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<br /> I 6. If he fuils to pay any sum or keep any covenant provided for in thia mortgage, the Mortgagee, at
<br /> its option, may pay or perform the same, and all expenditures so made shall be added to the principal sum
<br /> o���ing on the above note, shall be aecured hereby, and shall bear interest until paid at the rate provided
<br /> for in the principal indebtedness. '
<br /> , i 7. Upon request of the Mortgagee, Mortgagor shall execute and deliver a supplemental note or notes
<br /> for the aum or sums advanced by Mortgagee for the alteration, modernization, or improvement made at
<br /> the blortgagor's request ; or for maintenance of said premises, or for taxea or assessments against the
<br /> same, and for any other purpose elsewhere authorized hereunder. Said �iote or notes shall be secured
<br /> hereby on a parity with and as fully as if the advance evidenced thereby �ti�ere included in the note first
<br /> described above. Said supplemental note or notes shall bear interest at the rate provided for in the prin-
<br /> cipal indebtedness and shall be payable in approximately equal monthly pnyments for such period as may
<br /> a , � be agreed upon by the \Iortgagee and 114ortgagor. Failing to agree on the maturity, tlie �+�hole of the sum
<br /> or sums so advanced shall be due and payable thirty (30) days after demand by the nfortgagee. In no
<br /> event shall the maturit5� extend beyond the ultimate maturity of the note first described above.
<br /> 8. He hereby �ssigns, transfers and seta over to the Dfortgagee, to be applied towurd the payment of
<br /> the note and all sums secured hereby in case of a default in the performance of any of the terms and condi-
<br /> tions of thia mortgage or the said note, all the rents, revenues and income to be derived from the mort-
<br /> saged premises during such time as the mortgage indebtedness shall remain unpaid ; and the nfortgagee
<br /> shall have power to appoint any agent or agenta it may desire for the purpose of reuting the slme and col-
<br /> x ; lecting the rents, revenues and income, and it may pny out of said incomes all necessaiy commissions and
<br /> ' ' expenaes incurred in i•eiiting and mauaging the same and of collecting rentals therefrom ; tiie balance
<br /> T�. C remaining, if any, to be applied toward the discharge of said mortgage indebtedness.
<br /> :;` ; 9. He �vill continuously maintain hazard insurance, of such type or types and amounts as 1liortgagee
<br /> ''; y may from time to time require, o�t the improvements now or hereafter on said premises and except �vhen
<br /> � payment for all such premiums has theretofore been made under (a) of paragraph 2 hereof, �ti'ill pay
<br /> promptly �vhen due any premiums therefor. Upon default thereof, D4ortgagee mav pay the same. All
<br /> j, � insurance shall be carried in companies approved by the 114ortgagee and the policies and renewals thereof
<br /> ' sh111 be held by the niortgagee and have attached tliereto loss payable clauses in fa�•or of and in form
<br /> i acceptable to the ➢iortgagee. In event of loss hiortgagor will give immedilte notice by mail to the Mort-
<br /> � gagee, «'ho mny mnke proof of loss if not made promptly by Mortgagor, and cach insurHnce company con•
<br /> ' cerned is hereby authorized and directed to make payment for such loss directly to the .11ortgugee instead
<br /> of to the 1Iortgagor nnd the Diortgagee jointly, and the insurince proceeds, or any part thereof,
<br /> ' ' may be applied by the Mortgagee at its option either to the reduction of tlie indebtedness hei•eby secured
<br /> � = or to tlze restoration or repair of the property damaged. In event of foreclosui•e of tliis mortgage, or other
<br /> '' s transfer of title to the mortgaged property in extinguishment of the indebtedness secured hereby, all
<br /> ,' � right, titie and interest of the blortgagor in and to any insurance policies then in force shall pnss to the
<br /> < purchaser or grantee.
<br /> `' ' 10. As additionnl and collateral security for the payment of the note described, and all sums to become
<br /> s t due under this mortgage, the hlortgagm� hereby assigns to the ➢4ortgagec all lease bonuses, profits, i•eve-
<br /> U. i nues, royalties, rights, and other benefits accruing to the IVfortgaqor undcr 1ny nnd all oil and gas leases
<br /> =' ' no�ti�, or during tne life of tliis mortgage, executed oii said premises, «�ith the i�ight to i•eceive and receipt
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<br /> i for the same and appl�� them to said indebtedness as «�ell before as after default in the conditions of this
<br /> x ; mortgage, and the ?�tortgagee may demand, sue for and reco�•er any such payments �ti�hen due and pay-
<br /> � ' ablc, but shall not be required so to do. This assignment is to terminate and become null and void upon
<br /> r; ; release of this mortgage.
<br /> '• 11. He shall not commit or permit waste ; and shall maintain the property� in as good coiidition as at
<br /> ; '^. present, reasonable ���ear and tear excepted. Upon any failure to so maintain, Ilfortgagee, at its option,
<br /> k � may cause reasonable maintenance �vork to be performed at the cost of ➢lortgagor. Any amotmts paid
<br /> ". � t}ierefor by Mortgagee shall bear interest nt the rate provided for in the principal iudebtedness, shall
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<br /> ., ; thereupon become a part of the indebtedness secured by this instrument, ratably and on a parity with all
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<br /> other indebtedness secured hereby, and shall be payuble thirty (30 ) days after demand.
<br /> � 12. If the premises, or any part thereof, be condemned under the po���er of emineut domain, or
<br /> acquired for a pttUlic use, the damages awarded, the proceeds for the talcing oF, or the consideration for
<br /> + � such acquisition, to the estent of the full amount of the remuining unpaid indebtedness secured by this
<br /> _ ' mortgage, or hereby assigned to the Mortgagee, and shall be paid forth«•ith to said :�Sortgagee, to be
<br /> applied on account of the last maturing iustallments of such indebtedness.
<br /> r ' 13. If the Dlortgagor fails to make anY payments when due, or to conform to and comply with any
<br /> of the conditions or agi•eements contained in this mortguge, or the iiotes «•hich it secures, then thc
<br /> entire principal sum and accrued interest shall at mice become due. and papable, at the election of the
<br /> :�iortgagee ; and this mortgage may thereupon be fornclosed immediately for the �vhole of the indebted-
<br /> ness hereby secured, including the cost of extending the 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 hereby, all of �ti�hich
<br /> shall be included in the decree of foreclosure.
<br /> 14. If the indebtedness secured hereby be guaranteed or insured imder Title 38, United States Code, ��'� �� "
<br /> such Title und Regulutions issued thereunder and in e(fect on the date hereof shall govern the rights, duties � ' ;� '�
<br /> and liabilities of the parties hereto, and nny pravisions of this or other instruments executed in connection � � ,,`
<br /> with stiid indebtedness which are inwnsistent with slid Title or Regulations nre hereUy amended to � �
<br /> conform thereto. 1` ' '
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<br /> The covenants herein contained shall bind, and the Uenefits and advantages shall inure to, the �? '
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