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<br />tllIS InUeOteunt'::Jllt. eJU::t:'pL WUCH IlU.Jl.lH.;:U'" H'" UU .........U ."'.....U.... .u...... ~u_~_~v_'r___
<br />graph ~ hereof. and he wiH !Jl"umpt.iy deli ver the uffidi1.; Lel....-;ipts thcI(:foT tv the :.WL'tgiiK"f:c. In J~fauit
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<br />thereof the Mortgagee may pay the same,
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<br />84 -002919
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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 prineipal 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 01' sums advanced by Mortgagee for the alteration, modernization, 01' 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 elsewhel'e authorized hereunder. Said note 01' 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 oasmay
<br />be ag'l'eed upon by the Mortgagt.'e 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 ahove.
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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 s,,,u1'('d 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 du,'illg such time as the mortgage indebtedness shall remain unpaid; and the Mortgagee
<br />shall have power to appomt any agent or agents it may desire for the purpose of renting the same and col.
<br />lecting tile rents, reyenu"S and illcome, and it may payout of said incomes all necessary commissiol18 and
<br />expenses inmrred in renting and managing the same and of collecting rentals therefrom; the balance
<br />remaining. if any, to he llflpli,'d toward the discharge of said mortgage indebtedness.
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<br />9. He will ,'ontin"""sl,' maintain hazard insnrance, of such type or types and amounts as Mortga~
<br />may from time to time f("(luirf'. tin the improvements now' or hereafter on said premises and- except \vhen
<br />pannent for all such flrpmlllms has th'Jretofore been made under (a) of paragraph 2 hereof, will pay
<br />promptly wn,'" due any pn'nllums therefor, Upon default thereof, Mortgagee may pay the same. All
<br />""umnc" shall b,' ear\'l",j In companies approved by the Mortgagee and the policies and renewals thereof
<br />shall be Iwld by th,> Mortgag<>e qat! have attached thereto loss payable clauses in favor of and in form
<br />aeceptable to the l\!ortgag<>e. In i'w'nt of loss Mortgagor will give immediate notice by mail to the Mort-
<br />gagf>-e. who may nUt.kp fW()of of lo&~ if not ,nade promptly by Mortgagor, and each insurance company con-
<br />"..med is Iwn'by autnonzpd and din't"tpd to make payment for such loss directly to the Mortgagee instead
<br />of 10 the ~lortgagor 'illd II", ~lortgagee jointly, and the insumnce proceeds, or any part thereof,
<br />IIlay be appln.d by the MOl'tgaw<, at it.s option eiiher to the reduction of the indebtudness hereby secured
<br />,>I' to the n'storation or rep."" "f the prop<,rty damaged, I n event of foreclosure of thia mortgage, or other
<br />transfer of till,' to tlw lllo"!Kllged prop<'rty in extinguishment of the indebtedness seeured hereby, all
<br />rigJlt, titll' and int"..,'st of Ill<' ~Iol'tgllgor in and to IIny insurance polici"s then in force shall pass to the
<br />purchaser or )(rantet'.
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<br />10, As additional ,wd ,ollat('ral se('urlty for the payment of the note desel'lbed. and all sums to become
<br />du~~ under this m(!rtgagt~. the ~'1vrtg-ajCOr hen~by assigns to the l\Iortgng~\f' aU iease bonuses, pJ-ofits, reve-
<br />nues, royalties, l'ights. and othe.. benefits acenHng to the Mortgagor nnder any and all oil and gas leases
<br />now, or during tne hf.. of this. mortgage. l'xeeult'd on said prelui.ses. with the right to receive and rece.ipt
<br />fo.. lh,' same and appl\' them t" ,aid indebtedness as wHlI before :ulllfter default in the conditions of this
<br />mortgage. and tilt' j.lort~.(lgf.'{' may dt'nland. sue for and reeovpr a.ny such payments when clue and pay-
<br />able, but ,hall not be ""lllin'd so to du, This assignment is to terminate and become null and void upon
<br />I'please of this mortl(age.
