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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 />GQ its option, may pay or perform the same, and all expenditures so made shall be added to the principal sum
<br />~ ow=ing 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 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 the
<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 a-ere 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 1ortgagee 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 />eveui shall the maturity extend beyond the ultimate maturity of Lhe 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 cast of s default in the performance of any of the terms and condi-
<br />lions 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 iitortgage indebtedness shall remain t:ttpaid; geed the Mortgages
<br />shall have potter to appoint any agent or agents it may desire for the purposa: 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 />„-„•,,,••, a, :f •t„y.• to he antait,d tn,varfl the discharge of said mortQas[e indebtedness.
<br />9. He will cmttinuously maintain hazard instance, of such type or types and amounts as Mortgagee
<br />tray from time to lime require, on the improvements nor; or hereafter an said premises and except when
<br />payment for all such premiums has theretofore been made under (a) of paragraph 2 hereof, tviil 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 1>e held by the 11lortgagee and have attached thereto loss payable clauses in favor of and in farm
<br />acceptable to the Mortgagee. In event of loss Mortgagor will give immediate notice by mail to the Mort-
<br />gagee, tvho may make proof of loss if not made promptly by Mortgagor, and each insurance company con-
<br />eerned is hereby authorized and directed to make payment fot• such loss directly to the :iortgagee instead
<br />of t<> the :tlortgagor and the 14lortgagee jointly, and the insurance ptroceeds, or any part thereof,
<br />may be applied by the Mortgagee at its option either to the reduction of the indebtedness hereby secut•etl
<br />or to the restoration or repair of the property damaged. In event of fot•eclosure 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 iu and to any insurance policies then in farce shall pass to the
<br />purchaser or grantee.
<br />t o. As additional and collateral security for the paytnent of the note described, and all soma to tteeome
<br />clue under this mortgage, the Mortgagor hereby assigns to the Mortgagee• all lease bonuses, ptrofit_e, eevE
<br />Hues, royaltus, rights, and other benefits accruing to the Mortgagor under any and all oil and gas leases
<br />- now, or during tnc hfe of this mortgage, executed ott said premises, with the right to receive and receipt
<br />fae the same geed apply tltem to said utdebtedness as well before as after default itt the condititrns of this
<br />-_ :nurtgagc, atns! the !lfortga3ge:e may demand, sue fttr and reeovur guy such ptt~t•ntettts wh~u dui $rd pay-
<br />_ able, but shall Wok be rtvtuired so to do. This :tssignntent is to terminate and become null and void upon
<br />release of this mortgage.
<br />11. He shall Hat commit ur permit waste; and shall maintain the property in as good eonditian as tet
<br />present, ruasottable ,year and tear excepted. Upon any failure to so maintain, Mortgagee, at its option,
<br />Wray cause reasonable maintenance work to be pet•formed at the cost of Martgagw•. Any amounts paid
<br />t.licrefut• by Murt~;uf,ee shall bear interest at the. rate provided for in the principal ittdebkednesg, shall
<br />thereupon become a part of the indebtedness secured by this instrument, ratably and at a parity with all
<br />nth+~r inciebtedne:ss secured hereby, and shall be payable thirty (30} days after cit:nttutd.
<br />_ 1',~., if the premises, or an,v part thereof, be condemned under the potter of eminent clontain, or
<br />acquire~ef 11'or a pul,>lic us,~, thi• damages awarded, the perocoods for the tal:int; uf, or they consideration for
<br />sorb acquisitiem, to the extent of Ute Pttil amount ttf the remuining unltaid indel,itedness secured by this
<br />mortgage, or hrsre^!t}• a~,ign:•tl to the '.~tortgagea, and shall be paid forthwith to said ~Iortgagc~, to Ere
<br />applied mt account of the Last maturing installmouis of such Gtdebtedneas.
<br />13• If ih<~ 3lartgagor fails to make any pa~nuents when due, or to conform ht anal eomph• with any
<br />of the cotufitiotts or agreements cuntttined in this mortgage, or the, notes which it Secures„ then the
<br />€=ntiro principal seem artl 3ccr-e€td int,irFst sltaii at z,nce beoome iae anc~ payablrt, at the ,=il<<^tion of the
<br />- ilurtgagc~~; and tltis uu,rtgage may th._~roupun be foreciased lmntediately for thr whole of the indebte:cl-
<br />Hess hereby secured, including the cost of extruding the abstract of title front the date of this mort-
<br />gage to the time of commencing such suit, a reasonable attorney's fee, anei ang runts paid by thtt ~'e~terans
<br />Administration on account of the guaranty or insurance of the indebtedness socut•ed hcr<~bg, all of which
<br />shall be included in the decree of foteciasure.
<br />14. If the indebtedness secured hereby be guaranteed or insured under Title fit;, ilnited States Gode,
<br />such Title and Regulations issued thereunder and in effect on the elate hereof shall govern the rights, duties
<br />and liabilities of the artier hereto, and an
<br />p y provisions of this or other instruments exewuted in connection
<br />•with said indebtedness which are inconsistent with said Title or Regulations are het•eby amended to
<br />- conform thereto.
<br />The covenants herein rnntsined shall bind, and the benefits and advantages shall inure to, the
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