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� <br /> y i ' �.' <br /> ; . .''.,> <br />`�a. ^— � <br />�� � � �. oo � J � ;� <br /> 6. If he fails to pay i:ny sum or Iceep any covennnt provided foi• in tliis mortgabe, the Moi•tgugce, at <br /> its option, mtiy pay or pei•form the same, and all expenditures so made shnil be added tu the principal suin <br /> owing mt the above note, sh�ll be aecured hereby, nnd shall bear interest until paid ut thc rate providecl <br /> forinthe principalindeUtednesa. <br /> r 7. Upon request oF the Mortgugee, Mortgagor shall execute and deliver u supplementul note or notes <br /> � for the aum or sums ndvanced by Mm•tgagee for the niteratioii, modernizntiion, or improvement mnde at <br /> the Mortgttgor's request ; or for maintenance of said premises, or for taxes or ussessments ngainst the <br /> same, and for any other purpose elsewhere authorized hereunder. Said note or notes shull be aecured <br /> hereby on a parity n•ith and as fully ns if the advance evidenced thereby �rere included in the note f9rst <br /> Q ' described nbove. Said supplemental note or notes shall bear interest at the rnte provicled Por in the prin- <br /> cipal indebtedness and shall be payable in approximately equal monthlv payments for such period as may <br /> be agreed upon by the 11ioi•tgflgee and Mortgagor. Failing to ngree on the mattu•ity, the u•hole of the sum <br /> '' ' or sums so advnnced shall be due and payable thirty ( 30) days after demand by the Dlortgagee. 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 ot�er to the Mortgagee, to be applied toward the payment of <br /> the note and �Il sums secured hereby in case of a default in the performance of :iny of the terms and condi- <br /> tions of this mortgage or the said note, all the rents, revenues and inwme to be derived from the morb <br /> gaged pi•emises dm�ing such time as the mortgage indebtedness shall remain unpaid ; and the ,l3ortgagee <br /> shull have power to nppoint any agent or agents it may desire for the purpose of reiiting the same and col- <br /> lecting the rents, revenues and income, 1nd it mny pay out of said incomes all necessaiy commissions and <br /> espenses incuri•ed in i•enting and manuging the slme aud of collecting rentals therefrom ; tlie balunce <br /> , ' remaining, if any, to be applied to�ti�ard the dischurge of said mortgage indebtedness. <br /> 9. FIe will continuously maintain hazard inscrance, of such type or types and amounts as bfortgagee <br /> may from time to time require, on the improvements now or hereafter on sairl pi•emises and except �vheii <br /> payment for all such premiums has theretofore been made under (a ) of paragraph 2 hereof, �sill pay <br /> promptly �vhen due any premiums therefor. Upon default thercof, Dfoi•tglqee may pay tha same. All <br /> insurance shall be carried in companies approved by the il�ortglgee and the policies aud renewnls thcreof <br /> shnll be held by the Dlortgagee and have attached thereto loss payable dauses in fa�•or of xnd in form <br /> „ ; �tcceptable to the 117ortgagee. In event of loss 111ortgagor «-ill give immediate notice by mail to the ➢iurt- <br /> gagee, wito may mnite proof of loss if not made promptly by Mortgagor, and each iusurance company con- <br /> cerned is here6y authorized and dii•ected to make payment for such loss dii•ecLly to the llortgagee instead <br /> � of to the 3tortgagor 1nd the liortgagee jointly, nnd the insurance proceeds, or any part thereof, <br /> ma5� be applied by the Mortgagee at its optiov either to the reduction uf the indebtedness hereby secured <br /> or to the restoration or rept�ir of the property damaged. In event of foreclosure of this mortigage, or other <br /> transfer of title to tlte mortglged proper�y in extinguishment of the indcbtedness secured hereby, nll <br /> right, title and intecest of the Dlortgagor in and to any insurance policies then in force shall pass to the , <br /> purchuser or grnntee. <br /> 10. As additionnl and collaterai security for the payment of the notc described , aud all sums to become <br /> dtte under this mortgage, the �Sortgagor hereby assigns to the Afortgagee all lease bonuses, protits, reve- <br /> nues, royaltics, rights, <vid other benefits accruing to the Mortgagor wider any and all oil and gas leases <br /> : ' noo•, or during the life of this mortgage, executed on said premises, �rith the right to i•eceive and i•eceipt <br /> for the same and apply them to said indebtedness as n•ell before as after default in the conditions of this <br /> mm•tgage, and the lfortgagee may demand, sue for aud recover any such payments �vhen due and pay- <br /> '` ' able, but sltall not be required so to do. This assignment is to terminate and bccome null and �•oid upon <br /> release of this mortgage. <br /> � 11 . He sh�ll not commit or permit waste ; and shail maintain the p�•opert}� in as good condition as at <br /> � iesent reasonnble �cear and tear e�ce ted. U on any failure to so maintain, D1ort �a ree at its o tion <br /> f P ' � P P b 6 , P , <br /> - ma5� cause rensonable mainlenance worlc to be performed at the cost of :lfortgagor. Aup amounts paid <br /> tliereior b�� Mortgagee shall bear interest at the rate provided for in the principal indebtedncss, shall <br /> tliei•eupon become a part of the indebtedness secured by this instivment, rat:ibl�� and on a parity� «•ith all <br /> other indebtedness secured liereby, and shall be pa�•nble thii•t5� ( 30) d15�s al'ter demand. <br /> ' 12. If the premises, or any pnrt thereof, bc condemned under thc powei• of emiucnt domain, or <br /> acquired for <� public use, the damnges awnrded, the proceeds for the talcing of, or the consideration for <br /> , such acquisitioii, to the e�tent of the full amouut of the i•emaining unpaid indebtedness secui•eci by this <br /> mortgage, or hereby assigned to the Mortgagee, nnd shaii be paid foi•thn�ith to said :�fortgagee, to be <br /> applied on accoimt of the last maturing instaliments of such indebtedness. <br /> 13. If the �fortgagor fails to make anY payments when due, or to conform to and comply �+•ith any <br /> t of the conditions or agreements cuntained in this mm•tgage, or th.e notes ���hich it secures, then the <br /> entire principal sum and accrued interest shall at once become due and p:i}•able, at tlie election of the <br /> .lfortqagee ; nnd this murtgnge may thereupon be fnrecloscd immediatelp for the ��•hole of the indebted- <br /> ness hereby secured, including the cost of extending the absfract of title from the date of this mort- <br /> gage to the time of commencing such suit, a reasonable attorney's fee, nnd an�• sums paid by the Veterans <br /> Administration on account of the guaranty or insurance of the indebtedness secui•ed hei•eby, all of �vhich <br /> � shait be included in the decree of fareclosure. � <br /> ; , <br /> 14. If the indebtedness secui•ed liereby be guaranteed or insui•ed undei• '1'iHe 88, United Stntes Code, ' � J' � <br /> such Titie and Regulations issued thereunder and in efLect on the date hereof shall go�•ern the rights, duties N � � <br /> > :: <br /> and liabilities of the parties hereto, and any pro��isions of this or other insh•umeiits esecuted in connection � <br /> with said indebtedness which are inconsistent ���ith SHI(j Title or Regulations are hereUp lmended to �" <br /> n ' , <br />� V conform thereto. � <br />�^�. The cov^_nunts herein contained shall bind, and the benefits and advaniages shall inurc lo, the � <br />, n - <br /> F�c,�.y <br /> 1' <br />�,� <br />:r�{ <br /> _"'i <br /> Z�,_`�•,4 J <br /> < � <br /> ., '�. <br /> . F <br /> -�� <br /> ' t <br /> i <br /> ji <br /> t <br />