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<br />6. If he fails to- pay any sum or keep. any covenant provided for in this mortgage, the Mortgagee, at.
<br />its option, in pay or perform the same,•and all expenditures 'so made shall be added to the principal sum
<br />owing oil the above note, shall be secur; d hereby, and shall bear interest until Haid at the rate provided
<br />for in the principal indebtedness.
<br />J. poli'request of the ZVlortgagee,'Mortgagor shall execute and deliver a suliplemental note or notes
<br />for U16,sum,or sums advanced by Mortgagee for the'alteratioll, modernization, or illlpioveinent made at
<br />the Mortgagor's request; or for maintenance of said premises, or for taxes. or assessments' against the
<br />sewhere authorized hereunder. Said note or notes s11all•be secured
<br />same, and for any other purpose el
<br />hereby oil 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 period as may
<br />be agreed upon by the Mortgagee and Mortgagor. Failing to agree oll the maturity, the wllole'of the sum
<br />or sums so advanced shall be due -and payable thirty (30) days after demand by .the Mortgatee. In no
<br />event shall the maturity extend beyond the ultimate maturity of Ilse note first described above.
<br />8. I -Ie hereby assigns, transfers and sets over totlle 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 />tile
<br />of thismortgage or the.said note, all the rents, revenues and.'ineolne to be derived from the mort-
<br />gaged premises during such time as the- mortgage indebtednessshall 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,. prod it may pay out of said 'incomes all necessary cominissions 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 :lihzard insurance, of such type or types and amounts, s Mortgagee
<br />illay from tilile to time require, on the improvements now or lleroafter 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 NvIien due any premiums therefor. Upon default thereof,.` Mortgagee may pay the -same. All
<br />insurance Sliall be carried In companies approved by the Mortgag-ee„'and the policies and renewals thereof
<br />shall be held, by the Mortgagee and have'attached thereto loss payable clauses in favor of and in form
<br />acceptable to the Mortgagee. In event•.6f.loss Mortgagor will give immediate notice by mail to the Mort-
<br />gagee, who'nlay make proof of loss if not made promptly by Mortgagor, and eacll:iiisur-lilce company con-
<br />cerned is llel'eby authorized and directed to make payment for such loss directly to the Mortgagee instead
<br />of to the Mortgagor incl the Mortgagee jointly, and the insurance proceeds, or any part thereof,
<br />maybe 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 etitinguislliment of the indebtedness secured hereby, all
<br />right, title and interest of tile Mortgagor in and to any insurance policies then in force shall pass to the
<br />purchaser br graIltee.
<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, reve-
<br />nues, royalties, rights, and other benefits accruing to the Mortgagor under any Gild all oil and gas leases
<br />now, or during the life of this mortgage, executed ori said premises, with the right to receiveland receipt
<br />for the saltie and apply them to said indebtedness as well before as after default in the conditions of this
<br />mortgage, hnd the Mortgagee may demand,.suefor and recover any such payments when clue 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 :tlie 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 tale 'cost of Mortgagor. Any amounts paid
<br />therefor by"Mortgagee shall bear interost at the rate provided.for in the principal indebtedliess, shall
<br />thereupon Become a part of the indebtedness secured by this instttiment, ratably and on a parity with -all
<br />other indebtedness secured hereby, and shall be payable thirty (30), Clays after demand.
<br />12. If "the premises, or any part thereof, be condemned under the power of eminent: domain, or
<br />acquired fora public use, the damages awarded, the proceeds fo it the taking of, -'or the consideration for
<br />such acquisition, to the extent of the fttll' 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 1Iortgagor fails to malce any payments when due; -or to conform t0 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.°clue 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 elate 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'tlie 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 elate 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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