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<br />ft. Ix he :t'<iils to pay any sum or keep any covenant provided For in this mortgage, the Mortgagee, at
<br />its option, may pa,y or perform the same, and all expenditures so mrd<'~ shall lre added to the principal sum
<br />ouc•ing 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 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 fc~ 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 frith 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 appzroximately equal monthly payments for such period as may
<br />be agreed upon by the jlartgagee 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 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 sad 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 />shah 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 al} 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 apptieci toward the discharge of said mortgage indebtedness.
<br />9. IIe will continuously maintain hazard insurance, of such type or types and amounts as Mortgagee
<br />may from time t« 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, will pay
<br />promptly when due any premiums therefor. Upon default thereof, Mortgagee may pay the same. All
<br />insurance shall be earri€:~i'in companies approved by the Dortgagee acid the policies anti reneit`als thereof
<br />snail beheld 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 not}ce 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 directly fu the ;Mortgagee instead
<br />~~f to the1'ior•tgagor and the Mortgagee jointly, and the insurance proceeds, or any part thereof,
<br />may be apniied 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 />kransfer of title to the mortgaged property in extinguishment of the indebtedness secut•ed hereby, all
<br />right, title and interest of the Dortgagor in and to any insurance policies then 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 mortgagee all lease bonuses, profits, reve-
<br />nues, royalties, rights, and other benefits accruing to the Mortgagor under any and all oil and gas leases
<br />now, or dut•ing the life of this mortgage, executed on said premises, with the right to receive and receipt
<br />for the same and apply thorn to said indebtedness as ii~ell before as after default in the conditions of this
<br />ruurtgage, and the Mortgagee may demand, sue for and recover amy such payments when due and pay-
<br />ablo, but shall n€tt l;e rcquireti so to do. This assignment is to terminate and become null and void ttp€;n
<br />rninsy,w~ of this mnrtgagr_
<br />I i. Ile ~u'1}a}1 r}pt commit Or perntrt ii`a3te; a21t1 3}loll nfiatntain the pTOperty- lit aS good condttlon aS $t
<br />ln•esent, reasonable i}ear anti tear excepted. Upon any failure to so maiutrtin, Mortgagee, 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 bear interest at the rate provided for in the principal indebtedness, shall
<br />thereupon become a part o1' the indebtedness se;.ured by this instrument, ratably and on a parity with all
<br />other indebtedness secured hereby, and shall be payable thirty (30) days after demand.
<br />I2. If the premises, ot• any part thereof, be condemned under the power of eminent domain, or
<br />acquired for a public use, the damages awarded, the proceeds for the taking of, or the consideration for
<br />such acquisition, to the extent of the full amount of the remaining unpaid indebtedness secured by this
<br />mortgage, or hereby assigned to the Mortgage€:, and shall be paid forthwith to said Mortgagee, to be
<br />appliec! on accnuut of the last maturing installments of such indebtedness.
<br />13. If the lortgagor fxila to make any payments when due, or to conform to and comply with any
<br />of the conditions or agreements contained in this mortgage, or the notes which it secures, then the
<br />entire principal sum and accrued interest shall at once become due and payable, at the election of the
<br />Mortgagee; and this mortgage may thereupon be foreclosed immediately° for the whole 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 Veterans
<br />Administration on account of the guaranty or insurance of the indebtedness secured hereby, all of which
<br />shall be included in the decree of foreclosure.
<br />I1. If-the indebtedness aecuzed hereby be guaranteed or insured under Title 38, Anited States Code,
<br />such Title and Regulations issued thereunder and in effect on the date hereof shall govern 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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