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<br /> <br />6. If he fails to pay any sum or keep any covenant provided for in this martgage, the Mortgagee, at <br />its option, may pay or perfaa•m the same, and all expenditures so made shall be added to the principal sum <br />oFt•ing 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 />1. 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, modernization, or improvement made at <br />the Mortgagor's request; or fur 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 e~ere 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 liortgagee 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. 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 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 cf this mortgage or the said note, all the rents, revenues and income to be derived from the mort- <br />gaged premises dm•ittg 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 b _, pose 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 h~ 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 tune :°e~iuire, on the improvements haw or hereafter on said premises and except when <br />payment far all such premiums has theretofore been made under (¢) of paragraph 2 hereof, will pay <br />promptly when due any g3QPiiums therefor. Upon default thereof, Diortgagee may pay the same. All <br />insurance shall be carriediis'campanies approved by the .Mortgagee and the policies and renewals thereof <br />shall be held b}- the _liortgagee and have attached thereto loss payable clauses in favor of and in form <br />acceptable to the liortgagee. In Event of loss Mortgagor 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 Mortgagee instead <br />of to the lortgagor and the liortgagee 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 or repair of the property daanaged. In event of foreclosure of this mortgage, or other <br />taansfer of tide 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. As additional and ca}latera] security for the payment of the note described, cmd ail sums to become <br />due under this mortgage, the 3ioatgagor hereby assigns to the Diortgagee all lease bonuses, profits, reve- <br />nues, royalties, rights, and other benefits accruing to the Mortgagor under any and all oil and gas leases <br />now, or during the life of this mortgage, executed on said premises, with the right to receive and receipt <br />for the same and apply them to said indebtedness as well before as after default in the conditions of this <br />mortgage, and the liortgagee may demand, sue for and recover atitiv such payments when due and pay- <br />able, but shall not be required so to do. This assignment is to *.erminate and become null and void upon <br />release of this mortgage. <br />1L He shall hat commit or permit n-aste; and shalt maintain the property in as good condition as at <br />present, reasonable near anal tear excepted. Upon any failure to so maintain, Mortgagee, at its option, <br />may cause reasonable mah~tvrance work to be performed at the cost of Mortgagor. ~1ny amounts paid <br />therefor by Mortgagee shall bear interest at 'the rate provided for in the principal indebtedness, shall <br />thereupott become a part of the indebtedness secured by this instrument, ratably and on a parity with all <br />other indebtedness secured hereby, and shall be payable thirty (30) days after demand. <br />1?, if the premises, ar any part thereof, be condemned under the power of eminent domain, or <br />acquired for a public use, the damages awarded, the proceeds for the taking af, car the consideration for <br />such aequisitimi, to the extent of the full amount of the remaining unpaid indebtedness secured by this <br />mortgage, ar hereby assigned to the liortgagee, and shall be paid forthwSth to said 'Mortgagee, to be <br />applied on account of the last matm•ing installments of such indebtedness. <br />13. If the Mortgagor fails to make any payments when due, or to conform to and comply with any <br />of the conditions ar agreements contained in this mortgage, or the note, ~~I~ich it seeures, Then the <br />entire principal sum and accrued interest shall at once become due and payable, aL the election of the <br />4Surtgagee; and this martgage may thereupon be foreclosed immediately for the whale of the indebted- <br />ne,s hereby secured, including the cast of extending the abstract of title tram the date of this mart- <br />gage to the time of evmmencing such suit. a reasonable attorney's fee, and any sums paid by the Veterans <br />Adminiatratioaa an account of the guaranty or insurance of the indebtedness secured hereby, all of which <br />shall be included in the decree of foreclosure. <br />14. If the indebtedness secured hereby be guaranteed or insured under Title :i8, united States Code, <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 previsions of this ar other instruments executed in connection <br />with said indehtedness which are inconsistent with said 'title ar Regulations are hereby amended to <br />conform thereto. <br />The covenants herein cantaine~ shall bind, said the benefits and advantages shall inure ta, the <br />