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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 pay or perform the same, and ail expenditures so made shalt be added to the principal sum
<br />owing on the above note, shall be secured hereby, and shall beat• interest until paid at the rate provided
<br />for in the principal indebtedness.
<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 yr 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 ~t ere 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 lortgagee and Mortgagor. Failing to agree on the maturity, the whole of the srm
<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 toward the payment of
<br />the note and alt sums secured hereby incase of a default in the performance nl' any- of the terms and condi-
<br />tions of this mortgage or the said note, all the rents, revenues and income to ba derived from the mort-
<br />gaged premises during such time as Che mortgage indebtedness shall remain unpaid; and the bIortgagee
<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 pay out of said incomes all necessary commissions and
<br />expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance
<br />remaining, if any, to he applied toward the discharge of said mortgage indebtedness.
<br />9. He will continuously maintain hazard insurance, of such type or tti pes and amounts as Mortgagee
<br />mac from time to time require, on the improvements now oi• hereafter on said premises and except when
<br />payment for ail such premiums has theretofore been made under (n} of paragraph ?hereof, will pay
<br />promptly when due any premiums therefor- Upon default thereof, Mortgagee may pap the same. All
<br />insurance shall be carried in companies apptoved by the Mortgagee and the policies and renewals thereof
<br />shall be hell by the Mortgagee and have attached thereto loss payable clauses in favor of and in form
<br />acceptable to the \lortgagee. In event of lass Mortgagor n-ill give immediate notice Uy mail to the Mort-
<br />gagee, who may make proof of loss if nut made promptly by Mortgagor, and each insw•ance company eon-
<br />corned is hereby authorized and directed to make payment for such loss <IirecUy to the Mortgagee instead
<br />of to the \iortgagor 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 tlrc iudebtedncss hereby secured
<br />ue to the restoration ur repair of the property damaged. In event of foreclosure of this mortgage, or other
<br />transfer of title to the ux,rtgaged property in extinguishment of the utdcbtcdness secut•ed hereby, all
<br />right, title and irttet•est of [he ~1ortgagor in and to any insurance policies then in force shall pass to the
<br />purchaser or grantee.
<br />It?. As adrlitianal and collateral security fcir the payment of the note duseribt~d, and all sums to become
<br />due under this mortgage, the 3lot-tgagor hereby rtssigns to the Mortgagee nll lease bonuses, profits, reae-
<br />nues, royalties, rights, and tither benefits accruing to the Mortgaagor under any and all nil and gas leases
<br />now, or during the lifi~ of this mortgage, exectrted ou said premises, tt~ith the right to t-rxeirc and receipt
<br />for the same and apply than to said iudebtedncss as acell bei'nre as offer default in the conditions of this
<br />mortgage, and the Jicrtg:egec Waxy demand, sue far acrd t-ecuvee any such payments tcheu dne and pay-
<br />able, but shall not bo required sv to do. This assigumcnt is to terntinatt- aad become still and void upon
<br />release of this nwrtgagr.
<br />I1. He shall nut commit ~n- permit wasiu; and shall maintain the protx>rt}' in as good condition as at
<br />present, rcasonablc wear and tear excepted. llpon any failuty to sa ntaiutaiu, iloctgagee, at its option,
<br />may cause reasonabic ntaintwuutce work to be tterfartned xt the cost ut ~tortgagor• any untouuts paid
<br />therefor by Mmtgagde shat) bear interest at the rati prutidt~i iur in the principal indebtedness, shall
<br />thereupon become a part of tht: izulebtedness secured by this instruroeut, ratable and ou a parity trit}t all
<br />other indebtedness secured hereby, and shall be payable thirty (at)} days utter demand.
<br />12. ]f the premixes, or any part thereof, be concieamed under the prlwdr of eminent domain, or
<br />acquired for a public use, the damages awarded, the proceeds for Llte talking of, or the ennsidt>ration for
<br />such acquisitiau, to the ex"tent of rho full ucnount of the retraining mrpaici inderbtednoti, secured by this
<br />muttgage, nr"hereby assigned to the Mortgagee, artd shall be paid forthwith to .,aid 't~ka•"t-gager, to be
<br />applied on account of the but maturing installments of such indebtedness.
<br />13. if the Mortgagor fails to make any paymeuis when due, ur io catform to and comply tcitlt an}•
<br />of the conditions ur agreements ciu~txined ut this murtgtge, rn• the notes a`hich it sconces, then the
<br />entire principal snrn aad acta-ued interest shall at sxuN become due and payabk•, art the eltr4lun .,C the
<br />Mortgagee: and this nwrtgage ntay° thereupon bes force--lased inunediately for the tt°huk of the indebted-
<br />ness lu'ebp securt.i?, !ncinding fire cost of extending the abstract ,ri title front the date of this mort-
<br />gage to the time rf romtnertcing such suit, a reascutakric attorney"s lee, and any stuns paid by th« ~'eteratts
<br />Administration un account of the guaranty ur ]rsnrance of the indcFttuaress srcured'rereby, all of sricieh
<br />shall be included in ttte decree of fctrt~t;lnstu•e.
<br />Id. tf the indebteclresc stKUrcd loreby be gwu~a::h>ed an• us+n.~d uaricr'1`itle 38, I;nitcu ,~~± Code.,
<br />such T7ile and ItegttlatiNts i~tiuad thareundc_r° a3td in ellect ott the watt=hereof Shull go~'erre the rt},nte, duties
<br />at)d liabiltiea oB the lwtrtiea hereto„tad am prtrvisions>,: this or other inatruntents exr~cuted in rrnut•ctiou
<br />kith said ind~bteclness which are inconsistent with sold '1"itle ar t.egulnliotts at•r~ hereby auru,ndrd to
<br />eonfot'nc tltereAr.
<br />T~hs.. rnrc~srant_a htrun crntantcnl shall bitul, and tPte ]n=re'#itv :toil artrentlig'rs shall inurr' to. the
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