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<br />6. If he fails to 1?a)~ any sure or keep any covenant provided for iri this mortgage, the Mortgagee, at
<br />its option, niay liay* or ]k:rfarm the same, acid all expenditures so made shall. be aiided to the principal sum
<br />awing on the above Hate, shall be secured hereby, and shall bear lnteresi until paid at the rat' 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 1Vlartgagor's request; or far maintenance of said premises, or for taxes or assessments against the
<br />same, and for any other purpose elsewhere authorized hereunder. Said Hate or notes shall be secured
<br />hereby on a parity with 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 monthly payments for such period as may
<br />be agreed upon b)° the 1~lortgagee and Mortgagor. Failing to agree on the maturity, the tti•hole of the sum
<br />or sums so advanced shall be due and payable thirty (30) days after demand by the ;4ortgagee. In no
<br />event shall the maturity extend beyond the ultirnatc; maturity of the note first described above.
<br />S. He hereby assigns, transfers and sets ever to the illortgagee, to be applied toward the payment of
<br />the note and all sums secured beech}- in case of a default in the performance of any of the terms and condi-
<br />tions of this ma•t.gage 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 iViortgagee
<br />shall 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 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 toward the discharge of said mortgage indebtedness.
<br />9. He `will continuously maintain hazard insurance, of such type or types and amounts as Martgagee
<br />may from tine to time remait•e, on the improvemeras 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 tvhetr due any premiums therefor. Upon default thereof, Mortgagee may pay the same. All
<br />insurance shall be carried in companies approved by the ortgagee and the policies and renewals thereof
<br />shall be held by the &Iartgagee and have attached thereto lass payable clauses in favor of and in farm
<br />acceptable to the Mortgagee. In event of Ioss Bortgagor will give immediate notice by mail to the Mort-
<br />gagee, who may make proof of loss if not made promptly by Martgaf•or, and each insurance company con-
<br />cerned is hereby authorized and directed to make payment for such loss directly to the Mortgagee instead
<br />of to the Mortgagor and the Mortgagee jointly, and the insurance proceeds, ar any part thereof,
<br />may lte 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 ,lortgagor 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 became
<br />due under-this mortgage, the Aortgagor 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 aiI and gas leases
<br />now, ar clueing tite life of this mortgage, executed on said premises, Leith the right to receive and receipt
<br />for the same aurl apI}ly them to said indebtedness as well before as after default in the conditions of this
<br />mortgage, and the artgagee may demand, sue for and recover any such payrttents when due and gay-
<br />airlc, lrut sltali riot be t=;ttrred sn to do. This assifrztrteztt is to tertttinato anri bczonte null and void upon
<br />release r>f thi4 mr;rtgag~u.
<br />9 t• IIe shah Hirt comrrtit «r pr`rmit a-axle; and shall tttairztain the property in as good condition as at
<br />present, reasonable tcear and tear excepte=d. Upon any failure to so maintain, Mortgagee, at ita option,
<br />may cause reasonable maintenance work to be performed at the cost of Mortgagor. 2tcty amounts paid
<br />therefor by Martgalee shall bear interest at the rate provided fot• in the principal indE+bte.dness, shall
<br />thereupau became a part of the indebtedness secured by this instrument, ratably and on a parity with all
<br />nthor indebtedness secured hereby, and shall be payable thirty (30) days after demand.
<br />tom. if the premises, or any part thereof, be condemned tinder the power of enunent domain, or
<br />acquired for a public use, the damages awarded, the proceeds far the taking of, or the cansideratian for
<br />su.h acquisition, to the extent of the full amount of the remaining unpaid indebtedness socurr=ti by this
<br />rnor•tgage, or hr;reby assigned to the Mortgagee, and shall bo paid forthwith to said Martgagee, to be
<br />applied nn acco~~mt of the last mattu•ing installments of such indebtedness.
<br />13. If the Mortt{~agm• fails to make any payments when due, or to e~tnfEx•m to ant comply with any
<br />of the conditions or agreements contained in this ntartgage, ar the Hates a-hich it secures, then the
<br />entire principal sum and accrued interest shall at once become clue and payaUir=, at the election of the
<br />Murts~€tgc~; and this mortgage niay theron~tz bE fot•Iasoii irtttn€ciiatrly far tho tt•hrlr of the indehtori-
<br />ru~cs lierrhy s~~etzrc>d, including the cost of ext,~uding the ab;;tract of title felon the rlattt of this most=
<br />gage to the lime of commencing such suit, a reasonable attorney's free, anti :+ny stuns paid by tho VRterans
<br />Administration an account of the guaranty or insurance of the indebtedness secured hereby, alt of which
<br />shall be included in the decree of foreclosure.
<br />I9. If the indebtetlitess secnred Hereby be guaranteed or insured under Title 38, united States ('ode.
<br />such Title and Regulations issued thereunder and in effect ott the date hereof shall govern the rights, duties
<br />and liabilities of the parties hereto, and any prorisions 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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