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79-~ ~C)723
<br />6. If he fails to par any sum or keep any covenant provided for in this mm•tgage, the Mortgagee, at
<br />its option, may pay or perform tite same, and all espenttitures so made shall be added to the principal sum
<br />oming on the above note, shall he secured hereby, and shall bear interest until paid at the rate provided
<br />for in the principal indebtedness.
<br />7. tipon request of the :1lurtgagee. Mortgagor shall esecute and deliver a supplemental note or notes
<br />for file sum or sums advanced by Mortgagee fur tlxe alteration, modernization, or improvement made at
<br />the &Iortgagar's request; or fur maintenance of said premises, or for lases ur assessments against the
<br />sanxe, and for an}• other purpose elsewhere autlxorizeci hereunder. Said note or notes shall be secured
<br />hereby an a parity with and as fully as if the advance evidenced thereby ticere included in the note first
<br />~eseribed shore. Said supplemental note or rotes shall bear interest at the rate provided fur in the prin-
<br />cipal indebtedness and shall tk payable in approximately equal monthly payments fur such period as may
<br />be agreed open by ti:e Mortgagee and 1ortgagor. Farling to agree on the nxaturify, the at hole of the sum
<br />cu• sums so advanced shall Ile due and payable thirty (3U) dais after demand by the 3lot•tgagee. In no
<br />evetxt shall the maturity extend beyond the ultimate nxaturit}• of the note htst described above.
<br />8. He hereb}- assigtxs, transfers and sets Dyer ro the Mortgagee, to be applied tu,vard the payment of
<br />the note attd all sum. secured hereby in case of a default in the performance of any i,f the terms and condi-
<br />tiens of this mortgage ar the sai3 note, all the rents, revenues and inaante to be derived from the mort-
<br />gaged premises during .each time as the mortgage indebtedness shall remain unpaid; and the Mortgagee
<br />shall hate poEyer to appoint anc- agent or agents it mac desire for the purpose of renting the same and col-
<br />lecting ±he rents. revenues and income, and it may par out uT said inconnw all necessary commissions and
<br />exlxnses incurred in renting and managing the same and of collecting rentals therefi-um; the balance
<br />remaining, if any, to i~c applied tun•at•d the discharge of said mortgage indebtedness.
<br />9. He u-ili enntinuotash- maintain hazard insurance, of such type or tcpc:s and amou,~ts as Mortgagee
<br />ma}- fn~m time Lo 'time recLuire, on the imprayemenis non- or hereafter on said premises and except when
<br />pa r-xtnt fur a13 such pta~miuru ha., ihetetofure been made tinder (a) of paragt•aph'~ hereof, N•iil pay
<br />promptly :Then due am prenxiums therefor. L'Ixux default thereof, 'liortgagec may pay t}ta same. Atl
<br />insurance shall Lx~ carri,~d in companies approved lty the \iortgagee and the policies and rene~yals thereof
<br />shall be held by the'_liot•±gagcae grid Ixave attached tixereto IaSS pa}•able clause, in favor of and in form
<br />acceptable to the .llortgag~Y. In event of lass '_4iortgagcu• kill give immediate notice by mail to the Mort-
<br />gagra olive tray make pr~~,f of loss if not made promptly by'iiorigagor, and each insurance company con-
<br />cernecl is h~=reb}- anthoriae<i and direcied to make pa}-ment for such loss directly to the \lortgagee instead
<br />of to ilxe _linrtgagur and the 3ortgagee loin#lc, :.>r,9 the insurance t,tviceeds, ur an}• part thereof,
<br />may be applied br tlxe Iortgagee at its opt.ioa either to the reduction of the indebte~.Iness hereby sac•ured
<br />ar #o the tzstoration or repair of the prnperiy damaged. In event of fonclosttre of this mortgage, or other
<br />~°ansfer of title to the ;a,o:-tgaged properh• in estinguislrtnent of the indebtednec: st~ured hereby, all
<br />right, title and interval of thc~ 9iurtgagar in and to an}• insurance policies then in iorc,~ shall pass to the
<br />putrhaser or gra-ttee.
