<br />!~-.-. 4.~lJ~LPUr~
<br />8. If he fails to pay any sum or keep any coveztant provided for in this mortgage, the Mortgagee, at
<br />its option, may pay oz• 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 />for in the principal indebtedness.
<br />-s. Upon request of the Mortgagee, Mortgagor shall execute and delivet• a supplemental note or notes
<br />for the ~~,,.. u,..~ advanced zwy t@ao,•tgagPp for the altex•ation, modernization; cr improvement made at
<br />the Mortgagor's request; or for maintenance of said pt°emises, or for taxes or assessments against the
<br />same, and far any other purpose else;;=here authorized hereunder. Said Hate or notes shall be se:;ured
<br />hez•eby on a parity with and as fully as if the advance evidenced thereby were included in the note first
<br />described above. Said supplemental note or notes shall bear interest at the rate provided for in the prin-
<br />cipal indebtedness and shall be payable ir. appreximat~Iy equal monthly payments for such period as may
<br />be agreed upon by the Mortgagee and Mortgagor. Failing to agree on the maturity, the whole of the sum
<br />err sums so advanced shall be due and payable thiriy (30) days after demand by the Mortgagee. In ao
<br />event shall the matutity extend beyond the ultimate maturity of the note first described above,
<br />8. FIe hereby assigns, transfers and sets over to the Mortgagee, to be applied toward the payment of
<br />the note and alt sums secured hereby in case of a default in the performance of any of the terms and condi-
<br />tiozxs of this ,.,ot gage ar the said note, all the re.^.ts, revenues and inrrnme to be deriz•ed frr,m the m~rt-
<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 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 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. lie +vill continuously maintain hazard insurance, of such type or types and amounts as' Mortgagee
<br />may from time to time require, on the improvements now or hereaf',er on said premises and except when
<br />payment x"er all such premiums has theretofore been made and%,r (a) of paragraph 2 hereof, ~n-ill pay
<br />promptly ~+=hen-due any premiums therefor. Upon default thereof, Mortgagee may pay the same. All
<br />insurance shall be carrried in companies approved by the Diartgagee and the paliries and renewals thereof
<br />sl-iail 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 loss Mortgagor will give immediate notic,- 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 paymer_t for such lass directly to the Mortgagee instead
<br />of to the Mortgagor and the ;4lortgagee jointly, and the insurance proceeds, or any part thereof,
<br />may be applied by the Mortgagee nt its option either to the reduction o€ the indebtedness hereby secured
<br />or to the restoration ar repair of tl a property damaged. In event of t'areclosure of this mortgage, or other
<br />transfer of title to 'the mortgaged t~rrpertp in extinguishment cf the indebtedness secured hereby, all
<br />r,ght~ title and interest of the bicrtgagor in and to any insurance pciieie° then in force shall pass to th .
<br />purchaser or grantee.
<br />10. As additional and collatex•al security for the payment of the notz described, and all sums to become
<br />due under this mortgage, the Mortgagor hereby assigns to the biartgagee all lease bonuses, profits, reve-
<br />nues, royalties, rights, and other benefits accruing to the ltiiortgager under any and all oil and gas leases
<br />no+r, or during the ]ife of this mortgage, executed cn said premises, 4vith the right to t•eceive and receipt
<br />for the same and apply ihem to said indebtedness as welt before as after default in the conditions of this
<br />mortgage. and the Mortgagee may demand, sue for and rez:o3-or any such pa;:rrients tvhEn due and pay-
<br />able, but shall not be required so to do. This assignment is to ter°minate and bocamz null and void upon
<br />rerease of this mortgage.
<br />11. He shall not commit ar permit waste; and shall maintain the property in as good condition as at
<br />present, reasonable wear and tear excepted. Upon any failure to sc maintain, 14iortgagee, at its option,
<br />ma}• cause reasonable maintenance work to be performed at the cast of i~iortgagor. Any amounts paid
<br />therefor by RSartgagee shall hear interest at the rate provided for in the principal indebtedness, shall
<br />tltez•euztan become a part of the indebtedness secured by this ir_strument, ratably and on a parity with alt
<br />other indebtedness secut•ed hereby, and shall be payable thirty {30) days after demand.
<br />12. If thQ premises, or 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, or 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 tc the Mortgagee, and shall be paid forthwith to said liiortgagee, to be
<br />applied on account Gf ±he last maturing installments of such indebtedness.
<br />13. If the i4iortgagaz• fails to make any payments when due, or to conform to and comply with any
<br />of the conditions or agreements contained in this mortgage, or the notes ++•hich it secures, then the
<br />enure principal sum and accrued interest shall at ones become due and payable, at the electior. of the
<br />Mortgagee; and ibis mortgage may thereupon ba foreclosed immediately for the-whale of the indebted-
<br />ness hereby 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 ~i eterans
<br />Administration on account of the guaranty ar insurance of the indebtedness secured hereby, all of which
<br />shall be included in the decree of foreclosure.
<br />14. If'the i~ebtedness secured hereby be guaranteed ar insured under Title 38, United States Code,
<br />such Title and Regulations issued thereunder and in effect an the date hereof shall govern the rights, duties
<br />and liabilities of the parties hereto, and any provisions of this ot• enter instruments executed in connection
<br />width said indebtedness which are inconsistent with said Title or Regulations are hereby amended to
<br />~eonform thereto.
<br />The covenants herein contained shall bind, and the enefits and advantages shall inure to, the
<br />;,r,.~.
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