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<br />o B. If. lze tail;> tcs fray any surn or keep any cavenart pu.at•dw:l ia:rr in this mrn,°tgage, the Mortgagee, at
<br />', its opti,an, rrtay pay of perfo~:m t'rte same, and all r xpcnditurr>s so nzarle shall be added tc the principal sum
<br />owing on the above crate, shall be secured hereby, and shall bear interest unfit paid at the rate provided
<br />for in the principal indebtedness.
<br />7. upon request of the Mortgagee, Martgagor shall execute and deliver a supplemental note ar notes
<br />for the sum or sums advanced by Mortgagee for the alteration, modernization, ar improvement made at
<br />the 1~Iortgagor's request; or for maintenance of said premises, or for taxes or assessments against the
<br />same, and for any other purpose elsewhere authorized hereunder. Said note or nags shall be secured
<br />hereby an a parity with and as fully as if the advance evidenced thereby were included in the note first
<br />f 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 far such period as may
<br />- be agreed upon by fhe yiurtgagee and Mortgagor. Failing to agree on the matutity, the whole of the sum
<br />or sums so advanced shall be due and payable thiz•ty (30} days after demand by the Mortgagee. In no
<br />event shall the maturity extend beyond the ultimate maturity of the note first described above.
<br />8. He hereby assigns, transfers and sets over to the Mortgagee, to be applied towaz-d the payment of
<br />the note and all sums secured hereby in case of a defauli in the performance oi' any of the terms and condi-
<br />tions of this mortgage 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 Mortgagee
<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 />expanses 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 ar types and amounts as Mortgagee
<br />may from time to time reauire, on the improvements now or hereafter on said premises and except when
<br />payment for all such premiums has theretofore been made under (a) of paragraph ?hereof, will pac
<br />promptly when due any premiums therefor. Upon default thereof, Mortgagee may pay th~~ same. .111
<br />insurance shall be carried in camganies approved by the Mortgagee and the paticics ana rEaetvais thereof
<br />shall be held by the illortgagee and have attached thereto loss payable clauses in favor of and in form
<br />acceptable to the bioz•tgagee. In event of loss Mortgagor twill give inuneriia±e notice by mail to the Mort-
<br />- ggree, who may make praaf of loss if not made promptly by Mortgagor, and each insurance company con-
<br />cerned is hereby authorized and directed to make payment for such loss directly to the 3ortgagee instead
<br />of to the, ;klortgagor and the Mortgagee jointly, and the insure^ce proceeds, or any part thereof,
<br />may 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 />trazzsfer of title to the mortgaged property in extinguishment of the indebtedness secured hereby, all
<br />right,-title and interest of the Aortgagor in and to any insurance policies then in Carte shall pass to the
<br />purchaser or grantee.
<br />1Q. ~s additional and collateral security for the payment of the note describcrl, and all sums to become
<br />= due under this mortgage, the Mortgagor hereby assigns to the Mortgagee all tease bom;ses, profits, rove-
<br />- Hues, raya}ties, rights, and other benefits accruing to fife Mortgagor under any and ali oil and gas leases
<br />note, ar during the life of -this mortgage, executed on said premises, frith the right to ri~ceive and rer eipt
<br />far the same and apply them to said indebtedness as troll irefore as after default in the condition:: of this
<br />martgage, and the tortgagee may demand, sue fur and recover any such pay°utents trherz due and pay-
<br />- able; bttt shall not be requited so to do. • This assi~zzment is to terminate and become, nrali atzd void noon
<br />release of this mortgage.
<br />-__ 11. He shall not commit or permit waste; and shall maintain the pr•opercy~ ii, ~ g~,od z„ndizion ~,s at
<br />present, reasanable wear and 'tear excepted. Upon any faiiure to so maintuitt, ;4iat•tgagee, at its option,
<br />may cause reasonable maintenance work to be performed at the cost of Mortgagor. any amounts paid
<br />t}erefor by Mortgagee shalt bear interest at the rate provided for in the prirzcipatl indebtedness, shall
<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 ba payable thirtg (30) days after demand.
<br />12. If the premises, or any part thereof, be condemned under the potter of eminent damain, or
<br />acquired for a public use, the damages awarded, the proceeds For the taking of, ar the cansidet•atian 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 fos•thtrith to said Mot•tgagce, to Ize
<br />applied an account of the last maturing installments of. such indebtedness. '
<br />13. If the Martgagor tails to make any payments when due, uz• to canform to and comply frith any
<br />of the conditions or agreements contained in this mortgage, or the notes w}tich,it secures, then the
<br />entire principal surn and accrued interest shall at once become due and payable, at the election of the
<br />l~iortgagee; and this mortgage may thereupon be foreclosed immediately for the trhote of the indebted-
<br />- - Hess hr:rel;y secure-d, intruding the cost of extendutg the abstract at title t'rom the dote of this mort_
<br />gage to rho time of commencing such suit, a rr:asonable attorney's fee, and any sums paid by ttte f'eterans
<br />.Administration on account of the guaranty or insurance of the indebtedness secured hereby, at1 of which
<br />shall be included in the decree of foreclasure.
<br />14. If the indebtedness secured hereby b'e guarantr~ed or insured mtder Title 38, United States ~ocle,
<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 pf this ar other instruments executed in cannectiou
<br />'with said indebtedness which are '.ziconsistent with said Title or Regulations are hereby amended to
<br />conform thereto.
<br />The covenants herein r;ontained shall bind, and the benefits and advantages shall inure to, the
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