<br />10. 3s additiun,l ar:d collateral security for the payment of t-he note described, and all sums to become
<br />dye undez• this mot•tg:;fre, the ]lortgagor 1-_~raby assigns to the \IotKgalree all lease Cxntttsc~, pmfit_5, reve-
<br />nues ro}•alti~e, t•ipi,t;. as,ad t,ther b<refits arenxing to the Mori *agor under anc snit all oil and gas leases
<br />n=_,w. ar during the l,sr of this nxertg^age, exeeut~l on said przmisea, with the right to rc~:eive and receipt
<br />soy tt;e sanxe and appit ttt,-m 'c. s::id indebi<~ress as tcell before as after default itt the c.:nditious of this
<br />±nnrtgagr, and zlxe M,~r?gag:~. ma}- demand, sue for and rei~oyer any suc,e pacmrn*.s a hen .iue and pay-
<br />ablc, but .Sall not be t~-yuir,-: so to 30. Tixin as.ignm~nt is to ternnate and Lw-come nttli and void upon
<br />raira~ ?~f t?±is mi~rtg~ge_
<br />1L lie sr:;ill nct ti€,mmi=. „r pe?•nut taste; and shai3 maintain the propert}- in as g~uk} ~•ondition as at
<br />prr~nt-• reast,aabl~- ,tear and tear r3eepted. I'pon any failure to s._, rtxaintaiu, '1i;~rtr gam, at ifis option,
<br />~.ar ~u_~ t~;.~,nalir n~~itztz~t.anc~ work t~ be perf+ermzd at ?tte :~>,ct ~~f ?4iiatga~;er. :kn}• anx.vn*s paid
<br />tl:~refor b~; M~i2ga~:~~ s1ta11 2>tiar interest at the rate provided +_•or in il:e In-~ncil,al indebtedness, shall
<br />thereupon t)eri7mr z i,at-t of the indebtedness seeurrd be this in.:rument, ratrabh and un a p:u•ity with all
<br />other indebtr~dnc-ss =_~c s;*c-,9 hereby, and shall tiie payahlr thiri}- t;30) da}•s aitt~r demand.
<br />1? If vxe prexr,;.e5. ~,r any part thereiaf, be irondemred under the pti,~ er .cif eminent riamain, or
<br />acquinKl fcar a public use, tl;<~ <?amages awarded, tlii' pn><ehi, for flee Caking uf. or the ~„n;ideration for
<br />such acquisition, to t;xe extr-;it _;' the full amount os flea remaining unpaid irdebteilness st-cured by this
<br />mortgages, or ]terrty as3gnrd zo the ~ortgag~, and shall ©e paid far#h,~ ith tc, ;aid Mortgagee, to )>?
<br />apphrd c+n Account z.7 tl,e Iasi ntauring installaxents ui snclx indebtedness.
<br />7S. If the '.1103 tgatn,r fails to make any payrn~-nL, ~3•hen due, or tti cor,furm f,a and cumpl9 with any
<br />of the candit;oas or agrerraents eontainzd in this mortgage, ur the notes „hich it secures, then the
<br />entire principal sum and accrued interest shall at once became due and pa}aG3r, at the election of the
<br />Zt.,rigsgte; and this n.i,rtgage ma}• ihereupan 6e sare<losed immediately far the whole ai the indehted-
<br />ne~s herNbl- secur.~d., irti•lvding the cost of ; sirnding the abstract of title from *_l-ie date of this mort-
<br />gagQ to the time of commencing such suit, a rea_,onable attorney's fee, and dn\ wnms paid by *_he Veterans
<br />3~~Iministratic+n on account of the guarant}- or insurance of tl:e indebt<<dnes5 secu3-~d I;eruby, atl of which
<br />;~,,~v t~ i~ludedd in il:e~r~ of fat~;vsur;.
<br />1~. If the indebtedness act-ured het•,e#ty 6e guaranLi~d ur insurt~d under Tirle .'38, I_?nited States Code,
<br />such Title and F.egttlatiuns issued thereunder and in etTect on the date hernof shal9 groyern the rights, duties
<br />and liab$ities of the parties Itereto, and any provisions of this or oilier instruments executed in connection
<br />with said indebtedness which are iacr,nsistent with said Title or .Peguiatians are hereby amended to
<br />cc„xtfarm thereto.
<br />The covetvutts hetaein contained shall bind, and *,he benefits and advantages shall inure to, the
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