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<br /> . � 6. If he/stx Taits to`pax anY sum or kecp.any covenant provided for in this�rtorias�e.�l�e Mort;a�ec.�at-_ � � _
<br /> . its qxicM maY p�Y of perfaRn the same.�nd alt expendituns so maRie sf��ll be adcled 3o thc prineipitl sum owiaj ,
<br /> . `on the above nae,shall bc secured hertbY,end shalt bear.interest until paid at t6e rate provided fa in the prin-'�
<br /> cipsd indebtedness. : ' , . , � .
<br /> 7. Upon request of the Mortgagse.Mongagor shal!execute and¢eliver a supplemental note or pates for ' . �
<br /> �the sum or�Lms advanced by Mortgagec for the aRe�ation,modemizatian,or improvement made 0t the LVlort-
<br /> gagor's reqaest;or for maintenance of said prcmises,or far taxes or assessmenis against the same,and for as�y
<br /> _ btfler porppse elsewhere aathoriud herc�tmier.Said noEe ar nptes shall be secured hereby un a parily witii and
<br /> � as fulIy as.if ihe advane��videnced thereby were inctaded in the note first descfibed afwve.Saic!sopp{emcn�at (� '
<br /> note or notes shall bear int�er�est at the rate provided.for in the pdncipal iadebtedness and shatl be payable in ,,�
<br /> � approximately cqual monthIy payments far sacb period as may be agreed upon by ti�e Mortgagee and Mortgagor. �_ �
<br /> � �ailing to ag�ree on the mazurity,the whole of the sum or sums so advanced shall6e due and payabte thirty(30) - w
<br /> days after demand by the Martgagee.In no event shall the maturity excend beyo�d the aitimate maturity of the �
<br /> note first descdtred above. �
<br /> �8.He/she hereby assigns,uansfers and sets over to the Mortgagee,to be applied toward the payaicnt of �
<br /> the note and at1 sums securec!hereby in case of a default in the performance of any of the terrns and conditions �
<br /> of this mortgage or thr said note,all the rents.revenues and income to be derived from the mongaged premises
<br /> � diuing such time as the mortgage indebtedness shall remain uapaid;and the Mortgagee shall have power to ap-
<br /> point any agent or agents it may destre for the purpose of mnting the same and collecting the rents,revenues
<br /> and is►co�ne,and it may pay out of said incomes all necessary commissions and expenses iacurred in renting and�
<br /> m�naging t�,�azne and of collecting rentals therefrom;the balance remaining,if anp;cu be appliect toward the
<br /> dischar8c:cn��ttd mortgage indebte�ss. . .
<br /> '. 'Y•
<br /> � 9.Her'�e.svsS��roa�ciously mia�ntain hazard insurance,of such type or types and amounts as Mortgagee
<br /> may frt�ai.�me to ti�-��quire,oti ihe'impcove,rii�mts now or hereafter on said premises and excepE when pay-
<br /> ment fo�;�such premiums has therefofore t�een inade un.der ta)of paragraph 2 hereof,will pay promptly when
<br /> due�;���miuins'therefor.Upon:�efauU.thereof,Mortgag�e may pay the same.All insurance shall be carried
<br /> , � in co�;�anies approved by the Mortgagee ari��'the policies and renewats thereof shatt be t�eid by the Mortgagee ,
<br /> ..;�d 4a've.attached thereto loss�fayable clauses in favor uf and in form acceptablc to the Mortgagee.In eveat
<br /> °�: ,q3 ioss��rtgagor will give immediate aodce by mail to the Mortgagee,who may malce praof of loss if not made
<br /> . prons���y Mortgagor,and each insurance company concerned is hereby authorized and directed to make pay-
<br /> ment fai�such loss directJy to the Mortgagee instead of to the Mortgagor and the Mortgagee jointly,and the
<br /> '::`insurance prucceds;or any part thereof may�appiied by the•Mortgagee at its option eitber to the reduction
<br /> � ''. of the indebtedness hereby secured or to the res%�iation or repair of the property damaged.In event of fareclosure �
<br /> � ' .of this mortgage.or other transfer of title to the rtiortgaged propeny in extinguishmeni of the indebtedness secured
<br /> hereby,�1..right, titl�and interest of the Mongagor in and to any insurance policies then in force shaU pass :
<br /> to tht pgi�'.haset or grantee. , -
<br /> 10._4s addi�a�or,a.n and collateral security for the payment of the nate described,and ail sums to becotne '
<br /> � �e uz�der this mortgage,the Mongagor hereby assigns to the Mortgagee all lease 6onuses, profit's, revenues,
<br /> ' iaya�ties.rights,and other bene�ts accruing Co the Mortgagor under any and all uil and gas leases now,or dur- __
<br /> ing t`h��of this mortgage,exe�utett on sai�premises,with the right to reccive and receipt for the same and _
<br /> apply t�i�si to said indebtedness as Kell befare as af'ter default in the conditions of this mortgage,and the Mort- .
<br /> :' gagee may demand�sue for and recover any such payments when due and payabte,but shall not be required
<br /> so to do.This assignment is to terminate an�6ecome null and void upan rcleasc oP this mortgage. _
<br /> 11. He/she shall not commit or permit waste; and shalt maintain the property in as good condition as at _
<br /> present,reasonable wear and tcar excepted.Upon any faiture[o so maintain,Mortgagee,at its option,may caase� •
<br /> reasonable maintenance work to be performed at thc cost af Mortgagor. Any amounts paid therefor by Mort-
<br /> gagee shal)bear interest at the rate provided t'or in the principai indebtesdpess,shall thercupon 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. ]f ihe premises,or any part ihereof,be condemnad under the po�ver of emincnt domain,or acquitvd. _
<br /> for a public use,the damages awarded,the proeeeds for che taking of.or the considcration for such.acquisition,�� _
<br /> to the extent of the full amount of the remaining unpaid indebtedness sccured by this mongagc.or he�eby assign• ,°
<br /> ed to the Mortgagee,and shall bc p�id forthwith to said Mort�agee,to be apnlicd on accaunt of the tast maturing =
<br /> instafic��acs of such indebtedness. . __
<br /> 13.�i'the Mortgagor fails to makc any paymcnts whcn duc,or ta canform to and comply with any of thc -
<br /> conditions or agreerrtents contained in this mortgage,or the noies which it secures.then the entire principal sum
<br /> and acerued interest slial)at once b�come due and payabte,at the election of the Mortgagee;and�his mortgage
<br /> , may thcreupon bc toreclosed immediately for the wholc of thc indebtedness hcreby securcd, irecluding thc wst -
<br /> of extending the abstract of title fram the datc of this mortgage ta the time of commcacing such sui�,a rcasonahle -
<br /> attomey's fee,and any sums paid by the Depanment of Veterans Affairs on account of the guaramy or insuranee
<br /> �of the.ind¢btedness secured hereby.all of �►hich shall be included in the decree of foreclosure.
<br /> 14.lf the i�d�btedness sccured hereby bc guaranteed or iasured under Title 38�United Stafes Codc,such -
<br /> Titk and Regulations 9ssned thereunder and in ei'fect on the date hereof shall govern the righu,dutles and liabititles -
<br /> of the pariics hereto,and any provisions of this or other instruments executed in connection with said indebledness -
<br /> which�►e inconsistent witb said Title or Regutations are h�reby amended to conform thereto.
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<br /> The covenants herein contained shall bind, and the benefits and advantages shali inure to,the resP4ctive
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