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<br />6. If. he fails to pay any sum or keep any covenant provided for ir. 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 />owing 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 Portgagee, 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 were included in the note first
<br />described above. Said supplemetaal Hate or notes shall bear interest at the rate provided for in the prin-
<br />cipal indebtedness ant shall be payable in approximately equal monthly payments for such period as may
<br />be agreed upon by the ibtortgagee and Mortgagor. Failing to agree on the maturity, the whole of the sum
<br />or sums so advanced shall be due and payable thirty 130) days after demand by the Mortgagee. In ro
<br />event shall the maturity extend beyond the ultimate maturity of the note first described above.
<br />S. 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 or the said note, all the rents, revenues and income to be deri red 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 col-
<br />lecting the rents, revenues and income, and it may pay out of said incomes all necessary commissions and
<br />expenses incut•t'ed in renting anti 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 continuously maintain hazard insurance, of such ty pe ot• types and amounts as Mortgagee
<br />may from time to time require, on the improvements now or hereafter on said premises and except when
<br />payaneni for ail such premiums has theretofore been made under (n) of paragraph ?hereof, will pay
<br />promptly when due any premiums therefor. Upon default thereof, Mortgagee may pap the same, All
<br />insurance shall be carried in companies approved by the ;Mortgagee and the policies soil renewals thete~of
<br />shall be held by the Dortgagee and have attached thereto loss parable clauses in favor of and in form
<br />acceptable to the i4fortgagee. In egent of loss Mortgagor will give inuttediate notice by mail to the Mort-
<br />gagee, lobo 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 ditrctly to the Mortgagee instead
<br />of to the Mortgagor and the Alorigagee jointly, and the insurance proceeds, or any part thereof,
<br />..^.~ay 1K applied by the Mortgagee at its option either to the reduction of the indebtedness hereby securc~l
<br />or 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 indebtedness secured hereby, all
<br />right, title and interest of the Mortgagor in and to any insurance policies then in force shall pass to the
<br />purchaser or grantee.
<br />I0. as ad{jitianal and collateral security for the payntert of the Hole described, and all sums to tt~ntre
<br />due under this mortgage, The MMortgagor hereby assigns tv the Dforigagee all lease bvntt_ces, prorits„ reve-
<br />nues, royalties, rights, and other benefits accruing to the Bortgagor under any and all nil and gas leases
<br />Haw, or during trte life of this mortgage, executed nn ,said premises, with the right to r~c,~ive and z~ieipt
<br />for tl'tc= s'atrre anti apply tiretu tv said itrtlel;tedness tts well before as after tiefatdt in the conditions of this
<br />mu!•t~rage s.tte! the Mo!•tgag~ may demand, stze for and r°4•ovsr arv sue-lt • re==ts sv=`=rn due azt ~---
<br />' ~ - - -`-- - ~ = t ' '~ E y
<br />able:, but shall not be rettuired se tv do. This assignment is to tez•znizzate ant 1sLCOt1!i mull azrd v€~id u~ett
<br />release of this mortgage.
<br />ll. He shall nut commit or permit waste; and shall maintain the property in as gaud cvnditivn as at
<br />present, reasemabie wear turd tear excepted. L1pon ally failure to so maintain, Mortgagee, ai its option,
<br />may cause reasonable maintenance work to be pet•formed at the cost of Mortgagor. Any, amounts paid
<br />tht-reiot• by Mortgagee shall bear interest at the rate provided for in the principal indebtedness, shall
<br />thereupon became a peel of the indebtedness secured by this instrument, ratably and on a parity with all
<br />other indebtednes, secured hereby, and shall be payable thirty (30) days after demand.
<br />1L. If the premises, ot• any part titereaf, be condemned under the potvcr of eminent domain, or
<br />acquired for a public usr•, the damages aw°arded, the: proceeds for the faking of, or the consideration for
<br />such acquisition, to the estc•nt of the full amount of the romaining unlutid indebtedness secured 6y this
<br />mvttgttgc, vt• hereby assigned to the Mortgagee, and shall be paid forthwith to said M,rrtgatgee, to be
<br />applied vn account of the last maturing instailntents of such indebtedness.
<br />I3. If the Mortgagor fails to make any payments when due, or to eanform to and comply with any
<br />of the conditions or agreements ccuttained in this mortgage, ar the notes which it secures, then the
<br />entim principal sum and acer!~ed interest sltali at Hock: becmm~ due and payabit~, at the elet'tintt of tho
<br />Mortgagee; and this mortgage may thereupon be forrecivsed immediately foz° the tc~hale of the indebted=
<br />Hess hereby secured, including the coat of extending the abstract of title front the hate of this molt
<br />gage tv the time of commencing such suit, a reasanable attozRrey's fee, anti any sums paid by the 4"eterans
<br />Administration an account of the guaranty or insurance of the indebtedness secured hereby, all of which
<br />shall be included in the decree of foreclosure.
<br />1~1. If the indebtedness seetired hereby be guaranteed or insm•ed mzder Title ;I€1, United States Co<ie,
<br />such Title and Regulations issued thereunder and itt efit~c.t an the data hereaf shall govern the rights, duties
<br />and liabilities of the parties hereto, and any provisions of this yr other instruments executed in connection
<br />with. said indebtedness which are inconsistent with said Title nr Regulations are het-eby amended to
<br />conform thereto.
<br />The covenants -herein wntained shall bind,- and the benefits and advantages shalt inure to, the
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