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<br /> 6. If he fails to pay any sum or keep any eovenanL provided for in this mortgage, the Mortgagee, at
<br /> its-option, may pay or perfarm the same, and ail expenditures so made shall 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 /> for in the principal indebtedness.
<br /> 7. Upon request of the Mortgagee, Mortgagor shall execute and deliver a supplemental note or notes
<br /> o � for the sum ur sums advanced by Mort�agee for the alteration, modernization, or improvement made at
<br /> the Mortgagor's request ; or for maintenance of said premises, ox• for taxes or assessments against the ' '
<br /> same, and for any other purpose elsewhere authorized hereunder. Said note or notes shall be secured
<br /> � hen•eby on a parity �vitlx and as fully as if the advance evidenced thereby were included in the note firs� `
<br /> described above. ' Said supplemental note or notes ehali bear interest at the rate provided for in the prin-
<br /> � cipal inciebtedness and sliall be payable in approximately equal monthly payments for such period as may
<br /> ' ' be agreec� upon by the 14Sor�gagee and Mortgagor. Failing to agree on the maturity, the whole of the sum
<br /> or sums so advanced shall Ue due and payable thirty (30) days after demand by the Mortgagee. In no
<br /> event shall the inaturity e�tend beyond the ultimate maturity of the uote first described above.
<br /> 8_ He hereby assigns, transfers and sets over to the Mortgagee, to be apptied toward the payment of , ,
<br /> the note and all sums secured hereby in case of a default in the perforrnance of any of the tex�ms and condi-
<br /> ? tions of this mox•tgage or the saic� note, all the rents, revenues and income to be derived from the mort-
<br /> gaged pi•emises during such tiine as the rnortg•age indebtedness shaI] x•emafn unpaid ; and the Mortgagee
<br /> shall have po�s•er to appoint any agent or agents it may desire for the purpose of renting the same and col-
<br /> _ ]ecting the rents, revenues and income, aud it may pay out of said incomes all necessary commissions and
<br /> ` expenses incux•red in reuting and managing the same and of collecting rentals therefrom ; the balanee � '
<br /> ; remaining, if any, to be applied to�vard the discharge of said mortgage indebtedness.
<br /> �; 9. Ae svill con�inuously `maintai'n h8zard insurance, of such type or types anci amounts as Mortgagee
<br /> ` xnay from time to time reqivii•e, vn the improvements no�v or hereafter on said premises and sxcept when
<br /> payment foi• ali siiclz premiiiras ha5' kheretofore been made under ( a) of paragraph 2 hereof, will pay � '
<br /> promptly when due any preniium,v there�p�; Upon default thereof, Moz•tgagee may pay the same. All
<br /> insurance sliall be carried in companies approved by the Mortgagee and the policies and rene�c�als thereof
<br /> shall be Ileld by the 11'Iortgagee and have attached thereto loss payable clauses in favor of and in form
<br /> acceptable to the N[ortgagee. In event of loss Mortgagor will give immediate notice by mail to the Mort-
<br /> �' gagee, who maY malce proof of loss if not made promptly by Mortgagor, and cach insurance company con-
<br /> ; ccrned is l�ereby luthoi•ized and directed to inake payment for such loss dii•ectly to the hiortgagee instead
<br /> " of to tlie ;�lortgagox• �tnd tlie Mortgagee jointly, and the insurance pi•oceeds, or any part thereof,
<br /> may be applied uy tlie Moi•tga�ee at its option either to the reduction of the indek�tedness hez•eby secured
<br /> ; � oi• to the restox•ation or i•epair of the property damaged. In event of foreclosui•e of this mortgage, or other
<br /> F ;; trt�nsfer of title to the moi•t�aged propez•ty in extinguishment of the indebtedness secured hereby, all
<br /> x•ig•ht, title and iiite2�est of the nSortgagor in and to any insurance policies then in force shall pass to the
<br /> purchaser oi• grantee_
<br /> ' 10. As addition�l and collateral security for the payment of the note described , aud all sums to become
<br /> ' due under this mortgag•e, the Mortgagor hereby assigns to the Mortgagee al] lease bonuses, profits, reve-
<br /> �' nucs, royalties, rights, ancl other benefits accruing to the Mortgagor under any and ali oil and gas 2eases
<br /> no�v, or during tiie life of this mortgage, executed on said premises, with the right to recei��e and receipt
<br /> for the same and app3y them to said indebtedness as well before as aftex• default in the conditions of this �
<br /> mui•t,�age, and, tlie Moi�tgagee may demand, sue for and recover any suclt payments when c3ue and pay-
<br /> able, but shall not be x•equit•ed so to do. This assignment is to terminate and become nul] and void upoil
<br /> release of this moi•tgage.
<br /> ; 11 . He shall not commit <u� permit' �vaste ; and shall maintain the property in as good condition as at
<br /> present, reasonable ��-ear and teax• excepted. Upon any failure to so maintaiii, Moi•tgagee, at its option,
<br /> may- causc reasonal�ie maintenance work to be performed at the cost of Mortgagor. Any amounts paid
<br /> ;, therefor by Moi•tgagee shall bear interest at the rate provided £or in the principal indebtedness, shall *
<br /> thereupon become a part of the indebtedness secured by this instrument, ratabl.v and on a parity with all
<br /> other indebtedness seeut•ed hereby, and sh,all be payabie thirty (30) days after clemand.
<br /> 12. If the premises, or any part thereof, be condemned under the po�i�ei� of erninent domain, or
<br /> acquired for a public use, the damages awarded, the proceeds for the talcing of, or the consideraCion for
<br /> such acquisition, to the extent qf the full amount of the remaining unpaid indebtedness secured by this
<br /> mortgage, or hereby assigneci to the Mortgagee, and shall be paid for•thwith to said Mortgagee, to be
<br /> applied on account of tlie last maturing installments of such indebte8ness.
<br /> 13. If the D1oi•tg•agor fails to make any payments when due, ox• ta conform to and comply with any
<br /> of the eonditions ox• agx•eements contained iii this mortgage, ar the notes ���hich it secures, then the
<br /> entire principal sum and accrued interest shall at once kiecome due and payable, at the election of the
<br /> ��urtgagee ; and this mortgage may thex•eupoii be foreclosed immediatelY Yor the ���hole of thc indebted-
<br /> ness hereby secured, inc]uding the cost of extending the abstract of title from 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 account of the guaranty or insurance of the indebtedness secui•ed hcrcby, all of which ,
<br /> shall be included in the decree of foreclosure.
<br /> 14: If the indebtedness secured hereby be guaranteed oi• insui•ed under Titie 38, United States Code, ��. _,.,. �
<br /> such Title and Itegulations issued thereunder and in effect on the date hereof shall govern the rights, duties , � ' `�:r ;�'''�
<br /> and liabilities 'of the 'parties hereto, and any provisions of this or other instruments executed in connection . � s,
<br /> with said indebtedness which are inconsistent with said Title or Regulations are hereby amended to
<br /> conform thereto. �sE
<br />� , The cocenantb hereixr contairied shall bind, and the benefits and advantages shall inare to, the a " I
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