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<br />006182
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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 payor perform the same, and all expenditures so made shall !yo 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 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/she hereby assIgIlS, transiers 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 />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 inculTed 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/she will continuously maintain hazard insurance, of such type or types and amounts as
<br />Mortgagee may from time to time require, on the imp!" <',''',""",ents now or hereafter on said premises and
<br />except when payment for all such premiulll!< ht<S th,,"<)~<"';:;.jj "een mad,- <ci.1lder fa) of pamgraph 2 hereof,
<br />will pay promptly when due any premium;: the!'ef",~' Jpon defilult thereof, Mortgagee may pay the same.
<br />All insurance shall be carried in companies approved by the Mortgagee and the policies and renewais
<br />thereof shall be held by the Mortgagee and have attached thereto loss payable clauses in favOr of and in
<br />fonn acceptable to t.'Ie Mortgagee, L'1 event of lOllS .Mortgagor will give immediate notice by mail to the
<br />Mortgagee, who may make proof of loss if not made promptly by Mortgagor, and each insurance company
<br />concerned is hereby authorized and directed to make payment for such loss directly to the Mortgagee
<br />instead of to the Mortgagor and the Mo~agee 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 indebtedness herebyllecured
<br />or to the restoration or repair of the property damaged. In event of foreclosure of this mortgage, or other
<br />transfer of title to the mortgaged property in extinguishment of the indebtedness secured hereby,aIl
<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 1Ilortgagor hereby assigns to the Mortgagee all lease bonuses; profits, reve-
<br />nues, royalties, rights, and nther benefits accruing to the Mortgagor under any and all oil and gllsleases
<br />no\\', or during tne life of this mortgage, 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 oftliis
<br />mortgage, and the l\1ortgagl'e !!lay demand, sue for and recover any such payments when due and pay.
<br />auk, but shaH Illlt be l'<'ljuil'<.d so to do, This assignment is to terminate and become null and void upon
<br />release of this n1ortgage.
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<br />11, He/she shall not commit or pennit waste; and shall maintain the property in as good condition as at
<br />present, reason"ul" wpar and kar execpted, Upon any failure to so maintain. Mortgagee, at its option,
<br />may cause I'f'as,mabi(' IWlilltulUnce work to be performed at the cost of Mortgagor, Any amounts paId
<br />lhere!or by Mortgagee shall lwar interest at the rate provided for in the principal indebtedness, shall
<br />tht'l'<'llpOn b,','ome 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 after demand.
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<br />12. If the premises, Dr any part thereof. be condemned under the power of eminent domain, or
<br />ac,-!uin'd for a publ", use, ttw damages awarded, the proceeds for the taking of, or the consideration for
<br />such aCljuisition, to till' t'xl,'nt of the fuli amount of the remaining unpaid indebtedness secured by this
<br />mOI'tgage, or (1<'I'<,b\' >lssiglwd to the Mortgagee, and shall be paid forthwith to said MOI1;gagee, to be
<br />applied Oil aeeoullt ,,;, th,' la~t maturing- installments of such indebtedness,
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<br />i:{. It' thtO j.1ongagi.jl" fad:; tG IrHd~t. :..:.nv p~yrn0nt.s ,"vhen due; or to eonfOl'm to and conlply with any
<br />of th~ u..m.d!titn!.~ tIt ';:IgT,:"'Hll'ilf:-; '"tiut.ajned in this frH)l't).!a~e. 01" the n,)tes \-rhic.:h it secures, then the
<br />('ntirt~ prin:.:ipai ~Uln ~nd ;{cenwd inte!'t'si shaH at on~~e become due and payable., at the election of the
<br />~l!l/'tl(ag..e; and Hns fnnngag<' may thereupon b" foreclosed immediately for the whole of the illdebted-
<br />n.\s~ lwn--'by St-'{'Ufdl. indudin)r the tost of extpuding the abstract of title fl"fHil the- d,ltc of this mort-
<br />gage to tht1 tinle of cummerH,'ing such suit, a n-'asonabh,~ attorney's f(l~:\ and auy .sU111S flUid by the Vt~terans
<br />AdnuniMxatic'n 1,lll an.'ount cd' tfH" ~nU1ranty 01' insurance of the indpblettutc'SS :.wt:ured hereby. all of \'lhich
<br />,~hall be lI\dndl'd in the det'n;e of f"r"dosul'e. '
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<br />}.j, If th.. ind..btedness se,'ur,'d her'eby b,' guarant,-,t'd "I' ill.'1m,d und,'1' Titl<' ;)8. Unit"G States Code,
<br />"ll<'h Till,' and r",gulntions issued lhel'(,lll1d!-'l' Ilnd in <,!f"ll nil lb.' dal<> h..,','of shall goverll the rights, duti(-'s
<br />Rnd Hahihttf:!s nf Hw f1k\rt1{)S h~n:-to. and any provisions of this nr <JtJH1t' instrurnents (lx(~euted in (~onne(~tif)n
<br />"!Ill ><llid indebtertnesg whkh '11''' in''1'tlsist"nt with ~aid Title "r Regulllti()n~ are !u"rebv arm'llded to
<br />coufortil tnttr-eto. . .
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