80-.
<br />6. If he fails to pay any st!m or keep any covenant provided for in this mortgage, the Mortgagee, at
<br />its option, may pay or perform the same, and alt expenditures so made shall be added to the principal sum
<br />owing on the above note, shall be secured hereby, and shall bear interest until paid at the rate 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, modentization, or improvement made at
<br />the bfortgagor'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 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 by the Mortgagee and Mortgagor. Failing to agree on the maturity, the whole of the sum
<br />or sums so advanced shall he due and payable thirty (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 />S. He hereby assigns, transfers and sets over 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, all the rents, revenues and income to be derived from the mort-
<br />gaged premises during such time as the mm•tgage 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 />espeltses incurred in renting and managing the same and of collecting rentals Therefrom; the balance
<br />remaining, if an}-, to be applied toward the discharge of said mortgage indebtedness.
<br />9. He will emrtinuously 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 />pa}•ment for all 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. All
<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 Mortgagee. In event of loss Mortgagor kill 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 rnn-
<br />cerned is hereby authorized and directed to make payment for such loss directly to the Mortgagee instead
<br />of to the ilortgagor and the Mortgagee jointly, and the insurance 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 ur repair oC 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 />10. Aa additroua] and collateral security for the payment of rhE_ tttde descr•ibcd, stud a!1 sums to become
<br />due under this mortgage, the Mortgagor hereby assigns to the ;4lortgagec .!Il lease bonuses, profits, reve-
<br />nues, royalties, rights, zuui other benefits accruing to the Mortgagor under any and a!1 oil and gas leases
<br />now, or during the life of this mortgage, c!xecuted on sait~l premises, with thc_ right to resxive and rc~•eipt
<br />for the same and appl>~ them to said utdebtedneas as well before .!s after .lci'ault in the conditions of this
<br />mortgage, and the 3lortgagee !nay demand, sue for and recover any such payyments when due and pay-
<br />able, but shall not be rryuired su to do. This assignment is to terminate and become null and void upon
<br />release of this mortgage.
<br />11. He shall nut commit ur permit waste; and shall maintain the property in zw grxrd condition as at
<br />present, reasonable gear and tear excepted. l?pmt any failure to so maintain, Mortgagee, at its option,
<br />may cause reasonable maintenance work to be performed at the cost uC Mcrtgagur. Auy amounts paid
<br />therefot• by Mortgagee shall bear interest at the rate provided Coe in the hriosipal indebtedness, shall
<br />Lhereulwu become a part of the indebtedness secured by this iustrumeut, ratably and un a parity with all
<br />other indeb4xlness secured hereby, and shall be payable thirty (30) da1•s afG~r demand.
<br />1'?. If the Premises, ur any part thereof, lxt cnndenu!ed tenter ibe power of emiumrt domain, nr
<br />acquired for a public uso, the danutgos atvarded, thr pruceo,ls for tht• hd~u!g of, ur the cousi~!eration for
<br />such aeyuisitiun, to the extent of Uur full amount oC the rernahting uupai~( indehtedncsti secured by this
<br />taurtgetge, or Iwr•eby assigned to the Murtgstgee. and shall hr paid forlht+'ith to said Mcrrtgagce, to 6e
<br />applied on account ul' the last maturing installnteuts of such indebtedness.
<br />13. If the Mor!gagor fa!Is to make :tu}' payn!euts when due, ur to conform lu and comply wrf.h nuy
<br />of tho eunditious or agre.•menta i~ontained it! this narrtgage, or the notes wbu'h it socures, chw! U!e
<br />entire principal sure and accrued interest sludl at oure ite<<,n!v due owl payabk~, a[ tht• elerlwn of the
<br />Mortgagee; and this mortgage may thrtrupou he foreclosed in!ruvdiately for the whole of Un• indobted-
<br />ness hereby svcnred, n~cludiuE; thr cost of estendiug the abstract ,~t' title from the date of this morl_
<br />gaffe to the time uC conunenrir!g such suit, a reasonable attun!ey's fee; and ;u!}~ soma paid b}- the A'eterana
<br />Administration on arcuunt of the guaranty ..r nisuraua• uC tho iodcblydu,~sa xcured hcr.•b} • all ~~i wh!rh
<br />shalt be included in the decree oC fwrctosurr,
<br />IA. If the indebtedness secured hcrrby Ix• gnarant~•rd •n' :usured under 'f!tle ati, 1 tnitevl ~Gt tra ('ogle.
<br />xueh Title sold kegtdations issued thereunder and w e!foc[ ~a, tb,~ date i!rr,•~~t shall govern Iht• r!ght:r, duties
<br />and liabilities of the parties hereto, and any proei<ums ..I' ih~., .n' „ih~•r irt.;trunu•nts ~•xcv~utrd m :~onuocu~m
<br />with said indebtedness which ar'e incimsistent wdth ,aid •Prtle ..r ltegulatnms :u'v hrri~il!}~ .uw•ude,i ~~~
<br />conform thereto,
<br />"Elie rs,vwtants harei^ contained shall bind, and th,: I,q•nr!ity :utd advantages steal! :n,:ro t:,.
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