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<br /> • i z 6. • If he "failsao, pay any sum or keep any covenant provided for in this mortgage, the Mortgagee, at
<br /> "• , ' ;x ,, its nptro r, may,pay or perform i the same,-and all expenditures so made shall be added to the principal sum
<br /> a, SKnkx ng owion the 'abova note, . shall be seeured. herebyland shall bear interest until paid at the rate provided
<br /> 11 "r"` for fntheprmcipalandebtedness. .
<br /> ��r ,' 11. ::Upon request of the Mortgagee, Mortgagor shall•executeand deliver,a supplemental note or notes , • • h
<br /> x 4A yt i : fox rhe sum or auras advanced by Mortgagee;for. the .<eratron;,modernization; or improvementmadeat
<br /> Ear, ` the Mortgagor's request ; or for marntenanee of sardpiemrses; or for taxes or assessments agarnat`the '
<br /> k % same1's't fop a ''y o•ther purppse, elsewhere . auth14 dorized her• eunder . iSaidsnote or ,notes. shall be secured - ." i.
<br /> ` � ki hereby on s parity with and as fully'.;as if the :advance : evidenced thereby;wero included in• .the .note first
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<br />'41.1z.4.t , ` • desertbe i above =Said•supplementai rete or notes shail'ibear interest at. the rate provided for rn the prrn • `' z
<br /> ,. 4 i' . • ` crpalundehtedness and shall; be. payablo in approximatelyequal Monthlypay�mentsforsuch. periodaaniayt 1
<br /> � yt;1 `: be agreed uponzby the Mortgagee\sad Mortgagor. Failing to agree on the maturity; the whole otth&sum . 1- `
<br /> 1 or sums-so advanced sluillibedut and payable; thirty , (30) 'days. after" demand by: the •Mortgagee In; no .
<br /> it ,two.. `$' event•. shall the maturity extend beyond the ultimate maturity 'of thelnote first describedabove:°
<br /> F; ; 4{ 8: He hereby assigns, -transfers and:sets over to the Mortgagee, to be applied toward the payment of '.
<br />"4.'" 6 �1, , '� the note an& all sums secured hereby in ease of-a default in the performance of anyof the.terias and condi=.• r
<br /> ' t k t* ' of this mo"itgage iiithe saidnote, all the rents, revenues and. income to .be derived •from the Mort". . . a
<br /> Mrn gaged premises during such timEd e as the mortgage indebtedness shall rema•in unpaid ; and the Mortgagee t
<br /> ~gib� • shalt hav•e power to apppio any agent or agents it may desire for the purpose of renting the same and cot- 1
<br /> ? r-+ .i 'eating the rents, revenues : and income, and it:may pay out of said incomes all necessary cenunisalons .and f ,
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<br /> t ." 5 1,2 expenses incurred rn renting and .managing ,the same. and of collecting. rentals therefrom ; • the balance . i. ..
<br /> , ; t ' remamirig, if any;• to beapliliedtoward the discharge of said mortgage indebtedness.
<br />‘If
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<br /> i 3i 9 .11 will :continuously maintain_ hazard-, insurance, of such type or types and amounts as Mortgagee • ,--..z, • •••• •-:2;). 0:i'--:,.0.:!;•:,. -
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<br /> �• a , may from 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 /> h' r Jl ` promptly when due any premiums.therefor; ` Upon default thereof, Mortgagee may pay the same. :. All
<br /> ' ,,1 insurance shall. be carried in companies approved by the Mortgagee and the policies and renewals .thereof , ; '
<br /> £ w { • , . .
<br /> .? § „ shall b'e held by the Mortgagee and'have attached thereto • loss: payable clauses in favor of and in farm . 4 f
<br /> `. acceptable to the Mortgagee. In event of loss Mortgagor will give immediate notice by mail to the Mort- t r
<br /> gagee; who may make prcof of, loss if not made promptly by Mortgagor; and each insurance:company con" P
<br /> M v ; cerned is hereby authorized and directedto make payment for.such loss directly to the Mortgagee instead.
