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<br /> � - .��"�� . . . 'g3�'
<br /> 6. lf hc/shc fails ca pay any sum ur kecp any covenant providcd f'or in this mortga�e,thc Mortg��cc,at
<br /> its option may pay or pc�farm thc samc,and all capenditures so mudc shall bc�ddcd ta thc princi�w)sum owinQ
<br /> _� __ on the abovc note,shAll bc securcd hcrcby,and shall bcar intc�e�t until paid at thc ratc provided for in thc prin-
<br /> cipa! indebtedness. -
<br /> 7.Upon reyucst of thc MortgaQ��c, Mo�tgaQor shall cxecutc and dclivcr u supplcmcntal notc or notcs fa�
<br /> the sum or sums advanred by Mortgagce for tlic alteration,modernication,or imp�avcment madc at the M�rt-
<br /> �agor's requcst;or for maintenancc of said premises, or for taxcs o�asscssments a�ainst the same.und for any
<br /> othcr purposc clsewhere authorized hcrcundcr. Said notc or notes sh�tll be sccured hercby on a�rity with and
<br /> ��r � as fulty as if thc advancc cvidcnccd thereby wcrc includcd in the note first dcSCrfl�ed above.5aid supplemcntal _
<br /> nota or notes shall bea� interest at thc rate provided for in thc p�f�cipal inclebtedness and shall be payabic in
<br /> approximatcly cqual munthly payments for such pc�iod as may bc Agrccd upon by thc Mort�a�cr and MortgaQor.
<br /> Failing to agree on the maturity. the whole of thQ sum or sums so advanced shall bc due and payablc thirty(30)
<br /> . days after demand by the Mort�a�ce. In no event shall the matu�ity cxtend bcyond thc ultimate maturity of the
<br /> note first dcscrlbed above.
<br /> 8. Hc/she hereby assigns, transfers and sets over to the Mortgagcr, to bc applicd toward tli�payment of
<br /> the note and all sums secured hereby in case of a default in ihe performance of any of the terms and conditions
<br />;, of this mortgage or the said notc,all the rents.revenues and income to bc derived from the mortgaged premiscs
<br /> during such time as thc mortgagc indebtedness sl�all remain unpaid;and the Mortgagee shall havc power to ap-
<br />_ point any agent or agents it m�y desire for the purpose of renting the same and collecting the rents, revenucs _
<br /> and jncome,and it may pay out of suld incomes all necessary commissions and expenses incurred in�e�ting and
<br /> managing the same and of collectins rentals therefrom;the balance remainin�,tf any,to be applied toward thc
<br /> discharge of snid mortgage indebtedness. '
<br /> ------- - 9. He/she will continuously maintain hazard insurance,of such typc or types and amounts as Mortgagee
<br /> � may from time to time requirc. on the improvements now or hercafter on said prcmises and except whcn`pay-
<br /> -- --= �nent for all such premiums has theretofore bcen made under(a)of parasraph 2 hereof,will pay pr�mptly when
<br /> — due any premiums therePo�.Up�n default thercof,Mortgagce may pay the same. AU inse�rancc shall bc carricd
<br /> ,i in companies approved by the Mortgagce and the polIcies and renewals thercof shaU bc held by the Mortgagce
<br />:�� and have attached thercto loss payable clauses in favar of and in Porm acceptable to the Mortgagec. l�► event
<br /> � af loss Mortgagor will give immediate notice by mail to the Mortgasee,who may makc proof of loss if not made
<br /> � promptly by Mortgegor,and cac:h insurancc company concerncd is hercby authorized and directed to make pay-
<br /> ment for such loss�firectly to the Mortgagee instead of to the Mortgagor and the Mortgagee jointly.and the
<br /> ' insurance praceeds,�or any part thereoi may br appiie�i i�Y tii� 1�torigagcr ai iis option either tQ !hc r!�lt�ction ,
<br />- � ` f��;�; of the indebtedness hereby secured os ta the restoration or repair of the property damaged. In cvcnt of foreclosure
<br /> tc„�,,��`�:.;�;.: of this mortgage,or other transfer of tide to the mongagcd praperty in extinguishment of thc indebtcdness secured
<br /> j. „ %ti•�'�.�?;':� hereby, all right, title and interest of the Mortgagor in and to any insurance policies then in force shall pass
<br /> i-,� . '`.'r%"�X'`+��` to the purchaser or grantee.
