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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 aptian, may pay or perform the same, and ail 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 />for in the principal indebtedness.
<br />7. Upon request of +.he Martgagee, Mortgagor shad execuie and deliver a supplemental note or notes
<br />far the awn or sums advanced by Mortgagee for the alteration, maderttizatian, or imptovernent made at
<br />the Mox•tgagor`s request; or far maintenance of said premises, or for faxes or assessments against fire
<br />sasn~, ar,d for-any ether pttr, 3se else .hare A •u':cri~.~~ hereunder. Said Hate czr Hates shall Ire a~~ured
<br />hereby on a parity with and as fully as if the advance evidenced thereby were included in the note first
<br />described ahave. Said sttppiemental note or Hates shall bear interest at the rate provided for in tlxe prin-
<br />cipal indebtedness a?td shall be payable in approximat~3y equal monthly payments far such pexiad as may
<br />be agreed upon by the'.4lot-tgagee and R~iortgagor. Failing to agree on 'the maturity, the whole of the sum
<br />or suns so advanced shall be due attd payable thirty {30} days after demand by the Mortgagee. In no
<br />event shal3 the maturity extend beyond the ultimate maturity of the note first described above.
<br />S. He hereby assigns, transfers and sets ovex• to the Mar#.gagee, 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 candi-
<br />tiotts of this mortgage ar the said note, all the rents, revenues and income to be derived fram the mort-
<br />gaged premises during such time as the mortgage indebtedness shall remain unpaid ;and the ;Mortgages
<br />shall hate pcrn°er to appoint any agent or agents it may desire for the parpose of renting the same and cal-
<br />lecting the rents, revenues and income, and it may pay out of said inr_omes all necessary commissions and
<br />expenses incurred in renting- and managing the same and of cailecting rentals therefram; the balance
<br />remaining, if any, to he applied toward the discharge of said mortgage indebtedness.
<br />9. Ile will continuously maintain hazard insurance, of such type or types and amaunts as Mortgagee
<br />may from time to tune require, on the improvements Haw or herear"ier an said premises and except when
<br />pay°ment for all such lircmiums has theretofore beer, made under {a) of paragraph 2 hereof, will pay
<br />promptly ?when tlttp any premiums therefor. Upon default thereaf, Mortgagee may pay the same. All
<br />insurance ,hail ita carried i?t compa?ties approved by the Mortgagee and the policies and renetvals thereof
<br />shai2 tee held by the Mortgagee and have attached thereta loss payable clauses in favor of and in form
<br />acceptable to the 3ortgagee. "tn event of loss Mortgagor will give immediate notice by mail to the Afart-
<br />gagee, who may make pt•aof of loss if not made promptly by ltiortgagar, and each insurance company con-
<br />cerned is hereby auihoriucl and directed to make pay-ment for such loss directly to the bfartgagee instead
<br />of to fire Mortgagor and the Mortgagee jointly, and the insurance proceeds, ar any part thereof,
<br />may be applied by- the Mortgagee at its option either to the reduction of the indebtedness hereby secured
<br />ot- to the restoration or repair of the property damaged. In event of foreciasure of this mortgage, or ether
<br />transfer of title to the ntartgaged property in extingttisltmeni of the indebtedness scoured heretty, k..
<br />right, title and interesi, of the Mortgagor in and to any insurance policies then in force shall pass to the
<br />piii'cita5er Or graritee.
<br />1Q. rl<s additional and collateral security far the payment of the note dcscrilzed, and all sums to become
<br />due under this mortgage, the 3lortgagar hereby assigns to the ?tilortgagae ail lease bonuses, profits, aeve-
<br />nues, royalties; rights, and other benefits accruing to the :iiortgager under any and all oil and gas lasses
<br />nary, or 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 indebted Hess as ~velI l~fare as after default in the conditians of this
<br />mortgage, and the Mortgagee Wray demand, sue for and recover any such payments whop due and pay-
<br />able, but shall not be required so to do. This assignment is to terminate and become null and void upon
<br />release of this mortgage.
<br />Il. Ile shall Hat commit ar permit waste; and shall maintain the property in as goad condition as at
<br />present, reasonab}e «~ear acrd tear excepted. Upon any failure to sa maintain, Mortgagee, at its option,
<br />may- cause teasonablc maintenance :vork to be performed at the cost of Mortgagor. Any amaunts paid
<br />therefor by Martga;*ee shall bear interest at tl:e rate provided for in the principal indebtedness, shall
<br />titereupan become a pat•t of the indebtedness secured by this instrument, ratably and an a parity with all
<br />other indebtedness secured hereby, and shall be payable thirty (34} days after demand.
<br />12. If the premises, ar any part thereof, Ire condemned under the power of entinent domain, or
<br />acquired for a public use, the damages awarded, the proceeds for the Galcing of, or the consideration for
<br />such acquisition, to the extent of t:he full amount of the remaining unpaid indebtedness secured by this
<br />tn€tz~gage, ar hereby assigned to the Mat•tgagee, and shall be paid forth:}•iiit to said Mortgagee, to be
<br />applied on account of tl-ie last mat?tying installments of such indebtedness.
<br />13. If the t`.iortgagor fails to make any pay~tttents when due, ar to conform to and comply with any
<br />of the conditians or agreements contained in this mortgage, or the notes which ?•t secures, then the
<br />entire principal sum and accrued interest shall at once become due and payable, at the election of the
<br />IMartgagee; and this mortgage may thereupon be foreclosed immediately foi• the whole of the indebted-
<br />ness hereby secured, including the cost of extending the abstract of title fram 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 />Administration an account of the guaranty or insurance of the indebtedness secured hereby, all of which
<br />shall be included in fire decree of foreelasure.
<br />1~. If the indebtedness secured hereby. be guaranteed ar insured under Title 38, United St$tes rode,
<br />sueks_'I`itxe and-Iiegtilatio<*ts issued there€tn3ex-and ir, effect on the date hereof shall govern the righfis, deities
<br />and liabilities of -the parties hereto, and tiny provisions of this or other instruments executed in cormectian
<br />with- said -indebtedness which era iaeoniaistent with -said 'Pule or Pegulations are hereby amended to
<br />'conform thereto.
<br />the covenants herein contained shall bind;- and ttie benefits and advantages shall inure ta, the
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