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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,mad'e 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 principal indebtedness:
<br />7. Upon request of the Mortgaged, Mortgagor shall execute -and deliver a suppleinental.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 6rnotes 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- foi,. in the prin-
<br />cipal indebtedness and shall be payable iii'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 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 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'mort-
<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 Dlortgagee 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 Mortgagee instead
<br />of to theMortgagor 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 extinguishinent of the indebtedness secured hereby, all
<br />right, title and interest of the Mortgagor in and to any 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 ilIortgagee 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 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
<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, shall
<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 Mortgagor fails to make any payments wlien 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 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 any 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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