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<br /> $. If he fails to pay any sum or keep any covenant provided for in this mortgage, the Mortgagee, at
<br /> its option, may pay or pei•foi•m the same, and all expenditux•es so made shall be added to the principal sum
<br /> o«•ing on the above note, shall be secured hereby, and shall bear interest until paid at the rate provided
<br /> fox• in theprincipal indebteciness.
<br /> � 7. Upon request of the Mox•tgagee, Mortgagor shall execute and deliver a sui�plemental note or notes
<br /> for the sum or sums advanced by Mortgagee for the alteration, modernization, m• improvement made at
<br /> the Mortgagor's request ; or for maintenance of said premises, or for taxes or assessments against the
<br /> same, and for any other purpose elsewhere authorized hereunder. Said note or notes shall be secured
<br /> hereby on a parity witix ancl as fully as if the advance evidenced thereby were included in the note first
<br /> described above. Said supplemental note or notes shall bear interest at the rate provided for in the prin-
<br /> cipal inaebtedness and shall bc payable in approximately equal monthly payments for such period as may
<br /> be agreed upon by the NIoa•tgagee and Mortgagor. Failing to agree on the maturity, th.e whole of the sum
<br /> or sums so advaneed shall be clue and payable thirty ( 30 ) days after c3emand by the Mortgagee. In no
<br /> r event shall the maturity e�:tend beyond the ultimate maturity of the note first described above.
<br /> $. He hereby assigns, tx•ansfers and sets over to the Mox•tgagee, to be applied toward the payment of
<br /> the iiote and all sums secured hei�eby in case of a default in the perfoimance of any of the terms and condi-
<br /> tions of this mortgage ox- the said note, all the rents, revenues and income to be derived from the moi•t�
<br /> gaged premises during such time as the moz•tgage indebtedness shall remain unpaid ; and the DZortgagee
<br /> shall have po�ver to appoint any agent or agents it may desire for the purpose of renting the same and eol-
<br /> lecting the rents, revenues and income, and it may Pay out of said incornes all necessax•y commissions and
<br /> expenses incurred in renting and managing the same and of collecting rentals therefrom ; the balance
<br /> remaining, if any, to be tipplied toward the discharge of said mortgage indebtedness.
<br /> 9. He will continuously rnaintain hazard insurance, of such type or types and amounts as Mortgagee
<br /> msy from time to time require, on the improvements now ox• hereafter on said premises and except when
<br /> pati�ment f.or all such prcmiums has theretofore been made under ( a ) of paragraph 2 hereof, �vill pay
<br /> promptly> when due an,y premiums therefor. Upon default thereof, MorCgagee may pay the same. All
<br /> insurance shall be carried in companies approved by the Mortgagee and the policies and rene�vals thei•eof
<br /> sh :ill Ue held Uv the Moi•tgagee and have attached thereto loss payable clzuses in favor of and in form
<br /> acceptable to the NTortgagee. In event of loss Mortgagor will give immeeliate notice by rnail tv the Mort-
<br /> gagee, �vho may ma]ce Proof of loss if not made promptly by Mort�agor, and cach insurance company con-
<br /> cerned is liereby authorizecl and directed to make payment for such loss directly to the Mortgagee instead
<br /> 4 of to the Mortgagot- 1nd the bYortgagee jointly, and the insurance proceeds, or any part thereof,
<br /> may be applied by the Mortgagee at its option either to the reduction of the indebtedness hereby secured
<br /> or to the restoration or repair of the px•operty damaged. In event of foreclosure o}' this mort�age, or other
<br /> transfer of title to the mortgaged property in extinguishment of the indebtedness secured hereby, all
<br /> ri�ht, title and interest of the Mortgagor in and to any insurance policic:s then in force shali pass to the
<br /> , purchaser or grantee.
<br /> 10. As addition<rI and collateral security for the payment of the notc described, �ind all sums to become
<br /> due under this mortgage, the Dlortgagor hereby assib>ns to the 111w•tgagee all lease bonuses, profits, reve-
<br /> nues, royalties, i•ights, nnd othei• benefits accruing to the Mor•tg�gor under any and all oil and gas leases
<br /> now•, or during tne life of this mortgage, executed on said premises, �vith t11e i•ight to reccive and i•eceipt
<br /> for the same and appl �� theru to said indebtedness as �vell before as after default in the eonditions of this
<br /> mortgage, and the n'Iartgagee may demand, sue for ana recover any such payments �4�hen due and pay-
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<br /> able, but shall not be required so to do. This assignment is to terminate and become null and void upon
<br /> - release of this morCga�e.
<br /> 11 . He shall not cotnmit or pet•mit �vaste ; and shall maintain the propei•ty in as b*ood condition as at
<br /> present, reasonaule ���ear and tear exeepted. Upon any failure to so maintain , Mortgagee, at its option,
<br /> � may cause reasonabic maintenance work to be performed at the cost of Mortgagor. Any amounts paid
<br /> tlierefor Uy Mortgabee shall bear interest at the rate provided for in the principal indebtedness, shall
<br /> tliereupon uecome a ��art oF the i�idebtedness secured by this instrument, ratabl,y aiid on a parity n�ith ali
<br /> ' other indebtedness secured hereby, and shall be �ayable thirty (30) days after demand.
<br /> 12. If the premises, or any part thereof, be condenmed under the po�ver of eminent domain, or
<br /> � acquired for a public use, the damages awarded, the pxroceeds for the t<ilcing of, or the consideration for
<br /> such acquisition, to the extent of the full amount of the remaining wipaid inc9ebtedness secured by this
<br /> mortgage, or hereUy assi`gned to the Mortgagee, zncl shail be paid forth�vith tu said Mortgagee, to be
<br /> applied on accou�it of the last matui•iiig installmeiits of such indebtedness.
<br /> 13. 7f the :ltortgagor fails to malce anp payments when due, or to conform to and comply ���ith any
<br /> of the conditions or a�reements contained in t}iis mortgage, or the notes �+�hich it secures, then the
<br /> entire principal sum aud accrued interest shall at once become due and paynble, at the election of the
<br /> R4ortgagee ; and this inoi•tgage may thereupon be foreclosed immediately for the �i�hole of the indebted-
<br /> ness hereby secured, : ncludi�zg the. cost of exten <ling the abstract of titic fi•om t}ie clatc of this mort-
<br /> gage to the time oY coinmencing such suit, a i•exsonai�le attorney's f'ee, and atiy strins plid by the Veterans
<br /> Administration mi ac�ount of the guaranty or insurance of the indebte<9ness seeiu�ed hereby, all of which
<br /> shall be included in the decree of forec]osure.
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<br /> 14. If the indebtedness secuz•ed her•eby be guaranteed oi• insui�ed undez� Title 38, United States Code, ""4w " `
<br /> such Title and Re�ulations issned thereunder and in effect on tlie cl�te hereoT shail go��ern the rights, duties �, iei� nw'.
<br /> and liabilities of the parties hereto, and any pi•ovisians of this ox� other instruments executed in connection � , ��
<br /> � with said indebtedness which are inconsistent with said Title or Re�ulations are hereby amended to '
<br /> � � confarm tk�ereto. � � � �� 9"`��� �
<br /> The covenants herein contained shall bind, and ' the benefits and advantages shall inure to, the
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