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<br />6. If he fails to pay any sum or keep any covenant provided for in this mortgage, the Mortgagee, at
<br />its option, may pay or perfot•m 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 />forinthe 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, modernization, or improvement made at
<br />the Mortgagor's request; or for maintenance of said premises, or fot• 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 pat•ity +cith 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 far such period as may
<br />be agreed upon by the Dlartgagee 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 aftet• demand by the bortgagee. In no
<br />event shall the maturity extend beyond the ultimate maturity of the note first described above.
<br />8. He 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 po+ver to appoint any agent or agents it nlay 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 he applied tou-ard the discharge of said mortgage indebtedness.
<br />9. He will cmttinuously maintain hazard insurance, of such type or types and amounts as Mm•tgagee
<br />may from time to time rcc~uire, on the improvements now or hereafter on said premises and except when
<br />payment for all such premiums has theretofore been made under (a) of paragraph 2 hereof, will pay
<br />promptly when due any premiums therefor. ITpon default thereof, Dortgagee may pay the same. All
<br />insurance shall be carried in companies approved by the Mortgagee and the policies and renewals thereof
<br />shall be held by the 1tlortgagee and-have attached thereto loss payable clauses in favor of and in farm
<br />acceptable to the Mortgagee. In event of loss lYlortgagor +vill give immediate notice by mail to the Mort-
<br />gagee, +vho may make proof of lass if not made promptly by Mortgagor, and each insurance company con-
<br />cerned is hereby authorized and directed to make payment for such loss directly to the hlartgagee instead
<br />of to the Mortgagor and the Mortgagee jointly, and the insurance proceeds, or any part thereof,
<br />may be applied by the htot•tgagee 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, ar other
<br />transfer of title to the nu>rtgaged property- in extinguishment of the indebtedness secured hereby, all
<br />right, title and interest of the lortgagor in and to any insurance policies then in force shall pass to t}te
<br />purchaser or grantee.
<br />10. As additional and collateral security fm• the pe~y°tnent of the Hate described, atul all sttms to become
<br />due under this marigage, tltc Dlortgagar hereby assigns to the 3Iartgagee all ]ease 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 attd receipt
<br />for the same and apple thorn to said indebtedness as well before as after default in the conditions of this
<br />mortgage, and the lSartgagee nr,ty demand, sue for and recover any such parmeuts 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 shall not coumtit or permit waste; xnd shall maintain the property in as goad condition as at
<br />present, reasonable +vear and tear escepteci. Upat any failure to so ntaiutain, 1ortgagee, at its option,
<br />may cause reasonablu ntaintenauce work to be I,terformed at the cost of• b4ortgaga•. any amounts paid
<br />therefor by Mortgagee shall bear interest at the rate provided fur in Lhe principal indebtedness, shall
<br />thereupon becronta a part of the indebtedness secured by this instrument, ratably and on a parity n•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 paver of eminent domain, ar
<br />acquired for a public use, ilte damages awarded, the proceeds fur the taking of, ar the cansidetatiott for
<br />such acquisition, to the extent of the full amount of the remaining unpaid indebtedness secured by this
<br />mortgage, ar hereby assigned to the IMlortgxgee, 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 pztvments when due, or to conform to and comply with any
<br />of the conditions or agreements contained in this mortgage, ur the notes ++hich it secures, then the
<br />entire principal sum and accrued interest shall at once becgme~due and payable, at the election of the
<br />Mortgagee; and this ntoetgage may thereupat be foreclosed immediately fm• the +vhole of the indebted-
<br />ness hereby secured, including the cost of extending the abstract of title from the date of this mort-
<br />gage to the time of catnntenciag such suit, a reasonable attortrey's fee, and any soots paid by the ~•eterans
<br />Administration on account of the guaranty or insurance of the indebtedness secured hereby, all of +chich
<br />shall be included in the decree of foreclosure.
<br />14. If the indebtedness secured hereby be guaranteed ur insured under Title 38, Pnited States Code,
<br />such Title and Regulakions issued thereunder and in effect an the date het•eof shall govern the rights, duties
<br />and liabilities of the parties he earn, and any pruvisinns ui this or otter instruments exec uteri in c•wtnectiou
<br />with said indektteclness which ore inconsistent +vith said Title ar Pegulxtions are iteraby atuended to
<br />conform thereto.
<br />The covenriuts herein contaitrcKt shall hind, and the benefits and advanta{,es sltatll inure tu, the
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