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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 />� owing on the above note, shall be secured hereby, and shall bear interest until paid at the rate provided
<br /> for in the prittcipal indebtedness.
<br /> 7. Upon request of the Mortgagee, Mortgagor shall execute and deliver a supplemental note or notes
<br /> for the sum or sums advanced by Mortgagee for the alteration, modernization, or improvement made at
<br /> i � 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 as if the advance evidenced thereby «•ere inclvded in the note firat -
<br />� described above. Said supplemental note or notea shall bear interest at the rate provided for in the prin-
<br />} cipal indebtedness and shall be payable in approximately equal monthly payments for such period as may
<br /> r 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 demand by the Mortgagee. In no
<br /> event shall the maturity extend beyond the ultimate maturity of the note first described above_
<br /> 8. He hereby assigns, transfers and sets over to the Mortgagee, 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, al] the rents, revenues and income to be derived from the mor�
<br /> gaged premises during such time as the mortgage indebtedness shall remain unpaid ; and the Mortgagee
<br /> shali have power to appoint any agent or agents it may desire for the purpose of renting the same and col-
<br /> lecting the rents, revenues and income, and it may pay out of said incomes all necessary commissions and
<br /> expenses incurred in renting 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 will continuously maintain hazard insurance, of such type or types and amounts as Mortgagee
<br /> may from time to time require, on the improvements now or hereafter on said premises and except �vhen ',
<br /> payment for all such premiums has theretofore been made Under (a) of paragraph 2 hereof, x•ill gay
<br /> promptly �vhen due any premiums therefor. Upon default thereof, Mortgagee may pay the same. All
<br /> insurance shall be carried 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 clauses 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, who may make proof of loss if not made promptly by Mortgagor, and each insurance company con- ;
<br /> cerned is hereby authorized and:directed to make payment for such loss directly to the biortgagee insteAd
<br /> of to the Mortgagor and the biortgagee jointly, and the insurance proceeds, or any part thereof, 3
<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, all
<br /> r,ight, title aand; interest of the bfortgugor in and to any insurance policies then in force shall pass to the
<br /> purchaser or grantee. , ,
<br /> 10. As additional and collaterai security for the payment of the note described, and all sums to become °
<br /> due under this mortgage, the Mortgagor hereby assigns to the Mortgagee all lease bonuses, profits, reve-
<br /> nues, royslties, rights, and other benefits accruing to the Mortgagor undcr any and all oil and gas leases
<br /> now, or during the life of this mortgage, execnted on said premises, with the right to receive and receipt �
<br /> for the same and apply them to said indebtedness as well before as after default in the conditions of this
<br /> mortgage, and the Mortgagee may demand, sue for and recover any such payments when due and pay-
<br /> able, bi�� §}iall not�lie"i'equir'�d s�o to dor This assignrrient '3s to teiminate and 8ecome null and void upon
<br /> relesse-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 «'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 Mortgagor_ Any amounts paid
<br /> therefor by Mortgagee shall bear interest at the rate provided for in the principal indebtedness, shall
<br /> thereupon become a part of the indebtedness secured by this instrument, ratably and on a purity with all :
<br /> other indebtedness secured hereby, and shall be payable thirty (30) days after demand.
<br /> 12. If the premises, or any part thereof, be condemned under the power of eminent domain, or
<br /> acquired for a public use, the damages awarded, the proceeds for the taking of, or the consideration for
<br /> sueh acquisition, to the extent of the fuli amount of the remaining unpaid indebtedness secured by this
<br /> mortgage, or hereby assigned to the Mortgagee, and shall be paid forth«�ith to said Mortgagee, to be
<br /> applied on account of the last maturing installments of such indebtedness.
<br /> 13. If the Mortgagor fails to make any payments when due, or to conform to and comply with any
<br /> of the conditions or agreements contained in this mortgage, or the notes which it secures, then the
<br /> entire principal sum and acerued interest shall at once: become' dtie and payable, at the election of the
<br /> Mortgagee ; and this mortgage may thereupon be foreclosed immediately for the whole of the indebted-
<br /> neas 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 auit, a reasonabte attorney's fee, and any sums paid by the Veterans h
<br /> Adminiatration on account of the guaranty or insurance of the indebtedness secured hereby, all of which ^� , :
<br /> shall be included in the decree of foreclosure. " •--
<br /> 14. If the indebtedneas secured hereb be` ' �
<br /> y guaranteed or 7iisar'ed under Title 38, United Sta.tes Code, w,,
<br /> such Title nnd Regnlations issued thereunder and in effect on the date hereof shall govern the rights, duties ".
<br /> ' apo liabilities of the parties hereto, and any provisions of this or other instruments executed in connection r '
<br /> with said indebtedness which are inconsistent with said Title or Regulations are hereby xmended to � ,' ,� �,�
<br /> confarm thereto. a. - -N : .
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<br /> The covenants herein contained shall bind, and the benefits and advantages shall inure to, the ' "
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