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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 pa�r or perfoi•m the same, and all expenditures so made shall be added to the principal sum
<br /> ov�ring 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 /> ' 7. Upon request of the Mortgar�ee, Mortgagor shall esecute and deliver a supplemental note or notes �
<br /> � for the sum or sums advanced by Mortgagee for the alteration, modernization, or improvement maae at
<br /> s the Mortgagor's i•equest ; or for maintenance of said premises, or fox• taxes or assessments against the '
<br /> same,` and for any other purpose elsewhere authorized hereunder. Said n�te or notes shall be secured °
<br /> t herek�y on a parity tivith and as Fully as if the advance evidenced thereby- were included in the note first
<br /> = desci•ibed auove. Said supplementaI note or notes shall bear interest at the"rate provided for in the prin- � '
<br /> , � cipal indebtedness and shall be payable in approximately eqLial monthly payments for such period asmay
<br /> be agreed upon by the 14lortgagee and Mortgagor. Failing to agre@ on the maturity, the whole of the sum
<br /> ox� sutns so advanceci sha11 be due and payable thirty (30) days aftez• demand by the Mortgagee. In no ,.
<br /> �' eveut shall ,the uiatux•ity extend beyond the ultimate maturity of the note first desci•ibed above.
<br /> j 8. He hereby assigns, transfers and sets over to the Mortgagee, to be applied toward the paymentof i
<br /> ' the note and all sums secured hereby in case of a default in the performance of any vf the terms and concli-
<br /> � tions of this rnortgabe az� the said note, all the rents, revenues and income to be derived fxrom the mort- i
<br /> � gaged premises c3uring such time as the mortgage indebtedness shall remairf unpaid ; and the Mortgagee ;
<br /> ' shali have power to appoint anv agent or agents it may desire for the pur�ose of renting the same and co]- ; '
<br /> 4 leyting tlie rents, revenues and income, and it may pay out of said incomes all necessary commissions and
<br /> t eapenses incurred in renCin� and managing the same and of collecting rentals thei•efrom ; the Ualance
<br /> ' remaining, if any, to be 2pplied to���ard the discharge of said mortgage indebtedr�ess. t
<br /> ' 9. He tivill contixwously maintain hazard insw•ance, of such type or types and amounts as :VIortgagee ^ "
<br /> g may from time to ti�ne require, oxi tlie improvements now or hereafter on said pz�emises and except �vhen
<br /> s' payment for all such premiums has theretofoi•e been made under (a) of paragraph 2 hereof, �vill pay r
<br /> promptly tvhen �ue anY pi•cruiLmis ttie2•efor. Upon defau]t thereof, Mortgagee may pay the same. All
<br /> s insurance shall be carried in companies approved by the Mortgagee and the policies and renewals thereof
<br /> shall be held by the l�Zoi•i.gagee, and have attached thereto loss payable clauses iii favor of and in form
<br /> � aceeptable to the Mortgagee. In event of loss Mortgagor will give immediate notice by inail to the Mort-
<br /> gagee, �crho may mai;e proof uf ]oss if not made promptly by Mortgagor, and each insurance company cari• r
<br /> � cerned is hereUy authorized and directed to make payment for such loss directly to the Mot•tgagee instead R
<br /> � of to tlie NIortga�or and the biortgagee jointly, and the insurance proceeds, or any part thereaf, f
<br /> may be app]iecl by the Moz�tbagee at its option either to the reduction of the iudeUtedness hereby secui•ed �
<br /> or to the restoration or repair of the property damaqed. In event of foreclosure of this niortgage, or other ;;'
<br /> ; trarisfer o1' titie to the mortgaged property in extinguishment of the indebtedness secuxed hereby�, all r;
<br /> i ri�;-ht, title aiid ii�terest of the Mortgagor in and to any insurance policies theti in foree sha31 pass to the i
<br /> � pui•chaser or gi�antee. ;'
<br /> `n 10. As additional and collateral secw�ity for the payment of the note deseriued, auld all sums to become
<br /> due under this mortgag•e, the Moi•tgagor hereby assigns to the hlortg-ngee all ]ease bonuses, profiYs, reve-
<br /> nues, royalties, l•ights, and othei• benefits accruing to the Mortgagor under any= and all oil and �as leases
<br /> +. no��^, or dui•iirg tne life of this mortgage, esecuted on said preinises, ���ith the L•ight to z•eceive ancl i•eceipt
<br /> „ fox• khe sa�ne and apply them to said indebteclness as well before as after default in #he conditions of this
<br /> ? moi�tgage, and the n�iortgagee may demand, sue for and recover any such paymcnts when due and pay-
<br /> ` `� ablc, but shall not be required so to do. This assignment is to termivate aud become null and void upon �
<br /> � rel.ease of this mortgage.
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<br /> ; 11 . He shall not commit or permit ��aste ; and shall maintain the pi•operty in as �;ood cunditiou as at
<br /> present, reasonable �rear and tear excepted. Upon any failure to so maintai�i, Moi•tgagee, at its option,
<br /> may cause reasonaUie maintenance �vork to be perfoimed at the cost of Mortgagor_ .�,ny amounts paid
<br /> ; therefor b,y Myi•tgagee shall bear interest at the rate provided for in the �uincipal indebtedness, shail
<br /> thereupon become a part of the indebtedness secured by this instrument, ratably and on a parity with all
<br /> _ a
<br /> other indebtedness secured hereby, and shall be payable thirty ( 30) days after �lemand.
<br /> e . 12. If the premises, or any part thereof, be condemned under the po�cer of eminent domain, or
<br /> � : acquired for a public use, the damages awarded, tlie proceeds for the talcing of, or the consideration for
<br /> ' such acquisition, to the e�tent of the full amount of the remaining unpaid indebtedness secured by this
<br /> mortgage, ox hereby assigned to the Mortgagee, and shall be paid forth�vith to said Moi•tgagee, to be
<br /> applied on account of the last maturing installments of sucli indebtedness.
<br /> 13. If the bSos•tg•agor fails to make any payments when due, or to conform to and comply with any '
<br /> k of the conditions or agreements contained in this mortgage, or the notes �vhieh it secures, then the
<br /> entire principal sum and accrued interest shall at once becnme due and payable, at the election of the �
<br /> Mortgagee ; and this mortgage may the:•eupon be foreclosed immediately for the ��� hule of the indebted-
<br /> � ness hereby secured, includiizg the cost af e�+tending the abstract of title fz•oni 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 V eterans
<br /> f Administration on account of the guaranty or insurance of the indebtedness secured hei•eby, all of which
<br /> ' shall be inciuded in the decree of foreclosure.
<br /> 1 14. If' the indebtedness secu.ed hereby be guaranteed or insured under Title 33, United States Code, , ; � � " ';�, '
<br /> � such Title and Iiegulations issueci thereunder and in effect on the date hereof shall govern the rights, c�uties � " � � ;�:�,,�
<br /> and liabilities of the parties hereto, and any provisions of tliis or other instruments executed in connection F� ,
<br /> with 'said incTebtedness which are inconsistent wit� said 'Pitle or Regulations are hereby amended to ; �,,r .
<br /> � ' comPorm thereto. � � � � � � � � �a��� "
<br /> The covenants herein contained shail bind, and the benefits and advantages shall inure to, the
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