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tfw'Y~,~ tW~el <br />&. If he faits to pay arsy sum or keep any covenant pro°;ded for in this mortgage, the Mortgagee, at <br />its option, trot pay or perform the same, and all expenditures so made shad be added to the principal sum <br />owing on t;.e above note, shall be secured hereby, and shaft bear interest until paid at the rate p_•3vided <br />for in the principal indebtedness. <br />7. Upon request of the Mortgagee, Mortgagor shall execute and deliver a supplemental note or nat¢s <br />far the sum ar sums advanced by Mortgagee for the alteration, modernization, ar improvement made 8t <br />the Mortgagor's request; as far maintenance of said premises, cr for taxes or assessments a_eainst the <br />saane, and for any other purpose elsewhere authorized hereunder. Said Hate or notes shall be secured <br />hereby en a parity svith and as fully as if the advance evidenced *_hereby were included in the note first <br />described above. Said supplemental note or rotes shaft bear interest at 'the rate provided for in the prin- <br />cipal indebtedne:-s and shall be payable in approximately equal monthly payrneaats for such period as may <br />be agreed upon by the Mortgagee and Mortgagor. Failing to agree an the maturity, ±he u-hole of the sum <br />or srtms so advanced shall be due and payable thirty (30) days after demand by the l-lortgagee. In no <br />event shall the maturity extend beyond the uitirnate maturity of the note first described above. <br />' $. He hereby assigns, transfers and sets over to the Mortgagee, to be applied tativard 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 />iians of this mort¢a¢e or "the said rt~4a- All tla~ re„rQ nd ; „ ~,, der:v~u fr___ <br />- _ -- --._.-___ _ .. ........... ,,,,. tlxa Saot- <br />gaged premises during such time as the mortgage indebtedness shall remain unpaid; and the 3iortgagee <br />shah 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 ail necessary commissions and <br />expenses incurred in renting and managing the same and of collecting rentals therefarom; the balance <br />remaining, if any, to toe applied toward the discharge of said mortgage indebtedness. <br />9. He i;-ill continuously maintain hazard insurance, of such type or tvy, s and amounts as lkfortgagee <br />may from time to time require, on the improvements now or hereafter on said premises and extent when <br />payment fo-r a21 such premiums has theretofore been made under (a) of paragraph 2 hereof, will pay <br />promptly when due anv premiums therefor. Upon default thereof, Mortgagee may pay the same. All -- <br />insurance shall be carried in companies approved. by the 1Vfortgagee and the policies and renewals thereof <br />shall beheld by the iiiortgagee and have attached thereto Ions payable clauses in favor of and in form <br />acceptable to the :4lortgagee. In event of loss Iltortgagor will give immediate notice by mail to the Mort- <br />gagee, who array make proof of loss if not made promptly by ilfortgagor, and Pack insurance company con- <br />cerned is hereby authorized and directed to make payment for such loss directly to the Mortgagee instead <br />of to the Mortgagor and the Itlortgagee iaintiy, and the ins»rance ,,.aea~ '•°---r <br />~i .an ~•• "•}r part t~iCt CVl, <br />may be applied by the Mortgagee at its option either to the reduction of the indebtedness hereby secured <br />or to the restoration ar 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 farce shall pass to the <br />purchaser or grantee. <br />10. Aa additional and collateral security for the payment of the note des; ribed, and ail sums to became <br />due-under this mortgage, the Mortgagor hereby assigns to the i4iortgagee afI lease bonuses, profits, reve- <br />axues, aayalties, rights, and other benefits accruing to the Mortgagor under any and alt oil and gas leases <br />non•, or during the life of this mortgage, executed an said premises, xvith the right to receive and receipt <br />foa• t':= sTme and appl}- th?.in to said indebtedness as ;E°oIl before as after default in tl,e eonditians of this <br />mortgage, and the Mortgagee ma_y demand; Rue far and ,•ernver acv s.ach payments :e-h~n due and pay- <br />able, but shall not be required so to do. This assignment is to terminate and became null and void apps: <br />release rf this mortgage. <br />11. He shall not commit or 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 aeasanabie maintenance work to be performed at the cost of Mortgagor. Any amounts paid <br />therefor by Mortgagee shaft 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 ail <br />other indebtedness secured hereby, and shall be payable thirty (30) days after demand. <br />12. if the premises, or any part thereof, be condemned under the power of eminent domain, or <br />>.:,y,.•,•.va £~r n ,hi:.. a-hc uaiia»_ - - <br />...,..a-~.. .. p:,.,..., u ~Cb ava;rded, the proceeds for the taking of, or the considea•ation for <br />such acquisition, to the extent of the full amount of the remaining unpaid indebtedness secured by this <br />mortgage, or hereby assigned to the Mortgagee, and shah be paid forthwith to said Mortgagee, to be <br />applied an account of the last maturing installments of such indebtedness. <br />13. If the Mortgagor 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 t # <br />entire principal sum and accrued interest shall at once become due and payable, at the election of the S._s <br />irtartgagee; and this mortgage may thereupon be foreclosed immediately for the tivhole of the indebted- • <br />Hess hereby secured, including the cost of extending the abstract of title from the date of this mort- <br />gaga to the time of commeneiag such suit, a reasonable attorney's fee, and any sums paid by the 4eterans <br />Administration on account of the guaranty or insurance of the indebtedness secured hereby, ail of which <br />shall be included in the decree of foreclosure. <br />14. If the indebtedness secured hereby be guaranteed or insw•ed under Title 38, United States Gode, <br />such Title and Ftegsalations issued thereunder said in effect or. the date hereof sht,li 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 ineonaistent with said 'Pule or Pegulations are hereby amended to <br />conform thereto. <br />T'ne covenants herein contained shall bind, and the benefits and advantages shall inure to, the <br />