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<br />79- ~tU45C?4
<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 pay or pet•form the same, and all expenditm•es sa made shalt be added to the principal sum
<br />o:ving on the above note, shall be secured hereby, and shall bear interest un±il 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 notes
<br />for the sum or sums advanced by Mortgagee for the alteration, modernization, or improvement made at
<br />the I4iot•tgagor's request; or for maintenance of said premises, or for taxes or assessments against the
<br />same, and for any o*.her purpose else:vhere authorized hereunder. Said note or notes shall be secured
<br />hereby on a parity n-ith and as fatly as if the advance evidenced thereby- :care included in the note first
<br />nscribed 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 \Iortgagea and Mortgagor. Failing to agree on the maturity, the :Thole of the sum
<br />or sums so advanced shall be due and payable thirty, (30) days after demand b>• the Mortgagee. In no
<br />event shall 'the maturity- extend beyond the ultimate maturity of the note first described abcve,
<br />8. He hereby assigns, transfers and sets over io the liortgagea, to be applied toward the payment of
<br />the note and al? sums secuted hereby- in case of a default in the performance of any of the terms and condi-
<br />tions of this mortgage et• the said note, ail 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 hate potter to appoint any agent or agents it may desire for the purpose of renting the same and col-
<br />let ting the :-eats, revenues and income. and it may pay out of said incomes all accessary commissions and
<br />exl>tnses incurred in renting and managing the same and of collecting rentals therefrom; the balance
<br />remaining, if any, to be applied tan std the discharge of said mortgage indebtedness.
<br />`~. Ile t•-ill =_•ontin~i,t,_ulr nzaiutair_ hazard insurance, of such type or ty tux and amounts as Mortgagee
<br />mar from time to time : egnire, or, the imptroremerts now ar hereafter on said premises and except when
<br />payment for all such pr+~miants has heretofore been made under (nl of paragraph ° hereof, full] pay
<br />pr;+mpt?y- :j-hen duz~ any- pttmiutru thereiar. Upon default thereof. Dinrigaget• may pay the same. _~II
<br />ittsuranca shall br carrit~d`I1f'2'tTmpanies approved by the Mortgagee and the policies and reneta•als there.nf
<br />snail Lta held br the ~inrtg'-A~gec atxl have a*_tached theret•~ loss payable clauses in fa:-ar of and in form
<br />acceptable to the yliartgag~• In event of Ions \iortgagor :rill giro immediate. notice by mail to the Mort-
<br />gagt•a. t-ha may- make pi~}of of izss if not made promptic by 3ortgagor, and eat^h insurance company con-
<br />certtad is Hereby suthorized and directed to make payment for such lass direeth- to the 3ortgagee instead
<br />~>f to the ~iertgagnr and the llcrtgag~ iointly, and the insurance l,r,xeecls, ar any part thereof,
<br />mar be ap^: _d be *.he i+iar*tgagze at its option either t ~ the reductian of the indcbtedn~_v het•eby secured
<br />or to the re•storatian or repair of the proixrty damaged. In event of foreclosure of ibis mortgage, or other
<br />ira:.sfer of title to the mt~rtgaged property in extinguishmen*. of the indr•btritncs; secured hereby, all
<br />right, title and interest of the Mortgagor in and to any insurance polici~^s th,•n in force shat] pav to the
<br />par.°haser or s*rantee.
<br />7t~. ~s additiarai and cr3latera3 security for the payment of the note desrril=c+i,:u:d all sums to Fxcome
<br />dnr- under this tni,rt~ age, th~~ Morfgagz~r herby assigns to the liortgabm~ all lease lh+nuses, profits, r~ve-
<br />nues, rovalties, rights, and other beneiiU accruing to the Mortgagor cnu'er any and sll oil and gas leases
<br />nevi-. or during the life ~, this mortgage, executed oft said pre-mixes, n ith the right to t~~caiva sad rtcaipt
<br />far the same ar.•d apply them to said indebtedness as well beiitre as after <:efautt in the ,.=:ditions of this
<br />m,~rtgage. and the 11,+~?g:tere may demand, sue far and re.:i,ver err such payn:t^.:t_s trhen flue and pay--
<br />ab';e, but shall not to r-equir~d su to do. This assignment is to terminate and L,a~ome null and void upan
<br />release of ihi> llu fxage.
<br />ii- He shill not c•cmntit or t>et_mit tcasie _ and shall main*_xin tl;e prink tt~ in as got~d cundiiion as aL
<br />p-resent, rrasorable ices- and tear esc~•pted. Upon am Saihtre to so maimain, ~iurtgagee, at its option,
<br />stay cause t~asonat_~i: rnaSntrt:at:ce work to t performeu at. the vest of 1!•.a-tgagur. .~nc amounts paid
<br />tlterefi,r b> Mur±g,,~.,Y snail Lamar inters-st at :he rat~• pru:tde3 f~~r ;r.:hc• ;i:r<ipal iudrbtednes., shall
<br />thereupon br2~rnc a fart of *.he irdehtedne~ sc~ur~ by this instruntrnt. raabis and »n a parity with all
<br />o+.her indehterlnev secured herrbr, and shall be payab}e titirty (SU i days sit,-r demand.
<br />3.2. if the nremi_~.-s. ter any- part thereof, bo irndenined under the Iwu~~r of rmirent domain. or
<br />acquired far a puL:lic use, t;t~, de_ntages awar.3~, the prn-e,~ds for tht ~:kmg of, ;,r the c~ntsirt~•ration for
<br />such flcquisit<an. r, the eatr~,*_ , . the lull aTnvunt of the remaining unpav3 indrbtrdne;_s secue-ed by this
<br />nr«rtgega. t,r hereby P.s.-igt:e,i t; the Mt,r?gagee, and shall Lie paid f+;rthtcith t.. s:,id Mortgagee, to ha
<br />applicv cm accaun_* „f tt,e lw:t ma*.uring irastrilmarts ~~f such indebtedness.
<br />18. If t±rr Mortgagor tail-, to make any pay-meru :Then due. or to c~.>nform t;, and oomph- H•ith any
<br />of the rcnditivns or agrremants eortain~i in t;,is mortgage. or the t. .~s ,t::ch it secures, then the
<br />anti*•e principal sum and aecnaed interest shall at once t~-ct+me due and payable, at the alectii,n of the
<br />'ai:=rtgagee; aad this tn.,rtgagr mar thereupon br forei~losed imtneidiately for the cchule of the irdebted-
<br />n.:,cc hereb}- secured, ioclading the c~,_. of extending the abstract of title fr,•m the date of this mart-
<br />gage to the time of commenting such suit, a reax~nabk attorney's fee, and anj~ sums paid by the S•eterans
<br />~dminist:•atian an atcY,unt of She guaranR- or insurance of the indebtrdr_ess u'turrd Iterebg, all of which
<br />shall be ir~luded in Lhc da^rze of farz<lovu*_•e.
<br />i•f. If the indebtedness secured heretay be guararttacd err ir:wred under Title ;;.R, United States Code,
<br />such Tile and Eegsrlations issued thereunder atad in et7ect on the mate herac,f shall got-ern the rights, duties
<br />and liabilities of ttse parties heretn, and any provisions of t?.is or other instruments =-;x+tcuted in connectian
<br />with said indebtedness which are inconsistettt with said fiitle or P.egulations are hereby amended to
<br />eoxt4'orm thereta.
<br />The eavenanis herein container shall bind, and the benefits and advantages shall inure to, the
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