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79® ~6~)~3~.`7
<br />G. If he fails to pay' any stun or keep any cotenant provrcled for in this martgage, the blartgagee, at
<br />its option, may pay or perform the same, and all expenditures so made shall' be added to the principal sum
<br />owing an 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. L'pon request of the iviortgagee, Mortgagor shall execute and deliver a supplemental Hate or notes
<br />for the sum or sums advanced by Mortgagee for the alteration, modernization, or improvement mad€ at
<br />the Mortgagor's request; ar for maintenance of said premises, or for taxes or assessments against the
<br />same, and foI• any ether purpose elsewhere author}zed her•euuder. Said note ar notes sha}1 be secured
<br />hereby on a parity ;vith and as fully as if the advance evidenced thereby were inrladed in the note first
<br />described 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'Iortgagee and Mortgagor. failing to agree on the maturity, the whole of the sam
<br />or sums so ach•anced shall be due and payable thirty (30) days after demand by the 3ortgagee. In no
<br />event shall the maturity extend beyond the ultimate maturity of the note first described above.
<br />S. IIe hereby assigns, transfers and sets over to the Mortgagee, to be applied toward the payment of
<br />the nc.te and all sums secured hereby in case of a default in the performance of any of the terms and condi-
<br />tions of this mortgage or the said note, all the x•ents, 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 have power to appoint env agent or agents it may d€sire for the purpose of renting the, same and col-
<br />it:cting the rents, revenues and income, and it may pay out of said incomes all necessary commissions and
<br />expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance
<br />remaining, if eery, to be appfiecl toward the discharge of said mortgage indebtedness.
<br />9. Ile will contiuuousl>• maintain hazard insurance, of such type or types and amounts as Mortgagee
<br />may from time to tinu~ require, on the improvements now ar hereafter on said premises and exc€pt when
<br />payment for <,ll such premiums has theretofore been made under (a) of paragraph 2 hereof, will pay
<br />promptly when due any preruiur~9s therefor. Upon default. thereof, Mortga~;ce may pay the sam€. All
<br />insurance shall be carried in i?iaiiipanies approved by the ivii,rtgagee and the policies and renect•ais Thereof
<br />shall tre helri lay the Mortgagee and hav€ attached thereto loss payable clauses in favor of and in ftarm
<br />acceptable ttr the Mortgagee. In event of loss Mortgagor will give immediate notice by mail to the. Mort-
<br />gagee, ~vha may make pt•oaf of loss if not made promptly by Mortgagor, and each insuranc€ sampan}' con•
<br />cc°rned is Irel^eby autltorized antl directed to stake payment for such loss directly to the llartgagee instead
<br />of to the Mortgagor and the Dlat•tgagee jointly, and the insurance 1'rr•oceeds, or any part thereof,
<br />may be aplalietl by the Mortgagte at its option either to the reduction of the rndebtetln€ss h€I•Nrby sc~trttrt:d
<br />or• to the restoration or repair of the property damaged. In event of foreclosure of this mortgage, or ot--her
<br />transfer of title to the mortgaged property in extinguishment of the indebtedness secured hereby, all
<br />right, title and intertst of the Mortgagor in and to any insurance policies then in farce shai} pass to the
<br />purchaser or grantee.
<br />10. As additional anti collateral security fox• the payment of the note described, .end atll sums to 1>t~cume
<br />du€ and€r this martgage, the 11Iottgagor hereby assigns to the Mortgagc~tz ail lease bonuses, profits, re~•c*-
<br />nues, royaltr€s, rights, and other benefits accruing to the i4lortgagor under arty and all oil attd gas }eases
<br />ttc,'ty, ar dttrrng fire lift at this Inartgagc, executed on said premises. +rith late right t:o raceiv€ and t°€~~ceipt
<br />for the same ane,l apply them to said indebtedness as werll before as after de€autt in rho conditions of this
<br />martgage, rznd th~c ;Sirzz•tgsgt•.~ may demand, sue fort- and t•ecavcr any „+t#clr ptyntettta# tt}Iran due and Ley°-
<br />~t}ale, h,tt wi,a11 n!,}, h ?',.. tr ... ! :,,.~ tc_ Vii?. ~}~ ~ ';R *t.-'I,4 v titr terltti#tate art:'. }.L ::.#.x~ :C:}1 ,tnd Fr~id t, --
<br />• '~scs
<br />release of this nrot•trtage.
<br />~1, ,-' ~r nit ~_-,- -_it- .._p Iu?r•mit u_'~~_-; ~rli cIt 11 Itraittt-:irt th= ~.r~;,-.=t°t= #n tc3 l.:ti t'~r#icltiitrrt i¢s ~t
<br />pr€sent, reusanabie tcear au{i tear excepteri. Upon any faihtt•e to su maintain, Mortgagee, aC its option,
<br />may cause reasanab}e maintenance work to be pct•Pornred at the cost of Mortgagor. Any amuun44 paid
<br />therefor by Mortgal;c~ shah bear int€t•est at the rate' provided for in the. larincrpal indebtedness. shall
<br />thereupon become n part of the inrl€btedncss secured by this rostrum€nt, rxtably° and on a plxrity with all
<br />other indebtedness sceure•d hereby-, and shall be payable thirty { i0) days after dcmxuul.
<br />I8. IY the premises, nr any part thereof, tae cundz•mned under ttte patter of eruinent dt,rirarn, ar
<br />acquit€d for a public use, the damages au•artlcd, the proce,•ds for the taking of, or flee corrside~t•,rtian far
<br />auett acquisition, to thc~ extent of the frill amount of th€ rumairting unpaid indcbtedueas se(urerd by this
<br />rnortg,tge, or beet^by assrgne4 to the Murtgttgeo, and shall be paid forthtt ith to said Mortgakr~r, ttz 6e
<br />applied on account of the last ntaturirtg installments of such rndcbtrr}n€ss.
<br />Id. !f the Mortgagor Early to make ask 1>taym€nts .vht~r, due, or to ronfornt to and ctrrnply tivrth any
<br />of the conditions t,r agtc~me:nts canG3rned in this martgage, at• the notes tettich it s€cures, then the
<br />€ntiro principal sure and accrued interest shall at once beeorne due and pay'abh, at the election of tlt€
<br />:\'CortgaAee: and this martlra$e tnay° thc.reurrxnt be fut•t=t'insc~t{ intmedratuly fttr rho t:°holz o£ rt,E~ =r;dab:~d=
<br />Hess hcPabp sccux•ed, iztcludrng' the? rest ~?f extx~nx}ing the atk~teact of title from the= Rata of this mrxl°t-
<br />gage ttr t}xe trmc of conunencing sue•h suit, a reasonahlc attorney's tee, and any- sums paid by the ~'ct€rans
<br />Administratiotr on account of the guaranty ¢r Insuratrce ref the- rnda btedn€ss sea•ured ht•rcbv, ai} of tvhirh
<br />shall txz included in the dx~crc~ of fareclosur€.
<br />14. If'the indebtedness s€cux•ed her€by be guaranter~cl ot• insured trnciPr• 'Citl€ IIA, I?nite=d States Cody,
<br />such 'l,itle and Regulations issued thereunder and in €t~€ct on the date hereof shat} govern the rights, dull€s
<br />anti liabilities of the parties h€reta, and any provisions of this or other instruments executed in connection
<br />-with said indebtedness which are inconsistent with said Title ar Pegulatians ,are hereby antt:nded to
<br />conform thereto.
<br />Th€ covenants herein contained shall bind, and tixe benefits and advantages shall inure to, the
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