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<br />79--~:t~~3~3
<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 cam
<br />owing on the above note, shall he secured hereby, and shall bear interest mail paid at the rate provided
<br />for in the principal indebtedness.
<br />r. Upon request of the itiiortgagee, Mortgagor shall execute and deliver a supplemental note or notes
<br />for the sum or sums advanced by Mortgagee fvr the alteration, modernization, yr improvement made a*.
<br />the Mortgagor's request; er fvr maintenance of said premises, or for taxes or assessments against the
<br />same, and fot• any other purpose elsewhere aut_hariapd hereunder. Said note ce• notes shall be secured
<br />hereby an a parity with and as fully as if the advance evidenced thereby were included in the note first
<br />described above. Said supplemental rote or notes shall bear interest at the rate provided for in the prin-
<br />cipal indebtedness and shah be payable in approximately equa3 month)}' payments For such period as may
<br />be agreed upon by the 3ortgagee and illortgager. Failing to agree on the maturity, the whole of the sum
<br />or sums so advanced shall be due and payable thit:y {30) days after- demand by the 1lortgagee. In no
<br />event shall the maturity extend beyond the ultimax maturity of the note first described above.
<br />8- IIe hereby assigns, transfers and sets ocex• to the ?.iortgagee, to be applied toward the payment of
<br />the note and all sums severed hereby in case of a default itt the performance of any of the terms and candi-
<br />tians of this mortgage ar the said note, all the rents, revenues and income to be derived from the mort-
<br />gaged premises dut^:ng such time as the mvrtgage indebtedness shall remain unpaid ;and the Mortgagee
<br />shall have power to appoint any agent or agents it ma•r- desire for the purpose of renting the same and col-
<br />]c•cting the rents, revenues and income, and it may pay out of said incomes all necessary cvmmissians and
<br />expenses incurred in renting snd managing the same and of collecting rentals therefrom; the balance
<br />remaining, if anc, to be applied toward the discharge of said mvrtgage indebtedness.
<br />9_ He uilI rcuttinuotvcly tna_intain hazard insurance, of such tyne or t~•prs xnd amattnt-s as hiortYagCe
<br />mar from time to time r~~claire, on the improvements note or hereafter on said premises and except when
<br />payment fot• all such preniums has theretofar•e been made under {a) of pat•agraph'.'. hereof, will pay
<br />pramptly when due any premiums therefer. Upvn default thsreaf, Mortgagee ma pay the same. Atl
<br />insurance shall be carted in companies approved by the Mor±gagee and the pvlicies and renewals thereof
<br />shat be held by the Mortgagee and have attached thereto loss payable clauses in favor of and in form
<br />acceptable to the ~iartgagee. In event of loss Mortgagor will give immediate native by mail to the Mort-
<br />gagzr, why Wray make p;•aaf of lvss if not made pramptly br- Mortgagor, and each insurance company con•
<br />crrned is hereby° autharizeci and directed to make payment for such loss directh• to the .llartgagee instead
<br />of to the liartgagvr and the _liartgagee jaiatly, and the insurance proceeds, yr any part thereof,
<br />mat' be applied b}- tht Moxtgagee at its opi~on either is the reduction of the indebtnlne~c hereby secured
<br />ar tv the tYStD*_ntivn ar repair of the progertg damaged. In event of foreclvsare of this mortgage, ar other
<br />tr~trsfer ,?f title to the ntartgaged pxvpertpSn extinguishment of the irdebtednccs sxured hereby, all
<br />right, title and interest of the. 'Mortgagor in and to any insurance policies then in force shall Fars to the
<br />purchaser ar grantee.
<br />IQ. As additional and ~ullaterai se:•urit}- fvr the payment of the note des. ribrd, srd all sums io become
<br />due ender *.itis mortgage, the'liartgagot hereby assigns to the iortgagee all lease Iwttuses, praFts, reve-
<br />nues, royalties, t•:ghts. and ether benefits accruirtg to the Mortgagor under any- and all oil and gas leases
<br />na:c-, or during the lift of this mat-igage, executed on said premises, n-ith the right to rneitr and receipt
<br />fvr the same and apph them to said indebtedness as wall before a< after z?efault in the : snditions o€ this
<br />mi•rtl~ge, and the ~i~+a•:gage•~ ma>- drm~nd. sue for and rtcaver any such parmen*_s when due and pa3•-
<br />abl~, but shall not be reyviri-cl sv to dv. This assignment is to terminate and become null and void upor.
<br />_r.~. , _.-._.._
<br />.~.~~~ u. ~E.-a u,~.,~agr.
<br />II. He shall net cvnunit or permit waste: and shsli maintain the pn:pert~- ir, a, good canditian as at
<br />presznt, reasonable wear and te~s rstrpted. Upon any failure to sv maintain, Mortgagee, at its option,
<br />msy cause reasonable ntaintx-nanee work to be perfvrrved at the eos± ai ~iortgagar- any amvunfs paid
<br />therFfor br i+dvr-tgagYre shall tzar interest at the rats pratided for i:t the prir,c^pa1 indebtedness, sha13
<br />therennan•br:vme a ),art of the indebtedness soured by this intrument, ratabl~• and an a party wish al]
<br />other indebtedness sKz~ared hemby, and shall be payable thirty {3tlf davs after <lc•tnand.
<br />i? If the premse`:, or any part ihN*evf, be evndetnned under the notser of ?mirert domain, or
<br />acquired fvr a public use, t!:• da.>?tagzs awarded, the proceeds fi?r Ll'.r takirsg of. or the c~onsiilt~rativn for
<br />such a<gnigitivn, to rho ext~=_a of the full amount vi rite remaining unpaid indebtedness srcm•ed by this
<br />mortgage, or hereby assigned to the ~Ivrtgagee, and shall be paid €ortl::> ith to mid 3iv:^.gagee. m be
<br />applied cn account of *1te last maturing installments of such indebtedness.
<br />I3. If the '_1lat4gagor fai)s to make any payments when due, or to rnnfarm to and comply rs-ith any
<br />of the conditions ar agr~ments contained in this mortgage, ar the notes .>hi%h it secures, then the
<br />entire principal sum and accruedsnterest sha31 at once become due and pa}-able, at Llte election of the
<br />.Llut#gsgre: and this mortgage may the.-•eupvn be fvrec]osed immediately far the whale o~ the indebted-
<br />ness hereby seeur~t, including the cost of ea-tending the abstract of title fr+~m the date of this mart-
<br />~aEe to the time of commencing such stmt, a reasonable attvrnep's fee, and and stuns paid by the Veterans
<br />Administration on ar~rount of the guaranty or insurance of the indebtedness secured hereb}-, all of which
<br />abaH rte Included in the itecr~e of farezlo~re.
<br />i4. If tAe its secured hereby be gaatanteed or insured under Title 38, United States Gode•
<br />suit fiitk sand Regu}atioets issued thereunder and in effect an the date hereof shall govern the rights, duties
<br />and ~biRtien al° tl~ parties heztin ~a, and any provisions o€ this ar other instruments executed in eonnectian
<br />v+it13 aa~i abich are iac+amsistent with said 'City or Regulations are hereby amended to
<br />.naforffa tkcteta.
<br />The eovrnanis hezein eonta•tned sI-uvT bind, and the benefits and advantages shall inure to, the
<br />` Y.
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