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<br /> U C71
<br /> & I£ he fails to pay any sum or keep any cavenant provided for in this mortgage, the Mortgagee, at
<br /> zts option, may pay or perform the same, and all expenditures so made shall be added to ihe principal sum _
<br /> o��ing on the above note, shall be secured hereby, aa�d shall bear intzrest until paid at the rate provided
<br /> for in the principai indebtedness.
<br /> 7. Ugon request of the 341ortgagee, Nlortgagar shali execute and deiiver a supplementai note or notes
<br /> � for the sum or sums ad��anced by Mortgagee far the alteration, modernization, or improvement made at
<br /> the Mortgagor's request ; or for maintenance of said pretnises, or far taxes or assessment5 againat the
<br /> same; and for- any, other purpose elsewhere authorized hereunder. Said note or notes shall be secured
<br /> ' hereby on a parit3� �vith and as fully as if the advance evidenced thereby �i•ere inciude� in the note first
<br /> described above. Said supplemental not� or notea ahali bear interest at the rate p3�ovidad for in the prin-
<br /> cipai indebtedness and shall be payable in approximately equal monthly pay�ments for such period as maS
<br /> be agreed upomby the Mortgagee and Mortgagor. Failing ta agree on the maturity, the �ti•hoIe of the sum
<br /> or suma so advanced shall be due and paymble thirty (3Q) days after demand by the :tiiortgagee. In no
<br /> ecent shall the maturity extend beyond the ultimate maturity of the note first described nbove.
<br /> � 8. Fie hereby assigns, tz•ans£ers and sets over to the Mortgagee, to be applied toGvard the paymen£ of
<br /> the nobe and a41 sums secured here'�y in case of a default in the performance of an�= of the terms and condi-
<br /> tions of this mortgage or the said note, ali the rents, revenues and income io be derived from the mort-
<br /> gaged premises during such time as the rrzortgage indebtedness shall remain unpaid ; �nd the �Zortgagee
<br /> shall have po�ver ta appoint an,y agent or agents it ma,y desire for the purpose of renting ihe s�rne and coi-
<br /> lecting the rents, revenues and income, and it maY gay ont of said incomes ali necessary commiasions and
<br /> � expenses incurred in renting and managing the same and of coilecting rentals therefrom ; the balance
<br /> remaining, if any, to be applied toward the discharge of said mortgage indel�tedness.
<br /> 9. fYe wili continiiously maintain hazard insurance, of such type or ty�ses and amounts as Mortgagee
<br /> xnay from time to time require, on the improvernents no�v or hereaftex• on said px•emises and except �vhen
<br /> payment for all sueh pi•emiurns has theretofore beerE anade under (a ) of pan�agi•aph 2 hereof, «•ill pay
<br /> promptly when due any preniiums tlierefor. Upon defauit thereof, TSort�ag'ee may Pay the same. All
<br /> insurance shall be cax•ried in companies approved by the Mortgagee and the policies and re�eu-als thereof
<br /> s}iail be held bg the bSortgagee and have attached thereto loss p�yable ciauses in fa�•oz� of and in form
<br /> acceptable to the 3'fortgagee. In event of loss ?�Tortgagor �vill give immediate notice by maii to the Mort-
<br /> gagee, «�ho may make proof oi loss if not made promptiy by Mortgagox-, and each insurance company con-
<br /> cerned is hereby authorized and directec3 to make payment for such loss directiy to the �1Iortgagee instead
<br /> of to the iLSortgagor and the 'LIortgagee jointly, and the insurance px•oceeds, or any part thereof,
<br /> may be appiied by 'the Morigagee at its option either io the reduction of the indebtedness hereby secured
<br /> or to the restoration or repair of ihe property damaged. In event of foreclosui•e of this mortgage, or other
<br /> transfer of title to t1Ye mortgaged property in estinguishment of the indebtedness secured hereby, all
<br /> �; right, titte and interest of the b�ortgagor in and to any insurance policies then in force shall pass to the
<br /> purchaser or grantee.
