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<br /> G. If he fuils to pay any sum or keep any covenant provided for in this mortguge, the Mortgugee, at
<br /> its option, may pay or perform the aume, and all expenditurea so made shall be added to the principal aum
<br /> owing on the above note, shall be secured hereby, and shall bear interest until paid at the rate provided
<br /> � forin the principalindebtedness.
<br /> 7. Upon request of the hlortgagee, Mortgagor ahall execute and deliver a supplementul note or notcs '
<br /> for the sum or sums advanced by Mortgngee for the alteration, modcrnization, or improvement mnde at �
<br /> the Mortgngor's rcquest ; oi• for maintenance of suid premises, or for taxes or ussessments against the �
<br /> same, and for any other purpose else�vhere authorized hereunder. Said note or notes shall be securod �
<br /> hereby on a parity �rilh and as fully as if the advance evidenced thereby �t•ere included in the note first V ,
<br /> described flUove. Said supplemcntal note or notes shall bear interest nt the rafe provided for in the prin- • �
<br /> cipnl indebtedness :iud shall be payable in approximately equal montlily paymcnts for such period as may ;_ �
<br /> be ngrecd upon by thc lIortg.�gee and Mortgagor. Failin�r to agree ou the mlturit��, the �rhole of the sum ^
<br /> or sums so advanced shail be due and plyable thirty (30) days after demand by thc llioi•tgngee. In no T� `
<br /> event shall the m�turity estend beyond the ultimatc maturity of the note first descriUed above. ��I ;
<br /> 8. IIc liereby assigns, transfers nnd sets over to tlie Mortgagce, to be applied toward tfie payment of �
<br /> � thc note and all sums secured hereby in case of a default in the performancc of auy of the terms and cundi- � ,
<br /> tions of this mortgage or the snid note, all the reuts, revenues and income to be derieed from the mort- �
<br /> gaged premises during such time as the mortgage indebtedticss sh111 i•emain unpaid ; and the lfortgagee
<br /> shall hzve po��•er to nppoint any ageut or agents it may desirc for the pm•pose of renting the same and col-
<br /> Iecting the rents, revenues and income, and it may pay out of said incomes all necessary commissions and
<br /> expenses incurred in cenling and ml�inging the same and of collecting rentals thereCrom ; the balunce �
<br /> remaining, if �uiy, to be applied to�varci the dischai•ge of said mortgage iudebtedness.
<br /> 9. He «•ill co�itinuously maintain hazard insui•ance, of sucli tppe oi• t��pes and amotmts as 1lortgagee �
<br /> may from time to timc require, on the improvements now or hereafter on said premises and except «�hen
<br /> pa��tnent for all such prr.tniums has theretofore Ueem m�de under (c�) of paragraph 2 hereof, ��•ill pay �
<br /> promptly �vhen due :my prcmiums therefor. Upon default thereof, BlorLgagcc may pay the same All '
<br /> insurance shnil be curricd in compnnies approved Uy the Dfortgagce nnd the policics atnd rene�cals thereof
<br /> : � shall be heid by the 1[orlgagee and huve attached thereto loss payable clauses iu faror of and in Corm
<br /> �cceptable to the liortgagee. In event of loss ➢fortgagor u�ili gi��e immediate notice by n,��u co tt�� nro,�t-
<br /> gagee, �vlio may malce proof of loss if not made promptly by �Iortgagor, and each iusurance company con-
<br /> cerned is liereby autt�orized .md directed to make payment for such loss directiy to the llortgagee instend
<br /> of to tlie Jfoi•tgagor ;uid the nlortgagee jointly, and the insurance pi•oceeds, or any part thereof,
<br /> ma�� be npplied by the Mortgagee at its option eifher to the reduction of the indebtedness hereb�• secured
<br /> or to the restoratiou oc repair of the property d�maged. In event of foreclosurc of this mortgngc, m• other
<br /> transfer of title to the roortgaged pi•opei•ty in extinguishmeut of the indcbteciness secui•ed hereby, all
<br /> right, title and interest of the Diortgagor in and to any insw•ance policies then in force shall pnss to the
<br /> purchaser or grnntee.
