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<br /> � ��"- �l (3096 �
<br /> G, If helails to pay any sum or keep any covenant pirovided for in this mortgage, the Mortgagee, at
<br /> ita option, may pay or perfw�m the same, and all expenditures so made shall be udded to the principal sum
<br /> owing on the above note, shall be aecured hereby, aud shail benr interest until paid ttt ths rate provided
<br /> for in the principal indebtednees.
<br /> 7: Upon requeat of the �fortgagee, Mortgagor shall execute and deliver u suppiemental note or notes
<br /> f' for the sum or aums advanced by Mortgngee for the alteration, modernization, or improvement mnde at
<br /> the Mortgtigor's requeat ; or for maintenance of said premiees, or for tasea or assessments against the
<br /> � ; same, and for any other. purpose elsewhere authorized hereunder. Said note or notes ehall be secured
<br /> , ' hereb}� on a parity «�ith and as fully as if the advance evidenced thereby were included in the note first
<br /> , described nbove. Said supplemental note or notes shall Uear interestat the rate provided for in the prin-
<br /> cipal indebtedness and shall be payuble in approximately equal month]y payments for such period as may
<br /> be agreed upon by the hlortgagee and Mortgagor. Failing to agree on the maturity, the whole of the sum
<br /> i oi• sums so advanced shall Ue dueand payable thirty (30 ) days after demand by tlie 11lortgagee. 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 Moi�tgagee, to be applied toward the payment of
<br /> r i the note and all sums secuced hereby in case of a default in the performance of any of the terms and condi-
<br /> � ; j timis 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 impaid ; and the :liortgagee
<br /> ! shal! have power to appoint any agent or agents it may desire for the purpose of renting tlie same and col-
<br /> � lecting the rents, revenues and income, and it may pay out of said incomes all necessnry commissions and
<br /> : j expenses incurred in renting and managing the same and of collecting rentals therefrom ; the balance
<br /> � � remaining, if any, to be applied toward the dischaige of said mortgage indebtedness.
<br /> � 9. He «�ill continuously maintain hazard insurance, of such type or types and amounts as ➢lortgagee -
<br /> ; may fi•om time to time renuire, on the improvements now or hereafter on szid premises and except �ehen
<br /> _ ' { payment for ail such premiums has theretofore been made under (a) of paragraph 2 hereof, «�ill pay
<br /> , . ; promptly when due any premiums therefor. Upon defauit thereof, ;�Sortgagee may pay the same. All
<br /> insurance shail be carried in companies approved by the Mortglgee nnd the policies 1nd rene�ti�als thereof
<br /> shall be held by the 11Tortgagee and have attached thereto loss payable clauses in fa��or of and in form
<br /> ' aeceptable to the ➢fortgagee. In event of loss ➢fortgagor will give immediate notice Uy mail to the Mort-
<br /> : ; gngee, �vho may make pi•oof of loss if not made promptly by Mortgagor, and eacli insui•ance canpany con-
<br /> cerned is hereby authorized und directed to make paynnent for such loss directly� to the Jiortgagee instead
<br /> i of to the Atortgagor and the ltortgagee jointly, and the insurance proceeds, or any part thereof,
<br /> ' may be applied Uy� 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 foreclosm•e of this mortgage, or other
<br /> ;.
<br /> ' ' ; transfer of title to the mortgaged property in extinguishment of the indebtedness secured hereby, all :
<br /> i right, title and interest of tlie 1liortgagor in and to any insurance policies then in force shal( pass to the
<br /> � purchaser or grantee. '
<br /> 10. As additional and colllteral security for the payment of the note described, aud all sums to 6ecome
<br /> due under this mortgage, the ➢Iortgagor hereby assigns to the .liortgagee all lease bonuses, profits, reve-
<br /> nues, royalties, rights, and other benefits accruing to the Mortgagor under any and all oif and gas leases !
<br /> `' no�ti•, or during tne life of this mortgage, executed on said premises, «�ith the rigltt to receive and receipt ;
<br /> for the same and apply� them to said indebtedness as «�ell Uefore as after default in the conditions of this ?
<br /> mortgage, and the Diortgagee may demand, sue for and recover any such pa�•ments «�hen due and pay-
<br /> � ' able, but shall not be required so to do. This assignment is to terminate and Uecome nuil and void upon
<br /> Y release of this mortgage.
<br /> 11. He shall not commit or permit waste ; and s1i111 maintain tlie propei•ty in as good condition as at
<br /> present, reasonable �cear and tear excepted. Upon any failure to so maintain, tlfortgagee, at its option,
<br /> ma}• cause reasonaUle maintenance work to be performed at the cost of ➢4ortg�gor. riny amounts paid
<br /> r > : tlierefor by Mortgagee shall bear interest at the rate provided for in the principal indebtedness, shnll
<br /> thereupon become a part of the indebtedness secured by this instrument, rataUly and on a parity ��•ith al(
<br /> other indebtedness secured hereUy, and shall be payable thirty (30) days ufter demand.
<br /> � ' 12. If the premises, or any part thereof, be condemned under the pon�er of eminent domain, or
<br /> acquired for a public use, the damages awarded, the proceeds for the taking 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 Mortgagee, and shall be paid forth«•ith to said 1ltortgagee, to be
<br /> applied on account of the last maturing instaliments of such indebtedness.
<br /> 13. If the liortgagor fails to make any payments when due, or to conform to and comply. with any
<br /> of the conditions or agreements contained in this mortgage, or the notes �rhich it secures, then the
<br /> entire principal sum and accrued interest shall at once become due and payable, at the election of the
<br /> \fortgagee ; and this mortgage may 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 such suit, a reasonable attorney's fee, and any sums paid by the Veterans
<br /> Administration on account of the guaranty or insurance of the indebtedness secured hereby, all of �shich
<br /> shall be included in the decree of foredosure.
<br /> 14. If the indebtedness secured hereby be guaranteed or insured under Title 38, United States Codc, '"`� � � ''.�
<br /> such Title and Pegulations issued thereunder and in ef£ect on the date hereof shall go��eru the rights, duties N .
<br /> and liabilities of the parties hereto, and any provisions of this oc other instruments executed in connection �
<br /> �; with said indebtedness which are inconsistent with suid Title or Regulations are hei•eUy amended to �
<br /> conform thereto. n . :`'.
<br /> The covenants herein wntained shall bind, and the benefits and advantages shall inure to, the i�
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