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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 aptiori, may pay or perform the same, and ail expenditures sa made shalt be added to the principal sum
<br />awing on -the above Hate, shall be secured hereby, and shall bear interest until paid at the rate provided
<br />forlnthe principal indebtedness.
<br />~• H;,nn Han„ast of the ~qo_*igagaa, ~artggoar chair gxgnutQ and dalivos• a suppiemezttal note 4r ncat?s
<br />~,.....,..ix
<br />far the sum tar sums advanced by Mortgagee for the alteration, rnodernizatian, or improvement made at
<br />the axtgagor's request; or far maintenance of said premises, or far taxes or assessments against the
<br />same, and for any. other purpose- elsewhere authozized hereunder. Said Hole or notes shall be secured
<br />hez°eby on a parity with and as fully as if the advance evidenced thereby were included in the note first
<br />described alb. Said supglementai Hate ar notes shall bear interest at the rate provided for in the prin-
<br />cipaf indebtedness and shall 6e payable in approximately equal monthly payments for such period as nzay
<br />l;e agzeed upon by the Mortgagee and Mortgagor. Failing to agree on the maturity, the whole of the sum
<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 Maz•tgagee, to be applied toward the payment of
<br />the na*~. aizd all -sums sou:•ed hereby in case of a default in the performance of cry sf the terms a:~d candi-
<br />tiazts of this mortgage or the said note, all the rants, 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 to appoint any. agent or agents it may desire for the purpose of renting the same and cal-
<br />- leering-the rents, revenues and income, and it mxy pay out of said incomes all necessary commissions and
<br />expenses incurred in rezzting 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 r..aintain hard insurance, of such type or types and amounts as Mortgagee
<br />may from time to time require, -on the improvements now or hereafter or said premises andexcept-when
<br />payment far all such premiums has theretofore bean made under {a) of paragraph 2 hereof, will-pay
<br />promptly when due any premiums therefor. L'pon 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 />shall be held by the :Mortgagee and have attached thereto loss payable clauses in favor of and in form
<br />acceptable to the Mortgagee. In event of lass Mortgagor will give immediate notice by mail to the Mort
<br />garee, who may make proof of loss if notYnadepromptly by Mortgagor, and each insurance company con-
<br />eerned is he~•eb}• authorized acid directed to make payment far such loss directly to the Mortgagee instead
<br />of to the ;Mortgagor and the Mortgagce jointly, and the insurance ornce?ds, or any part thereof,
<br />may lze applied lay the r~lartgagee at its option either to -the redus;tion cf the indebtedness hereby set.. .d
<br />or to the restoration ~.~ ••~pair of the property damaged. in event of foreclosure of-this mortgage, ar other
<br />transfer of title to the mortgaged-property in extingvishinent of the indebtedness secured hereby, atl
<br />right, title and interest of the Mortgagor in and to any insurance policies then in farce shall pass to the
<br />purchaser ar grantee.
<br />ltl. As additional and collateral security for the payment of the Hate described, and aII sums to become
<br />due under this mortgage, the Mortgagor hereby assigns to the Mortgagee atl lease bonuses, profits, reve-
<br />nues, royalties, rights, and other benefits accruing to the Mortgagor under- any and all oil and gas leases
<br />now, or during the life of. this rrzaz•tgage, executed on said premises, with the right to receive. and receipt
<br />for the sarne and apply them to said indebt~uness as well before as after default in the conditions of this
<br />mortgage, and the Ma,•tgagee may demand, sue far and recover any sueh_payments when due-and pay-
<br />able, but shall Hat be required so tQ do. This assignment is to terminate and become null and void upon
<br />release of this mortgage.
<br />1I. He shall not commit or permit waste; and shaIl maintain the property in as goad condition as at
<br />present, reasonable wear abed tear excepted. Iipon any failure to so maintain, 3ortgagee, at its option,
<br />may cause reasonable rnai:tterance work to he performed at the cast of Mortgagor. Any amounts paid
<br />therefor by kiartgxgee shall bear interest at the. rate provided for in the principal indebtedness, shall
<br />thereupon beeeme a part of the indebtedness secured by this instrument, ratably and on a parity with all
<br />other indebtedness secured hereby, and shall be payable thirty {30) days after demand.
<br />I2. if the premises, ar any part thereof, be condemned under the power of eminent domain, or
<br />acquired for a public use, the dam. gee awarded, the proceeds for the faking of, or the consideration-for
<br />such aequisiiian, to the extent of the full amount of the remaining unpaid indebtedness secured by this
<br />martgazge, ar hereby assigned to the Mortgagee, and shall be paid forthwith to said Mortgagee, to be
<br />applied on account of tre fast maturing instailmenis of such indebtedness.
<br />13. If the l4lartgagor fails to make any. pa,~nents when duo, ar tc conform to and comply with any
<br />of the conditions or agreemenis contained in this mortgage, ar the Hates irhich it secures, then the
<br />enure principal cum and accrued interest shall at once became due and payable, at the election of the
<br />Mor~agee; and this mortgage may thereupon ~ farecIosed immediate}y for the whole of the indebted-
<br />Hess hereby secured. including the cost of extending the abstract of title-from the date of this more
<br />gage to the time of eor•nmencittg such suit, a reasonable attorizey's fee, and any sums paid by the Veterans
<br />A~}znirsistration t;n account of the gztarant;3 or insurance of the indebtedness seeuzed hereby, a4 a€ which
<br />shall be included in the decry of foxeolosure:
<br />i~l. I~ the indeebtedness secured hereby he gzzarant_eed or insured under Title 84, LFnited States t;ttsde,
<br />shch'Fitle -and Ii,eg'zzlatiuus issztad;thez~~under sud in effect oc~>the bate ~tereaf'shall govern the rights, duties
<br />arld liak~il[ties of flze p~rtieslapreto; attcl auy provisions of tfzis ar other instruments executed in connection
<br />~*%±~ s%sid i,~del~tedzztz;whielz_are ineonsistari tiviilt said 1itle:or,Pegulations tzre hereby amended to
<br />et3x~forztz-thereto.
<br />The covenants herein contained s.11 bind,-: anal tlta tenefits and advttritag€s shall inure to, the
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