, ~i~~~`~
<br />?"a x::IhFi: !p`atils ~T #:a~ ~ ..Ai;~ri ur Ik..w.:~ jai -ia,~i~+i r~~„rlt , F7ri,a yi~ir,.a a,,.ie nn~ 1rr,~or irn,a~t~ ,~, x
<br />a;.s~=rL :,.,.:,~as^ -.. ~°- a!'^~.~"~., t,ra~~e,'1l6rui~rlCg~g~vw, tub
<br />jar. cr p:. - -_ '-' .~~"':t°+9='. ~ t° ~: €~7C~-. -,.'~s~.._ -~~ #,~ ._~`~~~: _?.~.: ?.~ a.:~s.. ~: t.,r p....., a.,.#~ E
<br />ar~srig .,n r,=~ atx~s:° hots, r.tai ae s:.e=.:..*~n i, Y:~:-, and •irai ra~~ sr..-r ; ~a:~*_ s~e# a< ~ : r#t~e proS-:~~d
<br />f=~r iY t ~-; r.., °ipal indxl~tein_
<br />". [_•pon request of th:z r,zt,;ag~•, ~€rrigdgrrr =1'.,li =~~t~t~ aan ~i~l;~r a =pp'.+ernrr:tsl rrs~ or r~o'.ts
<br />for the sum or sus?as ad: arcer: b; 'I,:'gagc-e _`nr ~•e a3L:~ratis~r„ mfir3~rnirati-3r,, or m;,rrr:usr_ent anad~ aL
<br />Lhe .',Iortgagcr'3 rcquesL; or for maintenanc=~ of said premises, or ft,r taxes yr asses:.naenLs again$t tyre
<br />same, and io=• any ot3~er purp.-se elsenitere autheri~d h~->ezrd~r. maid n-,:e r3r r.~,ss stzatd be secured
<br />herelyy oa a parity ti~-ith and as fully as if the r~3vance ~s•idented zl-~rei}v x•ere included in the rate txS-st
<br />de.RCribed aoeve. maid supplemental note or antes shall bear interest at Lhe rate provid?d for in the prin-
<br />cipal ine?ebt~~dness and shah be payable in approximately equal u:ont°<ly payments for surh period as may
<br />be agreed upon by l.'^=e 3lortgagee and Mortgagor. Failing tr; agr~ ~:ri tl'ie maturity. the whole cf Lhe sum
<br />or sums so ad•:anced shall he due and payable thirty {30} days after demand by the Mortgagee. In no
<br />event shall the maturity extend beyond the ultimate maturity of Lhe note first described abave.
<br />8. Ile hereby assigns, transfers and sets over to the Mortgagee, to be applied toward 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 />tions of this tnortgaea or the said note, all the rents, revenues and income to }~ derived from the mort-
<br />gaged premises during such time as the mortgage indebtedness shall remain unpaid; and the Mortgagee
<br />shad have power to appoint any agent or agents it may desire for the purpose of renting tre same and coI-
<br />lecting 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 indebtednessa.
<br />9. He will continuously maintain hazard insurance, of such type or types and amounts as Mortgagee
<br />may- from time to time rec}wire, on the improvements now or hereafter on said premises and except ::hen
<br />payment for ail such premiums has theretofore been made under {¢} of paragraph 2 hereof, wilt pay
<br />promptly when due an_r• premiums therefor. Upon default thereof, Mortgagee may pay thn came, A:
<br />insurance shall be carried in companies approved by the Mortgagee and the policies and renewals thereof
<br />shall be held nc the Mortgagee and have attached thereto loss payable clauses in favor of and in form
<br />acceptable b: the Mortgagee. In event of loss Mortgagor will give immediate notice by mail to the Mort-
<br />gage, who ma_• 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 Lo the ~icrtgagor and the Mortgagee jointly, and the insurance proceeds, or any gart thereof,
<br />may be applied by the Mortgagee at its option either to the reduction of the indebtedness hereby secured
<br />or to the restaration 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, att
<br />right, 'title and interest of the Portgagor in and to any insurance policies then in force shall pass to the
<br />purchaser or grantee.
<br />10. As additional and cotlateral security for the payment of the note described, and all sums to become
<br />due under this mortgage, the Mortgagor hereby assigns to the Mortgagee all lease bonuses, profits, reve-
<br />nues, royalties, rights, and other benefits accruing to the Mortgagor under any and afl oil and gas leases
<br />now, or during the lit"e 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 />mortgage, aad the Mortgagee may demand, sue for and recos°er any such payments when due and pay-
<br />able; but shay; r=ot be required so to do. This assiyrriment is to terminate and ~-ecme null and void upon
<br />release of this mcrtaasLe.
<br />Il. I3e shill not c~m>n[t yr ~rmit a•as*~- ;and shall n-,aintairi the property in as good condition as at
<br />present, reasonable :tear and tear excepted. Upon any failure to so maintain, Mortgagee, at its option,
<br />may cause reasonable maintenance work to be performed at the cost of Mortgagor. Any amounts paid
<br />therefor by Magagee 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 with all
<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 po:ver of eminent domain, or
<br />acquired for a public use, the damages awarded, the proceeds for the taking of, or the consideration 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 shall be paid forthwith to said Mortgagee, to be
<br />applied on account of the last maturing installments of such indebtedness.
<br />13. If the Mortgagor fails to make any payments :vhen due, er to conform to and comply with any
<br />of the conditions or agreements contained in this mortgage, or the antes 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 cost of extending the abstract of title from the date of this mort-
<br />gaga tc> the time of commencing such suit, a reasonable attorney`s fee, and any sums paid by the Veterans
<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 or insured under Title 3$, United States Code,
<br />such Title and Regulationa issued thereunder and in effect an 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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