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<br /> r 6. If he fails to pap uny sum or keep any covenant provided for in this mortgnge, the Mortgagee, at
<br /> its option, may pay or perfbrm the same, and ull espenditures so made shall be added to the principnl sum
<br /> owing on the above note, sliall be secured hereby, nnd shall bear interest untii paid at the rate provided
<br /> for in the principal indebtedness.
<br /> ,. .� . 7. Upon request of the Afortgagee, Mortgagor shall execute and deliver a supplemental note or notes
<br /> for the sum or sums advanced by Mortgagee for the alteration, moderniaation, or improvement made at
<br /> the Mortgagor's request ; or for maintenance of said premiaes, or for taxes or assessments againat the
<br /> eame, and for any otlier purpose elaewhere authorized hereunder. Said note or notes shall be secured
<br /> hereby on u parity �rith and as fully as if the advance evidenced thereby were included in the note first
<br /> described above. Said supplementul note or notes shall 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 agrecd upon by the liortgagee and Mortgagor. Failing to agree on the matw�ity, the �ti�hole of the sum
<br /> or sums so ndvanced shall be due and payable thirty (30) days after demand by the Rlortgagee. In no
<br /> event ahall the maturity extend beyond the ultimate maturity of the note first described above.
<br /> 8. Iie hereby assigns, transfers and sets over to the Mortgagee, to be applied to�vard the payment of
<br /> the note and all sums secured liereby in case of a default in the performance of any of the terms and condi-
<br /> ; , , _ . tions 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 shall remain unpaid ; and the Nfortgagee
<br /> shnll have power to appoint any agent or agents it may desire for the purpose of renting the same and col-
<br /> Iccting the rents, re��enues and income, and it may pay out of said incomes all necessary commissions and
<br /> expenses incurred in renting and mannging the same and of collecting reutals therefrom ; the balance
<br /> remainin�, if any, to be lpplied to�vard the discharge of said mortgage indebtedness.
<br /> �J. He �vill continuously maintain hazard insurance, of such type or types 1nd amounts as Mortgagee
<br /> may from time to time i•equire, on the improvements no�v m� liereafter on said premises and except �shen
<br /> payment for all such premiums has theretofore been made under (¢) of paragraph 2 hereof, «•ill pay
<br /> promptly �vlien dtte an�� premiums therefor. Upon default thereof, B'Iortgagee may pay� the same. All
<br /> insurance shall bs carried in companies approved by the 11Sortgagee and the policies and rene�rals thereof
<br /> sh111 be lield by the ilfortgagee and have attached thereto loss payable clauses in faeor of and in form
<br /> 4j acceptable to the \ioi•tgagee. In event of loss biortgagor will give immediate notice by mail to the EZort-
<br /> ' gagee, who may malce proof of loss if not made promptly by Mortgagor, and each insurance company con•
<br /> + cerned is hereby autliorized and directed to make payment for such loss directly to the �fortgagee instead
<br /> of to the .liortglgor 1nd the \lortgagee jointly, and the insurance proceeds, or any part thereof,
<br /> ` may be applied by the Mortgagee at its option either to the reduction of the indehtedness hereby secured
<br /> or to the restoration or i•epair of the property damaged. In event of foreclosure of this mortgage, or other
<br /> � transfer of title to the mortgaged property in extinguishment of the indebtedness secured hereby, all
<br /> � right, title :ind interest of the ➢fortgagor in and to any insurance policies then in force shall pass to the
<br /> purchaser or grantee.
<br /> � 10. As additional and coilateral security for the payment of the note descri6ed, aud all sums to 6ecome
<br /> � due under this mortgage, the 11lortgagor hereby assigns to the �fortga�ce ali lease bonuses, profits, reve-
<br /> `' nues, royalties, rights, and other benefits lccruing to the hiortgagor under any and all oil and gas leases
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<br /> no«•, or during tne life of this mortgage, executed on said premises, �rith the right to receive and receipt
<br /> �; fm� the same and lpply them to said indebtedness as �rell before as after default in the conditions of this
<br /> � mortgage, and the \Iortgagee may demand, sue for and recover any such pnyments �chen due and pay-
<br /> ablc, but shall not be requii•ed so to do. This assignment is to terminate and become null and void upon
<br /> ' releflse of this mortgage.
<br /> 11 . Fie shall not commit or permit waste ; and shall maintain the property in as good condition as at
<br /> present, reasonable �cear and tear excepted. Upon any failure to so maintain, Diortgagee, at its option,
<br /> ; mas� cause reasonable muintenance tvork to be performed at the cost of A4ortgagor. �ny amounts paid
<br /> „= tlierefor by hiortgagee shall bear interest at the rate provided for in the pi•incipal indebtedness, shall
<br /> � thereupon become a part of the indebtedness secured by this instrument, ratably and on a paritg �rith all
<br /> otlier indebtedness secured I�ereUy, and shall Ue payable thirty (30) days after demund.
<br /> ; 12. If the premises, or any part thereof, be condemned under the pon•er of eminent domain, or
<br /> % acquired for a public use, tlie damages awarded, the proceeds for the talcing of, or the consideration for
<br /> such acquisition, to the estent of the full umount of the remaining unpaid indeUtedness secured by this
<br /> mortgage, or hereby assigned to the BTm�tgagee, and shall be paid forth���ith to said '�tm�tgagee, to be
<br /> applied on account of tlze last maturing installments of such indebtedness.
<br /> 13. If the lfortgagor fails to make any payments when due, or to conform to and comply ���ith any
<br /> of the conditions or agreements contained in this mortgage, or the notes �+•hich it secures, then the
<br /> entire principal sum and accrued interest shall at once become due and payable, at the election of the
<br /> ' :�furtgagee ; and this mortgage may thereupon be foreclosed immediately for the ��•hole of the indebted-
<br /> ness hereby secured, including the cost of e�tending the abstract of title from the date of this mort-
<br /> gnge 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 tlie indebtedness secured liereby, all of «•hich
<br /> sliall be included in the decree of foreclosure.
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<br /> 14. If the indebtedness secured hereby be gulranteed or insured wider Title 38, United States Code, "^ �a,_',�.� � ,
<br /> such Title and Regulations issued thereunder and in effect on the date hereof shall govern the rights, duties N'�:. ;
<br /> � nnd tinbilities of the parties hereto, and any provisions of this or other instruments executed in connection � :
<br /> with said indebtedness which are inconsistent with said Title or Regulations are hereby nmended to
<br /> conform thereto. �
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<br />�� The covenants herein contained shall bind, and the benefits . and advantages shall inure to, the �
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