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<br />83- 004397
<br />6. If he fails to pay any sum or keep any covenant provided for in this mortgage, the Mortgagee, at
<br />its option, may payor 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.
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<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 premiser;, Dr 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.
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<br />8. 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 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 payout 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 mOl-tgage indebtedness.
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<br />9. He will continuously maintain hazard insurance, of such type or types and amounts as Mortgagee
<br />may from time to time require. on the improvements now or hereafter on said premises and except when
<br />payment for all such premiums has theretofore been made under (n) of paragraph 2 hereof, will pay
<br />promptly when due any premiums therefor. {Tpon default thereof. Mortgagee may pay the same. All
<br />- insurance shall be carri(.d in ('ompanies approvpd by the J[ortgagee and the policies and renewals thereof
<br />shall be held by the Mortgagee and have attached theretv loss payable clanses in favor of and in form
<br />acceptable to the Mortgagee. In event of loss Mortgagor will give immediate notice by mail to the Mort-
<br />gagee. who may make proof of loss if not made promptly by Mortgagor. :lnd each insurance compaTlY con-
<br />cerued is hereby authorized and directed to make payment for such loss diredly to the Mortgagee instead
<br />(if to the ~Iortgagor and the :\lortgagee jllintly, 'llld the insurance pl'O('.epds, 01' any part thereof.
<br />may he applied by the Mortgagee at its option eithel' to the n'duction of the ilHleutedness hert'by s('('llred
<br />"I' to the restoration or rl'pall- of the propI'l"ty damaged_ I n event of forpdosllre of this mortgage, or other
<br />transfer of titie to the nl\lrlgaged property in extinguishment of the inddltedness ~.'cnred IlIo'l"eby. all
<br />rbrht. title and intel~e~t {if the :\IortgaJror in and to any insurance poiicip~ t!JPH ill forc\' shall pass to the
<br />purchaser or grantee.
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<br />10. As Hdditiunid nod t..-\lUah'ral security fill' the paynlent or the nntt.~ dt'scribn1. and all S.tUllS to lwcoIne
<br />dUe ulul('!r this nlortgagt', tlH> ~lortR'asr(Jt hel~pby assl)!n:i to the Mort)!:lgt'f:' aU kast' hOHUSt'S. profits. t'l}Vt~-
<br />nut.~s~ !"i.lyalti('s, right.s. .Iud pthf~r i-'t'netlt~ al....(TUJn~ to the ~~ort~a.gur unde!' any ~HHi aU oil and gns leases
<br />now, OJ' during Ow lif~' ()f this nlnt'tgal{l.:~J 1..':\:."t"utt!d un said prt'rul.ses. \\'ith the ri~ht to l"t:et.'i\.p Sind l't,.tl""lpt
<br />fOj~ the s..(.un~" and apPh tht'ln tn said jnd,~'btt.'dlH.'s-:-; a~., \\-.,H b".fort' a.:S a(tpr dt'fault In thl~ conditions of this
<br />ITlOftgagc, and tht.' ..\Iortgal{t~t. ffiay llt:lnand. sUt' fur and r.'<-'O\'t'j' any ;3udl paYIlh.'nl;; \\ hell dup and pay-
<br />auh_', but shnil Hot be l'eqUil'ed su ll,) do. This a.sS!g'Hlllt:nt IS tp h'rUllH.att,' aud ht}t'onH.~ Hull and void upon
<br />rt.h!ase of thlg lnortga~'t..
