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<br /> 6, If he fails to puy any sum or keep any covenant provided for in this mortgage, the HSortgugee, at
<br /> its option, may pay or perfoim the same, and all expenditures so mnde shall Ue added to the principal sum
<br /> o�ti�ing on the above note, shull be secured liereby, and sl�all bear interest until paid at tlie rate provided
<br /> foi� in the principal indebtedness.
<br /> , • (! 7. Upon request af the lliortgngee, Mortgagor shnll execute and deliver u supplementul note or notes
<br /> ( for the sum or sums advnnced by Mortgagee for Uie alteration, modernizatimi, or improvement made at
<br /> tlie Mortgngor's request ; or for maintenance of said premises, or for taxes or nssessments against the
<br /> same, und for any other purpose elsewhere authorized liereunder. Said note or notes shall be secured
<br /> hereby on a parity with and as fully us if the ndvance evidenced thereby were iucluded in the note first
<br /> deseribed aboye. Said supplemental note or notes shall bear interest ut the rate provided for in the prin-
<br /> � cipal indebtedness and shall be payable in approximately equal monthly payments for such period as may
<br /> � be agreed upon by the l�fortgagee and I14m�tgugor. Failing to agree on the maturity, the ���hole oP tlie sum
<br /> or sums so ndvanced shall be due and payAble thirty (30) days after demand by the �fortgagee. In no
<br /> eveut shnll the maturity exte�id beyond tlie ultimute maturity of the note first described above.
<br /> � 8. He hereby assigns, transfers and sets over to the Mortgngee, to be applied to�ti�ard the payment of
<br /> f the note nnd all sums secured hereby in cuse of a default in the perfoimance of anp of the terms and condi-
<br /> � tions of this mortgage or the said note, ull the rents, revenues and income to be derived from the mort-
<br /> ' � gaged premises during such time as the mortgage indeUtedness shnll remain unpaid ; niid the :lfortgagee
<br /> shall ha��e po«�er to appoint any agent or agents it mfly desire for the pucpose of renti��g the 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 rentnls therefrom ; tlie balance
<br /> i remaining, if any, to be npplied toward the discharge of snid mortguge indebtedness.
<br /> 9. He �vill continuousl5• maintain hazard insurance, of such type or t�•pes and amounts as Hiortgugee
<br /> may from time to time require, on the improvements now or hereafter on said premises and except «�hen
<br /> paS�ment for ull such premiums has theretofore been made under (a) of parngruph 2 tiereof, «�ill pas�
<br /> promptly �vhen due any pi•emiums therefor. . Upon default thereof, Tiortgagee may pny the same. All
<br /> insurance shall be carried in companies approved by the llfortgagee and the policies and rene�ti�als thereof
<br /> slinll be held by the ric�rtgagee and have attached tliereto loss pnyable clauses in fa��or of and in form
<br /> ncceptable to the n4ortgagee. In event of loss 111ortgagor n�ill gi��e immediate notice by mail to tlie htort-
<br /> ` � gugee, who may make proof of loss if not made promptly by Mortgagor, nnd each insurance companp con•
<br /> �: # cerned is hereby authorized and directed to make payment for such loss directly to the �fortgagee instead
<br /> ' of to the \Iortgagor and the lfortgagee jointly, and the insurance proceeds, or nny part thereof,
<br /> ; may be applied by the Mortgagee at its option either to the reduction of the indeUtedness hereby secured :
<br /> or to the restoration or rcpair of the property damuged. In e�•ent of foreclosure of this mortgage, or other
<br /> 'I transfer of title to the mortgaged property in extinguishment of the indebtedness secured hcreby, all
<br /> right, title and interest of the ➢fortgagor in and to any insurance policies then in force shali puss to the
<br /> purchaser or gratttee.
<br /> „ 3 10. As additional and collateral security for the pa}�ment of the note described, aiid all sums to become
<br /> due under this mortglge, the 11lortgagor hereb3� assigns to the �Iortgagee :�11 ]ease bonuses, profits, reve-
<br /> nues, royalties, rights, and othcr benefits accruing to the 1lfortgagor under an}� and all oil nud gas leases
<br /> noa•, or during tiie life of this moi•tgage, executed on said premises, with the right to recei��e and receipt
<br /> for the same aud apply them to said indeUtedness as �sell before as after default in the conditions of this
<br /> mortgage, and the Dlortgagee may demand, sue for and recover any such pa��ments ��•hen due and pay-
<br /> ; aUle, but shall not be required so to do. This assignment is to terminate aud become nu4 and coid upon
<br /> release of this mortgage.
<br /> 11. He shall not commit or pei•mit «�aste ; and shall maintain thc property in as good condition as ut
<br /> r : present, re�sonnble n•ear and tear escepted. Upon any failure to so maintain, .liortgagee, at its option,
<br /> may cause reasonable mnintenance x•ork to be performed at the cost of him�tgagor. Any nmounts paid
<br /> tlierefor by Mortgagce shall bear interest at the rate provided for in the principal indebtedness, shall
<br /> thereupon become a pnrt o£ the indebtedness secured by this instrument� 1'At1UIJ� and on a parit�• «�ith all
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<br /> other indebtedness secured hereby, and shall be payable thirty (30) days after demand.
<br /> � � 12. If the premises, or any part thereof, be condemned under the po�cer of eminent domain, or
<br /> acquired for a public use, the damages awarded, the proceeds for the tal�ing of, or the consideration for
<br /> such acquisition, to the e�tent of the full nmount of the remaining mipaid indebtedness secured by this
<br /> ! mortgage, or hereby assigned to the Riortgagee, and shall Ue pnid forth�aith to said B{ortgngee, to be
<br /> applied on account of the last maturing installments of such indebtedness.
<br /> � 13, If the \iortgagor fails to make any payments when due, or to conform to and comply with 1ny
<br /> of the conditions or agreements contained in this mortgage, or the notes n•hich it secures, then the
<br /> ' entire principal sum and accrued interest shall at once become due and plyable, at the election of the
<br /> ASortgugee ; and this mortgage may thereupon be foreciosed inmiediltely for the «�hole of the indebted-
<br /> ness hereUy secured, including the cost of e�tending the abstract of title from the date of this ntort-
<br /> gage to the Eime of commencing such suit, a reasonable attorney's fee, and any sums paid b}� the Veterans
<br /> Administrutiou on xccount of the guarunty or insur�nce of the indebtedness secured liereby, all of �G�hich
<br /> shall be included in the decree of foreclosure. , �
<br /> 1�f. lf the indebtedness secured hereby be guaranteed or insured m�der Title 38, United Stntes Code, -, > ' � �
<br /> sucli Title 1nd Regulations issued thereunder and in etfect on tlic date hereof shall govern thc rights, duties N ';r;; ' '
<br /> i nnd liabilities of the parties hereto, and any provisions of this or other instruments executed in connection �
<br /> with said indebtedness whicli are inconsistent with said Title or Regulations are liereby amended to �, '
<br /> conform thereto. r` � ' �.
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<br /> The co�•ennnts herein contained shall bind, and thc Uenefits and advantages shnll inure to, the �??
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