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6. If he'fails to pay any sum or keep any covenant provided for iii 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 principal indebtedness.
<br />7. Upon request of Did 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 o� 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 rateprovided for in the prin-
<br />cipal indebtedness and shall be payable in approximately equal monthly payments for such peiiod as may
<br />be agreed upon by the Moiitgagee and Mortgagor. failing to agree.oii 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 an&iiicome;to be derived froin the mort-
<br />gaged premises during such time as the.mortgage indebtedness shall remain unpaid; and the'Mortgagee
<br />shall liave power to appoint any agent or agents itmay 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. I -ie will continuously maintain hazard insurance, of such type or types and amounts as.Mdrtgagee
<br />may from time to time relbuire, 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 clue any premiums therefor. Upon default thereof,- A!6rtgagee may pay the: same. All
<br />insurance shall be carriecf:in companies approved by ;the Mortgagee:anid the policies and reneWtals thereof
<br />shall be held by the Mortgagee and have attached thereto loss payableclauses in favor of and in form
<br />acceptable to the Mortgagee. In event of loss Mortgagor will give iminediate 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 />corned is hereby authorized and directed .to make payment for such loss directlyjto 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 eitlier:to the reduction of the indebtedness herebysecured
<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 thei 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. i
<br />10: As'additional and collateral security for the payment of tlic note described, and all suns to become
<br />due under this mortgage,i'the Mortgagor hereby assigns to the lIortgagee all lease bonuses, profits, neve-
<br />nues, royalties, rights, aril other benefits accruing to; the Mortgagor tinder any and all oil and gas leases
<br />now, or during the life of this mortgage, executed on said premises, �vitli 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 airy;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 sliall maintaitt-the property in as good condition as at
<br />present, reasonable wear and tear excepted. Upon• any failure to soiiilaintain, ,Mortgagee, at its. option,
<br />may cause ]•easonablo 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 iii 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) (lays after,.demand.-
<br />12.
<br />lemand.12. If the premises-: or any part thereof, be condemned under ;the pow Ior, of eminent domain, or
<br />acquired for a public use, the damages awarded, the proceeds for. tlie;taking of, or the consideration for
<br />such acquisition, to the extent of the full amount of the remaining iiIipaid indebtedness secured by this
<br />mortgage, or hereby assigned to the Mortgagee, ind shall be paid !forthwith`.ito said Mortgagee, to be
<br />applied on account of the last maturing installments of suclt.indebte'dness'.
<br />13. If the Mortgagor fails' to Blake any payments when due, or 'to conforii to and comply with any
<br />of the conditions or agreements contained in this 'mortgage, or' the notes «Nr icli it secures, 'then the
<br />entire principal sum and accrued interest shall at once become; due anti payable, at the election of the
<br />Mortgagee; and this mortgage may thereupon be foreclosed im. ately for the'Wholo'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 siims'paid by the; �Teterans
<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 />1,1. If file 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 (late 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 inu' a to, the
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