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<br /> 6. lf he fails to pay any sum or keep any covenant provided fox• in this mort�age, the Mortgagee, at
<br /> its option, may pay or perform the same, and all expenditures so macie 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 /> r 'T. Upon request of the Mox:tgagee, Mortgagor shaA execute anc' deliver a supplemental note or notes
<br /> � 12 for the sum or sums advanced by Mortgagee foL• the alteration, modernization, or improvementmade at
<br /> �" the Mortgagor's request ; ar for maintenance of said �remises, or for taxes or assessments against the
<br /> ': � same, and for any pther purpose elsewhere authorized hereunder. Said note or notes shall be secured
<br /> ' � hereby ona parity �i�ith and as full,y as if the advance evidehced thereby �s•ere included in the note first
<br /> � described above. Said supplemental note or notes shall bear interest at tlze i•ate provided for in the prin-
<br /> cipal, indebtedness and shali be payable in approximately equal monthly payments for such period as may
<br /> a be agreed upon by the ?VIortgagee and Mortgagor. Failing to agree on the maturity, the �vhole c�f the sum
<br /> � or suxns so advanced shall be due and payable thirty (30 ) days after demand by th.e Mortgagee. ' In no
<br /> �" event shall the inatux•ity extend beyond the ultimate matux•ity of the note first described above.
<br /> + 8. He hereby assigns, transfers and sets over to the Mortgagee, to be applied toward the payment oP
<br /> x the note and all sums securecl hereby in case of a default in the pei formance of �ny of the terms and condi-
<br /> tions of this mortgage or the said note, ati tl�e rents, revenues and income to be derived from the mort-
<br /> gaged l>i•emises during such time as the mortgage indeUtedness shali remain unpaid ; and the Mortgagee
<br /> 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 ma,y pay out of said incomes all necessax•}� eommissions and
<br /> ex�enses.<incurx•ed in f-euting aud managing the same and of collecting reiitals therefx•om ; the balance
<br /> reiiiaining, if any, to be applied to�vard the discharge of said mortgage indebtedness.
<br /> ` 9. He Zi�ill continuously maintain hazard insurance, of such type or types and amounts as Mortgagee
<br /> i may from time to time req�� ire, ou the improvements now or hereafter on said premises and except when
<br /> payment for all such pi•emiuins has theretofore Ueen made under (a) of pa7•agraph 2 hei•eof, �vill pay
<br /> promptly �vhen due an5� premiunls therefor. Upon default thex�eof, Mortgagee may pay the same. All
<br /> , insurance shall be carried in companies approved by the Mort�agee and the policies and rene���als thereof
<br /> shall be heid by the �Zortgagee and liave attaehed thereto loss payable clauses in favor of and in form
<br /> ` ; acceptable to the M�rtg•agee. In event of loss Mortgagor will give immediate notice by mail to the Mort-
<br /> gagee, who may ma1:e pcoof of lossif not made promptly by Mortga�or, and cach insurance company con-
<br /> cerned is hereby authorized and directed to make payment for such loss directiy to tlie Mortgagee instead
<br /> of to the Mot•tgagor 1nd the nZoi•tgagee 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 ic3debtedness hei•eby secured
<br /> ; or to the restoration or repair of the property damaged. In event of foreclosw�e of this mortgage, or other
<br /> ! I;ransfer of title to the mc,rtgaged property in extinguishment of the indebtedness secured hereby, all
<br /> right, title and interest of the b7ortgagor in and to any insurance policies then in force shall pass to the
<br /> purchaser or grantee.
<br /> i 10. As additioiinl and cullateral security foi• tlie payment of the note desci•ibed, aiid all sums to become
<br /> due under this mm•tgage, thc Mortgagor hereby assigns to the Mortgagee all lease Uonuses, profits, reve-
<br /> nues, royalties, rights, and othei� benefits accruing to the Mortglgor under any and all oil an8 gas leases
<br /> ' no�v, or during tne life of this niortgage, eaecuted on said premises, ���ith the z•ight to i•eceive and i•eceipt
<br /> ` for the same and applr them to said indebtedness as �vell before as after default in the conditions of this
<br /> mortgage, and the nlortg2�ee may demand, sue for and recover any such payments �vheu ciue and pay-
<br /> � able, but shall not be required so to do. This assignment is to terminate and 6ecome null, and void upon
<br /> relcase of this mortgage.
<br /> � 11 . He shall not commit m• permit �vaste ; and sh111 maintain the px•opei•ty in as bood condition as at
<br /> present, reasonaUle �ti•ear and tear excepted. Upon any failure to so maintain, 14Zortgngee, at its option,
<br /> may eause i•easonaUle maintenance work to be performed at the c�st of Mortgagoi•. Any amounts paid `
<br /> , therefor by Mortgagee sha11 bear interest at the rate provided for in the principal indeUtedness, shall '
<br /> thereupon become a p� rt of the indebtedness secured by this instrument, ratably and on a parity �s�ith all
<br /> otlier indeUtedness secux•ed hereby, and shall be payable thirty (30 ) days after clemand.
<br /> 12. lf the premises, or an,v part thereof, be condemned wider the po���er of eminent domain, or
<br /> acquired for a public use, the damages awarded, the proceeds foi• the talcing af, or the consideration for
<br /> such acquisition, to the extent of the full amount of the remaining unpaid indebtedness secured by this
<br /> martgage, or hereby assigned to the Mortgagee, and shall be paid forth�vith t.o s�id Moi•tgagee, to be
<br /> applied on account of the last maturin� instaliments of such indebtedness.
<br /> 13. If the Mortg•agor fails to inake anv payments �vhen due, or to confoz•m to and comply �-ith any
<br /> of the eonditions oi• agreements contained in this mortgage, or the notes �t-hich it secures, then the
<br /> entire principal sum and accruecl interest shall at once become due and payable, at the election of the
<br /> M� � e•tgag�ee ; and tilis mortg�Zge mzv thereupon he foreclosed im�nediately for the �vhc�le ot thc intlebted-
<br /> ness hereby secured, inch�ding the cost of extending the aUstract of title Trom the date of this mort-
<br /> gage to the time of commen<�ing such suit, a reasonable attorney's fee, and any sums paid by the Veterans '
<br /> Administration on accaunt of the guaranty or insurance oP the indehtedness seciu•ed hereby, all oi' which
<br /> shall be included an the decree of foreciosure. � � _, , , ,. „�
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<br /> 14. If the indebtedness secured herebp be g•uai•anteed or insured wider 'Pitle 38, United States Code, � ` ;,�w ,.�
<br /> sueh Title and Regulations issued ' thereunc�er and in effect on tlie date hereof shall govex-n the rights, cluties ' � �,, ,
<br /> # and liabilities of the parties hereto, and a�xy �rovisions of this ar otlier i �istruments eaecuted in connection
<br /> �^ with said indebtedness which are ineonsistent with said Title or P.egulations are hereby amended to .`
<br /> c�nform thereto. `' r+
<br /> The covenants herein contained sha13 bind, and the benefits and aclvantag�es shall inure tc>, the
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