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<br />t 1. He shaH not ~'(Hnrnit. nf Iwrtmt wastt~; and shaH maintain the pr1Yf,)erty in as good condition as at
<br />prcsBut, rtlHsonahle weMr and tear l:'xc{'pted. Upon auy failure to 50 maintain. Mortgagee, at its option,
<br />may cause l'l'asonlll,I" IIlll111l\'nilllce work to he perfol'lned at the cost of MOl'tgllll'Ol', Any lImounts paid
<br />th,'refor by MOl"tgag('t' .hall helll' lIlt..r",t at the rllte prOVided for in the prllll'iplll indebtedness, shall
<br />ih"1'..l1t\lU1 ht.cnnw H !lart, (if tht" ind(~btt.1l(ines..'i s(>{"ured by this instrument l'gtnhlv .qnd ('m 0. TL"1ritv u~it:h ..II
<br />;;th;,;:'i~d-"bt,"in"';" Sl~'lln'd h,'n'hy, and shall be payable thirty (HO) day~ after ;Iem'a'mi: ~ ,'m nJ '0.... ~u
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<br />12. If the pn~mit'Ps. or any part thert'of. be eondenlned under the p(J:\vor of eminent domain, or
<br />",'quired for a pllbh,. nse, lh,' damag"s awarded, the pron,,'tls for t.h,' taking of. or the eonsideration for
<br />such at.-quisition. to tht: eXh'ut uf the fuB amount of the remalJung unpaid jndpotedut'8S secured by this
<br />mortgagt', 01' hen'h,o a&S'~('<l to the Mortgagt'e, and shall be [,,,id fOI.thwith to ,;;\,,1 MOl'tgal,'Ce, to be
<br />applied on at'CHurn IIf tht, l.a.st Ina.tul'lIlg installments of such indt"bt.~dn('.ss,
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<br />13. If the )hwlg.-ag-or fa.il.s to make any payments when due. or to conform to and comply v.dth any
<br />of t.h{~ (;omhtiOlls, or a,gn-<t3m~'nts t.:outa!!H:"O(J in this mortg-uge. or thp nu.h's \rhith it set'un~s. th(m the
<br />f>ntin,~ princ!paJ sum and tv.:Cl"ut'ti interest shaH at once tl(~enn1C due and puyahlf'. at the el~('tion of the
<br />Mt)rtgag~; and thlfi rnurt-gage rnuy thereupon be fnrt-'c1osed imn1t;'diatdy for th(~ whol.(' of the indebted-
<br />neSS here-b)" ,AA'!(;u[\'d. \lldudjul{ t.he co~t (If \1xt<<.nding the: ab~tni.ct of title from tlw dHte of this mort-
<br />gage to the timt.' of t'nnlm(7'Hemg such .suit, a re"asonnbl(' attot"twy'}i, f(:,f'. and BIlY ,'.;um:-. paid by UH.' Vl.'teruns
<br />Admjniatra1ion on m:xuunt of the guar}tuty or InSUrHllf.'f' of the indehh'dth';';~ :;;'f'<,'un.d !It-'I't.hy, ail of which
<br />shall be indud",; in the df",rf'C of for"closure,
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<br />lit. If tht.~ jndf'btP.(hlt"~q.8 &~"'CtH.('d Jw'r'eby h_.- KlUu'antp(:,d or ill.liun.d \I1Hkr Titlt, :~X, 1 ~nltf'd Slnlt'loi (~{j(lt'.
<br />"wh Tlti" nntl Regulation" i""",,o thN',>ull<ler au,l in ,'IT,...t ..11 till' ,1<<1<' Iw",'of sludl gO\,('!'f1 Ilw ..."ht", ,lilt"'"
<br />nnd Hti.biHtif~3 of thf' partif"8lH.~rt~t{). and any provl.s.ions. f-,( One; n!' othN' Pl~tnm:H'nt~ n;..'('utet'! in cnmn't,'twtt
<br />with did indebt.ednes8 which HI'~ jncongi~tent \"'<"Jth gaid Title or H(,:g'ulntiuns :fro ht>n:>hr amenofN.i tu
<br />""Iliorrn t,h<!rel<l.
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<br />.:th~ ~lVurul;nts ftf:\rt""ttl eontttined :':lhuU bw-d. and th(l t~tH'.'ilts find Iltlvl'tntagf\'" ~haH lIHlf"t' tn. thi'
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