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<br />S. if he fails to pay any sum or keeg 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 />oeving an the above note, shalt be secured hereby, and. shall bear interest until paid at the rate provided
<br />for in the principal indebtedness.
<br />7, LTpozt requa~t of tbe Mortgagee, Mortgagor.ghall exevnte and deliver a supplemental note or Hates
<br />for the suzrc or sums advanced by'>Yortgagee-for the-alteration, modernization, ar improvement made at
<br />the Mortgagor's request;: or for. maintenance of said, premises, or for takes or assessments against the
<br />same, afcd. fpr any -other purpose elsewhere au#lzorized hereunder, Said Hate or notes shall be secured
<br />herby on a- city wi~:li and as 2"tilIy as if the advance avid need therelsy were included izr the ztaitn first
<br />described above. Said suppleinentat note or notes shall bPPar interest at the rate provided for in the grin-
<br />cipal indebtedness and shalF be payabte in approximately equal monthly payments for such period as may
<br />be agreed upon by the ~[ortgagee and Mortgagor. Failing to agree on the maturity, the whole of the sum
<br />{Ta or sums sa advanced shall be due trod payable thirty (3Ff} days after demand by the Mortgagee. In na
<br />'r°! event shall the maturity extend beyond the ultimate maturity of the note first described above.
<br />~ 8. He hereby seal s, transfers and sets aver to the Mo
<br />~;, gn rtgagee, iu be applied toward the gayment of
<br />,~, the note and all sums seeizred hereby incase 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 mort-
<br />' -gaged premises cluriug such time as the mortgage indebtedness shall re,-nain 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 />~ lectiug--tl'.e rants, 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 crollecting rentals therefrom; the balance
<br />remaining, if any, to be applied toward the discharge of said mortgage indebtedness.
<br />3. lie will continuously maintain hazard insurance, of suctz type or types and amounts as Mortgagee
<br />xzay from time to time require, an the improvements now ar hereafter on said premises and except when
<br />payment for al! such pz~Jniums has theretofore bean made under (a) of paragraph 2 hereof; will pay
<br />prc==raptly when due any premiums therefor. -Upon default thereof, Mortgagee may pay the same. ~tll
<br />insu_*ance shalt be carried in cos. .ies approved by the Mortgagee and the policies and renewals thezeaf
<br />shall be held by thekl4Iortgagee and have attached thereto loss payable clauses in favor of and in farm
<br />aceeptzble m the ~2ortgagee, In event of lass dortgagor will give immediate notice by mail to the &tort-
<br />garee, why may make proof of loss if not made promptly by 3Sartgagor, and each insurance company con-
<br />- cerzzed is hereby authorized and direet2d to make payment far such loss directly to the Mortgagee instead
<br />of to the Mortgagor ani the Mortgagee jointly, and the insurance proceeds, or any part .thereof,
<br />znay be apg?lied by the Mortgagee at its option either to the redaction of the indebtedness lzereby;seciere~
<br />ar to the restorsztion or r--nnair of the property damaged. In event of foreclosure of *-his ziiortg3ge, or other
<br />transfer of ti~te to the znartgageo property in extingtzisl'Wzent of the indebtedness secured hereby, -all
<br />.. right;-title and interest of the Mortgagor in and-tti any insurance policies then in force shall pass to the
<br />purchaser or grantee.
<br />10. As additional and collateral security for the payment of the aofe described, and all sums to become
<br />due under this mortgage, the Mortgagor hereby assigns. to the ~Iartgagee x11 lease bonuses, pmfits, reve-
<br />Hues, royalties, rights, and othez° benefits accruing to thx bortgagor under any and alt ail and gas_less
<br />now, yr during tine life of this mortgage, executed on said premises, zc*ith the z`iglzt fv receive #iid receipt
<br />iar the same and apply them to said indebtedness as wel3 before as after default in the conditions of this
<br />mortgage; and the 3Svrtgagee znay demand, sue far and recover any such payments when due' and peg-
<br />able,-but shall not be required so to do, This assignment is to terminate r,nd became null and-void tipcrn.
<br />release of this mortgage.
<br />11. ~P shalt not commit ar permit waste „and shall maintain the property in as-good eandition as at
<br />present, reasonable wear and tear excepted. Leon any failare tv sa maintain, 3ortgagee, at its option,
<br />may i~ause reasonable maintenance work to be performed at the cost of Mortgagor. Any amounts paid
<br />therefor by Mortgagee shalt bear interest at the rate provided for in the principal indebtedness, shall
<br />thereupon became a part of the indebtedness secured by this instrument, ratably and an a parity tivith all
<br />- other indebtedness secured hereby, and shaII be payable thirty (3tly days after demand.
<br />l2. If the premises, or any part thereof, be condemned under the power of eminent domain, or
<br />acgaired for a pubtic use, the damages awarded, the proceeds for the taking of, or the consideration for
<br />such acquisition; to the extent of the foil amount of the remaining unpaid indebtedness secured by-dais
<br />mortgage, er Hereby assigned to the Mortgagee, and shall be paid forthwith tv said Mortgagee; to be
<br />applied on account of the last maturing installments of such indebtedness.
<br />13> If the Mortgagor fails to make any paymzents when due, or to conform to and comply with.-any
<br />of the conditions or agreements contained in this mortgage, or the notes which it seenres, then -the
<br />entire principal sum and accrued interest shall at once become due and payable; at the- election of the
<br />Brtortgagee; and-this mortgage macy thereupon be foreclosed imnYediatety-far the whole of tize..indebte~i=
<br />-noes- hereby .secured, including tee coat of extending the abstract of title from the datz of thin a€ort-
<br />:gage tv t-ke time of commencing such suit, a reasonable attorney's fee, and -any sums paid Ity the Veterans
<br />Administrat:dn vn account. of the guaratzty or insurance of the indebtedness seeFVred hereby, sit of which
<br />shall be included in tlse decree of fozeolasut+a.
<br />iY. iti ci~e inue'peeanass secureii n+erri~ybe g[aaraiTteec[ ar insured under Title"38, Una States Ccxie,
<br />sucl± Title and ~.egulationa issued thereunder and in effeci oa tl;e ,:late hereof shallgovern 1P6.e rigtits,~uties
<br />oral liabilitiew of the parties hereto, and-anY gravisions of this or i~ther instruments e~caeat"Ed. itY stin{teetaon
<br />with said indebtedness which are rzconaistsnt crtih said Title or R ewlatiozis ere-hereby-amezided to-
<br />caafoi-r thereto:
<br />The caveno,nts herein contained shall Ypind; and the benefits :and advantages shall inure to, -the
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