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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 option, may pay or perfoi•m the same, and all expenditurea so made shall be added to the principal sum
<br /> ow�ing- on the above note, shall be secured hereby, and shall bear interest until paid at the rate provided
<br /> for imthe principal indeUtedness.
<br /> � 7. Upon request of the Mortgagee, Mortgagor shall execute and deliver- a supplemental note or notes
<br /> for the sum ox- sums advaneed by Mortgagee for the alteration, modernization, oi- improvement made at
<br /> the Mortgagor's x�equest ; 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 shali be secured
<br /> � hereby on a parity-tivith and as fully as if. the advance evideneed thereby �ti�ere inciuded in the note first
<br /> �., described above. Said supplemental note or notes shall bear interest at the rate provided for in the prin-
<br /> � cipat 'inciebtedness and shall be payable in approximately equa] monthly paymeiits for such period as may
<br /> � be agreed upon by the Alortgagee and iVIox•tgagox•. Failing to agree on the matui•ity, the �vhole of the sum
<br /> * or sums so advanced shall be due and payable thirty (30) days after demand by the Mortgagee. In no
<br /> ^ eve�it shall the maturity extend beyond the ultimate maturity of the �iote first described above.
<br /> � h'� 8. He hereby assigns, transfers and sets over to the Mortgagee, to be appiied to�vax•d the payment of
<br /> the note and aII,sums secured hereby in case of a default in the performance of <tny of the terms and condi-
<br /> tions of this m,ortbave or the said note, al� the rents, revenues �r.d income to re derived irom the mort-
<br /> gaged �remises during such time as the mortgage indebtedness shall remain unpaid ; and the Mortgagee
<br /> shall have po�ver to appoint any agent or agents it may desire for the purpose of reuting the same and col-
<br /> lecting the rents, revenues and income, and it may pay out of saia incoines all necessax•y commissions and
<br /> exgenaes incurred in reut.ing and managing the same and of collecting rentals thex•efrom ; the balanee
<br /> remaining, if any, to be appliecl to�vard the discharge of said mortgage indebtedness.
<br /> ' 9. I-Ie ��ill continuously maintain hazard insurance, of such type or types and amounts as M�rtgagee
<br /> may from time to time recruire, on the improvements no�v or hea•eafter �n saicl premises and except �vhen
<br /> ' payment for all such premiums has theretofore been made under (u ) of paragraph 2 hereof, �c-i11 pay
<br /> promptly �vhen due any premiums therefor. Upon default thereof, Mortgagee may pay the same. All
<br /> insurance sha11 be carried in companies approved by the Mortgagee and the policies and rene�sals thereof '
<br /> sh�ll be held by the D'Ior•tgagee and have attached thereto loss payable clauses in favoi• of and in form
<br /> acceptable to the Mortgagee. In event of loss Mot�tgagor will give immecliate notice by mail to the Mort-
<br /> gagee, Fvho may make proof uf loss if not mac�e promptly by idRortga�or, anri each ifisurance company con-
<br /> cerned is liereby authorize<1 and directed to make payment for such loss directly to the Mortgagee instead
<br /> of to tlie IVIortgagor nnd the Niortgagee jointly, and the insurance px•oceeds, or any part thereof,
<br /> may be applied by the Mortgagee at its option either to the reduction of khe incleutedness hereby secuT•ed
<br /> or to the restoratiou or repaiz• of the property damaged. In event of foreclosure of this mortgage, or other
<br /> transfer of title to the mortgaged property in extinguishment of the indebtedness secured hereuy, all
<br /> ri�tit, title and interest of tlle Mortgagor in and to any insurance policies then in i'orce shall pass to the
<br /> purchaser or grantee.
<br /> 10. As addition�l and collateral security for tlie payanent of the note c3esci•ibecl, ancl all sums to becoine
<br /> due under this mortgage, the Mortgagor hereby assigns to the Mortg•agee all lease bmiuses, profits, reve-
<br /> nues, royalties, rights, atid other benefits accruing to the Mortgagor undcr any and all oil and gas leases
<br /> now, or during tne life of this mortgage, executed on said pr•emises; with the right to receit•e anci receipt
<br /> f�r the same anci apply them tc said indebteclness as ���ell before as after default in the conditions of this
<br /> m�rtgage, and the Mortf�agee may demaud, sue for and recover any such payments when due aud pay-
<br /> able; but shall'izot be i•equired so to do. This assignment is to terminate and become nuit and void upou
<br /> release of this moi•tgnge.
<br /> 11 . He shall not eommit or permit waste ; and shaIl maintain the pro�erty in as good coudition as at
<br /> present, reasonaUle �i•ear and tear excepted. Upon any failure to so maintain, Mortgagee, at its option,
<br /> may cause reasonaUle maintenance work to be pex•formed at the cost of Mortgagor. Any a�nounts paid
<br /> therefor b,v Tvlortgagee shall bear interest at the rate �rovided Por in the nrincipal indebtedness, shall
<br /> thereupon becorne a pai•t of the indeUtedness secured by this instrument, rataUl�� and oii a parity �vith all
<br /> other indebtedness secured liereby, and shall be payable thirty ( 30 ) days aFter <iemand .
<br /> 12. If the premises, or any part thereof, be condemned under the po�ver of eminent doinain, or
<br /> aequired for a puk�lic use, the damages awarded, the proceeds for tlie tal;ing of, or the consideration for
<br /> such acquSsition, to the extent of the full amount of the remaining unpaid 111C�E'btedness secured by this
<br /> mortgage, ox• hereby assigned to the Mortgagee, and shali be paid forth�vith to said Mort�agee, to be
<br /> applied on account of the last maturing instaltments of such indebtedness.
<br /> ; ' 13. If the iVIortgagor fails to make anv payments wheu due, or to confarm to and comply with any
<br /> of the conditions oi• agi'eements contained in this mortgage, or the notes ���hich it secures, then the
<br /> entire principal sum and accrued interest shall t�t once become due and pa3�able, at the election of the
<br /> i�iurtga�ee ; anu thi� uu�rt�age may tiiereupoii be furecioseci immediaiely ior the ��•hole of the indebted-
<br /> ness hE.reUy secured, including the cost oF extending the abstract of , title from the date of this �nort-
<br /> gage to the time of commencing such suit, a reasonable attorney's fee, and any sums p:iid by the: Veterans
<br /> Administration on account of the guaranty or insurance of the indebtedness secured hereby, all of which „,�,;� . -„
<br /> , ' shall be included in the decree of foreclosure. ' . ' �' `
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<br /> 14, Ifthe indebtedness secured hereby be guaranteed or insured under Title 38, United States C�de, £' � '��`
<br /> wa
<br /> � such fiitle and itegiilations issued thereunder and in et�'eet on the date hereof shall go��ern the rights, duties i', ._
<br /> and liabilities of the art;es hereto and an "� `"�
<br /> P , y provisions of this or other instruments executed in connectian , ;,�, ,
<br /> ` with said indebtedness which are inconsistent with said Title or Pegu]ations are hereby amended to ' • '
<br /> : , conform .thereto. _ ,:; '
<br />� The covenants herein contained shall bind, and ;hz benefits and ad�-antages sha11 iiiut•e tu, t}�e
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