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79~- p~2~ Said Mortgagor, i.^. order morn fully to prnrert the security of this mortgage, hereby covenants and agrees that they wiN pay monthly during the life of this mortgage, Co the Mortgagee on the first day of aat:h month until Che said principal amount and interest are fully paid, a sum equal to one twelfth i 7!t2th) of the known ar estimated yearly Coxes, assessments and premiums for such insurance as may lie required. The Mortgag'=e shalt hold such monthly payments without obligation to pay interest thereon, to pay such taxes, assessments and insurance Accumulation premiums when due. Mortgagor agrees that sufficient funds will be so accumulated for the payment of said for Taxes charges one month prior to the due date thereof and that they will furnish Mortgagee with proper statements and Insurance covering the same 15 days prior to the due dates thereof. In the event of foreclosure of the premises herein, or if the Mortgagee should take a deed in lieu of foreclosure, the amount so accumulated will be credited on account of the unpaid principal or interest. If the total of such monthly payments so made under this paragraph shall be insufficient to pay such taxes, assessments and insurance premiums when due, then said Mortgagor shall pay the amount necessary to make up the deficiency which payments shall be secured by this instrument. To the extent that all the provisions of this paragraph for such payment of taxes, assessments and insurance premiums to the Mortgagee are complied with, said Mortgagor shall be relieved of compliance with the covenants contained in the above two paragraphs as to the amounts paid only, but nothing contained in this paragraph shat! be construed as in any way limiting the rights of the Mortgagee at its option to pay any and all of said items when due. In the event of the passage after the date of this instrument by any law deducting from the value of the land for Brundage the purpos° of taxation any lien thereon, or providing or changing in any way the laws now in force for the taxa• Cdeuse lion of mortgages or debts secured thereby, for state or local purposes or the manner of the cotiection of any such taxes so as to affect the in terser of the R1oi tyayeu, tl:u .vnule win x:cu+eu uy this ,nsuumem with oust est thereon at the option of the Mortgagee shall immediately become due, payable and collectible without notice to any party. Mortgagor agrees to keep aFl buildings, fixtures, equipment and other improvements on said real estate in good repair and condition, and from time to time make all needful and proper replacements, so that sa~rt buldincp, fixtures, machinery and appurtenances will at alt times be in good condition, fit and proper for the respective nurnnc~S for which they were originally erected and installed, arxf, at the cast and expense o! the Ma=tgagor, to compty promptly with alt laws, ordinances, regulations or requirements of any department of the state or munidt:~ahty in which the mortgaged premises are situated affecting said premises provided, that by these pro cis+ons the Mortgagee does not consent or agree to any mechanics liens taking or having prroritY as against this Repair of rnartgage, and in case of failure of the hortgagor tc comply with this covenant, the Mortgagor does hereby Bunihngs authorize and empower the Mortgagee, at its option, to make a(I necessary repairs or alterations and improvements regtrired Yo aompiy w€th such laws, ordinances, regulations or requirements of the state w municipality, for Mortgagor's account. Ta demolish or remove no buildings therefrom without the written consent of the hlertgagee. To pay off and discharge alt prior liens or encumbrances and to keep said premises free and clear of Attorney's ail superior Irene and encumbrances. In the event of failure to do so, the Mortgagee may discharge such liens or Fees ertcumtxances and may defend against any litigation with any third early for the protection of the liens of this and Expetuas mortgage anal the lxeservation of said premises, incurring attorney's tees and other necessary expenses for the account of the Mortgagor. Right of Inspection The Mortgagor agrees that the Mortgagee shall have the right to inspect the premises at any time for any reason. Reimbursement Mortgagor agreestorepav the Mortgagee ail sums Raid by Mortgagee for then account far taxes, insurence, repairs, for Advances charges.required by taw to discharge wpenor liens or encumbrances, and expenses and attorney's fees incurred by to ProteeY reason of litigation far the protection of the lien of this mortgage and the preservation of said premises, on Property demand, vrith interest thereon tram date of payment at~}07s~Y3t7CiittYi!B!4,1 per annum and all such advances with interest, shall be additional tndebtcxiness ser;ureci by this mortyage 1 j ~F{C1VlDEp f tJH if!tft that in the event .