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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 /> ite option, may pay or perfoim the same, and all expenditui�es so made ahall be added to the principal aum
<br /> owing on the above note, shnll' be secured hereby, and shall bear interest until paid at the rate provided
<br /> for in the principnl indebtednesa.
<br /> 7. Upon requeat of the Mortgagee, Mortgngor shall execute and deliver a supplemental note or notes
<br /> , �,. for the sum or aums ad��anced 6y Mortgagee for the alteration, modernization, or improvement made at
<br /> the ➢iortgagor's request ; or for maintenance oF said premises, or for taxes or assessmente against the
<br /> i snme, and for-any other purpose elsewhere authorized hereunder. Said note or notes shail be aecured
<br /> i hereby on a parityas�ith and as fully as if the advance evidenced thereby were included in the note first
<br /> Y described above. Said supplementnl note or notes shall benr interest ut the rate pi•ovided x"or in the prin-
<br /> '. i cipaI indebtedneas and shall be puyable in upproximately equal monthly payments for such period as may -
<br /> % Ue agreed upon by the 111ortgagee and Mortgagor. Failing to agree on the maturity�, the whole of the sum
<br /> � � or sums so advanced shall be due and payable thirty (30) days after demand by the 1lfortgagee. In no
<br /> i event shall the maturity extend beyond the ultimate maturity of the note first described above,
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<br /> � ; ' 8. He hereby assigns, transfers and sets over to the Mortgagee, to be applied to�vard the payment of
<br /> � the note and all aums secured hereby in case of a default in the performance of any of tlie terms und condi-
<br /> - tions of this mortgage or the said note, all the rents, revenues and income to be derived from the mor�
<br /> ! gaged premisea during such time as the mortgage indebtedness shall remain wipaid ; and the D4ortgagee
<br /> sh111 have po�ti�er to appoint any agent or agents it may desire for the purpose of renting the saine and col-
<br /> lecting the renta, revenues and income, And it may pay out of said incomes sll r.ecessar� commissions and
<br /> fexpenses incurred in reuting and managing the same and of collecting rentals therefrom ; the balance
<br /> remaining, if any, to be applied to�vard the discharge of suid mortgage indebtedness.
<br /> 9. He wiU continuously maintain hazard insurance, of such type or types and amounts as Mortgagee
<br /> _ ; may from time to time require, on the improvements now or hereafter on said premises and except when
<br /> payment for all such pi•emiums has theretofore been made under (a.) of paragi•aph 2 hereof, �sill . pay
<br /> l promptly when due any premiums therefor. , Upon default thereof, Mortgagee m1y pay the same. 9ll
<br /> i - insurance shall be carried in companies approved by the 11Zortgagee and the policies and renewals thereof '
<br /> � shall be held by the \fortgagee and hnve attached thereto loss payuble clauses in favor of and in form
<br /> ` acceptAble to the 1lfortgagee. In event of loss Mortgagor will give immediate notice by mai! to the Mort-
<br /> ` gagee, ��•ho may make proof of loss if not made promptly by Mortgagor, and each insurance company con-
<br /> j ' cerned is hereby authorized and directed to make payment for such loss directly to the nfortgagee instead
<br /> ` of to the 1lortgagor nnd the niortgagee jointly, and the insurance proceeds, or nny part thereof,
<br /> t may 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 the property damaged. In event of foreclosure of this mortgage, or other '
<br /> ; transfer of title to the mortgnged property in extinguishinent of the indebtedness secured hereby, all
<br /> right, title and interest of the 1lfortgagor in and to flny insurance policies then in force shall pass to the ,
<br /> i purchaser or grnntee.
<br /> � 10. As ndditional and collaterAl security for the payment of the note described, and all sums to become
<br /> ? due under this mortgage, the 1liortgagor hereby assigns to the nfortgagee all lease bonuses, profits, reee-
<br /> ' � nues, royalties, rights, and other benefits accruing to the Mort�agor under any and ali oil and gas leases 4
<br /> � no�v, or during the life of this mortgage, executed on said premises, �rith the right to receive and receipt �
<br /> i ' for the same and applv tliem to said indebtedness as well before as after default in the conditions of this 4
<br /> '' ' ' mortgage, and the \Iortgagee may demand, sue for and recover any such payments �vhen due and pay- %
<br /> ' able, but shall not be required so to do. This assignment is to terminate and become null and void upon
<br /> ' release of this mortgage.
<br /> 11. He shall not commit or permit «�aste ; and shall maintain the property in as good condition ns nt
<br /> ': i present, reasonable �sear and tear excepted. Upon any failure to so maintain, biortgagee, at its option,
<br /> � � may cause reasonable maintenance �sork to be performed at the cost of Mortgagor. Any amounts paid
<br /> ', � therefor by Mortgagee shall bear interest at the rate provided for iit the principal indebtedness, shall
<br /> thereupon become a pai$ of the indebtedness secured by this instrument, ratably and ott a pnrity «•ith all
<br /> ? '. '; other indebtedness secured hereby, and shail be payable thirty (30) days after demand.
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<br /> . � 12. If the premises, or any part thereof, be condemned under the po��•er of eminent domain, or
<br /> , ; i tzcquired for a pubiic use, the damages awarded, the proceeds for the talcing of, or the consideration for
<br /> such acquisition, to the extent of the full amount of the remaining unpaid indebtedness secured by this
<br /> mortgage, or hereby assigned to the bfortgugee, and shall be paid forth�t•ith to said ➢iortgagee, to be
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<br /> '' $ applied on account of the last maturing installments of such indebtedness.
<br /> " ' ; 13. If the `fortgagor fails to make anv payments when due, or to conform to and comply with uny
<br /> � of the conditions or agreements contained in this mortgage, or the notes «�hich it secures, then the
<br /> ' j entire principal aum and accrued interest shall at once become due and plyable, at the election of the
<br /> \fortgagee ; and this mortgage muy thereupon be foreclosed immediately for the «�hole of the indebted-
<br /> � ' ness hereby secured, including the cost of extending the abstract of title from the date of this mort-
<br /> " gage to the time of commencing auch auit, a reasonable attorney's fee, nnd ai�y sums paid by the Veterans
<br /> Administration on account of the guaranty or insurance of the indeUtedness secured hereby, all of �chich
<br />'�' � shall be included in the decree of foreclosure. '
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<br /> ; 14. If the indebtedness secured hereby be guaranteed or insured undei• Title 38, United States Code, ^`' ' r � �
<br /> ` such Title and Regulations issued thereunder and in effect on the date hereof shall go�•ern the rights, duties N ' ''
<br /> � and liabilities of the parties hereto, and any provisions of this or other instruments executed in connection � a . "`�
<br /> , { with said indebtedneas which are inconsistent with said Title or Regulations are liereby amended to ;q,
<br /> ; , conform thereto, j: �.>
<br /> The covenants herein contained shall bind, and the benefits and udvantages shnll i6ure to, the u? ,
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