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<br />83- u02701
<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 />o\ving 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 Pl'emises, 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 />deseribed above. Said supplemental note or notes shall bear interest at the rate provided for in the pdn-
<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 not~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 del'ived 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 rentais 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 eontinnously maintain hazard insurance, of such type or types and amounts as Mortgagee
<br />may from time to time ref!\Iire, 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 canit'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 clauses in favor of and in form
<br />acceptable to the Mortgagee. In e\'ent 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 pa~'1llent for such loss directly to the !lIortgagee instead
<br />of to the Mortgagor and the Mortgagee jointly, and the insurance proceeds. or any part thereof,
<br />may be applied b~' the Mortgagee at its option either to the reduction of the indebtedness hereb.\' secured
<br />or to the restoration or repair of the property damaged. In ewnt of fon'c1osure of this lllortgage, or other
<br />transfer of title to the 1ll00'tgaged p;'operty in extinguishment of the indebtedness sl'eured hereby, all
<br />right, title and intere>st of the Mortgagor in and to any insurance polici"" then in force shall pass to the
<br />purchaser 01' grantee.
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<br />10. As additional and collateral security for the payment of the note dl!snibt'd. and ,Ill sums to become
<br />due under this mortgage, the Mortgagor hereby assigns to the Alortgagee all lease bonnses, pl'ol1ts, 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 ])]'cmises, with the right to receive and receipt
<br />for the same and apply tlwm to said indebtedness as wdl before as after default in the conditions of this
<br />mortgage, and the ;\Iortgagee may demand, sue foraud 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 void upon
<br />release of this mortgage.
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<br />11. He shall not commit or permit waste; and shall maintain the properly in as good condition as at
<br />present, reasonable weal' 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 oJ Mortgagor. Any amounts paid
<br />tliereflll' 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 aftc'r demand.
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<br />12. If the premises, or any part thereof, be condemned under the power of eminent domain, or
<br />acquired for 1\ public use. the damages aWl\rded, the proceeds for the taking of, or the considemtion 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 Mortgagee, and shall be paid forthwith to said Mortgagee, to be
<br />applied on account of the last maturing installments of such 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 conditions 01' agreements contained in this mortgage, 01' 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 />nCS!l hereby secured, including the cost of extending the abstract of title from the date of this mort-
<br />gagll to the, 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 insurance of the indebtedness seem'ed hel'eby, all of which
<br />smuI beincluded in the decree of foreclosllre.
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<br />W Ifthl\Jnde4~dnel>s secul'edhereby be guaranteed 01' insured under Title 38, United States Code,
<br />Sllcll Title and ReIDllaijonslliiSued thereunder and in effect on the date hereof shall govern the rights, duties
<br />allJil;~bmt.i~{)tille]n\l1;iel)he,reto; alld any provisions of this or other instruments executed in connection
<br />wl~hljAili, 'ndellt&Qncils which are InconsiStent with. said Title 01' Regulations are hereby amended to
<br />CQpt~t,h~eto,. .
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<br />'lihecovelUillt.s nel'eill contained shan bind, and the benefits and advantages shall inure to, the
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