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<br />$. ]f it: fails to pay any sum or keep any covenant pr,~: tiled for in this mortgage, the kioa•tgagee, at
<br />its option, may pay or }xrfo:m the aware, and sl! expenditures ao 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 indebtedneaa.
<br />7. L'pon request of the Mortgagee, Mortgagor aha)i execute and detiver a auppiemental note or notes
<br />for the sum or sums advanced by Mortgagee for the alteration, modernization, or improvement node a:
<br />~ the Mortgagor's reyueat; ~r for maintenance of said premises, or for taxes or asseaament against the
<br />Sartre, 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 !lest
<br />k deacrfbed above. Said aupptert:ental note or notes shall bear interest at the rate provided for in the prin-
<br />cipal indebtedness and shall bc• payable in appmximatety equal rwnl2rly paytrxnta for such period ss may
<br />y ~ be agreed upon by the Mortgagee and Mortgagor. Failing to agree on the maturity, the whole of Ute sum
<br />`' or sums so advanced shall be due and payable thirty (301 days after demand by the '+!ortgsgee. [n no
<br />«~~ event shall the maturity extend beyond lire ultimate maturity of the uc;e first described Ptwve.
<br />-TI~ 8. He hereby assigns, transfers and sets over to the Mortgagee, to be applied toward the payment of
<br />• the note snd all sums recured hereby in case o! a deiautt in the performance o[ any of the terms soil condi-
<br />tiotis of this mortgage or tee said note, all the rents, revenues and locums to be derived from the mort-
<br />gaged premises during such time as the mortgage indebtedness shall : retain unpaid; sad the Mortgagee
<br />shall Aave power to appoint any agent or agents it may desire for the purpose of renting the aattre and col-
<br />lecting the rents, reveruea and income, snd it may pay out of said incomes all necessary cammissimu sad
<br />expenses itrntned in renting and managing the name and of collecting rentals therefrom; the balaaee
<br />remaining, if any, to tee applied toward the discharge of said mortgage indebtedtrees.
<br />8. He will ronturuoualy maintain hazard inaarsnce, of such type or types a~ amount as 1[ot tg>tyn
<br />may from time to time r•ec}uire, on the improvement now or her~fter on said pr•etnisq and exaiyt wlges
<br />payment fcr all such premiums has theretofore been made under (a) of paragraph g hereof, will pq
<br />promptly whet. due any premirrms therefat. Upon default thersof, Mortgagee may pap the catlss. A!!
<br />insurance shall be carried in companies approved by the Mortgagee and the policies snd renewals tAeesd
<br />shall be held by the Mortgagee and have attached thereto loss payable clauses in favor of sad in toealt
<br />acceptable to the Mortgagee. In event of lass Mortgagor wil! give immediate notice by mail to the )rot't-
<br />gages, who may make pr«tf of loss i[ not made promptly by Mortgagor, and each insurance company coo-
<br />cr•rned is hereby authorized and directed to make payment for such loos directly W the Mortgagee instead
<br />of to the Mortgagor and the B4ortgsgee Jointly, and the insurance proceeds, or any part tAceraf.
<br />may be applied by the Mo,ar~ fit, ~ motion either to the reduction of the indebtedness hereby scented
<br />ur to the rrstoratiou or repot f tile. dat{1rg'bd. In event of fareckrsurr of this mortgage, or other
<br />transfer of title W the mor•tipaiEgrq~ip extinguiahment cf the indrbtrrtnesa secured hereby, sIl
<br />ri};ht, title and inter•cwt r.f the Mortgagor in and W any insurance policir.. then in force shall pass to the
<br />purchaser or granter.