~t _ieiauu ~n titer i~riorroatocc ui a+, v_ tit t G ,s a,~~ ;-.', .,. ^c this rrartgage an the par, o*` the h=~ortyagot, the ,"~ortgagee shad txa entitled Co the immediatct txjssession of~the premises above described, toyetiter with ail the runt, revenues arxi income to be derived therefrom, dnd saki Rants. (slUBS ivlat tyagee :nay, rr. its drscrc_`tian. ucu tfr.' rents sn far a- ! :±°~m§ neCd~a,'y fc.. rite purf3gs2 of ifiikiny repairs upwxxr acrd Profit! thcf preen+ses, and for the payments rf tnsur anus fxe ;urns, texas and arse=-srnenis upon said premises, and far nCCCSSary cxpensr;s knCU: red in rt'nttn,l sakl prent~ses and r~~ti;grfi[trl rt htS th eralrerr? arui to apply on seed crate and future advance aWeement, until the indebtedness secured ~s fully t'*,rd b,,r said Mortgagee sfrali in no ~ ba titlb 1 fat the failure to praCU r@ tenants, to Colicrci rBntS, or to ir~USeG~to aCtian4 to /eCOVer poSSesSiatt of said premises- 7t' It is expi essly understood ono agreed that the tai here to compty with arxt I)+'rtunn sash and ail of [~~ ~ rxiitians Defaults and stipulations hereinbalore set forth strictly and Irterally acconluty to the true intent thereof, time being of the essence thereof, shall cause the; Lull amc'runt hereby secured to 6ecamc• due anrf collectible of once, at the election of the holder of said Hato ancf the whole utdebtecirxss shalt beat interest at RrROCCt~3W0$II@71Gl~er annum from d-ate to which interest has peen pail, and this mortgage may themupan be foreclosed nnrnediatelY anti without any notice of such election to be given far the evhule amount of sdui money, +merest and costs, and for alt sums Acceleration yawl out fui taxes ancf assessments, insurance, hens, oncuntbran::es, re{)arcs end atherw.s+• aT pravtdect herein, wath interest thereon, which election m:ry be exorcised nnmedtataly, ur arty nine thraeai'ter anrf may be exercised Mortgagee's and the mortgage reinstated either at, before ar after loreciosure proceedings haver been rorni))enced: or Option Mortgagee may foreclose only as to the sums past due without ,n;ury to this mortgage ur the d~sytacement or unpairrttent of the lien thereof. Such option may be exercised 'and re-exercised without m any way impairing the rigffis of the f4hortgagee for the full exercise of such elections anti options and nothing shah bo. construed to be a Subsequent waiver of such right except nit express agrcrment to that effc~t.t .n tv~ itattl, duly exec~u fed ttv the ~,ulder of these Liens $ubject presents and tit the event swt ~s brought to foreclose this mortyage, r+arsunabie attumey's fee's shall be aHuwtxi as to Right by statute provrdacl, together with ail costs including the connnurtnun of abstracts and lodgment rendered there- to Extend for, and the same made on seeeral ar general execution as ether amounts secured hereby. That any person, firerri -- -- ar corporation taking or sr:curing a looter !tern by mortgage:, or otherwise upon the herein desc'rit)e(f real astute and premise=, shah take a 'secure the same subleck tit the rryftis of the Martgagee Herein to extend the rnetur~rxt of the! indebtedness hereby secured without obtaining the consent of ttt~ balder of said iunior hen ar bans arxt Eminent wifhput the lien of this mortgage losing its priarily over any such junior lien or liens. The Mortyagar further Domain covenants and agrees with the Mortgagee, its successors and assigns, as follows'. That in the event the mertgayad Renewals and premises or any part thereof, are taken under the power of eminent domain, the entire award shalt be paid to the Extension of Mortgagee anti applied first upon the principal last maturing hereunder, and the Mortgagee is hereby empowered, Obligations in the name of the Mortgagor ar assigns, to receive anti give acquittance for any such award or judgment, whether AIso.Seeured it be }oint or several Ali renewals and extensions of the obliyatians secured hereby shalt likewise be secured by these presents and this mortgage shaif be and remain in full force and effect and a continuing lien until the Satisfaction obligation so secured and all renewals and extensions thereof shaif have been paid in full, Upon payment and full and Release satisfaction of these presents, according to the terms hereof, a release or reconveyance shall be made and axe Spouses Bound cuted by the Mortgagee, at the expense of the Mortgagor. Spouses of the title holder have joined in the execution of this mortgage as a part of the consideration thereof and agree to be bound by all the covenants herein con Covenants Run tained. All of the foregoing stipulations and covena:~ts shall run with the land for the benefit of the Mortgagee, With land acid bind the Mortgagor, their heirs, exeeuiars and adrnmrstrators, grantees and assigns.