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<br />84 --.. 002646
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<br />6. If he/she fails to pay any sum or keep any covenant provided for in this mortgage, the Mortgagee, at
<br />its option, may pay 01' 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 shaii bear interest until paid at the rate pwvided
<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. 01' improvement made at
<br />the MortlralrOr'S request; or for maintenance of said premises, or for taxes 01' assessments against the
<br />same, and for any ~ther 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 periodaamay
<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 />S. He/she 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 llny 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 purpose of renting the same and col-
<br />lecting the rents, rev('nues and Income, and ~t may payout oi said incomes aU necessary t.:onufiissions and
<br />expenses incurred in l'l'nting 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/she will continuously maintain hazard insurance, of such type or types and amounts as
<br />Mortgagee may from time t<> time require, on the improvements now or hereafter on said premisa and
<br />except when payment for all such premiums has theretofore been made under fa) of paragraph 2 hl!l'l!Of,
<br />will pay promptly when due any premiums therefor. Upon default thereof, Mortgagee may pay the same,
<br />All insurance shall be carried in companies approved by the Mortgagee and the policies and renewala
<br />thereof shall be held by the Mortgagee and have attached thereto 10llll payable clauses in favor of and in
<br />form acceptable to the Mortgagee. In event of loss Mortgagor will give immediate notice by mail to the
<br />Mortgagee. who may make proof of loss if not made promptly by Mortpgor; and each insuranee company
<br />concerned is hereby authorized and directed to make payment for such loss directly to the Mortpgee
<br />instead of to the Mortgagor 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 indebt.edneu herebyaecured
<br />or (.0 the restoration or repau of the property damaged, In event of foreclosure of this mortgage, or other
<br />transfer of title to the mortgaged property in e..xtinguishment of the indebtedness secured hereby, all
<br />right, title and interest of the Mortgagor in and to any insurance policies then in force shall p818 to the
<br />purehaaer or grantee,
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<br />10, As additional alld ."Hatem; security for the payment of the note described. and all sums to become
<br />due under this mortgage. th" Mortgagor hereby assigns to the Mortgagee all lease bonuses, profits, reve-
<br />nues. royalties, rights, and ,)ther bene/its accruing to the Mortgagor under any and all oil and gaa leases
<br />now. or during tne life of this mortgage, executed on said premises, with the right to receive and receipt
<br />for the same and apply tb.'1ll to said indebtedness as well before as after default in the conditions of this
<br />mortgage, and the Mortgag.." may dellland, Sue for and ret'owr any such payments when due and pay-
<br />able, but shall not be ",'quin'd so to do, This assignment is to terminate and become null and void upon
<br />relt.'asc of this mortgage.
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<br />11, He/she shall not commit or penuit waste; and shall maintain the property in as good condition as at
<br />present, ",'asonable weal' and tear .'xcepteti. Upon any failure to so maintain. Mortgagee. at its option,
<br />lllay cause reasonal>l" maintenance work to be performed at the cost of Mortgagor, Any amounts paid
<br />th.'refOl' by' Mortgagee shedI bt'ar interest at the rate provided for in the principal indebtedness, shall
<br />tiwreupon het'onw a pllrt t)f the indebtedness secured by this instrument, ratably and on Ii pal'ity with all
<br />oth('l' ind,'bledness gl'~lH'.>d 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 />acqllln,,1 for a publiC" use, the dllmages awarded. the proceeds for the taking of. 0,' the consideration for
<br />SUdl a~quisition. to the "xtent of the fuil amount of the remaining unpaid indebt"lness secured by this
<br />mo''tgage, or hereby asslgnl,d to the Mortgagee, and shall be paid forthwilh to said Mortgagee. to be
<br />applied on account (if th\:' last mat.urlng lnst;'l.Hu1t.mts of such indebtedness.
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<br />Ii!. If the ~lollgag'or falls to mak,' anv payments when due, or to eonforml,) and comply with any
<br />of the ('Ondltlon-s ,-II" agrl-it'ments cuntainpd iu this murtgagt', t1l' the notes which it secures, then the
<br />~'ntlre print.:ipal sum fUiJ alT-l'uf'd mtt'rt'st shaH at (,net' becume due and payabJi:.~, at the election of the
<br />Mortgagee: ami thIS mortgagl' may thereupon '.It' foreclosed immediately for the whole of th,> indebt"d-
<br />Hes.:; hcreb:.\' s.t',~url.-'d. i)i(lud!ng tiw t'ost of ext-t;ifltiing the abstract of title from the date of this mort-
<br />gage to the time of t'Onlnh~n(:IJlg such suit, a reasonable attor"w.:;y's ft;>~!. Hnd allY sums paid by the Veterans
<br />Adnlinistration Oil UCt:DUflt of the guaranty or insuram:-e of the lndl'uledness ::\i.':',..:un'ti Iwn'b)', all of which
<br />gllaH be included in the dt'-\Tt"l> of foreclosure.
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<br />14, If t.he indebtedness s,'cun'd hereby b" guaran!",'d or '"SIlIl'd under Titl" :\K llnitNI Statt-s Cod,',
<br />suel1 Title and Regulations issued thereunder and ill drec:t 011 tI", dat,. Iwreof shall g'O\,"'n tilt> rights, dlltll's
<br />and liabilities of the Jmrties h(~re-to. and anr pro\'l8.ions of this ot' other ins.trUnlt'llts f'M'Cuted in eonneetion
<br />with Sllid indeblednellS which 11I'e inconsistent wit.h 3llid Title ...,. Reguhltions an. hereby "mended to
<br />contuI'm thereto.
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<br />Th.. rovenant$ hert>in rontamed shall bind, and the h''Ildit.:; 'llld advalti~'g.'s ;;hall !nilI''' to, thl"
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