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<br /> 6. If he fails to pay any sum or keep any covenaiit provided for in this mortgage, the Mortgagee, at
<br /> its option, maypay or perform 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 principal indebtedness:
<br /> � 7. Upfln 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 irnprovement made at
<br /> the Mortgagor's request ; or for maintenance of said`premises, or for taxes or assessments against the
<br /> same, ` and for any other pu1•pase elsewhere authorized hereunder. Said note or noCes shall be secured
<br /> hex•eby on a parity with and as fully as if the advance evidenced thereby were included in the note first
<br /> described above. Said suppleinental note or notes shali bear interest at the rate provided for in the prin-
<br /> � ' cipal indebtedness 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 matui•ity, the whole uf the sum
<br /> ` ox• sums so advanced shall be due and payable thirty ( 30) days after demand by the Mortgagee. Tn no
<br /> event shall the maturity extend beyond the ultimate maturity of the note first described abave.
<br /> 8. He hereby assigns, transfers and sets over to the Mortgagee, to be a�>plied toward the payment of
<br /> , ` the note and ull sums secured hereby im case of a default in the pe1•formance of any of the terms and condi-
<br /> tio��s of this mortgage or the said note, all the rents, revenixes and income to be c2erived from the murt-
<br /> Y gaged premises during such time as the rnortgage indebtedness shall remain unpaid ; and the Mortgagee
<br /> shall have po�ver to appoint any agent ot� 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 necessary commissious and
<br /> expenses incuri•ed irt re�itin� and managing the same and of eollecting rentals therefrom ; the balance
<br /> � remaining, if any, to be applied to�vard the discharge of said mortga�,*e indebtedness.
<br /> ; 9. " He will continttously maiutain hazard insurance, of such type or types and amounts as NSortgagee
<br /> ' may from time to time require, on the improvements now or hereafter on saicl pi•emises and except �vhen
<br /> � payment foi• all such pi•emiums has theretofox•e been made under (a.) of paragraph 'L hereof, ��-il) pay
<br /> % promptly �vhen due atty premiums therefor. Upon default thei-eof, Mortga�ee may pay the same. All
<br /> � insurance shall be carried in companies approved by the 1L4ortgagee and the policies and renewals thei•eof
<br /> � s11a11 be held by the bTor•tgagee and have attached thereto loss payaU]e clauses in favor of and in form
<br /> acceptable to tlie Mox�tgagee. In event of loss Mortgagor will give immec]iate notice by mail to the Mort-
<br /> ' gagee, �vho may malce proof of loss if not made promptly by Mortgagor, and each insurance com�any con•
<br /> % cerned is hereby authorized and directec3 to make payment for such loss directly to the DZortgagee instead
<br /> � of to the iVIoi•tgagoi• and the 21lortgagee jointiy, and the insurance l�roceeds, or any part thereof,
<br /> € may be appiied by the Mortgagee-at its option either to the reduction of the indebtedness hereby secured
<br /> 02• to the restoration or repair of .the property damaged . In event of foreclosure of this mortgage, or other
<br /> � tr<tnsfer of title to the mortgaged property in ea:tinguishment of the indebtedness secured hereby, all
<br /> ^ right, title, and interest of the Moz•tgagor in and to any insurance policies then in force shall pass to the
<br /> } purehaser• or grantee.
<br /> i ' ].0. As additional and collateral security for the payment of the note describecl, <tnd alt sums to �ecome
<br /> � due undex• this mox•tg•age, the Mortgagor hereby assigns to the Mortga�ee ali ' ]ease bonuses, ' profits, reve-
<br /> Y uues, royalties, rights, �nd other benefits aecruing to the Mortgagor unricr any and all oil and gas 7eases
<br /> ; no�v, or durin� tne life of this mortgage, executed on said premises, �;�ith the rig•ht to receive ancTreceipt
<br /> � for tlie same and apply> them to said indebtedness as �vell before as after default in the conditions of this
<br /> � mortgage, and the Mox•tgagee may demand, sue foi and i•ecover an such � . �
<br /> + Y paymcnts �$cn duc, and pa.v-
<br /> � = ablc, but shall not be required so to do. This assignment is to terminate and become nuli and void upon
<br /> ' release of this mortgage.
<br /> � 11 . He shall not commit or permit waste ; and shall maintain the pi•operty in as gooc9 condition as at
<br /> � present, reasonable ���ear and tear excepted. Upon any failure to so maintain, Mortgagee, at its option,
<br /> may cause :reasonabie maintenance work to be performed at the cost of Mortgagor. Any amounts paid r
<br /> therefo�- by Murtgagee shall bear interest at the rate provided Soi• in the �rincipal iudeUtedness, shall
<br /> � thereupon bccome a ��art of the indebtedness secured by this instrument, ratably and ozi a parity with all
<br /> � other indebtedness secuxed hereby, and shai] be payable thirty (30) days after demand.
<br /> 12. lf the premises, or any part thereof, be condemned under the power of eminent domain, or
<br /> acquired for a public use, the damages awarded, the proceeds for the taking of, or the consideration far
<br /> such acquisition, to the extent of the full arnount of the remaining unpaid indebtedness secured by this
<br /> mortgage, �r hereby assigned to the Mortgagee, and shali be paid fox•th�vith to snid Mortgagee, to be
<br /> applied on account of the last inaturing iustallments of such indebtedixess. �
<br /> 13. If the Mortgagor fails to maite any payments when due, or to confm�m to and comply w ith any
<br /> of the conditions or agreements contained in this mortgage, or the notes ���hich it secures, then the
<br /> entire principal sum and accrued interest shall at once become due and pa��able, at the election of the
<br /> Mc�rtgagee ; andthis mortgage may thereupon be foi•eclosed immediately for the �vhole of the indebted-
<br /> tiess liei•e}�y szcur�d, iucludi�ig ih.: cost of extending the abstract of title froxn the date of this mox•t-
<br /> gage to the time of co�nmeiicing such suit, a reasonable attorney's fee, and any sums paid by the Veterans
<br /> Administration on account of the �uaranty or insurance of the indebtedness securecl h�reby, alI of �ti•hich �
<br /> shall be included in the decree of foreclosure. _ " 4
<br /> ` 14. `If the indebtedness secured hereby be guaranteed or insured uiider Title 38, United States Code, �" j�: �. ,`.p
<br /> such Titie and P�egulations issued thereunder and in effect on the date hereof shall govern the rights, dvties '' ' "�''
<br /> ' ' and liabilities of'the parties hereto, and any provisioi�s of t3�is ox• othei• instruments executed in connection � � `°�
<br /> ' with said indebtedness which are inconsistent with said Title''or Regulations are hereby amended to � : �� ',
<br /> ,' t conform> thereto.
<br /> The covenatits herein containecl sliall bind, and the benefits and advantages shlll inure to, the
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