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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 perform the same, and all expenditures so made sha11 be added to the principal sum
<br /> o�ving on the above note, shall be secured hereby, and shall bear interest until paid at the rate provided
<br /> £or in the principai indebtedness.
<br /> 7. LIpon request of tlxe D4ortgagee, Mortgagor shall execute and delivex• a supplemental note or notes
<br /> � C� for the sum or surns advanced by Mortgagee for the alteration, modernization , or improvement made at
<br /> *"'' the 1Vlortgagor's request ; or f�r maintenance of said premises, or for taxes or assessments against the
<br /> � same, and for any other purpose elsewhere authoriaed hereunder. Said note or notes shall be secured
<br /> � ' hereby on a parity with and as fully as if the advance evidenced thei�eby w�ere ineluded in the note first
<br /> C described above. Said suppiemental note or notes shall bear interest at the rate provided for in the prin-
<br /> �� cipai ' indebtedness and shall be payable in approximately equai monthly payments for such period as may
<br /> � � be agreed upon by the ?VIortgages and Mortgagor. Failing to a�ree ou the maturity, the whole of the sum
<br /> ` � or sums so advariced shall Ue due a�id 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, ti•ansfers and sets over to the Mortgagee, to be apniied to�eard the payment of �`'
<br /> the note and all surns secured hereby in case of a defauit in the performance of any of the terms and eondi-
<br /> tions 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 unpaid ,• and the Mortgagee :
<br /> shall hat�e po�s�er to appoint any agent or agents it may desire for the purpose of rentiug the same and col-
<br /> lecting the rents , x�ecenues and income, and it may pay out of said incomes all necessary eommissions and
<br /> expenses incurz•ed i �i rentinb and managing the same and of collecting x•entals therefx•om ; tlie balance
<br /> remaining, if any, to l�e applied toward the discharge of said mortgage iudek�tedness.
<br /> 9 . He tivill continuously maintain hazard insurance, of such type or types and amounts as Mortgagee
<br /> maY from time to time i•equire, on the improvements now or hex•eafter on said pr•emises and except �vhen '
<br /> payment for all such premiums has theretofore been made under ( a ) of pat•agraph 2 hez•eof, �+�ill pay
<br /> promptly �vhen due any premiums therefor. Upon default thereof, Mortgagee inay pay the same. All
<br /> insurance shall be cari• ied in companies approved by the Mortgagee and the policies and rene�a•als thez•eof
<br /> shall be held by the n'Iortgagee and have attached thereto loss payabie elauses in favor of and in foim
<br /> acceptable to the b4ortgagee. In event of loss Nfox•tgagor will give irnmec3iate notice by mail to the Mort-
<br /> gagee, �vho may malce proof of loss if not made promptly by Mortgagor, and each insurance company con-
<br /> cerned is ]iereby autl�ot•izedand directed to make payment for such loss directly to the Mortgagee instead
<br /> of to the Mortgzgor �ind the Mortgagee jointly, and tlie insurance Z�roceeds, or any part thereof, '
<br /> may be applied by the Mortgagee at its option either to the reduction of the indeUtedness hereb,y� secured
<br /> or to the restoration or repair of the property damaged . ln event of foreclosure of this mortgage, or other
<br /> transfer af title to tlie moi•tb-aged propel•ty in extinguishinent of the indebtedness secured hez•eby, all �
<br /> riglit, title and interest of tlie Mot•tgagor in and to any insux•ance policies then in force shall pass to the �
<br /> pucchaser or grantee .
<br /> 10. As additional and collaterai security for the payment of the note described , nnd all sums to become
<br /> due under this mortgage, the Mortga�or hereby assigns to the Dlortgagee all lease bouuses, px•ofits, i•eee-
<br /> nues, royatties, rights, and other benefits accruing to the lbiortgagor under any and all oil and gas 7eases
<br /> no�v, or during the ] iPe of' tliis mortgage, executed on said pi•emises, �vith the 2• ight to receive and i•eceipt
<br /> for the same and apply them to said indebtedness as �i�ell befm•e as after default in the conditions of this
<br /> mortgage, and the Mortg•a �;ee may demand, sue for and recover any such pavments �vhen due and pay-
<br /> able, but shall �iot be reyuirecl so to do. This assignment is to tei•minate and becoine nult �nd void upon
<br /> release of this mortgage.
<br /> iL He shall not commit or pecmit �vaste ; and shall maintain the property in as good condition as at
<br /> present, reasonable �i�ear and tear excepted. U�on any failure to so maintain, Mortgagee, at its option,
<br /> mny cause reasonable maintenance work to be performed at the eost 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 aud on a parity �vith all
<br /> other indebtedness secured hereby, and shall be payable thirty ( 30 ) days after demand .
<br /> 12. If the premises , ox• any part thereof, be eandemned under the po�ver of eminent domain, or
<br /> acquired for a public use, the damages awarded, the proceecls for ti�e talcing of, or the consiclei•atioii for
<br /> such acquisition, to tiie extent ot the full amourit of the remt� ining unpaid indebteciness secui•ed by this
<br /> mortgage, or hereb,y assigned to the Mortgagee, and shall be paid fortli�rith to said Mortgagee, to be
<br /> applied on account of the ]ast maturing iiistallments of such indebtedness.
<br /> ] 3. If the 141ort�•agor fails to make any payinents when due, or to confoi�in to and comply with any
<br /> of the conditions or agreements contained in tliis mar•tgage, or the notes �ahicti it secures, then the
<br /> entire principal sum and accrued interest shall at once become due and payabie , at the election of the
<br /> � 1lurtgag��e ; aud lfiis iiwrLg�tg�e may tliei•eupoii be foi•eclyseci imuiediately for tlie wiiole of t}ie indebted- � �
<br /> ness hereby secured, includiiig tlie cost of extending tlie abstract of title from the date of this moi•t-
<br /> gage to the time af commencing such suit, a reasonable attorney's fee, and any sums paid by tiie Veterans
<br /> Administration on account of the guaranty or insurance of tlie indebtedness secui•ed hei•eby, all of rvhich
<br /> shall be included in the decree of foreclosure. , ,� ( . . . � .;
<br /> 14 , if the indebtedness secured hereby be gulranteed or insured under Title 38, United States Code, ` r �y y � ;�,_
<br /> sueh fiitle and Regulations issued thereunderand in effect on the date hereof shall govern the rights, duties '�
<br /> L and iiabilitiss of the parties hereto, and any provisions qf this or other mstrumei� ts executed in comiection � M
<br /> with said -indebtedness which are inconsistent with said Title or Regulations are hereby rmended to �TM<` -
<br /> eonform thereto.
<br />� The coienants herein cantained shall bind, and the beneflts and ad�-antages shall intu�e to, the .
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