<br /> O r • of r r to.. the Mortgagor . and „ the Mortgagee jointlyr and the' , insurance :. proceeds, . or any part thereof,
<br /> y :z' § 3 - - 7 maybe applied by the Mortgagee`atits option:either-to. the reduction of the indebtedness hereby secured • I
<br /> f : or to the restorationor repair of the propertydamaged.. In event of foreclosure of .this mortgage, .or. other ,
<br /> : transfer. Of title to the mortgaged,property in extinguishment of the ' indebtedness secured , hereby;.., all `; .
<br /> �.` rs right; ,title•
<br /> and : interest of the �Mortgagorin• and-.to any insurance policies then in force shall pass to the.- z;
<br /> c "n i purchaser or grantee
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<br /> c -" 10. ° As additional and collateral security for the payment of the note described, and all sums to become
<br /> r due under this mortgage, the Mortgagor hereby assigns to the .Mortgagee all lease bonuses, profits, . reve- ',.
<br /> f cW ` 4� nues,royalties,3•ights, and other benefits accruing to the Mortgagor under. any and all oiland..gas :Ieases r
<br /> z; now; or �during.the life of, this,mortgage, executed on said premises; with the right� to receive and-receipt
<br /> '/^ fj• tilf for- the same and,applyhhem to said indebtedness as well before as after default in conditions of this
<br /> Y• � mortgage, and the Mortgagee may demand, sue for and . recover any , suck payments when •due and pay
<br /> f1r; ., able, but shall not be required so to do. This assignment is to terminate and become null and void upon
<br /> y 4 • release of this mortgage. .$M
<br /> •rt4 11 . Ile shall not commit or permit waste ; and 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 /> : 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 /> %'4'7• th thereupon become. a part of the indebtedness secured by this instrument, ratably and ona parity -with all
<br /> other indebtedness secured hereby, and shall be payable thirty (30) days after demand;
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<br /> s x 12;` If the premises,' or any part thereof, be condemned under the power of eminent . domain, or
<br /> M ' acquired for a public use, the damages awarded, the proceeds for the taking of, or the consideration for
<br /> 4 ' r such acquisition, to the extent.of the full amount of the remaining unpaid indebtedness. secured by this
<br /> r.4, r ; 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 /> ` 13: If the Mortgagor fails to make any payments when due, or to conform to and comply with any ,
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<br /> of the. conditions or agreements contained in this mortgage,
<br /> it• °t g ge,' or the. notes which .it . secures, thenahe
<br /> ' { i s entire principal .sum :andaccrued interest shall at once become due and payable, at the election of the
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<br /> �".••AMS , Mortgagee ; and this mortgage may thereupon be foreclosed immediately, for the whole of the indebted-
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<br /> cFt: nest hereby secured, including the cost of extending.. the. abstract of title. from the . date of this : wort;
<br /> F { � gage to the time;of commencing such suit, a reasonable ' attorney's fee, and any. sums paid by the Veterans
<br /> t,+� < Adminrstrationon account of the guaranty or . insurance of the indebtedness secured hereby, all of which
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<br /> r, shall be included in the decree of foreclosure. .
<br /> } •,- ;14.`"4t 14 - If the indebtedness secured hereby• be guaranteed .or insured under Title 38, United . States .Code, r
<br /> .r.'";." '; 'i suchTitleandRegulationsissuedthereunder. andincircleton:thedatehereofshall Dil °
<br /> 0.t.414$1, govern the rights; r� � ,
<br /> . 0t ., and liabihties:of:rthe parties heretorand any provisions of this or other instruments executed in connection
<br /> r,jEj with said indebtedness .which . are iinconsistent with said Title ° or Regulations are hereby amended to 4. ' tf'"
<br /> X l conform ,thereto. s ��h
<br /> iz The covenants herein : contained; shall - bind, and the benefits and advantages shall inure to, the
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