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<br /> 6. If he fai)s to pay any sum ox• keep any covenant provided for in this mortgage, the Mortgagee, at
<br /> its option, may pag or perform the same, and all expenditures so made shall be 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 the principal indebtedness.
<br /> 7. Upoh xequest of the Mortgagee, Mortgagor shail execute and deliver a supplementai note or notes
<br /> � f�r tiie sum os• sums advanced by NTortgagee for the alteration, modernization, or improvement made at
<br /> the Mortgago'r'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 seeured
<br /> hereby on a parity with and as fully as if the advance' evidenced thereby were Sncluded in the note first
<br /> described above. Said supplemental note or notes shall bear interest at the rate provided for in the prin-
<br /> " ci al indebtedness ' and shall Ue a abie in a roximatel e ualmonthl
<br /> ; p p y pp y q y payments for such period as may
<br /> C� be agreed upon by the b7ox•tgagee and Mortgagor. Failiiig to agree on the maturity, the whole of the sum
<br /> =� or sums so a8vanced shall be due and payabie thirty (30 ) days after demand by the Mortgagee_ In no
<br /> � event shall the maturity extend beyond the ultimate maturity of the note first described above.
<br /> � S. 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 defauit in the performance of any of the terms and condi-
<br /> � tions of this mortgage or the said note, aIt the rents, revenues and income to be derivecl from tfie moY•t-
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<br /> t\ gaged premises 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 x•enting the same and col-
<br /> lecting the rents, i•evenues and income, and it may pay out of said incomes all neeessaiy commissions and
<br /> ex��enses incurred in renting and managing the same and of collecting rentals therefrom ; the balance
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<br /> ;; remaining, if any, to be applied totivard the discharge of said mortgage indebtedness.
<br /> � 9. He tYill eontiiluously maintain hazard insuranee, of such type or types and amounts as Mortgagee
<br /> t ; ma,y from time to tirne i•equire, on the improvements now or hereafter on said premises and except tivhen
<br /> t payment for all such pi•emiums has theretofore been made under (a) of paragraph 2 hereof, w:ill pay
<br /> pi•omptly �vhen due any premiums therefor. Upon default thez•eof, Mortgagee may pay the same. All
<br /> ; insurance shall be carried in companies approved by the Mortgagee and the policies and renewals thereof
<br /> shall be held by the Mortgagee and have attached thereto loss payable clauses in favor o£ and in form
<br /> acceptab:e to th2 '_14o:�tgadee. In event of lass b4ortga�or tivill give immediate notice by mail to the Mort-
<br /> gagee, who may make proof of loss if not made promptly by Mortgagor, and each insurance company con- —
<br /> ; cer.•iled is I�ereby authoi•ized and dii•ected to make payment for such loss directly to the Mortgagee instead
<br /> 3 of to tlie b�ortgagor and the bSortgagee jointly, and the insurance proceeds, or any part thereof,
<br /> ; - may be applied by the Moi•tgagee at its option either to the reduction of the indebtedness hereby secured
<br /> � �i• to the restoration or i•epair of the property damaged. In event of foreclosure of tltis mortgage, or other
<br /> a transfer of titie to the mortgaged property in extinguishment of the indebtedness secured hereby, alI
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<br /> right, title and interest of the Mortgagor in and to any insurance policies then in force shall pass to the
<br /> ; puL•chaser or grantee.
<br /> ? 10. As additional and collateral security for the pay�ment of the note desci•ibed, and all sums to become
<br /> � , due under this mortga6•a, tlie Mortgagor hereby assi�ns to the b4ortgagee all lease uonuses, profits, reve-
<br /> : w nues, royalties, rights, and othei• benefits accruing to the Mortgagox� under any and all oil aud gas leases
<br /> ; '>: w ` no�v, or during, £ne ] ife of this mortgage, ehecuted on said premises, �vith the right to r•ec4ive and receipt
<br /> ± for the same and apply them to said indebtedness as �vell before as after default in the coiiditious of this
<br /> i mqi•tgage, and the Mortgagee may demand, sue for and recover any such payrnents when due and pay-
<br /> � able, but si1a11 not be required so to do. This assignment is ta terminate and become null and void upon
<br /> release of this mortgage.
<br /> 1L He shall not commi£ or permit waste ; and shall maintain the property in as good coudition as at
<br /> ? present, relsonable �;-ear and tear excepted. Upon any failure to so maintain, Mortgagee, at its option,
<br /> may cause reasonabte maintenance work to be performed at the cost of Mortgagor. Auy amounts paid
<br /> � ttierefc�r by Mortgagee shall bear interest at the rate pirovided for in the p2•incipal indebtedness, shali
<br /> ; thereupun become a �art of the indebtedness secureci by this instrument, ratabiy and on a parity �i�ith all
<br /> ot)ier indebtedness secured hereby, and shall be payable thirty ( 30) days after demand.
<br /> -+ 12. lf the premises, or any part thereof, be condemned under the po�t•er of eminent domain, or
<br /> ; acquired for a puUlic use, the damages a�varded, the proceeds for the talcing of, or the consideration for
<br /> such acquisition, to the extent of the full amount of the remaining unpaid indebtedness secured by this
<br /> mort�lge, or hereby assigned to the Moitgagee, and shaU be paid forth«�ith to said Mortgagee, to be
<br /> ' applied on account of the last maturing installments of such indebtedness.
<br /> ' 1.3. If the b�oi•tg•agor fails to mlke anp payinents when due, or to conform to and comply with any
<br /> ` , af the condi£ions or agx•eements contained in this moi-tgage, or the notes «�hich it secui•es, then the
<br /> ` • eiitii-e .principal sum and accrued interest shall at once become due and payable, at the election of the
<br /> �. :14ort�agee ; and thi � mc�rtgagc may thex•eupan be ioreclosed immedi:�tet�� foi� thc ��•t:o1c of ttie iuu�btcd-
<br /> ' ' ness hereby �cured, ittcluding the cost of extending the abstract of title from- thc date of this mort-
<br /> � gage'to the time of cammez�cinb* such suit, a reasonable attorney's fee, and any sums haid by the Veterans
<br /> ' Administration nn account of the guai•anty or insurance of the indel�tedness secui�ed licreby, all o£ w�hich
<br /> t shali be included in the decree of foreclosure. -,
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<br /> . 14. If the indebt�dness seaure�l hereby k�e guarauteed �r itisured under• Tit1e 38, United States Code, Y � .�.w„g;�
<br /> j such Title and Regulations issued thereunder and in efi'ect an t}ie clate hereof shail govern the rights, duties � '� •'��
<br /> �? and liabilities of tthe partiea hereto, and any provisions of this or other<instrumei�ts execoted in connection , i����;
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<br /> ; witli said inde�tedness whichliare inconsistent witii said Title or Regulations are hereb3� amended to ;��;�
<br />� f conform thereto.
<br />� S ` The cflvenants herein contained shall �ind, and the kienefits and acivantag�As ahall innt•e to, tile ' . , ; °
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