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<br /> SA�Mort�� gor � �re ��s tPat � hc�uld c �ie Vet� rang Admiqisr� ra� ; on iur a �� v re�s ���4� ot
<br /> issue a uara y un r e rov s ons u the ervicemen s ea � ustr,� ent t�tt o
<br /> as amended , aad the rules and regulations issued puisuant theret � , w : t : . ii: 9u days Ir �m
<br /> the date the entire proceeds of the loan secured by tt � is m� rt ,age are disbursed ,
<br /> mort �agee may at its option declare a1. 1 sums secured her. eby inunediately due and
<br /> payable .
<br /> r6. If he Ysils to psy any sum or keep any covenant provided for in thia mortgage, the MortgaQee, at
<br /> ite option, may pay or perform the eame, and all expenditurea so made shall be added to the principal eum
<br /> owing on the above note, shall be secured hereby, and shall bear interest until paid at the rate provided
<br /> for in the principal indebtedneaa.
<br /> C:� 7. Upon requeat of the Mortgagee, Mortgagor ahsll execute and deliver a supplemental note or notes
<br /> � '� Por the sum or sums advanced by Mortgagee for the alteration, modernization , or improvement made at
<br /> u^ the Mortgagor's request ; or for maintenance of said premisea, or for taxes ur assessments againat the
<br /> � same, and for any other pux•pose elaewhere authorized hereunder. Said note or notes shall be secured
<br /> � hereby on a parity with and as fully as if the advance evidenced thereby ��'ere included in the note first
<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� pxyme�its for such period as may
<br /> be agteed upon by the lffortgagee and Mortgagor. Failing to agree an Lhe maturit3�, the µ�hole of the sum
<br /> or sums so advanced shall �e due and payable thirty ( 30) days aftei• demand by the 91oi•tgagee. In no
<br /> event shall the matm•ity extend beyond the ultimate maturity of the note first desrcibed above.
<br /> S. F�Ie hereby assigns, transfers and sets over to the Murtgagee, to be appli��d toH�ai•d the payment of
<br /> the note and all sums secured hereby in case of a default in the performance of' an�� uf the terms and condi-
<br /> tio�is of this mortgage or the said note, all the renta, revenues and income tu be dei•i ��ed from the mort-
<br /> gaged premises during such time as the mortgage indebtedness shall remain unpaid ; and the Mortgagee
<br /> ahall have power to appoint any agent or agents it may desire for the purpose of rc:i�ting the same and col-
<br /> lecting the rents, revenues and income, and it may pay out of said incomes all necessary commisaions and
<br /> expenses incurred in renting and managing the same and of collecting rentals therefrom ; the balance
<br /> remaining, if any, to be applied toward the diacharge of said mortgage indebtedness.
<br /> 9. He will continuously maintain hazard insurance, of such type or t}�pes and amow�ts a� il7ortgagee
<br /> may from time to time rec�uire, on the improvementa now or hereafter on said pi•emisea and except �vhen
<br /> pa��ment for all such premiums has theretofore been made under ( a ) of paragraph "L hereof, �aill psy
<br /> promptly when due any premiums therefor. Upon default thereof, Mortgagf�e map pay the same. A❑
<br /> insurance shall be carried in companies approved by the Mortgagee and the policies and rene ���als thereof
<br /> shall be held by the 3�ortgagee and have attached thereto loss payable clauses in fa� or of and in form
<br /> acceptable to the biortgagee. In event of loss Mortgagor �+� ill give immediate notice by mail tu the Mort-
<br /> ga�ee, who may make proof uf losa if not made promptly by Mortgagor, and each insurance company con-
<br /> cerned is hereby authos•ized and directed to make payment for such loss directly to the Jiortgagee instead
<br /> of to the Mortgagor and the fiiortgagee jointly, and the insurance Nroceeds, or xny part thereof,
<br /> may be api�lied by the Mortgagee at ita option either to the reduction of the in�lebtednesa hereb�� secured
<br /> or to the restoration or rcpair of the property damaged. In e�•ent of foreclosure oT' this mortgage, or uther
<br /> tranafer of title to the mo!•tgaged property in extinguisliment of the indebt��dness secured hei•eby, all
<br /> right, title and interest of the :�iortgagor in and to any inaurance policies then in furce sha11 pans to the
<br /> purchaeer or grantee.
