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<br />d3- 001210:':"
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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 payor 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.
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<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, 01' improvement made at
<br />the Mortgagor's request; or for maintenance of said premises, 01' 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 induded 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 />01' 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,
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<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 01' 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 payout 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 indebt<~dness,
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<br />9, He will continuously maintain hazard insurance, of such type or typ,'s and amounts as Mortgagee
<br />may from time to time l,,',)uire, on the improvements now or hereafter on said premises and except when
<br />payment for all su,'h pl'emiums has theretofore been made under (a) of paragraph 2 hereof, will pay
<br />promptly when due any premiums therefor. Upon default thereof, Mortgagee may pay the same. All
<br />insurance shall be carricd in companies approved by the Mortgagee and the policies and renewals thereof
<br />shall be held by the Mortgaf(ee and have attached thereto loss payable clauses in fa\'or of and in form
<br />acceptable to the Mortgagee, In event of loss ~fortgagor will giw immediate notice by mail to the Mort-
<br />gagee, who may make proof of loss if not made promptly b)' Mortgaf(or, and each insurance company con-
<br />c,'med is lwreby authorized and directed to make payment for such loss rlil'l'ctly' to the :\Iortgagee instead
<br />of to the ~Iortgagor and the lIIortgagee jointly, and the insurance pro(','eds, or any part thereof,
<br />may be applied by the Mortgagee at its option either to the l'eduction of the indebtedness hereby secured
<br />or to the I'l'stol'atioll or repair of the property damaged, In event of for"e!osur,' of this ll1ortgaf(e, or other
<br />transfer ,)f title to the mortgaged property in ('xtinguishment of the indebt,'dn,'ss :;('cured hereby, all
<br />right, title and interest of the Mortgagor in and to any insurance' policips then in forcc shall pass to the
<br />pun,haser or grantee,
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<br />10. As additional and i.:ollateral seeurity for tht1 payment of the note dl'Sl.:rihnl. and all sums to become
<br />due under this mortgage, tIll' Mortgagor hereby assigns to the Mortgage" all lease bonuses, profits, reve-
<br />nues, royalties, i'ight~. and olher benefiL~ accruinf( to the :\fortgagor under any and all oil and gas leases
<br />now, or during tne life of this mortgage, executl'd on said premises, with the ]'if(ht to receive and receipt
<br />for the same and apply tlWlll to :;aid indebtedness as well before as aft,'r <1('fault in the conditions of this
<br />mortgage, and the MOltgaf(ee may demand, sue for and recoVer any such pa,rmellts whl'1I due and pay-
<br />able, but shall not be l"'{luired so to do, This assignment is to terminate and become null and void npon
<br />n'lease of this mortf(age,
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<br />11. He shall not ('ommit or pel'mit waste; and shall maintain the propl'rt.y in as f(ood condition as at
<br />present, reasonable wear and tear ,'xcepted, Upon any failure to so maintain, :\Iongagee, at its option,
<br />may cause l'eas(mablL' maintenance work to be pl'l'formed at the cost or' MOltgagor, Any amounts paid
<br />th"<'1'efor by Mortgagee shall bear interl'st at the rate provided for in th" pnncipal indebt"dness, shall
<br />th"reupon become a part of the indebtedness seeureti by this instrument, ratably and on a parity with all
<br />other indebtedness seeured hereby, and shall be payable thirty (80) days after d,'mand,
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<br />12. If the premises, or any part therl'Of, be condemned under the POWPI' uf emilwnt domain, or
<br />acquired for a public use. the damages a\\'ard"d, the pl'O('epds for the taking of. or the consideration fOl'
<br />such acquisition, to the ext"nt of the full amount of the remaining unpaid indebtedness secured by this
<br />mortgage, or herl'by assiglwd to the Mortgagee, and shall be paid forthwith to said Mortgag",', to be
<br />applil,d on account of llll' last maturing installments of such indebtedness,
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<br />13. If the MOltgagor fails to make any payments when due, or to conform to and comply with any
<br />of the conditions or agreements contained in this lllortgage, or the not"s \l'hieh it securps, then the
<br />entire principal sum and accrued interest shall at once become due and payabl,', at the el"ction of the
<br />Murtgagee; and this murtf(age may thereupon be foreclosed immediately fOl' the whole of the indebted-
<br />ness hereb~' 5<'<.,ur"d, induding the cost of extl'nding the abstract of title from the date of this mort-
<br />gage to the time of commencing such suit, a reasonable attorney's f,'(', and any SUllls paid by tllt' \'derans
<br />Administration on account of the guaranty or insurance of the ind,.bt('dn,,~s ",'Cured h"l'<'by, all of which
<br />shall be included in the decree of foreelosure.
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<br />14. If the indebtedne$S secured hereb)' be guaranteed or insured nnder Title ;\8, United States Code,
<br />sitch Title and Regulations issued thereunder and in (.(fect on tlw dale hl'reof shall go\'t'l'll the rights. dnties
<br />and liabilities Qf the partiell hereto, and any provisions of this or other instnmH'nts ,'x,,,,,uh'<l in t'Olllll~tioll
<br />with S3id indebt.ed_ which art' incunailltent witlt said Title or Hell'tllatitllls are hen>l.y lHl1<'fHied to
<br />""nform theret..., .
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<br />The CO\'eAlUlU< hprein t~ntaill.ed shall bind, and th<! IWll('lits and ,uh'antall't's shall !nul'P tn, II",
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