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k} C€' }qe. ~•; ~ pa~Ey }i~.y suzr or kr:rra ay revenant pravidr~tl far i.n this mortgage, t}tE=, Mortgagee, at
<br />its tzptios} in•za+~' pay_;p=, x°form the-same, a;.zd all expenditures s~o ixzade shah t}e added to the principal sum
<br />aE~in~• on t;ze ab^ve note, shall be soured hereby, and shall bear interest until paid at the rate provided
<br />for in?rize principal ndelstednass.
<br />-t, I;prn request of the Mortgagee, Mort=gagor shall execute ant deliver a supplemental note ar notes
<br />ar the sEZt-n or sums adti-anted by ~I;,~ ~gagYe for ;.he aIteraYion, moderrizatibn, ar ixnpravemant made at
<br />., •. the Martgagt~r's request; yr for maintenance of said pz•eznises, ar far taxes or assessments against the
<br />same, and for any other purpose elsewhere auiharized hexeunder. Said-Hate or notes shall be soured
<br />lxar~'sy an a parity :with and as fully as if the advance evidenccbd thereby. were inn_luded in the note first
<br />described above. laid supplemental note or Hates shall bear interest at the rate provided for in the pr2n-
<br />cipai indebtedness and shall be payable is approximately equal monthly payments far such period as znay
<br />be agreed upon by the Mortgagee and Mortgagor. failing to agree an the maturity, t}ze ::°hales of the sum
<br />ar sums sa advanced shad be due and payable thix•ty {3t}) days after demand by the s~fortgagee. Izz no
<br />event shall the maturity extend beyond tine ultimae maturity of the Hate first deserib~d above.
<br />_ 8. He hereby assigns, tx•ansfexs and sits over to xhe Mortgagee, to be applied to.s°ard the payment of
<br />the note and a}I sums secured hereby in case of a default in the performance of any of the .arms and eondi-
<br />tians of this mortgage ar the said Hate, all the rents, revenues and income to be derived from the mort-
<br />gaged- premises during such time as the martgagxs indebtedness shall remain sznpaid ;and the Mortgagee
<br />shall have paver to appoint any agent ar 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 reefing 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 ;will continuously maintain hazard insurance, of such typo ar typos and amounts as Mortgagee
<br />may from time to time require, on the improvements now or hereafter an e~zitl premises and except:vhen
<br />payment far all such premiums has tlreretofare beta made under {a} of paragraph 2 hereof, :will pay
<br />prauxpz.sy w'zzen ezue any preieiuans z€zere=rar. %igian aerauxc thereni. Mortgagee may pay E:ne same. X11
<br />insurance slxall be carriir~t} in camparzies approved by the Mortgagee and the policies and renewals thereof
<br />shall be: he=ld by the Mortgagee and have attached thereto toss payable clauses in favor of and in form
<br />acceptable it} the Mortgagee. In event of loss Mortgagor R=ill give immediate notice by mail to the ~[art-
<br />gagee, who may make proof of loss if not made promptly by Mortgagor, and each insurance company can-
<br />cerned is hereby authorized. and directed to make payment for such lass directly to the Mortgagee instead
<br />of to the Mortgagor and the Mortgagee jo}zztiy, and the insurance proceeds, or any part. thereof,
<br />may ba applied by the Ma..,
<br />at a,opGicsn either to the reduction of the indebtedness hereby secured
<br />ar to the restoration or repaijr.,tof the,przjp~tty damaged. In event of foreclosure of this mortgage, or other
<br />transfer of title to the marttg~:-~~Pt?€~y in exG~guishment of the indebtedness secured hexehy, all
<br />right, title and interest of then Rlartgagar in anti to any insurance policies then in Carte shall pass to the
<br />purchaser or grantee.
