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<br /> � 6. If he fails to pay any sum or keep any covenant provided fur in this mortgage, the Mort�agee, st
<br /> � ite option, may pay or pei•fox•m the same, and all expenditures so made ahall be added to the principal eum
<br /> � owin on the above note, shall be secured hereb and ahall bear interest until aid at the rate
<br /> �. S y, p provided
<br /> I p Yor in the principal indebtednesa.
<br /> _ ?. Upon request of the Mortgagee, Mortgagor shall execute and deliver a supplemental note or notes i
<br /> ^ for the aum or suma advanced by Mortgagee for the alteration, modernization, or improvement made at
<br /> h the Mortgagor'a request ; or for maintenance of said pi•emises, or fox• taxes oi• assessments agsinst the
<br /> asme, and for any other purpose elsewhere suthorized hereunder. Said note or notea ahall be aecured
<br /> hereby on a parity with and as fuily as if the advance evidenced thereby �+•ere included in the note firat
<br /> described above. Said supplemental note or notes shall bear intereat at the rate provided for in the prin-
<br /> cipal indebtedness and shall be payable in approximately equal monthly payments for auch period as may
<br /> be agreed upon by the Mortgagee and Mortgagor. Failing to agree on the matw•ity, the Khole of the sum
<br /> or sums so adeanced shall �e due and payable thirty ( 30 ) days after demand by the blurtgagee. In no
<br /> event ahall the matui•ity extend beyond the ultimate maturity af the note first described above.
<br /> 8. He hereby assigns, transfers and sets o��er to the Mortgagee, to be applied toK�ard the payment of
<br /> the note and all suma secw�ed hereby in case of a default in the performance of an�� of the terms and condi-
<br /> tiona of this rnortgage or the said note, all the rents, revenues and income to be derired from the mort-
<br /> gaged premiaes during such time as the mortgage indebtedness shall remain unpaid ; and the :�lortgagee
<br /> shall have power to appoint any agent or agents it may desire for the purpose nf i�enting the same and col-
<br /> lecting the renta, revenuea and income, and it may pay out of said incomes all necessary commisaions and
<br /> expenaes incurred in renting and managing the same and of collecting rentals therefrom ; the balance
<br /> remaining, if any, to be applied to«•ard the discharge of said mortgage indebtedness.
<br /> 9. He will continuously maintain hazard insurance, of such type or types and amoui�ts as Mortgagee
<br /> ma.v from time to time require, on the improvements now or hereafter on said premises and rxcept when
<br /> payment for all such premiums has theretofore been made w�der ( a ) of pai•agi•aph 2 hereof, �vill psy
<br /> promptly when due any pr��n�iums therefor. Upon default thereof, Mortgag��e ma,v pay the same. All
<br /> insurance shall be carried in companies approced by the Mortgagee and the policies and rene���als thereof
<br /> shall be held by the 9lortgagee and have attached thereto loss pa��able clauses in fa �•or of and in form
<br /> acceptable to the Murtgagee. In event of losa Mortgagor «�ill gi ��e immediate notice b�- mail to the Mort-
<br /> gaYee, who may make proof 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 ]oss dirertiy to the Afortgage�> instead
<br /> of to the :�Iortgagor xnd the Mortgagee jointly, and the insurance piroceeds, or any part thereof,
<br /> may be apfllied by the Mortgagee at its option either to the reductiun of the indebtedness hereby aecw�ed
<br /> oi• to the rc:storation or repaii• of the pi•operty damaged . In e��ent of foreclosure of this moi•tgage, or other
<br /> transfer of title to the mortg•aged property in extinguishment of the indebtedness secured hereby, a11
<br /> right, title and interest of the bfortgagor in and to any inaurance policies thrn in force shall paas to the
<br /> pm•chaser or grantee.
<br /> 10. As additiunai and collateral security for the payment of the note describ��d , au�i all sums to become
<br /> due under this mortga�e, the Mortgagor hereby assigns to the 3lortgagee all lease bonuses, protits, re��e-
<br /> nues, royalties, rights, and other benefits accruing to the Martgagor undcr any and all oil and gas leasea
<br /> now, or during tne lif'e of this mortgage, executed on said premises, with the right to recei�•e and receipt
<br /> for the same and appl� them to said indebtedness as �cell before as after clefault in the conditions of this
<br /> murtgage, and the Mortgagee may deman3, sue for and recocer any such pa�•ments ��-hen due and pay--
<br /> able, but shall not be reyuir�d so to do. This ussignment is to terminate and become null and coid upon
<br /> release of this mortgage.
<br /> 11 . He shall not commit ur permit waate ; and shall maintain the pru�ert�• in as good condition as at
<br /> present, reasonaUle ���ea►• and tear escepted. Upon any failure to so maintain , Mortgdgee, at its option,
<br /> may cause reasonabie maintr�nance �vork to be performed at the cost of Mortgagor. Any� amounts paid
<br /> therefor by Murtgagee shall bear interest at the rate pro�•ided for in the principal indebtedness, shaU
<br /> thereupon become a part of the indebtedneas secured by this instrument, ratabl�• and on a pai- ity� �+ ith all
<br /> other indebtedness secured hereby�, and shall be payable Uiirty ( 30 ) days aftrr demand.
<br /> 12. If the premisea, or any part thereof, be condemned under the po�� rr of eminent domair., or
<br /> acquired for a public use, the damsges awarded, the proceeds foi• the taking of, or the consideration for
<br /> auch acquisition, to the extent of the full amount of the remaining unpaid indebteduecs secured by this
<br /> mortgage, or he!•eby assigned to the Mor•tgagee, and shall t�e paid furth �+� ith to said Mortgxgee, to be
<br /> applied on account of the last maturing installments of such indebtedneas.
<br /> IS. If the Moi•tg�agor faila to make anv payments when due, or to conf'oi•m to and comply H� ith an3�
<br /> of the conditions or agreements cuntained in this murtgage, or the uutes �chich it securee�, then the
<br /> entire prin<� iFal sum xn�9 ACCI'UPd interc�st sl�all at or.cc become duc ac:d pay :; l� ;, , at tli < < I��cti�u �,t tLr
<br /> Mortgagee ; and this mortgage may thereupon be foz•eclosed immediatel�� for the �rhule uf the in3ebted-
<br /> neas hereby secured, inciuding the cost of extending the abstract of title from the date of this mort-
<br /> �'a�e to the time of commencing such suit, a resao�iable ettorney 's fee, and an� sums paid b�� the �'eterans
<br /> Adminiatration on account uf the guaranty o1• insurxnce uf t}te indebtednesa secured hrreby, ali of' which � .
<br /> ahall be included in the decree of forecloaure.
<br /> 14. If the indebtedness aecured hereby be �uarantec�a9 ur insw�ed under Title 38, I'nited States ('ode, z; x�` .�
<br /> auch Title and Re�ulationa isaued thereunder and in effect on the date hereof shall govern the righta, duties � „ ,�
<br /> and liabitities oY the parties hereto, and any provisions of this or other inatruments exrcuted in connertion
<br /> i �' '
<br /> witJi afid indebtedneas w�hich are inconsistent with suid Title ur ReAulations are hrreb�• arnended tio
<br /> conform thereto.
<br /> The covenants herein contained ahall bind, and the benefits and sdvantsges sha11 inure to, the ...
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