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<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,.~. <br />