<br /> ; 10. As additional :uid collaternl security for the pa}�ment of the nute described, and a11 sums to become
<br /> due under this mortgagc, the llortgagm• hercUy assigns to thc \fortgngee .ill lease bonuses, i�colits, rece-
<br /> nues, rot�alties, rights, nnd other benefits accruing to the llortgagor under any aud all oil and gas lcases
<br /> nou�, or dw•ing tiie life of this mortgage, e�ecuted on s:iid premises, �cith the right to receice aud receipt
<br /> f01' tllC SAII7C SUIII II�)�1I1' tlll'lll �O SAid indebtedness as ��•ell before as aftcr default in Uic conditions ot this
<br /> mortgage, nnd the lfortgagce may demand, sue for und recover an�' such pa�•meiits ���hen due and pay-
<br /> s '� ablc, but shall not be reyuircd so to do. This assignment is to tcrminate and become uull and �•oid upon
<br /> � 'i rcicase of this mortgage.
<br /> 1 ] . He sh.ill not commit or permit �vaste ; aud shall maintain the propert�• in as good conditiou as .it
<br /> present, rcusonable �cenr aud lenr excepted. Upon any failure to so maintain, blortgagce, �t its option,
<br /> may cause rensonable mainteuauce «rork to be perfm•med nt the cost of .liortgagor. Any� amoa�its paid
<br /> ' ' thcrefor by Murtgagcc shall bear interest at Uie i•afc pro�•ided for iu lhc principal indebtcdness, sliall
<br /> lhereupon become a pnrt of the indebtedness secured by tl�is iustrument, ratnbl�� aud on a pariL�� «�ith all
<br /> �' • other indebtedness secured hereby, 1nd shall be payable thirty (30) days after demand.
<br /> j 12. If the premises, or any plrt thercof, bc condemued uiider thc po���er of emineut domnin, or �
<br /> acquired for a public use, tl�e damages awarded, the proceeds for the taking oC, or the consideration for
<br /> such acquisitimi, to the exteut of the full amount of the remaining unpaid indebtedness secured by this
<br /> mortgnge, or hereUy assignecl to the hiortgngcc, and shall be paict forth��•ith to said 1lfortgagee, to be
<br /> applied on account of U�e last mntui•ing instnllments of sucli indebtedness.
<br /> 13. If the Dlortgagor fails to mnke any payments �ti•hen due, or to conform to and comply �sith any
<br /> of thc conditions or agreements contnined in this mortgage, or the notes �chicli it secures, then the
<br /> eutire principul sum and accrued interest shnll at mice become due and pn��nble, at the election of the
<br /> Dtortgagee ; and this mortgage mny thereupon be foreclosed immediately for the ���hole of the indebted-
<br /> ness hereby secured, inchuling the cost of extending the abstract of title firom ihe date of lhis mort-
<br /> gnge to the time of commencing sach suit, a rensonable attorney's fee, and auy sums paid by the Veterans t
<br /> Administrution on nccutuit of the guttrnnty or insurance of the indebtedness secured hereby, all of tvliich �"y � {;� � �
<br /> shnll be included in the decree of foreclosure. ' /
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<br /> 14. If the indebtedness secured hereby be gunranteed or insured under Title 38, United States Code, � �e 1
<br /> such Title nnd Regulntions issued thereunder and in efFect on thc date hereof shall govern the rights, duties '"' "
<br /> nnd liabilities of the parties hereto, and any pro��isions of this or other instruments eaecuted in connection � '
<br /> with said indebtedness which nre inconsistent witlt said Title or Itegulations nre hereby amended to
<br /> wnform thereto. . ,
<br /> ' The covenants hcrein contAlI1CCI shull bind, and the benefits and ttdvantages shall inure to, the
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