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<br />88- 104053
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<br />6. If he/lIle fai1a to pay any sum or keep any covenant provided for In this mortgage, the Mortgagee, at
<br />its option, may payor perform the same, and all expenditures so made shall be added to the principal sum
<br />owing on the above note, shall be secured hereby, and shall bear interest until paid at the rate provided
<br />for in the principal indebtedneS8,
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<br />7. Upon request of the Mortgagee, Mortgagor shall execute and deliver a supplemental note or notes
<br />for the sum or sums advanced by Mortgagee for the alteration, modernization, or improvement made at
<br />the Mortpsor's request; or for maintenance of said premises. or fOl' taxes 01' assessments against the
<br />same, and for any other purpose elsewhere authorized hereunder, Said note 01' notes shall be secured
<br />hereby on a parity with and as fully llll if the advance evidenced thereby \\'ere included in the note first
<br />described above, Said supplemental note or notes shall bear interest at the rate provided for in the prin-
<br />cipal indebtedness and shall be payable in approximately equal monthly payments for such period as ml\Y
<br />be Agreed upon by the Mortgagee and Mortgagor. Failing to agree on the maturity, the \\'hole of the sum
<br />or sums 10 advanced shall be due and payable thirty (30) days after demand by the MOl'tgagee. In no
<br />event shall the maturity extend beyond the ultimate maturity of the note first desct'ibed above,
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<br />8. He/llbe hereby _igna, tranafen and seta over to the Mortgagee, to be applied toward the payment of
<br />the note and allsulIlll 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 indebterlness,
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<br />9. He/llle will continuously maintain hazard irnurance, of such type or types and amounts as
<br />Mortpgee may from time to time require, on the improvements now or hereafter on said premises and
<br />eltcept when payment for all such premiull1ll has theretofore been made under (a) of pllI'Bglllph 2 hereof.
<br />will pay prompdy when due any premiums therefor, Upon default thereof, Mortgagee may pay the same.
<br />All inaunnce Ihlll be carried In companies Ilpproved by the Mortgagee and the policies and renewals
<br />thereof mall be held by the Mortpgee and have attached thereto 1018 payable clauses in favor of and In
<br />form acceptable to the Mon,agee. In event of 1011 Mortgagor will give immediate notice by mail to the
<br />Mortppe, who may make proof of 1015 if not made promptly by Mortgagor, and each insurance company
<br />concerned ill hereby lWthorized and directed to make payment for such loss directly to the Mortgagee
<br />Instelld of to the Mortgagor and the Mortgagee jolntJy, and the Insurance proceeds, or any part thereof,
<br />may be applied by the Mortgagee at i~ option either to the reduction of the indebtedness hereby lCCured
<br />or to the reatoration or repair of the property damaged. In event of foreclosure of this mortgage, or other
<br />tnnafer of title to the mortpged property in extinguishment of the indebtedness secured hereby, all
<br />riabt, title and Intereat of the Mortgagor in and to any Insurance policies then In force shall paaa to the
<br />pu.n:h_r or arantee,
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<br />10. As additional and collateral security for lhe payment of the note desl'l"Iued, and all sums to become
<br />due under this mortgage. the Mortgagor hereby ll!!signs to the Mortgag{'., all leas,. bonuses, profits. reve-
<br />nues, royalties, rights, and other benefits accruing to the Mortgagor under an}' and all oil and gas leases
<br />now, or during the life of Ihis mortgage, executed on said premises, \\'ith th(' right to I'eceive and I'eceipt
<br />for the same and apply them to said indebtedness as well before as afh'r tI,'faull in the conditions of this
<br />mortgace, and the MOl.tgagee may demand. sue for and recover any such paym,'nts \\'hen due and pay-
<br />able, but shall not be l'equired so to do. This assignment is to terminate and become null and \'oid upon
<br />release of this mortgage.
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<br />11. He/me mall not commit or permit waste; and shall maintain the property In as good condition as at
<br />present, reasonable \\'esr and tear excepted. Upon any failure to so maintain. MOI,tgag('l', at its option,
<br />may cause reasonaule maintenance work to be performed at the cost of Mortgagor, Any amOL nts paid
<br />therefor by Mortgagee shall bear interest at the rate provided for in the principal indebtedness, shall
<br />thereupon 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 (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
<br />acquired for a public use, the damages awarded, the proceeds for the taking of, 01' the consirleration for
<br />such acquisition, to the extent of the full amount of the remaining unpaid ind{'bto.dness secul'ed by this
<br />mortgage, or hereby assigned to the Mortgagee, and shall be paid forlhwith to said Morlgagl'l', to be
<br />applied on account of the last maturing installments of such indebtedness.
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<br />13. Ii the MOItgagor fails to make any payments when due, or to conform to and comply with any
<br />of the conditions or agreements contained in this mortgage, or the notl'S which it securps, then the
<br />entire principal sum and accrued interest shall at once become due an,i ll<lyabl,', at the election of the
<br />Mortgagee'; And this mortgage may thereupon be foreclosed immediately for the whole of the indebted-
<br />ness hereby 8('cufl.d, i}lcluding th.. cost of exlt-nding the abstract of title frolll till' dat.. of this mOl't-
<br />pge to the time of commencing such suit, a reasonable attorne)"s f('l', and allY sums paid by the "derans
<br />Administration on account of the guaranty or insurance of the indebl,.,inl'ss s(',"url'd hl'rl'by, all of whIch
<br />shall be included in the decree of foreclosure.
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<br />14. If the indebtl'<lness MCured hereby be guarant....d 01' Inslln'rlund,,1' Titl., :I."l. ('nilt.d Stat.'s Cod,',
<br />~uch Title and Regulations issued tla>reunrl('r and in ..If..d on Iii" o1a1<'I",,,,',,f ,hall ~ovt'rrllllt' flj!ht.', dul,,"
<br />and liabilities cf lhe parties hf'relo, and an)' provisions of tillS III' "ltlt'r Insl n,ml'l1ts """"11".,1 In ,",,,,,,,'.-1,,,"
<br />wllh said indehtrolu.ss which ur(. in('nnsi!:~h.nl with said Titlp llr I:l-Jrulalions art' Ill-n-hy allWlldt'd !.l
<br />cunform thereto.
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<br />TIll' rU\'f'nl\nb h"I'I'IO mntalO('d shall hind, and th,' h"n"'it, and athalll.ql'.' shall """'" I". 111,
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