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<br />fi0-- ~E`s'741
<br />6, If he fails to pay any sum or keep any covenant provided for in this mcttgage, the Mortgagee, at
<br />its option, may pay ar perform the same, and all expenditures so made shall be added to the principal sum
<br />owing an the above note, shall be secured hereby, and shall hear interest until paid at the rate provided
<br />for in the principal indebtedness.
<br />7, i;poit request of the \iortgagee, Mortgagor shall execute and deliver a supplemental note or notes
<br />far the sum or sums advanced by Mortgagee for the altet•ation, modernization, or improvement made at
<br />the 1lfort~agor's request; or for maintenance of said premises, ar for talcs or assessments against the
<br />same, and for any other purpose elsewhere authorized hereunder. Said note or notes shall be secured
<br />hereby on a pant}• cviih and as fully as if the advance evidenced thereby were inchtded in the note first
<br />described shave. Said supplemental note or notes shall bear interest at the rate provided far in the prin-
<br />cipal indebtedness and shall be payable in approximately equal manthl}• payments far such period as ma}•
<br />be agree upon by the liorigagee and Mortgagor. Failing to agree on the maturity, the whole of the sum
<br />or sums so advanced shall be due and payable thirty fS0) days after demand by the 3ortgagee. In na
<br />event shall the maturi#}• extend beyond the ultimate maturity of the note first described above,
<br />$- He hereby assigns, transfers and sets over to tl~e Mortgagee, to be applied to~card the payment of
<br />the note and all sums secured hereby sn case of a default in the performance of 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 />gagee premises during su:.h time as the mortgage indebtedness shall remain unpaid; and the Mortgagee
<br />shall have poser to appoint any agent or agents it matt desire far the purpose of renting the same and col-
<br />keting the rents, revenues and income, and it may pay out of said incomes all necessary commissions and
<br />e_~pettses incurred in renting and managing Ute same and of collecting rentals therefrom; the balance
<br />remaining, if any, to be applied ton•ard the discharge of said mortgage indebtcxlness.
<br />9. He will continttousiy maintain hazard insurance, of such type or types and amounts a;'_4iortgagee
<br />;.,~}, f ~ t.,.";~~ t',' ti' n' :i'."„t'°, ~ 4hn 3_m~nrt-nr.~nta ra~u• yr l;arnoftnr nn cair3 p~~t.•nji~~ any3 .~~ne rt ~: hnn
<br />pa}-meat for all such premiums has Yheretofarz been made under {n) of paragraph 2 hereof, kill pay
<br />promptly when due any prtmsums therefor, Upan default #hereof, 9iortgttgea: may pa}• the same. all
<br />insuratt~ shall be carric>d in companies approved by theliortgagee and the policies sad renev-als thereof
<br />shall tre held by the \iar#gagee and here aitached thereto lov pa}-able clauses in favor of and in farm
<br />atz:.ptabie to the 1liartgagee- In event of loss Mortgsgor v-ill give immediate natiee by mail to the Mort-
<br />gagee, whts may make prtxrf of loss if not made promptly by Mortgagor, and each insurance company con-
<br />t~rtted is hex~y authorized and directed to make paytxrent for such lass direcily to the Mortgagee instead
<br />isf to the !liortgagor and the \iartgagee jointly. and the insurance lurocceds• ar anc part thereof,
<br />mar be applied by the hiartgagee at ifis option either to the reduction a=f the indebtedness hereby secut•ed
<br />or to the restat7ttion or trpair csf rite pnperty damaged. In event csf farc~ktsure of this mortgage, or other
<br />transfer of title to the rxu:gaged prapert}• in extinguishment of the indet',vin,,~; serurecl hereby-, all
