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<br />79-1 t1~1''1? 14
<br />6. If he fails tv 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 bfortgagee 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 t}te
<br />same, and for any oche: purpose elsewhere authorized hereunder. Said note or notes shall be secared
<br />hereby on a parity tivith 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 itttet•est 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 lortgagee and Mortgagor. Failing to agree on the maturity, the w hole of the sum
<br />or sums so advanced shall be due and payable thirty (30) days after demand by the &fortgagee. 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 o~~er 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 power 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 all necessary commissions and
<br />expenses incurred in renting and managing the same and of coilec±ing rentals therefrom; the balance
<br />remaining, if any, to 6e applied toward the discharge of said mortgage indebtedness.
<br />~ H° ..'ill ~^^..ntititi:tti°~`. ' n~..ntai n iia~ar(? i„~.., .. - , "f 3uCh `',,'pc oc iypea tr,d amGunta' a5 in origabee
<br />mar from time to time remiit•e, on the impros•ements now or hereafter on said premises and except when
<br />;~_pa~ment for all such premiums has theretofore been made under (a) of paragraph 2 hereof, will pay
<br />omptly when dueany premiums theYefor. Upon default thereof, Mortgagee map pay the same. All
<br />suratice shall be carried in companies approved by the l@rtgagee and the policies and renewals thereof
<br />shall be held b9 the Mortgagee and have attached thereto~K~s payable clauses in favor of and in form
<br />acceptable to the 3ortgagee. In event of loss Mortgagor mill give immediate notice by mail to the Mort-
<br />gagee, who mac• 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 for such loss directly to the Aortgagee instead
<br />of to the 3ortgagor and the Mortgagee jointly, and the insurance proceeds, or ary part thereof,
<br />may be applied by the Rortgagee 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 mor±gaged property in extinguishment of the indebtedness secured hereby, all
<br />right. title and interest of the '+iortgagor in and to any insurancx policies then in fmre 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 martgage, the 3ios-tgagor hereby assigns to the lortgagee all lease iwnuses, profits, reve-
<br />nues, royalties, rights, and other benefits accruing to the Dortgagor under any and all oil and gas leases
<br />now, ar during the life of this mortgage, executed on said premises, with the right m r;aceive and receipt
<br />for the same and appiv them to said indebtedness as ticell before as after default in the cc,ndiiions of this
<br />me>rtgage, and the lortgagee may demand, sue for and recover am such pal-meats then due and pay-
<br />able, but shall not be required so to do. This assignment is to terminate and Dome null and void upon
<br />release of this mortgage.
<br />Zl. He shall not commit ar permit ~:aste; and shall maintain t#te 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 Mortgagor. Any amounts paid
<br />tl:crefor b Mortgagee ;hall Lamar interest at the rate provided for in the principal indebtedness, shall
<br />thereupon become a part of the indebtz3ress secured by this instrument, ratably and on a parity with all
<br />other indebtedneS; secured hereby, and shall be parable thin}` (30) days after demand.
<br />12. if the premises. ar any part there-rf, be condemned under the ~~~er of eminent domain, or
<br />acquired for a public use, the damages awareled, the proceeds for the taking r_,f, r,„• the eonsidera±ion for
<br />such acquisition, to the exir3tt .tf the full atnount of the re3aining unpaid indebtedness secured by this
<br />mortgage, or hereby assigned to the Il1o:-tgagx, and shall be paid iorfhwith to said 3ortgagee, to be
<br />applied on account of the lass maturing installments of such indebtedness.
<br />s3. If the Mortgagoa• fails to make an}- payments when due, or to confo:-m to and comply with any
<br />of the carditions or agreements contained in this mi~rigage, or the notes xFhich it secures, then the
<br />entire principal sum and acen:ed interest shall at once become due and pa}-able, at the election of the
<br />Mortgagee; and this mortgage may thereupon be foreclosed immediately f•or the whole of the indebted-
<br />ness hereby secured, including the cost of extending the abstract of title from the date of tltis mort-
<br />?a3e to the time of commencing such suit, a reas<nable attorney's fee, and any ;uns;• paid by the Veterans
<br />Administration on accaun# of the guaranty or insurance of the indebtedness ::ecurc~l hers-by, all of which
<br />shall be ineladed in the decree of foreclosure.
<br />1~. If the indebtedness secared herelay be guaranteed or insured under Title 38, United States Code,
<br />such Title and Regulations issued thereunder and in effect on the date henzof shalt 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 P.egulations are hereby amended to
<br />conform thereto.
<br />The ~venants herein contatned shall bind, and the benefits and advantages shall inure to, the
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