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79- Ult3~48 <br />6. If he fails to pay 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 shall beat• interest until paid at the rate provided <br />far in the principal indebtedness. <br />7. Upon request of the Mortgagee, Mortgagor shall execute and deliver a supplemental note or notes <br />for the sum or sums advanced by Mortgagee for the altet•ation, modernizatian, 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 for any other gurpose 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 lire prin- <br />cipal indebtedness and shall be payable in approximately equal monthly payments for such period as may <br />be agreed upon by the Riortgagee and Mortgagor. Failing to agree on the maturity, the whole of the sum <br />or sums so advanced shall be due and payable thirty (30) 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 ail sums secured hereby incase 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 du!•ing such time as the mortgage indebtedness shall remain unpaid; and the Mortgagee <br />shad have Bower 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 ail necessary commissions and <br />expenses incurred in renting and managing the same and of coileeting 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 such type or types and amounts as Riortgagee <br />map from time to time require, on the improvements now or hereafter on said premises and except when <br />payment for all such premiums has theretofare 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 t+rcompanies approved by the Riortgagee and the policies and renewals thereof <br />shall be held by the Riortgagee and have attached thereto loss payable clauses in favor of and in form <br />acceptable to the Riortgagee, In event of loss Riortgagor will give immediate native by mail to the Riort- <br />gagee, wha may make proof of toss if not made promptly by Mortgagor, and each insurance company con• <br />corned is hereby authorized and directed to make ga}meet for such loss directly to the Mortgagee instead <br />of to the Mortgagor and the Riortgagee jointly, and the insurance proceeds, or any part thereof, <br />map be applied by the Mortgagee at its 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 o*her <br />transfer of title to the mortgaged property in extinguishment of the indebtedness secured hereby, ail <br />right, title and interest of the Mortgagor in and to any insurance policies then in force shall pass to the <br />purchaser or grantee. <br />10. As additional and collateral security for the payment of the note described, and ail sums to become <br />uue under this mortgage, the Rortgagor hereby assigns to the Riortgagee alt lease bonuses, profits, reve- <br />nues, royalties, rights, and ether benefits accruing to the Mortgagor under any and all oil and gas leases <br />now, or during the life of this mortgage, executed on said Premises, with the .right to receive and receipt <br />ft: the same and appl}- them to said indebtedness as well before as after default in the conditions of this <br />mortgage, and the Riortgagee may demand, sue for and recover any such payments when due and pay- <br />able, but shall not be required s~ to do. This assignment is to terminate and become null and void upon <br />release of this mortgage. <br />Ii. He shall not commit or permit u-ante; and shall maintain the property in as good condition as at <br />present, reasonable n-ear and tear excepted. Upon any failure to so maintain. Riortgagee, 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 became a part of the indebtedness secured by this instrument, ratable and on a parity with all <br />other indebtedness secured hereby, and shall be payable thirty (30} days after demand. <br />lg. If the premises, or any part thereof, be condemned under the powet• of eminent domain, or <br />ac°qui_*ed for a public 3?se, 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 herebv assigned to the Mortgagee, and shall be paid t"orthxvith to said 14Tortgagee, to be <br />applied on account of the last maturing installments of such indebtedness. <br />13_ If the Rortgagor fails to make any pa}-meets when due, or to conform to and comgly with any <br />of the conditions or agreements contained in #his mortgage, or the notes which it secures, then the <br />en#ire 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 a-hole 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 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 />19. If the Indebtedness secured hereby be guaranteed ar insured under Title 38, United States Code, <br />such Tine 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 connection <br />•wlth said indebtedness which are incoaaistent with said Title or Pegulations are hereby amended to <br />conform thereto. <br />The covenants herein contained shah bind, and the benefits and advantages shall inure to, the <br />`. ~ ~?. <br />