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<br /> ' &. 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 perforrn the same, and all expenditures so made shall be added to the principal sum �
<br />� owing on the above note, shall be secured hereby, and shall bear interest untii paid at the rate provid+ed
<br />� for in the principal indebtedness. i
<br /> '7. ZJpon request of the Mortgagee, Mortgagor ahall execute and deliver a supplemental note or notes i
<br />� for the sum or sams advanced by Mortgagee for the alteration, modernization, or improvement made at t
<br />; ' the Mortgagor's request ; or for maintenance of said premises, or for taxes or assessments againat 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 ss if the advance evidenced thereby K�ere included in the note first
<br />; described abave. Said supplernental note or notes shall bear interest at the rate pi•ovided 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 Mortgagee 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 �lemand by the MortE,ragee. In no
<br /> event shall the rnaturity extend beyond the ultimate maturity of the note first described above.
<br /> H. He hereby assigns, transfers and sets over to the Mortgagee, to be appiied toward the payment of
<br /> the note and aII 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 mox•t-
<br /> gaged premises during such time as the mortgage indebtedness shall remain unpaid ; and the Mortgagee ;
<br /> shall have po�ver to appoint any agent or agents it may desire for the purpose of renting the same and c�]- ;
<br /> lecting the rents, revenues and income, and it may pay out of said incomes all necessary commissions and ;.
<br /> expenses incurred in x•enting and managing the same and of collecting rentals thei•efn•om ; the balance i
<br /> remaining, if any, to be applied to�vard the discharge of said mortgage indebtedness. t
<br /> 9. He will continuously maintain hazard insurance, of such type or types and amounts as Mortgagee t
<br /> may from time to time i•eq��ire, on the improvements now or hereafter on said prexnises and except ���hen �
<br /> payment for all such premiums has theretofore been made under (a ) of paragraph 2 hereof, w•ill pay `
<br /> promptly �vhen due any premiums therefor. Upon default thereof, Mortgagee may pay the same. All t"
<br /> insurance shall be carried in companies approved by the Mortgagee arid the policies at�d rene�sals thereof
<br /> shall be held by the Mortgagee and have attached thereto loss payab]e clauses in favor of and in form ?
<br /> acceptable to the 1�Sortgagee. In event of loss Mortgagor will give immeaiate notice by mail to the Mort- �
<br /> gagee, who may make proof of loss if not made promptly by Mortgagor, and each insu :•ance company con-
<br /> cerned is hereby authorized and directed to make payxnent for such loss directly to the Mortgagee instead �
<br /> of to the Mortgagar and the Mortgagee jointly, and the insurance proceeds, or any part thereof, '
<br /> may be applied by ttie MoY•tgagee at its option either to the re�3uction of the indebtedness hex•ebp secured �
<br /> or to the restoration or repair of theproperty damaged. In event vf foreclosur•e of this mortgage, or other �
<br /> transfer of title to the mortgaged property in extinguisliment of the indebtedness secured hereby, all
<br /> right, title ancl inten•est of tlie D'Iortgagor in and to any insurance policies then in Porce shalt pass to ttie s
<br /> purchaser ar grantee. ;
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<br /> 10. As additional and collateral security for the payment of the note desci•ibed, and all sums to become '
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<br /> dne under this moi�tgnge, the Mortgagor hereby assigns to the Mortgagee all lease bonuses, profits, reve- t{
<br /> nues, royalties, t•ights, and other benefits accruing to the Mortgagor under any and all oil and gas leases '
<br /> now, or during the life of this mortgage, executed on said pi•emises, �vith the right to receive and receipt _!
<br /> for the same and apply them to said indebtedness as w•ell before as after default in the conditions of this �
<br /> mortgage, and the Mw-tgagee may demand, sue for and recover any such payments �ti�hen due and pay- r
<br /> able, but shall not be requii•ed so to do. This Assignment is to terminate and become null and void upon
<br /> release of this mortgage.
<br /> 11. He shall not commit or permit waste ; and shall maintain the property in as good condition as at j
<br /> present, reasonable «•ear and tear excepted. Upon any failure to so maintain, Mortgagee, at its option, `
<br /> may cause reasonable maintenance work to be performed at the cost of Mortgagoi•. Any amounts paid j
<br /> therefor by Mortgagee shall bear interest at the rate provided for in the principal indebtedness, shail �
<br /> thereupon become a part of the indebtedness secured by this instrument, ratably and on a parity �vith all �
<br /> other indebtedness secured hereby, and shall be paysble thirty (30) days after demand.
<br /> 12. If the premises, or any part thereof, be condemned under the po���er of eminent domain, or �
<br /> acquired for a public use, the damages awarded, the proceeds for the taking of, or the consideration for
<br /> such acquisition, to the extent of the full amount of the remaining unpaid indebtedness secui•ed by this �
<br /> mortgage, or hereby assigned to the Mortgagee, and shali be paid forths�•ith to said Mortgagee, to be
<br /> applied on account of the last maturing installments of such indebtedness.
<br /> 13. If the biortgagor fails to make any payments when due, or to conform to and comply �vith any •
<br /> of the conditions or agreements contained in this mortgage, or the notes �vhich it secures, then the i
<br /> entire principal sum and accrued interest shall at once become due and payable, at the election of the
<br /> Mortgagee ; and this mortgage may thereupon be foreclosed immediately for the �vhoie 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 tirne of commencing such suit, a ressonabte attorney's fee, and any sums paid by the Veterans
<br /> Administration on account of the gvaranty or insurance of the indebtedness secured hereby, a31 of which
<br /> shall be included in the decree of foreelosure. �
<br /> 14. If the indebtedness secured hereb be � `� � "
<br /> y guaranteed or insured under Titie 38, United States Code, , .
<br /> snck Title and Regulatioris isaued thereunder and in effect on the date hereof shall govern the rights, duties : , ,'�' `�
<br /> and'lisbilities of the: partiea hereto> and any. provisions of this or other instruments executed in connection � �`, '� '
<br /> wittc <said indebtedneas which are inoonsistent with said Title br Regulations are hereby amended to �� r'
<br /> conform thereto. ,
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<br /> �he covenants herein contaiaed shalT bind, and the benefrts and advantages shal] inure to, the . -, : ,. ,;. ,
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