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<br />6. If lie fails to pay any sum or keep any covenant provided f ti . s mortgage, the Mor'tgagee, at
<br />)I. In 11
<br />its option- ' may pay or perf6rm the same, 'and all e,-4)enditures so m��de s§liall be added -to the pringipAl sum
<br />owing oil the. above note, shall be secured hereby, . and shall bear intei I -est until paid at the ratet,�provided
<br />for in the principal indebtedness.
<br />7. Upon request of the -Mortgagee, Mortgagor shall execute aiid'dieliver a sup . plemental note' orniotes
<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, S I aid note or'notes shall be' 'secured
<br />hereby oil a parity with and as fully as if the advance evidenced tIrreby were included in the h'ote* first
<br />described above. Said supplemental note or notes shall bear intere, t.at the rate provided for in,the prin-
<br />cipal indebtedness and shall be payable in, approximately equ . al mo till I y payments for such period as may
<br />be agreed upon by tile Mortgagee and Mortgagor. Failing to agree oil the maturity, the whole of the sum
<br />or sun * is so advanced shall lie due and payable thirty (30) days after demand by.,'the Mortgage�;e.:' III no
<br />event shall the maturity extend beyond the ultimate maturity of tlie� note first described above.'
<br />8. He hereby assigns,. transfers and sets over to the Mortga
<br />9 e, to be applied toward the payment of
<br />tile note and all sums secured hereby in case of a default in the per rin,ince of any:of the terms a`nd condi-
<br />-tions of this mortgage or the said note, all the rents, revenues and hic'pille to be derived from tile mort-
<br />,gaged premises during such time as the ifiortgage indebtedness sh'all remain unli�,id; and the 11fortgagee
<br />shall have power to appoint any agent or agents it may desire for tl e purpose of renting �Jie sani , e;a'ild col-
<br />lecting the rents, revenues'and income, and it may pa�. out of said i 11' icolnes all necessary commis , sions and
<br />expenses incurred in renting and managing the samb and of coll 'etilig rentalsilierefroill; the. balance
<br />remaining, ifany, to be applied toward tli('. discharge ot said mortg ge indebtedness.
<br />9. He will continuousky maintain lia*zard insuraiice, of such t e 6 . r types and aniou nts as 11fortgagee
<br />.N, from. time to time reo(iire, oil the improvements now or hereal ter -on said pr'C"Inises and except when
<br />pavinent for all such prenihinis has theretofore been made under (a) of paragi-apli 2 liereofi� will pay
<br />promptly when due any premiums therefor. Upon default thereof, Mortgagee: may pay the s-Anie. All
<br />insurance shall be carried i!lll companies .1
<br />pproved by the Mortgagee and the polici , es and renewa.11s'thereof
<br />shall be held by the 11fortgagee and have attached thereto loss payal le ' clauses ill* favor of and in form
<br />acceptable to the Mortgagee. In event of loss 1),fortgagor will give ininediate notice by mail tothe Mort-
<br />gagoe, who may make proof of loss -if not.made promptly by Mortga�,,*or;and each insurance conip.ally coll-
<br />corned is hereby authorized and directed to miake payment for.such loss' direct] .1
<br />y t6 the Wfortg g6e instead
<br />of to the 11fortgagor and:: the 111ortgagee jointly, and the insurance . proceeds, or any part thereof,
<br />may be applied by the Mor�gagee at its option either tb the reductio�i of the indebtedness hereby secured
<br />or to the restoration or repair of the property damaged. III event of ore'clostive of, th is mortgagd oi- other
<br />l .1 .
<br />transfer of' title to the mortgaged property ill extinguishment of the indebtedness secured hereby, all
<br />right, title and interest of:tlic Mortgagor in -and to any insurance Polic�ies then in force shall pass to tile
<br />purchaser or grantee.
<br />10. As additional and collateral security for the payment of the iiote described, and all sumsto become
<br />due under this mortgage, tile Mortgagor hereby asgigns� to the Mort1r,1g6e .111 lease bonuses, pi-O'fits, reve-
<br />nues, royalties, rights, and-�:Otlier benefits accruing to the Mortgagor 11W,ler any and all oil and gas leases
<br />now, or during tile life of this mortgage,'executed on premises with the right to receive ali(I receipt
<br />for the same and app13, them to said indebtedness as well before as . fter default in the couditions of this .
<br />mortgage, and the Mortgag:ee may demand, sue for and recover all r -I
<br />Such payments when due' and pay-
<br />able, but sliall not be requh-ed so to do. This assignment is to ternl�hate and beconne null and void upon
<br />release of this mortgage.
<br />11. He shall not commit or permit Nvaste; and sh.111 maintain tile pr'operty in as good condi I tion as at
<br />present, reasonable wear and tear excepted. Upon any failure to so maintain, Mortgagee, at its O"ption,
<br />..may cause reasonable maiiAenance work to be performed at tile cost of Mortgagqr. Ally amounts. paid
<br />therefor by' Mortgagee shall bear interest at the rate' provided for in the principal indebtediiess, shall
<br />thereupon become a part of the indebtedness secured by this instrul tient, rdtably and oil a parity with ail
<br />other indebtedness secured,licreby, and shall be payable thirty 30) days after deniand;
<br />12.- If tile premises, or any part thereof, be condemned under the power of eminent domain, or
<br />acquired for a public use, �11ie damages awarded, the proceeds for t ie ta'king of, or the consideration for
<br />such acquisition, to the ext�eint of the full amount of the remaining inpaid indebtedness secui-6-d by this
<br />.mortgage, or hereby assigned to the Mortgagee, and' shall be pai(I foil-thwith to said llfortgagee,.to be
<br />applied oil account of tile last maturing installments of such indebtedness.
<br />13. If tile Mortgagor fails to make any payments when due, 01 to!cOliforni.to and colllply�� with any
<br />of the conditions or agreements conta'ined in this mortgage, or the il�otes ,N,JliclI it secures,' then the
<br />entire principal. sum and accrued interest shall at once become due and payable, at the clecti'oii 'of the
<br />Mortgagee; and this mortgage may thereupon be foreclosed iminedi tely for tile whole of the,ilidebted-
<br />ness hereby secured, i"clUding tile 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 .1113, sunis paid by tile, Vetcran�
<br />Administration Oil account of the guaranty or insurance of the indel, tedness secured hereby, a 11' Of:wlIicll
<br />-shall be included in the decree of foreclosure'.
<br />14. If the indebtedncs� secured hereby be guaranteed or insure under Title 38, United Sta'tes Code,
<br />such Titleand Regulations'issued thereunderand in effect oil tile! da�'te liere;of shall govern therights, duties
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<br />and liabilities of the parties hereto, and any provision§ of this or dthe,11 instruments executed in colille*ction
<br />.,witli said 'indebtedness wh.ich 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 in't ; 1 .1 I -e to, tile
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