<br />
<br />S. If he fails to pay any sum or keep any covenant provided for in this mortgage, the Martgagee, at
<br />its option, may pay or perform the same, and all expenditures so made shall be added to the principal sum
<br />o;wing on the above note, shall be secured hereby, and shall bear interest until paid at the rate provided
<br />for in the principal indebtedness.
<br />?. Upon request of tlxe 11lortgagee, Mortgagor shall execute and deliver a supplemental note or notes
<br />for the sum ax° sums advanced by Mortgagee s'or the aiteraiion, modernization, or improvement made at
<br />the s~.artgaggi°s r@yusst; or for maintenance of said prxmiSas, or for taxes ar assessments against the
<br />same, and far any other purpose elsewhere authorized hereunder. -Said pate or notes shall be secured
<br />hereby an a parity 'with and as fully as if-the advance evidenced thereby were included in -the Hate first
<br />described above. Said supplemental note or notes shall bear interest at the rate provided for fn the prin-
<br />cipal indebtedness and shall be gayable in approximately equal montl;ly payments for such period a.9 may
<br />be agreed upon by the Mortgagee and Mortgagor. Failing to agree on the maturity, the whole of the sum
<br />ox• sums so advanced shall be doe and payable thirty (34) 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 />$. I-Ie hereby assigns, transfers and sets over to the Martgagee, to be appiied toward the payment of
<br />the note and all sums 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 Martgagee
<br />shall have power to appoint any agent or agents it may desire for the purlxrse of renting the same and col-
<br />lecting the rents, revenues and income, and it may pay out of said incomes alt necessary commissions and
<br />expenses insurrecl in renting and managing the same and of collecting renta}s therefrom; the balarxce
<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 or types and amounts as Mortgagee
<br />nxay from time to time require, on the improvements now or hereafter on said premises and except when
<br />payment far all such premiums has theretofore been made under (¢) of paragraph 2 hereof, will peg
<br />prompiiy when due any premiums therefor. Upon default thereof, Martgagee may pay the same. All
<br />insurance shall be carried in companies approved by the lartgagee and the po}icies and renewals thereof
<br />shall be held by }.he Mortgagee and have attached thereto loss payable clauses in favor of and in form
<br />acceptable to the Mortgagee. In event of Lass bortgagor 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 directed to make payment far such lass directly to the 3loxtgagee instead
<br />of to the Mortgagor and the Mortgagee saintly, and the insurance proceeds, or any part thereof,
<br />may be applied by the Mortgagee at its option eitlxer to the reduction of tie indebtedness hereby secure'
<br />or to tie restoration or ~•^o~ir of the property damaged. In event of foreclosure oi' this mortgage, or ether
<br />'transfer of title to the mortgaged property- in extinguishment of tlxe indebtedness secured hereby, all
<br />right, title and irrteresi of i're i~iax=xgagar in and iv airy insirrarice pviii:irs iFieii iii fa ~e Shah paces to file
<br />purchaser ar grantee.
<br />I£r. As additional and collateral security far tlxe pa}-meat of the note described, and aL sums to become
<br />due under this mortgage, the Mortgagor hereby assigns to the Mortgagee all lease bonuses, profits, reve-
<br />nues, royalties, rights, and other benefits accruing to the Mortgagor under any and all oil and gas leas
<br />no:;-, ar during the life of this mortgage, executed an said premises, with the right to roc€iv2 and receipt
<br />for the same and apply them to said indebtedness as well before as after default ir. the conditions of this
<br />mortgage, and the Mortgagee may demand, sue for and recover any such payments when due and pay-
<br />able, but shall not be required so to do. 'T'his assignment is to te__*•minate and became null and void open
<br />release of this mortgage.
<br />Zl. IIe shall not commit or permit waste; and shall maintain the property in as goad condition as at
<br />gresert, reasonable wear and tsar excepted. Upon any failure to so maintain, Mortgagee, at its option,
<br />may cause reasonable maintenance wank to be performed at the cost of Mortgagor. Any amounts paid
<br />therefor by Martgagee shall bear interest at the rate provided for in the principal indebtedness, shall
<br />thereupon. become a part of the indebtedness seemed by this instrument, ratably and on a parity with all
<br />ether indebtedness secured hereby, and shall be payable thirty (30} days after demand.
<br />i2. If the premises, or any part thereof, be condemned under tie porti•er of eminent domain, or
<br />acquired far a public use, the damages awarded, the proceeds for the taking af, or the consideration far
<br />such acquisition, to the extent of the full amount of the remaining unpaid indebtedness secured b3 tlxis
<br />mortgage, or hereby assigned to the Mortgagee, and shall be paid forthwith to said Mortgagee, to be
<br />appiied on account of the last maturing installments of such indebtedness.
<br />I3. If the Mortgagor fails to make any payments Frhen due, or to conform to and comply with any
<br />of the conditions or agreements contained in this mortgage, or the notes which it secures, then the
<br />entire pr7ncipal suxn and accrued interest shah at once become due and payable, at the election of the
<br />Mortgages; and this mortgage may thereupon be foreclosed imnxediately for the whole of the indebted-
<br />ness hereby secured, including the cost of extending the abstract of title from the date of this morn
<br />gage.totlre-time of commencing ouch suit, a reasonable attorney's fee, and any sums paid by the Veterans
<br />Administration on account of the guaranty or insurance of the indebtedness secured hereby, all of which
<br />shall be included in the decree of foreclosure.
<br />?~. 3f ~~i:rd~'tness.arred h~r~b,~l~ guarant~d ar insured under Title 38, United-States-Code,
<br />si~elr `Title an~fi Itegrriations issued thereunder a~ird in effect ern the date hereof shall govern the rights, duties
<br />and l~abiIities of tt;e parties hereto, anii atry pro~isiohs of this ar other instruments executed in connection
<br />. with said indehtedrers which are ineiiusistent-with said Title or Regulations are hereby amended to
<br />conform t~xe.~to.
<br />The covetrants herein contained shall hind; and the benefits and advantages shall inure to, the
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