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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 pay or perfozm the same, and all expenditures so made shall be added to the principal sum
<br /> owing on the above note, shall be secured hereby, and shall bear interest until paid at the rate provided
<br /> for in the principaTindebtedness.
<br /> � � 7. Upon request of the Mortgagee, Mortgagor shall execute and deliver a supplemental note or notes
<br /> � for the sum or sums advanced by Mortgagee for the alteration, modernization, or improvement made at
<br /> Q_ the Mortgagor's request ; or for maintenance of said premises, or for taxes or assessments against the
<br /> �� same; and for any other purpose elsewhere authorized hereunder. Said note or notes shall be aecured
<br /> �: hereby on a parity with and as fully as if the advance evidenced thereby were included in the note first
<br /> ` • described above. Said' supplemental note or notes shall bear interest at the rate provided far in the prin-
<br /> , � cipal indebtedness and shall be payable in approximately equal monthly payments for such period as rnay
<br /> � be agreed upon by the Mortgagee 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 Mortgagee. 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 Mortgagee, to be applied toward the payment of
<br /> ^ the note and all sums secured hereby in case of a default in the performance oP any of the terms and 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 shalI remain unpaid ; and the bZortgagee
<br /> shall have pow-er to appoint any agent or agents it may desire for the purpose of renting the same and col-
<br /> lecting the rents, revenues and income, and it may pay out of said incomes ail necessary eommissions and
<br /> expenses incurred in renting aud managing the same and of collecting rentals therefrom ; the balance
<br /> remaining, if any, to be applied toward the discharge of said mortgage indebtedness.
<br /> 7 9. Iie will continuously maintain hazard insurance, of such type or types and amounts as Mortgagee
<br /> � ' may from time to time i•ec�uire, on the improvements now or hereafter on said pt•emises and except �vhen
<br /> payment for all such premiums has theretofore been made under ( a) of paragraph 2 hereof, will pay
<br /> promptly when due any premiums therefor. Upon default thereof, Mortgagee may pay the same. All
<br /> insurance shall be carried in companies approved by the DZortgagee and the policies and renewals thereof
<br /> shall be held by the Mortgagee and have attached thereto loss payable elauses in favor of and in form
<br /> , acceptable to the Mortgagee. In event of loss Mortgagor �•ili give immediate notice by mail to the Mort-
<br /> ` ; gagee, who may make proof of loss if. not made promptly by Mortgagor, and each iusuz�ance company con-
<br /> ; cerned is hereby authorized and directed to make payrnent for such loss directly to the Mortgagee instead
<br /> a of to the Mortgagor and the Mortgagee jointly, and the insurance proceeds, or any part thereof,
<br /> ± ! may be applied by the Mortgagee at its option either to the reduction of the indebtedness hereby secured
<br /> or to the reatoi:ation or repair of the property damaged. In event of foreclosure of this mortgage, or other
<br /> ; transfer of title to the mortgaged property in extinguishment of the indebtedness secured hereby, all
<br /> � ' right, title and interest of the ➢4ortgagor in and to any insurance policies then in force shall pass to the
<br /> F ; purchaser or grantee.
<br /> ; ' 10. As additional and coilateral security for the payment of the note desci•ibed, �iid all sums to become
<br /> due under this mortgage, the Mortgagor hereby assigns to the b4ortga�ee all lease bor.uses, profits, reve-
<br /> , r nues, royalties, rights, and other benefits accruing to the Mortgagor under any and all oi] and gas leases
<br /> F now, or during tne life of this mortgage, executed on said premises, with the right to recei ��e and receipt
<br /> � ' for the same and apply them to said indebtedness as well before as after default in the conditions of this
<br /> mortgage, and the Mortgagee may demand, sue for and recover any such payments �vhen due and pay-
<br /> � able, but shall not be requit•ed so to do. This assignment is to terminate and become nuil and void upon
<br /> ; release of this mortgage.
<br /> 11 . He shall not commit or permit waste ; and shali maintain the property in as �ood condition as at
<br /> present, reasonabie ��-ear and tear excepted. Upon any failure to so maintai�i, Mortgagee, at its option,
<br /> may cause reasonaUle maintenance work to be performed at the cost of Mortgagor. Any amounts paid
<br /> therefor by Mortgagee shall bear interest at the rate provided for in the principal indebtedness, shall
<br /> thereupon become a part of the indebtedness secured by this instrument, ratably and on a parity �vith all
<br /> other indebtedness secured hereby, and shall be payabie thirty (30) days after demand.
<br /> 12. If the premises, or any part thereof, be condemned under the po���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 /> auch acquisition, to the extent of the full amouut of the remaining unpaid indebtedness secured by this
<br /> ' ` mortgage, or hereby assigned to the Mortgagee, and shall be paid forthwith to c�id Mortgagee, to be
<br /> � applied on account of the last maturing installments of such indebtedness.
<br /> 13. If the Mortgagor fails to make any payments when due, or to confox•m to and comply with any
<br /> of the conditions or agreements contained in this mortgage, or the notes �vhich it secures, then the
<br /> entire principal sum and acerued interest shatl at oiiee become due and payable, at the election of the
<br /> Mortgagee ; and this mortgage may thereupon be foreclosed immediately for the whole of the indebted-
<br /> ness hereby secured, including the cost of extending the abstract of titie fror_z the c?ate 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 tlie indebtedness seeured hereby, all of which
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<br /> . shail be inclu3ed in the decree of foreciosure. �
<br /> 14. If' the indebtedness secured hereby be guaranteed or insured under Title 38, United States Goda, - � ' s,; '
<br /> such Title and Regulations issued thereunder and in effect on tlie date hereof shall govern tlie rights, duties ;.,� ':"� ;rr
<br /> t and liabilities of the partiea hereto, and any provisions of this or other instruments exect.�ed in connection ' ° "
<br /> with -said indebtedness which are inconsistent with said Title or Regulations are hereby amended to �"
<br /> conform thereto. "` �''"` �
<br /> " Tne covenants herein contained shaIl bind, and the benefits and advantages shall inure to, the
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