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<br /> � 77- �► 0f n ^ 't . �
<br /> 6. If he fails to pay any sum or keep sny covenant provided for in this mortgage, the Martgagee, at '
<br /> its option, may pay or perform the same, and all expenditures so made shall be added to the principal sum '
<br /> ow-ing on the above note, shall be secured hereby, and shall besr interest until paid at the rate provided
<br /> for in the principal indebtedness.
<br /> � 7. Upon request of the Mortgagee, Mortgagor ehall execute and deliver a supplemental notie or notes !
<br /> for the sum or sums advanced by Mortga�ee for the alteration, modernization, or improvement made at
<br /> the MorLgagor's reque�t ; or for maintenance of ssid premiees, or for taxes or assessments sgainst the
<br /> aame, and for any other purpose elsewhere suthorized hereunder. Said note or notes shall be aecured
<br /> hereby on a parity with and ss fnlly as if the advance evidenced thereby N�ere included in the note Rrst
<br /> deacribed above. Said supplemental note or notes shall bear interest at the rate provided for in the prin- !
<br /> cipal indebtedness and shall be payable in approximately equal monthly paymenCs for "such period as may
<br /> be ayreed upon by the biort�agee and Mortgagor. Failing to agree on the maturity , the whole of the sum
<br /> oi• sums so advanced shall be due and payable thirty (30) days after dernand by the MortQagee. In no �
<br /> event shall the maturity extend beyond the ultimate rnaturity of the note first described above. i
<br /> 8. He hereby assigns, transfers and aets over to the ASortgagee, to be applied toward the payment of �
<br /> the note and all sums secui•ed hereby in case of a default in the performance of any of the terms and condi-
<br /> tiona oP this mortgage or the said note, all the rents, revenues and income to be derived from the mort-
<br /> �a�ed premises durinY such time as the mortgage indebtedness shall remain unpaid ; and the Mortga�ee ;
<br /> s!►aU have power to appoint any agent or a�ents it may desire for the purpose of renting the same and col-
<br /> lectin� the rents, revenues and income, and it may pay out of said incomes all necessary commisaiona and �
<br /> expenses incurred in renting snd managing the same and of collecting rentals therefrom ; the bslance ;
<br /> remainin�, if any, to be applied toward the discharge of said mortgage indebtedness. �
<br /> 9. He wiU continuously msintain hazard insurance, of such type or types and amounts as Murtgagee �
<br /> may from time to time rem� ire, on the improvements now or hereafter on said premises and ezcept �vhen ;
<br /> payment for alI such premiums has theretofore been made under (a) of paragraph 2 hereof, w•ill psy
<br /> promptly when due any premiums therefor. Upon default thereof, Mortgagee may pay the same. AI! '
<br /> insurance shall be carried in companies approved by the Mortgagee and the policies and renewals thereof �
<br /> shall be held by the Mortgagee and have attached thereto loss payable clauses in favor of and in form �
<br /> acceptable to the Mortgagee. In event of loss Mortgagor will give immediate notice by mail to the Mort-
<br /> gagee, who may make pi•oof of loss if not made promptly by Mortgagor, and each insurance company con- '
<br /> cerned ia hereby suthorized and directed to make payment for such loss directly to the Ufortgagee instead
<br /> of to the ASortgagor and the Mortgagee jointly, and the insurance pruceeds, or any part thereof,
<br /> may be applied by the Moi•tgagee at its option either to the i•eduction of the indebtedness hei•eby secured �
<br /> or to the restorstion or repair of the property damaged. ln event of foreclosu►•e of th is mortgag^e, or other
<br /> tranafer of title to the ma•tgaged property in extinguishment of the indebtedness secured hereby, aU
<br /> right, title and interest of the Mortgagor in and to any insurance policies then in force sha11 pass to the
<br /> purchaser or �rantee.
<br /> 10. Aa additional and collatersl security for the payment of the note desc►•ibed, a tid all sums to become
<br /> due under this mortgage, the Mortgagor hereby assigns to the Mortgagee all lease bonuses, profits, reve-
<br /> naes, rnyalties, ri�hts, and other benefits accruing to the Mortgagor under any and all oil snd �as leases
<br /> now, or during the life of this mortgage, executed on aaid pi•emises, with the i•ight to receive and receipt
<br /> for the aame and apply them to said indebtedness as well before as after vefault in the conditions of this
<br /> tnort�a�e, snd the d1o►-tgagee may demand, sue for and recover any such payments when due and pay-
<br /> able, but ahall not be required so to do. This assignment is to terminate and become null and void upon
<br /> releare of this mortga�e. '
<br /> il . He shal! not commit or permit waste ; and shall maintain the property in as good condition as at '
<br /> present, reasonable H•ear and tear excepted. Upon any failure to so maintai �i, Mortgagee, at ita option,
<br /> may csuse reasonaUle maintenance work to be performed at the cost oi Mm•tgagor. Any amounts p.aid
<br /> tiierefor by Itortgagee shall bear interest at the rate provided for in the principal indebtedness, shs11
<br /> thereupon become a i�art of the indebtedness aecured by this instrument, ratably and on a parity with all
<br /> other indebtedness secured hereby, and shall be payable thirty ( SO) days after demand.
<br /> ' 12. If the premisea, or any psrt thereof, be condemned under the power of eminent domain, or
<br /> a�equired for a public use, the damages awarded, the prceeeds for the takinQ of, or the consideration for
<br /> such sequiaition, to the extent of the full amount of the remaining unpaid indebtedness secured by thia
<br /> mortga�e, or hereby assigned to the Mortgagee, and shall be paid torthwith to said Mortga�ee, to be
<br /> applied on acconnt of ttie last maturing installments of such indebtedness.
<br /> 13. If the bloitgagor fails to make anv payments when due, or to conform to and comply w�ith any
<br /> of tt�e oonditions or a�reements contained in this mortgage, or the notes which it secures, then the
<br /> eatare principal sum and accrued interest ahall at once become due and payable, at the election of the
<br /> Mortgagee ; and thiR moikqage may thereuF►on be foreciosed immediately for the ��•hole of the indebted- I
<br /> ness hereby aecured, ineluding the cost ot extending the abstract of title from the date of this mort-
<br /> ta�e to the time of commencin� auch suit, s resawiable attorney's fee, and any sams paid by the Veterans i
<br /> Adminiatration on account of the �uaranty or insurance of the indebtrdness secw•ed hereby, sll of which i �
<br /> sha7i be insluded in the deeree ot foreclosare. .,`
<br /> 1!. It the indebtedwaes secured hereby be guaranteed or insured under Title 38, United States Code, I `
<br /> � suth Titk aad Iit�tiittiems iasued ttsereunder and in effect on the date hereof shall �overn the rightc, duties
<br /> aad li�bilftias o[ the parties het�eto+, and aety provisions of this or other inatruments ezecuted in connectioa '
<br /> with said iadebte�as which are inconsisteat with said Title or ftegulations are hereby amended to
<br /> eaaT+ar� tlsereto. ' "�
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<br /> '1'he twvensnts hereia oantai�aed shall bind, and the iwnrfits and a �vantr�ges shall inure to, the �
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