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<br />6. If heAhe fails to pay any suer or keel, any covenant provided for in this mortgage. the 141orliwFee, at
<br />its option may pay or perform the same. and all expenditures so made shall be added to the principal sum awing
<br />on ttk above note, shall be secured hereby, and st►,all bear interest until paid at the rate provided for in the prin-
<br />cipal indebtedness.
<br />7. Upon request of the Mortgagee, Mortgagev shall execute and deliver a supplemental note or notes for
<br />1 the stun or sums advanced by Mortgagee for the a tcration, modernization, or improvement made at the Mort-
<br />gagor's request; or for maintenance of said prernhies. or for taxes or assessments against the same, and for any
<br />other purpose elsewhere authorized hereunder. tiaid note or notes shall be secured hereby on a parity with and
<br />as fully as if the advance evidenced thereby were Included in the note first described above. Said supplemental
<br />note or notes shall bear interest at the rate provided for in the principal indebtedness and shall be payable in
<br />approximately equal monthly payments for such period as may be agreed upon by the Mortgagee and Mortgagor.
<br />Failing to agree on the maturity, the whole of the. sum or sums so advanced shall be due and payable thirty (30)
<br />days after demand by the Mortgagee. In no evens shall the maturity extend beyond the ultimate maturity of the
<br />note first described above.
<br />8. He /she hereby assigns, transfers and setts over to the Mortgagee, to be applied toward 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 conditions
<br />of this mortgage or the said note, all the rents, revenues and income to be derived from the mortgaged premises
<br />during such time as the mortgage indebtedness shall remain unpaid; and the Mortgagee shall have power to ap-
<br />point any agent or agents a may desire for the purpose of renting the same and collecting the rents, revenues
<br />and income, and it may pay out of said incomes all necessary commissions and expenses incurred in renting and
<br />managing the same and of collecting rentals tbarefrom; the balance remaining, if any, to be applied toward the
<br />discharge of said mortgage indebtedness.
<br />9. He /she will continuously maintain hazard insurance, of such type or types and amounts as Mortgagee
<br />may from time to time require, on the improvatnents now or hereafter on said premises and except when pay-
<br />ment for all such premiums has theretofore beer, made under (a) of paragraph 2 hereof, will pay promptly when
<br />due any premiums therefor. Upon default thertof, Mortgagee may pay the same. All insurance shall be carried
<br />in companies approved by the Mortgagee and the policies and renewals thereof shall be held by the Mortgagee
<br />and have attached thereto loss payable clauses in favor of and in form acceptable to the Mortgagee. In event
<br />of loss Mortgagor will give immediate notice by, mail to the Mortgagee, who may make proof of loss if not made
<br />promptly by Mortgagor, and each insurance company concerned is hereby authorized and directed to make pay-
<br />ment for such loss directly to the Mortgagee instead of to the Mortgagor and the Mortgagee jointly, and the
<br />insurance proceeds, or any part - thereof mazy be applied by the Mortgagee at its option either to the reduction
<br />of the indebtedness hereby secured or to the restioration or repair of then rnnerty damaaeA in !'�E „t of ;e;:el�rsre
<br />of this*thortgage, or other transfer of title to the mortgaged property in extinguishment of the indebtedness secured
<br />hereb*- all right, title and interest of the Mortgagor in and to any insurance policies then in force shall pass
<br />to the-purchaser or grantee.
<br />10. As additional and collateral 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, revenues,
<br />royalties, rights, and gther benefits accruing to the Mortgagor under any and all oil and gas leases now, or dur-
<br />ing the life of,t�. iter4age, executed on, said premises, with the right to receive and receipt for the same and
<br />apply th fix to said hbdebtedness as well. before as after default in the conditions of this mortgage, and the Mort-
<br />gagee may detirand, ne for and recover any such payments when due and payable, but shall not be required
<br />so to do. This assipment is to terminate and become null and void upon release of this mortgage..
<br />11; He /she sli& not commit or permit waste; aced shall maintain the property in' as good cond;tion,:as at
<br />present.. reasonable gear and tear excepted; upon any failure to so maintain, Mortgageg, at its option, may"cause
<br />reasonable, rkainteranae %i7drk co be perfoimed at the cost of Mortgagor. Any amounnts paid therefor by Mort-
<br />gagee shall- bear inteeese at the rate provided for in the principal indebtedness, shall thereupon become a part
<br />of the ia0lebtednesss secured by this instrument, ratably and on a parity with all other indebtedness secured hereby,
<br />and shaIR be payable thirty (30) days after demand.
<br />12: If the premises, or any part thereof, be coodenihed under the power of eminent domain, or acquired
<br />for a public use, the damages awarded, the proceeds for the taking of, or the consideration for such acquisition,
<br />to the extent of the full amount of the remaining unpai 4 indebtedness secured by this mortgage, or hereby assign-
<br />ed to the Mortgagee, and shall be paid forthwith to said Mortgagee. to be applied an account of the last maturing
<br />installments of such indebtedness.
<br />E3. If the Mortgagor fails to make any.pagmaents when due, oT to conform to and. "comply with any of the
<br />condid6ns or agreements contained in this mortgage, or the notes which it secures, theft the entire principal sum
<br />and accrcred interest shall at once become due and payable, at the election of the Mortgagee; and this mortgage
<br />may dit eapon be foreclosed immediately for the-whole of the indebtedness hereby secured, including the cost
<br />of extendfrtg the abstract of title from the date of this mortgage to the time of commencing such suit, a reasonable
<br />attorney's fee, and any sums paid by the Veterans Administration on account of the guaranty or insurance of
<br />the indebtedness secured hereby, all of which shall be included in the decree of foreclosure.
<br />14. If the indebtedness secured hereby be guaranteed or insured under Title 38, United States Code, such
<br />Title and Regulations issued thereunder and in effect on the date hereof shall govern the rights, duties and liabilities
<br />of the parties hereto, and any provisions of this or other instruments executed in':onneetian with said indebtedness
<br />which are inconsistent with said Title or Regulations are hereby amended to' conform thereto.
<br />The covenants herein contained shall bind, and the benefits and advantages shall inure to, the respective
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