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<br />83-0017Tl
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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 re'1uest of the Mortgagee, Mortgagor shall execute and deliver a supplemental note or notes
<br />for the sum or snms 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 />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 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 pnrpose 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 or types and amounts as Mortgagee
<br />may from time to time require, 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 Mortgagee and have attached thereto loss payable clauses in favor of and in form
<br />acceptable to the Mortgagee, In event of loss Mortgagor will give immediate notice by mail to the Mort-
<br />gagee, who may make proof of loss 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 Mortgagee instead
<br />of to the ;\lortgagor 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 />Plll'chaser or grantee,
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<br />10. As additional and collateral security for the payment of the note described, and all sums to become
<br />due under this mortgage, the Mortgagor hereby assigns to the Mortgagee all lease bonuses, profits, reve-
<br />nues, royalties, rights, and other benefits accruing to tho Mortgagor undor 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 and receipt
<br />for the same and apply them to said indebtedness as well before as after default in the conditions of this
<br />mortgage, and the Mortgagee may demand, sue for and recover any such payments when due and pay-
<br />able, but shall not be required so to do, This assignment is to terminate and become null and \'oid npon
<br />release of this mortgage,
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<br />11. He shall not commit 01' permit waste; and shall maintain the property in as good condition as at
<br />present, reasonable "'ear and teal' excepted. Upon any failure to so maintain, Mortgagee, at its option,
<br />may cause reasonable maintenance work to be performed at the cost of Mortgagor, Any amounts paid
<br />therefor by Mortgagee shall bear interest at the rate provided for in the principal indebtedness, shall
<br />thereupon become a part of the indebtedness secured by this instrument, ratably and on a parity with all
<br />other indebtedness secured hereby, and shall be payable thirty (30) days after demand.
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<br />12, If the premises, or any part thereof, be condemned under the power of eminent domain, 01'
<br />acquired for a public use, the damages awarded, the proceeds for the taking of, 01' the consideration for
<br />such acquisition, to the extent of the fnll amount of the remaining unpaid indebtedlwss secured by this
<br />mortgage, or hereby assigned to the Mortgagee, and shall be paid forth,,'ith to said l\!ol'tgagee, to be
<br />applied on account of the last maturing installments of such indebtedness,
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<br />13, If the ;\lol'tg'agor fails to make any pa~'ments when due, 01' to conform to and comply with any
<br />of the conditions 01' agreements contained in this mortgage, 01' the nutes \I'bich it secures, then the
<br />entire principal sum and accrued interest shall at once become due and payable', at the election of the
<br />Mortgagee; and this mortgage may thereupon be foreclosed immediately for the whole of the indebted-
<br />ness hereb~' secured, induding the cost of extending the abstract of title from the date of this mort-
<br />gage to the time of commencing such suit, a reasonable attorney's fel', and any SlIms paid by the Veterans
<br />Administration on account of the guaranty 01' insurance of the indebtedness seclI!'e'd hereby, all of which
<br />shall be included in the decree of foreclosure.
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<br />14, If the indebtedness secured hereby be guaranteed 01' insul'l'd nnder Tith,' :)8, lTnited States Code',
<br />such Title and Regulations issued thereunder and in .>ireeL on tbe date hpn'of shall govern tilt' l'ights, duties
<br />and liabilities of the parties hel'eto, and any provisions of this 01' othpl' instrunl<'nts execute'd in cOlllwetilln
<br />. with said indebtedness which are inconsistent with said Title or Regulatious are h.'reby amend,'d to
<br />conform thereto,
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<br />Thl' covenallts herein contained shall bind, and the henefits and advantages shall inure tel, the
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