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<br />6, If he fails to pay any sum nr keep any covenant provided for in this mortgage, the Mortgagee, at
<br />its option, may pay or perl.''arm the same, and all. expenditures sa made shall be added to the principal sum
<br />owSng on the above note, shall 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 ar notes
<br />for the sum or sums advanced by Mortgagee for the alteration, modernization, or improvement made at
<br />the Mortgagor`., request; or for maintenance of said premises, or for taxes nr assessments against the
<br />same, and for any ntl~er purpose elsewhere authnrized hereunder. Said note or nvtes 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. Failing to agree on the maturity, the whole of the sum
<br />or sums so ,ch•anced 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 />S. Ile hereby assigns, transfers and sets over to the Mortgagee, to be applied toward the payzrtent of
<br />the note and all sums secut•ed hezeby 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 wl-
<br />lecting the rents, revenues and income, and it may pay out of said incomes all necessary commissions and
<br />expenses incurred in tenting and managing the same and of collecting rentals therefrom; the balance
<br />remaining; if an}•, to be annliori tnwarrl tha r3iarhargn of ;a;d n,ortgase indebtedness.
<br />9. Ile will continuously maintain hazard insurance, of such type or types and amounts as Mortgagee
<br />may from time to time remtire, on the improvements now or hereafter on said premises and except when
<br />paymant fvr all such premiums has theretofore been made under (a) of paragraph 2 hereof, will pay
<br />promptly when due any p~•,en;iums therefor. Upon default thereof, Mortgagee may pay the same. Ali
<br />i:tsuranee shall be cat•ri:~d t~; cbtztpanies apgraved by the Mortgagee and the pvlicies and renewals thereof
<br />shall be held by the Siortga~ee and have attached thereto loss payable clauses in favor of and in form
<br />acceptable lu the Mortgagee. In event of loss Mortgagor will give immediate notice by mail to the Mort-
<br />gagec, alto ma}- malty proof of loss if oat made'p~mptly by Mortgagor, and each insurance company con-
<br />cerned is hereby authorized and directed to make payment foz• such loss directly to the Aortgagee instead
<br />of Gv the \tortgagnr and the 1Viortgagee jointly, and the insurance proceeds, or any part thereof,
<br />may be applied b}• the Mortgagee at its option either to the reduction of the indebtedness hereby secured
<br />yr to the restoration or repair of the prvperty damaged. In event of foreclosure of this mortgage, nr other
<br />tratrsfer of title to the ntnrtg.•tged property in extinguishment of the indebtedness secured hereby, aU
<br />right, title and interest of the Dortgagor in and to any insurance policies thrn in force shall pass to the
<br />purchaser or gt•antee.
<br />10. As adclitionai and callatat•nl seem•ity for the payment of the note described, and all sums to became
<br />duty nnd~=r this mort~a~r„. th,. hTnrtoua~,• hr:,•vh., A~a;...,o r,, ft,., na,.,.t ........... ..n t.,....., ~.,....,...,..
<br />noes, royalties, right~, and other benefits accruing to the Mortgagor under any and all oil and gas leasr~
<br />now, or during the iifo of this mortgage, executed on said premises, with the right #o receive and receipt
<br />fvr Cho same and appl}• them to said indebtedness us well before as after default iu the cnndit#ona of th,i9
<br />mortgage, att<i rho 11nt•Ggagee rosy d~•ntatul, sue For and ri~tvver any such pay-menu «-ht.n due and pay-
<br />able, but shall not be rc~~nirk~d so to dv. This assignment is to Germinate and hccataz troll and vvid upon
<br />release of this murkgage.
<br />l 1, He shall not commit, ter Ixrmit waste; attd shall maintain ttre property in as good conditivn as at
<br />present, rexsortabie tcear and te,u• c•xck•pted• Ilpvn any failure to sn maintain, Mortgagee, at iW option,
<br />ma}= cause t•t~asonable maintenance work to be performed xat thv cost of Mortgagor. Any amounts paid
<br />tticretbr by Mortgagee shall hear interest at the rate prvvided far in thc• priac•ipal iudebtedncsc, shall
<br />thereupon bocvme a part of the indebtedness secured by this instrument, ratably and on a parity with all
<br />otlu:r indc~bteciness see•ured herE:by, and shall be payable thin}• (30) days after demand.
<br />IZ. If the premises, at• any part therc~f, Ire; condemned under the lxtwer of c:ntinant domain, or
<br />acquit•t~cl for a public use, the damages awtzrded, the proceeds far tthe taking of, or the consicleratiott tar
<br />such acquisiliun> to the extent of the fufl amount of Che t•entaining unpaid itxlebteduess st~~umd by this
<br />mnt•tgttge, or hereby assigned to the Mortgagee, and shall be paid forthlviGh to said Mortgagee, to be
<br />applied ntt account of rho last maturing installments of sneh indebtedness.
<br />]3. If the llortgag~tr fails to make any payments when due, or to cnnfarnt to acrd cvmply with any
<br />of the conditions ar agreements cozttaineci in this mortgage, or the outer nhich it secures, l,hcn the
<br />etxtire principal swu and accrued interest shall at ones become due and payable, aG the elecl.iun vF the
<br />~inrtvtt_; and this titortgage may therenpon to inreLlc>sed inzztzt~~iiately f.,r tlcc tc°hvie of tFie ;ndebGed-
<br />neas iterelty secured, irtcfudittg the cnstvf oxtending rite abstract vt' title tram tltc date of this mort-
<br />gage to rho time of crttnmeneing such suit, a reasonable attornay's fc~, sod atny runts paid by the Veterans
<br />Administration on account of the guaranty ar insurance of the indebtedness secured hereby, all of which
<br />ahaU be included in Ute decrz~ of foreclvaure.
<br />14. If the indebtedness secured hereby be gnaranteEkl or insttrc.~x1 under TiNe 3f+, 17nited StaCes Dodo,
<br />such Title and Regulations issued thereunder and in offc~ct on the date hereof shall gaveru the rights, duties
<br />and liabilities of the parties hereto, and any provisions of this or atlu>r 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 canteined shall bind, and the benefits and advantages shall inure to, tha
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