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<br /> 6. If he fails to pay any sum or keep any covenant provided f�r in this mortgage, the Mortgagee, at
<br /> its option, n�ay pay or perform the same, and all expenditures so rnade shall be added to the principal sum
<br /> o«�ing on the above note, shall be secured hereby, and shall bear interest until paid at the rate provided
<br /> forin the principalindebtedness.
<br /> � r 7. Upon request of the Mortgagee, Mortgagor sha1L execute and de3iver a supplemental note or notes
<br /> fox the sum or si.ims advanced by Mortgagee for the alteration, modernization, or improvement made at
<br /> the Mortgagor's rec�uest ; or for maintenance of said premises, or foi• taxes or assessrnents against the
<br /> same, ancl for' any other purpose elsewhere authorized hei�eunder. Said note or notes shall be secured
<br /> hereby on'a pai�ity with and as fully as if the advance evidenced thereby were included in the note first
<br /> � descr. ibed above: Said supplemental note or notes shall bear iiiterest at the rate provided for in the prin-
<br /> � ci�al indebtedness and shali be payable in approximately equal :nonthly payments for such period as may
<br /> �.`"�.�" be agreed upon by the Mortgagee and Mortgagor. Failing to ag�ree on the maturity, the whole of the sum
<br /> � or sums so advaneed shall be due and payable thirty (30) days after demand by the 14lortgagee. In no
<br /> r-j event shall the inaturity estend beyond tine uliirnate tnaiuriEy oi �lie iioie iirst described aoove.
<br /> � � 8. He hereby assigns, transfers and sets over to the Mortgagee, to be applied tv�vard the payment of
<br /> � the note and all sums secured hereby in case of a default in the performance of any oS the terms and condi-
<br /> ` tions of Ehis mortgage or the said note, all the rents, revenues and income to be e�erived from the mort-
<br /> gaged premises duz•ing such time as the mortgage indebtedness shall remain unpaid ; and the h'fortgagee
<br /> shall have power to appoint any abent or agents it may desire Yor the purpose of renting the same and col-
<br /> lecCing the rents, revenues and income, and it may nay out of said incomes all necessary commissions and
<br /> expenses ineurred in reuting and managing the same and of collecting rentals therefz•om ; the balance
<br /> remainin�, if any, to heapplied toward the discharge of said mortgage indebtedness.
<br /> 9 . He �vill continnously maintain hazard insurance, of such type or types and amounts as Moi•tgagee
<br /> may f2•om time to time i•e�uire, on the improvements no�v or hereafter on said premises and except �i�hen
<br /> payment for all such prerniums has theretofore been made under (a) of paragraph '� hereof, will pay
<br /> promptly when due any premiums therefor. Upon default thereof, 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 payabie elauses in favor of and in form
<br /> 4 acceptable to the Mortgagee. In event of loss Mar•tgagor will give immecliate notice by mail to the Mort-
<br /> gagee, who may make proof of ]oss if not made promptly by Mortgagor, and each insui•ance company con-
<br /> cer.•ned is hereby authm�ized and directed to niake payment for such loss dii•ectly to the b�ortgagee instead
<br /> of to the iVtortgagor and the Mortgagee jointly, and the insurance ��roceeds, or any part thereof,
<br /> may be applied by the Mortgag•ee at its optiou either to the reduction of tlie i �iclebtedness liereby secui•ed
<br /> or to the restoi•ation or repnir of the property damaged. In event of foreclosure ot this mortgage, or other
<br /> transfer o1' title to the mortgaged property in extinguishment of the indebtedness secured hereby, all
<br /> right, title and interest of the blortgagor in and to any insurance policies then in force shall pass ta the
<br /> purchaser or grantee.
