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<br />6. If ha fails to pay any sum or keep any covenant provided for in this rrtortgage, the Mortgagee, at
<br />its option, may pay or perform the sartte, and all expenditures so made shall ba added to the principal sum
<br />owing on the above note, shall be secured hereby, and shalt bear interest until paid at the rate provided
<br />for in the principal indebtedness.
<br />1. Upon request of the Mortgagee, Mortgagor sha31 execute and deliver a supplemental note or notes
<br />for the sum or sums advanced by Mortgagee for the alteration, modernization, or improvement made at
<br />the Mortgagor's request; or for maintenance of said premises, or foz• taxes ot• assessments against the
<br />same, and for any other purpose elsewhere authorized hereunder. Said note or notes shall be secured
<br />hereby on a parity kith and as fully as if the advance evidenced thereby were included in the note first
<br />described rbova. 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 />be agreed upon by the Rortgagee and Mortgagor. Failing to agree on the maturity, the whole of the sum
<br />or sums so advanced shall be due and payable thirty (30) days after demand by the Mortgagee. In no
<br />event shall the maturity extend beyond the ultimate maturity of the note first described above.
<br />R. lie hereby assigns, transfers and sets over to the Mortgagee, #o 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 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 Mortgagee
<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 lima to time renuire, on the improvements now or hereafter on said premises and except when
<br />payment for all 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 pay the same. All
<br />insurance shall be carried in companies approved by the Mortgagee and the policies and renewals thereof
<br />shall be held by- the Rlartgagea and have attached thereto loss payable clauses in favor of and in form
<br />acceptable to the Mortgagee. In event of loss Mortgagor will give immediate notice by mail to the Mort-
<br />gagee, who may make Iiroof of loss if not made promptly by Mortgagor, and each insurance company can.
<br />corned is hereby authorized and directed to make payment for such loss directly to the Rortgagee instead
<br />of to the Rloz•tgagor 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 outer
<br />transfer of title to the mortgaged property in extinguishment of the indebtedness secured hereby, all
<br />right, title and interest of the Rortgagor in and to any insurance policies then in force shall pass to the
<br />pw•chaser 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 mortgagt•, the Dlottgagor hereby assigns to the Mortgagee all lease bo:loses, profits, raves
<br />Hues, royalties„ tights, and other benefits accruing to the Mortgagor antler any and all otl and gas lei
<br />now, or during tite life of this mortgage, executed vn said pt•emisas, tivith the right to reee:ive and receipt
<br />fot• the same and apply them to said indebtedness as well before as after default in the conditions of this
<br />mortgage, and the Rlertgagee may demand, sue for and recover any such payments ~}•hen dna and pay-
<br />able, but shall not be required so to do. This assignment is to terminate and become null attd void upon
<br />relea~: of this mortgagF.
<br />11. 1Ie shall not :.F~ntmit ~3r permit waste; and shall maintain the property in as good condition as at
<br />present, reasonable tt'~'ar and tear excepted. Upon any failure to so maintain, Mortgagee, at its option,
<br />may cause reasonable maintenance work to ba performed at the cost of Mortgagor. Any amounts paid
<br />therefor by Mortgagee shall bear interest at the- rate provided for in the principal indebtedness, shall
<br />thereupon 6ecotne a part of the »xlebtedness sE~t~ured by this instrument, tatabl}= and on a parity with all
<br />other indebtedness seK~ttt•ed he:rrby, and shall be payable thirty (30) days after demand.
<br />12. If the premises, or any part thereof, be condemned ^nder the power of eminent domain, or
<br />acquired for a public usi•, the damages acr°arded, the proceeds for the taking nf, ot• the consideration for
<br />such xequisitivn, to the extent of the full amount of the remaining unpaid indebtedness sectn•ed by this
<br />mortgage, or hereby assigned to the Mortgagee, and shall ba paid forthwith to said Mortgagee, to be
<br />applied on account of the last maturing installments of such indebtedness.
<br />I~. If the Rortgagor fails to make arty payments when due, or to conform to anti comply with any
<br />oP the conditions or agreements contained in this mortgage, oz• the notes which it secures, then the
<br />entire prinoipal sum and accrued interest shall at once become dna and payable, at the election of the
<br />fottgagee; anc is n f fire may t .~reupon be ,f~.zlas~ ~.ntxlia ., fur thz:cholc of the indebu3ai-
<br />ness hereby sf•etircd, in:-htding the cost of extending the a`txstract o£ title from the date of this mort-
<br />gage to the time. o` commencing such suit, a reasonable attorney's fee, and an}• sums paid by the Veterans
<br />Administration on account of the guaranty or insurance of the indebtedness serueed hereby, all of which
<br />shall be included in the decree of foreclosure.
<br />14. If the indebteclneas secured hereby be guttra.nteed or insured under Title 38, United States Cola,
<br />such Title 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 itt 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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