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0107'47
<br />6. If he fails to pay any sum or keep a� ny comenant provided
<br />its option, may pay or perform the same, and all expenditures so n
<br />owing oil the above note, sliall be secured iiereb�, and shall. bear
<br />for in the principal indebtedness.
<br />7. Upon request of tlib Mortgagee, Mortgagor sliall execute
<br />for the sum or. sums advanced by Mortgagee for tlie,alteration,:
<br />the Mortgagor's request;,or for maintenance of said premises,
<br />same, and for any other purpose elsewhere� authorized hereund(
<br />hereby on a parity with and as fully as if the advance evidenced
<br />described above. Said sul�plemeiital note or notes sliall bear intei
<br />cipal indebtedness and shall be payable in approximately equal n,
<br />be agreed upon by the Moi.,tgagee and Mortgagor. Failing to agn
<br />or sums so advanced sliall"be due and payable thirty (30) days
<br />5 ktend beyond the' ultimate maturity of
<br />event sliall the inaturity e..
<br />8. He hereby assigns�, transfers and sets over to the Mortga
<br />the note and.all sums secured hereby in case� of a default in the pei
<br />tions of this mortgage or;tlie said note, all ;the rents,'revenues ai
<br />gaged premises during su * ch time as the mortgage indebtedness
<br />sliall have power to appoint any agent or agents it may desire for
<br />lecting the rents, revenue$ and income, and it inay pay out of saii
<br />expenses incurred in renting and managhlig the same and of c(
<br />remaining, if any, to be applied toward the discharge of said mori
<br />9. He will colitilluously maintain haz �ard insurance, of such
<br />mly f rom time to time requ ire, oil the improvements now or her,
<br />payinent*for all such preiiiiiinis has theretofore beqn made uii�
<br />promptly when due any premiums tlierefor.�, Upon default there(
<br />insurance sliall be carried:in companies approved by the kfortga�
<br />sliall be held by the 11,lortgagee and have'atf,aclied ther'eto loss pa
<br />acceptable to the Mortga�ee. In event of loss Mortgagor will gi
<br />gagee, who may inake proof of loss if not made promptly by Mort
<br />cerned is hereby authorized and directed to' make pa�;ment for su
<br />of to the Mortgagor and the AMortgageel jointly, 1nd the his
<br />may be applied by the Mortgagee at its option either to the redu(
<br />or to the restoration or repair of the property damaged. In event
<br />transfer of title to the mortgaged propertk in extinguishment c
<br />right, title and interest oi the Mortgagor Jii and to 'any insuran
<br />purchaser or grantee.
<br />10. . As additional anO collateral security for the payment of t
<br />due under this mortgage, the Mortgagor liel. , -ebyassigns to the M,
<br />nues, royalties, rights, an�l other benefits ac�cruing to':tlie Mortga
<br />now, or during the life of this mortgage, executed on said prenii
<br />for the same and apply them to said indebtedness as well before
<br />mortgage, and the klortgagee may demand, sue for and recover
<br />able, but sliall not be required so to do. 7iiis assignment is to t(
<br />release of this mortgage.
<br />11. He sliall not commit or permit wa�te; and sl.iall mailitai
<br />-and tear excepted. Upon any failure
<br />�reseiit, reasonable wear
<br />may cause reasonable maintenance work to be performed at the
<br />til'orefor by Mortgagee sliall bear interestlat the rate provided
<br />thereupon become a part:of the iiidebtedii6ss secured by this ins
<br />other indebtedness secur&I hereby, and sliall be payable thirty (1,
<br />12. If the premises,'or any part therelof, be condemned ui-
<br />acquired for a public use;, the damages aw�arded, tli6 proceeds f,
<br />such adqUisition, to the extent of the full Aniount of itlie remain
<br />mortgage, or hereby assigned to the Moftgagee, and sliall be
<br />applied oil account of the last maturing installments of such im
<br />13. If the 111ortgagori fails to make any payinei . its when du
<br />of the conditions or agr6ements contained in this mortgage, o
<br />entire principal suni and., accrued interest �sliall at once become;
<br />klortgagee; and this mortgage may thereupon be foreclosed imr
<br />liess hereby secured, including the cost of extending the abstr.
