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<br />6. IP he fails to pay any sum or keep any covenant provided for is this mortgage, the Mortgagee, aL
<br />its option, may pay or perform the same, and all expenditures so made shall be added to the principal sum
<br />owing on the shave note, shall be secured hereby, and shall bear interest until paid at the rate provided
<br />far in the principal indebtedness.
<br />7. Upon request of the Mortgagee, Mortgagor shall execute and deliver a supplemental note or notes
<br />for the stmt or-sums advanced by Mortgagee for the alteration, modernisation, or improvement made at
<br />the Mortgagor'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 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 nots 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 by the Mortgagee and Mortgagor. Failing to agree on the maturity, the whole of the sum
<br />or sums so advanced shall be due and payable thirty (30} days after demand by the Mortgagee. Fn 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 toward the payment of
<br />the note and ail 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, 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 />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 Mortgagee
<br />may from time to time require, on the improvements now or hereafter on said premises and except when
<br />payment for a1! such premiums has theretofore been made under (a) of paragraph 2 hereof, will pay
<br />promptly when due any premiums therefor. Upon default thereof, Mortgagee may pay the same. AI2
<br />insurance shall be carried in companies approved by the Mortgagee and the policies and renewals thereof
<br />shall be held by the Mortgagee and have attached thereto loss payable clauses in favor of and in form
<br />acceptable to the Sortgagee. In event of loss ^rrtgagor will give immediate notice by mail to the Mort-
<br />gagee, who may make proof 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 14iortgagee instead
<br />of to the Zortgagor and the Itiortgagee jointly, and the insurance proceeds, or any part thereaf,
<br />may ite 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 mot•tgaged 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 at• grantee.
<br />10. As additional and collateral security for the payment of the note c9escrued, and all sums to become
<br />due under this mortgage, the Martgagor hereby assigns to the Mortgagee all (ease bonuses, profits, reve-
<br />nues, royalties, rights, told ather benefits accruing to the Mortgagor under any and all oil and gas leases
<br />now, or during the life of this mortgage, excepted on said premises, with the right to receive and receipt
<br />for the same and apply- them to said indebtedness as rvetl before as after drfauit in the conditions of this
<br />martgage, and thN'_4iortgagee may demand, sue for and recover any such payments when clue and pay-
<br />able, but shall rrat be ret;aired so to do. This assignment is to terminate and become null attd void upon
<br />release of this mortgage.
<br />11. He shall not commit or permit waste; and shall maintain the property in as good condition as at
<br />present, reasonable wear arui tear excepted. Jpon any failure to so maintain, Mortgagee, at its option,
<br />may cause t-raasonabie maintenance work to be performed at the cost of Martgagor. Any amounts paid
<br />therefor by Mortgagee shall bear interest at the rate provided for in the principal indebtedness, shall
<br />thereupon beti•ome a part of the indebtedness secured by this instrument, ratably and on a parity with x11
<br />other indebtedness secured hereby, and shall be payable thirty (30) days after demand.
<br />12. If the premises, or any part thereof, he condemned under the power of eminent domain, or
<br />acquirw3 for a public use, the damages awarded, the proceeds for the taking of, or the considrratiun for
<br />such acquisition, to the exteuL of the full amount of the remaining unpaid indebtedness secured by this
<br />mortgage, or hereby :tssignecl to the Mortgagee, and shall be paid farthwith Lo said Mortgagee, to he
<br />applied on account o[" The fait maturing installments of such indebtedness.
<br />13. If the 1ortgagor fails to make any payments when due, or to conform to and comply with any
<br />of the conditions or agreements contained in this nrortgage, m• the cotes trhic•h it aacures, then the
<br />entire principal sum atul accrued interest shalt at once becarne due and pay°abie, at c. e electian rf the
<br />3iortgagee; and this nx,rtgxgN may thereuptxt be foreclosed immediately for the ccixrb: of the indebted-
<br />ness hereby secured, including the east of extending the abstract of title fram the .late of this mort-
<br />gage tra tiro time of commencing such suit, a reasonable attorney's fee, and any sums paid by the Veterans
<br />Administration i>u account of the gu$ranty or insurance of the indebtedness secured herebv, alt of which
<br />shill lre included in the decree of forec}osure.
<br />14. If the indebtedness secured hereby be guaranteed ar insured tinder Title 3K, Clnited tiCates Code,
<br />such Title and l:egulations issued thereunder and in cifect-ort Ylte date hereof shall govern the rights, duties
<br />and iiabilitits of the parties hereto, artd arty provisions of this or other instruments executed in connection
<br />with said indebtedness which are inconsistent with wild Title or Fegutations are herelry ttntendexl to
<br />cr,»1'orm thereto.
<br />The covenants heroin contained shall hind, and the txrneftt~ anel advant~geu shat! irpre ta, the
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