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<br />7g-.~tt-~~362
<br />S. 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 />awing on the-above note, shall be secured hereby, and shall bear interest until paid at the rate provided
<br />for en the principal indebtedness.
<br />'I. ~Jpon request of the Mortgagee, Mortgagor shall execute and deliver a supplemental note or Hates
<br />for the sum or sums advanced by Mortgagee for the alteration, modernization, ar improvement made at
<br />the. -~EJ~Yt~dgJr'33 regeet:st ~ ar far - [IIlainti:nanCe of said- premises, ar far taxes Or a.5ae5ameIIta against the
<br />same, and far -any, other purpose elsewhere authorized- hereunder. -Said note or notes shah be secured
<br />heri±hy oil a parity zvith and as fully as i# the advance evidenced thereby were iaelvded in the Hats -first
<br />described above. Sari supplemental note or Hates shall hear interest at the rate provided for in the prin-
<br />cipal indebtedness and shall be payable in approximately equal monthly payments for sneh period. as may
<br />be agreed upon by the Mortgagee and Mortgagor. Failing to agree on the maturity, the whale of the sum
<br />ar sums so advanced shall be due and payable thirty (liU) days after demand by the Mortgagee.- In no
<br />event shall-the maturity extend beyond the ultimate maturity of the note. first described almve.
<br />8. He hereby assigns, transfers and sets over to the Mortgagee, to be applied toward the payment of
<br />#l€e note and. all sums secured hereby in case of a default in the performance of any of the farms 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 during such time as the mortgage indebtedness shall remain unpaid; and the Mortgagee
<br />shall have power +.o appoint any agent or agents it may desire for the purpose of renting the same and cot-
<br />- lectiag 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 eoIlecting rentals therefrom; the balance
<br />remaining if oily, to'be applied toward the discharge of said mortgage indebtedness. 9
<br />3; He will continuously maintain hazard Insurance, of such type or types and amounts as Mortgagee k
<br />may-from tiIIae to time require,, oII the iinproveinen#s now-or hereafter an said premises and except ~vheu
<br />payment for aII such peemiums has theretofore been made under (¢) of paragraph 2 hereof, will gay-
<br />prvmptiy when doe any preminms therefor. Llpan default thereof Mortgagee may pay the same: All
<br />insurance shall be carried in companies approved by the Mortgagee and the policies and renewals thereof
<br />shat] be held by the Mortgagee and have attached thereto loss payable clauses in favor of and in farm
<br />acceptable to the Mortgagee. In_,event of kiss '~tortgagttr will give immediate notice lap mail to the Mort-
<br />gagee, who may make proof bf lvsa+ if ziotmade premptly by mortgagor, and each insurance company rats
<br />cerIIed is herel?}- authorized and direete~ta. ipalce-paym€nt for such Ioss directly to the Mortgagee instead
<br />of to the 144ortgagor and the Mortgagee jointly, and the insurance proceeds, or any part. thereof
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<br />- may be applied by-the Mortgagee at its option either to the resIuetionnf-the indebtedness hereby stiff
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<br />or to the restoration ~_ repair of the property damaged.
<br />III aveat of foreclosure of this mortgage, or other
<br />transfer of title to-the mortgaged property in extingmshinent of the indebtedness secured- hereby, all
<br />righ+y +3+1n _ana_ in~reat of the i!`iortgagor in and tea a, ~-_inffinranC2-yvli4lcS titers ir: force 3haii pass t{3 the
<br />pni'Chaser Or grantee. t
<br />24. As additiova[ and collateral security for-the payment of the note described, and all snms to become E
<br />due under this mortgage; the Mortgagor hereby assigns tit the Mortgagee ail Tease bonuses, profits, reve-
<br />- is
<br />noes, rnyalties, rights, and
<br />other benefits accruing to the Mortgagor under any and all oil -and- gas leases
<br />now, or dui~ng-tile }ife of this mortgage, executed on said premises, cirith the right to receive and receipt
<br />for the same and apply their to said indebtedness as well before as afpr default in the conditions of this
<br />mortgage, and the Mvi•tgagee may demand, sue for and recover any such payments when due and pay-
<br />able, but shaII not be required sa to do. This assignment is to terminate and become null and void upon
<br />,
<br />release of`this mortgage. ~
<br />11. He shall not commit or permit waste; and shall maintain the property in as goad condition as at
<br />pre~nt, rea.~nable wear and tear escept.~d. ~Tpan any failuz~ to sv .zaintain, 2ortgagee, at its option,
<br />may cause reasonable maintenance work to be performed at the cost of Mortgagor. Any amounts paid
<br />therefor by Mortgagee shall bear interest at the rate provided for lie the principal indebtedness
<br />shalt
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<br />Eherenpon became a part of the indebtedness secured by this instrument, ratably and on a parity with all
<br />other indebtedness secured herehv, acid shall be payable thirty (30) days after demand.
<br />lg. if the premises, or any Part thereof, be condemned under the poorer of eminent daenain, ar
<br />acquired for a public use, the da.*nages awarded, the proceeds for the taking of, or the consideration £or
<br />such acquisition, to the extent of the full amount of the remaining unpaid indebtedness secured by this
<br />mortgage, ar hereby assigned to the Mortgagee, and shall be paid forthwith to said Mortgagee, to be
<br />applied on account of the last maturing installments of such indebtedness.
<br />13. If ilea a~Iartgagor fails to make sny paymer,#s when doe, or to conform to and comply with. any
<br />of the conditions or agreements contained in this niortgsge, yr the notes which it secures, then -the
<br />entire principal sum and accrued interest-shall at once become due and payable, at tree election of the
<br />Mortgagee; and this mortgage may thereupon ba foreclosed immediately fbr the whole of the indebted-
<br />b 3... ..,.i«.i'« iL.. C L
<br />nos .erev~ se:;tii~d, i„~ ,.,,i„g ,,,,~ oast ob ex,.end:ng tlee ab-tract of €itie flvm the date of this mort- t'
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<br />gaga tts> the time of commencing such suit, a reasonable attorney's fee, and any sums paid by the Veteratta
<br />rkdministratian an account- of the guaranty or insurance of the indebtedness secured hereby, all of which
<br />shall be included in the decree of farectosnre.
<br />14 tf tlxe i~,Iebtedness secured hereliv be guaranteed ar insured tender-Titles ~, United States Gale;
<br />lima i7t~ and ~egsjlatier-s issued: tttereuader and in effect on the crate hereof shall govern. the rights, duties
<br />and'3isbtlitipg o£ 4be ~ tea-~ aril any provisions of this or other irastrtminreis executed iri$onnectton
<br />with .Said indei~deseaa:tvhieh inconsistent with said Title ar Regulations are hereby-amended to
<br />coiiforrn thereto:
<br />-.The CIIiT£'Xean'~ heretic ttaret$itted shall bind, and the benefits arad'advantages shall inure to, the
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