<br /> 10. As additiontil and collateral security for the pa��ment of the note d��scrilx�d , aud all sums tu I�ecome
<br /> due under this mortgage, the Mortgagor hereby assigns to the 34ortgagee all ]ease bonuses, profits, re�-e-
<br /> nues, royaltiea, rights, and other benefits accruing to the Moi•tgagor under an�� and all oil and gas leases
<br /> now, or dui•ing tne life of this mortgage, executed on said pi•emises, ��• ith th� right to i•ecei�•e and i•eceipt
<br /> for the same and appl}- them to said indebtedness as «-ell before as after default in the conditions of this
<br /> mortgage, and the Mortgagee may demand, sue for and reco��er any such pa}•ments ���hen due and pay-
<br /> able, but shall not be reyuired so to do. This asaignment is tu terminate and become null and void upon
<br /> release of thia mortgage.
<br /> 11 . He shall not commit or permit waste ; and shall maintain the prupert�• in as g<�ud cundition as at
<br /> present, reasonable �sear and tear excepted. Upun any failure to so maintain , Mc�rtgagee, at its option,
<br /> may cause reasonabie maintenance work to be performed at the cost of Mortgagor. Any� amuunts paid
<br /> therefor by Murtgagee shall bear interest at the rate pro�•ided for in the pcincipal indebtednesa, shall
<br /> thereupon become a part of the indebtednesa secured by this instrument , ratably and on a parity N• ith all
<br /> other indebtedness secured hereby, and shali be payable thirty ( 30 ) days after demand.
<br /> 12. If the premises, or any part thereof, be condemned under the po�cer of eminent domain, or
<br /> acquired for a public use, ttie damages awarded, the proceeds foi• the taking of, or the consideration for
<br /> auch acquiAition, to the extent of the full amount of the remaining unpaid indcbtednc�,s secw ed by this
<br /> mortgage, or hereb�� assigned to the Mortgagee, and shall be paid f��r•th ��• ith tn s;ii �l M�� rtgagec�, to bt�
<br /> applied on account of the last maturing installments of such indebtednesa.
<br /> 13. If the Mortg•agor faila to make anv payments when due, or to confw•m to and comply w•ith any
<br /> oY the conditiona or agi•eementa contained in this mortgage, or the notes �� hich it secures, then the
<br /> entire principal sum and accrued intereat shall at once become due and payable, at the election of the 4
<br /> Murt�agee ; and thia mortgage may thereupon be foreclosed immedistely for the «-hule uf the indebted-
<br /> neee hereby secured, including the cost oP extending the abstratt of title from the date of this mort-
<br /> � �aye to the time of commencinY such suit, a reaaonable attorney's fee, and an �� sums paid by the Veterans '^
<br /> Administration on account of the puaranty or inaurance of the indebtedness secw•ed hereUy , ail c,f which
<br /> sha11 be included in the decree of foreclosure. �'
<br /> 14. !f the indebtedness secured hereby be guaranteed or insured under TiUc 38. L'nited States Code,
<br /> auch Title and ReQulationa isaued thereunder and in effect on the ��ate hereof shall go��ern the rights, duties
<br /> and liabilities of the parties hereto, and any provisions of this or other instruments exc�cute•d in connection
<br /> with said indebtedness which are incon�istent with said Title or I�egulations are herel>y amended to
<br /> coniorm thereto.
<br /> The covenanta herein contained ahali bind, and the benefits and ad �•antage, shall inurv� h �, th . �
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