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<br />6. I€ he fails to pay any sum or keep any covenant provided for in this mortgage, the Mortgagee, at
<br />its ciption, may pay or perform the same, and all expenditures so made shall be added to the principal sum
<br />owing on the above note, shall be secured hereby, and shall bear interest until paid at the rate provided
<br />forinthe principal indebtedness.
<br />7. Upon request of the Mortgagee, Mortgagor shall execute and deliver a supplemental note or notes
<br />far the sum ur stuns advanced by Mortgagee for the aiteratiar., modernization, or improvement made at
<br />the 36iartgagor's request; or far maintenance of said premises, or for taxes or assessments against the
<br />same, end for. any other purpose elsewhere authorized hereunder. Said note or notes shall be secured
<br />hereby on a parity with and as fully as if the advance evidenced thereby were included in the note Hi°at
<br />described above. Said supplemental note or notes shaft boar interest at the rate provided for in the prin-
<br />cipal indebtedness and shall be payable in approxi.-nateiy equal manthIy payments far such period as may
<br />be agreed open by the 14iartgagee 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 +Iortgagee. In no
<br />event shall the maturity extend beyond the ultimate maturity of the note first described above.
<br />$. He hereby assigns, transfers and seta aver to the Mortgagee, to be applied toward the payment of
<br />the note and all sums secured hereby in ease 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 shah remain unpaid ;and the b4oz•tgagee
<br />shall have power to appoint any agent ar agents it may desire for the purpose of renting the same and col-
<br />lecting the rents, revenues and income, and it may pay out of said incomes all necessary commissions and
<br />expenses incurred in renting and managng the same and of collecting rentals therefrom; the balance
<br />remaining, if any, to be applied toward the discharge of said mortgage indebtedness.
<br />S. He will continuously maintain hazard insurance, cf such type ar types and amounts as Mortgagee
<br />may tram time to time reelnire, on the improvements now or hereafter on said premises and except when
<br />payment for all such preznizzms has theretofore been made under (a) of paragraph 2 hereof, -will pay
<br />promptly xvhen due any premiums therefor. Upon default thereof, Mortgagee may gay the same. 411
<br />insurance shall be carted in companies approved by the Mortgagee and the policies and renewals thereof
<br />shall be held by the':4lortgagee and have attached thereto Ions payable clauses in favor of and in form
<br />acceptable to the Mortgagee. In event of loss i4lortgagar will give immediate notice by mail to the Mort-
<br />gagee, who may make proof of loss if not made promptly by Mortgagor, and each insurance company con-
<br />cerned is hereby authorized and 3irected to make payment for such loss directly to the Mortgagee instead
<br />of to the :s'tortgagor and the i4lortgagee jointly, and the insurance praeeeds, or any part thereof,
<br />may be applied by "tli~'1~01•~ee~at its option either to the reduction of the indebtedness hereby sncurea
<br />oz• to the restoration ar repair i3~#~ze property damaged. In event of foreclosure of this mortgage, or ether
<br />transfer of title to.the ttiortgaged property in extinguishment of the indebtedness secuzed Izereby, all
<br />right, title and interest of the ,Mortgagor in and to any insurance policies then in force shall pass to the
<br />purchaser or grantee.
<br />IU. 4s additional and collateral security for the payment of the note described, and all sums to became
<br />due under this mortgage, the Mortgagor hereby assigns to the iSflrtgagee alI 3ease banasas; proftts, reve-
<br />nues, royalties, rights, and other benefits accruing to the Mortgagor under any and all oil and gas leases
<br />nox~, ar during the life of this mortgage, executed on said premises, with the right to receive and receipt
<br />for the same and apply them to said indebtedness as ~~-elI before as after default in the conditions of this
<br />mortgage, and the Rortgagee may demand, sue far and recover any- such payments when due and, pay-
<br />able, but shall net be required so to do. This assignment is to terminate and become null and void upon
<br />re}ease of this mortgage.
<br />11. He shall not commit or permit waste; and shall maintain the property in as goad condition as at
<br />present, reasa~zable wear and tear excepted. Egon any failure to so maintain, ifortgagse, at its option,
<br />may Gauss rease7nabie maintenance work to be performed at the cost of Mot•tgagar. 4ny amounts paid
<br />therefor try Martga;;ee shalt bear interest at the rate provided for in the principal indebtedness, shall
<br />thereupar. Ixrame a part of the indebtedness secured by this instrument, ratably and on a parity with ail
<br />ether indebtedness secured hereby, and sFzali be payable thirty {3fl) days after demand.
<br />I2. If the premises, or any part thereof, be condemned under the power of eminent domain, ar
<br />acquired for a puEalic use, the damages awarded, the proceeds for the taking of, or the consideration for
<br />such aegnisitian, 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 accauzzt of the last maturing installments of such indebtedness.
<br />13. If the ISIoz-tga~ar fails to make any payments ashen due, or to confaz~m to and comply with any
<br />of the conditions er agrc~ments contained in this mortgage, or the notes which it secures, tIaen the
<br />entire principal sum and ace~•ued interest shall at once became due and payable, at the eIeetion of the
<br />Mortgagee; and this mortgage may thereupon be foreclosed immediately for the whole of the indebted-
<br />ness Izereby secured, including the cost of extending the abstract of title from the date of this mort-
<br />gage to the time of commencing such suit, a reasonable attorney's fee, and any sums paid by the Veterans
<br />t#dministratian an account of the guaranty or insurance of the indebtedness secured hereby, all of which
<br />shad be included in the decree a€ €oreclosure.
<br />-:ii. - ii the indebtedness secured hereby be guaranteed or insured-under TYtle_3$, United States Coale,
<br />such Tire,-$tzd Regulations issued thereunder and in effect an the date hereof shall govern the rights: duties
<br />and liabilities of the parties hereto, and any provisiana of this or other instruments executed iii connection
<br />with -said iatlebt~lneas whfclz -are 'inconsistent. with said Title or I~.egulations are Izereliy amended to
<br />confoa~zn.thereto.
<br />The covenants herAi,~: contained shat} bind; and the benefits and advantages shall inure to, the
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