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<br /> 6. If he fails to pay any sum or keep any covenant provided for in this 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�ving on the above note, shall be secured hereby, and shail bear interest until paid at the rate provided
<br /> � for in the principal indebtedness.
<br />� 7. Upon request of the Mortgagee, Mortgagor shall execute and deliver a supplemental note or notes
<br /> ' for the sutn or sums advanced by Mortgagee for the alteration, modernization, or improvement made at
<br /> the Mortgagor's request ; or for maintenance of said premises, or for taxes or assessments 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 induded in the note first
<br /> described above. Said supplemental note or notes shall bear interest at the rate �rovided for in the prin-
<br /> cipal indebtedness and shall be payable in approximately equal monthly payments for such period as may
<br /> be agreed upon by the btortgagee and Mortgagor. Failing to agree on the maturity, the whole of the sum
<br /> or sums so advanced shall be due and payable thirty (30) days after demand by thc Mortgagee. In no
<br /> event shall the maturity extend beyond the ultimate maturity of the note first described above_
<br /> 8. FIe hereby assigns, transfers and sets over to the MorEgagee, to be applied to�vard 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 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 Mortgagee
<br /> shaIl have power to appoint any agent or agents it may desire for the purpose of renting the same and col-
<br /> lecting the rents, rer•enues nnd income, and it may pay out of said incomes all necessaiy commissions and
<br />' expenses incurred in re�iting and managing the same and of collecting rentals therefrom ; the balance
<br /> remaining, if any, to be applied to�vard the discharge of said mortgage indebtedness.
<br /> 9. He �vilt continuously maintain hazard insurance, of such type or types and amounts as Mortgagee
<br /> may from time to time require, on the improvements no�v or hereafter on said pi•emises and exeept when
<br /> payment for all such premiums has theretofore been made under ( a) of pttragraph 2 hereof, «•ill pay i
<br /> promptly �vhen dcae any premiums therefor. Upon default thereof, Mortgagee may pay the same. Ail •
<br /> insurance shall be carricd in companies approved by the Mortgagee and the policies and renewals thereof
<br /> shall be held by the Mortgagee and have attached thereto loss payable ciauses in favor of and in form
<br /> acceptable to the Mortgagee. In event of loss Mortgagor will give immediate notice by mail to the Mort-
<br /> gagee, �vho may make proof of loss if not made promptly by Mortgagor, and each insurance company con-
<br /> cerned is hereby authorized and dii•ected to make payment for such loss directly to the iVIoi•tgagee instead
<br /> of to the Mortgagor 1nd the Mortgagee jointly, and the insurance pi•oceeds, oi• any part thereof,
<br /> may 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 the mortgaged property in extinguishment of the indebtedness secured hereby, a❑
<br /> right, title and interest of tlie Niortgagor in and to any insurance policies then in fm•ce sh111 pass to the �
<br /> purchaser or grantee.
<br /> 10. As additional and collateral security for the payment of the note desci•ibed, ancl all sums to become ;
<br /> due nnder this mortgnge, the Mortgagor hereby assigns to the Mortgagee all lease bonuses, profits, reve-
<br /> nues, royAlties, rights, and other benefits accruing to the Mortgagor under any and all oil and gas leases
<br /> no�v, or during tiie life of this mortgage, executed on said premises, «�ith the right to x•ecei�•e and i•eceipt
<br /> for the same ancl appl�� them to said indebtedness as well before 1s after default in the conditions of this
<br /> mortgage, and the Nioi•tgagee may demand, sue for and recover any such payme�its ��•hen due and pay-
<br /> ablc, but shall not be required so to do. This assignment is to terminite and become null and coid upon
<br /> release of this mortgage.
<br /> 11 . He shail not commit or permit waste ; and shall maintain the property in as good condition as at
<br /> present, reasonable ��•ear and tear excepted. Upon any failure to so maintain, Mortgagee, at its option,
<br /> may cause reasonabic maintena�ice work to be performed at the cost of Mortgagor. Any amounts paid
<br /> therefor by Mortgagee shall bear interest at the rate provided for in the pcincipal indebtedness, shall
<br /> thereupon become a part of the indebtedness secured by this instrument, ratabiy and on a pnrity �eith all
<br /> other indebtedness secured hereby, and shall be payable thirty (30 ) days after demind.
<br /> 12. If the premises, or any part thereof, be condemned under the po�cer of eminent domain, or
<br /> acquired for a public use, the damages awarded, the proceeds for the talcing of, or tlie coi�sidei•ation for
<br /> such acquisition, to the extent of the full amount of the remaining unpaid indebtedness secured by this
<br /> mortgage, or hereby assigned to the Mortgngee, and shall be paid forth�cith to said Mortgagee, to be
<br /> applied on account of the last maturing instalIments of such indebtedness.
<br /> 13. If the Mortgagor fails to make anv payinents �vhen due, or to conform to and comply w�ith any
<br /> of the conditions or agreements contained in this mortgage, or the notes ���hich it secures, tlien the
<br /> entire principal sum and accrued interest shall at once become due and payable, at the election of the
<br /> Mortgagee ; and ttiis mortgage may thereupon be foreclosed immediately for the ���hole of the indebted-
<br /> ness hereby secured, including the cost of extending the abstract of title from 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 secured hcrcUy, all of �vhich
<br /> shall be included in the decree of foreclosure. r_ _ "'�_ `
<br /> �14. IF the indebtedness secured ' hereby be gdaranteed or insured under Title 38, United States Code, ``
<br /> such Title and Regulations issued thereunder and in effect on the date hereof shall govern the rights, duties � ' �' � i -
<br /> and liabilities of the parties hereto, and any provtsions of this or other instruments executed in connection � ` %.
<br /> " with said indebtedneas whieh are inconsiatent with said Title or Regulations are hereby amended to
<br /> . . . COI1fOThl �.t�LEPCtO. . �. . - . . . . . . . . . . � i ,'A : . ..
<br /> The covenants herein contained shall bind, and the benefits and advantages shall inure to, the ; ,�. "
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