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79-- {1~'7i~`~'
<br />6. If he fails to pay- any sum or keep any covenant provided for in this mortgage, the Mortgagee, at
<br />its option, mac pay or perfozm the same, and all expenditures so made shall be added to the principal sum
<br />owing en 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. Lpvn 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 Diortgagvr's request; or for maintenance of said premises, cr fur taxes or assessments against the
<br />same, and for any arbor gurpose elsetrhere authorized hereunder. Said note or notes shalt be secured
<br />he°eby an a parity with and as fully as if the advance evidenced thereby were included in the note first
<br />described above. :'.aid supplemental note or notes shall bear interest at the rate provided for in the prin-
<br />cipal indebtedness and shall be payable in appzoximately equal monthly gay-ments for such period as may
<br />be agreed upon_ by- the :Mortgagee and \iortgagvr. Failing to agree on the maturity, the ~chele of the swn
<br />oz° sums sv advanced shall be due and payable thirty (30) days after demand by the 3ortgagee. In ~~n
<br />event shall the maturity extend ~y-ond the ultmate maturity of the uvt.e nzst described above.
<br />S. He hereby assigns, transfers and sets over to the Mortgagee, to be applied tvtivard the payment of
<br />the note and all sums sectn-ed hereby- in case of a default in the pez•formance of any of the terms and condi-
<br />tians of this mortgage yr thie said note, all the rents, revenues and income to be derived from the mort-
<br />gagc*d 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 />1~'<ting the rents, revenues and income, and it may' pay out of said ineorzes all necessary commissions and
<br />e~r•rnses incurred ir. renting and managing the same and of collecting rentals therefl•om; the balance
<br />r~~rnaining. if any, to Lk applied tmvard ilte discharge of said mvr*.gage indrbtetlness.
<br />?t. He trill rontir,uousl' maintain hazard insurance, of such type yr types and amounts as Mortgagee
<br />ma}- f;•vm time to time rc~7asir~, on the improvemen#s no~c yr hereafter on said premises and ,~xrQmt.rhnn
<br />}aaymcnt for all such p?•rmiums has theretafvr~ b~>.en made under (a) of paragraph 2 hereof, brill pay
<br />pr>ntgilr e-hen tine a*tv prrmitmis ti;erefar. I?pon default Lherez~f, iiartgagt~e~ may gay- the same. al!
<br />it:sutance shall br cat-rird in companies approved by the Mortgagee and the }x~liries and renewals thereaf
<br />sllaal] br It~ld bt• the Mnrtgag+~e and have attached thereto loss parable clauses itz favor of and in form
<br />ac«,ptable to the 9Ia;•tgagee- In went of loss 3ortgagor n-i}I give immediate notice by mail to the ;Mor2-
<br />~gre.:vtn Wray' make pri~uf of loss if not made promptly by 1liorzgagvr, and each insurance company con-
<br />cer.aed i, hezehy autharized and directed to male payment fvr such loss diretUy to Lhe llor#gagee instead
<br />of to the Mortgagar and the lortgagee ioinLlc, and the insurance proceeds, ar any part theaeof,
<br />mar be apl:]ic-d 'oy- L':e Marzgag~e at its aption either te. the reduction of the indebtedness hereby secc:red
<br />or to the rstoration Er repair of *_l;e property damaged. In event of foreLlosure of this mortgage, or other
<br />transfer of title to the ±::c.*.-t~~ged property in extinguishment of the indebtecinrss secured hereby, all
<br />right, title and in#erest of the livrtga$or in and to any insurance policies then in forge shall Was, to the
