<br />79-. C~D`~~.~~:i
<br />6. If he fails to pa}' an}' sum or keep any covenant provided for in this mortgage, the Mortgagee, at
<br />its option, mac pay or perform the same, and all expenditures so made shall be added to the principal sum
<br />owing on the above note, shall be secured hereby, and shall bear interest until paid a± the rate provided
<br />for in the principal indebtedness.
<br />i. i'pon request of fife Mortgagee, Mortgagor shad execute and deliver a supplemental note ot• notes
<br />fey the sum or scans adt'ar,ced by Mortgag.>e for the alteration, modernization, or improvement made at
<br />the Mortgagor's requests or for stain±cuance of said premises, or fits taxes ur asses_m?ents against the
<br />same, and for any other pm•pose elsetchere authorized 1?ereurtder. Said note or notes shall be secured
<br />I:er•ebc on a paritc ,,;?h and as fully as if the advance eriderced thereby were nmlu,ied in the note first
<br />described above. Lain supnie?scuts] noIe or notes shall gear irter,~st at the rate provided 'for in the prin-
<br />cipal indebtedness and sba',i L?e parable in approximate]}- equal monthly pacnunts i'or such period as ma}~
<br />be agreed upon by the \1ort~agee xud 14m-tgagcr. Failing to age,:~e on the maturity, t}ta ,whole of the sum
<br />t,r stur?s .~, a,lvancud sltail be due at:d }~yable thirty (s,Q) days after demand by the lim•tgagee. I^ no
<br />~•vent shays the ntatut•ity extend beyond the ultimate maturity of the note first described above.
<br />~. Ile ltercb}- assigns, transfers and sets Dyer to the Mortgagee, to be applied toward the narment of
<br />tl':e note at?d nll sours si>enr,~d hereby in ease of a default in tae performance of any ut the term, and condi-
<br />tions of this mortgag<- or the said note, all the rents, revemtes and income hi be derived from the mm-t-
<br />gaged premises dm-ing such time as the mortgage indeittedtress shall remain unpaid: and the Mortgagee
<br />shall have pacer to appoint stn- agent or agents it mar desire for the pm-pose of r,~uting the same and col-
<br />lecting ?he rents. r, v~>rurs :ird income, and it m<;~ pad ouT or sail ir.~o,nos alt r.~~cessary i•onvnissions and
<br />es}x~~rses incurred in renting and managing :he same and of roPcrting rentals therefrom; the balance
<br />. c?;airing. if :znc, to it:> ]t}-died totyard tl;e discharge ot• ::rid mortgage ind~~bt~><]ness.
<br />:~. He sill continu,:usl> maintain hazard insurance, of such type or types and amounts as Mortgagee
<br />r,-,-.n. * .- r., ±;,~,., ; on the imnr~cemenis now or hereafter un said premises attd exceut when
<br />:zymi•ni i~»• al] sr.~•h pr~4mium, has therotafi~re bi~~~r, made under {a) of pas.tgraph '? hert>of, twill pay
<br />pr_ttnatlce'hrm3ue:ar,} prrmiumstherefar. ttptutdafault there:~f, ~fortgag,>e ma~° pad- the same. ?tl
<br />.sur~at;r,> s};all b iarri_~d in ramr>anies approrcd Lie stye Mortgagee anti the p,~licies and renewals therett
<br />~~satl be~ l:idd by the \h~rtagee and bare attached thereto loss payable clauses in favor of and in form
<br />,2, cots;able t„ the \lw'tgagr~e. It; event of loe_, ~iorigagm• trill give immediate settee by mail to the Mm•t-
<br />~;agee.:.'hn mar make n;;,of of lass if not made prompt]}' b}• 1im•tgagat•, and each insurance company con-
<br />ic-rued is ht~reb~ authorSzi,i and dir~fed txi make payment far sash loss di~zectlc to the ~ivrt~;agee instead
<br />„i Io Tae 1lur'.raLOr• mul Ufa ~lurtgagee jointly, ass the insurance proceeds, ur am part thereof.
<br />nra',' Lv aphiied t>r tl?e'rlort,Tagee at its option either u, ti.e reduction of the in,i~~btedncss hereby secur~9
<br />.. .,, the r: storation ur r~ piste of the pr.,pc.rtr damsgc-,l. in event of foreelitsur~~ o; this n.i,rtgage, or other
<br />transfer .,` titi~~ io the a,t.~rt~;aged prolxrh' in extinguishment of ttte Sndeb?~•,in~ss secured beech}, all
<br />rigizt. title ar.d interest u, tii~ Mortgagor in and *.i, anc insurance policir~s th.-n n! ;ra-ce shall Hass to the
<br />n177 r1laScr t~Y ~I'&7?iee.
