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<br />6. If he fails to pay any sum or keep any cavenant prolzded 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 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, Motgagar shall execute and deliver a supplemental cote yr notes
<br />for the sum or sums advanced by Mortgagee for the alteration, modernization, or improvement made at
<br />the ilSortgagor'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 seeut~t
<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 pay able 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 matut•ity extend beyond the ultimate maturity of the note first described above.
<br />8. Ile 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 />timts of this mortgage or the said note, all the rents, revenues and income to be derii~ed from the motdr
<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 ii may desire for the purpose of tenting 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 Mortgages
<br />may from time to time require, on the improvements now or hereafter on said premises and except when
<br />payment 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 lortgagee and have attached thereto loss payable clauses in favor of and in form
<br />acceptable to the l~lortgagee. In event of loss Mortgagor tivill 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 lortgagee instead
<br />of to the Jortgagor and the ;•lortgagee 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 />ur to the restm•ation 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 1ortgagor in and to any insurance policies then in force shall pass to the
<br />purchaser or grantee.
<br />10. 3s additional and cul!atera! security for the payment of the note de'-scribed, anri all sums to become
<br />due under this mortgage, the 11or•tgagor hereby assigns to the Mortgagee 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 />nc.v, cr during t -life cf this mortgage, executed ua said premises, wiih *he righi 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 />murigage, and the Dlorigagee may demand, sue for and recover any such payments when clue and pay-
<br />able, but shall not be required so to do. This assignment is to terminate and become null and void upon
<br />release of this mortgage.
<br />11. He shall not commit ur permit waste; and shat! maintain the property- in as good condition as at
<br />present, reasonable wear 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. :any amounts paid
<br />therefor by Mortgagee shall beat interest at the rate provided for in the principal indebtedness, shall
<br />thereupon become a part of the indebtedness secut•ed 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 />12. If the premises, or any part thereof, be condemned under the power of eminent dmnain, or
<br />acquired for a public nse, the damages awarded, the proceeds for the taking of, or• the consideration for
<br />such acquisition, to the extent of the Pull amount of the remaining unpaid indebtedness secured by this
<br />mortgage, or hereby assigned to the 14iortgagee, and shall be paid forthwith to said Mortgagee, to be
<br />applied on account of the last maturing 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 or agreetnents eortained in this mortgage, or the notes ~eirci7 it secures, i.hen the
<br />entire principal sum and accrued interest shalt at once oecome due and payaLlr~, at the election of khe
<br />Mortgagee; and this mortgage may thereupon be foreclosed immediately fw• the ~+hule of the indebted-
<br />ness hmeby secured, in:auding the cost of extending the. abstract of title from the date of khis mort-
<br />gage to the time of commencing such suit, a reasonable attorney's fee, and an> sums paid by the Veterans
<br />Administration mt account of the guaranty or insurance of the indebtedness scoured hereby, all of which
<br />shall be inchtded in the decree of foreclosure.
<br />14. If the indebtedness secured hereby be guaranteed ur insured under Title 3H, l'nited States Code,
<br />such Title and Itegtilations issued thereunder and in effect on the date hereof shall govern the rights, duties
<br />and Liabilities of the parties hereto, and any provisions of this ur other instruments executed i^ connection
<br />with said indebtedness which are inconsistent with said 'title or I:egulatiuns are hereby amended to
<br />conform thereto.
<br />The covenants herein contained shall bind, and the benefits and advantages shall innn• to, the
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