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<br />79~ [~'~~~~:~
<br />G. If he fails to pay any sum or keep any covenant provided for in this mortgage, the Mortgagee, at
<br />its option, may pay or perform the same, and all expenditures so made shall be added to the principal aum
<br />owing on the :.'cove note, steal} be secured hereby, and shall bear interest until paid at the rate provided
<br />for in the principal indebtedness.
<br />7, Upon request of the Mortgagee, Mortgagor shall execute and deliver a supplemental note or notes
<br />for the sum m• sums advanced by Mortgagee for the alteration, modernization, 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 author}zed hereunder. Said note or notes shall be secured
<br />hereby on a parity with and as fully as if the advance evidenced thereby were included in the 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 />be agreed upon by the Mortgagee and Mortgagor. Fa}ling 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 ?4ortgagee. In no
<br />event shall the maturity extend beyond the ultimate maturity of the note first described above.
<br />$. 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 s default in the performance of an_v 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 Dortgagee
<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 al} 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 slid mortgage indebtedness.
<br />0, He ~~;ll 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 for all such premiums has theretofore bean made under (a) t,f paragraph •L hereof, will pay
<br />prompt}y when due any premiums therefor. Upon default thereof, Mortgagee may pay the same. Ail
<br />insuranc. shall be carried in camp8t~i~s spprov~l by the'.11ortAagee and the policies and renewals thereof
<br />she}) be helri by the Mortgagee and }l~e•attached thereto loss payable clauses in favor of and in form
<br />acl:eptable to the Mortgagee. In event of loss Mortgagor will give immediate notice by trail tea the Mort-
<br />lfagee, who may make proof of lass if not mach prampt}y by lliortgagor, and each insurance company con-
<br />cer•ned is hereby authorized and directed to make payment far such loss directly to the :tiortgagee instead
<br />of to thhe 14iortgagor and the Aortgagee jcrintiy, and the insurance pruceetis ar any part thereof,
<br />may be applied by the Mat°tgagee at its option either to the reduction of the ineiebtednet~s hereby secured
<br />or to the restoration ar repair of the property damaged. in event of fareclasrtre of this mortgage, or other
<br />transfer of• title to the mortgaged property in exiinguishment of the indebte~rlness secuted hereby, all
<br />right, title and interest of the Mortgagor in and to arty insurance policies then in Corte steal! pass to the
<br />purchaser or grantee.
<br />10. As adthtional and collateral security for the payment of the note described, and aU sums to become
<br />duQ under this mortgagE, the Mat*-.gagar hereby assigns to the ~Sy-rtgag a!} }rasa t~rtus~s, prafi, ree~
<br />- •_,«..._, ;,,>2r~- ~„d other hen€~fits aecr?tinsE tt} t~rie 'kiort r antler any and a}l oil and gas teams
<br />raw, or during the hie of this mortgage, ext~cutr-d an s$id premises, with the right to receive antd receipt
<br />far the s=tole and t:nrtlr them tit said indeht~dne:;;= as ut~ll lu•fr3re ~ a_ttn,• tt.~Eattit in the conditions of this
<br />cncartgage, anri tltr• 1Siort~*agt~c may demand, sue for at_d recover any sueit payments Fvhsn citt.. and pay°-
<br />ablo, but slta}} trot lie t•€~ttirr>d so to do. This3.~sigt:n«=nt :s to ~>rmsnata and brt•amr? r:ull and v`oii upon
<br />release cf this r€tart~-age.
<br />II. I?e steal} nai commit :=r I~rmit rc°astc=; xttd shall maintain the prapt=rty in as good cundittan us at
<br />present, rraswrable rscax• and tear excepted. Upon any failure to sa maintain, Mortgagee, at its option,
<br />stay cause r•easunabk mauttenanee tcork to k.e lxrfornrt=<i at the cost of A~ioetgagor. :any amounts po+itj
<br />the•refur by Murigut,`ee shall be=ar interest tit the rate provided for ixr the principal iudeMednrsw, shall
<br />thereupon become a part of the indebtedness sc~urtvi by this instrument, rat.tbl4 and an a parity with all
<br />other indebtedness secured he=re•}ty=, and shall be itayable thirty (30) days after detnazrd.
<br />;~„ !f the premises, ar any part thereof, be condemned under the powet• of eminent domain, or
<br />aequircvt for a public use=, the. damages awarded, the }?roceeds for the taking of, ur the cunsid<rration far
<br />such actptisitiotr, to the extient of the full amount of the remaining unpaid indebtedness .et•u=~,=d by this
<br />mortgage, ex• hereby assigned to the Mortgagee, and shall be paid forthwith in said Mo:•tgttgee, to be
<br />applicti an act:auut of the last maturing ins*,allnrents of such indebtedness.
<br />1i;. if t}te hforkgagur !'ails to mvke: any paymert~v why tt due. or to canfarttt to and comply ~•ith stay
<br />of the conditktns of egret=merle contained in this mortgage, ar the notes which it secures, then the
<br />entit`e principal sum and accrued interest shall at ante biome due and payable, at the election of the
<br />vCig;e,~z-t'; acct telex nttii`t~;age t;iay ihi°rcnpi~n ue Y?3ieC;laseci inir~n~rliat~ly far the ~i-llalt• of tllt indetiteti-
<br />atesa hereby vi*cured, including tht~ cost of estt'nrling the abstrAc:t of title ft•om the cl<tte at" this mort-
<br />gage to the time of commencing such suit, :t reasanablt: attorney`s fee, and any sums ltaici by the Veterans
<br />Administt•ation mt accaant of the guaranty or insurance of the indebtedness secnred hereby, all of which
<br />shall be included in the. decree of force}osure.
<br />14. If the indebtedness secured hereby be guaranteed or insured under Title 3R, United States Cade.
<br />such Title and Regulations issued thereunder and in effect on the elate hereof shall govern the right, duties
<br />and liabilitie~t 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 />confirm thereto.
<br />The covenants herein contained steal! bind, and the benefits and advantages shall inure to, the
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