<br />Id. As additional and caltateral security far the payment of the note described, and a!! sums to became
<br />due under this mortgage, the Mortgagor hereby assigns to the Mortgagee all lease bonuses, pro#=zts, zeve-
<br />ziucs; royalties, rights, and other benefits accruing tQ the Mortgagor under any and all oil anuz gds leases
<br />nov; nr during trre life of this mortgage, executed an said pram}sE~s, with the right to receive and resLeipt
<br />fF~r the; one aEZd appi=~ tizf~art t?? mid indi bt~e~nCes as ::ill l.~fv?~ as after d~ault in tlz~ razzditicr~ c~€tlrs
<br />}FVa xsazic. ~;.,~, L is t.,: a-a~t's€Y' aJ ."'. •i, 3U. u° a;iii T u:cr axx_s' aii%h piFt iFis.tFa:~ ii'}EelE uiie ?iiiF~ a±4~-
<br />~ln ! .t ~h~11 ."t ti" - ~zr4d sw t~^. da ~`Irrs ~ .,.ant ~ to t ~.~t~ ~ k`~*~? - ..u}z l - :a - -
<br />-- _ - - _- - _ - - --_ - -_uFS~
<br />11. He shell not camnrit ar permit waste:; azxl shall maintain the property in as goad condition as at
<br />present, reaswEal}Ie wear anti tear excepted. Upon any failure tv sa maieztaiez, Mart~~;i}lE:e, at its option,
<br />mzty cause reasonable maintenance work to Ire performed at the cast of Mortgagor. Any amounts paid
<br />t}irrafar by }dU,•tgagaa sh~13 bear interest at the rate provided foz• in the principal indebtedness, shall
<br />thereupon became a part of the indebtedness secured by this ittstrument, ratably and an a parity wide all
<br />other indebtedness secured hereby. and she}} be payable thirty {p) days after demand.
<br />l2. If the pz'eznise~e, ar any pax°t theroaf, be eandemued under the pa5vcr of vmiazent domain, ar
<br />•tf t N tF {i a AAACta 9 ~_{',a ~~ f • t t l } F *' 8
<br />a£(zu1Sa 1 ar . p-.}}1t Erse, t r d m..~..., ....»rdad. .., pr'.x'°f'i ,, L'i h@ .~ki;zg i3 , i}r t t~' t'iiiasit.c3'iiciari x6r
<br />such a+:quisitiazE, to the extent of the full amaurrt of the remaining unpaid indebtedness s4•cured by this
<br />marigagc4, ar lEereby assigned to t3xe Martgzrge::, and shalt t}s: paid fe,rtlzu~ith to said Mort~rrgr~, tc} }~}
<br />applied oz} account of the last maturing intallmezats of such indelztzdness.
<br />l;}. If the :t~nrtgagar fails to nzalee ant paymenta:vhe~e due, or to conform to and comply with arry
<br />of the eonditivzzs z)r agreements c~ntainet4 in this mar-tgage, ar the Hates Evhich it s~~nrexs, then the
<br />- ~ -
<br />~i~€i~~ ~sizFi~i~:~ ~i's~ airvl- ~Fi~rm~s ir~i€ cad sha`ll'.' pct iiit¢':: E''7d:(~xl€Te 'uiicT i'c7id ~3ia;F~[`3ii:. ~i a'te' ~tcc~`sI#ix1 -Vi
<br />vl"z'i-g-='; t3n.~i r~}z!s m«~rtgag~ ezay tiru..pufu~. ~, r ar~lt im~,F~taet rar ihA ?r~}E E t tho ;nd~b~~I-
<br />ness herel}y secured, ineludsug the cast of extending the abstract of title fz°am t3ze date- of this mort-
<br />g,tcrtire time of eonuneneingstst quit a reasonable attorney°s fee, anti azzl' sums mid b,- the ~ zterans~
<br />Adrrrinistrat}an on account of the guaranty or izzsuranca of tht+zntlebtedness sc~u;td hereby, all of a°hich
<br />x;:.•~e in€iznic•ri ~n the #l~rec a€ f+zrec'lostrr~;
<br />i•i. If t}~e inc~ebtedrre~ r~cured harut}y tiee R'dnr;tz~teed +xr iztsureci uirder `~ikle :lLi, United Stakes Code,
<br />seu:#'i 'T`itle and l2asiulstir,.;~ iasa:ed t1~ 3~;trYtder cud izt effect nil the date heeenf.she;t} ~rvarn the rights, duties
<br />:I zi,~3iiities ai i.'te pst•ties hert~~, end t?Fty pravi~ietts o!' t€sis rn• ether itzstrut?s~uta-ex:_rut in ctzaiiart}nn
<br />~-itrr ~.~a- l~'r.91`.t~~ n~ o C^.IEI~}i-- w o in. @riootEnt vrith i@iYl i itib. GP ,'r+.et~Czla~tlofl9 ale- Il[erel-?y siizended- to
<br />~rie'en~i:E~ z.es•etn cuntAizzE;it riizall ufnd; a}ru ti}r beitefZts grid hdvarztsges shall inure ta, the
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