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<br />fi. If ha fails to pay any sum or keep any covenant provided for ir_ this mortgage, the Mortgagee, at
<br />its option, may pay oz perform the same, and all expenditures so mach shall be added to the principal sum
<br />owing on the above note, shall be secured hereby, and shall bear interest unfit paid at the rate provid~l
<br />for in the principal indebtedness.
<br />?. Upon request of the Mortgagee, Mortgagor shah execute and deliver a supplemental note or notes
<br />for the sum ar same advanced by i~fortgagee for the alteration, modernization, or improvement anode at
<br />the Mortgagor's request; or for maintenance of said premises, or for taxes or assessments against the
<br />same, and far any other purpose elsewhere authorized hereunder. Said note or notes shall be seeared
<br />hereby on a parity ~s•ith and as fully as if the advance evidenced thereby were Included 4n the atote first
<br />described above. Said supplemental note or notes shall hear interest at the rate provided for in the prin-
<br />cipal indebtedness and shall bt payable iu approximately equal monthly payments for such period as may
<br />be agreed upon by the ,~iartgagee and Mortgagor. Falling to agree on the maturity, the whole of sum
<br />ar sums sa advanced shall be due and payable thirty (30} days after demand by the Mortgagee. In nn
<br />event shall the maturity extend beyond the ultimate maturity of the note first described above.
<br />8. lle hereby assigns, transfers and sets over to the Mortgagee, to be applied toward the payment of
<br />L -the Hate and all scans secured. hereby in case of a default in the performance of any of the terms and condi-
<br />tions 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 t4 appoint any agent or agents it may desire for the purpose of renting the same and coi-
<br />lectixag the rents, revenues and income, and it map pay out of said incomes alI necessary comm4aaions aad
<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. He will continuously maintain hazard insurance, of such type ar types and amounts as Moztgagee
<br />may from time t4 time require, on the improvements now or hereafter on said premises and except when
<br />payment for aII such premiums has theretofore been made under (m} of paragraph 2 hereof, will gay
<br />promptly when due any premiums therefor. Upon default thereof, Mortgagee may pay the soma. All
<br />insurance shah be carried in companies approved by the Mortgagee and the policies and renewals thereof
<br />shall beheld by the Mortgagee and have attached thereto toss payable clauses in favor of and in form
<br />acceptable to the ~iartgagee. la event of loss Mortgagor u-a~il give immediate notice by mail to the Mort-
<br />gagee, who may make proof of aoas if not made promptly by Mortgagor, and each insurance company con-
<br />cerned is hereby authorized and directed to make payment for such toss directly tc the Mortgagee inst~~l
<br />of to the Mortgagor end the i4iortgagee jointly, and the Insurance proceeds, or any part thereof,
<br />may be applied I>y the hlartgagee at its option either to the reduction of the indebtedness hereby secured
<br />ar to the restoration ar repair of the property damaged. In event of foreciasure of this mortgsge, ar ot2eer
<br />tran3f er of title tv ti " marl'°a"" i ~"°rt' 'n en--+iin ui8ciuuut ~sf z-
<br />s ~~-~ p= ~ ,yr • g tue indebiedriess se~:ured hereciy, ail
<br />right, title and interest of the lSfortgagor in and to any insurance policies then itt force shall pass to the
<br />purchaser or grantee.
<br />10. As additional and collateral security for the pa}~xaaent of the note described, and all sums to become
<br />due under this mortgage, the Mortgagor hereby assigns to the I4lortgagee alt lease bonuses, pmfiis, reve-
<br />nues, royalties, right-s, and ether bennfits a~?-uing to tie Mortgagor under any and all oil and gas l
<br />Haw, or during the life of this mortgage, executed on sold pretaiises, R°ith the right to recsiveaad receipt
<br />for the same and apply them to said indebtedness as well before as after default in the eonditians cif this:
<br />rnoitgage, and the i4ioi•tgagee may demand, sue for and recover any such payments when due and pay-
<br />able, but shall not be required so to do. TI?is assignmen`_ is `*_a terminate and become null and void-upon
<br />release of this mortgage.
<br />11. lie s hall not commit ar pei,nit :waste; and shall maintain the property in as good condiiioa as at
<br />present, reasonable rear and tear excepted. Upon any failure to sa maintain, Mortgagee, at Its option,
<br />may cause reasonable maintenance work to be per€ormed at the cost of Mortgagor. Anp amount$ paid
<br />therefor b}- Mortgagee shall hear interest at the rate provided far in the principal indebtedness, shall
<br />theaeupon became a Bart of the indebtedness secured bg this instrument, ratably and an a parity with all
<br />other Indedness secnreci hereby, and shall be payable thirty {SO) days after demand,
<br />12. U the premises, ar any part thereof, be condemned under the power of eminent domain,. or
<br />acquired for a public use, the damages awarded, the proceeds for the taking of, ar the consideration for
<br />such acquisition, to the extent of the full amount of the remaining unpaid Indebtedness secured by this
<br />mortgage, or hereby assigned to the Mortgagee, and shall lee paid forthwith to said Mortgagee, to be
<br />applied on account of the Iaat maturing in_atallments of such indebtedness.
<br />13. Ff the ~loi-tgagor fails to make an, payments when due, or to conform to and campIy with say
<br />of t_he eonditiens or agreements contav.ed in this ntortgRge, or the notes which it secures, Ewen 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 tleereupon be foreclosed immediately faf the whole of the iaadebted-
<br />Hess hereby secured, including the cost of extending the abstract of title from the date of this mort-
<br />gage t~ tl~ tine of com;neneing s;.,ch i;uit, a reasonable xttrar~aey s fee, and anp sums paid by the Veterans
<br />Administration an account of the guaranty ar insurance of the indebtedness secured-hereby, ail of which
<br />shall be included in the decree of foreeic~ure.
<br />P4: If the indebtedness seEilrEtt hereby be guaranteed or insured under Title 3S, United States bode,
<br />such Tithe aaTd-Regvlaxns issued thereunder and iai•eiI'ect on_ the date hereof shall govern the rights, duties
<br />end liabilities of the partite hereto, mid any p~raaisions-af this cir o~ in$truments executed in connection
<br />with said it~debteiress vvhieh sire inco~isistent with said--title or Fcegatstions are hereby amended
<br />conforan tltereta,
<br />The eos~trants herein Cnntairied shall Iiittd`, ~l tlie -beneFets as~d advantages shall inure to, the
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