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<br /> 6. If tie fails to pay any sum or keep any covenant provided for in this mortgage, the Mortgagee, at
<br /> its option, may pay ox• perform the same, and all expenditures so made shall be added to the principal sum
<br /> ocving ou the above note, shall be secured hereby, and-shall bear interest until paid at the rate provided
<br /> for in the, px•incipal indebtedness.
<br /> 7. Upon request of the Mortgagee, 1VIortgagor shall execute and de]iver a supplemental note or notes
<br /> for the sum or sums advanced by Mortgagee Tor the alteration, modernization, or improvement made at
<br /> tke Moi�tgagor's request ; or f�r maintenance of said premises, or for taxes or assessments against the
<br /> � � " same, and for any other pw•pose elsewhere authorized hereunder. Said note or notes shall be secured
<br /> hereby on a pax•ity �ti�ith and as fuliy as if the advance evidenced thereby K�ere ineluded in the note first
<br /> described above. Said supplemental note or notes shali bear interest at the rate pi•ovided for in the prin-
<br /> cipal indebtedness and shall be payable in appi•oximately equal monthly paymeiits for such period as may
<br /> ` Ue agreed upon by t}ie bTox•tgagee and Mortgagor. Failing to agx•ee on the matuc•ity, the �vhole of the sum
<br /> ox• sums so advaneed shall be due and payable thirty (30 ) days aftei• demand by the Mortgagee. In no
<br /> event shaii the inaturity extend beyond the ultimate matux•ity of the note first describecl above.
<br /> 8. He hereby assigns, transfers and sets over to the Mortgagee, to be applied toward the payment of
<br /> the note and all sums secured hereby in case of a default in the performance of any of the terrns and concii-
<br /> ` tio�is of this mortgage or the said note, aIl the rents, revenues and income to be derived from t]ie mox•t-
<br /> ` � ga�ed premises during such time as the mort�age indebtedness sha11 remain unpaid ; and the Mortgagee
<br /> shall have power to appoint any a�ent or agents it rnay desire for the purpose of renting the same and col-
<br /> ' lecting the rents, x•evenues and income, and it may pay out of said incomes all necessar•y commissions and
<br /> � expenses incurred in i•e�iting and managing the same and of coliecting rentals thex•efrom ; the balance
<br /> F; rernaining, if an,v, to be npplied to�vard the discharge of said mortgage indebtedness.
<br /> r. 9. ` He wili continuously maintain hazard insurance, of such type or types and amounts as Mortgagee
<br /> ?; tnly from time ta time reRuire, on the improvements now or hereafter on said premises and except when
<br /> �' :' payinent for ali sucli pi•emiums h�s theretofore been macle under (a) of para�ri•aph 2 hex•eof, ���ill pay
<br /> ` promptly �vlien due any pi•emiums therefor. Upon default thereof, Mo�•tgagee inay pay the same. All
<br /> i insurance sha11 be carried in companies approved by the 117ortgagee and the policies and renewats thereof _
<br /> = stiall be held by the Mox•tgagee and liave attached thereto loss payabie clauses in Favor of and in form
<br /> acceptable to the Moi•tgagee. In event of loss Mortgagor w�ill give iminec� iate T3otice by maii to the Mox•t-
<br /> gagee, �vno may rnaice proof oP loss if not made promptiy by lviortgagor, anc! each insurance company con-
<br /> cerned is hereby authorized and di �rected to make payment for such loss directl,y to the Mor�tgagee i �istead
<br /> of to tlie Mortgag�or and the 141ortgagee jointly, 1nd the insurance proceeds, or any part thereof,
<br /> may be appiied Uy* thc Mortgagee at its option either to the reduction of' the indebtedness hereb3� secured
<br /> or to the restoration or repair of the property damaged. In event of foreciosure of this mortgage, or other
<br /> transfer of title to the mortglged property in extinguishment of the indebtedness secured hereby, ali
<br /> ' -' ri ht kitle and interest of the P4ox•t a or in and to an insurance
<br /> �' � 8 g y ' policies the�i in force shall pass to the
<br /> ;' purchaser or grantee.
