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<br /> 78 - UOC; (� 25
<br /> 6. If he faila to pay any sum or keep any covenant provided for in thia mortgage, the Mort�a�ee, at
<br /> ita option, may pay or per•form the same, and all expenditures so made shall be added to the principal aum
<br /> owing on the above note, ahall be secured hereby, and ehall bear interest untii paid at the rate provided
<br /> , � for in the principal indebtednesa.
<br /> 1. Upon requeet of the Mortgagee, Mortgagor shall execute and deliver a supplemental note or notes
<br /> Yor the aum or suma advanced by Mortgagee for the alteration, modernization, or improvement made at
<br /> the Mortga�or's requeat ; or for maintenance of ssid premises, or for taxea or asseaements againat the
<br /> satcte, and Por any other purpose elaea�here authorized hereunder. Said note oz• notes ahall be aecured
<br /> hereby on a parity «�ith and as fully as if the advance evidenced thereby w�ere included in the note flrst
<br /> deacribed above. Said supplemental note or notes ahall Fiear intereat at the rate provided for in the prin-
<br /> cipal indebtedness and shall be payable in approximately equal monthly paymenta for auch period as may
<br /> be agreed upon by the Mortgagee and Mortgagor. Failing to agree on the matui•ity, the H�hole of the aum
<br /> or auma ao adcanced shall be due and payable thirty (30 ) days after demand by the Mortgagee. In no
<br /> event ahall the matui•ity extend beyond the ultimate maturity of the note first described above.
<br /> 8. He hereby assigna, tranafers and sets o�•er to the Mortgagee, to be appl ied to��ard the payment of
<br /> the note and aU sums secured hereby in case of a default in the performance of uny of the terms and coadi-
<br /> tiona oY this mortgage or the said note, all the rents, revenues and incame to be dei•i �•ed from the mort-
<br /> gaged premisea during such time as the mortgage indebtedness shall remain unpaid ; and the Diortgagee
<br /> ahall have power to appoint any agent or agenta it may desire for the purpose of renting the same and col-
<br /> lecting the renta, revenues and income, and it may pay out of said incomes all necessary commissiona and
<br /> expensea incuri•ed in renting and managing the same and of collecting rentals theref7om ; the balance
<br /> remaining, if any, to be applied tow�ard the diacharge of said mui•tgage indebtedness.
<br /> 9 . He will continuoualy maintain hazard insurance, of such type or ty�pes and amounts as '.Kortgagee
<br /> may from time to time require, on the improvementa now or heresfter on said premises and except when
<br /> payment for all such premiums has theretofore been made under ( a ) of paragraph 2 hereof, w-ill pay
<br /> promptly when due any premiums therefor. Upon default thereof, Mortgagee may pay the name. All
<br /> insurance shall be cai•rird in companies approved by the Mortgagee and the policies and rene�+•ale thereof
<br /> shal] be held by the :�Soi•tgagee and have attached thereto ]cavs payable clauses in fa��oi• of and in form
<br /> acceptable to the 33oi•tgagee. In event of loas Mortgagor will gi ��e immediate notic•e bp mail W the Mort-
<br /> Qayee, who may make proof of loss if not made promptly by Mortgagor, and cach inaurance company cun-
<br /> cerned is hereby suthorized and directed to make payment for such loas direcU�- to the '_4lortgagee instead
<br /> of to the �Iortgagor 3nd the 3lortgagee jointl��, and the insurance proceeda, or any part thereuf,
<br /> may be apPlied by the Mortgxgee at ita option either to the reduction of thc indebtedness hereb>� necured
<br /> or to the restoration or repaii• of the pi•operty damaged. In event of foi•eclosure of this rnoi•tgage, or other
<br /> tranafer of title to the mortgaged property in extinguishment of the indebtedness secured hereby, all
<br /> right, title snd, interest of the Mortgagor in and to any inaurance policies then in furce shall pxss to the
<br /> purchaeer or �rantee.
<br /> 10. As additionnl and collateral security fm� the payment of the note describc�d, ttnd all sums to become
<br /> due under thia mortgag•e, the Mortgagor hereby assigna to the Mortgagee all lease bonuses, profits, reve-
<br /> nuee, royaltiea, rights, and other benefite accruing to the Mortgagor under an�� and all oil and Qas leases
<br /> now, or during the life of this mortgage, executed on said pi•emiaes, w•ith the i•ight to i•ecei ��e and i•eceipt
<br /> for the same and apply them to said indebtedneas aa u�ell before as after Qefault in the conditiona of thia
<br /> mo►•tga�e, and the Mortgagee may demand, sue for and recover any such pa��me�its H�hen due and psy-
<br /> able, but shall not be required ao to do. Thia assiynment is to terrninate and become null and void upon
<br /> releaae of thia mortgage.
<br /> 11 . He shall not commit or permit waste ; and shall maintain the property in as gcwd rondition as at
<br /> present, reasonable ��-ear and tear excepted . Upon any failure to so maintain , Mortgagee, at ita optiou,
<br /> may cauee reasonable maintenance ti�ork to be performed at the cost of Mortgagor. Any amounts paid
<br /> therefor by Moi•tgagee shall besr interest at the rate provided for iii the pi•incipal indebtedneaa, shall
<br /> thereupon become a part of the indebtedneas secured by this inatrument, ratabl>• and on a parity k• ith all
<br /> other indebtedness secured hereby, and ahall be payable thirty ( 30 ) da>•s aft��r .3��mand .
<br /> 12. If the premises, or any part thereof, be condemned under the poH•er of eminent dumain, or
<br /> acquired for a public use, the damages awarded, Lhe proceeda for the taking of, ur the consideration for
<br /> such acquisition, to the extent of the full amount of the remaining unpaid indeLtedness aerured by this
<br /> mortga�e, or hereby assigned to the Mortgagee, and shall be paid for•th �vitli to said Mortgagee, to be
<br /> applied on account of the last maturing installments yf such indebtedness.
<br /> 13. If the Mortgagor fails to make anv paymenta when due, or to conform to and comply K�ith any
<br /> of the conditions or agreementa contained in thia mortgage, or the nutcs �+ hich it secures, then the
<br /> entire principal �um and accrued interest ahall at once become dwe and pa> abi .�, xt thv el��cti ��n ��f the
<br /> Mort�ee ; and Lhis mortgsge may thereupon be forecloaed immediately for the whole of the indebted-
<br /> ness hereby secured, including the coat of extendin� the abatract of title from the date of this mort-
<br /> �age to the time of commencing such auit, a reasonable attorney's fee, and an�• aurns paid by the �'eterana
<br /> Administration on account of the guaranty or insurance of the indebtednc�as secwrd hercb��, all of µ�hich
<br /> ahsll be included in the decree of forecloaure.
<br /> 14. If the indebtedness secured hereby be guaranteed or insur� under Title 38, i 'nited Statea Code, t" �,;` A
<br /> auch TiYle and Reaulatione isaued thereunder and in effect on the date hereof shall govern the rights, duties
<br /> artd liabilities of the parties hereto, and any provieions of this or other instruments executed in conneetion �A '!
<br /> with said indebtedtiees which are inconaiatent with said Title or Regulationa xre hereby amended to
<br /> conform thereto.
<br /> T1ie covenante herein contamed ahail bind, snd the benefits and advantages sha11 inure to, the ,
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