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<br />~i. 'If he fails to pay any sum or keels any covPnaaa',t prv~°ides'] ;:v.P- in this mortgage, the Mcn•tgagee„ at
<br />its'ctgticrt, may Pay or perform the same, and al} expca,ni}itures so macle~ shall be added to rho principal st:m
<br />o~i•itig or_ the above note, sha31 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 c^• notes
<br />for the sum or sums advanced by Mortgagee for t}te alteration, modernization, or improvement made at
<br />the Mortgagor's request; or for maintenance of said premises, or for taxes or assessments agains*. the
<br />same, and for any other purpose elsewhere authorized hereunder. Said note or notes steal} be secured
<br />hereby on a parity cvith and as fully as if the advance evidenced thereby were included in the note first
<br />described a1>os•e. Said supplemental note or notes shall bear interest at the ra±e provided for in the prin-
<br />cipal indebtedness and shall be payable in apptroximately- equal rnonth'.y- payments for such period as may
<br />be agreed upon by the yortgagee and Aortgagor. Failing tv 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 uvte first described above.
<br />8. He hereby assigns, transfers and sets Deer to the Mortgagee, 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 />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 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 Ute 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 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 time to time require, on the improvements noFV or hereafter on said premises and except when
<br />payment fvr all such prctniums has theretofore been made under {a) of paragraph 2 hereof, will pay
<br />promptly when dtse any- premiums therefor. Upon default thereof, Mortgagee may pay the same. All
<br />insurance steal} be cat•ried in companies approved by the Mortgagee and the policies and rene~~~als thereof
<br />shall be held by the Mortgagee and have attached thereto loss payable clauses in favor of and in form
<br />acceptable to the :Mortgagee. In event of loss Mortgagor will give immediate notice by mail to the Mort-
<br />gagee, who may make proof of loss if not stade promptly by Mortgagor, and each insurance company con-
<br />corned is hereby authorized and directed to make payment for such loss directly to the &Tortgagee instead
<br />o: to the I~Tortgagor and the Mortgagee jointly, and the insurance proceeds, or any part thereof,
<br />may be applied b}- the Mortgagee at its option either to the reduction of the indebtedness hereby secured
<br />or to the restoration ot~ t•epair of the property damaged. In event of foreclosure of this mortgage, or other
<br />transfer of title tv the mortgaged property in extinguishment of the indebtedness secured hereby, alt
<br />right, title and interest of the Mortgagor in and to any insurance policies then in force shall pass to the
<br />pw•chaser or grantee.
<br />10. As additional and collateral security for the payment of the note described, and all sums to became
<br />due under this mortgage, fire Mortgagor hereby assigns to the Mortgagee all lease bonuses, ptrofits, reve-
<br />nues, royaltie}, rights, and other benefits accruing to the Mortgagor under any and all oil and gas leases
<br />now, or during the life of this mortgage, executed on said premises, with the right to receive and receipt
<br />foe the same and apgl> them to said indebtedness as well before as after clcfault in the conditions of this
<br />mnrtgagfs, atttcl the Mvrtgctgee may demand, sue for and recover any such payments when due and pay-
<br />able, but sl;all net be requu•ec] so to do. This assignment is to terminate and becvme nut} and vivid upon
<br />release of this t=tortgage.
<br />I1. He shall trot cott4mlt or permit waste; and shall maintain the property in as good condition as at
<br />present, reasonable wear at:d tear excepted. Ugon any failure tv so maintain, iVicrtgagee, at its option,
<br />may cause reasonable maintenance work to be performed at the cost of Mortgagor. Any amounts paid
<br />therefor by Mortgagee shall hear interest at the rate provided for in t}te principal indebtedness, shall
<br />thereupon become a part of the indebtedness secured by this instrument, ratably and on a patty with all
<br />other indebtedness secured hereby, and shall be payable thirty (301 days after demand.
<br />12. If the premises, or any part thereof, be condemned under the potvet• of eminent domain, or
<br />acquit•ed for a public use, the damages awarded, the proceeds for the taking of, or the consideration for
<br />such acquisition, to the exti~trt of ttu full 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, tv tx
<br />applic~cl on account of the last maturing installments of such indebtedness.
<br />13. If the ;4Tortgagot• fails to make any payments when due, or to conform to and comgly with any
<br />of the conditions yr agreements contained in this mortgage, or the notes which it secures, then the
<br />entire principal sum anti accrued interest shall at once become due and payable, at the election of the
<br />Mvrtg:tgee; and this tnartgage may thereupon be forec}oscd immediately for the +vhoie of the indebted-
<br />ness herekty secured, including the cost of extending the abstract of title from the date of this mort-
<br />gage t~ the time of commencing such suit, a reasonable attorney's fee, anci any sums paid by the Veterans
<br />Administration ou acevunt of the guaranty or insurance of the indebtedness secured hereby, all of which
<br />shall be included in the decree of force}osure.
<br />14. If the itdebtedness secured hereby be guaranteed or insured under Title 38, United Suites Cvde,
<br />such Titre and iegulations issued thereunder and in effect vin the date hereof shall govet•n the rights, duties
<br />and liabilities of the parties 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 />conform thereto.
<br />The covenants herein contained shall bind, and the benefits and advantages shall inure to, the
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