|
,��• ..fil-;:.ar ., . x . .;, �:. w. :�:y.. -"<gjgq�l�L�� .�r.:. :K+w�.,r�m., . :,i:.
<br /> . "7 ..fr..;�:_._
<br /> � .�e�,� • + . . �.. —
<br /> . :.� ..... . =,_.— ---
<br /> .. =r:_�ry�.` - . y _ -"-
<br /> . , r:; ,
<br /> .. ....•....v-- _ �.":;:,�:.
<br /> ' �' - — � --
<br /> ._ . _Ai��A1b�.YIW.�iC:Y/�r .4� __.... . - __.. . -
<br /> O�I' ♦ •
<br /> �`� ' ' ° an sum or keep any covansnt pr�o�ld�d For in thia mort�=.the Mort��a. at
<br /> _.-•;,. • � ' 6.If he/:he fails to pay Y
<br /> — `� � ' :a.. its option may pay or perform the aame,and all expenditurap co mado sh�ll be added to the prindpal sum o n�
<br /> '� � �I�,����• , on Ihe above note,ahaU be�ecured hereby.And�II beAr.intore+st umil p�id at tha rate provided ior In tbe p�in-
<br /> -- •4U..n. •;;, cipal ipdebtadness. �"�
<br /> ��.J:-• .
<br /> � � 7.Upon request of the MortQaQa, MortgwQor�hAll exaautp nnd deliver A supplemental note or nota for
<br /> �t�a �
<br /> _�, the aum or sum�advanced by MonQaga for tha altor�ttan�,madernirxtion, or improvement made�t the ort-
<br /> `° Qa�or'o request;or for maintenanco oi aaid premicas,at far tnxe�or assasments aQainst the wme,and for anY
<br /> �'�'••�'°.'°�� other purpose elsewhero authoriud hereunder.SRid nato ar not�shafl be secured hereby on s paritY with a�d
<br /> �A t � c—_ '
<br /> as fuQy es if cMe sdvance e�idenced thereby ware included in the nota first dacribed abave.Said suppl ble 1n
<br /> '� °,��� � note or notes shall bear interat at the rAte pravided tat!n the princip�l indebtedncss and shall be PaY -
<br /> .��— � pPATOximately equal monthlY psymenu for cuch perlMl a4 maY�o��up°n by the Mortga�ee stnd Mort�or. -
<br /> ° � 0 Fail�n4 to agra en the mAturity.tho wholo af tho sum ar suma so advanced shall be due end payable thirty(30)
<br /> • . C days efter d�mend by the Mort�ee.in aa avont•shall tho meturitY extand beyond the ultimate maturity of the �r
<br /> �j note Hrat described above. �'��a__ �
<br /> N S.He/she hercby assi�ns�trpnsforc and:ats ovcr to the Mortgtgee,to be applied�oWard the payment of - -
<br /> C� the note and�II aums secured hereby in c'�Ra af�a default in the performance of any of the terms and condidom
<br /> uf thic mort�age or the s�id note�ell tho ronts,revenues and income to be derived from che murt�aged premisea -
<br /> ' du�n�such time as the mortBago indebtednoss ahall remain unpatd;and the Mong�gK sh�11�Ye P�wer to ap- ___Y _
<br /> . , point any agent or agentc it mAy daslto!ar the purpose ef rendng the same and collecting the rents,revenues . � :-
<br /> � and incomc.and it mAy ps�y out af sai cntel4 theref omi�bc��ifO�o�p�iF��°��U°d toward t6e -
<br /> � . . _ �� mat�aBinB���e and of colloctin$
<br /> � diccbar�e of said mort�aBe indebtednas. _•�-,•�-.� T��.��_
<br /> 9.He/she wiU cootinuou:ly maintaln hazard inauranee, of such type or types and amouats aa Mortga�a _____
<br /> �r. ' :�, may from time to time require. on the Improvementa now or hereafter on seid premises and except when pay- , ��.���
<br /> � . . t for all sucb remiunu h�s theretofore baa made under(a/of para�raph 2 hereof,vv�ll pAy pr����� �.�,,�'A
<br /> � � men p
<br /> •�� ,,.�.'+��:.,., '
<br /> due any premlums therefor. Upoa dcfault thereof.Mortgagee may pay the same.�►11 insurance s ����.;,�y,,;;,
<br /> in compaaies approval by the Mortgagec�nd the policies and rencwala thereof shall be held by the Mortga8a ��y;:. :,,,,`: �.
<br /> � � and have attachod thereto loss payabte clauses ia favor of and in form acaptable to the Martgagea In event ..,•
<br /> � of loss Mortaagor wiA give immuliate nodce by mall to the MortQaaee,who may make proof of loss if aot ms�de
<br /> � . , promptly by Mortgagor.end each insurance company concerned is hereby suthorized and directed to mr�ke psY-
<br /> ment for auch loss directly to the Mortgaga iastead of to the Mortgagor and the Mortgaga jointly� and the '
<br /> - � fnseu�ence proceeds,�r any part thereof may be applied by the Mort�aaee at its option dther to the reduction `',�.'.
