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9U- Au'Loury
<br />8. If ha/ahe fs�is to pspr say sum or keep any covenant provided for in. this mortgage, the Mortgagee, at .
<br />#a option, may pay or perform the atoms, and all_ expenditures mold shall be added to the ptihcipal sum
<br />owWg on. Me-above note, shall be ieoured hereby, and shall bear interest until paid at the rate provided
<br />1 = fbtriintheprincipal indebtedness.
<br />?- i7pM_reauest of .the Mortgagee, Yortgayor, shu11 execute and deliver a supplemental not e.or notes
<br />for the simr: or, sums a�rsacedT�y ottgagee or e a ton, -- -- — _ - -. --
<br />the MortgWes request; or for maintenance of said premises, or for, taxes or assessments against the
<br />< an». tad for any other purpose elsewhere authorized hereunder. Said note or notes shall be.secured
<br />l avby on a.parity with and as fully as if the advance evidenced thereby were - included in the note first.
<br />dau*W above. Said supplemental note or aotegshall bear - interest at the rate provided for in the grin-
<br />cipal indebtedness and shall be payable in approximately equal monthly payments far such period as may
<br />' be agreed upon by the Mortgagee and Mortgagor. Failing to agree on 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 />i event shall the maturity extend beyond the ultimate maturity of the note first described above.
<br />- -- -- -8. -gam hrarel>y aisl@ns,trms % stn and sets over tathe Mortgagee, to be appliedtoward the_payment of .
<br />the note and sil.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 and income to be derived from the mort-
<br />{ gaged premises during such time as the mortgage indebtedness shall 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, and it may pay out of said incomes all necessary commissions and
<br />i expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance
<br />f remaining, if any, to be applied toward the discharge of said mortgage indebtedness.
<br />' 9. He /she will continuously maintain hazard insurance, of such type or types and amounts as
<br />E Mortgagee may hrom time to time require, on the improvements now or hereafter on said premises and
<br />weept when payment- for all such premiums.has theretofore been made under (a) of paragraph 2 hereof,
<br />wfiI psry promptly when'due any premiums therefor. Upon default thereof, Mortgagee may pay the same.
<br />A11 insurance shall be carried in companies approved by the Mortgagee and the policies and renewals
<br />thereof shall be held- by the Mortgagee and. have attached thereto loss payable clauses in favor of and in
<br />: form acceptable to the .Mortgagee. In event of lose Mortgagor will give immediate notice by mail to the
<br />Mortgagee, who may make proof of loss if not made promptly by Mortgagor, and each insurance company
<br />! concerned is hereby authorized and directed to make payment for such loss directly to the Mortgagee ! -
<br />instead 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 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
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<br />transfer of title to the mortgaged property in extinguishment of the indebtedness secured hereby, all
<br />rl&t, title and interest of the Mortgagor in and to any insurance policies then in force shall pass to the r"
<br />r
<br />purchaser or grantee.
<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 and all oil and gas leases
<br />now, or during the life of this mortgage, executed on said premises, with 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 any 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 /she shall not commit or permit waste; and shall maintain the 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 the cost of Mortgagor. Any amounts paid
<br />i therefor by Mortgagee shall bear interest at the rate provided for in the principal indebtedness, shall
<br />thereupon become a part bf the indebtedness secured by this instrument, ratably and on a parity with all
<br />other indebtedness secured hereby, and shall be payable thirty (30) days after demand.
<br />12. If the premises, or any part thereof, be condemned under the power of eminent domain, or
<br />' acquired for a public use, the damages awarded, the proceeds for the taking of, or the consideration for
<br />such acquisition, to the extent of the full 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 Mortgagor fails to make any payments when due, or to conform to 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 du and pa ;•abiv, at the election of the e -
<br />P.3orig>;gee; and this. mortgage may thereupon be foreclosed immediately for the whole of the indebted -
<br />ness hereby secured, ipcluding the cost of extending the' abstract of title from the date of this mop t-
<br />-gage to the tiis�e Qf Lcit!Tnelteingsircirsttii} a nssvnabl� tittet'trey's4eera:ttl-an .:tst:::; {�.3ic1.b, -the Veterans , -_ —
<br />Administration on account of the guaranty or insurance of the indebtedness secru•ed hereby, all of which
<br />shall be included in the decree of foreclosure.
<br />14. If the indebtedness secured hereby be guaranteed or insured I'll der Title :.t;, United States (rods•,
<br />such Title and Regulations issued thereunder and in effect oak the date hereof shall govern the rights, duties
<br />and liabilities of the parties hereto, and any.provisions of this or ither instruments executed in collnet•tirin r..
<br />with said indebtedttrs4 which ate inconsistent with said Title...rr Regulations .ire beret►} :emended t.• �
<br />conform thereto. -?
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<br />The covenants herein contained shall hind, and.the benetit� and advantavtr shall inure to, the' h'
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