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<br /> � 6. If he fails to pay any sum or keep any covenant provided for in this mortgage, the Mortgagee, at
<br /> its op�ion, may pay or pex•form the same, and all expenditures so made shall Ue added to the principal sum
<br /> owing on the above note, shall be secured hereby, and shall bear interest until paid at the rate provided
<br /> for in tiie principal indeUtedness.
<br /> `7. Upon request of the Mortgagee, Mortgagor shall execute and deliver a supplemental note or notes
<br /> (� for the sum or sums advanced by Mortgagee for the alteration, modernization, or improvement made at
<br /> � the 1VIoi•tgagor's request ; or for maintenance of said prernises, ox• for taxes or assessmerits against the
<br /> same, and for any other purpose elsewhere authorized hereuudei•. Said note oi• notes shall be secured
<br /> hereby on a parity �vith and as fully as if the advance evidenced thex•eby �vere included in the note first
<br /> described above. Said supplemental note or notes shall bear interest at the rate pF•ocided for in the prin-
<br /> cipal indebtedness and shall be payable in approximately equal monthly payments for such period as may
<br /> be agrecd upon by the 14Toz•tgagee and Mortgagor. Failing to agree on the maturity, the whoIe of the sum
<br /> or sums so advanced shall be due and payable thirty ( 30) days after demand by the Mox•tgagee. In no
<br /> eveut shall the maturity extend beyond the uitirnate maturity of the note first descx•ibed above.
<br /> 8. He hereUy assigns, transfers and sets over to the 1�Sort�agee, to be applied toward the payment of
<br /> the note and all sums secured hereby in case of a default in the performance of an,y of the terms and condi-
<br /> tioiis of this moi•tgage or tl�e said note, all the rents, revenues and incoine to be derived from the mort-
<br /> gaged ��remises during such time as the mortgage indebteduess shaIl remain unpaid ; and the Mortgagee
<br /> shall have po�ver to appoint any a�ent or agents it may desire for the pw•pose of i•enting tlie same and col-
<br /> lecting the rents, x•evenues and income, and it may pay out of said incomes all necessary com�nissions and
<br /> expenses incurx�ed in rentiug and rnanaging the same and of collecting x•entals therefrom ; tlie balance
<br /> remaining, if any, to be app]ied to�i�ard the discharge of said moz•tgage indebtedness.
<br /> � 9 . He �vill continuously inaintain hazard insurance, of such type or types and amouiits as Mortgagee
<br /> may from time to tiine re�uire, on the improvements now or hereafter on sazd premises and except when
<br /> payment for all such premiums has theretofore been made under ( ¢ ) of paragraph `l hereof, �viII pay
<br /> px•omptly �vlien due an,v pl�emiums therefor. Upon default thereof, Mortgagee may pay the same. All �
<br /> � insurance shall bc carried in companies appiroved by the Mortgagee and the policies and renewals thereof
<br /> ` sliall be ]teld by '�he D:o•rtgagee and have atiached there 'to ioss payable clauses in favor of and in form
<br /> �` acceptable to the D4oi•tgagee. In event of loss Mortgagor «�ill give immediate iiotice by �nail to the Mort-
<br /> gagce, �vho may make proof of loss if not made promptly by Mortgagor, and each insurance company cou-
<br /> cei•ned is hereby authorizecl and directed tc make paymeut for such ]oss directly to the blortgagee instead
<br /> w of to the Mox•tgagor znd tlie DZortgagee jointl,y, and t}� e insurance proceeds, or any part thereof,
<br /> may Ue applied by the Mortgagee at its option either to the reduction of the indebtednc�ss hereby secured
<br /> oi• to the restoi•ation or i•epair of the propei•ty damaged. In event of foreclosure of this mortgage, or other
<br /> transfer oY title to the mortg•aged property in extinguishment of the indebtedness secured hereby, all
<br /> K right, title and interest vf the 117ortgagor in and to any insurance policies then in force shall pass to the
<br /> purchaser or grantee.
<br /> «� 10. As addition.�l �nd coilateral security for the payment of the notc described, and all sums to becorne
<br /> due under this mortg<ige, i6c Mort�agor hereby assigns tu the Mortgagee all ]ease bonuses, pxrofits, reve-
<br /> nues, royalties, rights, and other benefits accruing to the Mort�agor under any and all oii and gas leases
<br /> ° no��•, or during tne lii'e of this mox•tgage, executed on said �i•emises, �vith the right to receive and i•eceipt
<br /> , for the same and appiy thein to said indebtedness as �vell before as after def'ault in the conditions of this
<br /> moi•tgage, and the nloi•tg•agee� may demand , sue for and reeover any such payments �R�hen due and pay-
<br /> ablc, but shall not be required so to do. This assignment is to terminate aud become null and void upon
<br /> release of this mortgage.
<br /> 11 . He shall not commit or pei-mit waste ; and shall maintain the property in as good condition as at
<br /> present, reasalable ���eaz• and tear excepted. Upon aiiy failure to so maintaiii, Mortga�ee, at its option,
<br /> may cause re.asonaUle maintenance ���ork to be performed at the cost of Mort�agor. �ny amounts paid
<br /> tlicr•efor by Murtgagee shall Uear interest at the rate provided for in tlie pi•incipal indeUtedness, shall
<br /> ; thereupon become a part of the indebtedness secured by this instrument, ratably and on a parity �vith all
<br /> other indebtedness secux•ed hereby, and shall be payable thirty ( 30 ) days after dem:ind.
<br /> #; 12. If the premises, or any part thereof, be condemned under the po�aer of eminent domain, or
<br /> I acquired for a public use, the damages awarded, the proceeds for the tal:ing of, or the consic?eration for
<br /> such acquisition, to the exteut of the fiill amount of the rernaining unpsid indebtedness secured Uy this
<br /> mortgage, or hereby assigned to the Mortgagee, and shall be paid forth ���ith to said Mortgagee, to be
<br /> appliecl on account of the last rnaturing insta]]ments of sucli indebtediiess.
<br /> l3 . If the nloi•tg�agor fails to make anv pa���nents �vhen due, or to conform to and comply with any
<br /> of the conditions or agreements contained in this mortgage, or the notes �tliich it sectir•es, then thc
<br /> entire principal sum ancl accrued interest shall at once become due and pay-able, at the election of the
<br /> D4ortgagee ; and this rrioi•tgage may thereupon be fareclosed immediately� for the �� liole of the iiidebted-
<br /> ness herebY secure.d , includin� the cost ofi extending the abstr.act �7f title ft•�m t'i�c> date oP this mort- �
<br /> gage to the time of cwnmeiicing sucli suit, a z•easonable attorne,v's fee, and any sums p�id I.i�� the Veterans
<br /> Administration on account of' the guaranty or insurance ot the indebtcdness secured hereb5�, all of which
<br /> shall be included in the decree of fareclosure.
<br /> 1�. It the indebtedness secured hereby be guarantced or insured unrlee Title ;�8, United States Code, '"� � < ^`�''a.
<br /> such Title and P.egulations issucd thereundcr and iu effect on tlic date hei•cof shall gocez•n the rigl�ts, �3uties ' " f
<br /> .,. �{.
<br /> and liabilities of the parties hereto, and any provisions of this ar other instruments executed in connection
<br /> � with said indebtedness which are inconsistent with said Titie or Regulations are hereb,y amended to
<br /> conform theretp. � ,� � '°
<br /> The covenants herein c.nnt:ain� sl:vll bir.d, aad the ben�fits and advanta�<--s sha;; ;ni; ��e to, t 'r�e rv�t �
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