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<br />� 76- 003 � 46
<br />� 6. If he fails to pay any sum or ]ceep any covenunt provided for in this mortgage, the Mortgagee, at
<br /> its option, may pay or perform the sume, and all expenditures so made shall be added to the principal sum
<br /> owing mi the above �iote, sl�all be secured hereby, and shall beai� interest until paid at the i•ate provided
<br /> for in the principal indebtediiess.
<br /> . � 7. Upon request of the 14fortgagee, Mortgagor shall execute and deliver a supplemental nate or notes
<br /> for the aum or sums advanced by Mortgagee for the alteration, modernization, or improvement made at
<br /> the Mortga�or's request ; or for maintenance of said premises, or for taxes or assessme�tts against the
<br /> same, and for any other purpose elsewhere authorized hereunder, Said note or notes shall be secured
<br /> hereUy on a parity «�ith aud as fullv as if the advance evidenced thereby �rere included in the note first
<br /> described above. S�iid suppleme�ital note or notes shall bear interest at the rnte pi•ovided for in the prin-
<br /> cipal indebtedness and shall be payable in appiroximately equal monthly payments for such period as may
<br /> be agreed upon bv the :1lortgagee and Mortgagor. Pailing to agree on the maturity, the �t�hole of the sum
<br /> or sums so advanced shall be due and paylbte thirty (30 ) days after demand by the liortgagee. In no
<br /> event shali tlie maturit�� extend beyond the ultimate maturity of the note first described above.
<br /> 8. lIe hereby assigns, transfers and sets over to Uie Mortgagee, to be applied toward the payment of
<br /> the note and all sumc secured hereby in case of a default in the performance of any of the terms xnd condi-
<br /> tions of this mortgage or the said note, all the rents, revenues and income to be derived from ihe mort-
<br /> 6aged premises dui•ing such time as the mortgage indebtediiess shull remain unpaid ; and the �4ortgagee
<br /> shall have po�ti�er to lppoint any agent or agents it may desire for the purpose of rentiug the same and col-
<br /> , � lecting the rents, re�•enues nnd income, �nd it may pay out of said incomes all necesslry commissions and
<br /> expenses incurred in reuting and mannging the same and of coilecting rentals therefrom ; the balauce
<br /> remnining, if nny, to be npplied to�rard the discharge of said mortgage indeUtedness.
<br /> 9. He will coutinuousl�� maintain hazard insurance, of such type or types and amounts �s btortgagee
<br /> ma}� from time to time renuire, ai the improvements now or hereafter on said premises and except �vhen
<br /> payment for all such pi•emiums has theretofore beem m�de under (n ) of plragrap]i 2 liei•eof, u�ill pay
<br /> promptly �vhen due any premiums therefor. Upon default thereof, 1�lortgagee m1y pay the same. All
<br /> insurance shall Ue c:u�ried in companies approved by the ilfortgagee and the policies and renewals thereof
<br /> shall be held by the ,llorlgagee and have attaclied thereto loss pa}•able clauses in fa��oi• of and in form
<br /> acceptnble to the Dlortgagce. In event of loss \fortgagor �vill give immediate notice by mail to the 1lfort-
<br /> gagee, ���ho may malce proof of loss if not made promptly by Mortgngor, and each insurance company con-
<br /> F ' cerned is hereby authorized aud directed to make payment for such loss directly to the .11ortgagee insteaci
<br /> of to the .11ortgngoc and the 1[ortgagee jointly�, and the insurance proceeds, or any part thereof,
<br /> may be api�lied Uy� the Mortgagee at its option either to the reduction of the indebtedness hereby secured
<br /> or to the restoration or repair of the property damaged. In event of foreclosure of this mortgage, or other
<br /> transfer of title to tlie mortguged property in extinguishment of the iudebtedness secured hei•eby, all
<br /> x : right, title and interest of tlie nlortgagor in and to nny insurance policies then in force shall pzss to the
<br /> ;: � purchaser or grantee.
<br /> ; 10. �s addition<il and collateral security for the payment of the note described. aud all sums to becatte
<br /> � due under this mortgagc, the Diortgagor hereby assigns to the 1lortgagee all lease bonuses, pirofits, reve-
<br /> `•' ' nues, i•oyalties, i•ights, and other beiiefits accruing to the llortgagor under an�• and all oil and gas leases
<br /> F no�v, or duriug tiie life of Uiis mortgage, executed on said premises, «�ith the right to recei�•e ancl receipt
<br /> fm� the snme and appl�• them to said indebtedness as �sell before as after default in the conditions of this
<br /> mortgage, :ind the �Iortgagce may demand, sue for aud reco��er any sucl� payments ���hen due and pay-
<br /> able, but shall not bc requircd so to do. This assignment is to terminnte and become null and ��oid upon
<br /> r rcleasc of this mortgage.
<br /> 11 . He shall not commit or permit «�aste ; and sh:�ll maintain the property in as good condition as at
<br /> present, rclsonable «�ear aud tear escepted. Upon any failure to so maintain, ➢iortgagee, at its option,
<br /> �, may cause reasonable maiutenance work to be performed at the cost of Dfortgagor. Any amounts paid
<br /> '� therefor b�� Moi•tgagee shall be�r i�itcrest at the rate pi•ovided for in tlie principal iudebtedness, shall
<br /> r thei•eupon becmne a pai•t of the indebtedness secured by this instrument, ratabt�� and oii a parity �vith all
<br /> other iudebtedness seciu•ed hereby, and shall be payable thirty ( 30 ) days after demand.
<br /> ; 12. If the premises, or any part thereof, be condemned wider the pou•er of eminent domain, or
<br /> ncquired for 1 public use, the damages awarded, the proceeds for the talcing of, or the consideration for
<br /> ` such acquisition, to the extent of the full nmount of the remaining unpaid indebtedness secuced b,y this
<br /> mortgage, or hereb�� assigned to the 1lfortgagee, and sliall be paid fortlrn•ith to said ➢fortgagee, to be
<br /> � applied on account of the Ixst maturing installments of such indebtedness.
<br /> 13. If the �tortgagor f�ils to malce any payments «�hen due, or to confm•m ta and complp ��•ith any
<br /> of the conditions or zgreements contained in this mortgage, or the notes �shich it secures, then the
<br /> entire principal sum and lccrued interest shall at once become due and paynble, at the election of the
<br /> \Iortgagee ; and this mortg.ige may thereupon be toreclosed immediatel}� for the ���hole of tlie indebted-
<br /> ,; ', ness hereby secured, includiug the cost of extending the abstract of title from the date of this mort-
<br /> gage to the time of commencing such suit, a reasonable attorney's fee, and an}• sums paid b�� the Veterans
<br /> Administration on account of the guaranty or insurance of the indebtedness secured hereby, a11 of which
<br /> shall be included in tiie decrce of foreclosure. .. i
<br /> t 14. If the indebtedness secured hereby be gulrantced or insin•ed under Titic 38, United States Code, N �'', .
<br /> sucli Title nncl Regulations issued thereunder and in etPect ou the dlte liereof shall go��ern the riglits, duties � '
<br /> :�nd liabilities of the parties hereto, and any provisions oC this oi• othei• instruments executed iii connection
<br /> «•ith said indebtedness which are inconsistent a•ith said Title or Regulations are hereby amended to � "
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<br /> � conform thereto. t�
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<br />�, The co��enants herein contained shall Uind, and the benefits and advanflges shall inure to, thc _.
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