<br /> 10. As additional and collateral security for the payment of the note descriuecl , �nd all sums to becorne
<br /> � due under this moi•tgage, the Alortgagoi• hereby assigns to the DZortgagee ali lease bonuses, pi•ofits, reve-
<br /> nues, royalties, t•ights, and other benefits accruing to the Mortgagor nnder any anc9 all oil and gas leases
<br /> noc��, or dux•ing the life of tliis mortgage, executed on said pz�emises, �vith the 2•igl�t to receive and receipt
<br /> for the same and appl�� them to said indebtedness as tveli before as after default in the eonditions of this
<br /> mortgage, � nd the 114ortgagee may demand, sue for and recover any sucli payments ��•hen due and pay-
<br /> able, but sha11 n�t be •required so to do. This assignment is to terminate and become null and void upon
<br /> relc;ase of this mortgage.
<br /> 11 . He shall not commit or permit waste ; and shail maintain the property in as good conclition as at
<br /> present, rnasonaule ���eai• aiid tear excepted. Upon any failure to so maintai�i , DZoi•tbagee, at its optioti, .
<br /> n�ay� cause reasonak�le �n�int;enance work to be performed at the cost of Mor•Lgagor. Any amounts paid
<br /> therefor b,y Mortgagee shali uear iuterest at the rate Y>rovided for in the principal indeutedness, shall
<br /> thereupon become a pnrt oS the indebtedness secured by this instrument, ratablv and on a ��ai•ity with all
<br /> other indebtedness secured hereby, and shall be payable thirty ( 30) days ai'ter dcmand.
<br /> � 12. If the premises, ar nny pai�t thereof, be condemned under the po�a•er of eminent domain, ar
<br /> acquii=ed foi• a public use, the damages awarded, the proceeds for the ta]cing of, or the consideration for
<br /> such �cquisition, to the ezte�it of the f.ull amount of the remaining unpaid i�iclebtedness secured by this
<br /> mort�age, or hereb3� assigned to the Mortgagee, and shall k�e paid foi-th«� ith to said I11ort�agee, to be
<br /> applied on aecount of the last maturing install�nents of suc}i indebtedness. �
<br /> 13, If the Moi•tgagoz• fails to make anY payinents �vhen due, or to confoi•in to and compI3r w�ith any
<br /> of the conditions or <a�reements contained in this mortbage, or the notes ��• hich it secures, then t.he
<br /> entire principal sum attd acerued interest shall at once l�ecome due and payable, at the election of the
<br /> � �202'trcarcCC ' '� P.C� t}: : S :::Ol't ^" 1 C 2:1 ' t�:CYC' O21 1 y' 4 1 � �., . i � . r • . .
<br /> r�-e . �^ r� f", �} ,=j7 JC � OZ'i;C�OSi:.'� 3ii1;i1C�;:: �� y fJl' �. i' '�i IiU�t, ui. (.�li: itlu�U{��U-
<br /> ness hei•eby seciired, inc:luding Lhe cost oS estencling the absti•act of title fi•om tlie datc of this moL-t-
<br /> gage to tkie timc of cotnmencing sucli suit, a reasonable �ttorney's fee, and any sums paid by the Vetei•ans
<br /> Adtuinistratio�i ou accouut of the guaranty oi• insurance of tlte indebtedness seciu•ed hei-eby, al] of �ti�hich '
<br /> s)iall ue iticluded in tlie deci•ee of forecloaure. �,y.,� � ; �%�
<br /> 14. If tfze indebtediiess secux•ed hei•eby be guarxnteecl oi• insured under 'I'itle 38, United States Code, t:. �% �s.�
<br /> such Title and Pegulations issued thereunder and in efi'ect on the �la�e hereof shai] govern the rigdits, duties '�
<br /> Land liabilities of the parties hex•eko, atid any p�rovisiol�s �f tl� is or other inst2vmeaits eaecuted in comiection �`„
<br /> with stid ' indebtedness . which> are inconsistent �vitlt said Title or Rege.ilations are hereby ametided to ; 3'"�
<br /> tonform theret.z.
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