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86---) ! 106133
<br />6. If he /she fails to pay any sum or keep any covenant provided for in this mortgage, the Mortgagee, at
<br />its option, may pay or 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 indebtedness.
<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, modernisation, or improvement made at
<br />the Mortgagor's request; or for maintenance of said premises, or for taxes or assessments against the
<br />same, and for any other purpose elsewhere authorized hereunder. Said note or notes shall be secured
<br />hereby 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 />cipal 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 sums so advanced shall be due and payable thirty (30) days after demand by the Mortgagee. In no
<br />event shall the maturity extend hPvond the ultirttate maturity of the note first described above.
<br />8. He /she hereby assigns, 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 rote, 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, arid it may pay out of said incomes all necessary commissions and
<br />expenses incurred in r,•nting and managing the same and of collecting rentals therefrom; the balance
<br />remaining, if an }, to h,, applied toward the discharge of said mortgage indebtedness.
<br />9. He /she will continuously maintain hazard insurance, of such type or types and amounts as
<br />Mortgagee may from time to time require, on the improvements now or hereafter on said premises and
<br />except when payment for all such premiums has theretofore been made under (a) of paragraph 2 hereof,
<br />will pay promptly when due any premiums therefor. Upon default thereof, Mortgagee may pay the same.
<br />All insurance shall be carried in companies approved by the Mortgagee and the policies and renewals
<br />thereof shall be held by the Mortgagee and have attached thereto loss payable clauses in favor of and in
<br />fora acceptable to the Mortgagee. In event of loss Mortgagor will give immediate notice by mail to the
<br />Mortgagee, who may make proof of loss if not made promptly by Mortgagor, and each insurance company
<br />concerned is hereby authorized and directed to make payment for such loss directly to the Mortgagee
<br />instead of to the Mortgagor and the Mortgagee jointly, and the insurance proceeds, or any part thereof,
<br />may be applied by the Mortgagee at its option either to the reduction of the indebtedness hereby secured
<br />or to the restoration or repair of the property damaged. In event of foreclosure of this mortgage, or other
<br />transfer of title to the mortgaged property in extinguishment of the indebtedness secured hereby, all
<br />right, title and interest of the Mortgagor in and to any insurance policies then in force shall pass to the
<br />purchaser or grantee.
<br />10. As additional ;end , oilateral security for the payment of the note described, and all sums to become
<br />due under this mortgag,% Ow Mortgagor hereby assigns to the Mortgagee all lease bonuses, profits, reve-
<br />nues, royalties, rights. nod other benefits accruing to the Mortgagor under any and all oil and gas leases
<br />note, or during the hfr• of this mortgage, executed on said premises, with the right to receive and receipt
<br />for the same and apple thorn to sail indebtedness as well before as after default in the conditions of this
<br />mortgage. and the Moo tg:Is4- rnar 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 nortgage.
<br />11. He /she shall not commit or permit waste; and shall maintain the property in as good condition as at
<br />present, reasonahlc v. ar awl tear excepted. Upon any failure to so maintain, Mortgagee, at its option,
<br />n:ay cause reasol"Ihil• maimer.ance work to be performed at the cost of Mortgagor. Any amounts paid
<br />therefor be Mortgai,,•e shall hear interest at the rate provided for in the principal indebtedness, shall
<br />thereupon hct•ome a part of the indebtedness secured by this instrument, ratably and on a parity with all
<br />other indebtedness :enured h,•reby, and shall be payable thirty (130) days after demand.
<br />12. If the prcnu <ts, „r• ;my part thereof, be condemned under the power of eminent domain, or
<br />acquired for a puhhr use, the damages awarded, the proceeds for the taking of, or the consideration for
<br />such acquisition, to the , xt, rot of the full amount of the remaining unpaid indebtedness secured by this
<br />mortgage, or h,•reh, assigned to the :1lortgagee, and shall be paid forthwith to said Mortgagee, to be
<br />applied uu ac,•ount „f th, last maturing installments of such indebtedness.
<br />13. if the Mm ip,:gor fails to make ant• payments when due, o• to conform to and comply with any
<br />of the conditions or agreements contained in this mortgage, or the notes Much it secures, then the
<br />entire print ipal sum and accrued interest shall at once become due and payable, at the election of the
<br />Mortgagee: and the. 'n„rtgage ntay thereupon he foreclosed immediately for the whole of the indebted -
<br />ucss herehr secure d, n„ lu «ling the rr.st of extending the abstract of title from the date of this mort-
<br />gage to the time of , nnm «•=rang such suit, a reasonab[e• attorney's fee. anti arc sums paid by the Veterans
<br />Administration ou a, « ouut of tide guaranty or i list] ranee of tilt' indebtedness secured hereby, all of which
<br />shall be included in the decree of foreclosure.
<br />14. If till, indebtedness secured hereby he guaranteed or insured under Title :i8, United States Code,
<br />L such Titl« :uei Regulations issued thereunder and in efTert un the ,late hereof shall govern the rights, duties
<br />and liandctc.•'s of the hartrcs 1wreto, and an} procrsions of this or other instrunn•nts executed in connection
<br />H ith said uxiehh•dnes, tcliic•h are inconsistent with said 'Title or Regulations are hereby amended to
<br />conform thereto.
<br />The hurcin contained shall haul, and tho bent•tits and adtantage.s shall inure to, the
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