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1. That he will pay the indebtedness, as hereinbefore provided. Privilege is reserved to pay the debt in whole,
or in an amount equal to one or more monthly payments on the principal that are next due on the note, on any
interest paying date prior to maturity.
2. That the Mortgagor will pay all ground rents, taxes, assessments, water rents and other governmental or
municipal charges, or other lawful charges and will promptly deliver the official receipts therefor to the said Mort-
gagee. In default thereof the Mortgagee may pay the same.
3. That nothing shall be done on or in connection with said property which may impair the Mortgagee's security
hereunder; the Mortgagor will commit, permit or suffer no waste, impairment or deterioration of said property nor
any part thereof, and said property shall be continuously maintained in good and sightly order, repair and condition
by the Mortgagor at his expense.
4. That he will keep the improvements now existing or hereinafter erected on the said premises, insured as
may be required from time to time by the Mortgagee against loss by fire and other hazards, casualties, and con-
tingencies in such amounts and for such periods as may be required by the Mortgagee and will pay promptly, when
due, any premiums on such insurance. All insurance shall be carried in companies approved by the Mortgagee and
the policies and renewals thereof shall be held by the Mortgagee and have attached thereto loss payable clauses in
favor of and in form acceptable to the Mortgagee. In event of loss he will give immediate notice by mail to the Mort-
gagee, who may make proof of loss if not made promptly by the Mortgagor, and each insurance company concerned
is hereby authorized and directed to make payment for such loss directly to the Mortgagee instead of to the Mort-
gagor and the Mortgagee, jointly, and the insurance proceeds, or any part thereof, may be applied by the Mortgagee
at its option either to the reduction of the indebtedness hereby secured or to the restoration or repair of the property
damaged. In event of foreclosure of this mortgage or other transfer of title to the said premises in extinguishment
of the indebtedness secured hereby, all right, title and interest of the Mortgagor in and to any insurance policies
then in force shall pass to the purchaser or grantee.
5. That in case the Mortgagor defaults in the payment of ground rents, if any, taxes, assessments, water,
or other governmental or municipal charges, or other lawful charges, as herein provided, the Mortgagee may without
notice or demand pay the same and in case of any failure on the part of the Mortgagor to comply with the covenants
of paragraph 3 hereof, the Mortgagee may effect such repairs as it may reasonably deem necessary to protect the
property, at the expense of the Mortgagor. The Mortgagor covenants and agrees to repay such sums so paid and
all expenses so incurred by the Mortgagee, with interest thereon from the date of payment, at the same rate as pro-
vided in the note herein described, and the same shall be a lien on the said premises and be secured by the said note
and by these presents and in default of making such repayments, the whole amount hereby secured, if not then due,
shall, if the said Mortgagee so elects, become due and payable forthwith, anything herein contained to the contrary
notwithstanding.
6. That in the event the property covered hereby is sold under foreclosure and the proceeds are insufficient
to pay the total indebtedness secured hereby, the Mortgagor binds himself to pay the unpaid balance, and the Mort-
gagee will be entitled to a deficiency judgment.
7. Upon occurrence, with respect to any Mortgagor, Assignee, maker, endorser or guarantor hereof, of any
of the following:
Calling of a meeting of creditors; application for, or appointment of, a receiver of any of them or their proper-
ty; filing of a voluntary or involuntary petition under any of the provisions of the Bankruptcy Act or amendments
thereto; issuance of a warrant or attachment; entry of a judgment; failure to pay, collect or remit any tax or tax
deficiency, Federal, State or local, when assessed or due; death dissolution; making, or sending notice of an intended
bulk sale; mortgage or pledge of any property; suspension or liquidation of their usual business; failure, after de-
mand, to furnish financial information or to permit inspection of any books or records; default in payment or per-
formance of this note or any other obligation to, or acquired in any manner by payee, or if the condition or affairs
of any of them shall change as in the opinion of the Mortgagee or other legal holder thereof, shall increase its credit
risk —this note and all other obligations, direct or contingent, of any maker or endorser hereof to payee shall become
due and payable immediately without notice or demand.
That in case default shall be made in the payment, when due, of the indebtedness hereby secured, or of any
installment thereof, or any part thereof, or in case of breach of any covenant or agreement herein contained, the
whole of the then indebtedness secured hereby, inclusive of principal, interest, arrearages, ground rents, if any taxes,
assessments, water charges, expenditures for repairs or maintenance, together with all other sums payable pursuant
to the provisions hereof; shall be come immediately due and payable, at the option of the Mortgagee, although the
period above limited for the payment thereof may not have expired, anything hereinbefore or in said Note contained
to the contrary notwithstanding, and any failure to exercise said option shall not constitute a waiver of the right
to exercise the same at any other time, and it shall be lawful for the Mortgagee to proceed to enforce the provisions
of this mortgage either by suit at law or in equity, as it may elect, or to foreclose this mortgage by advertisement
and sale of the above described premises, at public vendue, for cash, according to Wyoming statutes governing mort-
gage foreclosures, and cause to be executed and delivered to the purchaser or purchasers at any such sale a good
and sufficient deed or deeds of conveyance of the property so sold and to apply the net proceeds arising from such
sale first to the payment of the costs and expenses of such foreclosure and sale and in payment of all moneys expend-
ed or advanced by the Mortgagee pursuant to the provisions of paragraph 5 hereof, and then to the payment of
the balance due on account of the principal indebtedness secured hereby, together with interest thereon and the surplus,
if any, shall be paid by the Mortgagee on demand, to the Mortgagor. There shall be included in any or all such
proceedings, a reasonable attorney's fee. In case the Mortgagee shall fail promptly to foreclose upon the happening
of any default, it shall not thereby be prejudiced in its riglit of foreclosure at any time thereafter during which such
default shall continue and shall not be prejudiced in its foreclosure rights in case of further default or defaults.
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