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<br />6, I f he/she fails to pay any slim or keep any covenant provided for in this mortgage, the Mortgagee, at
<br />it~ or,ion may payor perform the same, and all cxpenditures so made shall be added to the principal sum owing
<br />on the above note, shall be secured hereby, and shall bcar interest until paid at the rate provided for in the prin-
<br />cipal indebtedness.
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<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 assessments against the same, and for any
<br />other purpose elsewhere authorized hereunder, Said note or notes shall be secured hereby on a parity with and
<br />as full::; as if the advance evidenced thereby were included in the note first described above, Said supplemental
<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 such prriod as may be agreed upon by the Mortgagee and Mortgagor.
<br />Failing to agree on the maturity, the whole of the sum or sums so advanced shall be due and payable thirty (30)
<br />days after demand by the Mortgagee. In no event shall the maturity extend beyond the ultimate maturity of the
<br />note first described above,
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<br />8. He/she hereby assigns, transfers and sets over to the Mortgagee, to be applied toward thc 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, reVtnues 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 ~nd collecting the rents, revenues
<br />and income, and it may payout of said incomes all 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 indebtedness.
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<br />9. He/she will continuously maintain hazard insurance, of such type or types and amounts as Mortgagee
<br />may from time to time require, on the improvements now or hereafter on said premises and except when pay-
<br />ment for all such premiums has theretofore been made under (a) of paragraph 2 hereof, will pay promptly when
<br />due any premiums therefor. Upon default thereof, Mortgagee may pay the same. All insurance shall be carried
<br />in companies approved by the Mortgagee and the policies and renewals thereof shall be held by the Mortgagee
<br />and have attached thereto loss payable clauses in favor of and in form acceptable to the Mortgagee. In event
<br />of loss Mortgagor will give immediate notice by mail to the Mortgagee, who may make proof of loss if not made
<br />promptly by Mortgagor, and each insurance company concerned is hereby authorized and directed to make pay-
<br />ment for such loss directly to the Mortgagee instead of to the Mortgagor and the Mortgagee 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 transfer of title to the mortgaged property in extinguishment of the indebtedness secured
<br />hereby, all right, title and interest of the Mortgagor in and to any insurance policies then in force shall pass
<br />to the purchaser or grantee.
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<br />10. As addiiional 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, revenues,
<br />royalties, rights, and other benefits accruing to the Mortgagor under any and all oil and gas leases now, or dur-
<br />ing the life of this mortgage, executed on said premises, with the right to receive and receipt for the same and
<br />apply them to said indebtedness as well before as after default in the conditions of this mortgage, and the Mort-
<br />gagee may demand, sue for and recover any such payments when due and payable, but shall not be required
<br />so to do. This assignment is to terminate and become null and void upon release of this mortgage.
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<br />II, 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, may cause
<br />reasonable maintenance 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.
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<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 secu~ed 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.
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<br />] 3. If the Mortgagor fails to makc 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 hecome 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 c.ommencing such suit, a reasonable
<br />attorney's fee, and any sums paid by the Veterans Administration on account of the guaranty or insurancc of
<br />the indebtedness secured hereby, all of which shall be included in the decree of foreclosure.
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<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 indebtcdncss
<br />which are inconsistent with said Title or Regulations arc hereby amended to conform thercto.
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<br />The covenants herein contained shall bind, and the bcnefits and advantages shall inure to, thc rcspectivc
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