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<br /> 6. IE he fails to pay any sum or keep any covenant provided for in this moi•tgage, the Mortgagee, at
<br /> its option, may pay'or perform the same, and all expenditures so rnade shall be added to the principal sum
<br /> owing on the aUove note, shall be secured hereby, and shall bear interest until paid at the rate provided
<br /> for in theprincipal indeutedness.
<br /> 7. Zlpon request of the Mos-tgagee, Mortgagoi• shall execute and deliver a supplementat note or notes
<br /> � for the sum or sums advanced by Mortgagee for the alteration, modernization, or improvement made at
<br /> the Mortgagor's request ; or for niaintenance of said :premises, or for taxes or assessments against the �
<br /> same; and for any other puxpose elsewhere authorized hereunder. < Said note or notes shall be secured
<br /> hereby on a �arity �vith and as fully as if the advaiice evidenced thereby ��c�ere included in the note first
<br /> = described above. S� id supplemental note oz notes shall uear interest at the rate provided for in the prin-
<br /> ; cipa] indebtedness and shali be payable in approximately equai monthly pavments for such period as may
<br /> be agreed upon by the Mortgagee and Mortg•agor. F ailing to agree on the rnaturity, the whole of the surn
<br /> or sums su advanced shall be clue ancl payable thirty ( 30) days aftet• demand by the Mortgagee. In no
<br /> i event shall the maturity extend beyond the ultimate maturity of the note first described above.
<br /> 8. Fie hereby assigns, transfers and sets oVer to the Mortgagee, to be applied toward the payment of
<br /> { the note and ail sums-secured hereby in case of a default in the performance of any of the terms and condi-
<br /> '; tions of this mortgage or the said note, all the rents, xevenues and income to be deriy�ed frozn the mort-
<br /> ^ gaged premisea during such time as the mortgage indebtedness shall remain unpaid ; and the Mortgagee
<br /> ; shall have power to apgoint any agent or agents it may desire for the purpose of s�enting the same and col-
<br /> ; lecti�ig the rents, revenues and income, and it may pay out of said inc�mes all iiecessary conzmissions and
<br /> �, expenses incurred iii �•eiiting and managing the same and of collecting rentals Llierefrom ; thc balance
<br /> �: rernainiug, if any, to I.ie applied toward the dischaige of said moi•t�age indebtedness.
<br /> � 9. He will continuousty maintain hazard insurance, of such type or types and amounts as Mortgagee
<br /> , ; may fx•om time to time reqtiire, on the iinprovements no�v or hereafter on said pi•emises and except �vhen
<br /> pa�-tnent for all sueh premiums has theretofoi•e been made under (a) of paragra�h 2 hereof, �i�ill pay
<br /> � nromptly �vhen due any- premiums therefor. Upon default thex•eof, Mortgagee �nay pay the same. All
<br /> insui•ance shall be cai•ried in companies approved by the b4ortgagee and the policies anci rene�vals Yhei•e�f
<br /> k sliall be heid by the tl�Tort�,•agee and have attached thereto loss payable clauses in favor of and in forni
<br /> � acceptable to the Mortgngee. In event of loss Mortgagor �vill give immediate notice by mail to the Mort-
<br /> ;! gagee, u�ho may rna3.e proof of loss if not made prom�tly by Mortgagor, and eacli insurance company con-
<br /> cm�ned is hereby authorizecl and' directed to make payment for such loss directly to the biortgagee instead
<br /> % uf to tlie Moz•tgagor ancl the ?�1ox•tgagee jointl3r, and the insurance proceeds, or any pax•t thereaf,
<br /> ' maY be applied by the iVloi�tgagee at its option either• to the reduction of the incleUtedness hei•eby- secui•ed
<br /> ' or to the restoration or repair of the property damaged. In ecent of foreciosure of this mortgage, or othex•
<br /> ` lransfer of tit]e to the mortgaged property in extinguishinent of the indebteduess secured liereby, all
<br /> � i•ight, title and interest of the Mortgagor in and to any insurance policies then in force shall pass to the
<br /> > ; purchaser or grantee:'
<br /> t 10. As additional and collateral security for the payment of the note deseril�ecl , and all sums to become
<br /> ^� due under this mortg�ge, the bfortg•agor .hereby assigns to the Mortgagee atl lease bmzuses, pr�rts, i•eve-
<br /> 1 nues, royalties, rights, �nci other benefits accruing to the Mortga�or under any and ail oil and gus ]eases
<br /> no«�, or dnrinb tne life oi' tliis mortgage, executed on saic� premises, ���ith the right to receive and receipt
<br /> j for the same and applv them to said indebtedness as �rell befoi•e as after default iti the conditioi,s of tfiis
<br /> ? moz•tb•age, and t}ie Mor•tgagee may demand, sue for and 1•ecover any sueh paymeiats �c•]ien due arid pay-
<br /> able, buC shall not be required so to do. This assigument is to terminate and become null and vaid upon
<br /> ' release of tl� is mort�age.
