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<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 bear interest until paid at the 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 />fot• the sum or sums advanced by Mortgagee for the alteration, modet•nization, 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 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 egaal monthly payments for such period as may
<br />be 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 (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 />$. 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 />timts 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 po+ver to appoint any agent or agents it may desire for the purpose of renting the same and col-
<br />lecting the rents, recerates 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 an}•, 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 Mortgagee
<br />mac from time to time remtire, on the improvements now or hereafter on said premises and except +vhen
<br />payment for all such premiums has theretofore been made under (a) of paragraph 2 hereof, will pay
<br />promptly when due an• ums therefor. Upon default thereof, Mortgagee may pay the same. All
<br />insurance shall be ca<rrie m companies approved by the Mortgagee and the policies and renewals thereof
<br />shall be held by the Mott agee artd have attac~i thereto loss payable clauses in favor of and in form
<br />acceptable to the 3ortgagee. In event of loss d1i~•tgagor will give immediate notice by mail to the Mort-
<br />gagee, +vho mac make proof of loss if not made promptly by 3iortgagor, and each insurance company con-
<br />cerned is hereby authorized and directed to make payment for such loss directh~ to the Mortgagee instead
<br />of to the 3iortgagor and the 3ortgagee jointly, and ttie insurance proceeds, or any part thereof,
<br />may 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 other
<br />transfer of #itle to the mortgaged progeny in extinguishment of the indebtedness secured hereby, all
<br />right, title and interest of the 3ortgagor 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 *.Ite payment of the note described, and all sums to become
<br />due under this mortgage, tlrc 3iortgagor hereby assigns to the 3ortgagee all lease bonuses, profits, reve-
<br />nues, royalties, rights, and other benefits accruing to the Mortgagor under an}- and all oil and gas leases
<br />no+v, or during the hie of this mortgage, executed on said premises, +vith the right to receive attd receipt
<br />for the same and apply them to :aid indebtedness as n-eil before as after default in the conditions of this
<br />mortgage, and the 3ortgagee may demand, sue for and recover 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 />I1. He shall not commit or permit waste: and shall maintain the property in as gcxid condition as at
<br />present, reasonable +: ear ana tear excepted. L'pon anc failure to so maintain, Mortgagee, at its option,
<br />may cause reasonat}it maintenance work to be performed at the cost of Mortgagor. Any amounts paid
<br />therefor by Mc~rtga~ee shall lxrar 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 ail
<br />ot}:er indebtQdttes secured hereby, and shall be payable thirty (30) days after demand.
<br />I2. If the premises, or any part thereof, be condemned ender the po++•er of eminent domain, or
<br />acquired far a public use. the damages awarded, the proceeds for the taking of, or the consideration for
<br />such acquisition, to the ext=~nt of the full amount of the remaining unpaid indebtedness sc--cured b}• this
<br />mortgage, or hereby a~igned to the Mortgagee, and shall 1~ paid forth.+;th to said Mortgagee, to be
<br />applied on account of the last maturing irtstaIiments of such indebtedness.
<br />13. If the Diortgagx fails to make any pa;ments when due, ar to cnnfurm to and comply with any
<br />of the conditions or agreements contained in tl':is mortgage, u;• the n<,tes ++hirh it secures, then the
<br />entire principal sum and accrued interest shall at once become due and payaitle, :at the election of the
<br />Mortgagee; and this mortgage may thereupon be foreclosed immediately for the wh„le of the indebted-
<br />ness hereby secured, including the cost of exten,iing the abstract of title from the date of this mort-
<br />gage +_o the time of commencing such suit, a reasonable attorney's fee, and any sums paid by the Z'eterans
<br />Administration on account of the guaranty or insurance of tl:e indebtedness seemed hereby, all of which
<br />shall be included in the decree of foreclosure.
<br />19. if the indebtedness secured hereby be guaranteed or insut•ed 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 previsions of this or other instruments executed in connection
<br />with said indebtedness which are incansisient with said Title or Pegulations are hereby amended to
<br />coafarm thereto.
<br />The covenants heroin contained shall bind, and the benefits and advantages shall inure to, the
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