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<br />79- €~ ~ 14 502
<br />6. If he fails to pay any sum or keep any coverart 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 Blortgagee, 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 tales 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 nest
<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 apptroximately equal monthly payments far such period as may
<br />be agreed upon by the \iortgagee and 1Viortgagor. 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 />fi. He hereby assigns, transfers and sets over to the Mortgagee, to be applied toward the payment of
<br />the Hate and all sums secured hereby in case of a default in the perfot-marcce 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 during such time as the mortgage indebtedness shall remain unpaid; and the Mortgagee
<br />shall have power to appoint anc agent or agents it may desire for the purpose of renting the same and cai-
<br />iecting 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 maittain hazard insurance, of such type or types and amounts as Motgagee
<br />ma}' from time to time rez`aire, on the improvements now or hereafter an said premises and except when
<br />payment for all such premiums has theretofore been made under (a } 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 cat~ied in companies approved by the 9ortgagee and the paIicies and renewals thereof
<br />shall be held by the ~fotggagee and have attached thereto loss payable clauses in favor of and in form
<br />acceptable to the 3forigagee. In event of`l`o~ lortgagor will give immediate notice by mail to the Mort-
<br />gagee- ~yha may make proof of loss if net made promptly by Mortgagor, and each insurance company eou-
<br />cerned is hereby authorized and directed to make payment for such loss directly to the liortgagee instead
<br />of to the ~iortgagar and the 3lortgagee jointly, and iiie insurance proceeds. or any part thereof,
<br />may be applied by the Riortgag~e 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 mortgaged property in extinguishment of the indebtedness secured hereby, all
<br />right, title and interest of the Mortgagor in and to any insurance policies then in force shall pass to the
<br />pw'chaser or grantee.
<br />10. 3s additional and collateral security far the payment of the Hate described, and all sums to become
<br />due under this mortgage, the Mortgagor hereby assigns to the 3iortgagee all lease lxlnuses, profits, nve-
<br />nues, royalties, rights, and other benefits accruing to the Mortgagor under any and all oil and gas leases
<br />Holy, or during tixe life of this mortgage, executed on said premises, tcith the right to receive and receipt
<br />for the same and apply them to said indebtedness as yell before as after .tefault in t1-~ conditions of this
<br />mt~rtgage, and the'_4ia.tgagee ma} demand, sue for and rectrver any such payment.., ,yhen due and pay-
<br />abli•, but shall noL 1>e required so to do. This assignment is to terminate and become null and void upon
<br />relea_~ of this mortgage.
<br />li. He shall not commit or permit tivaste; and shall maintain the property in as good condition as at
<br />present, reasonable wear and tear excepted. Upon atn' failut•e to so maintain, 3iartgagc~, at its option,
<br />may cause reasanabii maintenance work to be performed at the cost of Rortgagor. any amounts paid
<br />ihereiur by M~~rtgaet-e s?tall xar interest at the rata ptroyidc~i for in t.'^.e principal indebtcKlnt~ss, shalt
<br />thcreupvn become a part of the indebtedness secured'oy this instrumenI, tatabi} and on a parity with all
<br />other indebtedness st-cured hereby, and shall be payable thirty {301 days after demand.
<br />1'?. If the premise., or any part thereof, 1>e condemned under the pe.tic-r of emineni domain, or
<br />2cquired for a public use-, t%.~ damages awarded, the prxeeds fur t?:z inking ~~I, or the consideration for
<br />,eh a vuisition, to t?.e ext--.t of the ft;Il amount of the remaining urlkiid indebtedness secured by this
<br />mortgage, ar hereby avigned to the Martgagct, and shall be paid farthiyith ±o :aid 3iartgagee, to be
<br />applied an accow~t of the last maturing installmants ni such indebtedness.
<br />33. If the ~iorigag„r :ails to make any payments when due, or to tanft;rm to and comply with any
<br />of the eanditions ar agrxments contained in this mortgage, ar the notes ~yhich +'t secures, then the
<br />entire principal sum and accrued interest shall a*. nnc2 b~eme dne and payable, at the election of fire
<br />Mortgagee; and this mat^.gage may thereupon be iareclosed immediately for the whale of the indebted-
<br />ness hereby secured, including the cast of extending the abstract of title from the date of this mort-
<br />gage to the time vi canurtencing such suit, a reasonable attorne>'s fee, anti any sums paid by the Veterans
<br />Administration an aecount tai the guaranty ar insurance of the indebtechtess scctn~ed hereby, all of which
<br />shall 6e included in the decree of foreclosure.
<br />lei. If the indebtedress secured hereby be guaranteed or insured tinder Title 38, United States Gode,
<br />such Title and Regulations issued thereunder and in efLect on the dste 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 wh~h are inconsistent with said Title or Regulations are hereby amended to
<br />conform thereto.
<br />The covenants herein contained shall hind, and the benefits and advantages shall inure to, the
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