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<br />RE- RECORDED $9" 1 a �'� `
<br />6. If he /she fails to al .� sum or k ..�
<br />P cell any cc.�vettiatO� vided f� �t this m��rtgige, the Mortgagee, at
<br />Its option may pay or perform the same„ and aIC expen?$4ures so made shall be welded to the principal sum owing
<br />on the above note, shall be secured hereby, and shall. bear interest until paid at tite rate provided for in the prin-
<br />cipal indebtedness.
<br />7. Upon request of the Mortgagee, Mortgagor shall execute and deliver a supplemental note or notes for
<br />the sum or sums advanced by Mortgagee for the alteration, modernization. or improvement made at the Mort -
<br />gagor's request; or for maintenance of said premises, or for taxes or ass-mments against the same:, and for any
<br />other purpose elsewhere authorized hereunder. Said note of notes shall be secured. hereby on a parity with ar_d
<br />as fully as if the advance evidenced thereby were included in the note first described above. Said supple-meptal
<br />note or notes shall bear interest at the rate provided for in the principal indebtedness and shall be payable in
<br />approximately equal monthly payments for stwh period as may be agreed upon by the Mortgagee and Mortgagor.
<br />Failing to ages on the maturity, the whole of the suet or sums so advanced shall be due and payable thirty (30)
<br />days after demand by the Mortgagee. In no event snail the maturity extend beyond the ultimate maturity of the
<br />j note first described above.
<br />S. He/she hereby &$SIM, transfers and sets over to the 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 conditions
<br />of this mortgage or the said note, all the rents, revenues and income to be derived from the mortgaged premises
<br />during such time as the mortgage indebtedness shall remain unpaid; and the Mortgagee shall have power to ap-
<br />point any agent or agents it may desire for the purpose of renting the same and collecting the rents, revenues
<br />and income, and it may pay out of said incomes aU, necessary commissions and expenses Incurred in renting and
<br />managing the same and of collecting rentals therefrom; the balance remaining, if any, to be applied toward the
<br />discharge of said mortgage indebtedtess.
<br />9. He /she will continuously maimain hazard insurance, of such type or types and amounts as Mortgagee
<br />may from time to time rcgtlitt;, on the improvements now or hereafter on said premises and except when pay-
<br />ment for all such premium lets, theretofore been made under (a) of paraspO 2 hereof, will pay promptly when
<br />due any premiums therefor. Upon default thereof, Mortgagee may pay the same. All insurance shall be caided
<br />in companies approved by the Mortgagee and the policies and renewals dijreof shall be held by the Mortga pe
<br />and have attached thereto .lens payable clauses im favor of and in form aoceptable to the Mortgagee. In event
<br />of loss Mortgagor will give4mmediate notice by M: til to the Mortgagee, N hQ stay make proof of lens if not made
<br />promptly by Mortgagor, and each ins+tuance company concerned is hereby ahthorized.and diire tted'to make pay-
<br />ment for such loss directly to the Mortgagee instead of to the Mortgagor and the NoTtgagee jointly, and the
<br />insurance proceeds, or any part thereof may be applied by the Mortgagee at its option either to the reduction
<br />of the indebtedness hereby secured or to the restoration or repair of the property damaged. In event of foreclosure
<br />Of this mortgage, or other traasfer of title to the mongaged nra<nerty in oxi: em ch * : :...e.ti.. .-A
<br />hereby, all right, title ad interest of the Mortgagor in and to any insurance policies then in force shall pass
<br />to the purchaser of grantee.
<br />10. As additional and collateral security for the payment of the note: descriW, and will st ng to become
<br />due under this mortgage, the Mortgagor hereby assigns to the Mortgaite all lease bonuses, profa.ts, revenues,
<br />MYa -des. rights. and other- beucfits X=ming to the Mortgagor under any and all oil and gas leases now, or dur-
<br />ing the rife of tltia, Mortgage, 'executed ca said premises, with the right to receive and receipt for the same. and
<br />apply them to saW, Indebtedness as wed£ before as after default1d the conditions of this mortgage, and the Deese-
<br />sa pe may dethapd. sue for* and recovtr any such payments when due and payable, but shall not be requir
<br />so to do. This ' a ' ssignment is to terminate and become null and void upon release of this mortgage.
<br />1 l . He /site. sfsall not commit or permit waste; and shall maintain the property in as good condition as. at
<br />present, reasomMe wear and tear excepted. Upon any failure to so maintain, Mortgagee, at its option. may cause.'
<br />reasonable maWtenance work to be performed at the cost of Mortgagor;. Any amounts paid therefor by Mort-
<br />gagee shall bear interest at: the rate provided for in the principal indebtedness, shall thereupon become a part
<br />of the indebtedness secured by this instrument. ratably and on a parity with all other indebtedness secured hereby,
<br />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 acquired
<br />for a. public use, the damages awarded, the proceeds for the taking of, or the consideration for such acquisition,
<br />to the extent of the full amount of the remaining unpaid indebtedness secured by this mortgage, or hereby assign-
<br />ed to the Mortgagee, and shall be paid forthwith to said Mortgagee, to be applied on account of the last maturing
<br />installments of such indebtedness.
<br />13. If the Mortgagor fails to make any payments when due. or to conform to and comply with any of the
<br />conditions or agreements contained in this mortgage. or the notes which it secures, then the entire principal sum
<br />and accrued interest shall at once become due and payable. at the election of the Mortgagee; and this mortgage
<br />may thereupon be foreclosed immediately for the whole of the indebtedness hereby secured, including the cost
<br />of extending the abstract of title from the date of this mortgage to the time of commencing such suit. a reasonable
<br />attorney's fee. and any sums paid by the Veterans Administration on account of the guaranty or insurance of
<br />the indebtedness secured hereby, all of which shall be included in the decree of foreclosure.
<br />14. If the indebtedness secured hereby be guaranteed or insured under Title 38, United States Code. such
<br />Title and Regulations issued thereunder and in effect on the date hereof shall govern the tights, duties and liabilities
<br />of the parties hereto. and any provisions of this or other instruments executed in connection with said indebtedness
<br />which are inconsistent with said Title or Regulations are hereby amended to conform thereto.
<br />The covenants herein contained shall bind, and the benefits and advantages shall inure to. the respectj' :
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