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88- 104467 6. If he/she fails to pay any sum or kecp any covcnant provided for in this mortgage. the Mortgagee, at its option may payor perform the samc, and all cxpenditures so madc shall bc added to the principal sum owing on the above note, shaU bc secured hereby, and shall bear interest until paid at the rate providcd for in thc prin- cipal'indebtedness. 7. Upon request of the Mortgagee, Mortgagor shall execute and deliver a supplemental note or notes for the sum or sums advanced by Mortgagee for the alteration, modernization, or improvement made at the Mort. gagor's request; or fDr maintenance of said premises, or for taxes or assessments against the same, and for any other purpose elsewhere authorized hereunder. Said note or notes shall be secured hereby on a parity with and as fully as if the advance evidenced thereby were included in the note first described above. Said supplemental nDte or notes shall bear interest at the rate provided for in the principat indebtedness and shall be payable in approximately equal monthly payments for such period as may be agreed upon by the Mortgagee and Mortgagor. Failing to agree on the maturity, the whole of the sum or sums so advanced shall be due and payable thirty (30) days after demand by the Mortgagee. In no event shall the maturity extend beyond the ultimate maturity of the note first described above. 8. He/she hereby assigns, transfers and sets over to thc Mortgagee, to be applied toward the payment of the note and all sums secured hereby in case of a default in the perfDrmance of any of the terms and conditions of this mortgage or the said note, all the rents, revenues and income to be derived from the mDrtgaged premises during such time as the mortgage indcbtedness sball remain unpaid; and thc Mortgagee shall have power to ap- point any agent or agents it may desire fDr the purpose of renting the same and collecting the rents, revenues and income, and it may payout Df said incDmes alt necessary commissions and expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance remaining, if any, to be applied toward the discharge of said mortgage indebtedness. 9. He/she will continuously maintain hazard insurance, of such type or types and amounts as Mortgagee may from time to time require, on thc improvements now or hereafter Dn said premises and except when pay- ment for all such premiums has theretoforc been made under (a) of paragraph 2 hereof, will pay promptly when due any premiums therefDr. Upon default thereof, Mortgagee may pay the same. All insurance sball be carried in companies approved by the Mortgagee and the policies and renewals thcreof shall be held by the Mortgagee and have attached thereto loss payable clauses in favor of and in form acceptable to the Mortgagee. In event of loss MDrtgagor will give immediate notice by mail to the Mortgagee, WhD may make proof of IDSS if not made prDmptly by Mortgagor, and each insurance company concerned is bereby authorized and directed to make pay. ment for such loss directly tD the Mortgagee instead of to the MDrtgagor and the Mortgagee jointly, and the insurance proceeds, or any part thereof may be applied by the Mortgagee "t its option either to the reduction of the indebtcdness hereby secured or 10 the restoration Dr repair of the property damaged. In event of foreclosure: of Ihis mortgage, or Dther transfer Df title tD the mortgaged property in extinguishment of the indebtedness secured hereby, all right. title and interest of the Mortgagor in and tD any insurance policies then in force shall pass to the purchaser or grantee. 10. As additiDnal and collateral security for the payment of the nDte described, and all sums 10 become due under this mortgage, thc Mortgagor hereby assigns tD the Mortgagee all lease bonuses, profils, revenues, royalties, rights, and other benefits accruing tD the Mortgagor under any and all oil and gas leases now, or dur- ing the life of this mortgage, executed on said premises. with the right to receive and receipt for Ihe same and apply them to said indebtedness as well before as after default in the conditions of this mDrtgage, and the MDrt- gagee may demand, sue for and recover any such payments when due and payable, bUI shall nDI be required so to dD. This assignmem is to terminate and becDme null and void upon release of this mortgage. II. lie/she shall not commit or permit waste; and shall maintain the property in as good condition as al present, reasonable wear and tear excepted. Upon any failure to so maintain, Mortgagee, at its option, may cause reasonable maintenance work to be performed at the cost of Morlgagor. Any amDunts paid therefor by Mon. gagee shall bear interest at Ibe rate provided for in Ihe principal indebtedness, sball thereupon become a part of the indebtedness secured by this instrument, ratably and on a parity with all other indebtedness secured hereby, and shall be payable thirty (30) days afler demand. 12. If the premises, or any part Ihereof. be condemned under Ihe power of emincnl domain, or acquircd for a public use, the damages awarded, the proceeds for the taking of, or the consideration for such acquisitiDn, to the extent of the full amount of the remaining unpaid indebtedness secured by tbis mDrtgage, or hereby assign- ed to the Mortgagee, and shall be paid forthwith to said Mortgagee, to be applied on account of the last maluring installments of such indebtedness. 13. If the Mortgagor fails to makc any payments whcn due, or to conform to and comply with any of Ihc conditions or agreements contained in this mDrtgage, or the notes which il secures, then the enlirc principal sum and accrued interest shall at once become due and payable, at the elcction of the Mortgagee; and Ihis mortgage may thereupon be foreclosed immediately fDr the whole of the indebtedness hereby secured, including the cost of extending the abstract of title from the date of this mortgagc to the time of commencing such suit, a reasonablc attorney's fee, and any sums paid by the Veterans Adminislration on account Df the guaranty or insurancc of the indebtedness secured hereby, all nf which shall be included in the decree of foreclosure. 14. If the indebtedness secured hereby be guaranteed or insured under Title 38, United Statcs Codc. such Title and Regulations issued thercundcr and in cffcct on tbe date hereof shall govern the rights, duties and liabi(itics of the parties hereto, and any provisions of this or other instruments executed in connection with said indebtedness which are inconsistent with said Title or Regulations are hereby amended to conform thereto. The covenants herein contained shall bind, and the benefits and advantages shall inure to, thc respective 1.