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<br />fi. If he fails to pay an;^ stint ar keep any coversanl: pt•GV°ideci for izz this mortgage, tlxe Mortgagee, at
<br />its option, t,•iay pay ar lterfat•zn the same„ and all exp~=ndltures so :Wavle shall kae a<ided to the principal sWUn
<br />ox^izxg, on Vase above na~te, shall be secut+ed hereby, rand shall bear i=xteres~t ~u~ntil ,paid at tlhe rate. pravi¢'led
<br />fer rn the principal indebtedness.
<br />?. Upon request of the Mortgagee, Mortgagor shah 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 ;`33ortgagor's request; or for maintenance of said premises, or for taxes or assessments against the
<br />same, and for any ether purpose elsewhere authorized hereunder. Said note or notes shall be secured
<br />hereby on a parity vrith 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 approximately equal monthl}- payments for such period as may
<br />be agreed upon by the Mortgagee and Mortgagor. Failing to agree on the maturity, the whole of the sum
<br />or sums so advanced shall L-e due and payable thirty (30} days after demand by the ;tiiortgagee. In no
<br />event shall the maturity extend beyond the ultimate maturity of the note first described above.
<br />8. He 1-iereby assigns, transfers and sets ovet• to the Mortgagee, to be applied toward the payment of
<br />the note and 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, al] 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 ar 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 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 uncard the discharge of said mortgage indebtedness.
<br />~. He will continuously maintain hazard insurance, of such type or types and amounts as Mortgagee
<br />may from time to tithe require, on t}te improvements now or hereaftet• on said premises and except Evhen
<br />payment for all such premiwns has thet•etafor•e been made under (a) of paragraph 3 hereof, a ill pay
<br />promptly when due any premiums therefor. Upon default thereof, Mortgagee may pay the same. All
<br />insurance shall be carried in companies approved by the Mortgagee and the policies and renewals thereof
<br />shall be held bti• the Mortgagee and have attached thereto loss payable clauses in favor of and in form
<br />acceptable to the Mortgagee. In a°vent of loss ;Mortgagor will give immediate notice by mail to the Mort-
<br />gagee, who may make proof of loss if not made promgtl~* by Mortgagor, and each insurance company con-
<br />cerned is hereby authorized and directed to make payment for such loss directly to the tliortgagee instead
<br />pf to the Mortgagor and the Mortgagee jointly, and the insurance proceeds, or any part thereof,
<br />Wray be applied 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 />transfer of title to the mortgaged property in extinguishment of the indebtedness secured hereby, all
<br />right, title and interest of the Mortgagor in and to any insurance policies then in force shall pass to the
<br />purchaser or grantee.
<br />19. As additional and c•allateral 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 />txues, rayslties, rights, and ether benefits accruing to the Mortgagor under any and all oiI and gas leases
<br />ttoK~, ar during the life of this mortgage, executed an said promises, with the right to receive and receipt
<br />for the same and apply them to said indebtedness as well before as after default in the conditions of this
<br />mortgage, and the llortgakee may demand, sue far and recover any such payments when due and pay-
<br />able, but shall nut be reuuiit:d so to ila. Tltis assigntttent is to terminate and become null and void urn
<br />E•elease of this mortgage.
<br />11, He shall not commit ot• permit waste; and shall maintain the property in as geed canditian as at
<br />present, reasonable near and tear excepted. Upon any failure to so maintain, Mortgagee, at its option.
<br />may cause reasonable maintenance work to be performed at the cast of Mortgagor. Any amounts paid
<br />ttierefar by Mortgagee shall bear interest at the rate provided for in the principal indebtedness, shalt
<br />thereupon become a part of the indebtedness secured by this instrument, ratably and on a parity with all
<br />other indebtedness secured hereby, and shall he payable thirty (30} days after demand.
<br />1`l. If the premises, or any part thereof, be condemned under the poser of eminent domain, or
<br />acquired for a pohlic use, the damages awarded, the proceeds for the taking of, ot• 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 Mortgagee, and shall be paid farthnith to said Mortgagee, to be
<br />applied on account of the last matw•ing installments of such indebtedness.
<br />13. if the ortgagor fads to make any payments when due, or to canfm•m ko and compl}° with any
<br />o€ the conditions or agreements contained in this mortgage, or the Hates 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 />Martgatgce; and this mortgage may thereupon be foreclosed immediately for the tivhole of the indebt~d-
<br />ness herehy secured, including the cost of extending the a:tstract of title frown the elate of this mort-
<br />gage to the time of commencing such suit, a reasonable attorner•'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 />14. if the indebtedness secured hereby be-guaranteed or insured under Title 38, United 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 cannectian
<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 benefice and advantages shall inure to, the
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