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-6. If he /she-fails to pay any sum•or keep any covenant provided for in this mortgage. the Mortmee, at '
<br />its option may pry or perform the same. and all expenditures so made shall be added to the principal sum owing
<br />on the above ante. shall be secured hereby, and shall bear interest until paid at the rate provided for in tk¢ prin
<br />cipal indebtedness.
<br />(� 7. Upon request of the Mortgagee. Mortgagor shall execute and deliver a supplemental note or rt"6 for
<br />j the sum of sums advanced by Mortgagee for the alteration, modernization, or improvement made at t3 omort-
<br />S%W's request; or for maintenance of said premins, or for taxes or assessments agaimt the same, and for arty
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<br />as fully as if the advance evidenced thereby were included in the note first described above. Said suppbeaxeriW .
<br />note or notes shall bear interest at the rate provided for in the principal indebtedness. and shall be pa "t 14' .:.
<br />O apprhl'! % 111"I'AUN-akahlYpaymebts for such penod as maybe agreed upon by the Mortgagee and Moigts:
<br />Failing to agree on the maturity, the whole of the sum or sums so advanced shall be due and payable tkkty, (36)
<br />days miter demand by the Mortgagee. In no event shall the maturity extend beyond the ultimate nummity of the
<br />note first t described above.
<br />&,He /she hereby assigns, 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 thetertas and conditions
<br />1 of this mortgage or dw said note, all the rents, revenues and income to be derived from the mortlaggd premises
<br />during such time as the mortgage indebtedness shall remain unpaid; and the Mortgagee shall have - gr*Wgr't .ap-
<br />point any agent or agents it may desire for the purpose of renting the same and colloctitrg ft Keats; revues
<br />mad income. and it may payout of said incumciall- necessary commissions and expenses incred in
<br />otn; renting tied
<br />managing the sanne and of collecting rentals -fb %i�s the balance remaining, if any, t4 be.app toward the
<br />discharge of said mortgage indebtedness.
<br />9. He /she will continuously maintain hazard insurance, of such type dr.types, and amounts ir,3;"Mortgagee
<br />may from time to time require, on the improvements now or hereafter on said premises and except when pay-
<br />( went for all such premiums has theretofore been mtade under (a) of paragraplZ 2 hereof, will pay promptly when
<br />due any premiums therefor. Upon default thereof, Mortgagee may pay the sam. All insurance shall be carried
<br />in companies approved by the'Mortgagee and tht. policies and renewals ftereof shall, be held by the Mortgagee
<br />and Have attache% thereto loss payable clauses_ i0 favor of and is form" acceptable to the Mortgagee. In evead
<br />of loss Mortgagor will give immediate notice by miii to the Mortgagee, wbo Wray makE proof of loss if not m
<br />promptly by Mortgagor, and est�hiasursace company concerned is herby authorized and directed to make pay-
<br />meat t'oF such loss d*ecdy,.ta *iMoapSee instead of to the. Mortgagor and the Mortgagee join#ry. and the 4
<br />insurance proceeds, or any, pm dwMf'My be" liA*d by the Mortgagee at its option either to the reduction
<br />of the indebtedness hereby secured or to f �iiestoratlaa or repair of the property damaged. In event of foreclosure
<br />of this mortgage. or other transfer of t.-dami the mcr. tgaged property in extinguishment of the indebtedness secured
<br />hereby, all right. title and intcrest o° 0i 'Mortgajjcr art• and to any insurance policies then in force shall pass
<br />to the purchaser or grantee.
<br />10. As additional and ciyUtgtak i urity for the payment of the note described-,,and all sums to become
<br />due under this mortgage, the 31 W.igait;cjb�eby assigns to the Mortgagee all lease boiTwws, profits, revenues,
<br />royalties. rights. and other betsct �s aecruiifg to the Mortgagor under any and all oil arxk'* leases,now, or dur-
<br />ing the life of this mortpge., executed on said premises, with the right to receive and hNeipt' €l3 P�A0 was and
<br />apply them to said indebtedness as well before as after default in the conditions of this wortgasrj the Mort-
<br />gagee may demand, sue for and recovar any such payments when due and payable, but shall not be required —
<br />so to do. This asxignment is to terminate and become null and void upon release of this mortgage.
<br />11 L. 40/she shall not commit or permit waste; and shall maintain the property in as good condition as at
<br />present; reasonable wear and rear; excepted. Upon any failure to so maintain, Mortgagee, at its option, may cause ;
<br />reasonable mail atance work to be pe fer -rned at the cost of Mortgagor. Any amounts paid therefor by Mort-
<br />gagee shall bear'tgperest at the rate pristij 3ixl for in the principal indebtedness, shall thereupon become a pan':, of the, i�tdebtedness secured by�thU Instfwnent, ratably and on a parity with all other indebtedness secured hereby,
<br />and I. be payable thirty (30), days after demand.
<br />12. If the pranises, or any part thereof, be condemned under the power bf a nirsMi domain, mfr ;iV.4V1lt
<br />for a public uselht damages awarded, the proceeds for the taking of, or the ce :ffii r'ai a5ta for such azquif t r iw
<br />to the extent of the full amount of the retaining unpaid indebtedness secured by tW4izjitVge. or hereby assign,
<br />ed to the Mortgagee, and sh}1`i b paid forthwith to said Mortgagee, to be applied on account of *4., list maturing'
<br />iMtaltinents of such indebtedness.
<br />13. If the Mortgagor fails to make unyt.payments when due, or to conform to and .comply with any of the
<br />conditions or agreamentscontained in this mortgage, or the notes which it secures. then the entire principal sum
<br />and•,' icfirued interest shall at bace become due and payable, at the election of the Mortgagee; and. this mortgage
<br />may thereupon be foreclosed Inlimedively for the whole of the indebtedness hereby secured, ind6diing the cost
<br />of extending the abstract of title from the ditte of this mortgage to the time of commencing such suit, a reasonable
<br />attorney's fix. and any sums paid by the Veterans Administration on account of the guaranty or insurance of
<br />the indebtedness secured hereby,.ail 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 rights, 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 respective
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