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79- ~' i~a~(~
<br />6. If he fails to pay anc sum or keep any covenant provided for in this mortgage, the Mortgagee, at
<br />its option, may pay or parfot-m the same, and all expenditures so made shall be adde3 to the principal sum
<br />e,ving 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 />i. L'pan request of the 3iarigagee, Mortgagor shall execute and deliver a supplemental note or notes
<br />for the sum or sums ativatued t}y Mortgagee for the alteration, modernization, or improvement made at
<br />the l4iortgagor's request; or for maintenance of said premises, m• for taxes or assessments against the
<br />same, and for any other purpose elsewhere authorized hereunder. Said note ar Hates shall be secured
<br />he~•elay oc=. a parity with and as fully as if the advance evidenced #hereby ,sere included in the note first
<br />described above. Said salznlemental note or notes shat} bear interest at the rate provided for in the prin-
<br />cipal indebtedness and shah be pa}•able in approximaielr equal monthly pa,ments for such period as may
<br />lac agreed upon by fire Siortg:~~ee and Mortgagor. Failing to agree on the maturity, the ?whale of the sum
<br />or sums so advanced shall l,e dt:a and payable thirty (ail) days after demand by the Mortgagee. In no
<br />at-ent shall the ntaturitr extend beccnd the ultimate rtaturity cf the Hate rst described above.
<br />S. He hereby aaigns, transfer; and sacs over to the Mortgagee, to be applied tou•at•d the payment of
<br />the atota and all cunt, secure. hereby in rzse of a default in the performance of an}- of the tarns and condi-
<br />tiotts of this mortgage or the said note, all the rents, revenues and income u, be derived from the mort-
<br />gage<a prnmisas during such time as the mortgage indebtedness shall remain unpaid; and the Mortgagee
<br />shall have pon-er to appuirt env agettt or agents it may desire for the purpose of renting fhe same and col-
<br />laeiing rite rents, revenue; and income. and it m°'r pay out of said incomes all necessary commissions and
<br />ext,enses incurred in renting a?ni ma>taging the carne and of collecting rentals therefrom; the I3aiance
<br />rentsining, if any, to Ix applied ?atvani the disc3:arge ai said mortgage indebtedness.
<br />~. He will cotttinuousl~ maintain hazard insurance. ai such type ar types and amounts as Mortgagee
<br />mgt from time to time e~tx::ire, on the improvements now or hereafter an said m•entises a_nd excr_nt when
<br />payment iu all su.h premiums has theretofore b; an made under {nl of paragraph ° hereof, twill pay
<br />pn,mF•t}- when dun ary prenniunts therefor. Ltlxn default thereof. Martgag~ Holy par the same. All
<br />iusurant~ shall Iae cara•iel in i•ompanies appntved by the Mortgagee and *_he policies and renetcals thereof
<br />shall be held by tha'1lortgagee and have attached thereto ]cogs payable clauses in i"at-or of and in form
<br />ac~reptalale to the 3lortgagea- In event of loss Mortgagor tt-ill give immediate notice by mail to the Mort-
<br />gage, oho mar make proof of logs if not made promptly by Mortgagor, and each insurance company eon-
<br />-rned is I•:crebl- a3tltar.zed and dirxtetl to make parntent for sucl-i loci direct}}• to the Mortgagee instead
<br />of to the Mortgagor and the '+ior?gsgee joiner, and rite insurance pnx~eeds, ar ant part thereof,
<br />ma_s- be apPliad by the Mortgagee at ifs option either to the reduction of the indabtedttev hereby see•tred
<br />:,r tai the res±,>rr#ion or r.~pair of the property damaged. In event of fon-cio,ure of this mortgage, or outer
<br />'transf'er of title t:- Lhe n?n?,gag~d property in extinguishment of the indebtrKinesg setu?id herahy, all
<br />rit;:tt, #ive and interest of rite llarigagor in and to any insuraru policies tl;en ir. force shall pass to the
<br />purchaser er grantee.
