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<br />� 6. If he fails to pay an�• sum or keep any covenant provided for in this mortqage, the Mortgagee, at
<br /> its option, may pay or perform the same, and al! expenditures so made shall be added to the principal sum
<br /> o�ving on the above note, sliall be secured hereby, and shall bcar interest until paid at ttie rate provided
<br /> for in the principal indebtedness.
<br /> 7. Upou request of the 1'fortgagee, Mortgagor shall execute and deliver a supplemental note or notes
<br /> , r for the sum or sums advanced by Mortgagee for the alteration, modernization, or impro�•ement made at
<br /> � the Mortgagor's request ; or for maintennnce of said premises, or for taxes or assessments against the
<br /> same, and for nny other purpose elsewhere authorized hereunder. Said note or notes shall be secured
<br /> hereby on a parity u•ith and as fully as if the advance evidenced thereby �+�ere included in the note first
<br /> described above. Said suppiemental note or notes shall bear interest at the rate provided for in the prin-
<br /> cipal indebtedness and shall be payable in approximately equal monthip payments for such period as may
<br /> be agreed upon by tlie llortgagee and 111ortgagor. Failing to agree oii the maturitp, the �shole of the sum
<br /> ` or sums so adt�anced shall be due and payable thirty (30) days after demand by the liortgagee. In no
<br /> a, event shall the maturity extend beyond the ultimate maturity of tlie note first descri�ed above.
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<br /> `" 8. He hereby assigns, h�ansfers and sets over to the �lfortgagee, 'to be applied to��•ard the payment of
<br /> the note and all sums secured hereby in case of a default in the performance of any of tr�e terms and condi-
<br /> tions of this mortgage or the said note, all the rents, revenues and income to be deri��ed from the mort-
<br /> gaged premises during such time as the mortgage indebtedness shall remain impaid ; and the 3lortgagee
<br /> shall have po�i�er to appoint any agent or agents it may desire for the purpose of renting the same and col- '
<br /> lecting the rents, re�•enues and income, and it may pay out of said incomes ail necessary commissions and
<br /> v espenses incurred in renting and managing the same and of collecting rentals therefrom ; the balance
<br /> y: remaining, if any, to be applied ton�ard the discharge of said mortgage indebtedness.
<br /> � 9. He «�ill continuouslp maintain hazard insurance, of such type or t�•pes and amounts as .lfortgagee
<br /> may fa•om time to time re�uire, on the improcements now or hei•eafter on said premises and except �vhen
<br /> �' pa}•ment for all such premiums has theretofore been made under (n ) of paragraph ? hereof, �vill pay
<br /> � : promptly when due an�• premiums therefor. Upon default thereof, bfortgagee ma,r• pay the same. All
<br /> insurance shall Ue carried iu companies upproved by the liortgagee and the policies and rene�rals thereof
<br /> ;' sh�li be held by the \fortgagee and liave attached thereto loss payable clauses in fa�•or of and in form
<br /> acceptabie to the Dlortgagee. In e�•ent of loss 1lortgagor n�ill gi�•e immediate notice by mail to the ➢iort-
<br /> gagee, �ti•ho may mal;e pi•oof of loss if not made promptly by Ilfortgagor, and eacl� insui•ance company con•
<br /> s cerned is hereby authorized and directed to make payment for such loss directl�� to tihe 3lortgagee instead
<br /> '` of to the .liortgagor and the \Iortgagee jointly, and the insm�ance proceeds, or any pnrt thereof,
<br /> ma�• 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 e�•ent of foreclosui•e of this mortgage, or other
<br /> transfer of title to the mortgaged property in eatinguishment of the indebtedness secured hereby, all
<br /> }, right, title and interest of tlie \Iortgagor in and to any insurance policies then in force sha]! pass to the
<br /> purchaser or grantee.
<br /> u 10. As additional and collateral security for the papment uf the note described, and all sums to become
<br /> due under this moi•tgage, tlie iliortgagor hei•eby assigns to the �Iortgagee ail lease bonuses, profits, rece-
<br /> ' nues, royalties, rights, and other benefits accruing to the 1liortgagor under auy and all oil and gas leases
<br /> � noo�, m� during tne liie of this mortgage, esecuted on said premises, �rith the right to recei�•e and receipt
<br /> ;: for the same and appl}• them to said indebtedness as ���ell before as after default in the conditions of this
<br /> " mortgage, and the \fortgagee may demand, sue for and reco��er any such pa��ments ���hen due and pay-
<br /> �: able, but shall not be requii•ed so to do. This assignment is to terminate and become null and �•oid upon
<br /> release of this mortgage.
<br /> 11 . He shall not commit or permit �saste ; and shall maintain the property in as good condition as at
<br /> present, reasonable n•ear and tear excepted. lipon any failure to so maintain, .liortgagee, at its option,
<br /> ma5• cause reasonable maintenance «�ork to be performed at the cost of 3lortgagor. �1ny amounts paid
<br /> therefor by Aiortgagee shall bear interest at the rate pro�•ided for iii the principal iiidebtedness, shall
<br /> � thereupon become a part of the indebtedness secured by this instrument, rataUl}• and on a parit�• �rith all
<br /> - other indebtedness secured liereby, and shall be payable thirty� (30 ) da}•s atter demand.
<br /> ,t 12. If the premises, or any part thereof, Ue condemned under the po�aer of eminent domain, or
<br /> � acquired for a public use, the damages a�sarded, tlte proceeds foc the taking oi, or the consideration for
<br /> '' such acquisition, to tlie extent of the ful! amount of the remaining unpaid indebtedness secured by this
<br /> mortgage, or hereby assigned to the hiortgagee, and shall be paid forth��•ith to said 1lortgagee, to be
<br /> applied on account oi tlie last maturing installments of such indebtedness.
<br /> 13. If the .lfortgagor fails to make anY payments «•hen due, or to conform to and comply �rith ang
<br /> i of the conditions or agreements contained in this mortgage, or the notes u�hich it secures, then the
<br /> entire principal sum and accrued interest shall at once become due and pa�•able, at the e]ection of tlie
<br /> � lfortgagee ; and this mortgage may thereupon be foreclosed immediately for the a•holc of' the indebted-
<br /> ness hereby secured, including the cost of estending ihe abstract of title from the dafe of this mort-
<br />` > gage to the time of commencing such suit, a reasonable attorney's fee, and any� sums paid b}• the \'eterans �
<br /> Administration on account of the guaranty or insurance of the indebtedness secw•ed hereby, ail of which
<br /> shall be included in the decree of foreclosure.
<br /> 14. If the indebtedness secured hereby be guaranteed or insured under Title 38, linited SLztes Code, • ! -
<br /> a such Title and Regulations issued thereunder and in effect on the date hereof shall go�•ern thc rights, duties �= ��
<br /> and liabilities of the parties hereto, and ant� provisions of this or other instruments executed in connection N ` "
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<br /> with said indebtedness ���hich are inconsistent «�ith said 'fiUe or Regulations nre hereby amended to
<br />"s ' � conform thereto. %s _
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<br />� The covenants herein contained shail bind, and the benefits and ad�•antages shali inure to, the �
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