<br /> 10. As additional and collateral security for the payment o£ the note described, nnci all sums to beco�ne
<br /> due under this mortgage, the DZortgagor hereby assigns to the ?�lortgagee all lease bonuses , profits, x-eve-
<br /> ` ; nixes, royalties, rights, and other benefits accruing to the 1lZortga�or under any and atI oil and gas leases
<br /> no��•, or during tne life o' zhis moi-tgage, executed ou said premises, ��-ith the right to recei�•e and receipt
<br /> ` for the same and apple them to said in@ebtedness as �i•ell before as after defauit in the conditions of this
<br /> mox'tgage, and the Dloi•tgagee may demand, sue for and recover any such pa��ments �i-hen due and pay-
<br /> able, but sha13 not be required so to do. This assignment is to terminate and become null and void upon
<br /> release of this mortgage.
<br /> Il. He shail noi eommit or permit �saste ; and shall maintain the property in as go�d condition as ai
<br /> present, reasonable «�ear and iear excepted. Upon any failure to so maintain, 31ort�agee, at its option,
<br /> may cause i•easona4�Ie maintenance «�ork ta be performed at the cost of :�Lortgagor. �ny amounts paid
<br /> ttierefor by Mortga#�ee shall bear interest at the rate provided for in ihe pz•incipal indebtedness, shall
<br /> thereupon become a part of the indebtedness secured by this instrument, ratably aiid on a parit5• �c�ith all
<br /> other indebtedness secured hereby, and shall be payable thirty (30 ) days after demand.
<br /> 12. Ef ihe gremises, ar any part tnereof, be condemned L:nder the po�aer of erninent domain, or
<br /> acquired for a pubiic use, the daniages awarded, the proceeds for the talcing of, or the consideration for
<br /> such acquisition, to the extent of the full a.:.cu :.t of the rems: ::in� u.^.pa:� in�ehtPdness �ecua•P�1 6y this
<br /> mortgage, or hereb�- assigned to the Mortgagee, and shall be paid forth�ti•ith to said hiortgagee, to be �
<br /> applied on account af the last maturing instaliments of such indebtedness.
<br /> 13. ff the :M1iortgagor faits to maka anY puy'ments when due, or to confoim to and compiy with any
<br /> of the conditzons or agreements contained in this mortgage, or the notes x•nich it secures, then the
<br /> entire prancipal sum and aecrued interest sha12 at once became due and pa3-able, ai the election of the
<br /> :�iortgagee ; and Lliis mortgage may theree��on i�e foreclosed immediatelc zor the wh<31e ai Lhe indebted-
<br /> � IIQSS t1EYf'�J}' 3�CUTl''(l. 111(;ILtillilj�T S:11ti lU�L Ui t'a�ti1�1116 ttlt? uu�i:lai:i, �ii i: .4.:2 r� '+++ :l:�C '� '«:C 0� f}:=S ::: 0=��' .
<br /> gage to the time of commencing suchsuit, a reasan�bie attorney:'s fee, and asi�� sumspaid by the Veterans
<br /> Administraiion on accourat af �'.:e guarant,y or insurance of the indebtedness secured `nci•eiiy, ali of :�-�i:.::
<br /> shall be included in the decree of foreclosure.
<br /> 14 . If the indebtedness r�ecured hereby be guaranteed or insuT•ed under Title 38, L?nited States Code, ' " ; � < "��:
<br /> ssrch Titie and Reguiations issued thereundex• and in eitect on the date hereof shall guvern tne riglits, duties �+r a��
<br /> ;, 1 and 3iabi3ities of the parties hereto, and an,v Provisions of this cer otiier instrulnetita executed iia connection � ,
<br /> 1� �vith said indebtednass which are inconsi�tent with said Titie or Regulations are hereby zunended to
<br /> ,.:, ' conform thereta. �'"•�' � ""L�
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