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<br />83-002531
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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 opmon, may payor perform the same, and all expenditures sornade shall be added to the principalsuni
<br />owing on the above note, shall be secured hereby, and shall bear interest until paid at the rate provided
<br />for inthe.principal indebtedness.
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<br />". Upon request of the Mortgagee,Mortgagor shall exeeuteanddeliver a supplementalnote or notes
<br />for the sum or SUIIlll advanced by Mortgagee for the alteration, modernization, or improvement made at
<br />the MortgagQr's request; or for maintenance of said premises, or for taxes or assessments against the
<br />sam~, and forany other purpose elsewhere authorized hereunder. Said note or notes shall be secured
<br />hereby ona parity with and as fully as if the advance evidenced thereby were included in the note tlrst
<br />deseribedabOve. Said supplemental note or notes shall bear interest at the rate provided for in the prin.
<br />cipalindebtedness and shall be payable in approximately equal monthly payments for such period as may
<br />be agreed upon by the Mortgagee and MortgagQr. Failing to agree on the maturity, the whole of the sum
<br />or SUIIlll so advanced shall be due and payable thirty (30) days after demand by the Mortgagee. Tn 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 perfonnance 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 rt'.main unpaid; and the Mortgagee
<br />shall have power to appoint any agent or agents it may dt'sire 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 />remai,ning, if any, to be appliL'll toward the discharge of said mortgage indebtedness,
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<br />!!l, He will continuously maintain hazard insurance, of such type or types and amounts as M01.tgagee
<br />may from time to tUne rfflllire, on the improvements now or hereafter on said premises and except when
<br />payment for all such premiulIlll has theretofore been made under (a) of paragraph 2 hereof, will pay
<br />promptly when due~ny premiulIlll therefor, Upon default thereof, Mortgagee may pay the same. All
<br />insurance shall be earril'll 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 dauses in favor of and in form
<br />a("Ceptable to the Mortgagee, In event of loss Mortgagor will give imnll'diatl; notice by mail to the Mort-
<br />gagee. who may make p1'oof 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 directl~' to the Mortgagee instead
<br />of to the Mortgagor and the Mortgagee jointly, and the insurance proceeds, or any part thereof,
<br />may be applied by the Mortll"ageeat its option either to the reduction of the indebtedness hereby sl'Cured
<br />or to the restorat,lonor repair of the property damaged, In event of forl'cJosure of this mortgage. or other
<br />transfer of tWe toJlu! mortgaged propert:;- in extinguishment of the indebt"dness sl'Curt'd hereby, all
<br />right, title and interest of the Mort.gagor in and to any insurance policies then in 1'01'1'(' shall pass to the
<br />purchaser or grantee.
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<br />10, As additional and collateral s""urity for the payment of the note lksLTibed, and all slims to become
<br />due under this mortg:\ge, the Mortgagor hereby assigns to the Mortgag<'>' all lease wnuses, profits. reve-
<br />nues, royalties. rights. and other benefits accruing to the Mortgagor under any and all oil and gas leases
<br />now, Qr dul"ing' the life of this mortgage, executed on said premises. with the right to l'e(:~ive and receipt
<br />for the same aud apply them to said indebtedlll'SS as well b<:forc as after default in the couditioull of this
<br />mortgage, and the Mortgage., may demand, sue for and recover any such paymcllts wheu due and pay-
<br />able, but shall not be retlui!'l'il so to do, This assignllll'nt is to terminate and become null and void upon
<br />release of this mortgage,
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<br />n, He shall not eommit or permit waste; ,HId shall maintain the property in as good condition as at
<br />preoont, reasonable wear and teal' .'xcepted. Upon any failure to so maintain, Mortgagee, at its option,
<br />may cause rl!asonablc maintenance work to be performl,<i at the cost of Mortgagor, Any amollnts paid
<br />therefor by Mortgagee shall bear interest at the rate pl'ovided for in the principal iUdebtedness, 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 powet' of eminent domain, or
<br />acquired for a public use, the damages awarded, the procClc'lls for the taking of, or the considl'ration for
<br />sueh acquisition, to the extent: of the full amount of the remaining unpaid indebtedness secul'e<1 by this
<br />mortgage, or hereby assigned to the Mortgagee, and shall be paid forthwith to said Mortgagl'c, to be
<br />applied on account of the last maturing installments of '!ueh indebtedness,
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<br />13. If the Mortgagor fails to make any payments when due, or to conform to and comply with any
<br />of the ~onditions or agreements contain"" in this mortgage, 0" the notes which 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 />neas hel'l/by secur.~, including the cost of extending the ab'!trad of title from the date of this mort-
<br />~JiQ.Ule time of commencing such suit, a reasonable attorney's fee. and any sums paid by the Veterans
<br />Administration on account of the guaranty or insilrance of the indebkdncss s"cllt'ed IWI'"by, ail of which
<br />shaUl1e inclnded ill the d('Cree of fOl'CC10llure.
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<br />. ..14,lftheJ.lidebtedn_ll\!Cured hereby- be guaranteed or insured under Titlc 38, Unit(,d Statl!S Cod.'.
<br />~'l'l~andn~tiOl\llJ8al!edthereunder and in efft'CtOll the date hm>of shall govern the rights. dutic~
<br />Ol.fJilllJl11~[eaotthepm;ieahereto, 8.ndanyprovisiOM of this or other instrument'! C)wcutt'<l in connection
<br />wlth.lIlt.idi~ whlehare ineonai$tent wit.h said Title or Regulation., are hereby amendl,,1 to
<br />~wm~.
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<br />.The. eo\'t!nantaherein COfItained lIhall hind, and the benefits and advantages shall !nUl'" to. the
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