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<br />83- 005083
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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 011 the above note, shall be secured hereby, and shall bear interest until paid at the rate provided
<br />fOl' 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 MOI'tgagor'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 note8shall be secured
<br />hereby on a pal"ity with and as fully as if the advance evidenced thereby were included in thenoteftrat
<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 Mprtgagec and Mortgagor, ~'ailing 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 mOl'tgage or the said note, all the rents, revenues and income to be derived from the mort-
<br />gaged p"'emises 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 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 iime require, on the improvements now or hereafter on said premises and except when
<br />payment for all such pt'cmiums 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 attsched thereto loss payable clauses in fsvor 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 />cel'lled is hereby authori.ed and directed to make pa)'ment for such loss directly to the Mortgagee instead
<br />of to the Mortgagor and the Mortgagee jointly, and the insurance proceeds, or any part thereof,
<br />ma:,' be applied by the Mortgag(", at its option either to the reduction of the indebtedness hereby secured
<br />01' to the restoration 01' repair of the property damaged, In event of foreclosure of this mortgage, or other
<br />transfer of title to the mortgaged p,'operty in ,'xtinguishment of, the indebtedn,'ss secUI'ed hereby, all
<br />right, title an,l interest of the Mortgagor in and to any insurance policies then in force shall p8llS to the
<br />purchaser or grallt"",
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<br />10. As additional alld collatcral seeunty for the payment of the note destribed, and all snms to become
<br />due under this mortgage. the Mortgagor hercuy assig ns to the Mortgagee all lease bonuses, prollts, reve-
<br />nues, royalties, nghts, ,!l1l1 other benefits acauing to the Mortgagor under any and all oil and gas leases
<br />now, or during tne life {If thi:s mortgage, exet.:utcd on said pl'€mises. with the right to receive and receipt
<br />for the same and apply them to said indeutelhwss as wdl 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 shail 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 I\ot commit or permit waste; and shall maintain the property in as good condition as at
<br />present, reasonable ,,>ear and tear excepted, Upon any failuI'e to so maintain, Mortgagee, at its option,
<br />may cause reasonallic maintenance work to be performed at the cost of Mortgagor, Any amountB paid
<br />therefor by Mortgage", 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 aud 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, or
<br />acquired for a public lise, the damages awarded, the proceeds for the taking of, or the consideration for
<br />such acquisition, to the extent of the fuil 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 ll\St 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, or the notes which it secures, then the
<br />entire principal sum and accrued intel'Cst shall at once become due and payable, at the election of the
<br />Mortgalfee; and this mortgage may thereupon be foreclosed immediately for the whole of the indebted-
<br />ness hereb)' secured, including 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 fee, and all>> sums paid by the VeterlUll!
<br />Administration on account of the guaranty or insurance of the indebtedness secured hereby, all of which
<br />shall be included in the decree of foreclosure.
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<br />14. If the indebtedness secured hereby 00 guarantc>ed or insured under Title 38, United States Code,
<br />slIch Title IInd Regulations i5Sued thereunder and in ell'ect on the date hen'of shall govern the rights. duties
<br />and liabilities of the 1'1I11Jes hel'eto, and an:,' provisions of this or other instruments executed in connection
<br />with lUlid indehtedne.ss which are inconsistent with said Title or Regulations are hereby amended to
<br />el>llfol'm thertlto.
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<br />TIlt' COWllants lwrcill ("'Iltaillcd shall bind, and the bendlts and advantages shall inure to. th,.
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