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<br />6. If he fails to pay any sum ar keep any covenant proviclerl for in this mortgage, the, Mortgagee, at
<br />its option, roan pay nr perform the same, aad all expEnditures so made shall be atilded to the princ~pai sum
<br />owing on the above note, shall be secured hereby, and shall bear interesi until paid ai the rate provided
<br />for iri the principal indebtedness.
<br />4. 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 tai±h and as fully as if the advance evidenced thereby lucre 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 Mortgagee and 14fot•tgagor. Failing to agree on the maturity, the xhole 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 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 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 lortgagee
<br />shall have potter 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 incurred in renting and managing the same and of collecting rentals therefrom; the balance
<br />remaining, if any, to he applied toward the discharge of said mortgage indebtedness.
<br />9. He will continuously maintain hazard insurance, of such type or types and amounts as Mortgagee
<br />may from tune to time require, on the improvements now or hereafter on said premises and except when
<br />payment far all such premium has theretofore been made under (a) of paragraph 2 hereof, will pay
<br />promptly when due any preminms therefor. Upon d2fauit thereof, Mortgagee may pay the same. All
<br />insurance shall be carried in copanies approved by the `m'ortgagee and the policies and renewals thereof
<br />shall be held by the D~fortgagee a'fid have attached thereto loss payable clauses in favor of and in form
<br />acceptable to the Mortgagee. In event of loss Dortgagor will give i rmediate 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 ttt make payment for such loss directly to the Mortgagee instead
<br />of to the 1ortgagor 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 />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 11lortgagor in and to any insurance policies thou in force shall pass to the
<br />purchaser or grantee.
<br />10. As additional and collateral security for the payment of the note described, and all sums to become
<br />due under this mortgage, the Mortgagor hereby assigns to the \lortgagee all tease bonuses, proofs, rove-
<br />., Hues, royalties, rights, and other benefits accruing to the 144ortgagor unclcr any and all oil and gas leases
<br />now, or during the life ot` this mortgage, executed on said premises, with the right tp receive and receipt
<br />for the same and apply them to said indebtedness as well before as after default in the conditions of this
<br />mortgage, atrcl the Mortgagee may demand, sue for and recover any such payments when due and pay-
<br />able, but shall rtoi be r_gttil•ed so to du. This assignrnent is to terminate gird become null and void upon
<br />releaFe o_f this mortgage.
<br />! t. IIt: shell not eomrnit c}r permit waste; and shall maintain the property in as good condition as at
<br />present, reasonable wear aml tear excepted. Upon any failure to so maintain, Mortgagee, at its option,
<br />may cause reasonable maintenance work to be performed at the cost of Mortgagor. Any amounts paid
<br />tlierefur by Mortgagee shall bear interest at the rate provided for in the principal indebtedness, shall
<br />thereupon become a pat•t of the indebtedness secured by this instrument, ratably and on a parity with all
<br />other indebtechtess secured hereby, and shall be payable thin}• (30) days after demand.
<br />!`~, if the premises, or any part thereof, be condemned under the potter of eminent dantrtin, or
<br />acquired for a p4Ulic use, the damages awarded, the proceeds far the taking of, or the consideration fur
<br />such acquisition, to the extent of the fidl amount of the remaining unpaid indebtedness secured by this
<br />mortgage, or hereby assigned to the Mortgagee, and shall be paid forthwith to said Mortgagee, to be
<br />applied on account oC the last maturing installments of suth indebtedness.
<br />13. if the liurtgagcrr fails to make. any payments when due, ar to conform to and comply' with any
<br />of the cornlitions or agreements contained in this mortgage, or the notes tt°hirh it secures, then the
<br />entire principal sum and accrued interest shall at once bt:come duo and payable, at the election of the
<br />Mortgagee: and this mortgage may thereupon be foreclosed immediately for the tvhulc• of the indebted-
<br />ness hereby secured, including the cost of extending the abstract of title front the date of this mort-
<br />gage to the time of commencing such suit, a reasonable attorney's Fee, and any sums paid by the_ '4'eterans
<br />Administration on account of the guaranty or insurance of the indebtedness secured hereby, ail of tvhieh
<br />shall be included in the decree of foreclosure.
<br />!4. I€ the indebtedness st:cure.l hereby be guaranteed ot• insured wider Title 3~, United States Code,
<br />such Title and Regulations issued thereunder and in effect on the date hereof shall govern fire rights, duties
<br />. and liabilities of the partios hereto, and any provisions of this or other instruments executed in connection
<br />with said indebtedness which are inconsistent with said Title or Regulations are hereby amended to
<br />confoa•m thereto.
<br />The covenants herein contained shall bind, and the benefits and advantzges shall inure ta, the
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