<br />put•etta~r yr grantae_
<br />]tl. As additions; and collateral security for the pay-rtzent of the note describe d, curd all sums tv became
<br />due under this mortgage. the Mortgagor herebv assigns to Lhe Rivrtgagre all lease bonuses, profits, rere-
<br />nu~, rvcalties, rights, <t;d c,ther benefits accruing to the Mortgagor under any and all oil and gas leases
<br />nv~-, ar during the life of this mortgage, executed on said premises, with rho righl to rtK•c~ve and receipt
<br />ft~r the same and apply them t:. said indebtedness as tool] befaz~ as after default in the conditions of this
<br />m:..-tgage, and the 31ot-t~sgre may ?emand, sue far an,: mover any sucit payments tc•hen dun and pav-
<br />ab':, but ,,,all rut ;:e rte}nit+-c3 so to do_ 'T?tis assignmt-nt =:s to iez-minate and become cull and void upon
<br />r~lrase of this mvrtgage_
<br />ZI. 13c shall nom.. ~.mmit a=r }~rmit v~•aste; and shall taintain tl:e property in as g~x?d eonditiva as at
<br />gr_~ nt, rim ti~1>le ;; _ar a=~_1 hair rxropied. Ltp,~n any- failur: to scj maintain, itiortgagcr. at its option,
<br />may cause r*ea_sc,nabir mainten.anee a~vrA to lac performed at the cuss of Mr,rigagar. Any amounts paid
<br />Lrrriar b} 3dua-zgxg~~e shah tn-ar interest at tl;r rite ptroti?ed is}r in the }ar4nripal indeb~ness, shalt
<br />Lhereupnn t~t•zt'smr a paz•t of the indet3*~dness se,-un~d by this instrum<nt, ratahh' and on a parity frith all
<br />nt}stir tndeL?teclara :t}curc-s9 hereby,. and shall br pay~ablr thirty {3ii1 days after demarrd.
<br />3`. If the prcrnisrs, c,r any part t}irrevf, br i•c,ndemnc-t-1 under the }x~~srr of eminent domain, or
<br />ar:}€:r_-,i f.:r a pui>lie t=,.Sr, the dz~rzages a~arcl[d. the proceeds fir the taking cf, ur the ronsideratian for
<br />sn_r,• a?~?ui_it::=n, t„ the ax*.c•n±. of tl:e fu.l a=,.uunt of tl:e ~-main,s3g uriF~id indebtedness secured by this
<br />aa.:rtgte~. {~r lxr2•bv assignr-d t~, the Mortgagee, and shall be paid fortht+ith to said !4iortgagee, to be
<br />applicw or. ac.ount of t}r=~ last znaturirg ir:sta]lments of sorb indebtedness.
<br />l~. ]f rte Mortgagor fails to make any par-menu u-hen due, yr tv conform to and comply with any
<br />of ttzz rat~ditivns yr agr~ments i-erntAiric'd is rh~~ mortgage, ur the notes which it secures, then the
<br />el~tsa•+_= princil Sum an.i accrued interest shall at once became due and }ray-able, at the election of the
<br />]!=~rtgagee, and this m~rgago may ther~uprn be ivreciased immediately for the a-hule of the indebted-
<br />r< hz-re.Ly~ ~-c3rrd, i=•cluding the ,mot c.f extending tl-ie abstract of title front tha date of this mort-
<br />gage to the tune of tYtmmencing such snit, a rerist,na6le attorney's fee, curd anti- sums paid by the Veterans
<br />Adrnirtistsatian on scrocnt of Lhe guaranty yr insurance of the indebtedness sreurt~.3 hrrrbs, a!! of which
<br />shall be iarlud~l is the decree of foreclosures
<br />14. If the endebtedness secured hereby ~ guaranteed or .insured under Title 38, United States Cade,
<br />such Tztle cad Pegttlations issued thereunder and in effect on the date hereof shall gore: n the rights, duties
<br />i»d IiabiliLies of the parties her+rta, scut Bag praynsinns of this yr other instruments executed in caaneetion
<br />a-tth card i;adrb#aatln€ss alrieh az~ irsetstrsistant with said Title yr P.eguiatiuns are hereby amended to
<br />conform thereta-
<br />The covenants herein cxsntairred shall bind, and the berefrts and advantage, shall inure to, the
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