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~0~554
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<br />6. 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 sum
<br />awing on the above note, shall be secured hereby, and ahail 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 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 for taxes or assessments against t`te
<br />same, and for any other purpose elsewhere authorized 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 />ba agreed upon by the 3ortgagee and Mortgagor. Failing to agree on the maturity, the whole of the sum
<br />oz 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 />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 in case of a default in the performance of any of the terms and condi-
<br />tions of this mortgage ar the said note, all the rents, revenues and income to be derived from the mort-
<br />gaged premises dut•ing 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 zmd income, and it may pay out of said incomes all necessary commissions and
<br />expenses incurred is 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 cantimtousiy maintain hazard insurance, of such type or types and amounts as Mortgagee
<br />may from time to time recruire, mt the improvements now or hereafter on said premises and except when
<br />pa}•ment for all such premiums has theretofore been made under (a) of paragraph ~ hereaf, eri11 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 />shad be held by the .lortgagee and have attached thereto loss payable clauses in favor of and in form
<br />acceptable to the lyfurtgagee. In event of lass Mortgagor will give immediate notice by mail to the Mort-
<br />gagee, who may 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 to the Mortgagor 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 />ar to the restoration or repair of the property damaged. Ir. event of foreclosure of this mortgage, ar other
<br />transfer of title to the ma•tgaged property in extinguishment of the indebtedness secured hereby, all
<br />right, title and interest of the blartgagor in and to any insurance policies then in farce shalt pass to the
<br />puechaser or grantee.
<br />10. As additional and collateral security far the payment of the note described, and all sums to become
<br />UUe Unlil7r'ti~in nisi i:5.+xe, ii,~iivi i~nKvi iici c`uy aooi~i.o - `. :. ~... "" ,: ,: <.:,i~,i..',un= -^aa_ -
<br />•tis"is.. u , y. v.,
<br />Hues, royalties, rights, attd other benefits accruing to t1teV3iortgagor under any and alt oi- and gas leases
<br />now, ar clurir;g the life of thl mortgage, executed cn said ptLmiscs, with t ,e right to receive and rc~tcipt
<br />far the same and appl}• them to said indebtedness as will befare as after defae?It in the randifinP.$ ar rhiy
<br />mortgage. and the ~iartgagr< may` demand, sue for and recover any such payments when due and pay-
<br />ablu, but shall not be recluirtd su to do. This assignment is to terminate and became tiatl and void upon
<br />release of this mortgage.
<br />11. He shall rot cammit or permit waste; and shall maintain the property in as good eandition as at
<br />present, reasonable wear and [ear excepted. Ltpon any failure to so maintain. Mortgagee, at its option,
<br />may cause reasonable maintenance work to be performed at the Lost of Mt;rtgagar. Any amounts paid
<br />therefor by Mur[gxt,ce shall bear interest at the rate prodded for in the principal indebtedness, shalt
<br />thereupon become a part of the indebtedness se~curc>d by this 'instrument, ratably and at a parity with all
<br />other indebtedness secured hereby, and shall be payabta thirty (30) days after demand.
<br />12. if the premises, or any part thercaf, be candemneci tinder the lxnvor of eminent dantain, er
<br />acquired far a public usc•, the damages awarded, the proceeds fur the taking uf, ar ttte cunsideratian fur
<br />such acxluisition, to the extent of the ful! amount of the remaining unpaid indebtedru;~ iti,w•etil by this
<br />mortgage, cr iterrby assigncci to the Mortgage, and shall lx: paid farthw-ith to said Mart~tgee, to be
<br />applied an account of ttte last maturing iustaliments of suchsndebtedneas,
<br />13. If the atartgag~~r fails to make arty payntants when due, or to ccntfornt to arci cccmply with any
<br />of the eat<tltiuns ar agrc~ments cunt:tined in this rnorkgage, ar the hates which it secures, then the
<br />etttlt•tt princi€~,l stint ~;nd s_-r4ed ittterfst s:.all at t;ncc became due and payabes}, ai iii.- election of tie
<br />:tlurtgag<~e; and this mortgage ma}• therrcupan tx £ureclosed immelatrly fur the whtrle of th.t indeblzxl=
<br />Hess het•eby secured, including the cast of extending the abstz•act of tttle fi•am the date of this mart-
<br />gage to the time of cctmtnctteing such suit, a reasonable attorney's fc~, attd arty =ums paid b}° the Veterans
<br />Administration on account of the guaranty ar insurance of the indebtedness sutured hereby, all of which
<br />shall be included in the decree a4 Poredaaure.
<br />1~4. If the indebtedness secured hereby be guaranteed or insured under Title 38, Itnited States Cade,
<br />such Title and Regulations issued thereunder and in effect on the crate hereof shall govern the rights, duties
<br />and liabilities of the parties hereto, and any provisions of this or other instruments executed in cronne.aion
<br />"with said indebtedness which are incatt~istent with said Title or Regulations are hereby amended to
<br />conform thereto,
<br />The covenants herein contained shalt bind, and the benefits and advantsges shall inure to, the
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