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<br />6. If he fails to pay any sum or keep any covenant provided far in this mortgage, the Mertgagee, at
<br />its option, may pay or perform the same, and ail expenditures so made shall be added to the principal sum
<br />owing an the abave note, shall be secured hereby, and shall hear 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, modernization, or improvement made at
<br />the Mortgagor's request; or for maintenance of said premises, or for tzxes 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 far 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 be due and payable thirty (30) days after demand by the illortgagee. In no
<br />event shall the maturity- extend beyond the ultimate maturity of the note first described abave.
<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 incase of a default in the performance of any of the terms and condi-
<br />tions of this mortgage or the said note, at] the refits, 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, revennues and income, and it may pay out of said incomes ail 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 tatvard the discharge of said mortgage indebtedness.
<br />9. He will continuously maintain hazard insurance, of such type or ty pes and amounts as Mortgagee
<br />may from time to time require, on the improvements now or hereafter on said premises and except when
<br />payment fqr all such premiums has theretofore been made under (u) of paragraph 2 hereof, will pay
<br />promptly when due~tny pt~entiulgs)therefor. Upon default thereof, Mortgagee may pay the same. All
<br />insurance shall die, c i•ieti,in cQinnies approved by the Mortgagee and the policies and renewals thereof
<br />shall be held by4#,he Martgagep an have attached thereto loss payable clauses in favor of and in farm
<br />acceptable to t;~te 1ortgagee. ~In went of loss Mortgagor will give immediate notice by mail to the i4lort-
<br />gagee; w#e~tearmake proof oftiosS if not made promptly by Mortgagor, and each insurance company con-
<br />cerned is hereby authm•ized and directed to make payment for such loss directly to the 3ortgagee instead
<br />of to the Mortgagor 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 or repair of the propezty damaged. In Pvent of foreclosure of this mortgage, or other
<br />transfer of title to the mortgaged pronerty in extinguishment of the indebtedness secured Iterebg, 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, As additional and collateral security for the payment tu' the note described, and all sums to 4ecome
<br />due under this mortgage, the IVlortgagor hf=reby assgns to the 3iat°tgsg~c• al! lease bonuses. protits, rrte-
<br />nues, royalties, rights, and other benefits accruing to the Mortgagor under any and all nil and gas leers
<br />non', or during the life of this mortgage, executed on said premises, with the right to reeeiae anri receipt
<br />for the same and apple them to said indebtedness as well before as alter default in the conditions of this
<br />mortgage, and the liortgagce may demand, sue for and recover any such payments when due 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 />ll. He shall not commit m• permit waste; and shall maintain the propert~• in as good eonciitiun as at
<br />present, reasmtxble wear and tear excepted. Upon any failm•e to so maintain, Mmrtgagee, at its option,
<br />may cause reasonable maintenance •,vork to be performed ai the cost of Mortgagor. .any amounts paid
<br />therefor by Mmrtgagee shall bear interest at the rate provided for in the principal indebtedness, shall
<br />thereupon become x part of the indebtedness secured by this instrument, ratably amt on a parity o ith all
<br />o±her indebtedness sectn•ed hereby, and shall be payable thirty (30) days after demand.
<br />12. If the premises, or any part thereof, be condemned under the pourer of eminent domain, or
<br />acquired far a public use, the damages awarded, the proceeds for the taking oi, or the conmie•raumt fot•
<br />such uquisition, Lo the extent of the full amount of the remaining unpaid indehtc<ir,ess secured by this
<br />mortgage, or hereby assigned to the Mmrtgagee, and shall be paid fm-thwith to said Mortgagee, to be
<br />applied on account of the last maturing installments of such indebtedness.
<br />13. If the 3ortgagor fails to mxhe any payments when due, m• to oonf~n m to curd comply x~ith any
<br />of the conditions or agreements contained in this mortgage, ur the note, ~rhu~h iT secures, then [he
<br />entire principal swn and accrued interest shx1l at once become due and payable, at the election of the
<br />Mortgagee; and this mortgage. may thereupon tin foreclosed immediately for the tt-hole of the indebted-
<br />ness hereby secured, including the cost of extending the abstract of title from The date of this mort-
<br />gage to the lime of commencing such suit, a reasonable attorney's fee, and any sums paid by the Veterans
<br />Administration on account of the guaranty or insurance of the indebtedness secured hereby, all of which
<br />shall be included in the decree of T'orcciostue.
<br />14. if the indebtedness secured hereby be guaranteed or insured under Title 38, united States Code.
<br />such Title and Regulations issued thereunder and in effect on t-he ~ late hereof' shall go~•c rn 'the rights, duties
<br />and liabilities of the parties hereto, and any provisions of this ur other instruments executed in connection
<br />with said indebtedness which are inconsistent with said Title or Regulations are hereby amended to
<br />conform thereto.
<br />The cavenauts herein cantaine-d shall bind, and the benefits and advantages shall inure to, the
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