911' S” M-1 hers be 'r„ 1'.tl,� 1�, t'ni1, -,1
<br />it 1'iti< arvi i OVId 1 'toed it reunt�6 t ;Md Ili i t•i : 1h.
<br />nn S ist4si,.r ti,, lugs -., w !, sere , dh,i all % i >e—, a1 t " 11 �j, i
<br />,.i r. i) ;:all irddeltttvl 114 °Kwt y. i. ich nr-.• slrr,n;ax',•isr �t t. !. �nd .1 i•I,. ..r l; �6�'ii:, ”, t; r�_ n ius -, .t ,nt•nri. <<1
<br />. r, r;fnr'JY! f Yar•pe to
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