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<br /> 6, If he fails to pny ar.y sum or ]ceep any covenant provided for in this mortguge, the Mortgugee, at
<br /> its option, may pny or perform the same, und all expenditures ao made shall be added to the principal aum
<br /> owing on the above note, shull be secured hereby, and shall beur interest until paid at the rate provided
<br /> for in the principal indebtedneas.
<br /> r 7. Upon request oF the Mortgngee, Mortgagor shall execute and deliver a supplemental note or notes
<br /> I for the aum oc sums adva�iced by Mortgagee for the alteration, modernization, or improvement made at
<br /> the Mortgagor's requeat ; or for maintenance of said premises, or for taxes or assessments agninet the
<br /> same, and for any other purpose elsewhere authorized hereunder. Said note or notes shall be secured �
<br /> . hereby on a purity with and as fully as if the advance evidenced thereby �+�ere included in the note firat
<br /> described above. Said supplemental note or notes shall bear interest at the rnte pi•ovided for in the prin-
<br /> cipal indebtedness and shall be pnyable in approximately equal monthly payments for such period ae may
<br /> be ugreed upon by the ➢Iortgagee and Mortgagor. Failing to agree on the maturity, the whole of tlie sum
<br /> oi• sums so advanced shall be due and payable thirty (30) days nfter demand by the niortgagee. In no
<br /> event shall the mnturity extend beyond the ultimnte maturity of the uote first described above.
<br /> 8. He hereby assigns, transfers and sets over to tiie ivIortgagee, io be applied toa•ard the payment of
<br /> �; � the note and ali sums secured hereby in case of a default in the performunce of any of the terms and condi-
<br /> tions of thia mortgage or the said note, all thr, rents, revenues and income to be derived from the mort-
<br /> gaged premiaes during such time as the mortgage indebtedness shall remaiii unpaid ; and the Dlortgagee
<br /> shall have po�ti�er to uppoint any agent or agents it may desire for the purpose of renting tihe same and col-
<br /> lecting the rents, revenues and income, and it may pay out of said incomes all necessary commissions and
<br /> � expenses incurred in renting and managing the same and of collecting rentals therefrom ; the balunce
<br /> remaining, if any, to be applied to�vard the discharge of said mortgage indebtedness.
<br /> t; 9. He �vill continuously maintain hazard insurance, of such type or types and amounts as b4ortgagee
<br /> ' i may from time to time require, on the improvements now or hereafter on said premises and except «�hen
<br /> p payment for all such premiums has theretofm�e been made under (a) of pnragraph 2 hereof, �vill pay
<br /> promptly when due any pi•emiums therefor. Upon default thereof, n4ortgagee may pay the same. All
<br /> •_ . insurance shall be cai•ried in companies npproved by the Mortgagee and the policies and rene�aals thereof
<br /> shall be held by the n[ortgagee and have attached thereto loss puyable clauses in favor of and in form
<br /> acceptable to the ➢lortgagee. In event of loss \iortgagor �ti�ill give immediate notice by mail to the Mort-
<br /> gagee, who may malce proof of loss if not made promptly by Mortgagor, and each insurance company con•
<br /> ' cerned is hereby nuthorized and directed to make payment for such loss directly to the bioi•tgagee instead
<br /> of to the .11ortgagor nnd the 111ortgagee jointly, and the insurance proceeds, or any part thereof,
<br /> i ' may be applied by the Mortgagee at its option either to the reduction of the indebtedness hereby secured
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<br /> or to the restoration or repair of the property damaged. In event of foreclosure of this mortgage, or other
<br /> G `, transfer of title to the mortgaged property in extinguishment of the inde6tedness secured hereby, all
<br /> right, title and interest of the Dlortgagor in and to any insurance policies then in force shall plss to the
<br /> i '. purchaser or grantee.
<br /> 1 � 10. As additional and collaterul security for the payment of the note describecl, anct alt sums to become
<br /> ! due under this mortgage, tlie ➢fortgagor hereby assigns to the hlortgagee all lease bonuses, profits, rev��-
<br /> p nues, royalties, rights, and other benefits accruing to the niortgagor under any and all oil and gas leases
<br /> no��•, or during the liFe of this mortgage, executed on said premises, «�ith the i•ight to receive anci receipt
<br /> ' ' for the same and apply them to suid indebtedness as �vell before as after default in the conditions of this
<br /> �� murtgage, nnd tlie 1loi•tgagee may demand, sue for and reco��er any such papments ��•hen dtte and pay-
<br /> ablc, Uut shall not be required so to do. This assignment is to terminate and become null nnd void upon
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<br /> ' release of this mortgage.
<br /> _ 11 . He shall not commit or permit w�ste ; and shall maintain the propert�� in as good condition as at
<br /> r� present, reasonable ��•ear and tear excepted. Upon any failure to so maintain, Mortgagee, at its option,
<br /> may� cause rensonable maintenance �eork to be performed at the cost of Dlortgagor. Any� amounts paid
<br /> k therefor by Mortgagce sliall bear interest at the rate provided for in tlie priticipal indebtedness, sha11
<br /> thereupon become a part of the indebtedness secured by this instrument, ratably and on a parity «�ith all
<br /> ` other indebtedness secured liereby, and shall be payable thirty (30) days after demand.
<br /> ' 12. If the premises, or any part thereof, be condemned under the po�eer of eminent domain, or
<br /> acquired for n public use, the damages awarded, the proceeds for the tahing of, or the consideration for
<br /> ; such acquisitimi, to the estent of the full nmount of the remaining unpaid indebtedness secured by this
<br /> mortgage, or hereby lssigned to the Mortgagee, and shail be paid forth«•itli to said ➢Sortgagee, to be
<br /> ' applied on account of the last mnturing installments of such indebtedness.
<br /> ` 13. If the \iortg•agor fails to make anv puyments when due, or to conform to and comply with any
<br /> � of the conditions or agreements contained in this mortgage, or the notes �rl� ich it secures, then the
<br /> " entire principul sum and accrued interest shall at once become due and pa�•able, at the election of the
<br /> �' .11ortgagee ; and this mortgnge may thereupon be' foreclosed immedintely for the �chole of the indebted-
<br /> ness hereby secured, includiug the cost of extending the abstract of title fram tlie date of this mort-
<br /> gnge to the time of commencing such suit, a reasonable attorney's fee, and any sums paid by the Veterans
<br /> '` Administration on account of the guaranty or insurince of the indebtedness secured hereby, all of �ti�hich
<br /> 7 shal] be included in the decree of foreclosure.
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<br /> 14. If the indebtedness secui•ed hei•eby be guaranteed or insured under Title 38, United Stltes Code, -� `;;•:�
<br /> such Title 1nd Regulations issued thereunder and in effect on the date liereof sliall go�•er�i the rights, duties N ,^-
<br /> and liabilities of the parties hereto, and any provisions of this or othcr instruments executed in connection �
<br /> T with said indebtedness which are inconsistent with said Title or Regulations are hereby �mended to ;q. ;
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<br />� conform thereto. �
<br />� The covenants herein contained shall bind, and the benefits and advantages shall inure to, thc �
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