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<br />84~--- OC}fl466
<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 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 a supplemental note or notes
<br />for ti;e sum ar sums advanced by Mer*_.ggree for +_he alteration, modernization, or improvement made at
<br />the Mortgagor's request; or for maintenance of said premises, or for taxes or assessments against he
<br />same, and for any other purpose elsewhere authorized hereunder. Said note or notes shall ba secured
<br />hereby on a parity with and as fully as if the advance evidenced thereby were inchided in the note first
<br />described above. Said sul?plemental note or notes shall bear interest at the rate provided for in the prin-
<br />cipal indebtedness and shall 6e 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. Ile hereby assigns, transfers and sets over to the Mortgagee, W be applied toward the payment of
<br />the note and all sums secured hereby in case of a default in the perfot-manee 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 commissions and
<br />expenses incurred in renting and managing the same and of collecting rentals therefrom;-bhe balance
<br />remaining, if any, to be applied toward the discharge of said mortgage indebtedness.
<br />y. Ile will contiuuottsly maintain hazard insurance, of such type or types and amounts as Mortgagee
<br />rosy from time to time t•equire, on the improvements now or hereafter on said premises and except when
<br />payment for a1! suc}t premiums has theretofore been made under {¢) of paragraph 2 hereof, .will pay
<br />promptly when due any premiums therefor. Upon default thereof, Mortgagee map pay the same. All
<br />insurance shall be carried in eompani:s approved by the ~tort.gagee and the policies and renewals thereof
<br />shall be held by the Martgagee and have attached thereto lass payable riauses in favor of and in form
<br />acceptable to the Martgagee. In event of lass Rortgagor will give immediate notice by mail to the Mort-
<br />gagee, tvtx, may make proof of Toss if not made promptly by Dtartgagor, and each insurance company con-
<br />cerned is hereby authorized and directed to make payment far such loss directly to the Mortgagee instead
<br />of to the ~iortgagar and the Martgagee jointly, and the insurance praceeds. or any part thereof,
<br />may he applied by the Moetgagee at its option either to the reduction of the indebtedness hereby secured
<br />ar [o the trstaratiou ar repair of the property damaged. In event of foreclosure of this mortgage, or other
<br />transfer of title tea the mortgaged property let !-stinguishment of the indebtedness secured hereby, alI
<br />right-, title and interest of fire iltortgagor in and to any insurance policies then iu frn•ce shall pass to the
<br />purchaser or grantee.
<br />10- As additional and a~liaterai security for the payment of the note described, .uul ail sums to become
<br />due under this mortgage, the ?kiottgagar hcrebg assigns to the ittortgagee all lease bonuses, profits, reve-
<br />nues, roy-aities, rights, and outer benefits accruing to the Mortgagor under any and all oil and gas leases
<br />caw, or during the life r.~f this mortgage, exccutod on said premises, with the right to receive and receipt
<br />far the same and appit~ them to said indebtedness as tti~ell before as after default in the conditions of this
<br />mortgage, and rite i\l~x-fgagee rosy demand, sue Car and recover any such payments when clue and pa,V-
<br />abic, but shall oat be required so to do. :his assignment is to terminate and become null and void upon
<br />release of this mortgage.
<br />11, lie shall not commit or permit waste; and sheill ntztintain the property in as good condition as at
<br />present, reasonable ;tear and Fear excepted, Upan any failure to so maintant, Mortgagee, at its option,
<br />may cause reasouab'rr: maintenance work to be performed ai the cast of Mortgagor. .4ny amounts paid
<br />therefor b}• Mortgagee shall bear interest at the rate provided for in the principal indebteduess, shall
<br />thereupon become at part of the indebtedness secured by this instrument, ratably and on at parity with all
<br />atiter htdebtedness secured hereby, and shall be payable thirty {30) days after demand.
<br />1`L. If the premises, cu- any part thereof, be condemned under the power of eminent domain, or
<br />aequit•ed for a public use, the damages aevarded, the praceeds far the taking of, ar the cansidceation for
<br />such acquisition, to the extent of the full amount of the remaining unpaid indebtedness secured by this
<br />mortgage, or hereby assigned to the ?tifortgagee, and shalt be paid fortlttvith to said Mortgagee, to be
<br />applied an account z>f the last maturing installments of such indebtedness.
<br />13, If the ~tortgagot• fails Lo make any payments when due, or to nonfarm to and comply with any
<br />of the conditions ar agreements contained in this mortgage, ar the n,tcs ~rhich it secures, then the
<br />entire principal sum and accrued interest shall at once became due and payable, at the election of the
<br />Martgagee; and this mortgage may thereupon be forectosecl immediately for the t4holc of the indebted-
<br />ness hereby sc*rurcd, inchtding the east of cxiending the abstract of title from the date oC this mort-
<br />gage to the time oC carmuencing such suit, a reasonable attorney's fee, and any sums paid by the \`eterans
<br />Administration c;n account of the guaranty or insurance of the indebtedness secured het•ciay, ell of tehieh
<br />t+hall tx~ included is the decree of foreclosure.
<br />i~l= If rise indebte~htess se+:ured hereby be guaranteed ru insut•c>d under Title 3t~. i'~i~ed Stater Cade,
<br />such Title and I~e};ulaDzons i:uc~ thereunder and in effr~t t an tltt~r riatre hereof shalt govern the eights, <lnties
<br />and Iiabi}ities aF the parties hereto, and any pravisicins aC this or other instrtunents exe~z•uLecl in connection
<br />with said indebtednnt~s svhiclt .are inconsistent with said Title ar flegutations are heralty amended to
<br />evnfurm thereto.
<br />'Cho cnvenaRtx herein a,ntained shall bind, and the krenetil4e aril advantages shall inu:r t.a, the
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