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<br />6. If lie fails to pay lily sum or keep any covenant provided for in this mortgage, the Mortgagee, at
<br />its option, may pay or perform the same, and all expenditures so made sliall be added to the principal sum
<br />owing oil tile above note, sliall be secured hereby, and sliall bear interest until paid at the rate provided
<br />for ill the principal indebtedness.
<br />. 7. bpon request of the Mortgagee,. Mortgagor sliall execute and deliver a supplemental note or notes
<br />for the sum'or sunis 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 otli& 'purpose elsewhere authorized liere'under. Said note or notes sliall 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 ab6ve. Said supplemental note or notes sliall bear interest at the rate provided for in the prin-
<br />cipal indebteilness and sliall be payable in approximately equal montlily 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 sunis so "�dvaiiced sliall be due and payable thirty' (30) days after demand by the Mortgagee. In no
<br />event sliall ..tile maturity extend beyond the ultimate maturity of the note first described above.
<br />8. 110. hereby ' assigns, transfers and sets over to the Mortgagee, to be applied toward the payment of
<br />the note and all sunis secured hereby in case of a default in the performance of any of tile terms and condi-
<br />tioiis of this mortgage or the said note, all tile rents, revenues and income to be derived f rom the mort-
<br />gaged -premises during such time as t - lie mortgage indebtedness;sliall remain unpaid; and the TMortgagee
<br />sliall have power to appointany agent or agents it may desire for i -lie 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 />in,
<br />expenses incurred in renting and an -aging the same and of collecting rentals therefrom; the balance
<br />remaining, if any, to be applied toward the discharge of said mortgaige indebtedness.
<br />- 9. He will continuously maintain hazard insurance, of such type or typesand aniountsas AMOrtgagee
<br />may from time to time require, oil the improvements now or hereafter oil said pleniises and except when
<br />payment for all such pronlitinis lias theretofore been made under (a) of paragraph 2 lier6of, will pay
<br />-promptly when due any premiums therefor. Upon default thereof, Mortgagee may pay the same. All
<br />insurance sliall be carried in companies approved by : the Mortgagee and the policies all(] renewals thereof
<br />shall be lield by the 11fortgagee and have attached thereto loss payable clauses ill favor of and in form
<br />acceptable- to the 11fortgagee. In event of loss Mortgagor will give immediate notice by mail to the INTort-
<br />gagee, who niay make proof of loss if not made promptly by IMortgagor, and each insurance compally con-
<br />cerned is hereby authorized and directed to make payment for sucl ' i I ' oss directl.�, to the Mortgagee instead
<br />of to the Ailortga.-or and the Mortgagee jointly, and the insurance procceds, or any part thereof,
<br />may be 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 01�`title to the mortgaged property in extinguiglini6ilt of the indebtedness secured hereby, all
<br />right, title and interest of the Mortgagor in and to any insurance policies then in force, sliall.pass to tile
<br />purchaser or grantee.
<br />10. As�additional and collateral se6urity for the payment of the note described, and all sunis to beconie
<br />due under this niortgag,-C, the 111ortgagor.liereby assigns to the 111ortgagee all lease bonuses, profits, reve-
<br />nues, royalties, rights, and other benefits-aceruing to the Mortgagor under any and all oil and gas ]cases
<br />now, or dti�ing tile life of this mortgage; executed oil said premises, with the right
<br />to receive and receipt
<br />for the same and apply theni to said indebtedness as well before is after default in the conditions of tilis
<br />mortgage, and the Mortgagee, may demand, site for and recover any such payments when (lite and p�-,.y-
<br />able, but shall not be required so to do..' This assignment is to terminate and beconne null and void upon
<br />release of this mortgage.
<br />11. He sliall not commit or permit waste; and sliall inaintain'the property in as good condition as at
<br />present, reasonable wear and tear excepted. Upon any failure to so maintain, 111ortgagee, at its option,
<br />in * iy cause. reason able maintenance work to be performed at the cost of Wfortgagor. Any amounts paid
<br />tilerefor by Mortgagee sliall bear interest it the rate provided for in tile principal indebtedne . ss, shall
<br />thereupon become a part of the indebtedness secured by this instrument, ratably and oil a parity with all
<br />Other indebt'edness secured hereby, and sliall be payable thirty (Q'30) (lays after demand.
<br />12. If tile premises, or aily part tl ' icreof, be condemned under the power of eniiiient domain, or
<br />acquired for a public use, tile damages awarded, tile proceeds for the Wking of,�or tile consideration for
<br />such acquisition, to the extent of the full amount of the remaining unpaid indebtedness sectille(*1 by this
<br />mortgage, or hereby assigned to the Mortgagee, and sliall be paid forthwith to said Mortgagee, to be
<br />applied oil account of the last maturing installments of such indebtedness.
<br />13. If the ' Mortgagor fails to make any payments when due, or to coliforni to and comply with any
<br />of the conditions or agreements contained in this'niortgage, or the notes which it secures, then tile
<br />entire principal sum and accrued interest sliall at once become *due and payable, at tile election Of tile
<br />.A,,fortgagee;-and this mortgage may thereupon be foreclosed immediately for the whole of the indeb*ted-
<br />ness hereby secured, including tile cost of extending the abstract of title from the datb of this Illol-t-
<br />gage to thelinie of coniniencingsuch suit, a reasonable attorney's fee, all(] any sunis paid by the Veterans
<br />Administration oil account of the guaranty or insurance of the indebtedness secured hereby, all of which
<br />sliall be hicitided in the decree of foreclosure.
<br />14. If ' ilie indebtedness secured hereby be guarantee(] or insured under Title 38, United States Code,
<br />such Title and Regulations issued thereunderand in eff'ect oil the (late here'of sliall govern tile 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 liereby amended to
<br />conform thbreto.
<br />The 6ovenants herein contained shall bind, and the benefits and advantages sliall inure to, the
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