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6. If he Pay fails to . a an sum or keep any covenant provided for in this mortgage, .the Mortgagee, at
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<br />its option, may pay or perform the same, and all expenditures so made, shall. be added'to the prmcipal'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 principal 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 />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 included in the note first
<br />described'above. Said supplemental note or notes 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 periodas 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 clue and payable thirty (30) days after demand by the Mortgagee. Inno
<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 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:condi-
<br />tions of this mortgage or the said note, all the rents, revenues and income to be derived from the mord
<br />gaged premises during such time as the. mortgage indebtedness shall remain unpaid; and the Mortgagee
<br />shall 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 toward 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.when
<br />payment for all such premiums has theretofore been made under (a) of paragraph 2 hereof, will pay
<br />promptly when -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 1Iortgagee 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 matte 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 Mortgagee instead
<br />of to the Mortgagor and the Mortgagee jointly, and the insurance proceeds, or 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, all
<br />right, title and interestof the Mortgagor in and toany insurance policies then in force shall pass to the
<br />purchaser or grantee.
<br />10. As additional and collateral security for the payment of the note described, and all sums to become
<br />clue under this mortgage, 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 />now, or during the life of this mortgage, executed 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, but shall not be required so to do. This assignment is to terminate and become mill 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
<br />present, reasonable wear' 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, sfiall
<br />thereupon become a part of the indebtedness secured by this instrument, ratably and on a parity 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 />such acquisition, to the extent of the full amount of the remaining unpaid indebtedness secured by,this
<br />mortgage, or hereby assigned to the Mortgagee, and shall be paid forthwith to said Mortgagee, to be
<br />applied on account of the last maturing. installments of such indebtedness.
<br />13. If the ATortgagor, fails to make any payments when due, onto 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 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 whole 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 ally sums paid by the Veterans
<br />Administration 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 indebtedness secured hereby be guaranteed 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
<br />and liabilities of the parties hereto, and any provisions of this or other instruments executed in connection
<br />with said indebtedness which are inconsistent with said' Title or Regulations are hereby amended to
<br />conform thereto.
<br />The covenants -Herein contained shall bind, and the - benefits and: advantages shall inure to, the.
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