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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. j11ay payor 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 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 premises, 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 />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 Mortgagee and Mortgagor, Failing to agree on the maturity, the whole of the sum
<br />or sums so ~ldvanced shaH be due and payable thirty (30) days after demand by the :iVIortgagee. 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 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 />3ha.ll have pow€r to appoint any agent or ag~Iit3 it f.nay desjre fur the purpose of renting thE' sanle 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 balan~ll
<br />remaining, if any, to be applied toward the discharge of said mortgage indebt<?dness,
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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 time require, on the improvements now or hereafter on said premises and except \vhEin
<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 carried 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 event of loss Mortgagor will give immediate notiee 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 authol'lzed and "irected to make payment for s..;ch loss directly to the Mortgagee instead
<br />of to the :\Iortgagor and the :\Iol'tgagee jointly, and the insurance proceeds. or any part thereof,
<br />may be applied by the Mortgal{ee at its option either to the reduction of the indebtedness hereby secured
<br />01' to the restoration 01' repair of the pl'Operty damaged, In event of foreclosure of this mortgage, or other
<br />transfer of title to the mortgaged property in extinguishment of the indebtedness secUl'ed 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,
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<br />10. As additional and collateral security for the payment of the note described, and all sums to become
<br />due under this mortgage, the Mortgagor hereby assigns to the Mortgagee all lease bouuses, profits, reve-
<br />nues, royalties. rights, "1ll1 other benellts accruing to the Mortgagor under any and all oil and gas leases
<br />now, or during tne lif,' of this mo.'tgage, executed on said premises, with the right to receive and receipt
<br />for the same and apply them to said indebtedness as well before as after default in the conditions of this
<br />mortgage, and the Mortgllgee may demand, sue 1'01' and recover any such payments when due and pay-
<br />able, but shall not be ""'Iuir,'" so to do. This assignment is to terminate and become null and void upon
<br />release of this mortgage,
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<br />1}, He shall not commit 01' permit waste; and shall maintain the property in as good condition all at
<br />present, reasonable WCar and tear excepted, Upon any failure to so maintain, Mortgagee, at its option,
<br />ma,' cause reasonable maintenauce work to be performed at the cost of Mortgagor, Any Ilmounts Pllid
<br />therefor by Mortgagc'C shall bear interest at the rate provided for in the principal indebtedness, shall
<br />theJ'eupon become a part of the indebtedness secured by this instrument, ratably and on a pa.rity with all
<br />other indebtedness secured hereby, an(l shall be payable thirty (80) 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 use, till' damages awarded, the proceeds for tlle taking of, or the consideration 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 acwunt of the last maturing installments of such indebtedness.
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<br />18, If the Mortgagor fails to make any payments when due, or to conform to and comply with any
<br />of the conditions 01' agn;t:'ments tontained !n this mortgage, 01' the notes which it secures, then the
<br />f..'ntire principal sum aud accrued jntt~l'(\st shaH at once becol11e due and payable, at the elt'ction of tile
<br />Mortgagee; and this mortgage may thereupon be foreclosed immediately for the whole of the indebted-
<br />ness hereby secured, induding the cost of extending the abstract of title from the date of this mor'!-
<br />gage to the time of cOllllllendng sueh suit, a reasonable attomey's fee, and any sums paid by the Veterans
<br />Administration on account of the guaranty or insurance of the indebtedness ",'cured hereby, all of which
<br />sha1l be included in the decr<.... of foreclosure.
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<br />14. If the indehtedness secun'd hereby be guaranteed or insllred under Title 38, tIllited Statt's Code.,
<br />such Title and Regulations issued Ihereunder and in erred 011 t.he date I",rcof shall govern the rights, duties
<br />and liabilities of the parties hereto, and any provisions <>f this or nther instrulllcllts ""ceuted in connection
<br />with said indebtedness which are inconsistent with said Title 01' RegullltiollS are hercby' 1Ul1t'nded to
<br />COliform th"reto,
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<br />The covenants hNdn contained shall bind, and the 1":!l,~llta llnd advantagt.s shall inurc to, the
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