<br />10. As acWitrunal and .ollateral security for the payment of the notar drscrtbrd, and all sums to become
<br />bur under this nrwrt-gage. the tdartgagor hereby assigns is the b[ortgag€e• at} lea3e 6onuara, praRia, r
<br />noes, royalties, rights, 3r;Rt r>ther beneftta 3[C[Uitlg W the Mortgagor under any and all oil and gas teases
<br />now, or during the hfe of this mortgage, ercecuted on said premises, with the right to receive an!1 r~•eipt
<br />far the same std n},}, r . };; t+: mid ir+i~tr.#n~..~. ar w•«I: b:'orr= as aft.=r { fau:i in th€ :•atrt3iiir~ of the
<br />m«rrtgcrgp, and tilt *inrttraacr may demand, sue far and ttcvvrr arcy srreti {wynrrreta ;:l;rn bird and pw7i-
<br />abh+, but shall not tx• n•r}uirrvi as to dV. This abaignment is to terminate anti t;c•romr null and void upon
<br />r'eh•asr of this mortrTagr
<br />l 1. He shall not commrt .'.r petmtt waste ; anti shall maintain the pro}rr•r•ty rn as grrcai condition as at
<br />present, rnaaonablr tvcar sort tear excepted. G}wn any failure to scr matntain, Mortgagcti•, at its optiwr,
<br />rosy cause rraarrnable maintenance work to ter performed at the cwt of Mortgagor. :trey artx;unta paid
<br />therefor by Yw•tgagr+rr shall hear intrrrrst at the ra-e providrKi fur rn the I,r.nci}url :ndrhtrdnrss, shall
<br />thereupon trec•~3me a }tart of the indebtedness secured by this instrument, ratably and on a panty' N'tth all
<br />other indebtrdrrss s,~•urtd hereby. and shall br payable thirty 1•;01 days after demand.
<br />12. If the prrnuses, or any part thereof, be cored«•mnrd under the Iwtrrv rrf cminrat domain, or
<br />acquinNl for x pubin use, tit«~ damageK sward«wi rhr prr>.•w~la far the [xkurg ref, nr the r•„nsirieratian for
<br />aueh aeyuinrtwn, to the c•r!r nt of tttr full xnnrunt ..f the rrmauurg unlwid inrirht.•dnRS.v ,rcur,d l,y this
<br />murtgaga, or hrrr;rv x.t+ignrri to th.• .'NnrtRxgrr. soil shall iH~ Ira;r1 f~.rthrr ith t~. ~:url M~~rtKag~~r, to bR~
<br />applied act account ,~f tree last mater n?g ,,,. tallttsrnts ~,( Sur h :ndrblrvi:u•:r,Y
<br />1:5. !f Fite }lei tguaur fads t~ ntai,~ ~~ )~) m«=nts when der+', ar L, r,rnl=,~ m r.= an.i . r~rn}r1y a rth Atty
<br />o[ the eondrtwns or agr•eemen4 carrtainrd m this nrortgsge, or the notes which it weures, then the
<br />entire principal earn soil accrued interest shall st once become due and payable, at the election of the
<br />:Nurtgagrr : aril thrs :nortj}agr map therrrr}xrn be tarrcloeed imrrrectiately far the whale of the i~d-
<br />tirtra Imret)y ar..•iirtnt, ria~iiirlicy[ the i~nrt ,.r 22terniirig Lne wb5'rrk"t Jt .ttlf ,rViii tti:3 :tai 7." Lhsa aios't-
<br />gags to the time of canmrncing aueh bait, a reaaanxbk atWrney'a fie, and any sums }raid by the ~'rteraM
<br />Administralirrn an account of ttRe guaranty ar insurarree of the indebtedness secured hereby, all of which
<br />shall be included in the decree of foreclosnro.
<br />t#. 11 the ittdeDtsdn~:s aerated hereby be guarartired r>r ir_sur!•d vtrdrr Title .tH. T'nited ~.tatr,w t ode.
<br />aueh Title rrad)FiegttLtiona issued thereunder and in effect un ttre date hereof shall gavr:rn the rights, duties
<br />seed UabiUties of the parties hereto, snd any provisions of this or Mher inatrurnenta rxa•uted in connection
<br />with said iadat-fedtre. whkh ar^ incesaiaiant with acid Title or Relttrlations are hereby amendekt to
<br />eonfarntthereto.
<br />The crsvensnt heroin caRtslned shall bltxl, seal the benefits and advantages .hall inttrr to, th-•
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