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<br />, 88-103396
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<br />6, If be/she fails to pay any sum or keep any covenan~' provided for in this mortgage, the Morlpgee, at
<br />its option, may pay or perform the same, and all expenditures so made shall be added to the principa1sum
<br />owi~g on the above note, shall be secured hereby, and shall bear interest until paid at the rate provided
<br />for in the. principal indebtedness,
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<br />,7. Upo~tequest of the Mortgagee, Mortgagor shall execute and deliver a supplemental note or notes
<br />for the sum or stUns advanced by Mortgagee for the alteration, modernization, or improvement made at
<br />the ,)lortgagor's ~uest; or for maintenance of said premises, or for taxes or asseSsments against the
<br />sanie, a~d for any other purpose elsewhere authol'ized hereunder, Said note or notes shall be secured
<br />hereby on a ~rity with and as fully as if the advance evidenced thereby were included in the note first
<br />desclibeli above, Said supplemental note or notes shall bear interest at the rate provided for in theprin-
<br />cipai.'indebtcdness'and shall be payable in approximately equal monthly payments for such period as may
<br />be agreed upon by the Mortgagee and Mortgagor, Failing to agree on the maturity, the whole of the sum
<br />or sums 'so advanced shall be due and payable thirty (SO) days after demand by the Mortgagee. In no
<br />event shall the maturity extend beyond the ultimate maturity of the note nrst described above.
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<br />8, He/she bereby II88igna J 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 condi-
<br />tions of this mortgage or the said note, all the rents, revenues and income to be derived from the mort-
<br />gaged premises during such time as the mortgage indebtedness shall remain unpaid; and the Mortgagee
<br />shall have power to appoint any agent or agents it may desire for the purpose of renting the same and col-
<br />lecting the rents, revenues and income, and it may payout of said incomes all necessary commissions and
<br />expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance
<br />remaining, if any, to be applied toward the discharge of said mortgage indebtedness.
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<br />9, He/she will continuously maintain hazard insurance, of sucb type or types and lDDounta ·
<br />Mortpgee may from time to time require, on the improvements now or bereafter on said premil!'ll and
<br />seept when payment for ell such premiums hu theretofore been made under fa) of paragmpb 2 hereof.
<br />will paJ:~~li-;WJ1.~9~~~:P18miums therefor. Upon default thereof, Mortgagee may pay the BIUIle.
<br />All ~ 1bB1(r._.~~~''c,mpanies approved by the Mortgagee and the policies and renewelI
<br />thereo~sh. .......1...eMortpaee and have attached thereto 1081 payable clauJes in favor of 8Dd in
<br />form accilpt.i61e"€OlIieMortjiptf.-1n event of loss Mortgagor will give immediate notice by DUtil to the
<br />Mort:paee, who may make proof of loss if not mode promptly by Mortgagor, and each insurance company
<br />concerned is hereby authorized lIIld directed to make payment for such Iou directly to the Mm+rre
<br />inltead of to the Mortgagor and the Mortgagee jointly, and the insurance proceeds, or any part thereof,
<br />may be applied by the Mortgagee at it. option either to the reduction of the indebtednell hereby MlCUNIl
<br />or to the restoration or repair of the property damaged. In event of foreclOlure of this mortpge. or other
<br />tnnIfer of title to the mortpged property in extinguishment of the indebtedneu lIt!CUnlCi hereby. all
<br />rilbt, title 8Dd intenllt of the MorfCagor in and to any inlurance policies then in force shell pall to the
<br />purc:bMer or p8Dtee.
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<br />10. As additional and collateral security Cor the payment of the note descriued, and all sums to become
<br />due under this mortgage, the Mortgagor hereby assigns to the Mortgagee all lease bonuses, profits, reve-
<br />nues, royaJties, rights. nnd other benefits accruing to the Mortgagor under any and an oil and gas leases
<br />now, or during the life of this mortgage, executed on aaid premises. with the right to receive and receipt
<br />for the same and apply them to said indebtedness as well before 88 after <'efauJt in the conditions of this
<br />mortgage, and the M0l1gagec may demand, sue for and recover any such payments when due and pay-
<br />able, but shall not be I'equil'ed so to do. This assignment is to tenninatc and become null and void upon
<br />release of this mortgage.
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<br />11. He/the shall not commit or permit waste; and thalJ maintain the property in as good condition .. at
<br />present, reasonable wcar and tear excepted. Upon any failure to so maintain, Mortgagee, at its option,
<br />may cause reasonaule maintenance work to be pert'ormed at the cost oC Mortgagor. An)' amounts paid
<br />therefor by M01.tgllgee shall bear interest at the rate provided for in the pl'incipal indebtedness, shan
<br />thel'eupon become a part of the indebtedness secured by this instrument, ratably and on a parity with all
<br />other indebtedness secured hereby, and shall be payable thirty (SO) 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
<br />acquired lor a public use, the damages awarded, the proceeds for the taking of, 01' the consideration for
<br />such acquisition. to the extent of the full amount of the I'emaining unpaid indebtedness secured by Utis
<br />mortgage, or hereby assigned to the Mortgagee, and shall be paid forthwith to said Mortgagee, to be
<br />applied on account of the last maturing installments of such indebtedness.
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<br />13. If the Mot,tgngor fails to make any payments when due, 01' to conform to and comply with any
<br />of the conditions 0\' agreements contained in this mortgagu, or the notes which it secures, then the
<br />untire principal sum and accrued interest shall at once become due and payable, at the election of the
<br />Mortgagee; and this mOl'tgage may thereupon be foreclosed immediately for the whole of the indebted-
<br />ness hereby !K:'cured, iJlcluding the cost of extending the abstract of title {l'O\Il the date of this mort-
<br />gage to the time of commencing Ruch suit, a reasonable attol'lley's fee, and AllY sums paid by the V<,tC1'8nS
<br />Administration on account of the guaranty 01' insurance oC the Indebledncss secUt'ed hCl'cby, all of which
<br />shall be included in the decrt'C of fort!closure.
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<br />14. It the indebtedness lIecured hereby be guarantecd 0\' inslIl'ed lindeI' Title 38, United States Code.
<br />such Title and Rl!gulations issued thereunder IInd in cffl!ct Oil the llale hel'l!of shl,1I govern the rights, dutil!s
<br />llnd Uabilities onhe parties hereto, and any provlslonll 01' this or llthl!l' Illsh'urMnts eX(ICutcd in connl'ctioll
<br />wl.th Hid indebtedness which are IncO\l8llltent with said Title 01' Regulations nre hercb~' llnllmded to
<br />conform thereto.
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<br />The covenants herein containl'(l "hall bind, and the bl!tlllllt.~ and ndvantages shall inlll'e lo, tl1l'
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