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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 pei form 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 />fot• in the principal indebtedness.
<br />7. Upon request of the Aortgagee, 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 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 equal monthly payments for such period as may
<br />to agreed upon by the Aortgagee 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 all 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 dm•ing 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 put•pose 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 such type or types and amounts as Mortgagee
<br />may from time to time rewire, on the improvements now or hereafter on said premises and except when
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<br />promptly when due any premiums therefor. V Upon default thereof, Mortgagee may pay the same. All
<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 A{ortgagee. In event of loss Mortgagor will glee immediate notice by mail to the Mort-
<br />gagee, who mac make proof of loss if not made promptly by Aortgagor, and each insurance company con-
<br />cerned is herehy authotized and directed to make payment for such loss directl>- to the Mortgagee instead
<br />of to the Aortgagor and the iortgagee jointh', and the 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 fm•edosure of this mortgage, or other
<br />transfer of title to the mortgaged property in extinguishment of the indebtedness secured herehy, all
<br />right, title and interest of the Aiorkgagor in and to any- insurance policies then in force shall pass to the
<br />purchaser or grantee.
<br />10. As additional aatd collateral security- for the payment of the note described, and all sums to become
<br />due under Phis mortgage, the Mortgagor hereby assigns to the Mortgagee a1} lease bonuses, profits, reve-
<br />nues, royalties, rights, and other benefits accruing to the Mortgagor under any and a!1 oil and gas leases
<br />now, or during tee lift of this mortgage, executed on said premises, with the right to rcyceire and receipt
<br />for the same and apply them to said indebtedness as well befm-e as after default in the conditions of this
<br />mortgage, and the Jiorigagee may demand, sue for and recover any- such payments when due and pay-
<br />able, but shall not be requited so to do. This assignment is to terminate and become null and void upon
<br />release of this mortgage.
<br />li. He shah not commit or permit waste; and shall maintain the property in as good condition as at
<br />present, reasonable ;rear and tear excepted. Upon any- failure to so maintain, Aortgagee• at its option,
<br />may- cause reasonable maintenance yrork to be performed at the cost of Mortgagor. any anwunts paid
<br />therefor b>• Aortgagee shall bear interest at the rate provided for itt the principal indebtedness, shall
<br />thereupan become a part of the indebtedness secured by this instrument, ratable and on a 15aritc with all
<br />other indebtedness secured hereby, and shall be payable thirty (30) days after demand.
<br />i2- If the premises, or any part thereof, be condemned under the power of eminent domain, or
<br />acquired for a public use, t}~e damages awarded, the proceeds far the taking of, or the consideration for
<br />such acgvisitiott, to the eitent of the full amount of the remaining unpaid indebted*.:ess secured by this
<br />mortgage, or hereby assigned to the Mortgagee, and shall be paid forthwith tc said Mortgagee, to be
<br />applied on account of the last maturing installments of such indebtedness.
<br />i3. If the Aforigagor fails to make auy payments .risen due, or to conflu-m to and comply with any
<br />of the conditions or agreements contained in this mortgage, or the notes ~rhich it secures, then the
<br />antfre 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 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 />14. If the indebtedness secured hereby be guaranteed or insured under Title 3$, United States Code,
<br />sttch Title and Regulations issued (hereunder 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 othet• instruments executed in connection
<br />with said indebtedness which are inconsistent with said Title or Regulations are hereby amended to
<br />conform thereto.
<br />The covenants herein contained shall bind, and the benefits and advantages shall inure to, the
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