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<br /> 6. If he fails to pay any sum or keep any covenant provided for in this mox•tgage, the Mortgagee, at
<br /> its optian, may pay or pei-form the sazne, and all expenditures so made shali be added to the principal sum
<br /> owing on the above note, sliall be seeured hereby, znd shall bear interest until paid at the rate provided
<br /> for in the principal indebtedness.
<br /> � 7. Upon request of the Mortgagee, Mortgagor shali execute and deliver a supplemental note or notes
<br /> for the sum or sums advanced by Mortgagee for the alteration, modernization, or improvement madeat
<br /> ` the Moi�tgagor's request ; or for maintenance of said premises, or foa• taxes or assessments against the
<br /> same, and for any other purpose elsewhere authorized hereundet•. 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 /> described 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 payments for such period as may
<br /> `' ' be agreed upon by the Mortgagee and Mortgagor. Failing to agree on the maturity, the whole of the sum
<br /> oi• sums so advanced shall be due and payable thirty (30 ) c3ays after demand by the bTortgagee. In no
<br /> event shall the maturity extend beyond the ultimate maturity of the note first described above.
<br /> , ; 8. He hereby assigns, transfers and sets over to the Mortgagee, to be applied toward the payment of ,
<br /> the note and ali sums secured hereby in case of a default in the perfotmance of �iny of the tex•ms and condi-
<br /> tions of this mortgage or the said note, all the rents, revenues and income to be derived frorn the mort-
<br /> gaged premises during svch time as the mortbage indebtedness shall remain unpaid ; and the Mortgagee
<br /> shall have po�ver to appoint any agent or agents it may desii•e for the purpose of x•enting the same and col-
<br /> lecting the rents, revenues and income, and it may pay out of said incomes all necessary commissions and
<br /> espenses incurred iu i•euting and man�ging the same and oP collecting rentals therefrom ; the balance
<br /> remaining, if any, to be applied to�vard the discharge of said mortgage indebtedness.
<br /> 9; He �vill continuously maintain hazard insurance, of such type or types and amounts as Moi•tgagee
<br /> ' may from time to time renuire, on the impirovements now or hereaftex- on said premises and eaeept when
<br /> payment for aIl such pi•emiums has thei•etofore been made under ( a ) of paragraph 2 hereof, ���ill pay
<br /> promptly �vlren due any pz•emiums therefor. Upon default thereof, Mortgagee may pay the same. All
<br /> iiisurance shail be cxrried in companies approved by the Mortgagee and the policies and rene��als thereof
<br />� ; „� �, ;; i„� ;�ai;� �� i hP TTn� t:r�-agee and have attached thereto loss payable clauses in favoi• of and in form
<br /> acceptable tio th.e Mortga�ee. In event of loss Mortgzgor �vill give immedi�tc nctice Ly mail to the Pdort- �
<br /> gagee, �vlio may malce pi•oof of ]oss if not made pro�nptly by Mortgagor, and each insurance company con•
<br /> cerned is l�ereby authoriLed and directed to make payment for such loss dii•ectly to the i�fortgagee instead
<br /> oF to tlte Mortgagai• and the Mortgagee jointly, and tlle insurance proceeds, or any part thereof,
<br /> may be applied by the Mortgag•ee at its option either to the reduction of the indebtedness hereby secured
<br /> oi• to tlie restor•ation or i•epair of the pz•operty damaged. In event of foreclosui•e oY' this moi•tgage, or other
<br /> transfer of title to the mortgaged property iri extinguishment of the indebtectnc;ss secut•ed hereby, all
<br /> right, title and interest of ttie D4ortgagor in and to a�iy insurance policies then in foi•ce shall pass to the
<br /> purchaser or grantee.
<br /> 10. As 3c3dition�il and collatei•al security foi• the paytnent of the note desci•ibed, and all sums to become
<br /> due undet• this rnortgage, thc n7ox•tgagor hereby assigns to the DZortgagee all lease bonuses, pr•ofits, reve-
<br /> nues, royalties, rights, arid other benefits accruing Co the Mortgagor undei• any and all oii and gas leases
<br /> no��r, or durin� tne life of this mort�age, executed on said premises, «-ith the right to receive and receipt
<br /> for the same and apply them to said indebtedness as �vell before as after defauit in the conditions of this
<br /> mortgage, FLRCI LI1C 11cn�tga�ee may demand, sue for and recover any such payments �vhen due and pay-
<br /> able, but si�ali , .ct bz ,•�quirecl se to do. This assignment is to +.erminate and hecome null a.nd void upon
<br />_ r elE asr� nf this mrn t�r�agg. �
<br /> 11 . Ae shali not commit or pet•mit waste ; and shall maintaiu the property in as bood condition as at
<br /> ptesent, reasonable ���ear and tear excepted. Upon any failui•e to so xnaintain , i.1oi•tgagee, at its aptia.�,
<br /> may cause s•easonahlc rn<iintenauce �c•ork to be performed at the cost of Moi•tgagox•. Any amounts paid �
<br /> t}if:�refor by Ivlortgagce shall uear interest at the rate provided for in the principal indebtedness, shall
<br /> ` thereupon Uecorne a part of the indebtedness secured by this instrument, ratabl,y and on a parity with all
<br /> other iudebteclness secured hereby, and shall be payable thirty ( 30) days aftcr �iemand. �
<br /> 12. If the pi•emises, or any paxt thereof, {�e co �idemned under the po�i-et• of emiiiet�t doinain, or
<br /> acquired for a nui�lic use, the damages awarded, the ps•oceeds for the talcing of, or the cut�sideration for �
<br /> such acquisition, tc the extent of the full amount of the x•emaining uiipaid inclebtedness secui•ed bSr this
<br /> mortgage, or hereby assig•ned to the Mortgagee, and shall be paid forth��� ith to said Mortgagee, to be
<br /> applied on account of the last maturing installments of such indebteduess.
<br /> 13. lf the 1Vlortg•agor fails to make anv payments when due, or to confa�m to and comply with any
<br /> of the conditions oi• a�reements contained in this mortgage, or the uotes �vhicli it secures, Yhen fhe
<br /> � eiitii-e principal sum aild accx•uc�d intere�� siiall ati once become due anc? payable, at t}ie eiection of tYie � � � �
<br /> Murtgagee ; anci this niortgag<: may tF�ereupon be foreclosed immediately for tl�e �i�hule c>f the indebted-
<br /> ;:ess hc:�•ebv s��ciui,�?, i !� c•In <liug the ec�s± of este�ndine tl�e :ibst,•aet of title f�•o;�i t!:e c?; "te ef tl:is. moi�t-
<br /> ga�e to the t,iine af cominencing suc}i suit, a reasanable attox•�iey's fee, and a�i5- sums paid by the Veterans
<br /> Adnlinisti . . _ : � on aceow�t of the guaranty� or iusurance of the indebte<iness secui•ed hei•eby , all of �•hich
<br /> sliali Ue included in the decree of toreclosure.
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<br /> 14. if the indebtedness secured hereby be guarantced or insured under Title 38, LJnited States Code, � - -` � ` � '
<br /> such Title and Pegulatiqns issue3 thereunder and in efPect uii the clate hereof shall go��ei�n the rights, ctuties � ' �
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<br /> [ and liabilities of the parties hereto, and any provisions of this ar ot3iex• instruments executed in coimection � ,� � „
<br /> � with said indebtedness which ax•e inconsistent �vith said Title or P.egulations are hei•eby amended to `��
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<br /> conform thereto. � ; '` ' `
<br />� The covenants herezn contained shaU bind, and thP benefits and advantages ehall inure tn. t}ae
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