<br /> 4.;W.f,.iN:v:iY... :'.ii(.
<br /> 'Y''''*�'�'Q'"`z'� ''.�; 10. As additional und coilaierai security fur thr payment of the note described, and all sums to become
<br /> w� .
<br /> �`•�°�'��"•'`'={° due under this mortgage, thc Martsagon c�rcby assigns to thc Mortgasec all lcase bonuses, profits. revenues.
<br /> �`�•�� �'� royalties,rights,and other bencfits accruing to the Mortgagor under any and all oil and sas leases now,or dur-
<br /> ing the life of this mortgage,rxecuted on said premities, with the right ta receive and rereipt for the same and
<br /> . �t'.;�' apply them to said indcbtedness as wcll brforc as aftcr default in thc conditions of this mortgagc. and thc Mort-
<br /> ;,+x, . : gagee may demand,suc for and recove� any such payments whcn dur and payablc, but shall nut bc required
<br /> ''`� "`�' '' so to do. This assignmcnt is to tcrminatc and bccomc null and void upon rcicasc of this mortgagc.
<br /> ��'��'
<br /> �"' ��•=`•� ;� ' � I1. He/she shall nut commit or permit wastc;and shall maintnin the property in as good condition as at
<br /> c�+ -�.Y:�•��� present,reasonable wcar aad tcar cxcepted.Upon any failurc to so maintain. Mortgagcr,at its option, may cause
<br /> M �5���:•-'.;p.:��.,' reasonable maintenance work to be pertbrmed at thr cost of tifortgagar. A ny:tmountti paid therefor by Mort-
<br /> .;y;,,x, , '� �;�'� gagcc shall bear intcrest at thc ratc pro��idcd for in thc rrinripal indcbtcdnrsti, shall thcrcupon bccomc a part
<br /> - � ��� �� of the indebtcdness secured by t his inurumcnt,ratably and on a parity�vith all other Indcbtedness secured hereby,
<br /> •.'•„>.,. .
<br />� �`'f' ' and shall be payublc thirty(30)days aftrr drmund.
<br /> � ��
<br /> 12. If thc premiscs,or any part thcrrof, bc rnndenmcd undcr thc po��•cr of cminent domain,or acquircd
<br /> _ y �.�y: for a public usc.thc damagcs award�d. th�prcxcrds for t hc t�kinF ot',or th<<onsia�ratio�i for�uch acquisition.
<br /> -- .�• to the cxtent of the full amount of thc rrmaining unpaiJ indcbtedncss.ccurcd hy thi�mortgagc,or hercby assign-
<br /> .� • -,�;;�;, ed to thc Mortgagcc,and shall bc paid tbrthwith to said Mortgagcc,tu bc applicd on ar�ount of thc iast maturins =
<br /> installments of such indcbtcdness.
<br />_:� 13. If thc Mortgagnr fails to mnkc any paymcntz when duc,or t��conform to and comply��.•ith any of'thc _
<br /> conditions or agreemrnts contaimd in thi�mortgage.or thc notes�vhich it se�ures,thrn the entire principal sum
<br />;:�� i �4±;� and accrued interest shnll at oncc bccomr duc and puyable,at thr elcrtion of thr Mortgagee:and this mortgag�
<br /> may thereupon be forcdosed i�nmediaicly for thc wfic�le af thc indcbtednc�s hcreby �c�ured. including thc cuxt
<br /> of extending the abstract of title from the datr nf thi�mortgage to thc timc ot'commenring such�uit,a reasonable
<br /> — attorney's fec,and any sums paid by the Dcpartment of Veterans Affairs un account of the guarancy or insurance
<br /> of the indebtcdness secured hrreby.all of whirh shall br inrluded in the decrec of forcrlosure.
<br /> 14. tf the indebtcdness sccured hcrcby br guarantccd or insurrd under Titlr 38. Unitcd Statc� Codr,such
<br /> Tsrt�a.,ct Rrcul��ions is�ued thereunder and in eFfect nn thr datr hrroof ahall govern thr rights,dutics and liabilities
<br /> of the parties hcreto,and any provisions of tt►is or othcr instrumcnts cxecuted in conncction w�ith saia inaebicdness
<br /> which ue inconsistent with said Tidc o� Regulations arc hrreby amcndcd t�conform thereto.
<br /> Th�covenants hcrcin containcci�hull bind. and th� lxnefits and advantagcs shall inur�to.thc respertivr
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