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<br />S. 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 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 />for in the principal indebtedness.
<br />t. Upon request of the 11lortgagee, Mortgagor shall execute and deliver a supplemental note or notes
<br />for the sum er sums advanced by Mortgagee for the alteration, modernization, or improvement made at
<br />the 11lortgagor'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 ts-ith 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 irtereat 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 tifortgagee and Mortgagor. Failing to agree on the maturity, the whole of the sum
<br />or sums so advanced steal] 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 al] 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 impx•ovenenis now or hereafter on said premises and except when
<br />payment for all such premiums has theretofore been made under (¢) of paragraph 2 hereof, will pay
<br />promptly when due ant premiums therefor. Upon default thereof, Mortgagee may pay the same. Ali
<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 will give immediate notice by mail to the Mort-
<br />gagee, who may mal:e prucf 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 Mortgagor .utd the 14lortgagee jointly, and the insurance proceeds, ur any part thereof,
<br />may be applied by the Mortgagee at its-option either to the reduction of the indebtedness het•eby seenred
<br />or to the restoratimx or repair of 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 Hass to the
<br />purchaser or grantee.
<br />I0, ds ad<'~itionai tmd coliaieral security for the payment of±he note described, and all ,urns to become
<br />clue udder this niortgagc. the Mortgagor hereby assigns to the ~lortgagc•e al! (ease h_onuses, profits. r .,:
<br />Hues, royalties, rights, and other benefits accruing to the Mortgagor under nny and ail oit and gas leases
<br />nor.-, c. during the life oi' this xnsrtgaXe, executed on said premises, with the right to receive anti receipt
<br />t;~r tlxe same and apply Thom to said indebtedness as well before as alter default in the conditions a.'this
<br />mortgage, and the Mortgagee may demand, sue for and recover any such payments when due and psy-
<br />atble, but shall not be required so to do. This assignment is to terminate and become Holt and void upon
<br />release of Lhis mortgage.
<br />Il. He shall not commit or permit waste; and shall maintain the property ut as gaud condition as at
<br />present, reasonable near and tear excepted. Upon any failure to so maintain, Mortgagee, at its option,
<br />may cause reasonable maintenance work to be performed at the cost of Mortgagor. .-buy amounts paid
<br />therefor by Mvrtgagee shall bear interest at the rate provided for in the principal indebtc-dness, shall
<br />thereupon become a part of the indebtedness secured 6y this instrument, ratably and un a parity with all
<br />other indebtedness secured hereby, and shall le payable thirty (301 days after „emend.
<br />12. If the premises, or any part thereof, be condemned under the putter ..I- eminent domain, ur
<br />acquired for a public use, the damages awarded, the procoeds for the t:dcing ul', ur the runsiileration foe
<br />such acquisition, to the extent of Lhe full amount of the remaining unpaid indebtednea secured Ly this
<br />mortgage, or hereby assigned to the Mortgagee, and shall be paid forthwith to said t4lortgsgce, to 6e
<br />applied on account of the last maturing installments of such indebtedness.
<br />13. If the iSlortgagor fails to make any payments when due, ur to conform to =t^<! cc:mply with any
<br />of 'the conditions or agreements contained in this mortgage, or the note, c;i~i<~h it secures, then the
<br />entire principal sum and acct-nett interest shall at once become clue and payable, at the rlretion of the
<br />Mortgagee; and this mortgage may thereupon be foreclosed immediatel_i~ fur the n9tolo nC the indebted-
<br />ness hereby srew•ed, including the cost of extending the abstract of title tl~om thu date of this mort-
<br />gage to the time of e•ommencing such suit, a reasonable attorney's fee, and any soots paid by the Veterans
<br />Administration on account of the guaranty or insurance of the indebtedness secured hercbc, all of which
<br />shall be included in the decree of foreclosure.
<br />14. If the indebtedness secured hereby be guaranteed nr insured under Title 38, United States Cude,
<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 provisions oI' this nr other instruments executed in connection
<br />with said indebtedness which are inconsistent with said 'Pitle or Pegulations xre hereby amended to
<br />conform thereto.
<br />the covenants herein contained shall bind, and the benefits and advantages shall inure fu, the
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