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<br /> tll. He shall not conimit or per•mit waste ; and shall maixitain tlie property in as good condition as at
<br /> present, reasonxble ti+•ear and tear excepted. Upon any failure to so maintai�i, Martgagee, at its option,
<br /> n�ay cause reasonable maintenauee work to be perfotmed at the cost of MorCgagor. An3� amounts paid "
<br /> ` t}iere.or by Martg�agee shali bear interest at the rate provided for in t}ie principal i2idebtedness, shali
<br /> tltex•eupoii Uecome a part nf the indebtedness secured by this instrument, x•atabl,y and oti a pai•ity c��ith aTl
<br /> otfier inclebtedness secured herebg=, and shall be paS�ible thirty (30 ) days after demand.
<br /> � l2. If the px•emises, or an,y part thereof, be condemned under t11e p����er of etninent dumain, or
<br /> " acq�aired for a public use, tlte darnages awarded, the proceeds for the tal:in�,r <�f, or the consideration for
<br /> ; such acquisition, to the extent of the full amount of the remaining unpaid indebtedness secured k�y this
<br /> mortgage, or hereb,y assigned to the Mortgagee, and shall be paid forth��-iLh to said :�fortgagee, to be
<br /> applied on aecount nf the last m:�turing installments of sucli indebYedness.
<br /> 13. If the hTort�•agor fails to malce anv pa,yinents when due, or to coiifo�n� t� and comply with any
<br /> of the conditions or a�reements contained in tl�is mortgage, or the uotcs n•hich it secures, then the
<br /> entire principal sutn and accived interest shall at once become due and payable, at the election of the
<br /> ?�Zortgagee ; and this mvrtgage inay therei�pon be foi•eclose�l Striinediately for the «�hole ot' the indebted-
<br /> n�ss nex•eb3� secu��ed, includi �ig the cost of extending the abstract of title from the date of this mort-
<br /> gage tv the t.irne ai coxnmencing such suit, a reasonabie attorney's fee, aiid aiiv sums paic9 b�> t}ie Vetex•ana
<br /> Administration on accouzit of tize guaranty ar insurance uf the indebtedncss secui•ed hereby, all of ��hich
<br /> shall be included in the decree of foreclasure. e
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<br /> 14: If the' indebtedr�ess secure�3 hereby be guaranteed or insiii•ed undei� Title 38, United States Code, ' �F ;; '
<br /> such Title and Regiilat�ons issued thereunder and in effect on tl�e date hereof shaii govern the rights, duties '�:
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<br /> and liabilities of the parties hereto, and any provisions of this or other instruments executed in connection , '� , ,:
<br /> , � with said indebtedness wh9eh are ineonsistent with said Title or Fegulntions are hei•eby amended to � ��� `'
<br /> conform tliereto.
<br /> � The covenants lierrin cotiLxiried shall biud, and the benetits and advant<ages shall intir•e to, the
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