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<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 />i. 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 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 beyond the ultimate 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 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 commiss;ons and
<br />expanses incurred in ranting and managing the same and of collecting rentals therefrom; the balance
<br />remaining, if any, to be aptrhed 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 />form 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 sec red
<br />n extinguishment of the indebtedness secured hereby, all
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<br />or to the restoration or repair of the property damaged. In event of for of this mortgage, or other
<br />transfer of title to the mortgaged property i
<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 and collateral security for the payment of the note des,.-r!! >>;•d, anal all sums to bec•orne
<br />due under this mortgage, the Mortgagor hereby assigns to the Mortgagee all lease• bonuses, profits, reN e-
<br />nues, royalties, 1•igh1s, 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 apple them to said indebtedness as «-ell 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 pa }_
<br />aide, but shall not he royuirod so to do. This assignment is to terminate and. become nul; 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 reasonabre maintenance work to be performed at the cost of Mortgagor. .env amounts paid
<br />therefor by Mortgagee shall bear interest at the rate provided for in the pnncilral indebtedness, shall
<br />thereupon become a part of the indebtedness secured by this instrument, ratable and on a parity with all
<br />other indebtedness Secured hereby, and shall be payable thirty (30) days after dc-mand.
<br />12. If the premises, or any part thereof, he condemned under the poster of eminent domain, or
<br />acquired for a public use, the damages awarded, the proceeds for the taking of, or the c•orisJ0.'r'ation for
<br />such acquisition, to the extent of the full amount of the remaining unpaid indebta(fness secured by this
<br />mortgage, of herahy assigned to the Mortgagee, and shall he paid forthwith to slid Mortgagee. to be
<br />applied on account c.f the last maturing installments of such indebtedness.
<br />l3. If the Morigagor fails to make any paynu ots when due, or t"" to and comlrly with any
<br />of the conditions or agreram•nts contained in this rn< rigage. or the note, �X high it secures. then the
<br />entire principal stmt and aurve•d fntarost shall at once becorn due aml pavabit'. al the election of the
<br />Mortgagee; and this mortgage may th« taupe❑ be foreclosed immediately for the thole of the indebled-
<br />noss hereby secured, !i,clnding the cost of extending the• abstract of title from the date of this nxn•t-
<br />gage to the time of cornrnencing such suit, a reasonable attorney's foe, and xn� nv paid bN t -he Veterans
<br />Administration on account of the guaranty' rrr insurance ()I' the inde�tedness,e,�uro<i here l> >. ail of which
<br />shall be included in the docree of foreclosure.
<br />14. If the indebtedness sactu•acl hereby he guar•anieed or insured under. Title :18. ltnited States Code,
<br />such Title and Regulat.lons issued thereunder and in ,�ffeet on t b. latr hereof shall y,oyern the rights, duties
<br />and liabilities of the parties her -to. and any proyi.,ions of this or oil r irsf rumcnts executed in coruuetion
<br />with said indebtedness which are inconsistent with said 'fill, nr I;agulations :ire hereby anrondod t
<br />conform thereto.
<br />I'll(' covenants herein contained shall hind, and the benefits and adyarrtage.e shall inure to
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