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
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