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w d fi. Ii ho Ifrailo~3 Po ]gay, ~ari,j, sussu a;~r 'In:oe~~ep a ~~s1V' ¢:rwr w ,.attt pr a sti &r:. f"r i ,rs thi,i ai,,~;¢•tg.ags tll iar :9rIE<„urn t'gaga~rt;,,, 'sit <br />its ¢'a¢,+ti=>:;, ma3~ pas»y rsr I~r,irPar:ra tlii. idrr.iinua., and auii',l ar~irll,d p.,rl:,tu!^,. ..s.u s.r~aii:a. i~:ha,tlll iiw, .~-Icl~.,rtl try B',ils;a. ii~s•int:ipaV, s:uasn <br />.r4* ou•irg on the abeve note, seal] ;~ secured hereby, an3 sYiafi fear inurest until paid ai the rau_ praviueti <br />- for in the prirecipa] indebtedness. <br />.,, <br />°` s. 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 tre alteration, mcdernizatian, ar improvement made at <br />~ the Mortgagor's request; or for maintenance of said premises, or for taxes ar assessments against the <br />Imo. same, and for any other purpose elsewhere authorized hereunder. Said hate ar notes shall be secured <br />hereby on a parity frith and as fully as if the advance evidenced thereby were included ir. the note first <br />described above. Said supplemental note or hates 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 Mortgagee and Mortgagor. Failing to agr°e on the maturity, the whole of the sum <br />or sums sa advanced shall be due and payable thirty {3G) days after demand by the Mat•tgagee. In no <br />event shall the maturity- extfnd beyond the uliima±e maturity of the note first described above. <br />8. Ile hereby assigns, transfers and sets over to the Mortgagee, to be applied toward the payment of <br />*.he note and all sums secured hereby in case of a default in the perfornanee 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 indebiedness shall remain unpaid; and the Mortgagee <br />shall have power to appoint any agent ar 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 inetn-t•ed in renting and managing the same and of collecting rentals therefrom; the balance <br />remaining, if any, to be applied toti+•ard the discharge of said mortgage indebtedness. <br />9. He will continuously maintain hazard insurance, of such type or types and amounts as Mortgagee <br />may from time to time renaire, on the improvements now or hereafter on said premises and except when <br />payment for al] such ~ _ ums has theretofore been made under (u) of paragraph 2 hereof, will pay <br />promptly when due any em'iums therefor. Upon default thereof, Mortgagee may pap the same. All <br />insurance shall be carried in companies approved by the frlartgagee and the policies and renewals thereof <br />shall be held by the liartgagee and have attached thereto loss payable clauses in favor of and in farm <br />acceptable to the Mortgagee. 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 for such loss directly to the Mortgagee instead <br />of to the Mortgagor and the Mortgagee jointly, and the insurance proceeds, or any part thereof, <br />may be applied 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 tc 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 piss tct the <br />purchaser or gt•antee. <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 Rortgagor hereby assigns to the Mortgagee all tease bonuses, profits, reve- <br />nues, royalties, rights, and other benefits accruing to the Mortgagor under any and all oil and gas leases <br />haw, or during the life of this mortgage, executed on said premises, with the right to receive and receipt <br />for the same and apply them to said indebtedness as well before as after default in the conditions of this <br />cn01'tgage, and the 7ortgagee maV u'em:trtd, site far and recover arty inch payments when due and pay- <br />able, but shall not be required so to do. -This assignment is to terminaie and became n„il and void un_ en <br />release of this mortgage. <br />11. Ile shall not commit ot• permit waste; and shall maintain the property in as good condition ~c at <br />present, reasonable wear and tear excepted. Upon any failure to so maintain, Mortgagee, at its option, <br />may cease reasonable maintenance work to be performed at the cost of Mortgagor. any amounts paid <br />thet•efot• by 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 urith all <br />tither indebtedness secured hereby, and shall be payable thirty (30) days after demand. <br />1'L. If the premises, qr any part thereof, be condemned under the power of eminent domain, or <br />acquired for a public use, the damages awarded, the proceeds for the taking of, cr the consideration for <br />such acquisition, to the extent of the full amount of the remaining unpaid indebtedness ~ccured by this <br />mortgage, or hereby assigned to the Mortgagee, and shall be paid forthwith to said Mortgagee, to be <br />applied on account of the last maturing installments of such indebtedness. <br />13. Ii the im•tgagor 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 which it secures, then the <br />entire principal sum and accrued interest shall at once become due and payable, at the election of the <br />:Mortgagee; and this mortgage may thereupon be foreclosed immediately for the whole of the indebted- <br />ness hereby secured, including the cast of extending fire abstract of title from the date of this mort- <br />gage to the tine of commencing such suit, a rcasonable attorney's fee, and airy sums paid by the Vetetaris <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. If the indebtedness secured hereby be guaranteed ar insured under Title 38, United States Code, <br />such `T'itle and Regulations is ;ued thereunder and in effect as 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 Regulations are hereby amended to <br />conform thereto. <br />The covenants herein contained shall bind, and the benefits and advantages shall inure to, the <br />