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<br />009?90
<br />6. If lie,fails to pay any sum or keep any covenant provided fo r 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; sliall 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 of 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 assessmentsm against the
<br />same, and for any other purpose elsewhere authorized hereunder: Said dote or notes shall be;secured
<br />hereby on a parity Nvith 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 anil shall be payable in approximately equal niontlily payments for such period as may
<br />be agreed upon by the Mortgagee and Mortgagor. Failing to agree oil 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:. In no
<br />event sliall the maturity extend beyond the ultimate maturity of the;note first described above.
<br />8. He hereby assigns, transfers and:sets over to the Dlortgagee„ to be applied toward the payinent of
<br />the note and all sums secured Hereby in ease of a default in the perfornralice'.of any of the terms and condi-
<br />the
<br />of this mortgage or'.tale said note; all the rents;. revenues and income to be derived from the mort-
<br />gaged premises during such tilde as the mortgage indebtedness shall remain unpaid; and the Mortgagee
<br />shall have power to appoint ally agent or agents it relay desire for the p�urpo,se ofirenting the satire and col-
<br />lecting the rents, revenue's and income,, anti' it may pay out of said incomes all ;necessary.commissions and
<br />expenses incurred in renting and managing the same and of collecting Dentals therefrom, tlie`balance
<br />remaining, if any, to be applied toward the discharge of said mortgage;. inclebteclness.
<br />9. He will continuously maintain hazard insurance, of such type'or types and amounts as Mortgagee
<br />may from time to time retlluire, On the improvements now or hereafter• on said pi•eniises and except when '
<br />paymeiit for all such premiums has theretofore been made under (a) of pala'raph 2 hereof,•«ill pay
<br />promptly when clue 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 tliei•eto loss payable clauses in favor -of 'acrd .in form
<br />acceptable to the Mortgagce. In event'of loss Mortgagor will give ininiediate notice by niail.to:tlie Mort-
<br />gagee., who may make proof of loss if not made promptly by Mortgagor, and each insurance company con-
<br />9
<br />is hereby authorized and directed to make payment for such loss directly to the l,Iortgagee-ilistead
<br />of to the lIortgagor and the i1'Iortgag6e jointly, , anti the ilisuranee proceeds, or any liart thereof,
<br />may be applied by the Mortgagee at its option either to the reduction'bf the ind6btediiess liereby'secured
<br />or to the restoration -or repair of the property damaged. In event of. foi•eclosure.of this niortgage,,or other
<br />transfer of title to the mortgaged property in extinguishment of. the indebtedness secured hereby, all
<br />right, title and interest sof the Mortgagor, in and to any Insuurance.policies their in force shall liass to the
<br />purchaser or grantee. j
<br />10. As additional anid collateral security for the'paylnent of the -ii ote desci ib'ed, and all sinus to become
<br />clue nutter this mortgage; fire Mortgagor hereby assigns to the lIortgagee all lease bonuses, profits, reve-
<br />nues, royalties, rights, and other benefits accruing to the Mortgagor ruiner; any'.and all oil and -gas leases
<br />now, or during the life of this mortgage, executed oil said premises,;ivith 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 lIortgagee may demand, sue for and recover any, sued payments when dile and pay-
<br />able, but shall not be req';'aired so to do.' This assignment is.to terminate and become null and. void upon
<br />release of this mortgage;
<br />11. He sliall not col lmit of permit `waste; incl shall niaintailr'theipropel ty, In as g00c1 condition as at
<br />present, reasonable Nvear; and tear excepted. Upoii any failure to so maintain" Mortgagee, at: its option,
<br />may cause reasonable maintenance wort: to be performed at the cost of Mortgagor. Aliy•alnoulits .paid
<br />therefor by•Mortgagee shall bear interest at the rate provided for 'in the principal indebtedness, shall
<br />.thereupon Become a para of the indebtedness secured by this instrument, ratably and on a parity Nvith all
<br />other indebtedness secured hereby, and shall be payable thirty (30) days after ,deniaiid. -
<br />12. If the premises;or any part thereof, be condemned under; the power of eminent ;domain, or
<br />acquired for a public usp, the damages .awarded, the proceeds for "tlie taking of, or the consideration for
<br />such acgilisition, to the extent of the full amount of the remaining uhpaid indebtedness sec'uYed'by this
<br />mortgage, or Hereby assigned to the Mortgagee, and shall be paid, fortliNvith'to said Mortgagee, to be
<br />applied on account of th'e last maturing installments of such indelitedhress.
<br />13. If tile, Mortgagor fails to make any payments when clue, or conform to and comply* )5vitll any
<br />of the coIlditions or agreements contained in this':` mortgage, or the notes wiiieh it secures, then the
<br />entire principal sum and accrued interest shall at once become due iand payable, at the election of the .
<br />lIortgagee; anti this mortgage may thereupon be foreclosed immediately for the whole of tlre.iiidebted-
<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 colliniencing such suit, a reasonable attorney's fee, and any' Isilms paid by the Veterans
<br />Administration Oil accorint, of the guaranty or insurance of the indebtedness secured hereby, All'of which
<br />• shall be included in the decree of foreclosure.
<br />14. Ifthe indebtedness secured lier.bby be guaranteed orinsured sunder Title 38, United States Code,
<br />such Title and Reguulatioiis issued thereunder and in effect on the elate liereof shall govern the rights, duties
<br />and liabilities of the parties hereto, and any provisions of this or Otiei• instruriierits executed iii:conliection
<br />with said Indebted ness:'which are inconsistent with said Title' or Regulations are liereby',amended to
<br />conform thereto.
<br />The covenants hel;ein contained shall bind, and the benefits ::and advantages, shall inure to, the
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