<br /> �," 10. As additional and collateral security for the payment oi the nute described , and all sums to become
<br /> M due under this mortgag•c, the 141ortgagor hereby assigns to the Mortgagee all lease bonuses, proftts, reve-
<br /> ��` nues, royalties, i•ights, nnd other benefits accruing to the Mortgagor undcr any and all oil and gas ]eases
<br /> ;� noiv, or durin� tiie lii'e of this mortgage, executed on said premises, �vith the right to reccive and receipt
<br /> for the same and appl�� them to said indebtedness as �ve11 before as after default in the cm�ditions of this
<br /> ' moa•tgage, and the 111ortgagee may demand, sue for and recover any such payments when due and pay-
<br /> �i able, but s;�all not be required so to do. This assigument is to terminate and become nult and voi� upon
<br /> release of this mortgage.
<br /> �� 11. He shall not commit or I�e�•mit waste ; and shall maintain the property in as good condition as at
<br /> present, reasonable �cear ancl tear excepted. Upon any failure to so maintaiti, Moi•t�;agee, at its optiou,
<br /> �ziay cause i•easonablc maintienance work to i�e perivrmeu at the cost ol Mortgagor. Any amounts paid
<br /> �5 tlierePur by Mortgagee shal] be�ir interest at the _ate provided for in the pi•incipai indebtedness, shall
<br /> thereupon become <x part of tlie indebtedness secured by tiiis instrument, ratably and o�i a pai•ity �vith all
<br /> other iudebte8ness secured hereby, and shall fie payable thirty (30) days after demand.
<br /> `� 12. If the premises, or an,v part thereof, be condemned under the po«�er of eminent dornain, or
<br /> acquired for a public use, the damages awarded, the proceeds for the taking of, ot• the consideration for
<br /> such acquisition, to the extent of the full amount of the remaining unpaid indebtedness securecl by this
<br /> „ mortgage, or hereb,y assigned to the Mortgagee, and shall be paid foi�thwith to szic� Moi•tgagee, to be
<br /> '" appliecl on account of the ]ast maturing instzilments of such indebtedness. �
<br /> y.3. If the Moa�tragor fails ta :na;;e any payments ���hen duP, or to cnnforin te and cor.x,�ly �. it;� any
<br /> ` of the conditions or agx•eements contained in this mortgage, oi• the iiotes n�hich it secures, then the �
<br /> ; entire principal sum and accrued � nterest sliall at once become� due aud payable, at the elc:rtion ef the
<br /> ^ 1Vlortgag��ee . � nd th 3s m�rtgnge ma� therciin�n be f� rcclosed immcdi7tcly for t2ie �tihoIe uf th� ivaeuted- �
<br /> + ness herebv secured, including thi cost of eatending the abstract of title from tlie date of tliis rnoi•t-
<br /> `� `� �� "" + " - ` sums paid by the Veterans
<br /> 5 . .+a .�,.:�'TM .^,^ ':::^' �..Z - x ` • � . . .
<br /> 6 8 "`1 "' z � ••- 'v ' - � b �" � Nu• h a =rasonauie attorney's iee, 2I1C1 Rl]y
<br /> i Administration on account of tlie guai�anty- or insurance of ti� e indeutedness secui•ed hei•eby, all of whieh
<br /> y shall be included in the decree of foreciosure. r � . ; �
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<br /> ; 19 . If the indebtedness secui•ed liez•eby be guaranCeed ot� insured under Title 38, United States Code, , , , . �s-
<br /> sucli Title anci Regulationa issued thereunder and in efPect on the date hec•eof s11a11 govern the T-ights, duties �
<br /> and liabilities of`the parties hereto, and any provisions of this or ot}�ei� instruments executed in connection °'
<br /> wit12 said indebtedness which are inconsistent with said Title or Pegulations are hereby amended to �+?�:
<br /> conform thereto.
<br /> The covenants herein contained shall bind, and thP benefits and acivantnges shall ir.vre to, thc '
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