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<br />6. If he fails to pav any sum or keep any covenant provided for in this mortgage, the Mortgagee, at
<br />its option, may pay or 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 shalt bear interest un±il paid at the rate provided
<br />for in the principal indebtedness.
<br />7. Upon request of the Mortgagee, Mortgagee shall execute and deliver a supplemental note or notes
<br />for the sum or sums advanced by Mortgagee for the alteration, modernization, ot• improvement made at
<br />the Mortgagor's request; or for maintenance of said premises, or for taxes or assessments against the
<br />same, and for any other purpose elsewhere authorized hereunder. Said note or notes shall be secured
<br />hereby on a parity .cith 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 in approximately equal monthl}• payments for such period as may
<br />be agreed upon by the Aortgagee and Mortgagor. Failing to agree on the maturity, the whole of the sum
<br />Ot' SUn1S SO 3dvaItced shall be due and payable thirty (30) days after demand by the Mortgagee. In no
<br />event shall the maturity extend beyand the ultimate maturity of t}te note first described above.
<br />8. He hereby assigns, transfers and sets over to the Mortgagee, to be applied toward the payment of
<br />the not ;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 d!tring such time as the mortgage indebtedness shall remain unpaid ;and the Mortgagee
<br />shall pace 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 />expanses 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. He wilt continuoush• maintain hazard insurance, of such type or types and amounts as Mortgagee
<br />mac fmm__ Lima to time t•ert~ite, nn the imprnvamentS ttnlp nr 11ere3ftQr nn said nrem ices anr] axegnt when
<br />pa}ment for all such premiums has theretofore been made under (a) of paragraph 2 hereof, will pay
<br />promptly when due any premiums therefor. Upon default thereof, Mortgagee may pay the same. • All
<br />insurance shall be carried in companies approved by the l4fottgagee and the policies and renewals thereof
<br />shall be held by the .Mortgagee ane~haresttached thereto loss payable clauses in favor of and in form
<br />acceptable to the \iortgagee. In ev~tt of loss Mortgagor will give immediate notice by mail to the Mort-
<br />gagee, n•ho may make proof of ions if';[sot made promptly by Mortgagor, and each insurance company con-
<br />cerned is hereby authorized and directed to make payment for such loss directly to the iortgagee instead
<br />of to the Jortgagor and the \iortgagee jointly, and the insurance proceeds, or any part thereof,
<br />may be applied by the Mortgagee at~ts option either to the reduction of the indebtedness hereby secured
<br />or to the restoration or repair of the property damaged. In event of foreclosure of this mortgage, or other
<br />tranefer of title to ±he mortgaged property in extinguishment of the indebtedness secured hereby, all
<br />right, title and interest of the Mortgagor in and to any insurance policies then in force shall pass to the
<br />purchaser or gt•antee.
<br />16. As additional and collateral security for the payment of the note described, and all 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 leases
<br />nor, or during the Life of this mortgage, executed on said premises, with the right to receive and receipt
<br />for the same and appl}~ them to said indebtedness as well before as after default in the conditions of this
<br />murtgage, and the 1ortgagee may demand, sue for and recover any such payments when due and pay-
<br />abie, but shall not be required so to do. This assignment is to termina~e and become null and void upon
<br />release of this mortgage.
<br />11. He shall not commit or permit waste; and shall maintain the property in as good condition as at
<br />preseni, reasonable ~t ear and tear excepted. Upon any failure to so maintain, Mortgagee, at its option,
<br />ma}- cause reasonable maintenance work to be performed at the cost of 3lcrtgagor. Any amounts paid
<br />therefor b}- Mortgagee shall bear interest at the rata provided for in the principal indebtedness, shall
<br />thereupon become a part of the indebtedness secured by this instrument, ratabh• and on a parity with all
<br />other indebtedness se-cured hereby, and shall be payable thirty (30) da}-s after demand.
<br />12. If the 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 uf, or the consideration for
<br />such acquisition, to the extent of the full amount of the remaining unpaid indebtedness secut•ed by this
<br />mortgage, or hereby assigned to the Mortgagee, and shall be paid fm•thwith to said Mortgagee, to be
<br />applied on account of the I:ut maturing installments of such indebtedness.
<br />13. If the Mortgagor fails to make any payments when due, or to confn~•m to and comply with any
<br />of ttte conditions or agreements contained in this mortgage, or the notes ~rhich it secures, then the
<br />entire principal sum and accrued interest shall at once become due and payable, at the election of the
<br />9ortgagee; and this mortgage may thereupon be foreclosed immediately for the whole of the indebted-
<br />ness hereby secured, including the cost of extending the abstract of title from the date o€ this mort-
<br />gage to the time of commencing such suit, a reasonable attorney's fee, and an}• 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 />1~. If the indebtedness secured hereby be guaranteed or insured under Title 38, United States Code,
<br />such Title and Regulations issued thereunder and in effect on the date hereof shall govern the rights, duties
<br />and liabilities of the parties hereto, and any pravisions of this or other instruments executed in connection
<br />with said indebtedness which are i~onsis+_r_nt with said Title or Regulations are hereby amended to
<br />conform thereto.
<br />The covenants herein contained shall bind, and the benefits and advantages shall inure to, the
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