<br /> 'm '' � of the indebtcdness hereby secured or to the restoration or repair of the properiy�ia��a�ed•!n e�'e�i Of fQSeslos��r� ��'-
<br /> .,; :j .
<br /> �,••� � of this mortgage�or othsr transfer of tide to the mortgaged property in cxdnguistunent of the indebtedness secured _;i,.
<br /> . , hereby. ,��;: �
<br /> all ri�ht. title and interest of the Mort�a�or in and to any jnaurance pol�ciec then in force shaU pass ''''��,�v,� .
<br /> � , � to the purci�oser or�rantee• �'��'• • � '
<br /> �:; •.,.,,;,.,,.�:,
<br /> � ' 10. As additional and coUataral security for the payment of the note described, and all sums to become „.:,1,. .. ��,
<br /> �; .. � ;�:>r�,;.�;.
<br /> .,,,;;. due under this mortgage�the Mortgagor hereby asaigns to the Mortga�ee all lease bonuses. profits,revenues, �� ,.,;�;;��1,,; ,•,.__
<br /> ►r• ,<t
<br /> royalties�rights.and other benefits accruing to the MortQegor under any and all oil and gas leases now.or dur- i,�,y;;:.a,,..: _
<br /> .� � � ing the liie of this mortgage�exexuted on said premises. with the ri�ht to receive and receipt for the aame and �. .: -
<br /> :�'' .:�•'�::��.--"
<br /> �.� . . -'�,`•�� apply them to said indebtedness as well before as after default in the conditions of this mongage.snd the Mort- � . , ..-_-, rt. _
<br /> geQa may demand,sue for and recover any such payments when due and payable�but shall not be re4uiral �.,,,;� _ �
<br /> � � so to do.This asstgnment ia to terminate and become aull and void upon release of this mort�a�e. ' '
<br /> :,r;..,, i__
<br /> . •��r,�i'.,'�::.
<br /> '` ` 11. He/she shxll not commit or permit waste;and shall maintain the property in as good condition as at �.:: ,-,,
<br /> present.reasonable wear and tear exceptod.Upon any failure to so maintain,Mortgagee,at its option,may cause � .L�• �e;
<br /> � � ' r. An amounts paid therefor by Mort- {^ ' ��'�``
<br /> "� '' reasorutble m�ntenance work to be performed at the cost of MortgaBo Y •,;,;,,.
<br /> � gagee shell bear interest at the rate provided for in the principal indebtedness,shall thereupon become a part : w �.��-=
<br /> .; � of the indebtedness secured by this ins[rument,ratably and on a paritY with aU other indebtedness securod hereby. �� ���
<br /> '� " and ahall be paYAbie thirty(30y days after demand• � _�-•r>�
<br /> 12.If the premisea,or any pan thereof.be condemned under the power of eminent domain� or acquired :��.
<br /> for a public use.the damages awarded.the proceeds for che taking of.or the consideration for such acquisition, � ,
<br /> .,,, • to the extent of the full amount of the fo hwith to aaid Mo�gee,�to be applied on accou8 tgoi he las bmaturin� �
<br /> � ed to the Mortgagee,and shall be paid r
<br /> iostaUments of such indebtedness.
<br /> 13.If the Mortgagor fails to make any payments when due.or to conform to and comply with any of the
<br /> conditions or agreements contained in this mortgage.or the notes which it secures.then the entire principal sum • , . .
<br /> and necrued interest shall at once become due and paYable,at the election of the Mortgagee;and this mortsage
<br /> may thereupon be foreclosed immedjately for the whole of the indebtedness hereby secured,including the cost •
<br /> of extending the abstract of title from the date of this mongage to the time of commencing such suit.a reasonablc
<br /> attorney's fa,and any sums paid by the Veterans Administratfon on accoun�of the guaranty or insur�nce of
<br /> the indebtedness secured hereby, all of which shall be inciuded in the decree of foreclosure.
<br /> 14.If the indebtedness secured hereby be guaranteed or insured under Title 38. United States Code. such
<br /> Title and Regulations issued thereunder and in effect on the date hereof shall govern the ri8hts.duties and liabilities
<br /> _.._ ���M1�«�����:;�,l,,,,i,..,y�r��►isions of this or other instruments executed in connection with said indebtedness
<br /> " ` which are inconsistent with said Title or Regulations are hcreby arnended to conform �nerciv.
<br /> The covenants herein contained shall bind.and the bene�ts and advantages shall inure to, the respective
<br /> �
<br /> L i �
<br /> 7 � UfMC ft2SA•C 7/�/Itr �
<br />
|