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<br />79- ~i.~~g?i.'~
<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 sum
<br />caving 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 />?. 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 />hez'eby 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 i4fortgagee 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 />event shall the maturity extend beyond the ultimate maturity of the note first dPSC.ibed above.
<br />8. He hereby assigns, transfers and sets over to the Mortgagee, to be applied toward the payment of
<br />the note and ail sums secured hereby in ease of a default in fire performance of any of the terms and condi-
<br />tions ei 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 3ortgagee
<br />shall hate powet• to appoint any agent or agents it may desire for the purpose of renting the same and col-
<br />lecting the rents, revenues and inecrte, 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 anr, to be atpplied toward the discharge of said mortgage indebtedness.
<br />4, 11«~ will ~untinuously n?aintain hazard insurance, of such type o,• types and amounts as Mortgages
<br />may feom lime to time require, on the improvements now or hereafter on said premises and except when
<br />payment for• all such premiums has theretofore been made under (a) of paragraph 2 hereof, twill pay
<br />promptly when due any premiums therefor. Upon default thereof, Mortgagee ma_r- pay the same. All
<br />insurance shall be carried in companies approved by the i4fortgagee and the policies and renewals thereof
<br />shall be held by the Mortgagee and haveattached thereto loss payable clauses in fever of and in form
<br />acceptable to the Mortgagee. In event of loss 1liortgagor will give. immediate notice by trtait to the Mort-
<br />gagee, who may make proof of loss if not made promptly by Mortgagor, and eac]? insurance company con-
<br />ecrned is hereby authorized and directed to make payment for such loss directly to the;4lortgagee instead
<br />of to the Mortgagor and the hortgagee 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 />ot• to the restoration or repair of the property damaged. In event of foreclosure of this mortgage, or other
<br />transfer of title to the mortgaged property in extinguishment of the ittclebtedness secured hereby, All
<br />right, title and interest of the ortgagor in and to any insurance policies then in force shall pass tc the
<br />purctraser ot• grantee.
<br />1i7. As adehtionat anid evllateral security for rite payment of the note described, and ail sums to lxconte
<br />due under this mortgage, the lEiortgagor hereby assigns to the Mortgagee alt leash bonuses, ptroftts, reve-
<br />nues, rey4lti;=s, rights, and ether banel'sts accruing to the 14furtgagor under any and all oil and gas ;uses
<br />now, or during ti:e life of this mortgage. zx€cuted i«n said premises, with the right to rezr it-e an$ t'e~ipt
<br />fur the sAme and apply= tlterit tts sAid indebtedness as tve11 before. as' after default in the eunditicns of this
<br />:rrorigage, and the ~Ior•tgag~ nrae de,^.tand, sue for and r°".aver any uch pa>~nettts ic-:',s=rt dun sad pay-
<br />able, bst shall nt;t b= t•tix~ait•~d so to de. This Assigrt=nent is tc tert;tinate and bc:~me rrril and mid trpun
<br />release of this mortgage.
<br />II. Ile shalt not commit or permit tt•aste; artd shall maintain the property in as good canditton as at
<br />present, reasonable wear and tear excepted. Upon any failure to so maintain, Mortgagee, at its option,
<br />Wray Cause t•eascmabie maintenance work to be performed at the cost oP Rlartgagor. Arty amounts paid
<br />ttierefur by Murtgague shall bear interest at the rate provided for in the principal indebtedness, shall
<br />thereupon he=eorne tr lxtrt of the indebtedness secured by this instrument, ratably and an a parity frith all
<br />other indebtedness secured hereby, aril shall be payable thirty (30) days after demand,
<br />12. Tf the premises, or any part thereof, be condemned under the power of eminent domain. ur
<br />auquircrl far a public use+, the damages awarded, the proctvrds fur the taking oP, or rho cunsi,l~•rrttion foe
<br />such acquisition, to th«= estrnt of the full amount of the remaining mtluiid indebte~3ness secured by this
<br />mortgage, esr hereby assigneri to the Mortgagee, and shall be paid farthtvith fc said 14Iortgagee, to be
<br />applied cn account of the last ntaturlttg installments of such indebtedness.
<br />13. If the 3tat•tgagur tails to make any payments when dur, or to conform to elect comply with any
<br />of thu camiitictna itr agrc~ments contained in Chia mortgage, or the notes trhich it secures, then the
<br />entire wrzreil;&1 3errrt tncl arcf.totz int:?:'est stiali rte on4~ G~•r?me rluo and- lutyrtblr. at the Elcctiun of the
<br />lfortgagese; and tills mortgAges tray tlt«=coupon bcr foreclosed immt=eliately for tlto whFtEt# of the iudebtsrl-
<br />neas hereby secured, inciuciing the cost of extending the a63traet of title from the date ..f this mort-
<br />gage to the time of commencing such suit, a reasonable attorney's fee. and :uty sums paid by the t'eterans
<br />Administration on account of rho guaranty or insurance of the indebtedness secured hereby, all of which
<br />shall be included in the decree of foreclosure.
<br />14. lithe indebtedness secured hereby be guaranteed nr insured under Title S8, United States Code,
<br />such Title and Regulations issued thereunder and in affect on the date hereof shall govern the rights, duties
<br />.and liabilities of the portico hereto, and any provisions of this car other instruments executed in connection
<br />with said indeb#edtre~ which are incoxrsiatent t7ith said Title ar Regulations at•e hereby amended to
<br />conform thereto.
<br />The covenants herein contained shall bind, and the benefits and advantages shall inure ta, the
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