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<br /> 6. If he fails to pay an,y sum or keep any covenant provided for in this snox•tgage, the Mortgagee, at
<br /> its option; may pay or perfox•m the same, and ali 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 principal indebtedness.
<br /> 7. Upon request of the Mortgagee, Mortgagor shall execute and deliver a supplemental note or notes
<br /> � r for the sum or sums advanced by Mortgagee for the alteration, modernization, oi• improvement made at
<br /> the 1VIortgagor's request ; ar for maintenance of said premises, or for taxes ox• assessments against the
<br /> same, and for any 'other purpose else�vhere authorized hereunder. Said note or notes shall be secured
<br /> hereby on a pai•ity with and as fuily as if the advance evidenced thereby were included in the note first '
<br /> described ak�ove. Said supplemental note or notes shall bear interest at the rate provided for in the prin- �
<br /> � cipal :inciebtedness and shall be payable in approximately equal monthly payments for such period as may �
<br /> � be agreed upon by the Mortgagee and Mortgagor. Failing to agree on the maturity, the whole of the sum
<br /> � ox• surns so advanced shall be due and payable thirty (30 ) days after demand by the Mortgagee. In no
<br /> C' event shall the maturity estend Ueyond the ultimate maturity of the note first described above.
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<br /> �,; 8. He hereby assigns, tx•ansfers and sets over to the Mortgagee, to be applied toward the payment of
<br /> ; � the ��ote and all sums seceired hereby �n case of a dei'ault in the performance of any of tha terms and �ondi-
<br /> I� tions of this mortgage or the said note, all the rents, revenues and income to be derived from the niort-
<br /> � � �aged �remises during such time as the mortgage indebtedness shali remain unpaid ; and tlie Mortgagee
<br /> T shall have power 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 all neeessaxy commissions and
<br /> expenses incui•x�ed in x•enting aiid managing the same and of collecting rentals therefrom ; the balance
<br /> re�naining, if any, to be applied toward the discharge of said mortgage indebtedness. "
<br /> 9. He will continuously maintain hazard insurance, of such type or types and amounts as Mortgagee
<br /> may fi•om time to tiine i•ecruire, on the improvements no�v or hereafter on said premises and except �vhen
<br /> , payment foi� all such �i•cmiuins has theretofore been made under (a) of paragraph 2 hereof, �c�ill pay
<br /> i promptly �vhen due any pi•emiums therefor. Upon default thereof, Mort�agee may pay the same. All
<br /> insurance shall be cai•ried in companies approved by the Mortgagee and the policies anci renewaTs thereof
<br /> shall be held by the Plortgagee and have attached thereto loss payable clauses in favor of and ixi form
<br /> acceptable to the Mortgagee. In event of loss b4ortgagor wiil give immediate notice by mail to the Mort-
<br /> � gagee, who mag mal;e proaf of loss if notmade promptly by Mortgagor, and each ivsurancecompany con- �'
<br /> cerned is hereby authorized and directed to make payment for such loss directly to the RZortgagee instead ';'
<br /> of to the Mortgagor and the RZortgagee ' jointly, and ' the insurance proceeds, or any part thereof,
<br /> niay be applied by the Mortgagee at its option either to the reduction of the indeUtedness 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 mok•tga�ed property in extinguishment of the indebtedness secured liereby, all
<br /> # right, title and interest of the 11'fortgagor in and to any insurance policies then in torce shall pass to the
<br /> ; purchaser ar• grantee.
<br /> ; � 10. As additional and coIlatei•al security for the payment of the notc described, ancl all sums to become
<br /> due undei• this mortgage, the Mortgagor hereby assigns to the Mortgagee all lease bonuses, profits, reve-
<br /> ; nues, royalties, x�ights, and other benefits accruing to the Mortgagor under any and all oil aisd gas ]eases
<br /> � no«�, or during tne life oi' this mortgage, executed on said premises, with the right to receive and receipt ,.
<br /> � for the same and appl�r them to said indebtedness as �vell befox•e as a£teY• <lefault in the conditions of this '
<br /> � mortgage, and the Moctsa�ee may demand, sue for and recover any such paymeuts �vhen due and pay-
<br /> A able, but shall not be requii•ed so to do. This assi�nment is to terminate a�id become null and void upon
<br /> release of this mort�;age.
<br /> 11 . He shall not commit or pei•mit w�aste ; and shall maintain the prope:•ty in as good condition as at
<br /> i' prese�it, reasonable �ceai• aud tear excepted. Upon any failure to so maintain, Moi•tgabee, at its option,
<br /> � may cause reasonable maintenance �vork to be perfoz•med at the cost of Mot•tgagor. Any ainounts paid "
<br /> } therefor by Mortgagee shali bear interest at the rate provided for in the principal indebtedness, shall
<br /> , thci•eupon become a part of the indebtedness secured by this instrument, r•atauly and on a parity �vitli all
<br /> other indebtedness secured hereby, and shall be payable thirty (30) days after demand.
<br /> 12. If the premises, or any part the�•eof, be condemned under the po��•er of eminent domain, or
<br /> i acquired for a public use, the damages awarded, the proceeds for the talcing of, or the consicieration for
<br /> such acquisition, to the extent of the full amount of the remaining unpaid indebtedness secured by this
<br /> mortgage, or heren,y assigned to the Mortglgee, and shalI be paid forthwith to said Mortgagee, to be
<br /> applied on account of the last maturing instaliments of such indebtedness.
<br /> 13. If the Dlortg•agor fails to make any payments ���hen due, or to conform to and comply with any
<br /> of the eonditions or agreements contained in this mortga�e, or the notes which it secures, then the
<br /> entire px•iiicipal swn au �i accrued interest stiall at otice become due and payable, at the election of the
<br /> Mortqagee ; and this mort�age may thereupon be foreclosed immediately for the tivhole of the indebted- '
<br /> ness hereby secured, including the cost of e�:tending the abstract of title frorn 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 aceount of the guaranty or insurance of the indebtedness secured here!>y, all of �ehieh C
<br /> ; shall ,be included in the decree of foreclosure. ,�„� � ,, �,:;,
<br /> Y4. If the` indebtedness secured hereby be guaranteed or insu �•ed under Title 38, United States Code, ` `' ? �, a: �
<br /> ` such Title and I{egulations issued thereunder and in effect on the date hereof sliall govern the rights, duties A ' " ' ,��
<br /> and liabilities of the parties hereto, and any provisions of this or other instruments executed imeonnection ,�� :
<br /> � with said indebtedness which are inconsistent with' said Title or Regulations are hereby amended to �' ,, ;, .
<br /> conforn: thereto. `
<br /> The covenants herein contained shall bind, and the benefits and advantages shall inure to, the
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