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79-- V~~i~~~~Ei~
<br />E. If h,~ tails to pay any st:m or 1[eep any covenant provided for in this mortgage, the Mortgagee, at
<br />its option, may pay or perturm the same, and all expenditures so made shall be added to the yrincipal sum
<br />owing on the above note, shah be secured hereby, and shall bear interest until paid aL the rate provided
<br />for in the principal indebtednesa.
<br />7. Upon request of the Mortgagee, Mortgagor shall execute and deliver s aupptemental note or notes
<br />for the sum or sums advanced by Mortgagee for the alteration, modernization, or improvement made at
<br />the Mortgagor's rE~rluest; or for maintenance of said premises, or for taxes or aasesamenta against the
<br />acme, and for any other purpose elsewhere authorized hereunder. Said note or notes shat! 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 atxn•e. Said supplemental note or notes shall bear interest at the rate provided for in the prin-
<br />cipal indebtedness and shalt be payable in approximate}y ~qusl 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 />ar soma so advanced shall -,r due and payable thirty (30) days after demand by the Mortgagee. in r-o
<br />event shall the maturity extend beyond the ultimate maturity of the note first described above.
<br />8. He hereby assigns, trartafera and seta over to the Mortgagee, to 6e applied toward the payment of
<br />the note sod all sums secured hereby in case of a default in the per[ormance of anv o*. the terms and eondi-
<br />tiuus of this mortgage or the said :tote, 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 ;sod the Mortgagee
<br />shall have power to appoint any agent or agents it may ddire for the purpose of renting the same and rnl-
<br />lecting the rents, revenues and income, and it may pay out of said incomes all necessary o~nmissioms and
<br />expenses incurred in renting and mansgirtg the same and of collecting rentals therefrom; the balance
<br />remain(ng, it any, to he rxppliwi toward the discharge of said mortgage indebtedness.
<br />9. He will continuously maintain Aasard insurance, of such type or types and amounts as Yottgape
<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 (a) of pstxgrap6 2 hereof, wtU pay
<br />promptly wht~sny premisrsns therefor. Upon default thereof, i1(ortgagee may pay the same. Ag
<br />insurance shall ~ carried in companir 1lpproved by the Mortgagee and the policies and nnewats thereat
<br />shall be held by the Mertg~gre sad have attached thereto low payable Clausd is favor of and in farm
<br />aceeptabk to the Mortgagee. IA glen! d ions Mortgagor will give immediate notice by mail to the it[ottr
<br />gages, who may make proof of tons if not made promptly by Mortgagor, and sash insurance cempany coo.
<br />crrned is hereby authorized and directed to make payment for such low directly to the Mortgagee instead
<br />of to the ytortgsgoe and the Mortgagee jointly, and the insurance proceeds, ~r [srU pots{ thereof,
<br />n[aY be applied by the Mortgagee at its option either to the reduction of the indebtednda hereby scented
<br />or to the reatoratiun nr repair of the property damaged. Io event of forecbsure of this
<br />mortgage, or other
<br />transfer of title to the mortgaged property in eztirtgnishment of the indebtedness accused hereby, al!
<br />right, tiffs and intrrrat of the Mortgagor in and Lo any insurance policies [he•n in force shall past to the
<br />pw•chaaer or grantee.
<br />10. As sdditinnal and cullatetal security for the payment of the note descritx•d, and all sums W become
<br />dos under this mortgage, [hr Mort~tgoe heveby assigns to the Mortgagee ail lease boousea, peeAts, reve-
<br />aad, eoyatti.~, rights, lrx~ .,thee bru~dlta aeerning to the Mortgagor under any and all oil and gas bases
<br />sow, or during the life of thin mortgage, ezecutrd on said premises, e•tth the right to receive and receipt
<br />for the sgre~ arxd apptt• tlaerx A said indneaa ss w-r.t} t~.r-{„n: a,. after .trfnxtlt in Ehe conditions of this
<br />mortgsgt. sod ti:f kturtgagre may drmaad, site fear and recover anv such pavmrntxs why[ r+[x. aRd ~_
<br />able, but shah oat br rrq[xirrni so to du. This assignment is to terminate and become null and void upon
<br />ee{iasE of this x~,et~agr.
<br />tl. Ha shall nut crrirlrxxit or permit waste; and shah xnaintaxn tf[r property in as good condition Y at
<br />pedant, reasonable wear and tear ezcepted. Upon any failure to ao maintain, Mort
<br />gager, st its option,
<br />may Cause r~waona~ie maintenance work to be performed at the cost of Mortgagor. Any amounts paid
<br />therefor by Mar•tgxgce stxall txear interest at the rate provided fur in the prrncipal indrbtrdrxeaa, shall
<br />thereupon t>rcamr a lwrt of the indrbteclnesa assured by this instrument, ratably anti on a parity with all
<br />other indebtedness scented hereby, and shall txr payable thirty 1:401 days aft4•r demand.
<br />1E. If the premises, ur any part thereof, be condemned under the pawn of eminent domain, or
<br />acquired for a public oar, the damages awardwi, the prorwrls for [he taking of. or the conaidrration for
<br />such scquisitiotx, to the extent ..f the full amount of the rrmainxng unlwid indrbtrdnras secured by this
<br />mortgage, ur hereby aasign,d to the Mortgattre, and shalt br paid forthwith to said MurtKager, to br
<br />appUrri un account of th<• I~t axxtus~;ng nratathnrnta ,.t such rndetitedn~•ss,
<br />l3. if the MuxtKagur fails to make any pagn[rnlu when due, ur to c:unturta to soil a~6lply wi{it arm
<br />of tM cwtditiow of agr~rwtts eeataitred in this mortgage, ar the aotas which it assures, tAsa tAe
<br />entire principal rttm and accrt~d intert+st shall at ottce boconte due and pryabt~, at the eleetioa of the
<br />'Muetgagce; anc~ thin rrortgag« Enaa„v thereupon be fur•eek>aed immedtatety tot the whale vt Ehe lndsbtext.
<br />heret•y aeclxrrd, tneluding thx cost of ®xtFnding ttM absttsCi vt title frcart the date of this mort-
<br />gage to the time of eonunetxiag such suit, a rearonabk attorney's tern, and any stxma paid by the Yrgraos
<br />Administration nn account of cite guarahgx or insurance ut the iadebtrdx[rss secured hereby, ell of which
<br />shay bs inclottoti in the decree of tameeiosare.
<br />1l. f+the ind~ sec[arwt herttly be guars-xtCesi nr ittaur~! ut-dCr Title 38, L'ait~i Stafres Cudr,
<br />sncit Tttie and i~egnLtlatu issued EhersutKkr and in eReet on the date hereof shall govern the rights, duties
<br />acrd liabiitties of the r~rties hereto, slut stay peovistena of this or other instruments executed in connretion
<br />with acid iadebtedritaa which r e iaconsistettt with said Tick or ttegnlstiana are hereby amended to
<br />Conform thereto.
<br />The Covensnte herein conained tthatt bxtxl, and the benefits and advantages shat) inur•e• to, t~,<•
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