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<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 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 at the rate provided
<br />for in the principal indebtedness.
<br />i. li pon request of the Mortgagee, Mortgagor shall exrxute 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 Mortgagor's request; or for maintenance of said premises, or for taxes or assessments against the
<br />same, and for any other purpose elsewhere authorized hereunder. Said note or notes shall be secured
<br />hereby on a parity with and as fully as if the advance evidenced thereby were included in the torte 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 Mortgagee and Mortgagor. Failing to agree on the maturity, the whole of the stun
<br />or sums so advanced shall be clue and payable thirty (30) days after demand by the Mortgagee. In no
<br />event shall the maturity extend beyond the ultimate maturity of the note first described above.
<br />8. He hereby assigns, transfers and sets over to the Mortgagee, to be applied toward the payment of
<br />the note and all sums secured hereby in case of a default in the performance of any of the Lerms and condi-
<br />tions of this mortgage or the said note, all 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 have power to appoint any agent or agents it may desire for the purpose of renting the same and col-
<br />lecting 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 any-, to be applied toward the discharge of said mortgage indebtedness.
<br />9. lie will continuously maintain hazard insurance, of such type or types and amounts as Mortgagee
<br />may from time to time rewire, on the improvements now or hereafter on said premises and except when
<br />payment for all such premiums has theretofore been made under (a) of paragraph `L hereof, will pay
<br />promptly when due am• premiums therefor. Upon default thereof, Mortgagee may pay the same. All
<br />insurance shall be carried in companies approved by theliortgagee and the policies and renewals thereof
<br />shall be held by the Mortgagee and have attached thereto loss payable clauses in favor of and in form
<br />acceptable to the Sortgagee. In event of loss Mortgagor will give immediate notice by mail to the Mort-
<br />gagee, a'ho may- make proof of loss if not made promptly by Mortgagor, and each insurance company con-
<br />cerned is hereby authorized and directed to make payment for such loss directly to the Mortgagee instead
<br />of to the lortgagor and the 1ortgagee jointly, and the insurance proceeds, or any part thereof,
<br />ma±- be applied by the Mortgagee at its option either to the reduction of the indebtedness hereby secured
<br />or to the restoration or repair of :Ile property damaged. In event of foreclosure of this mortgage, or other
<br />tt•ansfrr of title to the mortgaged property in extinguishment of the indebtedness secured hereby, ail
<br />right, title and interest of the Mortgagor in and to any insurance policies then in force shall pass to the
<br />purchaser ur grantee.
<br />10. As additional and collatrt•al security Cur the payment of the note described, and all sums to lx~eome
<br />due under this mortgage, the Mortgagor hereby assigns to the \fortgager aft lease bonuses, profits, reve~
<br />noes, royalties, rights, and ether boneftts accruing to ±he ortgagor under any and a[1 oil and gas leases
<br />Holy, or during the life cal' this mortgage, executed un .said premises, with the right to receive and rec•~=ipt
<br />for the same and apply them to said indebtedness as well brfot•e as after default iu the conditions of this
<br />mortgage, and the Mortgagee auty demand, sue for and recover auy such payments tt•hen due and pav-
<br />ablr, but shall not be rc~µtirod so to do. This assignment is to terminate and become null and void upcm
<br />release of ibis mortgage.
<br />il. He shall nut commit ~n• pet•mit waste; and shall taintain the property in us gtwd condition as aL
<br />present, reasonable trcar and tear oscepted. ['pun xuy faihn•e to so maintain, Mortgagee, xt its option,
<br />may cause reasonable nutiu[enunce work to be perforated ut the cost of Mortgagor. .-buy amounts paid
<br />ttirrrfur by 11Aurtgttoee shall bear interest at the rate provided for in the principal indebtedness, shall
<br />thrreupwt become a pau•f ul' the indebtedness secured by this instrument, ratably :unl un a purity wdh all
<br />other indebtedness secured hrrrby, and shall be payable thirty (;t0) days after demand.
<br />1'L. If the premises, nr auy part thereuP, bo coudemnrd under the potscr of ,•miuont domain, or
<br />acquired fur a public use, the damages awarded, the proceeds fur Uto taking of, ..r the consideration for
<br />sorb acquisition, to the c•ctont of the full untuunt of the remaining unpaid imlobtrdness secured by this
<br />mortgage, or hereby assigned to the Murtgagtre, sad shall 6e paid forthtt~ith to said ~iurtgagee, [o Ix~
<br />applied un xccuunt ui the last maturing installments uC such indebtedness.
<br />13. If the .liortgagur faits to make any pttyxncaits tvheu duo, or ar roni~n~m tu:uu! contl,dy with xny
<br />of Ube conditions or agrermeuts ewNUinrd iu this mortgage, ur the Hates trhich it secures, fheat the
<br />entire principal stun +unl accrued interest shall :tt save breante due and pay:tbl~•, xt the election ul' Rut
<br />Mortgagee; and this mortgage may thereupon br foreclosed immediately for the whole of IYk• indebted-
<br />ness hereby src:u•ed, iu<luding the cult ul extending the absh•ac•t of title fr~nu the date of this mort-
<br />gage to the Limn of comntenuing such quit, a reasonable attorney's for, and :my .ems patd by the ~'rlrr:uts
<br />Administratiuu ou aec~euut oC the guaranty ur iusut•auce of the indebtedn~•as :.~•~ ured hcr,•by, :tll of whtch
<br />shall be included in the decree of foreclosure.
<br />14, If the indebtedness secm•ed hereby tx guarauleed ~rc insured unlcr 'Iitle ;5~, I Intted States ('ode,
<br />such Title and Regulations issued thereunder and in rtfe.a ou th,~ dale 1«•rrof 4ha11 gocrru tho' rtghts, dufiea
<br />and liabilities of the parties hereto, and :ut,~ provisions of thts ..r utttrr msU untents ex~lvttc-~i m ~,mnrh«m
<br />Hith said indebtedness which are incunsistenC with said Title ar I:rguhtttons arcs hereby nnend«d to
<br />cunforw thw•eto.
<br />Cho ts,awtants herein contained shall bind. anci Ute lxmnetlta ant advantages .ckaali :Harr to, t
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