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73-(i~l~:~:~~i~
<br />6. If h~ fxols to pay any surn +;r keep any covenant prop ided Fur in this mortgage, the Mortgagee, at
<br />its aptian, may pay or perforrr, tide same, and all expenditures so made shall kxx added tcz the prin<~ipal surn
<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.
<br />7. upon request of the Mortgagee, Mortgagor shall execute and deliver a supplemental note or ttotea
<br />for the Burn or gums advanced by Mortgagee for the alteration, modernization, or improvement made at
<br />tl.e Mortgagor's request; or for maintenance of said premises, or for taxes ur assessments against the
<br />same, and for any other purpose elsewhere authorized hereunder. Said note or notes ahaA be secured
<br />hereby on a parity with and as fully as if the advance evidenced thereby were included in the note flrat
<br />described alwve. 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 ouch period sA may
<br />be agreed upon by the :Mortgagee and Mortgagor. Failing to agree on the maturity, the whole of the sum
<br />or soma so advanced shill be due and payable thirty (30) days after demand by the Mortgagee. In tto
<br />event chalk the maturity extend beyond the ultimate maturity of the note first described above.
<br />tl. 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 an3 condi-
<br />tions of this mortgage or the said note, all the rents, revenues and income to be derived from the meet.
<br />gaged premises during such time ae the mortgage indebtedness shall remain unpaid; and the Mortsasee
<br />shall have power to appoint any agent or secrets it may desire for the purpose of renting the same and twl-
<br />Iecting the rents, revenues and income, and it may pay out of sairj incomes all neeeaary commissions and
<br />expenses incurred in renting and mattagittg the same and of collecting rental therefrom; the balance
<br />retnainttts, if any, to be applied toward the diseharse of uid mortsttse indebtednw.
<br />9. Ha will continuously maintain hasard fawrattce, of such type or types and aatounta as 1[oe!/rsre
<br />tray lrora time dy time require, on the irrtprovemenb now or hereafter on said premises sad ezospt whso
<br />payment for all such premiums has theretofore beat made under (a) of parasraph Y 6eree[, wiA 11Ur
<br />promptly when due any premiums therefor. Upat detwk thereof, 1[ortsagr~e rnaq pay the cross. AD
<br />insurstrce shad be carried in companies ippcoved by the Mortgagee and the policies and nwewals thetroo/
<br />chalk be held by the Mortgagee and have attached thereto lava payable clauses is favor of sled is foerr
<br />acceptable to the Mortgagee. In event o! loo Yotisasor will sire immediate »otice by mail to file liort-
<br />gagee, who may make proof of leas if not made prompib by Mortgagor, and each irtntnace oompaaty txtao-
<br />corned is hereby authorized and directed to make payment for such loo directly to the Mortsape itaataad
<br />of to the Mortgasor and the Mortsagee jointly, and the inattrattce proceeds, or any part the=sof,
<br />fluty be appi~ad,lijr tie its option either to the reduction of the indebtedness hereby seeyynd
<br />or W the reato{'~i0ildr _~ property damaged. In event of foreclosure of this mortgage, or other
<br />transfer of t1W to thf- roperty in extinguishment of the indrbtcKineae secured hereby, all
<br />right, title sad interest of the Mortgasor itt and to any ineuranoe policies then in force shall pass to the
<br />purchaser or grantee,
<br />10. As additional and collateral security for the payment of the note.leacrilxni, and all autna to become
<br />due under this mortgage, the Mortsagor herebyaasigtts to the Mortgagee ail lease bonuses, proMa, nve-
<br />rtu~, royalties, rishts, and other beneEfts aecruins to the lllortgasor utxler any and ail oil and ps leaser
<br />sow, of during Eno fife of this mortgasr, executed on acid pretrtirea, rvitP the right to t•eceivea~l reosipt
<br />for the same and apply them io said kadebtedneaa as well brforn as after defauk .n the conditions of this
<br />mvrisage, end the Mortgage{- may desnsnd, sue for and recover anb• such p+,y riu~uts when due sad pay-
<br />sble; but stroll lMtt Fem. rw.+.};!.Ki 4+, t;. d(? 'l?tia saaigntat@nt r4 t~- t•_'Ytrtir+3~ Yn~ ~ ~_z::.@ ::li 3Ii~ tii:3 lilifiti
<br />release of this mort`sre.
<br />Il, He shell rug! PYM,Rrit .,r ~rrrilt waste; and chalk maintain tits property ;n a8 t~xditha as a#
<br />present, reasonable wear and tear excepted. Upon any failure to ro maintain, Mottgsser, at ip option,
<br />may enure reasonable maintenance work to he perfornx~d at the cat of Mortgagor. Any atetcwata paid
<br />tAenfur by Mortgagee shall bear interest at the me provided free in the principal indebtedness, shall
<br />thetYUpon bw:ome a Ixsrt of the tndebtedneaa secured by this instrument, ratably and on a parity with all
<br />other indebtedness secured hemby, and shall be payabM thirty (3t1) dayr after d«mand.
<br />IiZ. If the premises, ur any pert thereof, Fx condemned under the power of erttirtettt dwaaia, or
<br />acquired for a public use, the damages awarded, the pnxe~ fur the taking of, or the auuidrratioa tar
<br />sorb acquia;tion, to the extent ut the Cull amrwnt of the remYU,irtr unpard inrl.•bt.vlnrar aerurrd by Chts
<br />mortsage, or hereby xasrgrecd to ttie Murtttat(ee, xnd shall be paid foHhwrth to tt:lyd Mortgagee. to be
<br />applied uu account ui the htxt maturing rnatxllmrmta of such indebtwinean
<br />IS. If th.~ Jtortgxgr,r f'x~la Gr miler ant- Iraymenta wtren slue. ur t., r..r;~..~nj to and ~~.mply wkth say
<br />~ Lena ctu~drt=urLt ut• agrvxraurts cuutaieeci ra Wra uwrt~tr, or the aster whtch a aseutw, thew the
<br />entire principal sum and accrued interest altall at once besartr: due sad payaAk, at the eleetiat of the
<br />Murtsrgas: sad tF.ia mnt•t;age may thereupott be [oneGtred iaantadiaErky for the wlto+ie of tile!
<br />neaa hereby securc~rt, including the cost of rztc+nding file alMdrttst of title from the date ut tl:ia rnart-
<br />RMs Eo the time of comtttencing such suit, a reasonable attorney'r fry, and any aunu paid by the Vetcrata
<br />Administration on account of the gturaafy or insura:tee of the indebtedness secured hereby, all vt which
<br />abaA ire included in the deans of foreclosure.
<br />t4. tt the iaAlhtadaeea seeater! herehs be suaraateett or insstred under Title Eta, United Staten Code,
<br />such Title sled 1iesuls-tiona issued ihereutt~ler and in e$ect ou Wa date hereof rhaii leveret the n;hta. dunes
<br />sad liabilities of the partial Aereto, and soy protrisianr of this or outer inatrutaenta executed in connection
<br />with raid Itdebtetlaees w,,,ch an ir:onaiateat with acid Title or Regulations are hereby amended to
<br />caaform thereto.
<br />The C07enYDta henrn C(Nltained shall DitxJ, sad the benefits and advantages shall inure to. the
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