<br />right, title and interes# +~f tl:e Mortgagor in and to aqv insurance policies then in fsu•,e ,half pass to the
<br />put•rhaser or grantee-
<br />Itl ~s additional and c+,llateral seeurit}' ;ar the payment. of the n~,tr +1.•_:c; ib,•d, and all sums ti, t>NCnme
<br />due under #his mottga~t, #lac> Misrtgagvr hereby assigns to the 3i,-rtgagec a13 lease- bonuses. pra~fits, n ve-
<br />nues, rayaltit~, rights, at:d ~,iher lk~nefits accruing to the Mortgagor under an}- and all ail and gas leases
<br />~pyr, err tlurittg the life csf thin mortgage, exc•rufzd art said ptYmises, a-ith chi right #o recaii~ and rc>~roipt
<br />for a setae and apple' them to said itdebtedness as r.°ell before as after ,lefault in the canditians of this
<br />mt;r#~a~m> and floe 'riortgag.s may demand, zee far and tettsvas an}~ such pairmerts trhen slue and pay-
<br />able, but shall nest be requit e,l so to do. This asssgnntent is to terminate and become null and void upon
<br />release of this martga$a
<br />ii_ He shall not eatiltriit ar permit waste; and shall maintain the pmper-Ty in as ga>•?d condition as xt
<br />present, reasonable wear and tear estrpiad, Upon env failum to so maintain. Ilior2gxb~e, at its option,
<br />map cause reasanabie maintenance earl: to be performed at the rest of Martgagtu•, .fin}- amounts paid
<br />tttemf~• b}f ~l~;en mall l~az interest at the rate provided far an thc> ps-incipai inclebtc~lnrss, shall
<br />thet~npcut becronx a pat•t of the indebtedness secured by this instrument, ratably and on a pant>• x-ith all
<br />o~tlter indehlsecinesc secured hereby, and shall be payable thirty f3t1) dabs after demand.
<br />l~ Lf the premises, nr any hart thetrotaf, be crondemned under the lwirt=r of ~=n~iinent domain, or
<br />scquirrd ft+r a public use, the damages awarded, the procc~eels for tl?e taking csf, or floe eonsi<l+•ration for
<br />suclt a~nisiiion, ttt the extent of the full amcsunt of #lae remaining unl,rtid indek,te~lna,~s serurc>cl fry this
<br />mtx'tgag+e, ar hereby assigned tts the Mortgagee, and steal] be paid fot2hu ith u, :::aid tiorfgagee, to be
<br />appii+ed oa arattrni csf the Iasi maturing snstalltnents of such indebtiedness.
<br />i~, If the ~1or•tgagvr fails tts ntal;e ani• ;+aynaenis when due, or to ccuai+,rm t3 and comply with any
<br />of Gitiiditic+ria :,a- agr>nts ~~ntairted in this mortgage, or the niates .+tie-h it secures, then the
<br />entire lrrinc.ipal sum anal .accrued interest shall at once become due artd payable, at tt:e election of the
<br />2d:3rt$ag~ee; and Chic nst~rigage may thereupcsn be forerlaased immediately for the u•holc of Ilse indebted-
<br />ness leees}- serurt+d, drralutiing tl~ roast of e3trnding the abstract of title fiY+m the date of this mort-
<br />gage ta#3m time of ressu3nmen+cing sure lust, a reasonable attorney's fc+e, and au± um paid by the t'eterans
<br />Adn3insstratittn can acrc?unt of tho guararRy or sttasurant~e of the indebtedness :serurecl hereby, alt of which
<br />aha3l !~ iaeluded in the decree of fureeelosure.
<br />19. If tl3e indebtedness secus>txi hernby be guarantc>ed nr insutx>d undo- Ti#i~ 3S, united Staten Code,
<br />~h'iltle and i2egulataons issued thereunder and in eN'ert an the date }tereaf shall govern the rights, duties
<br />; iiabilit~es of fAe partieslrereta, and spy provisions of this or other instruments exeeutcul in connection
<br />wit}t sod indehtedtiess which are inconsistent with said Title or I:egulations are hereby amended to
<br />cenf~tt thereto.
<br />The coverrants herein contained shall bind, and the benefits and advantages shall inut•e ta, the
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