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<br /> 7f� �\/ � 38 � �
<br /> 6. If he fnils to pny uny sum or keep cny covenant provided for in this mortgage, the Mortgagee, at
<br /> its option, may pay or pei•form the same, nnd all expenditures so made shall be added to the principal aum
<br /> owing on the above note, shall be secured hereby, nnd shall bear interest until paid at the rate provided
<br /> for in the principal indebtednesa.
<br /> (� ?. Upon requeat of the Mortgagee, Mortgagor shall execute and deliver a supplemental note or notes :
<br /> I ; for the sum or sums advanced by Mortgagee for the alteration, modernization, or improvement made at
<br /> the Mortgagor's request ; or for maintenance of aaid premises, or for taxes or assessmenta against the
<br /> same, and for any other purpose elsewhere authorized hereunder. Said note or notes shall be secured
<br /> hereby on a parity with and as fully as if the advance evidenced thereby were included in the note first
<br /> desci•ibed above. Said supplemental note or notes shail bear interest at the rate provided for in the prin-
<br /> cipal indebtedness and shall be payable in upproximately equal monthly payments for such period as may
<br /> be agreed upon by the 17ortgagee and Mortgagor. Failing to agree on the maturity, the whole of the sum
<br /> or sums so advanced shall Ue due and payable thirty (30) duys after demand by the Mortgagee. In no
<br /> event ahall the maturity extend beyond the ultimate maturity of the note first described above.
<br /> 8. He hereby lssigns, transfers and sets over to the D4ortgagee, to be appliecl tow�ard the payment of
<br /> the note and all sums secured hereby in case of n defauit in the perfa•mance of any of the terms and condi-
<br /> tious of this mortgage or the said note, all the rents, revenues and income to be derived from the mort-
<br /> gaged premises during such time as the mortgage indebtedness shatl remain unpnid ; und the 111ortgagee
<br /> ehnll have po�ver to appoint any agent or agents it may desire for the purpose of renting the same and col-
<br /> lecting the rents, revenues and income, and it may pay out of said incomes all necessury commissions and
<br /> expenses incurred in reuting and managing the same and of collecting rentals therefrom ; the balance
<br /> rentaining, if any, to be appiied to�vard the discharge of said mortgage indebtedness.
<br /> 9. He wili continuousiy muintain hazard insurance, of such type or types and amounts ns Mortgngee
<br /> may from time to time require, mi the impirovements now or hereafter on said premises and except «�hen
<br /> payment for all such premiums has theretofore been made under (a) of paragraph 2 hereof, �riil pay
<br /> promptly �vhen due any pi•emiums therefor. Upon default thereof, Niortgagee may pay the same. All
<br /> iusurance shall be carried in compnnies approved by the Mortgagee and the pnlicies and renewals thereof
<br /> sh111 be held by the Afortgagee and have attached tliereto loss payable clauses in fa��or of and in form
<br /> acceptable to the 11Sortgagee. In event of ]oss hiortgagor will give immediate notice by mail to the Mort-
<br /> gagee, who may make proof of loss if not made promptly by Mortgagor, and each insurunce company con-
<br /> cerned is hereby autliorized and directed to make payment for such loss directly to the Diortgagee instend
<br /> of to the �fortgagor 1nd the lfortgagee jointly, and the insurance proceeds, or any pu•t tltereof,
<br /> mny 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 damaged. In event of foreclosure of this mortgage, or other
<br /> transfer of title to tlte mortgaged property in extinguishment of the indebtedness secured hereby, all '
<br /> ` right, title and interest of the niortgagor in and to any insurance policies then in force shall pass to the
<br /> '� purchaser or grantee.
<br /> 10. As additionnl and colllteral security for the payment of the note described, and all sums to become
<br /> due under this mortgage, the Dfortgagor hereby assigns to the hfortgagee all lease bonuses, profits, revc-
<br /> nues, royalties, rights, and other benefits accruing to the 1Viortgagor under any and all oil and gas leases
<br /> no�v, or during tne life of this moa•tgage, executed on said premises, �rith the right to receive and receipt
<br /> , for the snme and apply them to said indebtedness as well before as after default in the conditions of this
<br /> mui•tgage, and the llortgagee may demand, sue for and recover any� sucli pa�mients «�hen due and pzy-
<br /> able, but sliall not be requii•ed so to do. This assignment is to terminate and become null 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 ns at
<br /> present, reasonable �rear and tear excepted. Upon any failure to so maintain, Mortgaqee, at its option,
<br /> may cause reasonable mainteuance ���ork to be performed at the cost of Mortgagor. Any amounts paid
<br /> tlierefor by Mortgagee shall bear interest at the rate provided for in the principal indebtedness, shall
<br /> thereupon become a pnrt of the indebtedness aecured by this instrument, ratably and on a parity with all
<br /> other indebtedness secured hereby, nnd shall be plyable thirty ( 30) days after demand.
<br /> 12. If the premises, or any part thereof, be condemned under the po«•cr of eminent domain, or
<br /> acquired for a public use, the damages awarded, 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 secui•ed by this
<br /> mortgage, or hereby assigned to the bSortgagee, and shall be paid forth�vith to said hlortgagee, to bc
<br /> applied on account of the last maturing inst111ments of such indebtedness.
<br /> 13. If the `iortgagor fails to make anv payments when due, or to conform to and comply with nny
<br /> a of the conditions or agreements contained in this mortgage, or the notes �ti•hich it secures, then the
<br /> entire principal sum and accived interest shall at once become due and p1��able, at the election of the
<br /> hiortgagee ; und this mortgage may thereupon be foreclosed immediately for the ���hole of the indebted-
<br /> �iess hereby secured, including the cost of extending tlie abstract of title fi•om the date of this mort-
<br /> gage to the time of commencing such suit, a reasonable attorney's fee, and any sums paid by the Veterans
<br /> Administration on account of the guaranty or insurance of the indebtedness secui•ed liereby, all of a�hich
<br /> shail be included in the decree of foreclosure. ; �
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<br /> 19 . If the indebtedness secured hereby be gunrantecd or insured under Title 38, United States Cocic, ' `"
<br /> such Title and Regulations issued thereunder and in effect on the date hereof shall govern the rights, duties ' 'N ��'�
<br /> and ]iabilities of the parties hereto, and any provisions of this or other instruments executed in connection � •
<br /> � with said indebtedness which are inconsistent with said '1'itle or P.egulations are hereby� amended to �'
<br /> n ' ;`"' .
<br /> conform thereto. �
<br /> The covenants herein contained shail bind, and the benefits and ach�antages shall inure to, the �
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