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<br />fir. 6. If he fails to pay any sum or• ]veep any covenant provided for i,n this mortgage, the Mortgagee, at
<br />its option, may pay or• perform the saute, and all expendituro~s so made shall be added to the pritzcipai sum
<br />o:ving 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 />_~ i 7. 17pan reauest of the lbfortgagee, 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 />r the Mortgagor's request; or for maintenance of said premises, or for taxes m• assessments against the
<br />F, same, and for any other purpose elsewhere authorized hereunder. Said note or notes shall be secured
<br />g het•eby on a parity with and as fully as if the advance evidenced thereby were included in the note first
<br />4 described above. Said supplemental note or cotes shall bear interest at the rate provided for in the prin-
<br />•1~ cipal indebtedness and shall be payable in approximately equal monthly payments far such period as may
<br />F be agreed upon by- the Mortgagee and Mortgagor. Failing to agree on the maturity, the :whole of the sum
<br />or sums so advanced shall be clue and payable thirty (30) days after demand by the Mortgagee. In nn
<br />t event shall the maturity extend beyond the ultimate maturity of the note first described above.
<br />M t3. Ile hereby assigns, transfers and sets over to the bortgagee, to be applied toward the payment of
<br />the note and all sums secured hereby incase of a default in the performance of any of the terms and condi-
<br />iions of this mortgage or the said note, all the rents, revenues and income to be derived from t}te mort-
<br />gaged lremises clut•ing such time as the mortgage indebtedness shall remain unpaid ;and the Dortgagee
<br />shall hate power to appoint any agent ar agents it may desire for the purpose of renting the sane 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 tawat•d the discharge of said mortgage iudebtedness.
<br />9. Hv :rill caniinuuusly maintain hazard insnratzce, of such type or types and amounts as Mortgagee
<br />may from time to time re<luire, on the impa•ovements now or hereafter on said premises and except when
<br />payment tar al! such premiums has theretofore been made under (a) of paragraph 'L hereof, will pay
<br />promptly rvhcn due any premiums therefor. Upon default thereof, Mortgagee may nay the same, Alt
<br />insurance shall be carried in Companies approved by the ltfortgagee and the policies and renewals thereof
<br />shall beheld by the Mortg•ag~e and have attached thereto loss payable clauses in favor of and in farm
<br />acceptable to the 1liortgagee. In event of loss Mortgagor will give immediate native by mail to the Mort-
<br />- gatgee, who tnay 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 lass directly to the :Mortgagee instead
<br />' of to the Mortgagor and the ;Mortgagee jointly, and the insurance proceeds, ar any part thereof,
<br />may be applied by the Mortgagee at its ogtion 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 other
<br />tt~•rnsfer of title to the mortgaged property in extinguishment of the indebtedness secured hereby, all
<br />right, title and interest of the vfortgagm• in and to any insurance policies then in force shall pass to the
<br />purchaser or grantee.
<br />10. As additional and collateral sec-ut•ity foe the payment of the note desc•t•ibad, and all sums to become
<br />- due under this murtgatge, the Mottgagar hereby assigns to tlzs Mortgagee all lease harzuses, profits, reve-
<br />Haas, loyalties, rights, and other bettefitq accruing t;a the 141carkgagar tinder any anti 311 oil and gas 1e?ases
<br />now, ar during the life of this mortgage., executed on said premises, with the right to receive and reecigt
<br />1'or the same atni] apply therm to said iudebtedness as well before as after default in the cc;nditiott3 of this
<br />mot tgage, attc] the :llo- t~ngec• may demand. sue far and recover arty Buell paytnetrts ashen ue acrd pay-
<br />- able out shall ttat be regtti!•eii sa is do. 'i'bis assigumtttt is to terminatte and became rt;R and void tip:rn
<br />r.,l.fase cf ;his ,~ort£agi.•
<br />- I7. FIe shat] not camm[t or permit tvastr; and shall maintain the lrropet`ty` in as good condition as at
<br />_ presattt, reatscmabkr wear and tear exc~•gted. Ugon arty failure to sa matizttain, Mortgagee, at its nptiou,
<br />may cause rcarsunable maintenance work to be performed at the cost of :Mortgagor. :1ny amounts; paid
<br />therefvr by Murtgatree shall bear interest at the rate grovided for in the grincipal indebtedness, stall
<br />thereupon become a hart of the indebtedness secured by this instrtnnent, ratably and vu a parity with all
<br />ether indebtedness secured Hereby, and shall be payable thirty (30) days after demand.
<br />_ 12. if the premises, or any part thereof, be condemned under the po:ver itf eminent dctntain, or
<br />acquired fur sr public use, the damages awarded, the proceeds fur the taking of, ur the a~nsiclerativn far
<br />such acquisition, to tltcr extent of the full amount of the rcatzarining unpaid indebtacincas serue~•,l by eltis
<br />mortgage, or hctreby assigned to thet Morhgttgee, and shall be paid fnt•thwith to said Mortgagee, to be
<br />agplied on account ot• klte lust maturing instalhtrents of such iudebtedne~,
<br />1,3. if the i~furt~,•;tgor fails to nutke any paynrcutsa when due, ar to e•unfurnt tv and comply with any
<br />of the conditions ar agreements cwttained in this rortgage, ar the mutes :which it secures, then the
<br />entire grincipal sum curd accrued interest shall at once become, doe and payabic~, at the election rtf the
<br />-- 1I,~rtgat~ee; and Yhis !rr=srtg'aa;e r,ray thztr€srrprz» t;r; furc~`€ose':x irrrtrrc~cliately` Tor tlrez tvlrale of ttta-tndt:lrted-
<br />ness hereby secured, including the oast ai extending tite abstract of title foam the elate of this mort-
<br />gage to the time of commencing such suit, a rrasonabtu attorney's foe, and any Burns paid by the Veterans
<br />rldministrntion an account of the guaranty or insurance of the indebtednes secured hereby, all of s•hielt
<br />shat] be included in the decree of foreclosure.
<br />I~.. If the indebtedness seetrred hereby be guaranteed ur insured under Title 3f~, Ltnited States Cade,
<br />rt snch Title and Regulations issued thereunder and in effect on the date hereof shalt govern the tights, duties
<br />°;._ attd liabilities of the parties het etc, and any previsions of this or other irrstrurnents executedT in cannectian
<br />with said indebtedness which are inconsistent; with sand Title or Regnlat:ions are hereby ameudecl to
<br />conform thereto.
<br />The covenants herein contained shall bind, srd the benefits and adv°antages stall inr;rr ta, thr~
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