<br />16. A.,- 3dditionai and i cllatera3 seeuritr for the payment of the no*_e des':ri?.ta-ti, and a!1 sums to become
<br />due trader this ma,a-tgata rite Mortgagor hereby assigns to the '_liortgagc7• ail leas<~ lx?nuses, profits, rev°e-
<br />nuza, royalties, rights, and ,>ther benefits accruing to the l1>artgagrtr under nay anti aU oil and gas leases
<br />nnN-, or during L+te life ui this mor•t~~aga, executed on said premises, xith the tight to rc~~- :zand receipt
<br />for the same nerd a},pil• them to said indabted'uess as ,yell before as after d~°iaul# in the con'.itions of this
<br />mr,rigaga, and vie 5i,,a•t~2gee may demand, sne cur and retaver anc +ueh payments t,-iten due and pay-
<br />able, but shall Hat Ik requite-rl so to do. This assignment ig to terminate and }xa~ante null and void upon
<br />rrk~ase of this mortgage.
<br />2i. Ye shall rtt ct;mmit or permit .y-aste: and ,fall maim;,;, rite pn~pertt' in .~ s,x~,i rendition as at
<br />pre:-ent, ==asunable :vc-ar an:, tear e_rceptPd. t'pnn am fai3urz to sa maintatn. 3Sot;~agt~, at its option,
<br />may cause reasonable ntaint=nanea work to lac parfnrmed at the cist atf \Sr,rigagor. :env amounts paid
<br />thcrefur br Mortgagee shall Lk~ar interest at the rate provide? fnr ire t.lte .,r;ncit.al st:drhtedness, shall
<br />tl;errupon tr-cvtme n hart of the indebtedness s<~t•ured br this in;trumant, ratably and un a parity with all
<br />other indebtedness ser-ured hereby, and shall be payable thirty CStl) days : fts•r demand.
<br />7?- If the prcmiges. or anc part tlteretsf, ba rondentned under the p„wer cf eminent domain, or
<br />acquired for a public nse, t';e d.`^xages avyarded, vte proreads for the Lti:irtg.,f, ar the consideration for
<br />~.rh ~~;*;~ to tine ex±nt c,i the full amount of the remaining unpaid in+it•ittc•dnt_ss secured Sty this
<br />mtar'tgage, or hereb;.• assigned To the Mr,rigagee, and shall be paid forthw-itl; t~, :aid 3fartgagee, to 6e
<br />applii«1 oa account t~f tiro last matm-ing insta3lnteris of such iadebtc~nass-
<br />1S. If rite Mortgagor fails to make any payments when due, or tt+ ronicrm to and comply Kith any
<br />of the Conditions cr agreersruts cantain~3 in this ntcrtgage, or the n;strs ::hich it secures, then the
<br />entire principal sun: and accrued interest shall at .once became due and pas able, at the election of the
<br />Mur-tgagea; and this martgaga trsav thereaprn be forzclosed immediately for tine tvhr,le ci the indebted-
<br />ne~s hereby ~curei, i;_vludink' the cost ;af extending the abstract of tit3e from the date of this mort-
<br />gage to the time of commencing such suit, a reasonable attorney's fee, and any sums paid b}• the Veterans
<br />Administration an account of the guaranty or insurance of the indebtedness ;at•ured Iter<•by, atl of which
<br />shag be included in the decree of foreclosure.
<br />1~. if the Sadebtedness cured tserebp be guaranteed or insured under Title 38, United States Code,
<br />sueh'i5212 and 3tegulationa issued thereunder and in effect on the date hereof shall govern the rights, duties
<br />and liabiiitses of the pxrtiea hereto, and nag provisions of this or other instruments executed in connection
<br />ui,:Ir said iadebt2dae~ ,,which are itx~asistent with said Title or Regulations are het•eby amended to
<br />conform thereto.
<br />'The oovenannts herein contained shall oind, and the benefits and advantages shall inure to, the
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