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<br />f,. I~~f }tie fails to lxa~,tr .any- sun~a or Ikq:ep ttt,~ c,r~,,~~~~zr ~a,nit prcr< ideri fon° irt, tYuis nsortgag,~e, the Mo~rt~gag~., at.
<br />its option, may pay or perform the same, and all e:cpercditur=.:: so made shall Yx added to the principal sum
<br />ou ing vn the alx>ve note, shall be secured hereby, and shall YtEar interest until paid at the rate provided
<br />for in the prir~ipal indebtedness.
<br />7. Upon request of the ttortgagee, Mortgagor shall execute and deliver a supplemental note or notes
<br />for the sum or sums advanced by Mortgagee for the alteration, modernization, or improvement made at
<br />the Morigagor'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 an a parity tc itlt and as folly 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 />be agreed upon by the Slertgagee and Mortgagor. Failing to agree on the maturity, the whole of the sum
<br />or sums sa advanced shall be due and payable thirty (30) days after demand by the Mortgagee. In no
<br />event shall the maturity e:<tend 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 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 during such time as the mortgage indebtedness shall remain unpaid; and 'the Mortgagee
<br />shall have poi;-er 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 />expense, 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 ticil] continuously maintain hazard insurance, of such type or types and amounts as Mortgagee
<br />may from time to time regaire, on the improvements now or hereafter on said premises and except when
<br />payment for all such premiums has theretofore been made under (¢) of paragraph 2 hereof, will pay
<br />promptly .oboe due any premium-,s therefor. Upon default thereof, Mortgagee may pay the same. Aii
<br />insurance shall be carried 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 />acceptable to the .Mortgagee. In event of loss Mortgagor will give inuttediate notice 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 payment for such loss directly to the &iortgagee instead
<br />of to the .Mortgagor and the Rortgagee jointly, and the insurance proceeds, or any part thereof,
<br />may be applied by the Mortgagee at itsoption 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 />transfer of title to the mortgaged property in extinguishment of the indebtedness secured hereby, all
<br />right, title and interest of the Iliortgagor in and to any insurance policies then itt force shall pass to the
<br />purchaser or grantee.
<br />10. 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 Itiortgagee ail lease bonases, profits, reve-
<br />nues, royalties, rights, anal ct}ter benefits accruing to the Rortgagor under any and all oil and gas teases
<br />notiv, or during the life of this mortgage, executed on said premises, with the right to receive and receipt
<br />for the same and apply them to said indebtedness as well before as after default fn the conditions of this
<br />mortgage, and the Mortgagee may demand, sue for and recover any such payments when due and pay-
<br />ab;e, but shall not be required so to do. This assignment is to terminate and become nuIl and void upon
<br />release of this mortgage.
<br />it He shat! 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 Mortgagor. Any amounts 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 by this instrument, ratably and on a parity with all
<br />other indebtedness secured hereby, and shall be payable thirty (30) days 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 of, or the consideration for
<br />such acquisition, to the extent of the full amount of the temaining unpaid indebtedness secured by this
<br />mortgage, or hereby assigned to the Mortgagee, and shall be paid forthwith to said Rlortgagae, to be
<br />applied on account 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 which it secures, then the
<br />entire principal sum and accrued interest shall at once become due and payable, at the elc>ction of the
<br />Mortgagee; and this mortgage may thereulxtn be foreclosed immediately for the whole of the indebted-
<br />ness hereby seeueed, including the cost of extending the abstract of title fl•om the date o£ this mnrt-
<br />gage to the time of cmnmencing 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 itdebtedness secured hereby, all of which
<br />shall be included in the decree of foreclosure.
<br />14. If the indebtedness secw•ed 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 provisions of this or other instruments executed in connectior,
<br />with said indebtedness which are inconsistent with said Title or Regulations xre hereby amended to
<br />confortn thereto-
<br />The covenants het•ein contained shall bind, and the benefits and advantages shall inure to, the
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