<br />gage to the time of con-inlencing such suit, a! reasonable attorney's
<br />Administration oil account of the guarant� or insura�iicc of the i
<br />shall be included in the decree of foreclosure.
<br />14. If the ifidebtedness secured hereby be guaranteed or ins
<br />such Title and Regulations issued thereunder and in effect oil tile
<br />and liabilities of the part�ies hereto, and any provisioi�s of this or
<br />y
<br />with saia indebtedness Niviiieli are inconsistent with said Title
<br />conform thereto. -
<br />The covenants herein contained shall bind, and the ben(
<br />)r in this mort age, the Moftgagee, at
<br />de shall be;ad , ded to the principal sum
<br />ifer,est, until p id at the ratepro'vided
<br />d deliver a�;supplemental noteor notes
<br />)dernization, r improvement made at
<br />for taxes �or
<br />lissessmeiits.z akainst the
<br />Said note o�, notes shall be -secured
<br />ereby were iii1cluded in the: note first
<br />;t at the ra I t . e 111rovided for:iii the prin-
<br />Wily payillent�'f 'or such periodas may
<br />.on the maiiii-Ay, the whole of the sum
<br />;er demand by the Mortgag:.eq. In no
<br />ie note first described above*.
<br />�e, to be applic toward the payment of
<br />irin ' ance of an� of the terms �in.d condi-
<br />income to be derived froiu�: the mort-
<br />all remahiluill aid; and the Mortgagee
<br />ie 'urpos ntingthesanieandcol-
<br />p e of i
<br />ncomes alilnecessary commissions and
<br />ecting rentals therefrom; flie'balance
<br />,ige indebte! diiess.
<br />,pe or types amounts as Mortgagee
<br />fter oil sai(,l pi emises and e.xdeljt when
<br />(a) of I a a -raph 2 hereof, will pay
<br />M I ortgagdc'i�. ay- pay the' �'aiiie. All
<br />and the pblicles and renewals' thereof
<br />.ble': clallse� i favor of aii!d �iii form
<br />iilunediat6 ii ice by mail,t6 the Mort-
<br />tg,91", and each. insurance company con -
<br />L los's directly to the Mortgageoinstead
<br />-ance proceed,,, or any pait i thereof,
<br />on of the inde)tedness hereby secured
<br />foreclosui!e of tli is mortgage,. or other
<br />thd indebtedi�ess secured hereby, all
<br />policies then 11 force shall pass to tile
<br />note desciLd" I andall sums to become
<br />tgagee a] e bonuses, pi-pfits, reve-
<br />r under illy nd all oil an&: gas leases
<br />lit to receive.'Ali'd-receipt
<br />,sy Ivith the 1-io
<br />after def", e conditi I oiis. of this
<br />Ily such P.� i N when du'.6 and pay'-
<br />ninate and�ui .10,11tilse null andl void upon
<br />tlie,propertyi' as good condition asat
<br />so maintain, Mortgagee, at! its. option,
<br />)st of Moriglor. Any am. I ounts paid
<br />ir in the prin lipal indebtedness, sliall
<br />ument, ratabb and oil a parity with all
<br />days aft eir ( cinand.
<br />2r the pmi I er of eininent domain, or
<br />c d: ration for
<br />tile' taking of, or the considb
<br />unpaid inde tedness secured.�by, this
<br />.ld forthwith -lo said Mort gee, to be
<br />1 0:.
<br />btedness-
<br />or to co"nfolrill to and conip] I Y I �Yith ally
<br />the' notes ki,li": ch it secures, 'then the
<br />ie and pa3;abl at the election of the
<br />diately fol- th whole of tli6 indebted -
<br />of title f i -only the date of this mort-
<br />�e, ,ind an�, supis paid by ti-r.e Veterans
<br />lebtedness �sect.lred hereby, . all -of which
<br />ed- under Tit] .38, United States Code,
<br />te hereof sli I iall go,,,ern the riki . its, duties
<br />lier instruments executed in'coniiection
<br />r Regulati.6lis'lare hereby im,ended. to
<br />;s and advant ges sliall illu're. to, the
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