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79d- i~t~3388
<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 perfot•m 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 bear interest until paid at t-te rate provided
<br />for 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 alteration, modernization, or improvement made at
<br />the Mortgagor's request; or for maintenance of said premises, or for tales or assessments against the
<br />same, and for any other purpose elsewhere authorized hereunder. Said note or notes shall be secured
<br />hereb}- on a parity 4c-ith and as fully- as if the advance evidenced thereby +cere included in the note first
<br />described above. Said supplemental note or notes shall bear interest at the rate provided for itt 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 3ortgagee and 11lortgagor. Failing to agree on the maturity-, the whole of the Burn
<br />or sums so advanced shall be due and gayable thirty- (30) days after demand by the 1Vlortgagee. In no
<br />event shall the maturity- extend beyond the ultimate maturity of the note first described above.
<br />b. He hereby assigns, transfers and sets over to the i<iortgagee, to be applied toward the payment of
<br />the note and sll sums secured hereby in case of a default in the performance of any- of the terms and condi-
<br />tions of this mortgage err the said note, all the rents, revenues and income to be derived from the mort-
<br />gaged premises during such time as the mortgage .ttdebtcdncss shall ter..ai=.:npaid; and the Mortgagee
<br />shall hate power to appoint any agent or agents it may desire for the purpose of renting the same and co}-
<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 totyard the discharge of said mortgage indebtedness.
<br />9. He t~i11 coafinuously- maintain hazard insurance, of such type or types and amounts a, Mortgagee
<br />may from time to time rt>c?wire, on the imprmemettts Hate or hereafter on said premises and except when
<br />payment fot• all such premiums has theretofore been made under (a) of paragraph 2 hereof, ++•ill pay
<br />promptly tvhett due any premiums therefor. Upon default thereof, Mortgagee may- psi}• the same. All
<br />insurance shall ba carried is companies approved by the :lfartgagee and the policies and renewals thereof
<br />shall be held by the \fartgagee and have attached thereto loss payable clauses in favor of and in form
<br />acceptable to the Mortgagee. In event of loss ?sortgagor n-ill give immediate notice by- mail to the Mort-
<br />gagee, s+•ho may- make proof of loss if not made proriptly by- :iiortgagor, and each insurance company con-
<br />cerned is hereby- authorized and directed to make pay-ment for such loss ciiractly to the Jiortgageu instead
<br />of to the Mortgagor and the .Mortgagee jointly-, and the insurance proceeds, or any part thereof,
<br />may be applied by the Mortgagee ai itsroption either to the reduction of the indebtedness hereby secured
<br />or to the restaratiott or repair t,f the property damaged- In event of foreclosure of this mortgage, or other
<br />transfer of title to the n;ortgaged praper%y in extinguishment of the indebtedness secured hemby, all
<br />right, title and interest cf the lliartgagor in and to any insurance pallet-=-e then in force she!! pass to the
<br />purchaser err grantee-
<br />10. As additional and c~.llateral sxurity for the payment of the nui~• do-s~ i-ibed. and all sums to become
<br />due under this mortgage, the Mortgagor hemby assigns to the 3iorigagce all lease botruses, profits, reve-
<br />nues, royalties, rights, an;t other benefits accruing to the :lfortgagor under any and all oil and gas leases
<br />now, or during fire life of this mortgage, executed on mid premises, tt itit the right ::~ receive and receipt
<br />for the same and apply- thc_ri to said indebtedness as troll before as after tlet-auli in t:~e conditsons of this
<br />rr:ortgage, and the 9lot-tgag~-e mac demand, sue for and rc>~'uyer any- such payments +yhest due and pap-
<br />ab}e, but. shat! not be reiluit•c-d so to do. This assignmei,t is to termSnate and become nut} and +•oid upon
<br />retool=°. c?f this mertgage-
<br />Il. He shall not eorttmit or permit t+•aste; and shall maintain the propert}- in its gnxxj i•ondition as at
<br />present, reasonable wear and tear excepted. L'pan any failure to sa maintain, \iortgagee, at its option,
<br />nosy cause reasona`t~k= maintenance work to be perform~-I at the cc:st of Mortgagor. Any amounts paid
<br />therefor by Muitg"ag,'r ,hall Isar interest at t}te rat:> provided for itt the principal indebtedness, shall
<br />*_hereupan became a l.art of the indebtedness secured by Phis instrument, ratable and on a parity with a}1
<br />other indebt.eclnras secured hereby-, and shall t>i' payable thirty- (30) days after demand.
<br />12. if the premi~.es, irc any part thereof, be ix,ndemned under the lwnet• of eminent domain, or
<br />a:•quirirti far a pub}i, us~>.:.r damages ax•arc'ed, the prc~eeds f±,r the taking or', or tl:e consideration for
<br />sun acquisiticin, to the i-xt_~=,t of the full a~nuunt of the rrmainittg unpaid indebtedness secured by this
<br />mortgage, or beech}- assigned to t};e Mortgageee, and shall lk paid forthu-ith to said Mortgagee, to be
<br />applied an acci,ut:*. +•f the 1a.st maturing installments of such indebtedness.
<br />ice. If the ~Iorigagur fails to make err pati-ments when due. err to c•r;nf orm tc, and comply x•ith any,
<br />of the canditiors err agreements cuntait.ed in this m: _*tgage, err trio rnt~-s ~thieh it secures, then the
<br />entire printipal sum and aecruedantert=st x1,211 at once bc~ome due and payable, at the election of the
<br />4furtgagee; and ±his nortgage may thereupon be foreclosed immediately- for the tyhule of the indebted-
<br />n,.s h.>reb~- ~,-tend, ?--,~1,_d,ng vh:..~r t,f ex-t~u:li»*~ the abstract c. itle .tam t}te cIa '
<br />- »6 to vi this mort-
<br />gage to the time of commencing such suit, a reasonable attorney's fee,*and any* aum> paid hy- the Veterans
<br />Administration on account of the guaranty er ir~suranee of the inclebtc>dness secured hYrrby; all of a•hieh
<br />shall be ine}udc=tl in the dee.ree of foreclosure.
<br />I~. If the indebtedness secured hereby tae gtrarantcfd or insured under Title 38, United States Code,
<br />such Tits and Regttlatinns isat3e~i tlrereunder anti in effxt on Lhe irate heel ~# shall govern the righter, duties
<br />and liabilities of the parties hereto, and any prof°isions of this rr other instruments exc~uied in eonneeiion
<br />rsdth said indebtedness which see ittccnsistent with said Title err Y.egulations are hereby amended to
<br />conform thereto.
<br />The co+>enants herein csontained shall bind, and the benefits and advantages shall inure to, the
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