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87- 102854
<br />its p P>RY enY ohm or keep any covenant Provided for in this mortgage, the Mortgagee, at
<br />owia on the above note, ahall be secured hereby, expenditures bar interestl until added to the principa! sum
<br />for In the Principal indebtedness. Paid at the rate provided
<br />7. Upon request of the Mortgagee, Mortgagor shall execute and deliver a supplemental note or notes
<br />for the am or sums advanced by Mortgagee for the alteration, modernization, or improvement made at
<br />the )Mortgagor's request; or for maintenance of said premises, or for taxes or assessments against the
<br />tee, end for any other Purpose elsewhere authorized hereunder. Said note or notes shall be secured
<br />hey on a parity with and as fully as if the advance evidenced thereby were 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 />etPal indebtedness 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 suss so advanced shall be due and payable thirty (30) days after demand by the Mortgagee.
<br />event shall the maturity extend beyond the ultimate maturity of the note first described abov. In no
<br />S. He /she hereby assigns, transfers and sets over to the Mortgagee to be
<br />the- note and all sums secured hereby in case of a default in the performance off any Hof the rd term�� 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 pay out 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.
<br />9. He/she will continuously maintain hazard insurance, of such
<br />Mom maY ftonh time to time require, on the improvements now or her of typed W amounts as
<br />except when Payment for ail such Premiums he theretofore been made under (a) of stag Premise and
<br />will Poi Promptly when due any premiums therefor. Upon default thereof, Mortgagee 2 hereon,
<br />s shall carried in con PslY the same.
<br />th"60f &hall be hold by the psnhe �P�'ed by. the Mortgagee and the policies and renewals
<br />form acceptable to the M` . 411111101h4d thereto lee Payable clauses in favor of and in
<br />Mortgagee, who may sake Peoif I1lattgo{or will give immediate notice by mail to the
<br />concerned is hereby nanfhorized"`a1W directed to make by Mortgagor, and each insurance company
<br />imEead of is the Mortgagor and the Mortgagee payment for such loss directly to the Mortgage
<br />may be applied by the M iointly, and the insurance proceeds, or any part ereat,
<br />or to the restoration or at its option either to the reduction of the ihxisb"a, hereby secured
<br />repair ge the property damag$d. In event of foreclosure of this mortgage, or other
<br />transfer of tide to the mortgaged
<br />right, title and interest of the Mir m extinguishment of the indebtedness secured hereby, all
<br />p�ltew or V=tee, any insurance policies then in force shall pass to the
<br />10. As additional 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 tease bonuses, profits, reve-
<br />nues, royalties, rights, and other benefits accruing to the Mortgagor under any and all oil and gas leases
<br />now, or during the life of this mortgage, executed on said Premises, with the right to receive and receipt
<br />for the same and aptly there to said indebtedness as well before as after default in the conditions of this
<br />mortgage, and the Mortgagee may demand, sue for and recover any such Payments when due and pay-
<br />able, but shall not be required so to do. This assignment is to terminate and become null and void upon
<br />release of this mortgage.
<br />11. 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,
<br />may cause reasonable maintenance work to be performed at the cost of Mortgagor. Any amounts 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.
<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, or the consideration for
<br />such acquisition, to the extent of the full amount of the remaining unpaid indebtedness secured by this
<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,
<br />13. If the Mortgagor 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 notes which it secures, then the
<br />entire principal sum and accrued interest shall at once become due and payable, at the election of the
<br />Mortgagee; and this mortgage may thereupon be foreclosed immediately for the whole of the indebted.
<br />mess hereby secured, ilhcluding the cost of extending the abatract of title from the date of this mort-
<br />gage to the time of commencing such suit, a reasonable attorney's fee and any sums paid by the Veterans
<br />Administration on account of the guaranty or insurance of the indebtedness secured hereby, all of which
<br />shat be included in the decree of foreclosure.
<br />14. If the indekbtedness secured hereby e
<br />such Title and Y guaranteed or insured under Title 3Ft, T' ited States Cale,
<br />Regulations issued thereunder and In effect hi the date hereof shall govern the, rights, duties
<br />sad liMidIn b the Parties hereto, and any provisions of this or other instruments executed in connection
<br />with sail indebted which are inconsistent with said Title or Regulations arc hereby amended to
<br />exmfnn thereto.
<br />The COVefflints herein contained shall bind, and the benefits and advantages shall inure to, the
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