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<br />6. If he fails to pay any sum or keep any covenant provided t'or in this mortgage, the Mortgagee, at
<br />its option, may pay or perform the same, and ail 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 />fm• in the 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 fm• the a-teration, 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 ot• 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 1ortgagee and Mortgagor. bailing to agree on the maturity, the whole of the sum
<br />or sums so advanced shall be clue 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. 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 ease 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 6e 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 x•entals therefrom; the balance
<br />remaining, if any, to be applied toward the discharge of said mortgage indebtedness.
<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 (¢) 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 lIortgagee and the policies and renewals thereof
<br />shall be held by the.Mq;~tgagee and have attached thereto loss payable clauses in favor of and in form
<br />acceptable £o`,t i~'14 ~a~ee ~'Ynfei±, , of loss Mortgagor will give immediate notice by mail to the Mort-
<br />gagee, «hq m~~~~ot made promptly by Mortgagor, and each insurance company con-
<br />cerned rs here y ed to make payment for such loss directly to the lIortgagee instead
<br />of to the lortgagor and the llm•tgagee jointly, and the insurance proceeds, ar any part thereof,
<br />may be applied by the Mortgagee at its option either to the reduction of the indebtedness hereby secured
<br />ar 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 />purchaser or grantee.
<br />10. As additional and eallateral security for the payment of the note described, and all sums to become
<br />due undex• this mortgage, the Mortgagor hereby assigns to the lIortgagee 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 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 bafore as after default in the conditions of this
<br />mortgage, and the lIortgagee 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 !s to terminate and become mill and void upon
<br />release of this mortgage.
<br />11. He shall not commit ar permit waste; and shall maintain the property in as good condition as at
<br />present, reasonable e-ear and tear excepted. Upon any failure to so maintain, 11a•tgagee, at its option,
<br />may cause reasonab}e 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.
<br />12. If the premises, or any part thereof, be condemned under the power of eminent domain, or
<br />acquired for a public use, the damages awarded, i}re proceeds for the taking of, or the consideration fot•
<br />such acquisitimt, to the extent of the full amount of the remaining wtpaid indebtedness secured by this
<br />mortgage, or hereby assigned to the Mortgagee, and shall be paid forthwith to said Mortgagee, to he.
<br />applied on account of the last maturing installments of such indebtedness.
<br />13. If the Mortgagor fails to make any payments when due, ar to conform to and comply with any
<br />of the conditions m• agreements contained in this martgage, or the notes which it secures, then the
<br />entire principal sum and accrued iuterest shall at once became due and payable, at the election of the
<br />lIortgagee; and this mortgage may thet•eupou be foreclosed immediately for the whole of the indebted-
<br />ness hereby secured,ineludiug the cost of extending 'the abstract of title from the date of this mort-
<br />gage to the time of cammerrcing such suit, a reasonable attorney's fee, and any sums paid b1- the Veterans
<br />Adtnin;stration on account of the guaranty or insurance of the indebtedness secut•ed hereby, all of which
<br />sha}1 be included in the decree of foreclosure.
<br />1~. If the indebtedness secm•ed hereby be guarantc-ed oe° insured tinder Title 38, I;nited SC<ites C1ode,
<br />sttch:Title and Regulations isslted thereunder and in effect on tlxe date hereaf shalt govern the rights, duties
<br />aid habil_z'ties_of the pat-tie~ hareto, and any ptvlvisions of t}ris or ather instrunte.nts executed Sn conrxuctian
<br />vui~l;t_ttaid. indobtednesa which- are inconsistent wit}x said Title or Regulations are hereby tunended to
<br />Conform thereto.
<br />'The cuvenatlts hor•ein contained shall bind, and the beret}ts and advantages shall inure to,
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