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85, 003674
<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 it 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 paymen t of
<br />the note and all sums secured hereby in case of a default in the performance of any of the terms and con of
<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 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 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 fa) 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 is 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 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 and (olkatc•ral security for the payment of the ,(It(. descr all ..ums tc. beeon;:,
<br />due under this mortgage. the Mortgagor hereby assigns to the Mortgage, ail lease bonuses. profits, re�,•-
<br />nues, royalties, rights, and other benefits accruing to the Mortgagor under any and all oil and gas leases
<br />roil%, or during the life of this mortgage, executed on said premises, with the right to receive and receipt
<br />fen the same and apple th «gym to said indebtedness as cc c•ll before as after default in the conditions of this
<br />mortgage. ;rod the 1lortgagve may demand, sue for and recover any sucl pacm nts when due and pac-
<br />able, but shall not be rc•quire'd so to do. This assignment is to terminate and become null and void upon
<br />rel, -ase 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 anal tear excepted. Upon any failw•e to so maintain, Mortgagee. at itS option,
<br />may cause reasona�u, maintenance work to be performed at the cost of Mort >r
<br />therefor by Mortgagee shall bear interest at the rate provided for in the prnipal indebt dnuss slrail
<br />thereupon become. a pact of the mdchtedness secured by this instrument, ratably and on a 1?ar;ty «ith 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 pov;er of eminent domain, of
<br />acquired for a public• use, tlur damages awarded. the proceeds for the taking of, or the consic?.� main for
<br />sack acquisition, to tile extent of the full amount. of the remaining unpaid inricbtedness secured by this
<br />mortgage, nu hereb} assigned to the Mortgagee, and shall be paid forth%%-ith to said INI,olgagee, to be
<br />applied on ac•c•ount of the last maturing installments of such indebtedness.
<br />12. If the Mortgagor fails to make any payments when due, or, to (,(,fit, trr te! and comply tiyith an}
<br />of the conditions or' agre,ments contained in this mortgage, or the notes %"11;, 1, it secan's• then the.
<br />entire principal sum arui ac•crwd interest shall at ones become ,hie and pn�;rl�l,. at the elocti,rn of the
<br />Mortgagee; and this mortgage may thereupon he foreclosed immediately for the whr,le of the indebted-
<br />ness hereby se•cund, �rulndwg the cost of ,xtendinK the abstract. of title fpm the ,late of, this mort-
<br />gage to the time of romrne acing such suit. a reasonable attorney's fee, and ;uiy aim.; paid by the V,tcrans
<br />Administration on account of tilt, guaranty or' irusuran'c' of the indebt,dnw.�e ��•, cr, d aril h }. all ,,f which
<br />shall be included in the decree of forecdosute.
<br />14. If the indebtedness secured hereby ho kuaranteed or irrsur vl nr,der 'Title ;�. 1'nited States ('..de.
<br />such Title and Regulations issucrd thereunder and ill ,�ffc(I i th, latr h�•re,if shall goc,rn the rights, duti,.
<br />and liabilities of the parties hereto, and any pr,nvisions of this ,n other in rum, nts x cutori in connection
<br />with said indebtedness which are inconsistent with said 'I•ille or llegnlations ;ue hereby am,•nded to
<br />conform thereto.
<br />The covenants herein contained shall hind, and the benefiL4 and advant;rg, shall inure
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