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<br /> ;. 76- 000811 .
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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 /> k.V its option, may pay orperform the same, and all expenditures so made shall be added to the principal sum
<br /> 4 owingon the above note, shall be secured hereby, and shall bear interest until paid at the rate provided
<br /> >n . for in theprincipal indebtedness.
<br /> l 7. Upon requestof the Mortgagee, Mortgagor shall execute and deliver a supplemental note or notes
<br /> W for the aum . or sums advanced by Mortgagee for the alteration, modernization, or improvement made at --
<br /> '> the Mortgagor's request ; . or for maintenance of said premises, or for taxes or assessments against the
<br /> Et sane, and fordany . other purpose elsewhere authorized hereunder. Said note or notes shall be secured
<br /> hereby on a parity with and as fully as ifthe advance evidenced thereby were 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 /> e cipal . indebtedness and shall be payable in approximately equal monthly payments for such period as may •
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<br /> '' be agreed upon by Mortgagee and Mortgagor. Failing to agree on the maturity, the whole of the sum
<br /> or sums so advanced shall be due and payable thirty ( 30 ) days after demand by the Mortgagee. In no
<br /> z ' 4 ' event shall the maturity extend beyond the ultimate maturity of the note first described above.8. ale hereby assigns, transfers and sets over to the Mortgagee, to be applied toward the payment of
<br /> v.. • a the note and all sums secured hereby in case of a default in the performance of any of the terms and condi-
<br /> c , tions; of this mortgage or the said note, all the rents, revenues and income to be derived from the mm•t-
<br /> milked premises during such time as the mortgage indebtedness shall remain unpaid ; and the Mortgagee
<br /> -." ' shllihaveower to appoint ppoint any agent or agents it may desire for the purpose of renting the same and col-
<br /> -' '' leetii g<.the rents, revenues and income, and it may pay out of said incomes all necessary commissions and
<br /> ` ' expenses incurred in refitting and managing the same and of collecting rentals therefrom ; the balance
<br /> _ remaining, if ally, to be applied toward the discharge of said mortgage indebtedness,
<br /> 4.i 9. IIe will continuously maintain hazard insurance, of such type or types and amounts as Mortgagee
<br /> MA may front time to time require, on the improvements now or hereafter on said premises and except when
<br /> payment for all such premiums has theretofore been made under ( a ) of paragraph 2 hereof, will pay
<br /> promptly when due anypremiums therefor. Upon default thereof, Mortgagee may pay the same. All
<br /> Y3 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 of and in form
<br /> # acceptable to the Mortgagee. In event of loss Mortgagor will give immediate notice by mail to the Mort-
<br /> t •ee who maymake proof of loss if not made promptly by Mortgagor, and each insurance company con-
<br /> .g.,
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<br /> 't% corned is hereby authorized and directed to make payment for such loss directly to the Mortgagee instead
<br /> of to the Mortgagor and the Mortgagee jointly, and the insurance proceeds, or any part thereof,
<br /> may be applied by the Mortgagee at its option either to the reduction of the indebtedness hereby secured
<br /> Ns or to the restoration or repair of the property damaged. In event of foreclosure of this mortgage, or other
<br /> s' transfer of title to the mortgaged property in extinguishment ofthe indebtedness secured hereby, all
<br /> ••v`!? right, title and interest of the Mortgagor in and to any insurance policies then in force shall pass to the
<br /> purchaser or grantee.
<br /> 10. . As additional and collateral security for the payment of the note described . and all sums to become
<br /> due under this mortgage, the Mortgagor hereby assigns to the Mortgagee all lease bonuses, profits, neve-
<br /> nues, royalties, rights, and other benefits accruing to the Mortgagor under any and all oil and gas leases
<br /> -air now, or during the life of this mortgage, executed on said premises, with the right to receive and receipt
<br /> for the same and apply them to said indebtedness as well before as after default in the conditions of this
<br /> mortgage, and the Mortgagee may demand, sue for and recover any such payments when due and pay- °
<br /> able, but shall not be required so to do. This assignment is to terminate and become mull and void upon
<br /> release of this mortgage.
<br /> 11 . He shall not commit or permit waste ; mid shall maintain the property in as good condition as at
<br /> present, reasonable wear and tear excepted. Upon any failure to so maintain , Mortgagee, at its option,
<br /> r . may cause reasonable maintenance work to be performed at the cost of Mortgagor. Any amounts paid
<br /> therefor by. Mortgagee shall bear interest at the rate provided for in the principal indebtedness, shall
<br /> thereupon become a part of the indebtedness secured by this instrument, ratably and on a parity with all
<br /> ?< other indebtedness secured hereby, and shall be payable thirty ( 30 ) days after demand.
<br /> i: l '2. If the premises, or any part thereof, be condemned under the powerof eminent domain, or
<br /> k , acquired for a public use, the damages awarded , the proceeds for the taking of, or the consideration for
<br /> such acquisition , to the extent of the full amount of the remaining unpaid indebtedness secured by this
<br /> ; ' mortgage, or hereby assigned to the Mortgagee, and shall be paid forthwith to said Mortgagee, to be
<br /> applied on account of the last maturing installments of such indebtedness.
<br /> sel . . 13. If the Mortgagor fails to make any payments when clue, or to conform to and comply with any
<br /> r'. of the conditions or agreements contained in this mortgage, or the notes which it, secures, then the
<br /> entire principal sum and accrued interest shall at once become due and payable, at the election of the
<br /> ,sr Mortgagee ; and this mortgage may thereupon he foreclosed immediately for the whole of the indebted-
<br /> "`" ness hereby secured , including the cost of extending the abstract of title from the date of this mort-
<br /> gage to the time of commencing such suit, a reasonable attorney's fee, and any sums paid by the Veterans
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<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.
<br /> 14 . If the indebtedness secured hereby be guaranteed or insured under Title 38, United States Code,
<br /> a' such Title and Regulations issued thereunder and in effect on the date hereof shall govern the rights, duties
<br /> and liabilities of the parties hereto, and any provisions of this or other instruments executed in connection
<br />• p, ; ` with said indebtedness which are inconsistent with said Title or Regulations are hereby amended to
<br /> conform thereto.
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<br /> • >' The covenants herein contained shall bind, and the benefits and advantages shall inure to, the
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