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<br />83- t)(j1531
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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, 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.
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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 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 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 indebtedness,
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<br />9, He will continuously maintain hazard insurance, of such type 01' types and amounts as Mortgagee
<br />may from time to time i'ef!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, Upon default thereof, Mortgagee 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 MOI'tgagee and have attached thereto loss payable clauses in favor of and in form
<br />a~ceptable to the Mortgagee, In event of loss Mortgagor will give immediate notice by mail to the Mort-
<br />gagee, who may make ]l!'(){)f of loss if not made promptly by Mortgagor. and each insurance company con-
<br />cerned is hen'by authorized and directed to make payment for such loss directly to the Mortgagee instead
<br />of to the ~lortgagor :uld 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 hel'eby secured
<br />or to the rcstoration or repair of the property damaged, In event of foreelosure of this mortgage, 01' other
<br />transfer of title to the mortgaged property in ,'xtinguishment of the ind,'btednl'ss secured hereby. all
<br />right, title and intel'est of the ~lortgagor in and to any insurance policies then in force sh:11I pass to the
<br />purchaser or grantee,
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<br />10, As additional and collateral security for the payment of the note desniul'd, and all sums to become
<br />due under this mortgag,', the MOl'tgagor hereby assigns to the ~Iortgagl'l' all lease 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 "I' this mortgage, executed on said premises, with the right to l'(~cei\'e and rcceipt
<br />for the same and apply them to said indebtedncss as \\'ell before as after default in the conditions of this
<br />mortgage, and the ~lortgag('" may demand, sue for and rcco\'er any such paynll'nts when due and pay-
<br />able. but shall not be requin'd so to do, This assignml'nt is to terminate and become null and \'oid upon
<br />rell'ase of this mortgagl',
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<br />11. He shall not commit or pl'rmit waste: and shall maintain the prop"l'ty in as good ,'on,lition as at
<br />present, n'asonable weal' and tear ,'xcepted, rpon any failure to so maintain, Mortgage", at its option,
<br />may cause J't'asonable maintenance work to be pl'rformed at the cost of ~tortgagol'. Any :lIllounts paid
<br />th,'reiol' by Mortgag.'<l shall heal' intl'l'est at the mte pro\'id,'d for in the prllleipal indebtedness, shall
<br />tlwl'eupon b,'come a part of thl' ind('btednl'ss sl'<.;ured by this instrument, ratably and on a parity with all
<br />other indebtedness s""Ul'l'd IWl'eby, and shall be payable thirty (30) days aftl'r ,lPmand,
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<br />12. If the prl'misl's, or any part thereof. lK> condemned nnder the pO\\'l'I' ,,1' ,'minent domain, 01'
<br />acquired for a public us,', the damages awarded. thl' proceeds for the taking of, 01' the l'onsictt'ration for
<br />such acquisition, to the extent of the full amount of the remaining unpaid indeutedness secul't'd by this
<br />mOl'tgage, or hereby assiglll'{l to th,' Mortgagee, and shall be paid forthwith to said Mortgagl'.., to be
<br />applied on account of the last maturing installments of such indebt..dness,
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<br />13, If the Mort!(agor fails to make any paYlIl('nts when due, 01' to conronn to and ,'omply \\'ith any
<br />of the conditions or agl't>en1l'nts contained in this nlllrtgage, or the not"s \\"hieh it secures, then the
<br />entire princ.ipal sum and llccruc'(l interest shall at once become due and payabl(', at the l'lection of the
<br />}tortgagee: and this mortgage may thereupon lK> fon;closed immediately for the whole of the indebted-
<br />ness ll<!l'eby s,'cur,>d, induding the cost of "xten.ling lhe abstract of title fl'Om the dale of this mOI't-
<br />gage to the time of ('ommencing such suit, a I'l'asonable attorney's fee, and any sums paid by the Veterans
<br />Administration on account of the guaranty 01' insurllnce of the indebtedness sl'c'ured herd)y, all of whieh
<br />shall he included in the decree of fon'Closure,
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<br />14, If the indebtednesa secun>d hereby be gunrallt....d 0,' inslln'd under Title !IH, Unit<~d :,;tat<~s Code,
<br />such Title and Regulations issued thereunder and in ..Ift'l't on tilt' .Iate hl'l",(lf shall gOVl'I'n till' l'ights, duties
<br />and liabilities ot the partie.s hereto, and any PI'll\'isiollS of this ('1' oth(,I' instl'uml'lIts "x''t~nted in l'lllllh'('tinn
<br />with aaid. bldebtedn_ which are inconsistent with said Titl.. 01' Hegulations ar.' hel..,hy allll'nd,'d tn
<br />cl'ln!orm tit_to.
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<br />The COVVlllUlU ht!lvin ':ontaiu'!<:i shall hind, and the l>t'lwfits and advllntag<'s shall inul'<' to, lh.,
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