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<br />11. Hu ~halJ not ('(IUUlut ~}r pennlt wash"; and .shall nlalut':;UH the protll'rty II! as. good \'PfH_htion as at
<br />pn....St:.mt~ l't."astjnabh..' "l'ar aud tt'ar t"x(t~pted. \'pon. H.H) f~lilun~ tt) $tl Inaintaill. ~lol'tga&,et~. at its option,
<br />ma~' cause re<lsollahk 1ll11111t"llau,-e wurk to b" r....rJ'orllwd at th" lost of Mortgagor. _'\ny amounl.s paid
<br />therdor by Mortgag,,,, shall i."'il1' l!\lt'n'st at tll<' rate pro'"kd (or III tI.., prlll(.'pal wd"bt,>d.ll'ss. shall
<br />tlh,reupou lJl"'IlI1W 'I part of the ind,.btt'dne:>s s,,,,ur,,,l by this lll..trlllllent, ratably ;lIlt! on a parity with all
<br />oilIer iud,'bt,,,iu,,,,s s,...,ured i;t'l'i.by. and shall bl' payable thirty ClUJ days aft('r demand_
<br />
<br />Ii. if the prelnj~es, or allY part thert~of, b~ \:uHdeolHed under the power of ('nlineut dU1Hain, or
<br />aLquin.>d for a publH.' uSe, thl' llaJnagt.~8 a\vard~d. the pn.c\.;'et!.s fHr tilt:: taking of. or lill;' c'Hi.':,idel'ation fot'
<br />sueh acquisition. to the "Xtl'llt of the full anwllnt of the H'maining unpaid indd!kdm'ss s<'('ur,.'d bl' this
<br />mortgag<J, 01' hl'l'i:by aSSign",l to the Mortgagl'l" and shall b<' paId forthwith to said Mort!!ngl''': to Ill'
<br />appllt..-~d on ac\"ount ttl th(' last rnatul'ing installnleuts ui such indebt.ei.1IWss.
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<br />13. If the ~Iortgagor fails to Iuakl1 :any pay.rnents wiwn due. or to conft.nu to and ('OItlf}ly with any
<br />of the COfH.htion,.; or agreenlents ('ontained in this Hklrtgage, or the IH..tC$ \'I'hieh. it Sf;'t.'Urt2S, tiH:'1l Uw
<br />entire principal Stun ,and ae~':ru~..d intert~st StH\U at. uHCe be(:uPle due and JHi) ahh'. at tht' election of Ow
<br />?lIortgagee; and th,,, mortgage may thercupun UI' fOl"<'dosed imnwdiat.ely for t;", \\holt. of the indebt(~d-
<br />nes.~ her"hy S('(ured, .odudllll; the l'<~~t of ,'xknding th., abstrnct of title from tl.., dall. or this mort-
<br />gage to the time of ('unmH.'lldng such suit, a l"N1SUnable att')l"llGY's f,c", and all;' slims paid by the \'l'tet'aJls
<br />Adln1..ui.su'ation {)H au.:ount of th~~ gua.ranty or insur(\w:;~: of the iJidt:hh'dnt\.:i~; .";'l)'l:lU't'~i fWl'dJ).', all of whkh
<br />shall blii indudoo in the dl'Cl"k'€ of fOl"(.'C1Ql!lul"l~.
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<br />14. 1( the indoot.L-Ullt"iIIl s('Cun'<l hereby be glllu'(mt:e"d 01' iusun'd uu,kr Titk' ;1::<. l'uit:,'d States COdl',
<br />sadl Titlolantl Regulations l!'l\W;-U tht'reUllda IUlll in dred on Uw dati! iwreuf shall goven! tlw rights. dllti"ti
<br />and lIabHltkl\ "f tlte l'llrtil~ hU"lo. and any fH'rWisions of thl~ or otlll'/' lUstrum<,;uts L'x,'r,'utl'il in COllll('diou
<br />with lWtid illcHebtedtW~ which are illcol.1s1sbwt with l\;.lhl Title or ftejO[uluUoH;; an' hereby alllelHled to
<br />,~ntQrr:n th~r~to_
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<br />Tit., cO\"1llUlul.il h<'i~Jjll N'lltairn."J. shall bind, llnd the lNllCI1L~ and IldVil.llk4>"" shall inure to. U",
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