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<br />~w~,. If lte fails tiC3 pa;y aI2F sttm ar lieEp any C~~J~ enanr ~r~~v,*iq~lr~,r„1 f~r,~r ir, tfi;E~E~ m?:YY'~ ~;agt+, thy' M+J3'tga~e~, ~6t
<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 alwve Hate, shall be secured hereby, and shall bear interest until paid at the rate provided
<br />far in the principalindebtedneas.
<br />r. Upon request of the Mortgagee, Mortgagor shall execute and deliver a supplemental note or Hates
<br />for the sum or sums advanced by Mortgagee for the alteration, modernization, or improvement made at
<br />the Mortgagor's request; or for maintenance of said premises, or for taxes or assessments against the
<br />same, and far any ether purpose elsewhere authorized hereunder. Said note or notes shall be secured
<br />hereby 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 in approximately equal monthly payments for such period as may
<br />ba agreed upon by the Mortgagee and Mortgagor. Failing to agree on the maturity, the whole of the sum
<br />or sums so advanced shall be due and payable thirty (34) days after demand by the Mortgagee. In no
<br />event shall the maturity extend beyond the ultimate maturity of the 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 note and all sums secut•ed hereby in case of a default in tine performance of any of the ternrs 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 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. He will continuously maintain hazard insurance, of .,-,h type or types and amounts as Mortgagee
<br />may from time to time require, on the improvements now or hereafter on said premises and except when
<br />payment for all such premiums has theretofore been made under (n) of paragraph 2 hereof, will pay
<br />promptly when due any pt•enriums therefor. Upon default thereof, Mortgagee may pay the same. All
<br />insurance shall be cat•ried in companies approved by the Mortgagee and the policies and renewals thereof
<br />shall be held by the Mortgagee and have attached thereto loss payable clauses in favor of and in form
<br />accep+_able to the Mortgagee. In event of loss Mortgagor will give immediate notice by mail to the Mort-
<br />gagee, who may make proof of loss if not made promptly by bSortgagcr, and each insurance company con-
<br />corned is hereby authorized and directed to make payment for such loss direcily to the Mortgagee instead
<br />of to the ~4ortgagor and the Mortgagee jointly, and the insurance proceeds, or any part thereof,
<br />may be applied by the Mortgagee at it$ option either to the reduction of the indebtedness hereby secured
<br />w' to the restoration or t•epuir of the property damaged. In event of foreclosure of this mortgage, or other
<br />transfer of title to the mos•tgaged property in extinguishment of the indebtedness secured hereby, all
<br />right, title and interest of the 14lortgagor in and to any insurance policies then in force shall pass to the
<br />purchaser or grantee.
<br />14. As additional and collateral seeur%ty for the payment of the note described, and all sums to become
<br />due under this mortgage, the &lortgagor 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 />note, or during the life of this mortgage, executed on said premises, with the right to receive and receipt
<br />for ±he same and appl}- them to said indebtedness as well before as after default in the conditions of this
<br />mortgage, and the 14lortgagee may demand, sue for and recoaer any such payments when 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 />11. He shall not commit or permit waste; and shall maintain the property in as good condition as at
<br />present, reasonable wear and tear excepted. Upon any failure to so maintain, Mortgagee, at its option,
<br />may cause reasonable maintenance work to be performed at the cost of >Vlcrtgagor. Any amounts paid
<br />therefor by Mot•te~gee shall bear interest at the rata provided for in the jn•itteipal indebtedness, shall
<br />thereupon become a part of the indebtedness secured by this instrument, ratably and on a parity with all
<br />other indebtedness secured hereby, and shall be payable thirty (:34) days after demand.
<br />12. If the premises, or any part thereof, be condemned under the po++•cr 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 tite extent of the full amount of the remaininH unpaid indebtedness secured by this
<br />mortgage, or hereby assigned to the Mortgagee, and shall be paid forth+vith to said Mortgagee, to be
<br />applied on accawtt of the last maturing installments of such indebtedness.
<br />13. If the Mortgagor 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 />Entire principal sum and accrued interest shall at once become due and payable, at the election of the
<br />Mortgagee; 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 of this mot•t-
<br />gage to the time of commencutg such suit, a reasonable attorney's fee, and any sums paid by the Veterans
<br />Administration on account of the guaranty or insurance of the irtdebtedress secured hereby, all of which
<br />shall be included in the decree of foreclosure.
<br />14. If the indebtedness secured hereby be guaranteed or insured under Title 38, United States Cnde,
<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• ether instruments executed in connection
<br />with said indebtedness which are inconsistent with said 'Pule or Kegulations era hereby amended to
<br />conform thereto.
<br />The anvenartta herein contained Khan hind, and the bent5ftt,5 and advantages steal! inur•c~ to, the
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