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<br /> t d ° 'r' ' :? Cif he faiistd payany sum or keep any covenant provided for in this mortgage; the. Mortgagee, at
<br /> °� i. , ' its eptipnt may, pay or.perform the same; and all expenditures ' so made shall be added to •the:principal' sum 2
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<br /> rT owrngon the above note,. slrall be secured hereby and shall bear interest until paid at the rate. provided �a
<br /> �i,• •+ syr ; for in: the principal Indebtedness; ,.
<br /> Iii.. `: ir tri 7. Lipon request of the Mortgagee, Mortgagor shalt execute and deliver a supplemental note or notes
<br /> 4 r i for the Sutn or sums advanced by •Mortgagee for the alterattont modernization, or improvement made at F
<br /> r� p ; the Mortgagolr' ' request • 'or for maintenance otsaid ? premises; or for taxes or assessments against-the ,
<br /> ., ' same and fox any other.purpese,elsewhere?authoriied .hereunder Sar. note ere -notes •shall 44 besecu'red • L « ,r
<br /> W ^ herebyon a paiitywrth and dictaly as 5f 'the':advance ovidenced thereby here- included~in .the• note ;first a ;
<br /> if, dee'ribed above '. Said su 'p'plemental note or.notestaball bear, interest at thecrate provided for. m •the prem
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<br /> s l '; crpal`.indebtdneas and Shall be payablein approximately equal monthly payments'for such period as may -
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<br /> % be agreod upen by the Mortgagee, and Mortgagor k'ailing te, agree on the maturity,. the .whele of the sum ,.
<br /> Ar K r<Ar. or sums; so advanced Shall be due and payable thirty : (30)f' days'after''detnand bytho Mortgagee ' In no K �.
<br /> )1144424/%444.vr.gt• e• ventshall' the maturity% extend beyond the :ultimatematurityof the . note first described above r.'
<br /> A4c 8. -Ile hereby assigns;; transfers and sets over to the Mortgagee, to be applied toward the payment of, . .
<br /> �t 1 {7 the note and ali, sums secured hereby in case of a default in the performance of anyof the 'terms and condi ' ;
<br /> v ' tiona 'of`.thrs mortgagaor the said note, all the rents, • revenues , and income to be 'derived from tho' mort • ter:
<br /> hos _ gaged piemisett9h ring such time as the mortgage indebtedness shall remain unpaid ; andahe Mortgagee z ; • u.
<br /> s wti� , shall ave • • . er'to ap oint any agent 'oi agents it ma desire for the ur ose of renting the same and col
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<br /> r �� r J , ' lecting ;the-$rents rrevenuesand 'income; and it may pay out of said incomes all necessary commissions and u
<br /> 4 °04' expenses incurred ren renting., and managing the same and of collecting . rentals .therefrom; . the , balance ."... c ', ^,
<br />[1;.'45413-1;i.. ' remaining, ref any, to be applied toward the discharge :of said mortgage indebtedness, 'f
<br /> 3 ,, f t, ` , 9. = He will continuously maintain hazard insurance, of such type or typesand:amounts as Mortgagee . M ,'
<br /> F ,40,oli x .. mayfiim tune tg time. require; ow the improvements now or hereafter,on said premises and. except ,when F
<br /> , te r J . payment for all ` tach premiums . has theretofore, been made under (a) . of paragraph 2 : hereof, • will pay ` , r
<br /> c ,, promptly when,due any premiums therefor. Upon default thereof, - Mortgagee may pay the same. All T < <
<br /> „afiY insurance shall be carried in companies approved by the Mortgagee and the policies and renewals thereof
<br /> rrii slinll he.heldby the Mortgagee and have attached thereto loss .payable clauses • in favor of and in form • ?
