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~0-~`~ <br />6. If he fails to pay any sum or keep any covenant provided for in this mortgage, the Mortgagee, at <br />its option, may pay or perform the same, and ail expenditures so made shall be added to the principal aum <br />owing wt the above note, shall be secured hereby, an3 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. Hate or notes <br />for the sum or sums advanced by Mortgagee for the alteration, modernization, or improvement made at <br />the DSortgagor'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 i4tortgagee 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 itilortgagee. In no <br />event shall the maturity extend beyond the ultimate maturity of the note first described above. <br />S. He hereby as.Rigns, transfers and sets over to the Mortgagee, to be applied toward the ,,ayment 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 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 lischarge 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 ren;rire, on the improvemeuts now or hereafter an said premises and except when <br />payment for all such premiums has theretofore been made under (z) of paragraph '~ hereof, will pay <br />promptly when due any premiums therefor. Upon default thereof, M1fortgagec may pay the same. Al: <br />insurance shall be carried in companies approved by the yortgagee and the policies and renewals thereof <br />shall be held by the 3ortgagee and have att,~hed thereto loss payable clauses in favor of and in t"orm <br />acceptable to the 3ortgagee. In event bf loss liortgagor « ill give immediate notice by mail to the Mort- <br />gagee, who may make proof of loss if not made promptly b}- liortgagor, and each insurance company con- <br />cerned is hereby authorized xnd directed to make payment t•or such loss directly to the lortgagee instead <br />of to the .liortgagor and the liartgagee .jointly, and the insurance proceeds, ar 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 evert of foreclosure of this mortgage, or other <br />transfer of title to the mortgaged property in est9nguishment r,,f the indebtedness ,scored hereby, all <br />right, title and interest of tits _liortgagor in and io any insurance policies than in Totes shall pass to the <br />put•chaser or grantee. <br />i0. As additional and .~utlateral security for the payment of the note dcscrilrcd, and ail sums to become <br />due under this mortgage, the liortgagor her, by assigns to the ilorigagee all lease bonuses, profits, reve- <br />nues, royalties, rights, ar!<1 other benefits accruing to the Mortgagor under any ar+.d ail oil and gas leases <br />Haw. or during the life at t,~is mortgage, executed on said premises. ,rith kt;e right b~, reeeic,° and receipt <br />for the same and apply- thc-rn to said irrclebtedness as well before ats after default in the eond,tions of this <br />mortgage, and the lortgagee may demand, sue Iw• and recover any sue#: payments i~ hen duE and pay- <br />atr,e, but shall Hat he retluirrd sa to do. This assignment is to terminate am became null and void upon <br />release of this mortgage. <br />11. lie shall net cen;;r;it or permit ;canto; wnd shah maini.ain the proms rty nr as good canditian as at <br />present, reasonable ue8r and tear excepted. Upon any fal#ure to so maintain. Mortgagee, at its option, <br />may cause reasonable maintenance x°ork to be performed at the cost of Mortgagor. .lny amounts paid <br />therefor by Mortgagee :.hall bear interest at the rate provided far in the I,ri,reipal indebtedness, shalt <br />thereupon become a part of the indebtedness secured by t}?is instrument, t~atabh and wt a parity with all <br />other indebtedness secured hereby, and shall be payable thirty (30) days :cf±er demand, <br />12. If the prentise4, er at>_v part Thereof, be condemned under the pvwcr of t-m6reni dornain, or <br />acquired far a public use, the damage.4 awarded, the proceeds far The t<ticsug uf, yr the cuns~<{station For <br />sot-ir acquisition, to the extrnt of the full amount of the remaining unpaid indrlstrdness secured by this <br />mortgage, ar hereby ass5gned to the liartg<agee, and shall be paid ioe-thccith to s.:i,.1 Mortgagee, to be <br />applied on account of tha last maturing installments of such indebtedness. <br />13. ii' the lial'tga$or fails to make atay pai~ruents when due, ot• to conform to hurl camph with any <br />of the conditions or agreements contained in this mortgage, or the Herr; urtich Ii secures, they. the <br />Entire principal sUTii acid accrued interest 51=ati at once become due and pay<ahlr, at the elack,ion of the <br />Mortgagee; and this mortgage may thereupon be foreclosed immediately far the whale of tht; indebted- <br />ness hereby secured, incaudirtg the cost of extBending the absu•aci of title tram the hate of this mort- <br />gage to the time of commencing such sui-t, a reasonable attornap's fee, and any- .urns pcud by the Veterans <br />Administration art aceuurtt of the guaranty ur insurance of the indebtetlncsa sc~•u:rc~l h.~„-by, sll of which <br />shall he included in the decree of foreclosure, <br />Id; if the indebtedness secured herby be guaranteed or msarc~l under Title 3;t, lhtited ;5tatrs Code, <br />such Titlu and P.egtr3ations issued thoreunder atui in egect un the date ban ouf shall govern the rights, duties <br />and }iahilities of the parties hereto, and any provisions of ibis nr rather instrumrttLs r•sc~euted rn cunrtection <br />with said indelttcxlness which are inconsistent u•itlt said 'T`itle ar Liegulxiions ore hereby rrmoadc~i to <br />ecmform thereto. <br />fihc covenants herein oorttain~.l shall #ritsd, and thr• i~cnefits and tcdvantrtgc shall inure tu, tlr,~ <br />