<br />Itt_ ~s ai?ditiunal and , nllatrrttl ;eruritr for the payment of tl.~> note dr_:,, i'.,,,_L u:,d all sums to become
<br />dui• under this mot•tg:~re, tl:.- ~ortgag:ar hereby assigns to the ~im•tgager alt '...as~~ twnuses, profits, recce
<br />nu._s, ro>'altiis, rights, :rid .~tlx•r ~t.elit_c accruing to flee Mort~ngc,t• urdt~r ;u;>' and all oil anti gas leases
<br />ni:w, .=r chtz'it;g ine it _ „i tt;is r.:ortvage, ezz-rutad on sz;;l ;remises, t,'=*_h ?ht~ rir_ht to re-wrier and receipt
<br />fo, t}!z- ~m~• an' anl~I}~ tlt~.»i tt, said 3ndrbtednt~ss as ,r,ll beforir ati a.t_r,erirailt in the cor.,L*.ions of this
<br />m„t-txagr, anal ilte 9lrrtg ga- may demand, sue for and ri^cover any such petym,~nt whan -tae and pay-
<br />aL:;r, but s;~atl nc,t h_° r zui-~..,i so t,~ de,. fihis~ssignment Is to tarminate and berot.ze nu13 and roil upon
<br />release of this mottgage.
<br />77. lie ;i:wi r?r,t i„ntmEt .,r ;>;•rnsit +. astc ; an i >.hall n~aint in th~~ pn,Ikt-t~ in xs g~,od condition as at
<br />present, rca~~rable w~~~ar :asst tear ,•xe~pted. L'I2 n ar,c failure to xi maintain„ A'ortgager, at its option,
<br />a?a~• eauze reasnna!,!,> !=sint~~r..tn.~e tcurk t,, br p~rf,~rme~3 a2 the rest t,f ~ir,rt};:!goy. an~• az?ounLe paid
<br />th,-r27nr L,y A4.~t-tl;a~ r _st:alt fw•u.• iat.~rrst at the rait• p=•s,vided far in th,~ ; ..!nil?at indrbtedna:cs, shall
<br />thr.reupvn i,:~: unm a l,r;rt of the ind~-bt,ednrss s,ti~ured ~r this instt~urn~>nt. ra?:~.blc .!,i ~,n a purify tsith all
<br />c+ther irde2ttedness srrund i.r:c~t+y, an,t s}fah be I+~yattlr thir±c l,,ttl dot's as't, r ,ii mtind.
<br />7,'. If the lo-t~mi~rs. ~ .~ any ItatR +_hrt«~f. tk r;.+ndrmt?,=d undx•r tlr~> pencrr of ~~miuen+_ domain, or
<br />a~yuir~vi fora ,ut;}ir u>~~, ~ lxn:;at.r_ at. r,t~t. tizr p,roctn,l: i; il.~ ta,. ~,~; .,f, ~ . ,t:, ~ ....;?~rxtion for
<br />Sllclr icyltt,t7+:n, :,~ tiff i•~,~-.., .r full a=x....a .z -. stir cs~1'.1..::,.,,i, _7nl~e:i - :r:i., _t~ .. ._ _ ut-i'd b\- this
<br />m>~rigage, or kereb. zits;gna,i i,~ ... Ta~i~~.rtgagz~. and s3 alt Le 1>_aid t',~rtla- itl: tr .r.id ,'linrtkagrr, to be
<br />appnt~d on acc{tuni u1 *_.,~ iLt rr~turing it:aailrr..•zts „ sttrh it:debtrdnrss.
<br />?S. If tae Mart~•;g,?r fasts to male ar,y pavm.aus lichen due, c?• tr> rcn;i.~rtt? ti. un,i oomph- tti ith anc
<br />~f :.kr .::P.c..;c'.._ :. ,;'c:.i;te.^.., :c~rtc.....z.... ... *,?t:.. .....rtga};r, ~. .l:r r;oa.. ',I:;ch .~ secures, thin the
<br />enure prise;psi sum and ai.n;rd in°.r~ 3tx°~ _.~„t?c~ brrome due and } arabio, at the election e,f the
<br />?1i:+rtgagz~: and slit.: x,rtgagr ma>° tl-eereulx,n 1rr f.,rrclo3rd imrnetiia[et;' for t'rtc• wh:,le ,~1' the indebted-
<br />ness kerrbti sriurrd, it,rtuding the r<a2 ,sf =-xtt~r,;±;rig tl:e abstract of title frrm the data of this nrort-
<br />gage w the tira~ of canrmencing such soil, a reasr,naLile attorney's fee, arts] an+ sums Avid he tha ~"cterans
<br />~dministrafivn an strr.unt of tke guaranty ur insut~at;ci• t,f the <ndebt,~,lnrsv >e,ui,~d hrr~~by, all of tyhieh
<br />shall tee inrludett ir, ;,}ae , crri of fnretlo~u!~.
<br />59. If tree indebtedness ~c-uresl bete-bj• be g~uaraat.K•d „r inslr<~tI under Title 3R, United States Code,
<br />sorb Tale and I:egulatiens is~ned therti•un.Ier anti in eiTect oat the elate keret,t shall govern the rights, duties
<br />rsnd 13at~ilities ~f tke parfie~ het•Ftx,, and an3- pr?,risirfns of 2l,is or other instruments executed in connection.
<br />K'iih said indcrt~dricsa ++"iiScl? are in~.nsistent with said Titlt~ or F2egulatious are hereby arnended to
<br />c:rnfuri;; ikeret;r.
<br />'I'hr rorenants herein ciantained shall #;ind, and the ltenelit; and advantages shall inure to, th,
<br />
<br />
|