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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 />for the sum or sums advanced by Mortgagee for the alteration, modernization, oz• 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 paz•ity with and as fully as if the advance evidenced thereby +vere 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 ISlortgagee 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 in case of a default in the performance of any of the terms and condi-
<br />tions of this mortgage oz• 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 power to appoint any agent or agents it may desire for the purpose of renting the same and col-
<br />lecting the rents, zevenues and income, and it may pay out of said i~.comes all necessaz•y 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 moztgage indebtedness.
<br />9. He will continuously maintain hazard insurance, of such type or types and amounts as Mortgagee
<br />may from time to time require, on the improvements now or hereafter on said premises and except svhen
<br />pa}•ment for all such premiums has theretofore been made under {e) 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 in companies approved by the 3ortgagee and the policies and rene+vals thereof
<br />shall be held by the Dortgagee a,nd have attached thereto loss pa}•able clauses in favor of and in form
<br />acceptable to the .lortgagee. In event of loss Mortgagor will give immediate 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 fur such loss directly to the Rortgagee instead
<br />of to the 3ortgagor and the Mortgagee jointly, and the insurance proceeds, or any part thereof,
<br />may be apnlied 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 title to the mortgageu property in extinguishment of the indebtedness secured hereby, al]
<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 all sums to become
<br />due under this mortgage, the Mortgagor hereby assigns to the 3ortgagee atl (ease bonuses, profits, reve-
<br />nues, royalties, rights, and other benefits accruing to the Mortgagor under any- and all oil and gas leases
<br />no+v, or during the life of this mortgage, executed on said premises, kith the right to receive and receipt
<br />for the same and apph• them to said indebtedness as n-ell before as after default in the conditions of this
<br />mortgage, and the Mortgagee 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 terming±e and become null and void upon
<br />release of this mortgage.
<br />11. He shall not eammit ar 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 Diartgagor. Any amounts paid
<br />therefor b}- 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 />]2. If the premises, or any part thereof, be condemned under the po+cer 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 extort of the full amount of the remaining unpaid indebtedness secured by this
<br />mortgage, or hereby assigned to the Mortgagee, and shall be paid forthn-ith to said hlartgagee, to be
<br />applied on account of the last maturing installments of such indebtedness.
<br />13. If the .lortgagor 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 ++hich it secures, then the
<br />entire principal sum and accrued interest shall at Dace become due and payable, at the election of the
<br />Mortgagee; and this rzmartgage may thereupon be foreclosed immediately for the whole of the indebted-
<br />ness hereby secuzed, 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. Tf the indebtedness secured 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 connection
<br />.with said indebtedness which are inconsistent with said Title or Populations 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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