<br /> ?1, 1 acceptable . to the.Mortgagee• • In event of. loss Mortgagor will give immediate notice-by mail to the Mort i ' .,
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<br /> s �z d:: gagee, .*ho may make proof o£.loss itnot made promptly by Mortgagor; and each insurance company con-�? cerned Is hereby authorized • and directed .to make: payment for such loss directly to the Mortgagee instead ,. 1 ->
<br /> r .• a ` of to the Mortgagor and:: the Mortgagee jointly and the insurance proceeds, ' or an
<br /> P Y part thereof, ,
<br /> Fqr , may be applied'-by the Mortgagee at its optmn either to the reduction of the indebtedness liereby secured.
<br /> E C-Icil �x' :? , or to the restoration or repair of the:property damaged. In event of foreclosure of this mortgage ere otheri. z e
<br /> 'r transfe.Yof title to the mortgaged property, in extinguishment : of the indebtedness secured hereby, all
<br />., ,i 4 t right, ' title and interest • of the . Mortgagor in`,and to any insurance policiesthen in force shall pass to the
<br /> Cr purchaser or grantee. r
<br /> fi , 10. :As additional and collateralsecurity:for the, payment of the note described,and rail sums to become , • - :
<br /> 44 •t due under this mortgage, the 1lfortgagor hereby assigns to the Mortgagee all lease bonuses, profits;. reeve-
<br /> ?, 7 .: flues,'royalties, rights, and other benefits accruing to the Mortgagor under. any and all oil'and .: gas leases
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<br /> r° 1 now, or during :the life' Mortgage, executed on said premises, :with .theright to 'receive and receipt
<br /> ` for the same and apply said indebtedness as well before as after default -in-the conditions of this
<br /> +hi s mortgage, and the Mortgagee may demand, sue for and recover any such; payments when due and . pay-
<br /> r "i .if 4 ` able; but shall notbe3equired so to do. This :assignment is to terminate and become null and void upon
<br /> , r < 14 ; release of this mortgage."
<br /> s i 11• He 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 /> e may cause reasonable maintenance work to be performed at the cost of Mortgagor. Any amounts paid
<br /> ` therefor.rby Mortgagee shall bear interest at the rate provided for in the principal indebtedness; shall
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<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.
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<br /> ,.r, 12 ' If the premises, or any part thereof, be condemned under the power of eminent domain, or
<br /> , 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 /> r1 '`, , mortgage, or hereby assigned to the Mortgagee, and. shall be paid forthwith to said Mortgagee, to be
<br /> rt , applied on account of the last maturing installments of such indebtedness.
<br /> } 13. If the Mortgagor fails to make anypayments when due, or to conform to and comply with any
<br /> ied3La of the conditions or agreements contained in . this mortgage,. or the notes which it secures, then the:
<br /> f.a ti • r entiraprincipal sum and accrued interest shall at once become due and payable,' at the election of the
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<br /> : Mortgagee ; and this mortgage may thereupon be foreclosed immediatelyfor the whole of the indebted-
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<br /> t �' i ; ness hereby secured, including the cost of extending the , abstract of title from the date of this mart,
<br /> 0441, gage to the time of commencing such suit, a reasonable attorney's fee, and any sums paid by the Veterans:
<br /> Azg`'• r+ Administration on account of. the guaranty or insurance of the indebtedness secured hereby, all of which t
<br /> f + shall be included in the .decree of foreclosure. ,- ,
<br /> a - k . 19: If the indebtednesssecured hereby be guaranteed or insured under.Title 38, United States . Code, . 4
<br />•-'4:41)),•,-,4 . `•%:, such;Title and=Regulatfonsassued thereunder: and ineffect on the date hereof shall governtherights, duties . { r
<br /> i.;;;..4 .,; and liabilities ofthe parties hereto, and anyprovisions of this or other instruments executed in connection x, i,
<br /> ry with said .mdebtednestiwhich, are,rinconsistent with said Title 'or Regulations are herebyF r
<br /> F amended to
<br /> conformahereto: i
<br /> .7•3- :et : The:. covenants_ herein , contained : shall bind, and -the • benefits and advantages shall inure to, the - r ,
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