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<br />&. If he fails to pay any sum or keep any covenant provided for in this mortgage, the Mortgagee, at
<br />its option, may pay or 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.
<br />r. Ugen request of the i1~Iortgagee, 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 it4ortgagor's request ; ar for maintenance of said premises, or for taxes or assessments against the
<br />same, and far any other- purpose elsewhere authorized hereunder. Said note ar notes shall be secured
<br />hereby on a parit}• 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 shah be payable in approximatel_r-cqual monthly payments for such period as may
<br />be agreed upon by the itiiortgagee and Mortgagor. Failing to agree on the maturity, the echoic 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.
<br />8. He hereby assigns, transfers and sets over to the Mortgagee, to be applied toeaard the payment of
<br />the rote and all sums secured hereby in case of a default in the performance of any of the terms and condi-
<br />lions of this mortgage or the said note, all the rents, revenues and income to be derived from the wort-
<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 lire purpose of renting the same and col-
<br />letting the rents, revenues and i acome, and it may pay out of said incomes all necessary commissions and
<br />expenses incurred in tenting 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.
<br />9. Fie will continttousiy maintain hazard insurance, of such typo or types and amounts as Mortgagee
<br />may from time to time req:,ire, on the improvements noev or hereafter on said premises and except when
<br />payment far all such premiums has theretofore been made corder (¢) of paragraph 2 hereof, wilt 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 anil :renewals thereof
<br />shall be held by the \ior•tgagee 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 notice by mail to the Mart-
<br />gagee, who may make proof of lass if not made promptly by Mortgagor, and each insurance company con-
<br />cen•ned is Hereby authorized and directed to make payment for such lass directly to the Mortgagee instead
<br />of to the yortgagor and the 1ortgagee jointly, and the insurance proceeds, or any part thereof,
<br />may be applied by the Mortgagee at its option either to the reduction of Lhe indebtedness hereby secured
<br />ur to the restoration or repair of the property damaged. In event of foreclosure of this mortgage, or other
<br />transfer of title to the rnartgaged property in extinguishment of the indebtedness secured hereby, al]
<br />right, title and interest iFf Lhe Mortgagor in and to any insurance poiiaies Lhcn in force shall pass to the
<br />purchaser yr grantee.
<br />lU. As additional and coltaterai security far the, pa}anent of the note described, and all sums to become
<br />due under this mortgagr*, lire Mortgagor hereby assigns to the Mortgagee alt lease bonuses, profits, rove-
<br />. Hues, royalties, rights, attd other benefits accruing to the ;Mortgagor unclcr any and alt oil and gas leases
<br />now, ar during the. life <,f this mortgage, executed ou said premises, evith the right to receive and receipt
<br />for the same and apply them to said indebtedness as well before as after dctfault in the conditions of this
<br />mortgage, and the 31ot•tg:rgc~y may demand, sue far and recover any such payments when due and pay-
<br />able, but shall Hat }x t•clairvcl so to do. This assignment is to termitrate and became null and void upon
<br />release of this'mortgag+~.
<br />11. He chalk not commit or permit waste; and shall maintain the property in as good condition as at
<br />prti'tsent, reasmrable wear anal tear excepted. Upon any failure to so maintatn, Dlortgaga_e, at its option,
<br />may cause reasonable maintenance work to be performed at the. cost of Mortgagot•. Any amounts paid
<br />therefor by Mortgal;c'e shall ix>ar interest at the rate provided far in the ]principal indebtedness, shall
<br />thereupon become a part of lire indebtedness secured by this instrument, ratably and an a parity with all
<br />other indebtedness secured hereby, and steal) be payable thirty (30) days after demand.
<br />12. If the premises, ar any part thereof, he condemned under the power of emiuent domain, or
<br />acquired for a public use, the damages awarded, the proceeds for the taking of, ar the consideration far
<br />sash acquisition, to the extent of the €ui3 amount of the remaining unpaid indebtedness secured by this
<br />mortgage, or herebp assigned to rite Mortgagee, and shall be paid forthwith to said Mortgagee, to be
<br />applie<1 on account of the last maturing installments of Such indebtedness.
<br />1&. If the lortgagor fails tb make any payments when due, or to conform to and comply with any
<br />of the conditions or agreements contained in this mortgage, <pr the notes wicich it secures, then the
<br />entire principal sum and accrued interest shall at once become due and payable, at the election of the
<br />:Mortgagee; and this mortgage may thereupon be foreclosed immediately far the whole of the indebted-
<br />ness hereby secured, including the cost of extenriing the abstract of title frorn the date of this mort-
<br />gage to the Lime of commencing such sort, a reasonable attornc>y's fee, and any rums paid by bhe ~-`eterans
<br />Administration on account of the guaranty ar insurance or" the indebtedness secured hereby, all of which
<br />shall bu included in the decree of foreclosure.
<br />F4. I# the indebtedness secured hereby be guaranteed ar insured under Title 3F1, Linited Stztes Code,
<br />sna:h TtUe and Iiegrtlations issued. thereunder and in effect or, tt;:.~ ,late hereof alto}} govern. the rights, riuties
<br />and Naha€ities of the paTtieshereLo, and any provisions of this ar other instruments e•xe~c;uted in eonnectian
<br />with sitid indebtedness which are inconsistent with said Title or I.egutations are here}±y amended to
<br />conform thereto.
<br />The covenants herein contained shat] bind, artd the benefits and .idvantagrs shat, inure to, the
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