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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 shall be added to the principal sum
<br />awing an the above note, shall be secured hereby, sad shall bear interest until paid at the rate provided
<br />+~ for in the principal indebtedness.
<br />CSI fi. Capon request of i:he Mortgagee;- Biartgagor shall execute and deliver a supplemental note or notes
<br />for,the sum- ar sums advanced by li~nrtgagee for the alteration, moderrtzatian, or improvement made at
<br />i,
<br />~, the :'°'iortgagor's request, or for maintenance of said prey-Wises, or for taxes ar assessments against the
<br />sue, aid=-any ache= pt~r~°. e~.rrl:ere a+~~Ari?sd lixra,=*_tder. Said-note or Hates shall be urecl
<br />t hereby on ~ parity w•itl> and as fuIIy as if the advance eviclettced thereby weresneluded in the note first
<br />deribetl shave. Said supplasret~tal nat~ ar ~te~ shall bear interest at the rate: provided for in tie grin-
<br />cipal indebtedness :and shall be payable in agprftximately equal monthly payments far such period as may
<br />be agreed upon by the Mortgagee and Mortgagor. Failing to agree on the matertty, the whole frf the sum
<br />,, ar sums sa advanced sha31 be due and payable thirty {30) days after demand by the biartgagee: In no
<br />event-shall-the maturity extend beyond the ultimate maturity of the note first described above.
<br />8. FIe hereby- assigns, transfers and sets aver to the Mortgagee, to be applied toward the payment of
<br />the note and"all sums secured ltEreby in ea€e of a default in the performance o£ any of the terms and candi-
<br />tions of this mortgage or the said note, all the rents, revenues and income to be derived fratn the mart
<br />gaged premises during such time as the mortgage indebtedness shall remain unpaid ;and the Mortgagee
<br />shall have power to appoint any agent nr agents it may desire far the purpose of renting the same and c-ol:
<br />Iecting the rents, revenues and income, and it may pay out of said incomes alI necessary commissions and
<br />expenses incurred 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.
<br />9. IIe will continuously maintain hazard insurance, of such type or types and amounts as Mortgagee
<br />may from tin*.e to time require: on the improvements Haw or hereafter an said premises andexcept n~iien
<br />payment fol# ~h premiums has thcretvfore bs~er. made under (a? of paragraph 2 her~rf: will icy
<br />promptly when flue any premiums therefor. Upaa default thereof; A~ortgagee may- -pay -the -same. All - _
<br />insurance shall be carried, in companies approved by the Mortgagee anal the policies and reaesvals *_heresiff "
<br />snail beheld by the'~Iortgagee and. have attached thereto Toss payable- clauses in favor of and` iif ~arrri
<br />aceegtabie to the t~tortgagee. In event of loss Mortgagor will give~:tediate natieeby .nil}..nthe:Mizrt-
<br />gagee, who may make proof of lass if not made promptly 13y Mortgagor, and each incur&nee enmpany eon-=
<br />carnal is hereby autharizf:d and directed to make payment far such kiss directly to the Mortgagee instead
<br />of to the iYfartgagor and the bortgagee jointly, and the insurance proceeds, ar any part thereof,
<br />may be applied by the IVlortg3gf:e at its option either to the reduction of the indebtedness hereby secured
<br />ar to the restoration or repair of the property dan'~aged. In event of foreclosure of this mortgage, or other.
<br />_,. .transfer of title tit the mortgaged property in extinguishment of the indebtedness- secured hereuj, all
<br />•- right;: title $nd inse~cst of-the Mortgagor is and tilt any insurance g€aiieies then in farce shall pass to-the
<br />purcIia3er or grantee:
<br />30. r'is additional and collateral security for the payment of the note described, and all sums to become
<br />due-under this mo~•tgage, the Mortgagor--hereby assigns to the Mortgagee all Iease bonxr~es, profits, rave-
<br />Hues, royalties, lights,-and other benefits accruing to the Mortgagor under any and all ail and_gas leases.
<br />eats; or during tiie life of this mortgage, executed on said premises, with the right tQ receive and receipt
<br />for the same and apply them to said indebtedness as well before as-after default in the eonditiins of this
<br />mortgage, and the Rlortgagee may demand, sue for and recover any such pay-~nents when due and-gay
<br />able, btii shall net acquired sa R do. This assignment is to terminate and bece~me null and void ttpfin
<br />release of this mortgage.
<br />33. IIe shall eat commit or permit waste; and shall maintain the property in as good condition as at
<br />presettt, reasanabie ;year and tear excepted. Cipon any failure to so maintain, Mortgagee, at its option,
<br />may cause reasonable maintenance work to be performed at the-cast of Mortgagor. Any amounts. paid
<br />tteerefcar by bi(ortga{;ee shall bear interest at the rate provided for in the principal indebtedness, shall
<br />thereupon become a part of the indebtedness secured by this instrument, ratably and an a parity with ail
<br />outer indebtedness secured hereby, and shall be payable thia-ty (3®} days after demand.
<br />32. If the premises, ar any part thereof, be condemned under the power of eminent domain, or
<br />acquired €or a public use, the damages av,arded; the proceeds for the taking of,_ or the consideration. far
<br />such acquisition, to the extent of the foil amount of the remaining unpaid indebtedness secured by this
<br />mortgage, or hereby assigned to the Mortgagee, and shall be paid forthwith io said Zortgagee, to be
<br />applied an account of the Iast maturing installments of sash indebtedness.
<br />33. Ii the l~oatgagor fails to make- any rayanents when due, or to conform to and comply with any
<br />pf the- conditions nr agreements contained in this mortgage, or the notes x=liich 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; s#ad lisle mortgage may thereupon be foreclosed-immediately for-the whvlft of tlie'indebtet3-
<br />Wass hereby secured; including the cost of extending the abstract of title from the date of this mart
<br />gstge•ts t3te brae o€ camrFSencing such suit, a reasanabie attorttey's fee, and any sums paid by the- Veterans
<br />•?dr..ini~•atiaa u a account of the g=Karanty or ins=»rra:ee of the indebtedness. secured ?ier~by, all of ~hi~h
<br />alIl he: utclenied ix t3te decree of foxeciasure.
<br />14: If the indebtedness scented `herc+lry he giiaranteed:or ;nssired' under Title 313, Linited Stag erode:
<br />tttteh Title aad l~.egttlations issued thereunder and inetfeet on the datekiereaf shall govern the rigti#8; dszlaes-
<br />ar~.i "1_Tt. _ ± ..F .ha n~.~iio~ i.a:'Ct^. $:1:~ _..,, y...il[•7°Lvt:~ OS t~115 r?r. C£rln9t••.!]•.•n,.t~u~{eC, t_h-i!}~ntlnCC~-~-'ltT~S
<br />-with. said indebtedness which are ineonsistznt with said 'I~tle or ltegtilatious:-are hereby- ansended" to
<br />,canfttrm thereto.
<br />'7'he ~vensnts herein t~aattained snail bigd, and tea benefits anal-advantages-shall inure to, the
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