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<br />6. If he fails to nay any sum ar• keep any covenant provided for in this mortgage, the Mortgagee, at
<br />its option, may pay ar perform the same, and all expenditua•es so made shall be added to the principal sum
<br />au-ing an the above note, shall be secured hereby, and shall bear interest until paid at the rate provided
<br />foa• in the principal indebtedness.
<br />7. upon request of the Mortgagee, Alartgagor shall execute and deliver a supplemental note or notes
<br />far the scan ar sums advanced by Mortgagee far the alteration, modernization; or improvement made at
<br />the Mortgagor's request; or for maintenance of said premises, ar for taxes oa• assessments against the
<br />same, and for any other purpose elsewhere authorized hereunder. Said note or notes shall be secured
<br />herelsy on a parity tivith 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 prvvidec} for in the prin-
<br />cipal indebtedness and shall be payable in approximately equal mo*_athly payments for such period as may
<br />be agreed upon by the Mortgagee and Mortgagor. Failing to agree ozz the maturity, the whole of the sum
<br />oa• sums sa advanced steal} be due and payable thirty (36) days after demand by the 3lortgagee. In no
<br />event shall the maturity extend beyond the ultimate maturity of the Hate first described above.
<br />R. xe hereby assigns, transfers and sets over to the illortgagee, tv be applied tvtvard the payment of
<br />the note and ail seine secured hereby incase of a default in the performance of any of the terms and condi-
<br />tions of this mortgage er t!ze said note, al! the rents, revenues and ineame to he derived from the rzort-
<br />gaged premises during such time as the mortgage indebtedness shall remain unpaid; and the 3tartgagee
<br />shall have power to appoint any agent or agents it may desire for the gurpose of renting tiro same and cat-
<br />lecting the rents, revenues and income, and it may pay out of said incomes atl necessary commissions and
<br />expenses incurred in reating and managing the same and of collecting rentals therefrom; the balance
<br />remaining, if any, to he applied toward the discharge of said mortgage indebtedness.
<br />9. He will centitnrausiy maintain hazard insurance, of such tcge or types and amounts as Mortgagee
<br />may from time tv time a•enuiae, on the improvements now or hereafter on said premises and except wizen
<br />payment for all such premiums has theretofore been made under (a) of paragraph 2 hereof, ~z-ill pay
<br />promptly «°hen due any premiums therefor. Upon default thereof, Mortgagee may pay the same. 911
<br />insurance shall be carried in companies approved by the 3lortgagee and the policies and a•encwals thereof
<br />shall he held by the Diartgagee and have attached thereto lass payable clauses in favor of and in form
<br />acceptable to the 3lortgagee. In event of loss IClortgagor :will give immediate notice by mail to the I4lort-
<br />gagee, ~vho may make proof of lass if not made promptly by Mortgagor, and each insurance company con•
<br />;:creed is hereby authorized and dia•ected to make payment for such loss directly to the 3lortgagee instead
<br />of to the Mortgagor and the 3lortgagee jointly, and the insurance proceeds, or any part thereof,
<br />may be applied by the I~Yoa-tgagee at its option either to the reduction of the irdebtedness hereby secured
<br />yr to the restoration oa° repair of the property damag~3. In ever=t of oreclosure cf this mortgage, or at!:er
<br />"transfer of title to the mortgaged property in extinguishment of the indebtedness secured hereby, all
<br />right; title and interest of the 3iortgagvr in and to any iztsnrance policies titer in force shall pass t~ '~?
<br />purchaser or gz•ante~.
<br />10. 9s additional anti co}}ateral security fort}te payment of the note described, and all sums to become
<br />due under this mortgage, the ~lartgagar hereby assigtas to the 3lortgagee all lease bonases, pt•ofits, reve-
<br />nues, royalties, z•ights• and other bone#its accruing to fire Mortgagor undez• any and all oil and gas leases
<br />Hate, or during the life of this mortgage, executed vn said premises, with the right to receive and receipt
<br />foz° the same and app}y them to said indebtedness as well before as after default. in 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 eat be required so to da. This assignment is to terminate and become null and void upon
<br />release of this mortgage.
<br />1i. He shall not camnait or permit waste; and shall maintain the property in as good condition as at
<br />present, reasanab!e wear and tear excepted. Upon a ~- failua•e to sc maintain, Mortgagee, at its option,
<br />may cause reasonable maintenance work to be performed at the cost of Mortgagor. Any anzaunts paid
<br />therefor by Mortgagee shall bear interest at the rate provided for in the principal indebtedness, shall
<br />thereupon become a part of the indebtedness secured h-v this instrument, ratably and an a parity with all
<br />other indebtedness secured }aereby, and shall be payable thirty (30) days after demand.
<br />?2. If the premises, or• an}• part thereof, lee cvndemred under the poorer of eminent domain, ar
<br />acquired for a public use, the damages awarded, the pzoceeds 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 to the 3lortgagee, and shall be paid forthwith to said 3lortgagee, to be
<br />applied on aecaunt of the last matzrrit_g instai}n:en*.s of such indebtedness.
<br />?3. If tfte 3lvrtgagvr fails to make any pay rnents when due, or to conform to and comply with any
<br />of the conditions ar agreements contained in this mortgage, or the notes which ii secures, then the.
<br />entire principal sum artd accrued interest shall at once bearn7e due aucl payable, at the election of the
<br />;Mortgagee; and this mortgage mac thereupon be for°eclosed irnmediateiy for the whale of the indebted-
<br />Hess hereby secured, including the cast of extending fife abstract of title from t}re date of this mort-
<br />gage to the time of caatmencing :.uch suit, a reasonab}e attorney's fee, artel any sums paid by the t'eterans
<br />9dministrativn on aecaunt of t}te guaranty ar insurance of t!te indebtedness severed hereby-, all of which
<br />shall be included is the cleeree of foreclosure.
<br />1~. if the indebtedness secured hereby be guaranteed aa° insured under Title 38, united States Cade,
<br />szzeh Title and I~egulatians issued thereunder and in e#fect on the date hereof shall gavea•n the rights, duties
<br />acid 3iabi}hies of-the parties hereto, and any provisions of this or tither instruments executed in connection
<br />with said indebtedness which. ors inconsistent with said Tit}e oz• Fegulatians are hereby amended to
<br />conform thereto.
<br />The covenants herein contained shall bind, and the benefits and advantages shalt inure to, the
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