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, � .,:::: � , � ��;:i. a � ' �-. - 76 C 0 3 � 18 6. If he fails to pay uny sum or keep uny covenant provided for in this mortgage, the Mortgagee, at its option, may pay or perform the same, and all expenditures so made shall be added to the principa! sum owing on the abovc� note, bhall �e aecured hereby, and shall bear interest until paid at the rate provided for in the principal indebtedness. � 7. Upon request of the Mortgagee, Mortgagor ohall execute and deliver a supplemental note or notes for the sum or sums advanced by Mortgagee for the niteration, modernizution, or improvement made at tho Mortgagor's request ; or for maintenance of said premises, or for taxes or assessments againat the sume; and for any other purpose elsewhero authorized hereunder. Said note or notes shall be secured hereby on a parity �vitli and us fully ae if the advance evidenced thereby �vere included in the note first described above. Said supplemental note or notes shall bear interest at tho rate pirovided for in the prin- cipal indebtedness and shall be pAyable in npproximutely equul monthly payments for auch period as may be agreed upon by the tiiortgagee and Mortgagor. Failing to agree on the maturity, the whole of the sum or sums so ndvanced shall be due and payable thirty (30) days after demand by the hlortgngee. In no event shall the maturity� extend beyond the ultimate maturity of the note first described above. 8. He hereby assigns, transfers and sets over to the Mortgagee, to be applied townrd the payment of the note and all sums secured hereby in case of a default in the performance of nny of tlie terms und condi- 1 tions of this mortgage or the said note, all the rents, revenues and income to be derived from the mort- gaged premises during such time as the mortgage indebtedness shall remain unpaid ; and the Moi•tgagee ' ; shull have power to appoint any agent or ugents it may desire for the purpose of renting the same und col- ! ]ecting the rents, revenues and income, and it may pay out of said incomes all necessary commissions and ' expenses incurred in renting and munuging the same and of collecting rentals therefrom ; the balance remaining, if any, to be applied toward the diachurge of said mortgage indebtedness. � 9. He �vill continuously maintain hazard insurance, of such type or types and amounts tts i�Iortgagee may from time to time require, on the improvements now or hereafter on said premises and except when puyment for all such premiums has theretofore been made under (a) of paragraph 2 liereof, ��ill pay piromptly �vhen due any premiums therefor. , Upon defuult thereof, Mortgagee may pay the same. All : insurttnce shall be carried in companies approved by the Nlortgagee and the policies and rene�vals thereof shnll be held by the 14lortgagee and have attached thereto loss payable clnuses in favor of nnd in form acceptable to the Mortgagee. In event of loss Mortgagor will give immediate notice Uy mail to the Mort- gagee, who may make proof of loss if not made promptly by Mortgagor, and each insurance company con• cerned is hereby suthorized and directed to make payment for such loss directly to the �iortgagee instead • of to the ,llortgagor nnd the 14ortgagee jointly, and the insurance proceeds, or any part thereof, ,. ; may be applied Uy the Mortgagee at its option either to the reduction of the indebtedness hereby secured or to the restoration or repair of the property damaged. In event of foreclosure of thia mortgage, m� other i transfer of title to the mortgaged property in extinguishment of the indebtedness secured hereby, all right, title and interest of the ➢Iortgagor in and to any insurance policies then in force shali pass to the purchaser or grantee. 10. As addition�i and collateral security for the payment of the note described, and all sums to become . due under this mortgage, the hlortgagor hereby assigns to the �Iortgagee all lease bonuses, profits, reve- nues, royalties, rights, and other beneftts accruing to the Mortgagor under any and all oil and gas leases � ' now, or during tne life of this mortgage, executed on said premises, �sith tho right to receiee and receipt for the same and apply them to said indebtedness as well before as after default in the conditions of this mortgage, and tlie Tlortgagee may demand, sue for and recover any such payments «�hen due and pay- ablc, but shall not be required so to do. This assignment is to terminate and become null nnd void upon releuse of this mortgage. 11 . He shall not commit or permit �ti'aste ; and shnll maintain the property in as good condition as at present, reasonable n•ear and tear excepted. Upon any failure to so maintain, Mortgngee, at its option, tnay cause reasonaUle maintenance work to be performed at the cost of Mortgngor. Any amounts paid therefor by Mortgagce shall bear interest at the rate provided for in the pi•incipal indebtedness, shall thereupon become a part of the indebtedness secured by this instrument, ratabl�� and on n pnrity with all other indebtedness secui•ed liereby, and ahall be payable thirtp (30) days after demand. 12. If the premises, or any part thereof, 6e condemned under the po«�er of eminent domain, or acquired for a public use, the damages awarded, the proceeds for the tal{ing of, or the consicieration for such acquisition, to the extent of the full amount of the remuining unpaid indebtedness secured by this mortgage, or hereby assigned to the Mortgagee, and shail Ue paid forth�cith to said B4ortgagee, to be ` applied on account of the ]ast maturing instaliments of such indebtedness. 13. If the ➢foi•tgagor faiis to make any payments when due, or to conform to and comply with any of the conditions or agreements coiitained in this mortgage, or the notes ��•hich it secures, then the entire principal sum and accrued interest shall at once become due and payable, ut tlte election of the blortgagee ; and this mortgage may thereupon he foreclosed immediately for the n•hole of the indebted- ness hereby secured, including the cost of extending the a�astract of title fi•om the date of this mort- gage to the time of commencing such suit, a reasonabie attorney's fee, and au}� sums paid by the Veterans Administration on account of the guaranty or insurance of the indebtedness secured hereby, all of which shall be included in the decree of foreclosure. 14. If the indebtedness secured hereby be guaranteed or insured imder Title 38, United States Code, ' ~ � ' - such Title and Regulations issued thereunder and in effect on tlie date liereof shall govern the rights, duties N :;; . ' � and liabilities of the parties hereto, and any provisions of this or other instrumeuts executed in connection � , with stud indebtedness which nre inconsistent with said Title or Regulations <<re hereby amended to � conform thereto. h `" The covenants herein wntained shull bind, nnd the benefits and adv�ntages stizll inure to, the � ' " s {� � tl � � = 1