t~'°
<br />
<br />t3. I,1' he f"as2s Cc+ peg' sn,~• stern gar ke¢~l,e ,[r ty c~uu•t+>~t+;i~nt pr•Kavirl~us~'I i'c~r in this nctt't+'k~,~g:,,a, d~~~~lar, ?Fl ;~x•tg,~~s.,„ a
<br />its option, may pay or f~er•form the same, atyd all erperuditarres so made shall be added to the principal sum
<br />owing on the above note, shall be s°rured hereby, and shall bear interest unfit n:,id at the rate provided
<br />for in the principal indebtedness.
<br />7. Upon request of the Mortgagee, Mortgagor shay, execute and deliver a supplemental Hate or antes
<br />for the sum ar sums advanced by b3or•tgagee for the alteration, ma?ernization, or improvement, made at
<br />the Mortgagor's request; or for maintenance of said premises, or far taxes or assessments against the
<br />same, and for any other purpose elsewhere authorized hereunder. Said note or antes shall be secured
<br />hereby or_ a parity with and as fully as if the advance evidenced thereby were included in thr note first
<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 approximately equal monthly payments for such period as may
<br />I,e agreed upon by the Bortgagee and Mortgagor. Failing to agree on the maturity, the whole of the sum
<br />or sums so advanced shall be due and payable thirty (301 days after demand by the Rortgagee. In rro
<br />event shall the maturity extend beyond the ultimate n-iaturity of the note first described above.
<br />8. He hereby assigns, transfers and sets over to the Mortgagee, to be applied toward the payment of
<br />the note and all sums secured hereby incase of a default in the performance of any ~f the terms and cotrdi-
<br />tious 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 Rortgagee
<br />shall 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 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 maintain hazard insurance, of such type or types and amounts as Mortgagee
<br />may from time to time require, on the improvements now or hereafter on said premises and except when
<br />payment fer alt 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 par the same. All
<br />insurance shall be carried in companies approved by the 14fortgagee and the policies and renew-aIs thereof
<br />shall beheld by the hlortbagee and l~*e attached thereto loss payable clauses in favor of and in form
<br />acceptable to the Mortgagee. In event of Ioss Mortgagor will give immediate notice by mail to the Mort-
<br />gagee, w•ho may make proof of loss if not made promptly by Mortgagor, and each insurance company con-
<br />cerned is hereb}• authorized and directed to make payment for such loss directly to the Mortgagee instead
<br />of to the Mortgagor and the i4iortgagee 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 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 />purchaser or grantee.
<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 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 all oil and gas leases
<br />nosy, cr during trio life of this mortgage, executed on said premises, with the right to receive and receipt
<br />for flip same and apply them to said indebtedness as +vell before as after default in the conditions of this
<br />nc..gage, and the Rortgagee may demand, sue for and recover any such payments :+hrn due and pay-
<br />able, but shall not be r•euiiircri so to do. Tnis assignment is to terminate arrd hecc_;rtrt n._=11 and +'Jiii upor.
<br />release of this mortgage.
<br />11. He shall not commit or permit waste; and shall maintain the pro~rt}• irr a4 gevd condition as at
<br />present, reasonable near and tear excepted. Upon env failure to so maintain, Mortgagee, at its option,
<br />may cause reasonable maintenance +vork to be performed at the cost of Mortgagor. Any amounts paid
<br />therefor by Mortgagee shall bear interest at the rate provided foe iu the principal indebtedness, shall
<br />thereupon become a part of the indebtedness secured by this instrument, ratably and err a peril}• with all
<br />other indebtedness secured hereby, acrd 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 />acquired for a public use, the damages awarded, the proceeds for the taking of, or the consideration foe
<br />suc}t acquisition, to *.he extent of the full amount of the remaining unpaid rode=btedacss securr+: by this
<br />mortgage, or hereby assigned to the Mortgagee, and snail be paid forthwith to said blortgage:~, to be
<br />applied on account cf the last maturing installments of such indebtedness.
<br />18. If tl-.e Mor•tgagar tails to make any payments when due, or to conform to and comp)}• with any
<br />of the vend-rtions or agreements contained in this mortgage, or the notes e•hich 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 s~=cure d,sneluding the cost vi extenfaing the abstract of title from the date of this mort-
<br />gage to the time of commencing such suit, a reasonable attorney°'s fee, and any sums patd by the t'eterans
<br />Administration on account of the guaranty or insurance of the indebtedness secured hercb}•, 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 38, United States Code,
<br />such Tide and Regulations issued thereunder and in effect on 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 shalt bind, and fire benefits and advantages shall inure to, the
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