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<br /> 6. If he fails to pay any suin or ]ceep any covennnt pirovided for in this mortgnge, the Mortgagee, at
<br /> its option, muy pay or perform the same, and all expenditures so made ahall be added to the principal eum
<br /> owing on the ubove note, shall be secured hereby, und shall bear interest until pnid at the rate provided
<br /> for in the principal indebtedness.
<br /> � 7. Upon request of the Mortgagee, Mertgngor shall execute and deliver a su�plemental note or notes
<br /> for the sum or sums advanced by Mortgagee for thr. alteration, modernization, or improvement mnde at
<br /> ' tUe Mortgagor's request ; or for maintenance of said premises, or for taxes or assessments against the
<br /> same, and for any other pu�•pose elsewhere authorized hereunder. Said note or notes shnll be secured
<br /> hereby on u parity with and as fully us if the advance evidenced thereby ���ere included in the note first
<br /> described above. Said supplemental note or notes shull bear intereat ut the rnte provided for in the prin-
<br /> cipal indebtedness �nd shull be payab]e in approximately equal monthly pnyments for such period as mny
<br /> ; be agreed upon by the biortgagee and Mortgagor. Failing to agree on the maturity, the wl�ole of the sum
<br /> ' or sums so advanced shall be due and payable thirty (30) days after demnnd by thc hiortgagee. In no
<br /> event shall the maturity extend beyond the ultimate maturity of the note first described above.
<br /> 8. He hereby assigns, transfers and sets over to the Mortgagee, to be applied to�vard the payment of
<br /> the note and all sums secured hereby in case of u default in the performance of any of the terma and condi-
<br /> tiona of this mortgage or the said note, all lhe rents, revenues and income to be derived from the mort-
<br /> gaged premises during such time as the mortgage indebtedness shall remain tmpaid ; and the ➢fortgagee
<br /> ehail have power to appoint any agent or ugents it may desire for the purpo�e of renting the same and col-
<br /> lecting the rents, revenues and income, and it may pay out of said incomes atl necessary commissions and '
<br /> exnenses incurred in renting and managing the snme and of coIlecting rent�ls therefrom ; the balance
<br /> remuining, if any, to be npplied to���ard the dischnrge of said mortgage indebtedness.
<br /> 9. He will continuously maintuin hazard insurance, of such type or types nnd nmounts ns hlortgagee
<br /> m�y 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 (¢j of paragraph 2 hereof, �sill pay
<br /> premptly tvhen due any prentittms therefor:: Upon default thereof, Mortgagee may pay the same. All
<br /> insurance shall be carried in companies approved by the Mortgagee and the pulicies and rene���als thereof
<br /> � �F.:!1. be held by the 17ortgagee and have attnched thereto loss payable clauses in favor of nnd in form
<br /> acceptable to the 11lortgagee. In event of loss D�ortgagor will give immediate notice by mail to the blort-
<br /> gagee, �+�ho may malce proof of loss if not made promptly by Mortgngor, and each insurance company cun-
<br /> cerned is liereby authorized and directed to make payment for such loss directly to the liortgagee instead
<br /> of to the :�fortgugor and the ➢iortgagee jointly, nnd 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 /> or to the restoration or repair of the property dnmaged. In event of fomclosure of this mortgage, or other
<br /> � transfer of title to the mortgaged property in extinguisliment of the indeUtedness secured hereby, all
<br /> right, title and interest of the l�tortgagor in and to any insurance policies then in force slinll pass to the
<br /> piu•chaser or grantee.
<br /> 10. As additional and cotlatera! security for the pay-ment of the note described, and all sums to Uecome
<br /> ; due under this mortgage, the ➢4oi�tgagor hereby assigns to the Dfortgagee all lease bonuses, profits, reve-
<br /> nues, royalties, rights, and other benefits accruing to the hiortgagor under any and all oil and gas leases
<br /> now, or during tne life of this mortgage, executed on suid premises, «•ith the right to receive and receipt
<br /> for the same and appl,v them to said indebtedness as �vell before as after default in the conditions of this
<br /> mortgage, and the liortgagee may demand, sue for and recover any sucli payments �ti�hen due and pay-
<br /> ablc, but shall not be required so to do. This assignment is to terminate and become nuil and void upon
<br /> release of this mortgage.
<br /> 11 . He shall not commit or permit �vaste ; and shall maintain the property in as good condition as at
<br /> ,� present, reasonable tcear and tear excepted. Upon any failure to so maintain, niortgagee, at its option,
<br /> may cause reusonaUle maintenance �vork to be performed at the cost of blortgagor. Any amounts paid
<br /> therefor by Mortgagee shall bear interest at the rate provided for in the principal iridebtedness, shali
<br /> thereupon become a pai•t of the indebtedness secured by this instrument, ratably and on a parity «�ith all
<br /> other indebtedness secured hereby, and shall be payable thirty (30) days after demand.
<br /> 12. If the premises, or any part thereof, Ue condemned under the po�+�er of eminent domain, or
<br /> acquired for a public use, the damages awlyded, the proceeds for the talcing 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 biortgagee, and sliall be paid forth�vith to said hfortgagee, to be
<br /> applied on account of the last maturing installments of such indebtedness.
<br /> 13. If the �fortgagor fails to make anp payments when due, or to confoi•m to and comply w�ith any
<br /> of the conditions or agreements contained in this mortgage, or the notes which it sect�res, then the
<br /> entire principal sum and accrued interest shall at once become due and p�yable, at the election of the
<br /> Mortgagee ; and this mortgnge may thereupon be foreclosed immediately for the ���hole of the indebted-
<br /> ness hereby secured, including the cost of extending the abstract of title from the date of this mort-
<br /> gnge to the time of commencing such suit, a reasonable attorney's fee, and 1ny sums paid by the Veterans
<br /> Administration on account of the guaranty or insurance of the indebtedness secured hereby, all oP «�hich
<br /> shall be included in the decree of foreclosure.
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<br /> 14. If the indebtedness secured hereby be guaranteed cr insuced under Title 38, United States Code, � ' ` *
<br /> such Titic and RegulAtior,s issued thereunder and in effect on the date hcreof shall go��ern the rights, dUtieB N ,��
<br /> and liabilities of the parties hereto, and any provisions of this or other instrumei�ts executed in connection �
<br /> , � with suid indebtedness which are inconsistent with said Title or Regulations are hereby amended to � � '
<br /> conform thereto.
<br /> The covenants herein contained sh111 bind, and the benefits and advnntnges shali inure to, the ^'�
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